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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Nov. 29, 2024
Dec. 01, 2023
Dec. 02, 2022
Cash flows from operating activities:      
Net income $ 5,560 $ 5,428 $ 4,756
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and accretion 857 872 856
Stock-based compensation 1,833 1,718 1,440
Reduction of operating lease right-of-use assets 77 72 83
Lease-related asset impairments 78 0 0
Deferred income taxes (468) (426) 328
Unrealized losses (gains) on investments, net (35) (10) 29
Other non-cash items 10 3 10
Changes in operating assets and liabilities, net of acquired assets and assumed liabilities:      
Trade receivables, net 143 (159) (198)
Prepaid expenses and other assets (616) (818) (94)
Trade payables 44 (49) 66
Accrued expenses and other liabilities 196 146 7
Income taxes payable 68 (11) 19
Deferred revenue 309 536 536
Net cash provided by operating activities 8,056 7,302 7,838
Cash flows from investing activities:      
Purchases of short-term investments (59) 0 (909)
Maturities of short-term investments 486 965 683
Proceeds from sales of short-term investments 11 223 270
Acquisitions, net of cash acquired 0 0 (126)
Purchases of property and equipment (183) (360) (442)
Purchases of long-term investments, intangibles and other assets (108) (53) (46)
Proceeds from sales of long-term investments and other assets 2 1 0
Net cash provided by (used for) investing activities 149 776 (570)
Cash flows from financing activities:      
Repurchases of common stock (9,500) (4,400) (6,550)
Proceeds from re-issuance of treasury stock 361 314 278
Taxes paid related to net share settlement of equity awards (677) (589) (518)
Proceeds from issuance of debt 1,997 0 0
Repayment of debt 0 (500) 0
Other financing activities, net 95 (7) (35)
Net cash used for financing activities (7,724) (5,182) (6,825)
Effect of foreign currency exchange rates on cash and cash equivalents (9) 9 (51)
Net change in cash and cash equivalents 472 2,905 392
Cash and cash equivalents at beginning of year 7,141 4,236 3,844
Cash and cash equivalents at end of year 7,613 7,141 4,236
Supplemental disclosures:      
Cash paid for income taxes, net of refunds 1,727 1,854 778
Cash paid for interest $ 143 $ 106 $ 103