FY24 Q4 - Cash Flows - Investor Relations

Earnings Release FY24 Q4

Cash Flows Statements
(In millions)		Year Ended June 30,
(In millions)		2024	2023	2022
	Operations
	Net income	$ 88,136	$ 72,361	$ 72,738
	Adjustments to reconcile net income to net cash from operations:
	Depreciation, amortization, and other	22,287	13,861	14,460
	Stock-based compensation expense	10,734	9,611	7,502
	Net recognized losses (gains) on investments and derivatives	305	196	(409)
	Deferred income taxes	(4,738)	(6,059)	(5,702)
	Changes in operating assets and liabilities:
	Accounts receivable	(7,191)	(4,087)	(6,834)
	Inventories	1,284	1,242	(1,123)
	Other current assets	(1,648)	(1,991)	(709)
	Other long-term assets	(6,817)	(2,833)	(2,805)
	Accounts payable	3,545	(2,721)	2,943
	Unearned revenue	5,348	5,535	5,109
	Income taxes	1,687	(358)	696
	Other current liabilities	4,867	2,272	2,344
	Other long-term liabilities	749	553	825
	Net cash from operations	118,548	87,582	89,035
	Financing
	Proceeds from issuance of debt, maturities of 90 days or less, net	5,250	0	0
	Proceeds from issuance of debt	24,395	0	0
	Repayments of debt	(29,070)	(2,750)	(9,023)
	Common stock issued	2,002	1,866	1,841
	Common stock repurchased	(17,254)	(22,245)	(32,696)
	Common stock cash dividends paid	(21,771)	(19,800)	(18,135)
	Other, net	(1,309)	(1,006)	(863)
	Net cash used in financing	(37,757)	(43,935)	(58,876)
	Investing
	Additions to property and equipment	(44,477)	(28,107)	(23,886)
	Acquisition of companies, net of cash acquired, and purchases of intangible and other assets	(69,132)	(1,670)	(22,038)
	Purchases of investments	(17,732)	(37,651)	(26,456)
	Maturities of investments	24,775	33,510	16,451
	Sales of investments	10,894	14,354	28,443
	Other, net	(1,298)	(3,116)	(2,825)
	Net cash used in investing	(96,970)	(22,680)	(30,311)
	Effect of foreign exchange rates on cash and cash equivalents	(210)	(194)	(141)
	Net change in cash and cash equivalents	(16,389)	20,773	(293)
	Cash and cash equivalents, beginning of period	34,704	13,931	14,224
	Cash and cash equivalents, end of period	$ 18,315	$ 34,704	$ 13,931

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