| May'19 | May'18 | May'17 | May'16 | May'15 | May'14 | May'13 | May'12 | May'11 | May'10 | May'09 | May'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash provided (used) by operations: | |||||||||||
Net income | |||||||||||
4,029 | 1,933 | 4,240 | 3,760 | 3,273 | 2,693 | 2,472 | 2,211 | 2,133 | 1,907 | 1,487 | 1,883 |
Adjustments to reconcile net income to net cash provided (used) by operations: | |||||||||||
Depreciation | |||||||||||
705 | 747 | 706 | 649 | 606 | 518 | 438 | 373 | 335 | 324 | 335 | 303 |
Deferred income taxes | |||||||||||
34 | 647 | -273 | -80 | -113 | -11 | 20 | -59 | -76 | 8 | -294 | -300 |
Share-based Payment Arrangement, Noncash Expense | |||||||||||
325 | 218 | 215 | 236 | 191 | 177 | 174 | 130 | 105 | 159 | 171 | 141 |
Impairment of goodwill, intangibles and other assets (Note 4) | |||||||||||
- | - | - | - | - | - | - | - | - | - | 401 | - |
Amortization and other | |||||||||||
15 | 27 | 10 | 13 | 43 | 68 | 64 | 23 | 23 | 72 | 48 | 17 |
Net foreign currency adjustments | |||||||||||
-233 | 99 | 117 | -98 | -424 | -56 | -66 | - | - | - | - | - |
Net gain on divestitures | |||||||||||
- | - | - | - | - | - | 124 | 0 | 0 | - | - | 60 |
Changes in certain working capital components and other assets and liabilities: | |||||||||||
(Increase) decrease in accounts receivable | |||||||||||
270 | -187 | 426 | -60 | 216 | 298 | -142 | 323 | 273 | -182 | 238 | 118 |
(Increase) decrease in inventories | |||||||||||
490 | 255 | 231 | 590 | 621 | 505 | 219 | 815 | 551 | -285 | -32 | 249 |
(Increase) decrease in prepaid expenses, operating lease right-of-use assets and other current and non-current assets | |||||||||||
203 | -35 | 120 | 161 | 144 | 210 | 28 | 141 | 35 | 70 | -14 | 11 |
Increase (decrease) in accounts payable, accrued liabilities, operating lease liabilities and other current and non-current liabilities | |||||||||||
1,525 | 1,515 | -158 | -586 | 1,237 | 525 | 27 | 425 | 151 | 297 | -220 | 330 |
Cash provided (used) by operations | |||||||||||
5,903 | 4,955 | 3,846 | 3,399 | 4,680 | 3,013 | 3,032 | 1,824 | 1,812 | 3,164 | 1,736 | 1,936 |
Cash provided (used) by investing activities: | |||||||||||
Purchases of short-term investments | |||||||||||
2,937 | 4,783 | 5,928 | 5,367 | 4,936 | 5,386 | 4,133 | 3,245 | 7,616 | 3,724 | 2,909 | 1,865 |
Maturities of short-term investments | |||||||||||
1,715 | 3,613 | 3,623 | 2,924 | 3,655 | 3,932 | 1,663 | 2,663 | 4,313 | 2,334 | 1,280 | - |
Sales of short-term investments | |||||||||||
2,072 | 2,496 | 2,423 | 2,386 | 2,216 | 1,126 | 1,330 | 1,721 | 2,766 | 453 | 1,110 | - |
Investments in reverse repurchase agreements | |||||||||||
- | - | - | 150 | -150 | 0 | 0 | - | - | - | - | - |
Maturities and sales of short-term investments | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 2,246 |
Additions to property, plant and equipment | |||||||||||
1,119 | 1,028 | 1,105 | 1,143 | 963 | 880 | 598 | 563 | 432 | 335 | 456 | 449 |
Disposals of property, plant and equipment | |||||||||||
5 | 3 | 13 | 10 | 3 | 3 | 14 | 2 | 1 | 10 | 33 | 1 |
Acquisition of subsidiary, net of cash acquired (Note 4) | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 571 |
Proceeds from divestitures | |||||||||||
- | - | - | - | - | - | 786 | 0 | 0 | - | - | 246 |
Other investing activities | |||||||||||
0 | 25 | 34 | -6 | 0 | 2 | 2 | 14 | 30 | 11 | 47 | 21 |
Settlement of net investment hedges | |||||||||||
- | - | - | - | - | - | - | -22 | 23 | -5 | -191 | 76 |
Cash provided (used) by investing activities | |||||||||||
-264 | 276 | -1,008 | -1,034 | -175 | -1,207 | -940 | 586 | -1,021 | -1,268 | -798 | -489 |
Cash provided (used) by financing activities: | |||||||||||
Net proceeds from long-term debt issuance | |||||||||||
0 | 0 | 1,482 | 981 | 0 | 0 | 986 | 0 | 0 | - | - | - |
Long-term debt payments, including current portion | |||||||||||
6 | 6 | 44 | 106 | 7 | 60 | 49 | 203 | 8 | 32 | 7 | 35 |
Increase (decrease) in notes payable | |||||||||||
-325 | 13 | 327 | -67 | -63 | 75 | 10 | -47 | 41 | -205 | 177 | 63 |
Payments on capital lease and other financing obligations | |||||||||||
27 | 23 | 17 | 7 | 19 | 17 | 0 | 0 | - | - | - | - |
Proceeds from exercise of stock options and other stock issuances | |||||||||||
700 | 733 | 489 | 507 | 514 | 383 | 313 | 468 | 345 | 364 | 187 | 343 |
Excess tax benefits from share-based payment arrangements | |||||||||||
- | - | - | - | 218 | 132 | 72 | 115 | 64 | 58 | 25 | 63 |
Repurchase of common stock | |||||||||||
4,286 | 4,254 | 3,223 | 3,238 | 2,534 | 2,628 | 1,674 | 1,814 | 1,859 | 741 | 649 | 1,248 |
Dividends — common and preferred | |||||||||||
1,332 | 1,243 | 1,133 | 1,022 | 899 | 799 | 703 | 619 | 555 | 505 | 467 | 412 |
Tax payments for net share settlement of equity awards | |||||||||||
17 | 55 | 29 | 22 | - | - | - | - | - | - | - | - |
Cash provided (used) by financing activities | |||||||||||
-5,293 | -4,835 | -2,148 | -2,974 | -2,790 | -2,914 | -1,045 | -2,100 | -1,972 | -1,061 | -734 | -1,226 |
Effect of exchange rate changes on cash and equivalents | |||||||||||
-129 | 45 | -20 | -105 | -83 | -9 | 36 | 67 | 57 | -47 | -47 | 56 |
Net increase (decrease) in cash and equivalents | |||||||||||
217 | 441 | 670 | -714 | 1,632 | -1,117 | 1,083 | 377 | -1,124 | 788 | 157 | 277 |
Supplemental disclosure of cash flow information: | |||||||||||
Interest, net of capitalized interest | |||||||||||
153 | 125 | 98 | 70 | 53 | 53 | 20 | 29 | 32 | 48 | 47 | 44 |
Income taxes | |||||||||||
757 | 529 | 703 | 748 | 1,262 | 856 | 702 | 638 | 736 | 537 | 765 | 717 |
Non-cash additions to property, plant and equipment | |||||||||||
160 | 294 | 266 | 252 | 206 | 167 | 137 | 99 | - | - | - | - |
Dividends declared and not paid | |||||||||||
- | - | - | - | - | - | - | - | - | - | 121 | 112 |