FY25 Q1 - Cash Flows - Investor Relations

Earnings Release FY25 Q1

Cash Flows Statements
(In millions) (Unaudited)		Three Months Ended September 30,
(In millions) (Unaudited)		2024	2023
	Operations
	Net income	$ 24,667	$ 22,291
	Adjustments to reconcile net income to net cash from operations:
	Depreciation, amortization, and other	7,383	3,921
	Stock-based compensation expense	2,832	2,507
	Net recognized losses (gains) on investments and derivatives	(125)	14
	Deferred income taxes	(1,433)	(568)
	Changes in operating assets and liabilities:
	Accounts receivable	14,037	11,034
	Inventories	(373)	(505)
	Other current assets	(82)	(796)
	Other long-term assets	(1,761)	(2,013)
	Accounts payable	(916)	1,214
	Unearned revenue	(5,553)	(4,126)
	Income taxes	1,016	1,425
	Other current liabilities	(5,479)	(4,106)
	Other long-term liabilities	(33)	291
	Net cash from operations	34,180	30,583
	Financing
	Proceeds from issuance (repayments) of debt, maturities of 90 days or less, net	(5,746)	18,692
	Proceeds from issuance of debt	0	7,073
	Repayments of debt	(966)	(1,500)
	Common stock issued	706	685
	Common stock repurchased	(4,107)	(4,831)
	Common stock cash dividends paid	(5,574)	(5,051)
	Other, net	(889)	(307)
	Net cash from (used in) financing	(16,576)	14,761
	Investing
	Additions to property and equipment	(14,923)	(9,917)
	Acquisition of companies, net of cash acquired, and purchases of intangible and other assets	(1,849)	(1,186)
	Purchases of investments	(1,620)	(8,460)
	Maturities of investments	2,136	15,718
	Sales of investments	1,968	5,330
	Other, net	(913)	(982)
	Net cash from (used in) investing	(15,201)	503
	Effect of foreign exchange rates on cash and cash equivalents	122	(99)
	Net change in cash and cash equivalents	2,525	45,748
	Cash and cash equivalents, beginning of period	18,315	34,704
	Cash and cash equivalents, end of period	$ 20,840	$ 80,452

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