v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
May 01, 2026
May 02, 2025
Cash flows from operating activities:    
Net income $ 3,438 $ 965
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 758 738
Stock-based compensation expense 189 190
Deferred income taxes 45 (256)
Other, net [1] (387) 174
Changes in assets and liabilities:    
Accounts receivable (8,331) 691
Financing receivables 263 23
Inventories (4,715) (734)
Other assets and liabilities 496 (3,276)
Accounts payable 11,661 4,511
Deferred revenue 664 (230)
Change in cash from operating activities 4,081 2,796
Cash flows from investing activities:    
Purchases of investments (124) (97)
Maturities and sales of investments 1 31
Capital expenditures and capitalized software development costs (963) (568)
Divestitures of businesses and assets, net 0 533
Other 19 13
Change in cash from investing activities (1,067) (88)
Cash flows from financing activities:    
Repurchases of common stock (1,628) (1,980)
Repurchases of common stock for employee tax withholdings (537) (352)
Payments of dividends and dividend equivalents (464) (396)
Proceeds from debt 2,465 6,308
Repayments of debt (2,788) (2,310)
Debt-related costs and other, net (2) (33)
Change in cash from financing activities (2,954) 1,237
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (13) 89
Change in cash, cash equivalents, and restricted cash 47 4,034
Cash, cash equivalents, and restricted cash at beginning of the period 11,706 3,819
Cash, cash equivalents, and restricted cash at end of the period $ 11,753 $ 7,853
[1] During the three months ended May 1, 2026, other, net, includes $0.6 billion of gains recognized within the Company’s strategic investments portfolio.