| Nov'19 | Nov'18 | Oct'17 | Oct'16 | |||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net income | ||||||
2,724 | 12,610 | 1,784 | -1,861 | |||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Amortization of intangible and right-of-use assets | ||||||
5,239 | 3,566 | 4,286 | 2,640 | |||
Depreciation | ||||||
569 | 515 | 451 | 402 | |||
Stock-based compensation | ||||||
2,185 | 1,227 | 921 | 679 | |||
Excess tax benefits from stock-based compensation | ||||||
- | - | - | 89 | |||
Deferred taxes and other non-cash taxes | ||||||
-934 | -8,270 | -173 | 365 | |||
Impairment on investment | ||||||
0 | -106 | 0 | 0 | |||
Non-cash portion of debt extinguishment loss | ||||||
0 | 0 | 166 | 100 | |||
Non-cash restructuring, impairment and disposal charges | ||||||
133 | 21 | 71 | 662 | |||
Non-cash interest expense | ||||||
90 | 24 | 24 | 36 | |||
Other | ||||||
125 | -37 | -7 | 6 | |||
Changes in assets and liabilities, net of acquisitions and disposals: | ||||||
Trade accounts receivable, net | ||||||
-486 | 652 | 267 | 491 | |||
Inventory | ||||||
-250 | -417 | 39 | -996 | |||
Accounts payable | ||||||
-42 | -325 | -97 | 33 | |||
Employee compensation and benefits | ||||||
-294 | 6 | 109 | 163 | |||
Contributions to defined benefit pension plans | ||||||
0 | 130 | 361 | 33 | |||
Other current assets and current liabilities | ||||||
283 | -369 | 490 | 98 | |||
Other long-term assets and long-term liabilities | ||||||
301 | 641 | -159 | 87 | |||
Net cash provided by operating activities | ||||||
9,697 | 8,880 | 6,551 | 3,411 | |||
Cash flows from investing activities: | ||||||
Acquisitions of businesses, net of cash acquired | ||||||
16,033 | 4,800 | 40 | 10,055 | |||
Proceeds from sales of businesses | ||||||
957 | 773 | 10 | 898 | |||
Purchases of property, plant and equipment | ||||||
432 | 635 | 1,069 | 723 | |||
Proceeds from disposals of property, plant and equipment | ||||||
88 | 239 | 441 | 5 | |||
Purchases of investments | ||||||
5 | 249 | 207 | 58 | |||
Proceeds from sales and maturities of investments | ||||||
5 | 54 | 200 | 104 | |||
Other | ||||||
2 | 56 | 9 | 11 | |||
Net cash used in investing activities | ||||||
-15,422 | -4,674 | -674 | -9,840 | |||
Cash flows from financing activities: | ||||||
Proceeds from long-term borrowings | ||||||
28,793 | 0 | 17,426 | 19,510 | |||
Repayment of debt | ||||||
16,800 | 973 | 13,668 | 11,317 | |||
Payment of debt issuance costs | ||||||
- | - | - | 123 | |||
Other borrowings, net | ||||||
1,241 | 0 | 0 | - | |||
Payment of dividends | ||||||
4,235 | 2,998 | 1,745 | 750 | |||
Repurchases of common stock - repurchase program | ||||||
5,435 | 7,258 | 0 | 0 | |||
Shares repurchased for tax withholdings on vesting of equity awards | ||||||
972 | 56 | 0 | - | |||
Proceeds from Issuance of Convertible Preferred Stock | ||||||
3,679 | 0 | 0 | - | |||
Issuance of common stock, net of shares withheld for employee taxes | ||||||
- | - | - | 295 | |||
Excess tax benefits from stock-based compensation | ||||||
- | - | - | 89 | |||
Issuance of common stock | ||||||
253 | 212 | 257 | - | |||
Payment of capital lease obligations | ||||||
- | - | - | 0 | |||
Other | ||||||
-36 | -45 | -40 | 0 | |||
Net cash provided by financing activities | ||||||
6,488 | -11,118 | 2,230 | 7,704 | |||
Net change in cash and cash equivalents | ||||||
763 | -6,912 | 8,107 | 1,275 | |||
Supplemental disclosure of cash flow information: | ||||||
Cash paid for interest | ||||||
1,287 | 547 | 310 | 448 | |||
Cash paid for income taxes | ||||||
741 | 512 | 349 | 242 | |||