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Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Jul. 31, 2012
Jul. 31, 2011
Jul. 31, 2010
Cash flows from operating activities:      
Net income (loss) $ 792 $ 634 $ 574
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 171 164 148
Amortization of acquired intangible assets 71 77 108
Goodwill and intangible asset impairment charge 0 30 0
Share-based compensation expense 169 153 135
Pre-tax gain on sale of discontinued operations 0 [1] 0 [1] (58) [1]
Deferred income taxes (62) 31 (69)
Tax benefit from share-based compensation plans 71 81 36
Excess tax benefit from share-based compensation plans (70) (71) (18)
Other 11 19 23
Total adjustments 361 484 305
Changes in operating assets and liabilities:      
Accounts receivable (10) (36) 2
Prepaid expenses, income taxes receivable and other assets 31 (70) 20
Accounts payable 19 (24) 40
Accrued compensation and related liabilities 17 8 33
Deferred revenue 38 28 32
Income taxes payable 0 (15) 14
Other liabilities (2) 4 (22)
Total changes in operating assets and liabilities 93 (105) 119
Net cash provided by operating activities 1,246 1,013 998
Cash flows from investing activities:      
Purchases of available-for-sale debt securities (669) (1,257) (3,029)
Sales of available-for-sale debt securities 840 1,626 1,660
Maturities of available-for-sale debt securities 178 328 474
Net change in money market funds and other cash equivalents held to satisfy customer fund obligations 124 (51) 82
Net change in customer fund deposits (124) 77 65
Purchases of property and equipment (135) (114) (74)
Capitalization of internal use software (51) (99) (56)
Acquisitions of businesses, net of cash acquired (392) 0 (218)
Acquisitions of intangible assets (10) (15) (13)
Proceeds from divestiture of businesses 0 0 122
Other 14 2 (10)
Net cash provided by (used in) investing activities (225) 497 (997)
Cash flows from financing activities:      
Repayment of debt (500) 0 0
Net proceeds from issuance of treasury stock under employee stock plans 164 283 416
Purchases of treasury stock (900) (1,360) (900)
Cash dividends paid to stockholders (178) 0 0
Excess tax benefit from share-based compensation plans 70 71 18
Other 0 0 (1)
Net cash used in financing activities (1,344) (1,006) (467)
Effect of exchange rates on cash and cash equivalents (6) 4 1
Net increase (decrease) in cash and cash equivalents (329) 508 (465)
Cash and cash equivalents at beginning of period 722 214 679
Cash and cash equivalents at end of period 393 722 214
Supplemental disclosure of cash flow information:      
Interest paid 60 60 61
Income taxes paid $ 312 $ 270 $ 277
[1] Because the cash flows of our discontinued operations were not material for any period presented, we have not segregated the cash flows of those businesses on these statements of cash flows. We have presented the effect of the gain on disposal of discontinued operations on these statements of cash flows. See Note 8 for more information.