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| Cash Flows Statements |
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| In millions |
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| Year Ended June 30 |
1998 |
|
1999 |
|
2000 |
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| Operations |
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Net income |
$ 4,490 |
|
$ 7,785 |
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$ 9,421 |
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Depreciation, amortization, and other noncash items |
1,024 |
|
926 |
|
748 |
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Write-off of acquired in-process technology |
296 |
|
— |
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— |
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Gain on sales |
— |
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(160 |
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(156 |
) |
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Stock option income tax benefits |
1,553 |
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3,107 |
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5,535 |
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Unearned revenue |
3,268 |
|
5,877 |
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6,177 |
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Recognition of unearned revenue from prior periods |
(1,798 |
) |
(4,526 |
) |
(5,600 |
) |
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Other current liabilities |
208 |
|
1,050 |
|
(445 |
) |
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Accounts receivable |
(520 |
) |
(687 |
) |
(944 |
) |
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Other current assets |
(88 |
) |
(235 |
) |
(775 |
) |
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Net cash from operations |
8,433 |
|
13,137 |
|
13,961 |
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| Financing |
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Common stock issued |
959 |
|
1,350 |
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2,245 |
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Common stock repurchased |
(2,468 |
) |
(2,950 |
) |
(4,896 |
) |
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Put warrant proceeds |
538 |
|
766 |
|
472 |
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Preferred stock dividends |
(28 |
) |
(28 |
) |
(13 |
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Net cash used for financing |
(999 |
) |
(862 |
) |
(2,192 |
) |
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| Investing |
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Additions to property and equipment |
(656 |
) |
(583 |
) |
(879 |
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Cash portion of WebTV purchase price |
(190 |
) |
— |
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— |
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Cash proceeds from sale of Softimage, Inc. |
— |
|
79 |
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— |
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Purchases of investments |
(19,114 |
) |
(36,441 |
) |
(43,158 |
) |
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Maturities of investments |
1,890 |
|
4,674 |
|
4,025 |
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Sales of investments |
10,798 |
|
21,080 |
|
28,085 |
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Net cash used for investing |
(7,272 |
) |
(11,191 |
) |
(11,927 |
) |
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| Net change in cash and equivalents |
162 |
|
1,084 |
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(158 |
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| Effect of exchange rates on cash and equivalents |
(29 |
) |
52 |
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29 |
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| Cash and equivalents, beginning of year |
3,706 |
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3,839 |
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4,975 |
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| Cash and equivalents, end of year |
$ 3,839 |
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$ 4,975 |
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$ 4,846 |
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Download Cash Flows Statements as a Microsoft Excel file (35Kb)
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