XML 24 R6.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Apr. 26, 2024
Apr. 28, 2023
Apr. 29, 2022
Cash flows from operating activities:      
Net income $ 986 $ 1,274 $ 937
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 255 248 194
Non-cash operating lease cost 45 52 55
Stock-based compensation 357 312 245
Deferred income taxes 53 (606) (144)
Other items, net (13) (67) (54)
Changes in assets and liabilities, net of acquisitions of businesses:      
Accounts receivable (33) 260 (313)
Inventories (18) 37 (90)
Other operating assets (62) (63) (21)
Accounts payable 123 (207) 181
Accrued expenses 113 (103) (111)
Deferred revenue and financed unearned services revenue (14) 46 384
Long-term taxes payable (106) (76) (45)
Other operating liabilities (1) 0 (7)
Net cash provided by operating activities 1,685 1,107 1,211
Cash flows from investing activities:      
Purchases of investments (2,635) (1,269) (18)
Maturities, sales and collections of investments 2,055 550 63
Purchases of property and equipment (155) (239) (226)
Acquisitions of businesses, net of cash acquired 0 (491) (380)
Other investing activities, net 0 59 0
Net cash used in investing activities (735) (1,390) (561)
Cash flows from financing activities:      
Proceeds from issuance of common stock under employee stock award plans 100 108 105
Payments for taxes related to net share settlement of stock awards (127) (84) (74)
Repurchase of common stock (900) (850) (600)
Repayments and extinguishment of debt 0 (250) 0
Dividends paid (416) (432) (446)
Other financing activities, net (1) (5) (2)
Net cash used in financing activities (1,344) (1,513) (1,017)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (19) (1) (49)
Net change in cash, cash equivalents and restricted cash (413) (1,797) (416)
Cash, cash equivalents and restricted cash:      
Beginning of period 2,322 4,119 4,535
End of period $ 1,909 $ 2,322 $ 4,119