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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
May 31, 2024
May 31, 2023
May 31, 2022
Cash flows from operating activities:      
Net income $ 10,467 $ 8,503 $ 6,717
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 3,129 2,526 1,972
Amortization of intangible assets 3,010 3,582 1,150
Deferred income taxes (2,139) (2,167) (1,146)
Stock-based compensation 3,974 3,547 2,613
Other, net 720 661 220
Changes in operating assets and liabilities, net of effects from acquisitions:      
Increase in trade receivables, net (965) (151) (874)
Decrease in prepaid expenses and other assets 542 317 11
Decrease in accounts payable and other liabilities (594) (281) (733)
Decrease in income taxes payable (127) (153) (398)
Increase in deferred revenues 656 781 7
Net cash provided by operating activities 18,673 17,165 9,539 CloseClose
Cash flows from investing activities:      
Purchases of marketable securities and other investments (1,003) (1,181) (10,272)
Proceeds from sales and maturities of marketable securities and other investments 572 1,113 26,151
Acquisitions, net of cash acquired (63) (27,721) (148)
Capital expenditures (6,866) (8,695) (4,511)
Net cash (used for) provided by investing activities (7,360) (36,484) 11,220 CloseClose
Cash flows from financing activities:      
Payments for repurchases of common stock (1,202) (1,300) (16,248)
Proceeds from issuances of common stock 742 1,192 482
Shares repurchased for tax withholdings upon vesting of restricted stock-based awards (2,040) (1,203) (1,093)
Payments of dividends to stockholders (4,391) (3,668) (3,457)
(Repayments of) proceeds from issuances of commercial paper, net (167) 500 0
Proceeds from issuances of senior notes and other borrowings, net of issuance costs 0 33,494 0
Repayments of senior notes and other borrowings (3,500) (21,050) (8,250)
Other, net 4 (55) (560)
Net cash (used for) provided by financing activities (10,554) 7,910 (29,126)
Effect of exchange rate changes on cash and cash equivalents (70) (209) (348) CloseClose
Net increase (decrease) in cash and cash equivalents 689 (11,618) (8,715) CloseClose
Cash and cash equivalents at beginning of period 9,765 21,383 30,098
Cash and cash equivalents at end of period 10,454 9,765 21,383
Non-cash investing activities:      
Unpaid capital expenditures 1,637 588 731
Supplemental schedule of cash flow data:      
Cash paid for income taxes 3,560 3,009 2,567
Cash paid for interest $ 3,655 $ 3,250 $ 2,735