v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Apr. 24, 2026
Apr. 25, 2025
Apr. 26, 2024
Cash flows from operating activities:      
Net income $ 1,276 $ 1,186 $ 986
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 200 243 255
Non-cash operating lease cost 42 41 45
Stock-based compensation 382 386 357
Deferred income taxes 135 (100) 53
Other items, net 55 0 (13)
Changes in assets and liabilities:      
Accounts receivable (36) (219) (33)
Inventories (12) (1) (18)
Other operating assets (248) (87) (62)
Accounts payable 31 (8) 123
Accrued expenses (23) 62 113
Deferred revenue 281 208 (14)
Long-term taxes payable (7) (207) (106)
Other operating liabilities (9) 2 (1)
Net cash provided by operating activities 2,067 1,506 1,685
Cash flows from investing activities:      
Purchases of investments (2,758) (1,782) (2,635)
Maturities, sales and collections of investments 2,346 2,027 2,055
Purchases of property and equipment (198) (168) (155)
Other investing activities, net 15 70 0
Net cash (used in) provided by investing activities (595) 147 (735)
Cash flows from financing activities:      
Proceeds from issuance of common stock under employee stock award plans 103 108 100
Payments for taxes related to net share settlement of stock awards (137) (199) (127)
Repurchase of common stock (950) (1,150) (900)
Issuances of debt, net of issuance costs 0 1,240 0
Repayments and extinguishment of debt (750) (400) 0
Dividends paid (413) (424) (416)
Other financing activities, net 0 (3) (1)
Net cash used in financing activities (2,147) (828) (1,344)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 1 15 (19)
Net change in cash, cash equivalents and restricted cash (674) 840 (413)
Cash, cash equivalents and restricted cash:      
Beginning of period 2,749 1,909 2,322
End of period $ 2,075 $ 2,749 $ 1,909