|
|
(in millions)
|
|
| year ended june 30 |
1995
 |
1996
|
1997
|
 |
| Cash flows from operations |
|
|
|
| |
Net income |
$ 1,453
|
$ 2,195
|
$ 3,454
|
| |
Depreciation and amortization |
269
|
480
|
557
|
| |
Unearned revenue |
69
|
983
|
1,601
|
| |
Recognition of unearned |
|
|
|
| |
revenue from prior periods |
(54)
|
(477)
|
(743)
|
| |
Other current liabilities |
404
|
584
|
321
|
| |
Accounts receivable |
(91)
|
(71)
|
(336)
|
| |
Other current assets |
(60)
 |
25
|
(165)
|
| |
Net cash from operations |
1,990
|
3,719
|
4,689
|
| |
| Cash flows used for financing |
|
|
|
| |
Common stock issued |
332
|
504
|
744
|
| |
Common stock repurchased |
(698)
|
(1,385)
|
(3,101)
|
| |
Put warrant proceeds |
49
|
124
|
95
|
| |
Preferred stock issued |
-
|
-
|
980
|
| |
Preferred stock dividends |
-
|
-
|
(15)
|
| |
Stock option income tax benefits |
179
|
352
|
796
|
| |
Net cash used for financing |
(138)
|
(405)
|
(501)
|
| |
| Cash flows used for investments |
|
|
|
| |
Additions to property, plant, |
|
|
|
| |
and equipment |
(495)
|
(494)
|
(499)
|
| |
Equity investments and other |
(230)
|
(625)
|
(1,669)
|
| |
Short-term investments |
(651)
|
(1,551)
|
(921)
|
| |
Net cash used for investments |
(1,376)
|
(2,670)
|
(3,089)
|
| Net change in cash and equivalents |
476
|
644
|
1,099
|
| Effect of exchange rates |
|
|
|
| on cash and equivalents |
9
|
(5)
|
6
|
| Cash and equivalents, |
|
|
|
| beginning of year |
1,477
|
1,962
|
2,601
|
| Cash and equivalents, |
|
|
|
| end of year |
1,962
|
2,601
|
3,706
|
| Short-term investments |
2,788
|
4,339
|
5,260
|
| Cash and short-term investments |
$ 4,750
 |
$ 6,940
|
$ 8,966
|
| |
see accompanying notes |
|
|
|
| |
| Cash flows from operations |
 |
 |
 |
|
|
