| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net income | ||||||||||||
9,431 | 8,728 | 5,753 | 11,872 | 13,190 | 12,022 | 16,483 | 16,604 | 15,855 | 14,833 | 13,425 | 12,334 | 10,418 |
(Income)/loss from discontinued operations | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 0 |
Adjustments to reconcile net income to cash provided by operating activities | ||||||||||||
Depreciation | ||||||||||||
4,209 | 3,127 | 3,021 | 2,837 | 2,662 | 3,145 | 3,327 | 3,392 | 3,589 | 3,657 | 3,773 | 4,140 | 4,038 |
Amortization of intangibles | ||||||||||||
1,850 | 1,353 | 1,520 | 1,544 | 1,193 | 1,347 | 1,351 | 1,284 | 1,226 | 1,174 | 1,221 | 1,310 | 1,163 |
Stock-based compensation | ||||||||||||
679 | 510 | 534 | 544 | 468 | 512 | 614 | 688 | 697 | 629 | 558 | 659 | 713 |
Deferred taxes | ||||||||||||
-1,527 | 853 | -931 | -1,132 | 1,387 | -237 | -1,610 | 797 | 1,212 | 1,294 | 1,773 | 1,900 | 740 |
Net (gain)/loss on asset sales and other | ||||||||||||
1,096 | -123 | -14 | -62 | -481 | 1,535 | 236 | 729 | 342 | 801 | 395 | 338 | 89 |
Loss on microelectronics business disposal | ||||||||||||
- | - | - | - | -71 | -3,381 | - | - | - | - | - | - | - |
Change in operating assets and liabilities, net of acquisitions/divestitures | ||||||||||||
Receivables (including financing receivables) | ||||||||||||
-502 | -1,006 | -1,297 | -712 | -812 | -1,270 | 1,407 | 2,230 | 1,279 | 489 | -2,131 | -274 | 1,408 |
Retirement related | ||||||||||||
-301 | -1,368 | -1,014 | -54 | 22 | 655 | -294 | 1,008 | 1,371 | 1,963 | 2,465 | 1,773 | 228 |
Inventory | ||||||||||||
-67 | 127 | -18 | 14 | -133 | 39 | 57 | -280 | 163 | -92 | -263 | 102 | -182 |
Other assets/other liabilities | ||||||||||||
-858 | 1,819 | -4,437 | -408 | 3,200 | 1,886 | 747 | -733 | 28 | -949 | -319 | -1,268 | -706 |
Accounts payable | ||||||||||||
-503 | 126 | 47 | 197 | 81 | -456 | -529 | -224 | 451 | 174 | 170 | -860 | -142 |
Net cash provided by operating activities | ||||||||||||
14,770 | 15,247 | 16,724 | 17,084 | 17,255 | 16,868 | 17,485 | 19,586 | 19,846 | 19,549 | 20,773 | 18,812 | 16,094 |
Payments for property, plant and equipment | ||||||||||||
2,286 | 3,395 | 3,229 | 3,567 | 3,579 | 3,740 | 3,623 | 4,082 | 4,108 | 4,185 | 3,447 | 4,171 | 4,630 |
Proceeds from disposition of property, plant and equipment | ||||||||||||
537 | 248 | 460 | 424 | 370 | 404 | 372 | 410 | 608 | 770 | 330 | 350 | 537 |
Investment in software | ||||||||||||
621 | 569 | 544 | 583 | 572 | 443 | 517 | 635 | 559 | 569 | 630 | 716 | 875 |
Acquisition of businesses, net of cash acquired | ||||||||||||
32,630 | 139 | 496 | 5,696 | 3,349 | 656 | 3,056 | 3,722 | 1,811 | 5,922 | 1,194 | 6,313 | 1,009 |
Divestiture of businesses, net of cash transferred | ||||||||||||
1,076 | - | -205 | -454 | -401 | 2,357 | 297 | 599 | 14 | 55 | 400 | 71 | 310 |
