| Feb'20 | Nov'19 | Aug'19 | May'19 | Feb'19 | Nov'18 | Aug'18 | May'18 | Feb'18 |
|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||
Net income | ||||||||
385 | 847 | 715 | 691 | 471 | 1,115 | 1,196 | 3,733 | 6,566 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
Amortization of intangible and right-of-use assets | ||||||||
1,582 | 1,309 | 1,309 | 1,305 | 1,316 | 836 | 836 | 836 | 1,058 |
Depreciation | ||||||||
146 | 143 | 141 | 142 | 143 | 132 | 129 | 128 | 126 |
Stock-based compensation | ||||||||
545 | 544 | 632 | 544 | 465 | 317 | 315 | 296 | 299 |
Deferred taxes and other non-cash taxes | ||||||||
-72 | -226 | -235 | -94 | -379 | 242 | 22 | -2,702 | -5,832 |
Non-cash restructuring, impairment and disposal charges | ||||||||
11 | 20 | 15 | 6 | 92 | 8 | 3 | 5 | 5 |
Non-cash interest expense | ||||||||
35 | 40 | 23 | 14 | 13 | 6 | 6 | 6 | 6 |
Other | ||||||||
-19 | 44 | 21 | 39 | 21 | -15 | -5 | -14 | -3 |
Changes in assets and liabilities, net of acquisitions and disposals: | ||||||||
Trade accounts receivable, net | ||||||||
392 | -285 | 60 | -193 | -68 | 312 | 262 | 277 | -199 |
Inventory | ||||||||
-40 | -217 | 57 | -40 | -50 | -92 | -19 | -56 | -250 |
Accounts payable | ||||||||
117 | -147 | 244 | 30 | -169 | 28 | -41 | 91 | -403 |
Employee compensation and benefits | ||||||||
-217 | 66 | 104 | -6 | -458 | 93 | 205 | 84 | -376 |
Contributions to defined benefit pension plans | ||||||||
- | - | - | - | - | 0 | 1 | 0 | 129 |
Other current assets and current liabilities | ||||||||
-346 | 398 | 354 | 37 | -506 | -163 | 148 | -70 | -284 |
Other long-term assets and long-term liabilities | ||||||||
223 | 177 | 37 | 122 | -35 | 206 | 37 | 27 | 371 |
Net cash provided by operating activities | ||||||||
2,322 | 2,479 | 2,419 | 2,667 | 2,132 | 2,635 | 2,247 | 2,313 | 1,685 |
Cash flows from investing activities: | ||||||||
Acquisitions of businesses, net of cash acquired | ||||||||
10,870 | 0 | 6 | 0 | 16,027 | 7 | 7 | 0 | 4,786 |
Proceeds from sales of businesses | ||||||||
0 | 0 | 0 | 0 | 957 | -9 | 0 | 0 | 782 |
Purchases of property, plant and equipment | ||||||||
108 | 96 | 112 | 125 | 99 | 106 | 120 | 189 | 220 |
Proceeds from disposals of property, plant and equipment | ||||||||
- | - | - | - | - | 1 | 0 | 1 | 237 |
Purchases of investments | ||||||||
- | - | - | - | - | 0 | 0 | 5 | 244 |
Other | ||||||||
9 | -2 | 1 | -21 | 24 | -3 | 47 | 16 | -4 |
Net cash used in investing activities | ||||||||
-10,987 | -88 | -35 | -106 | -15,193 | -118 | -174 | -155 | -4,227 |
Cash flows from financing activities: | ||||||||
Proceeds from long-term borrowings | ||||||||
15,381 | 0 | 0 | 10,897 | 17,896 | 0 | 0 | 0 | 0 |
Repayment of debt | ||||||||
4,537 | 4,800 | 0 | 12,000 | 0 | 117 | 0 | 0 | 856 |
Payment of debt issuance costs | ||||||||
- | - | - | - | - | - | 0 | 0 | 0 |
Other borrowings, net | ||||||||
718 | -104 | -230 | 1,044 | 531 | 0 | 0 | 0 | 0 |
Payment of dividends | ||||||||
1,372 | 1,054 | 1,057 | 1,057 | 1,067 | 723 | 754 | 766 | 755 |
Repurchases of common stock - repurchase program | ||||||||
0 | 433 | 736 | 830 | 3,436 | 1,533 | 5,378 | 347 | 0 |
Shares repurchased for tax withholdings on vesting of equity awards | ||||||||
169 | 154 | 241 | 500 | 77 | 21 | 33 | 2 | 0 |
Issuance of common stock | ||||||||
37 | 59 | 11 | 121 | 62 | 59 | 39 | 80 | 34 |
Other | ||||||||
-4 | -37 | 3 | 45 | -47 | -26 | 2 | -12 | -9 |
Net cash provided by financing activities | ||||||||
10,054 | -2,798 | -2,250 | -2,326 | 13,862 | -2,361 | -6,124 | -1,047 | -1,586 |
Net change in cash and cash equivalents | ||||||||
1,389 | -407 | 134 | 235 | 801 | 156 | -4,051 | 1,111 | -4,128 |