Earnings Release FY22 Q1

Table Power BI

Cash Flows Statements
(In millions) (Unaudited)		Three Months Ended September 30,
(In millions) (Unaudited)		2021	2020
	Operations
	Net income	$ 20,505	$ 13,893
	Adjustments to reconcile net income to net cash from operations:
	Depreciation, amortization, and other	3,212	2,645
	Stock-based compensation expense	1,702	1,456
	Net recognized gains on investments and derivatives	(364)	(128)
	Deferred income taxes	(5,970)	(11)
	Changes in operating assets and liabilities:
	Accounts receivable	10,486	8,843
	Inventories	(777)	(808)
	Other current assets	940	(54)
	Other long-term assets	(598)	(62)
	Accounts payable	(471)	315
	Unearned revenue	(2,885)	(3,064)
	Income taxes	2,653	(983)
	Other current liabilities	(4,143)	(2,951)
	Other long-term liabilities	250	244
	Net cash from operations	24,540	19,335
	Financing
	Repayments of debt	(4,826)	0
	Common stock issued	612	545
	Common stock repurchased	(7,684)	(6,743)
	Common stock cash dividends paid	(4,206)	(3,856)
	Other, net	(172)	(235)
	Net cash used in financing	(16,276)	(10,289)
	Investing
	Additions to property and equipment	(5,810)	(4,907)
	Acquisition of companies, net of cash acquired, and purchases of intangible and other assets	(1,206)	(481)
	Purchases of investments	(10,309)	(14,580)
	Maturities of investments	8,862	14,266
	Sales of investments	5,630	2,414
	Other, net	(417)	(2,083)
	Net cash used in investing	(3,250)	(5,371)
	Effect of foreign exchange rates on cash and cash equivalents	(73)	(46)
	Net change in cash and cash equivalents	4,941	3,629
	Cash and cash equivalents, beginning of period	14,224	13,576
	Cash and cash equivalents, end of period	$ 19,165	$ 17,205

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