2021 2020 2019 2018 2017 Operating Cash Flow $76.74B$60.67B$52.19B$43.88B$39.51B Net Income $61.27B$44.28B$39.24B$16.57B$21.2B Depreciation & Amortization $11.69B$12.8B$11.68B$10.26B$8.78B Deferred Income Tax $-150M$-3.62B$-3.53B$13.04B$-3.3B Stock-Based Compensation $6.12B$5.29B$4.65B$3.94B$3.27B Change In Working Capital $-13.86B$3.47B$-5.04B$15.85B$15.02B Other Non-Cash Items $11.67B$-1.54B$5.19B$-15.78B$-5.47B Cash From Investing $-27.58B$-12.22B$-15.77B$-6.06B$-46.78B Purchases Of Investments $-62.92B$-77.19B$-57.7B$-137.38B$-176.91B Sales / Maturities of Investments $65.8B$84.17B$58.24B$143.94B$164.39B Property, Plant & Equipment Investments $-20.62B$-15.44B$-13.93B$-11.63B$-8.13B Net Acquisitions $-8.91B$-2.52B$-2.39B$-888M$-25.94B Other Investing Activites $-922M$-1.24B$0$-98M$-197M Cash From Financing $-48.49B$-46.03B$-36.89B$-33.59B$8.41B Debt Repayment $-3.75B$-5.52B$-4B$-10.06B$-7.92B Dividend Payments $-16.52B$-15.14B$-13.81B$-12.7B$-11.85B Payout Ratio 26.96%34.18%35.2%76.63%55.86% Net Common Stock Repurchased $25.69B$21.63B$18.4B$9.72B$11.02B Common Stock Repurchased $-27.39B$-22.97B$-19.54B$-10.72B$-11.79B Common Stock Issued $25.69B$21.63B$18.4B$9.72B$11.02B Other Financing Activites $-2.52B$-3.75B$-675M$-1.11B$39.19B Accounts Receivables $-6.48B$-2.58B$-2.81B$-3.86B$-925M Accounts Payables $2.8B$3.02B$232M$1.15B$81M Inventory $-737M$168M$597M$-465M$50M Other Working Capital $95.75B$109.61B$106.13B$111.17B$95.32B Capital Expenditure (CAPEX) $-20.62B$-15.44B$-13.93B$-11.63B$-8.13B Effect Of Foreign Exchange On Cash $-29M$-201M$-115M$50M$19M Net Change In Cash $648M$2.22B$-590M$4.28B$1.15B Free Cash Flow (FCF) $56.12B$45.23B$38.26B$32.25B$31.38B Free Cash Flow To Equity (FCFE) $52.37B$39.72B$34.26B$22.19B$23.46B