2021 2020 2019 2018 2017 Operating Cash Flow $11.62B$10.61B$9.65B$9.41B$9.99B Net Income $7.62B$7.12B$7.31B$12.52B$4.86B Depreciation & Amortization $3.21B$2.55B$2.43B$2.4B$2.37B Deferred Income Tax $488M$361M$445M$-559M$3.07B Stock-Based Compensation $301M$264M$237M$256M$292M Change In Working Capital $718M$2.44B$-2.57B$-10.77B$4.57B Other Non-Cash Items $-724M$-2.13B$1.79B$5.57B$-5.17B Cash From Investing $-3.27B$-11.62B$-6.44B$4.56B$-4.4B Purchases Of Investments $-58M$-1.14B$0$-5.64B$-18.39B Sales / Maturities of Investments $1.14B$27M$97M$14.34B$16.54B Property, Plant & Equipment Investments $0$0$0$0$0 Net Acquisitions $108M$-6.37B$-2.46B$-991M$206M Other Investing Activites $-4.45B$-4.14B$-4.07B$-3.15B$-2.76B Cash From Financing $-10.78B$3.82B$-8.49B$-13.77B$-4.19B Debt Repayment $-8.7B$-6.59B$-4.98B$-6.96B$-5.55B Dividend Payments $-5.82B$-5.51B$-5.3B$-4.93B$-4.47B Payout Ratio 76.33%77.37%72.52%39.39%92.07% Net Common Stock Repurchased $106M$2B$3B$2B$2B Common Stock Repurchased $-106M$-2B$-3B$-2B$-2B Common Stock Issued $106M$2B$3B$2B$2B Other Financing Activites $3.84B$17.92B$4.8B$128M$7.84B Accounts Receivables $0$0$0$0$0 Accounts Payables $1.76B$766M$735M$882M$201M Inventory $-582M$-516M$-190M$-174M$-168M Other Working Capital $0$-371M$-2.82B$-245M$10.53B Capital Expenditure (CAPEX) $-4.63B$-4.24B$-4.23B$-3.28B$-2.97B Effect Of Foreign Exchange On Cash $-114M$-129M$78M$-98M$47M Net Change In Cash $-2.55B$2.68B$-5.2B$112M$1.45B Free Cash Flow (FCF) $6.99B$6.37B$5.42B$6.13B$7.03B Free Cash Flow To Equity (FCFE) $-1.71B$-220M$435M$-832M$1.48B