Non-operating finance receivables - net | ||||||||||||
6,720 | -503 | -2,028 | -891 | -398 | -1,078 | -1,063 | -608 | -291 | -405 | -184 | -16 | 125 |
Purchases of marketable securities and other investments | ||||||||||||
3,693 | 7,041 | 4,949 | 5,853 | 3,073 | 2,338 | 4,608 | 4,109 | 1,594 | 6,129 | 5,604 | 4,590 | 24,117 |
Proceeds from disposition of marketable securities and other investments | ||||||||||||
3,961 | 6,487 | 3,910 | 5,692 | 2,842 | 2,493 | 4,873 | 3,142 | 3,345 | 7,877 | 3,599 | 6,100 | 24,984 |
Net cash provided by/(used in) investing activities | ||||||||||||
-26,936 | -4,913 | -7,081 | -10,928 | -8,159 | -3,001 | -7,326 | -9,004 | -4,396 | -8,507 | -6,729 | -9,285 | -4,675 |
Proceeds from new debt | ||||||||||||
31,825 | 6,891 | 9,643 | 9,132 | 5,540 | 8,180 | 16,353 | 12,242 | 9,996 | 8,055 | 6,683 | 13,829 | 21,744 |
Payments to settle debt | ||||||||||||
12,944 | 8,533 | 6,816 | 6,395 | 5,622 | 4,644 | 10,013 | 9,549 | 8,947 | 6,522 | 13,495 | 10,248 | 11,306 |
Short-term borrowings/(repayments) less than 90 days - net | ||||||||||||
-2,597 | 1,341 | 620 | 26 | 101 | -1,753 | 621 | -441 | 1,321 | 817 | -651 | -6,025 | 1,674 |
Common stock repurchases | ||||||||||||
1,361 | 4,443 | 4,340 | 3,502 | 4,609 | 13,679 | 13,859 | 11,995 | 15,046 | 15,375 | 7,429 | 10,578 | 18,828 |
Common stock repurchases for tax withholdings | ||||||||||||
272 | 171 | 193 | 126 | 248 | - | - | - | - | - | - | - | - |
Financing - other | ||||||||||||
99 | 111 | 175 | 204 | 322 | 709 | 1,074 | 1,540 | 2,453 | 3,774 | 3,052 | 3,774 | 4,123 |
Cash dividends paid | ||||||||||||
5,707 | 5,666 | 5,506 | 5,256 | 4,897 | 4,265 | 4,058 | 3,773 | 3,473 | 3,177 | 2,860 | 2,585 | 2,147 |
Net cash provided by/(used in) financing activities | ||||||||||||
9,042 | -10,469 | -6,418 | -5,917 | -9,413 | -15,452 | -9,883 | -11,976 | -13,696 | -12,429 | -14,700 | -11,834 | -4,740 |
Effect of exchange rate changes on cash, cash equivalents and restricted cash | ||||||||||||
-167 | -495 | 937 | -51 | -473 | -655 | 28 | -116 | -493 | -135 | 98 | 58 | 294 |
Net change in cash, cash equivalents and restricted cash | ||||||||||||
-3,290 | -630 | 4,161 | 188 | -790 | -2,240 | 304 | -1,511 | 1,262 | -1,522 | -558 | -2,250 | 6,969 |
Net cash used in discontinued operations from: operating activities | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | -5 |
Supplemental data | ||||||||||||
Income taxes paid - net of refunds received | ||||||||||||
2,091 | 1,745 | 1,597 | 1,078 | 2,657 | 5,748 | 4,024 | 3,169 | 4,168 | 3,238 | 1,567 | 2,111 | 2,608 |
Interest paid on debt | ||||||||||||
1,685 | 1,423 | 1,208 | 1,158 | 995 | 1,061 | 982 | 1,009 | 956 | 951 | 1,240 | 1,460 | 1,485 |
Capital lease obligations | ||||||||||||
- | - | - | - | - | - | 14 | 10 | 39 | 30 | 15 | 41 | 57 |