v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jul. 31, 2026
Aug. 01, 2025
Cash flows from operating activities:    
Net income $ 7,571 $ 2,129
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,512 1,500
Stock-based compensation expense 373 369
Deferred income taxes 23 (127)
Other, net [1] (454) 389
Changes in assets and liabilities:    
Accounts receivable (5,428) (4,574)
Financing receivables (6,404) (569)
Inventories (10,940) (615)
Other assets and liabilities 761 612
Accounts payable 16,203 6,615
Deferred revenue 3,089 (390)
Change in cash from operating activities 6,306 5,339
Cash flows from investing activities:    
Purchases of investments (335) (125)
Sales of equity and other investments 90 59
Capital expenditures and capitalized software development costs (2,202) (1,243)
Divestitures of businesses and assets, net 0 533
Other 43 33
Change in cash from investing activities (2,404) (743)
Cash flows from financing activities:    
Repurchases of common stock (5,424) (2,920)
Repurchases of common stock for employee tax withholdings (555) (357)
Payments of dividends and dividend equivalents (869) (762)
Proceeds from debt 6,851 7,270
Repayments of debt (3,805) (3,424)
Debt-related costs and other, net (34) (35)
Change in cash from financing activities (3,836) (228)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (35) 104
Change in cash, cash equivalents, and restricted cash 31 4,472
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 $ 11,737 $ 8,291
[1] During the six months ended July 31, 2026, other, net, includes $0.6 billion of gains recognized within the Company’s strategic investments portfolio.