|
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
|
9 Months Ended |
|
Aug. 04, 2012
|
Jul. 30, 2011
|
| Cash flows from operating activities: |
|
|
| Net income |
$ 472,049 |
$ 683,867 |
| Adjustments to reconcile net income to net cash provided by operations: |
|
|
| Depreciation |
82,221 |
88,092 |
| Amortization of intangibles |
74 |
1,079 |
| Stock-based compensation expense |
39,223 |
38,806 |
| Gain on sale of business |
0 |
(6,500) |
| Gain on sale of investments |
(1,231) |
0 |
| Excess tax benefit-stock options |
(9,552) |
(37,296) |
| Deferred income taxes |
(4,105) |
(6,989) |
| Non-cash portion of special charge |
219 |
0 |
| Other non-cash activity |
(1,770) |
1,185 |
| Changes in operating assets and liabilities |
1,367 |
(91,875) |
| Total adjustments |
106,446 |
(13,498) |
| Net cash provided by operating activities |
578,495 |
670,369 |
| Cash flows from investing activities: |
|
|
| Purchases of short-term available-for-sale investments |
(6,282,724) |
(3,132,633) |
| Maturities of short-term available-for-sale investments |
4,829,822 |
2,334,311 |
| Sales of short-term available-for-sale investments |
337,905 |
259,385 |
| Proceeds from the sale of investments |
1,506 |
0 |
| Proceeds related to sale of businesses |
0 |
10,000 |
| Additions to property, plant and equipment |
(94,665) |
(96,665) |
| Payments for acquisitions, net of cash acquired |
(24,158) |
(13,988) |
| Increase in other assets |
(915) |
(6,683) |
| Net cash (used for) provided by investing activities |
(1,233,229) |
(646,273) |
| Cash flows from financing activities: |
|
|
| Proceeds from long-term debt |
0 |
515,507 |
| Early termination of swap agreements |
18,520 |
0 |
| Term loan repayments |
(22,875) |
(24,767) |
| Dividend payments to shareholders |
(253,329) |
(206,802) |
| Repurchase of common stock |
(139,741) |
(247,440) |
| Net proceeds from employee stock plans |
110,728 |
189,239 |
| Contingent consideration payment |
(1,991) |
0 |
| (Decrease) increase in other financing activities |
(6,744) |
365 |
| Excess tax benefit-stock options |
9,552 |
37,296 |
| Net cash (used for) provided by financing activities |
(285,880) |
263,398 |
| Effect of exchange rate changes on cash |
(2,337) |
327 |
| Net (decrease) increase in cash and cash equivalents |
(942,951) |
287,821 |
| Cash and cash equivalents at beginning of period |
1,405,100 |
1,070,000 |
| Cash and cash equivalents at end of period |
$ 462,149 |
$ 1,357,821 |