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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Apr. 26, 2024
Apr. 28, 2023
Apr. 29, 2022
Operating Activities:      
Net income $ 3,705 $ 3,784 $ 5,062
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 2,647 2,697 2,707
Provision for credit losses 90 73 58
Deferred income taxes (508) (226) (604)
Stock-based compensation 393 355 359
Loss on debt extinguishment 0 53 0
Asset impairments and related inventory write-downs 371 0 515
Other, net 573 270 138
Change in operating assets and liabilities, net of acquisitions and divestitures:      
Accounts receivable, net (391) (576) (477)
Inventories, net (139) (939) (560)
Accounts payable and accrued liabilities 391 696 213
Other operating assets and liabilities (345) (148) (65)
Net cash provided by operating activities 6,787 6,039 7,346
Investing Activities:      
Acquisitions, net of cash acquired (211) (1,867) (91)
Additions to property, plant, and equipment (1,587) (1,459) (1,368)
Purchases of investments (7,748) (7,514) (9,882)
Sales and maturities of investments 7,441 7,343 9,692
Other investing activities, net (261) 4 (10)
Net cash used in investing activities (2,366) (3,493) (1,659)
Financing Activities:      
Change in current debt obligations, net 1,073 0 0
Proceeds from short-term borrowings (maturities greater than 90 days) 0 2,284 0
Repayments from short-term borrowings (maturities greater than 90 days) 0 (2,279) 0
Issuance of long-term debt 0 5,409 0
Payments on long-term debt 0 (6,012) (1)
Dividends to shareholders (3,666) (3,616) (3,383)
Issuance of ordinary shares 284 308 429
Repurchase of ordinary shares (2,138) (645) (2,544)
Other financing activities (3) (409) 163
Net cash used in financing activities (4,450) (4,960) (5,336)
Effect of exchange rate changes on cash and cash equivalents (230) 243 (231)
Net change in cash and cash equivalents (259) (2,171) 121
Cash and cash equivalents at beginning of period 1,543 3,714 3,593
Cash and cash equivalents at end of period 1,284 1,543 3,714
Cash paid for:      
Income taxes 1,622 1,548 996
Interest $ 826 $ 606 $ 540