XML 50 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
3 Months Ended
Oct. 31, 2013
Oct. 31, 2012
Cash flows from operating activities:    
Net income (loss) $ (11) $ (19)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 39 40
Amortization of acquired intangible assets 11 14
Share-based compensation expense 47 49
Pre-tax gain on sale of discontinued operations (40) (53)
Deferred income taxes 77 53
Tax benefit from share-based compensation plans 33 44
Excess tax benefit from share-based compensation plans (33) (44)
Other 5 4
Total adjustments 139 107
Changes in operating assets and liabilities:    
Accounts receivable (11) (1)
Income taxes receivable (143) (112)
Prepaid expenses, income taxes receivable and other assets (44) (16)
Accounts payable 32 12
Accrued compensation and related liabilities (103) (96)
Deferred revenue (29) (16)
Income taxes payable (1) 0
Other liabilities (19) (4)
Total changes in operating assets and liabilities (318) (233)
Net cash provided by operating activities (190) (145)
Cash flows from investing activities:    
Purchases of available-for-sale debt securities (163) (87)
Sales of available-for-sale debt securities 71 81
Maturities of available-for-sale debt securities 79 21
Net change in money market funds and other cash equivalents held to satisfy customer fund obligations 7 81
Net change in customer fund deposits (7) (81)
Purchases of property and equipment (47) (70)
Acquisitions of businesses, net of cash acquired (9) (3)
Proceeds from divestiture of businesses 1,025 60
Other (7) (2)
Net cash used in investing activities 949 0
Cash flows from financing activities:    
Net proceeds from issuance of treasury stock under employee stock plans 72 73
Purchases of treasury stock (1,400) (100)
Cash dividends paid to stockholders (55) (50)
Excess tax benefit from share-based compensation plans 33 44
Net cash used in financing activities (1,350) (33)
Effect of exchange rates on cash and cash equivalents (1) 1
Net increase (decrease) in cash and cash equivalents (592) (177)
Cash and cash equivalents at beginning of period 1,009 393
Cash and cash equivalents at end of period $ 417 $ 216