| May'19 | May'18 | May'17 | May'16 | May'15 | May'14 | May'13 | May'12 | May'11 | May'10 | May'09 | May'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities: | |||||||||||
Net income | |||||||||||
540 | 4,572 | 2,997 | 1,820 | 1,050 | 2,324 | 2,716 | 2,032 | 1,452 | 1,184 | 98 | 1,125 |
Adjustments to reconcile net income to cash provided by operating activities: | |||||||||||
Depreciation and amortization | |||||||||||
3,353 | 3,095 | 2,995 | 2,631 | 2,611 | 2,587 | 2,386 | 2,113 | 1,973 | 1,958 | 1,975 | 1,946 |
Retirement plans mark-to-market adjustment | |||||||||||
3,882 | -10 | -24 | 1,498 | 2,190 | 15 | -1,368 | - | - | - | - | - |
Gain from sale of business | |||||||||||
8 | 85 | - | - | - | - | - | - | - | - | - | - |
Gain from sale of investment | |||||||||||
- | - | 35 | - | - | - | - | - | - | - | - | - |
Business realignment costs | |||||||||||
101 | - | - | - | - | - | - | - | - | - | - | - |
Asset impairment charges | |||||||||||
- | 380 | - | - | 246 | - | 479 | 134 | 29 | 18 | 1,103 | 882 |
Provision for uncollectible accounts | |||||||||||
295 | 246 | 136 | 121 | 145 | 130 | 167 | 160 | 152 | 124 | 181 | 134 |
Stock-based compensation | |||||||||||
174 | 167 | 154 | 144 | 133 | 117 | 109 | 105 | 98 | 101 | 99 | 101 |
Deferred income taxes and other noncash items | |||||||||||
-233 | -231 | 909 | 31 | -572 | 339 | 734 | 1,126 | 669 | 331 | 299 | 124 |
Changes in assets and liabilities: | |||||||||||
Receivables | |||||||||||
873 | 1,049 | 556 | 199 | 392 | -516 | -451 | -254 | -400 | -906 | 762 | -447 |
Other assets | |||||||||||
25 | 135 | -78 | 234 | -25 | -22 | 257 | -231 | -114 | 276 | -196 | -237 |
Pension and postretirement healthcare assets and liabilities, net | |||||||||||
-909 | -2,345 | -1,688 | -346 | -692 | -453 | -335 | -453 | -169 | -611 | -913 | -273 |
Accounts payable and other liabilities | |||||||||||
-571 | 141 | 103 | 467 | 659 | -235 | 10 | 144 | 370 | 710 | -628 | 190 |
Other, net | |||||||||||
113 | 72 | 139 | 225 | 37 | -22 | -16 | -41 | -19 | -47 | -27 | -80 |
Cash provided by operating activities | |||||||||||
5,613 | 4,674 | 4,930 | 5,708 | 5,366 | 4,264 | 4,688 | 4,835 | 4,041 | 3,138 | 2,753 | 3,465 |
Investing Activities: | |||||||||||
Capital expenditures | |||||||||||
5,490 | 5,663 | 5,116 | 4,818 | 4,347 | 3,533 | 3,375 | 4,007 | 3,434 | 2,816 | 2,459 | 2,947 |
Business acquisitions, net of cash acquired | |||||||||||
66 | 179 | - | 4,618 | 1,429 | 36 | 483 | 116 | 96 | - | - | - |
Proceeds from sale of business | |||||||||||
- | 123 | - | - | - | - | - | - | - | - | - | - |
Proceeds from asset dispositions and other | |||||||||||
-83 | -42 | -135 | 10 | -24 | 18 | 55 | 74 | 111 | 35 | 76 | 50 |
Cash used in investing activities | |||||||||||
-5,473 | -5,677 | -4,981 | -9,446 | -5,752 | -3,551 | -3,803 | -4,049 | -3,419 | -2,781 | -2,383 | -2,897 |
Financing Activities: | |||||||||||
Principal payments on debt | |||||||||||
1,436 | 38 | 82 | 41 | 5 | 254 | 417 | 29 | 262 | 653 | 501 | 639 |
Proceeds from debt issuances | |||||||||||
2,463 | 1,480 | 1,190 | 6,519 | 2,491 | 1,997 | 1,739 | - | - | - | 1,000 | - |
Proceeds from stock issuances | |||||||||||
101 | 327 | 337 | 183 | 320 | 557 | 280 | 128 | 108 | 94 | 41 | 108 |
Excess tax benefit on the exercise of stock options | |||||||||||
- | - | - | - | - | 44 | 23 | 18 | 23 | 25 | 4 | 38 |
Dividends paid | |||||||||||
683 | 535 | 426 | 277 | 227 | 187 | 177 | 164 | 151 | 138 | 137 | 124 |
Purchase of treasury stock | |||||||||||
1,480 | 1,017 | 509 | 2,722 | 1,254 | 4,857 | 246 | 197 | - | - | - | - |
Other, net | |||||||||||
-4 | 10 | 18 | -51 | 24 | -19 | -18 | - | -5 | -20 | -7 | - |
Cash provided by financing activities | |||||||||||
-1,039 | 227 | 528 | 3,611 | 1,349 | -2,719 | 1,184 | -244 | -287 | -692 | 400 | -617 |
Effect of exchange rate changes on cash | |||||||||||
-47 | 72 | -42 | -102 | -108 | -3 | 5 | -27 | 41 | -5 | -17 | 19 |
Net decrease in cash and cash equivalents | |||||||||||
-946 | -704 | 435 | -229 | 855 | -2,009 | 2,074 | 515 | 376 | -340 | 753 | -30 |