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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Cash received from customers $ 6,878 $ 7,495
Cash paid to suppliers and employees (5,373) (5,584)
Dividends and interest received 21 24
Interest paid (3) 0
Income taxes paid (591) (855)
Net cash provided by operating activities 932 1,080
Cash flows from investing activities:    
Additions to property, plant and equipment (188) (197)
Capitalized software development costs (156) (128)
Purchases of short- and long-term available-for-sale securities (1,361) (2,421)
Sales of short- and long-term available-for-sale securities 887 1,311
Maturities of short- and long-term available-for-sale securities 965 422
Business acquisitions, net of cash acquired (10) (49)
Purchases of strategic and other related investments (11) (106)
Sales of strategic and other related investments 28 57
Decrease in restricted cash (2) 0
Net cash provided by (used in) investing activities 156 (1,111)
Cash flows from financing activities:    
Proceeds from the issuance of EMC’s common stock 105 121
Repurchase of common stock 0 (1,346)
Excess tax benefits from stock-based compensation 2 20
Net payments for the issuance of short-term obligations (376) 0
Dividend payment (227) (232)
Net cash used in financing activities (444) (1,821)
Effect of exchange rate changes on cash and cash equivalents 31 (103)
Net increase (decrease) in cash and cash equivalents 675 (1,955)
Cash and cash equivalents at beginning of period 6,549 6,343
Cash and cash equivalents at end of period 7,224 4,388
Reconciliation of net income to net cash provided by operating activities:    
Net income 297 291
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 483 470
Non-cash restructuring and other special charges 3 11
Stock-based compensation expense 304 245
Provision for (recovery of) doubtful accounts (2) 16
Deferred income taxes, net (19) (20)
Excess tax benefits from stock-based compensation (2) (20)
Other, net 7 0
Changes in assets and liabilities, net of acquisitions:    
Accounts and notes receivable 1,019 1,420
Inventories (40) (69)
Other assets (38) (45)
Accounts payable (580) (575)
Accrued expenses (421) (376)
Income taxes payable (500) (754)
Deferred revenue 415 494
Other liabilities 6 (8)
Net cash provided by operating activities 932 1,080
VMware    
Cash flows from financing activities:    
Repurchase of common stock 0 (438)
Proceeds from noncontrolling interests - issuance of common stock and contributions $ 52 $ 54