Condensed Consolidated Statements of Cash Flows - Unaudited - USD ($)
$ in Millions |
3 Months Ended |
Jan. 30, 2022 |
Jan. 31, 2021 |
| Cash flows from operating activities: |
|
|
| Net income |
$ 2,472
|
$ 1,378
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Amortization of intangible and right-of-use assets |
1,151
|
1,395
|
| Depreciation |
136
|
138
|
| Stock-based compensation |
387
|
444
|
| Deferred taxes and other non-cash taxes |
70
|
(149)
|
| Loss on debt extinguishment |
0
|
172
|
| (Gain) loss on investments |
16
|
(119)
|
| Non-cash interest expense |
32
|
22
|
| Other |
(1)
|
10
|
| Changes in assets and liabilities, net of acquisitions and disposals: |
|
|
| Trade accounts receivable, net |
(468)
|
(247)
|
| Inventory |
(223)
|
51
|
| Accounts payable |
0
|
44
|
| Employee compensation and benefits |
(528)
|
(375)
|
| Other current assets and current liabilities |
521
|
408
|
| Other long-term assets and long-term liabilities |
(79)
|
(59)
|
| Net cash provided by operating activities |
3,486
|
3,113
|
| Cash flows from investing activities: |
|
|
| Purchases of property, plant and equipment |
(101)
|
(114)
|
| Purchases of investments |
(200)
|
0
|
| Other |
(8)
|
(8)
|
| Net cash used in investing activities |
(309)
|
(122)
|
| Cash flows from financing activities: |
|
|
| Proceeds from long-term borrowings |
0
|
9,904
|
| Payments on debt obligations |
(255)
|
(9,200)
|
| Payments of dividends |
(1,764)
|
(1,543)
|
| Repurchases of common stock - repurchase program |
(2,724)
|
0
|
| Shares repurchased for tax withholdings on vesting of equity awards |
(375)
|
(225)
|
| Issuance of common stock |
1
|
35
|
| Other |
(4)
|
(28)
|
| Net cash used in financing activities |
(5,121)
|
(1,057)
|
| Net change in cash and cash equivalents |
(1,944)
|
1,934
|
| Cash and cash equivalents at beginning of period |
12,163
|
7,618
|
| Cash and cash equivalents at end of period |
$ 10,219
|
$ 9,552
|