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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income $ 774 $ 902
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred income taxes 91 95
Depreciation and amortization 166 267
Non-cash operating lease cost 34 0
Amortization of capitalized software development costs and intellectual property licenses [1] 153 206
Share-based compensation expense [2] 100 110
Unrealized gain on equity investment (Note 8) (38) 0
Other 28 9
Changes in operating assets and liabilities:    
Accounts receivable, net 570 511
Inventories (4) 8
Software development and intellectual property licenses (105) (209)
Other assets 78 39
Deferred revenues (803) (891)
Accounts payable (75) (157)
Accrued expenses and other liabilities (365) (352)
Net cash provided by operating activities 604 538
Cash flows from investing activities:    
Proceeds from maturities of available-for-sale investments 75 0
Purchases of available-for-sale investments 0 (59)
Capital expenditures (45) (61)
Other investing activities 7 (4)
Net cash provided by (used in) investing activities 37 (124)
Cash flows from financing activities:    
Proceeds from issuance of common stock to employees 57 77
Tax payment related to net share settlements on restricted stock units (48) (68)
Dividends paid (283) (259)
Net cash used in financing activities (274) (250)
Effect of foreign exchange rate changes on cash and cash equivalents 3 (19)
Net increase in cash and cash equivalents and restricted cash 370 145
Cash and cash equivalents and restricted cash at beginning of period 4,229 4,720
Cash and cash equivalents and restricted cash at end of period $ 4,599 $ 4,865
[1]
Excludes deferral and amortization of share-based compensation expense.
[2]
Includes the net effects of capitalization, deferral, and amortization of share-based compensation expense.