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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Apr. 30, 2021
Apr. 24, 2020
Apr. 26, 2019
Cash flows from operating activities:      
Net income $ 730 $ 819 $ 1,169
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 207 193 197
Non-cash operating lease cost 52 51 0
Stock-based compensation 197 153 158
Deferred income taxes (6) (17) (3)
Gain on sale or derecognition of assets (156) (38) (73)
Other items, net 24 1 2
Changes in assets and liabilities, net of acquisitions of businesses:      
Accounts receivable 62 238 (185)
Inventories 31 (14) (9)
Other operating assets (60) 84 (73)
Accounts payable (11) (117) (57)
Accrued expenses 134 (177) 42
Deferred revenue and financed unearned services revenue 193 54 343
Long-term taxes payable (57) (163) (164)
Other operating liabilities (7) (7) (6)
Net cash provided by operating activities 1,333 1,060 1,341
Cash flows from investing activities:      
Purchases of investments (5) (13) (41)
Maturities, sales and collections of investments 165 1,383 917
Purchases of property and equipment (162) (124) (173)
Proceeds from sale of properties 371 96 0
Acquisitions of businesses, net of cash acquired (350) (73) (3)
Other investing activities, net 2 0 4
Net cash provided by investing activities 21 1,269 704
Cash flows from financing activities:      
Proceeds from issuance of common stock under employee stock award plans 98 102 121
Payments for taxes related to net share settlement of stock awards (42) (79) (96)
Repurchase of common stock (125) (1,411) (2,111)
(Repayments of) proceeds from commercial paper notes, original maturities of three months or less, net (420) 172 (136)
Issuances of debt, net of issuance costs 2,057 111 0
Repayments and extinguishment of debt (689) (410) 0
Dividends paid (427) (439) (403)
Other financing activities, net (8) (6) (6)
Net cash provided by (used in) financing activities 444 (1,960) (2,631)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 71 (34) (30)
Net increase (decrease) in cash, cash equivalents and restricted cash 1,869 335 (616)
Cash, cash equivalents and restricted cash:      
Beginning of period 2,666 2,331 2,947
End of period $ 4,535 $ 2,666 $ 2,331