| 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 | ||||||||
2,638 | 2,724 | 2,992 | 3,473 | 6,515 | 12,610 | 0 | 0 | 0 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
Amortization of intangible and right-of-use assets | ||||||||
5,505 | 5,239 | 4,766 | 4,293 | 3,824 | 3,566 | 0 | 0 | 0 |
Depreciation | ||||||||
572 | 569 | 558 | 546 | 532 | 515 | 0 | 0 | 0 |
Stock-based compensation | ||||||||
2,265 | 2,185 | 1,958 | 1,641 | 1,393 | 1,227 | 0 | 0 | 0 |
Deferred taxes and other non-cash taxes | ||||||||
-627 | -934 | -466 | -209 | -2,817 | -8,270 | 0 | 0 | 0 |
Non-cash restructuring, impairment and disposal charges | ||||||||
52 | 133 | 121 | 109 | 108 | 21 | 0 | 0 | 0 |
Non-cash interest expense | ||||||||
112 | 90 | 56 | 39 | 31 | 24 | 0 | 0 | 0 |
Other | ||||||||
85 | 125 | 66 | 40 | -13 | -37 | 0 | 0 | 0 |
Changes in assets and liabilities, net of acquisitions and disposals: | ||||||||
Trade accounts receivable, net | ||||||||
-26 | -486 | 111 | 313 | 783 | 652 | 0 | 0 | 0 |
Inventory | ||||||||
-240 | -250 | -125 | -201 | -217 | -417 | 0 | 0 | 0 |
Accounts payable | ||||||||
244 | -42 | 133 | -152 | -91 | -325 | 0 | 0 | 0 |
Employee compensation and benefits | ||||||||
-53 | -294 | -267 | -166 | -76 | 6 | 0 | 0 | 0 |
Contributions to defined benefit pension plans | ||||||||
- | - | - | - | - | 130 | 0 | 0 | 0 |
Other current assets and current liabilities | ||||||||
443 | 283 | -278 | -484 | -591 | -369 | 0 | 0 | 0 |
Other long-term assets and long-term liabilities | ||||||||
559 | 301 | 330 | 330 | 235 | 641 | 0 | 0 | 0 |
Net cash provided by operating activities | ||||||||
9,887 | 9,697 | 9,853 | 9,681 | 9,327 | 8,880 | 0 | 0 | 0 |
Cash flows from investing activities: | ||||||||
Acquisitions of businesses, net of cash acquired | ||||||||
10,876 | 16,033 | 16,040 | 16,041 | 16,041 | 4,800 | 0 | 0 | 0 |
Proceeds from sales of businesses | ||||||||
0 | 957 | 948 | 948 | 948 | 773 | 0 | 0 | 0 |
Purchases of property, plant and equipment | ||||||||
441 | 432 | 442 | 450 | 514 | 635 | 0 | 0 | 0 |
Proceeds from disposals of property, plant and equipment | ||||||||
- | - | - | - | - | 239 | 0 | 0 | 0 |
Purchases of investments | ||||||||
- | - | - | - | - | 249 | 0 | 0 | 0 |
Other | ||||||||
-13 | 2 | 1 | 47 | 84 | 56 | 0 | 0 | 0 |
Net cash used in investing activities | ||||||||
-11,216 | -15,422 | -15,452 | -15,591 | -15,640 | -4,674 | 0 | 0 | 0 |
Cash flows from financing activities: | ||||||||
Proceeds from long-term borrowings | ||||||||
26,278 | 28,793 | 28,793 | 28,793 | 17,896 | 0 | 0 | 0 | 0 |
Repayment of debt | ||||||||
21,337 | 16,800 | 12,117 | 12,117 | 117 | 973 | 0 | 0 | 0 |
Payment of debt issuance costs | ||||||||
- | - | - | - | - | - | 0 | 0 | 0 |
Other borrowings, net | ||||||||
1,428 | 1,241 | 1,345 | 1,575 | 531 | 0 | 0 | 0 | 0 |
Payment of dividends | ||||||||
4,540 | 4,235 | 3,904 | 3,601 | 3,310 | 2,998 | 0 | 0 | 0 |
Repurchases of common stock - repurchase program | ||||||||
1,999 | 5,435 | 6,535 | 11,177 | 10,694 | 7,258 | 0 | 0 | 0 |
Shares repurchased for tax withholdings on vesting of equity awards | ||||||||
1,064 | 972 | 839 | 631 | 133 | 56 | 0 | 0 | 0 |
Issuance of common stock | ||||||||
228 | 253 | 253 | 281 | 240 | 212 | 0 | 0 | 0 |
Other | ||||||||
7 | -36 | -25 | -26 | -83 | -45 | 0 | 0 | 0 |
Net cash provided by financing activities | ||||||||
2,680 | 6,488 | 6,925 | 3,051 | 4,330 | -11,118 | 0 | 0 | 0 |
Net change in cash and cash equivalents | ||||||||
1,351 | 763 | 1,326 | -2,859 | -1,983 | -6,912 | 0 | 0 | 0 |