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v3.20.1

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions | 9 Months Ended
--- | ---
Feb. 29, 2020 | Feb. 28, 2019
Operating Activities: |  |
Net income | $ 1,620 | $ 2,509
Adjustments to reconcile net income to cash provided by operating activities: |  |
Depreciation and amortization | 2,688 | 2,487
Asset impairment charges | 66 |
Provision for uncollectible accounts | 295 | 221
Stock-based compensation | 137 | 141
Other noncash items and deferred income taxes | 1,758 | 250
Changes in assets and liabilities: |  |
Receivables | (504) | (780)
Other assets | (149) | (96)
Accounts payable and other liabilities | (2,612) | (1,307)
Other, net | (21) | (102)
Cash provided by operating activities | 3,278 | 3,323
Investing Activities: |  |
Capital expenditures | (4,705) | (3,757)
Proceeds from asset dispositions and other | 15 | 62
Cash used in investing activities | (4,690) | (3,695)
Financing Activities: |  |
Proceeds from short-term borrowings, net | 298 | 220
Principal payments on debt | (1,045) | (874)
Proceeds from debt issuances | 2,093 | 2,463
Proceeds from stock issuances | 38 | 58
Dividends paid | (509) | (514)
Purchase of treasury stock | (3) | (1,365)
Other, net | (5) | 5
Cash provided by (used in) financing activities | 867 | (7)
Effect of exchange rate changes on cash | (8) | (14)
Net decrease in cash and cash equivalents | (553) | (393)
Cash and cash equivalents at beginning of period | 2,319 | 3,265
Cash and cash equivalents at end of period | $ 1,766 | $ 2,872

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