XML 21 R7.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
May 31, 2019
Jun. 01, 2018
Cash flows from operating activities:    
Net income $ 1,306,834 $ 1,246,243
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and accretion 290,508 152,882
Stock-based compensation 388,987 280,902
Deferred income taxes (10,682) (400,069)
Unrealized losses (gains) on investments, net (39,978) (1,502)
Other non-cash items 1,970 3,623
Changes in operating assets and liabilities, net of acquired assets and assumed liabilities:    
Trade receivables, net 85,683 140,681
Prepaid expenses and other assets (142,520) (106,612)
Trade payables (17,269) 3,656
Accrued expenses 116,994 46,535
Income taxes payable 11,929 459,943
Deferred revenue 130,320 139,725
Net cash provided by operating activities 2,122,776 1,966,007
Cash flows from investing activities:    
Purchases of short-term investments (139,346) (412,746)
Maturities of short-term investments 320,629 352,078
Proceeds from sales of short-term investments 29,473 200,458
Acquisitions, net of cash acquired (99,817) (14,614)
Purchases of property and equipment (210,760) (140,458)
Purchases of long-term investments, intangibles and other assets (23,680) (13,698)
Proceeds from sale of long-term investments and other assets 1,656 2,897
Net cash used for investing activities (121,845) (26,083)
Cash flows from financing activities:    
Purchases of treasury stock (1,250,000) (1,000,000)
Proceeds from issuance of treasury stock 73,912 64,682
Taxes paid related to net share settlement of equity awards (376,706) (322,505)
Repayment of capital lease obligations (3,219) (815)
Net cash used for financing activities (1,556,013) (1,258,638)
Effect of foreign currency exchange rates on cash and cash equivalents (4,783) 628
Net increase in cash and cash equivalents 440,135 681,914
Cash and cash equivalents at beginning of period 1,642,775 [1] 2,306,072
Cash and cash equivalents at end of period 2,082,910 2,987,986
Supplemental disclosures:    
Cash paid for income taxes, net of refunds 107,938 73,508
Cash paid for interest $ 78,006 $ 37,503
[1]
The condensed consolidated balance sheet as of November 30, 2018 has been derived from the audited consolidated financial statements at that date but does not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements.