2021 2020 2019 2018 2017 Operating Cash Flow $104.04B$80.67B$69.39B$77.43B$63.6B Net Income $94.68B$57.41B$55.26B$59.53B$48.35B Depreciation & Amortization $11.28B$11.06B$12.55B$10.9B$10.16B Deferred Income Tax $-4.77B$-215M$-340M$-32.59B$5.97B Stock-Based Compensation $7.91B$6.83B$6.07B$5.34B$4.84B Change In Working Capital $-28.97B$-18.78B$42.63B$-13.36B$-32M Other Non-Cash Items $23.91B$24.37B$-46.77B$47.61B$-5.68B Cash From Investing $-14.54B$-4.29B$45.9B$16.07B$-46.45B Purchases Of Investments $-109.69B$-115.15B$-40.63B$-73.23B$-159.88B Sales / Maturities of Investments $106.87B$120.48B$98.72B$104.07B$126.34B Property, Plant & Equipment Investments $-11.09B$-7.31B$-10.49B$-13.31B$-12.45B Net Acquisitions $-33M$-1.52B$-624M$-721M$-329M Other Investing Activites $-608M$-791M$-1.08B$-745M$-124M Cash From Financing $-93.35B$-86.82B$-90.98B$-87.88B$-17.35B Debt Repayment $-8.75B$-12.63B$-8.8B$-6.5B$-3.5B Dividend Payments $-14.47B$-14.08B$-14.12B$-13.71B$-12.77B Payout Ratio 15.28%24.53%25.55%23.03%26.41% Net Common Stock Repurchased $84.87B$71.48B$66.12B$72.07B$32.34B Common Stock Repurchased $-85.97B$-72.36B$-66.9B$-72.74B$-32.9B Common Stock Issued $84.87B$71.48B$66.12B$72.07B$32.34B Other Financing Activites $14.73B$11.37B$-1.94B$4.41B$31.27B Accounts Receivables $-10.13B$6.92B$245M$-5.32B$-2.09B Accounts Payables $12.33B$-4.06B$-1.92B$9.18B$9.62B Inventory $-2.64B$-127M$-289M$828M$-2.72B Other Working Capital $9.36B$38.32B$57.1B$14.47B$27.83B Capital Expenditure (CAPEX) $-11.09B$-7.31B$-10.49B$-13.31B$-12.79B Effect Of Foreign Exchange On Cash $0$0$0$0$0 Net Change In Cash $-3.86B$-10.44B$24.31B$5.62B$-195M Free Cash Flow (FCF) $92.95B$73.36B$58.9B$64.12B$50.8B Free Cash Flow To Equity (FCFE) $84.2B$60.74B$50.09B$57.62B$47.3B