Medtronic plc (MDT)
CashFlow / Quarterly
Jan'20Oct'19Jul'19Apr'19Jan'19Oct'18Jul'18Apr'18Jan'18Oct'17Jul'17Apr'17Jan'17Oct'16Jul'16Apr'16Jan'16Oct'15Jul'15Apr'15Jan'15Oct'14Jul'14
Operating Activities:
Net income

1,919

1,371

877

1,182

1,271

1,120

1,077

1,465

-1,392

2,013

1,009

1,164

820

1,111

929

1,103

1,095

520

820

1,841

-865

828

871

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

663

671

657

667

675

651

666

664

666

678

636

718

730

732

737

708

715

696

701

677

206

208

215

Amortization of debt premium, discount, and issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

7

7

7

7

7

8

7

-

-

-

-

Acquisition-related items

-

-

-

-

-

-

-

-

-

-

-

-

4

-42

-5

2

-6

-10

232

632

-4

4

2

Provision for doubtful accounts

23

19

25

23

23

17

15

16

16

10

10

8

13

9

9

6

13

20

10

10

8

9

8

Deferred income taxes

-548

-263

18

-99

-125

-83

3

123

-212

-888

58

-55

-354

-82

32

-169

-17

-115

-159

-906

41

-159

98

Stock-based compensation

66

108

61

62

60

104

64

74

72

106

92

76

82

111

79

84

82

113

96

324

33

48

34

Loss on debt extinguishment

0

0

-406

-457

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

-21

-61

-58

-146

-56

-52

-3

-61

-53

36

5

15

8

20

85

64

32

46

39

38

88

-1

9

Change in operating assets and liabilities, net of acquisitions and divestitures:
Accounts receivable, net

158

280

-319

441

103

175

-138

294

-87

-20

88

93

-107

285

-196

521

-87

280

-279

353

-4

158

-94

Inventories, net

79

145

122

-93

55

132

180

-126

45

109

164

-34

74

86

101

-202

62

119

207

37

75

74

96

Accounts payable and accrued liabilities

397

335

-629

188

187

-61

85

52

320

85

-392

324

338

-8

-298

-556

546

55

-424

975

-152

189

-163

Other operating assets and liabilities

-103

10

160

191

-66

330

169

1,287

-2,210

275

419

410

-420

-25

-50

4

472

-481

408

-644

74

-56

-17

Certain litigation charges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

26

0

-

-

-

-

Certain litigation payments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

159

70

92

-

6

39

761

Net cash provided by operating activities

2,407

1,867

1,510

2,087

2,055

1,163

1,702

1,038

2,002

907

737

1,773

2,085

1,472

1,550

1,326

1,797

1,279

816

4,592

-913

913

310

Investing Activities:
Acquisitions, net of cash acquired

-2

56

145

212

1,496

15

104

26

35

76

0

-4

22

1,294

12

81

135

818

179

14,273

33

432

146

Additions to property, plant, and equipment

293

283

301

335

302

206

291

292

252

246

278

330

326

268

330

353

247

222

224

255

106

101

109

Purchases of investments

4,023

2,557

1,669

545

543

462

982

721

794

1,070

615

1,017

1,244

1,066

1,044

897

1,139

1,519

1,851

2,255

2,303

1,424

1,600

Sales and maturities of investments

2,531

1,691

1,569

524

1,335

804

2,020

1,167

706

1,383

971

1,070

661

2,521

1,104

5,907

1,265

1,486

1,266

1,539

1,686

812

1,853

Other investing activities

18

11

5

-39

3

0

0

17

3

7

-5

-1

11

-34

2

3

-2

15

-2

-29

-66

2

4

Net cash provided by (used in) investing activities

-1,801

-1,216

-551

-529

-1,009

121

643

111

-378

6,042

83

-272

-942

-73

-284

4,573

-254

-1,088

-986

-15,215

-690

-1,147

-6

Financing Activities:
Acquisition-related contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

22

25

11

1

2

16

3

80

0

0

5

Change in current debt obligations, net

-25

-46

88

-17

4

-195

-505

142

-201

-759

569

-212

-36

228

926

-1,216

-54

848

429

-8

-1,604

749

862

Issuance of long-term debt

0

1

5,567

7,791

2

1

0

0

1

2

18

2,009

0

98

33

0

0

0

0

-

-

-

-

Payments on long-term debt

12

559

5,035

7,919

12

5

12

3,203

6

4,153

8

502

109

235

17

3,520

4

604

1,004

1,255

6

4

3

Dividends to shareholders

723

723

724

671

671

674

677

624

623

622

625

594

590

593

599

531

533

537

538

435

300

298

304

Issuance of ordinary shares

153

222

210

101

91

350

450

70

103

87

143

119

49

46

214

131

97

165

98

494

-157

158

154

Repurchase of ordinary shares

246

629

333

149

681

1,223

824

207

76

655

1,233

135

615

1,031

1,763

660

710

710

750

300

0

555

1,065

Other financing activities

-20

-7

-47

4

-1

16

-5

-6

-47

-36

-5

-54

6

17

57

22

11

25

24

33

-98

28

6

Net cash provided by (used in) financing activities

-873

-1,741

-274

-860

-1,268

-1,730

-1,573

-3,828

-849

-6,136

-1,141

687

-1,319

-1,491

-1,160

-5,866

-1,152

-781

-1,744

16,303

-227

228

-355

Effect of exchange rate changes on cash and cash equivalents

14

-28

2

-8

14

-23

-61

-10

54

25

45

11

-10

-14

78

122

-48

-11

50

-236

-58

-43

-16

Net change in cash and cash equivalents

-253

-1,118

687

690

-208

-469

711

-2,689

829

838

-276

2,199

-186

-106

184

155

343

-601

-1,864

3,506

49

-49

-67

Supplemental Cash Flow Information
Cash paid for:
Income taxes

145

296

198

352

265

593

348

1,631

237

257

417

555

216

143

115

143

215

385

636

186

89

211

146

Interest

26

236

86

433

58

427

55

496

64

519

68

508

67

491

68

559

55

576

76

357

-29

228

22