XML 18 R6.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
 3 Months Ended
Jul. 31, 2020
Jul. 26, 2019
Cash flows from operating activities:    
Net income $ 77 $ 103
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 49 49
Non-cash operating lease cost 13 13
Stock-based compensation 54 42
Deferred income taxes 0 (7)
Other items, net 25 (7)
Changes in assets and liabilities, net of acquisitions of businesses:    
Accounts receivable 391 672
Inventories 9 15
Other operating assets 7 59
Accounts payable (29) (195)
Accrued expenses (186) (277)
Deferred revenue and financed unearned services revenue (158) (154)
Long-term taxes payable 6 (3)
Other operating liabilities (18) 0
Net cash provided by operating activities 240 310
Cash flows from investing activities:    
Purchases of investments (2) (4)
Maturities, sales and collections of investments 87 1,031
Purchases of property and equipment (52) (32)
Proceeds from sale of properties 6 0
Acquisitions of businesses, net of cash acquired (350) (56)
Other investing activities, net 0 (1)
Net cash provided by (used in) investing activities (311) 938
Cash flows from financing activities:    
Proceeds from issuance of common stock under employee stock award plans 48 54
Payments for taxes related to net share settlement of stock awards (33) (71)
Repurchase of common stock 0 (250)
Repayments of commercial paper notes, original maturities of three months or less, net (370) (219)
Issuance of debt, net of issuance costs 2,057 0
Repayments and extinguishment of debt (589) 0
Dividends paid (107) (115)
Other financing activities, net (3) (2)
Net cash provided by (used in) financing activities 1,003 (603)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 43 (3)
Net increase in cash, cash equivalents and restricted cash 975 642
Cash, cash equivalents and restricted cash:    
Beginning of period 2,666 2,331
End of period $ 3,641 $ 2,973