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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Apr. 30, 2019
Apr. 30, 2018
Cash flows from operating activities:    
Net income $ 1,601 $ 1,367
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 147 173
Amortization of acquired intangible assets 19 18
Share-based compensation expense 303 283
Deferred income taxes (44) 1
Other 12 (1)
Total adjustments 437 474
Changes in operating assets and liabilities:    
Accounts receivable (165) (207)
Income taxes receivable 67 62
Prepaid expenses and other assets (30) (37)
Accounts payable 205 160
Accrued compensation and related liabilities (55) (8)
Deferred revenue (7) (61)
Income taxes payable 334 351
Other liabilities 59 48
Total changes in operating assets and liabilities 408 308
Net cash provided by operating activities 2,446 2,149
Cash flows from investing activities:    
Purchases of corporate and customer fund investments (379) (303)
Sales of corporate and customer fund investments 60 87
Maturities of corporate and customer fund investments 175 137
Net change in customer fund deposits 16 47
Purchases of property and equipment (129) (97)
Acquisitions of businesses, net of cash acquired 0 (363)
Originations of term loans to small businesses (235) (77)
Principal repayments of term loans from small businesses 188 44
Other 3 (16)
Net cash used in investing activities (301) (541)
Cash flows from financing activities:    
Proceeds from borrowings under unsecured revolving credit facility 0 800
Repayments on borrowings under unsecured revolving credit facility 0 (800)
Proceeds from borrowings under secured revolving credit facility 48 0
Repayment of debt (38) (38)
Proceeds from issuance of stock under employee stock plans 231 205
Payments for employee taxes withheld upon vesting of restricted stock units (93) (58)
Cash paid for purchases of treasury stock (408) (272)
Dividends and dividend rights paid (374) (305)
Other (7) (1)
Net cash used in financing activities (641) (469)
Effect of exchange rates on cash, cash equivalents, restricted cash, and restricted cash equivalents (6) (7)
Net increase in cash, cash equivalents, restricted cash, and restricted cash equivalents 1,498 1,132
Cash, cash equivalents, restricted cash, and restricted cash equivalents at beginning of period 1,631 701
Cash, cash equivalents, restricted cash, and restricted cash equivalents at end of period $ 3,129 $ 1,833