SEC Filings

10-Q
MEDTRONIC PLC filed this Form 10-Q on 09/01/2017
Entire Document
 


Medtronic plc
Consolidated Statements of Cash Flows
(Unaudited)
 
Three months ended
(in millions)
July 28, 2017
 
July 29, 2016
Operating Activities:
 

 
 

Net income
$
1,009

 
$
929

Adjustments to reconcile net income to net cash provided by operating activities:
 

 
 

Depreciation and amortization
636

 
737

Amortization of debt premium, discount, and issuance costs
(10
)
 
7

Acquisition-related items
(1
)
 
(5
)
Provision for doubtful accounts
10

 
9

Deferred income taxes
58

 
32

Stock-based compensation
92

 
79

Other, net
6

 
(85
)
Change in operating assets and liabilities, net of acquisitions:
 

 
 

Accounts receivable, net
(88
)
 
196

Inventories, net
(164
)
 
(101
)
Accounts payable and accrued liabilities
(392
)
 
(298
)
Other operating assets and liabilities
(419
)
 
50

Net cash provided by operating activities
737

 
1,550

Investing Activities:
 

 
 

Acquisitions, net of cash acquired

 
(12
)
Additions to property, plant, and equipment
(278
)
 
(330
)
Purchases of investments
(615
)
 
(1,044
)
Sales and maturities of investments
971

 
1,104

Other investing activities, net
5

 
(2
)
Net cash provided by (used in) investing activities
83

 
(284
)
Financing Activities:
 

 
 

Acquisition-related contingent consideration
(3
)
 
(11
)
Change in current debt obligations, net
569

 
926

Issuance of long-term debt
18

 
33

Payments on long-term debt
(8
)
 
(17
)
Dividends to shareholders
(625
)
 
(599
)
Issuance of ordinary shares
143

 
214

Repurchase of ordinary shares
(1,233
)
 
(1,763
)
Other financing activities
(2
)
 
57

Net cash used in financing activities
(1,141
)
 
(1,160
)
Effect of exchange rate changes on cash and cash equivalents
45

 
78

Net change in cash and cash equivalents
(276
)
 
184

Cash and cash equivalents at beginning of period
4,967

 
2,876

Cash and cash equivalents at end of period
$
4,691

 
$
3,060

Supplemental Cash Flow Information
 

 
 

Cash paid for:
 

 
 

Income taxes
$
417

 
$
115

Interest
68

 
68


The accompanying notes are an integral part of these consolidated financial statements.

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