v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Aug. 31, 2026
Aug. 31, 2025
Cash flows from operating activities:    
Net Income (Loss) $ 4,760 $ 2,927
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 3,156 1,351
Amortization of intangible assets 202 420
Deferred income taxes (73) 515
Stock-based compensation 1,127 1,124
Other, net (4) 164
Changes in operating assets and liabilities:    
Increase in trade receivables, net (1,009) (245)
Decrease in prepaid expenses and other assets 114 59
Decrease in accounts payable and other liabilities (1,076) (334)
Increase (decrease) in income taxes payable 546 (391)
Increase in deferred revenues from customer prepayments with significant financing component 11,363 0
Increase in other deferred revenues 3,997 2,550
Net cash provided by operating activities 23,103 8,140
Cash flows from investing activities:    
Purchases of marketable securities and other investments (306) (471)
Proceeds from sales and maturities of marketable securities and other investments 225 255
Capital expenditures (28,499) (8,502)
Net cash used for investing activities (28,580) (8,718)
Cash flows from financing activities:    
Proceeds from issuances of common stock via at-the-market program, net of issuance costs 19,909 0
Net proceeds from employee stock programs 41 1,153
Payments of dividends to stockholders (1,565) (1,413)
Repayments of commercial paper, net 0 (238)
(Repayments of) proceeds from short-term financing related to capital expenditures, net (830) 1,958
Repayments of senior notes, term loan credit agreements and other borrowings (4,202) (1,052)
Other financing activities, net (242) (198)
Net cash provided by financing activities 13,111 210
Effect of exchange rate changes on cash, cash equivalents and restricted cash 11 27
Net increase (decrease) in cash, cash equivalents and restricted cash 7,645 (341)
Cash, cash equivalents and restricted cash at beginning of period 31,289 10,786
Cash, cash equivalents and restricted cash at end of period 38,934 10,445
Non-cash investing activities:    
Unpaid capital expenditures $ 6,247 $ 4,010