VMware 2015 Annual Report Download - page 56

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TableofContents
VMware, Inc.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in millions)
For the Year Ended December 31,
2015
2014
2013
Operating activities:
Netincome $ 997
$ 886
$ 1,014
Adjustmentstoreconcilenetincometonetcashprovidedbyoperatingactivities:
Depreciationandamortization 335
345
337
Stock-basedcompensation 504
529
454
Excesstaxbenefitsfromstock-basedcompensation (28)
(36)
(70)
Deferredincometaxes,net (31)
(128)
56
Non-cashrealignmentcharges —
—
15
Impairmentofstrategicinvestment 5
—
13
Gainondispositionofcertainlinesofbusinessandother,net —
—
(44)
Gainonsalesofstrategicinvestments (3)
(6)
—
Other 2
(1)
7
Changesinassetsandliabilities,netofacquisitions:
Accountsreceivable (114)
(267)
(71)
Otherassets 32
(70)
(59)
Dueto/fromrelatedparties,net (21)
(46)
60
Accountspayable (35)
69
30
Accruedexpenses 1
135
1
IncometaxesreceivablefromEMC —
—
17
Incometaxespayable 13
77
19
Unearnedrevenues 242
693
756
Netcashprovidedbyoperatingactivities 1,899
2,180
2,535
Investing activities:
Additionstopropertyandequipment (333)
(352)
(345)
Purchasesofavailable-for-salesecurities (3,323)
(3,937)
(3,181)
Salesofavailable-for-salesecurities 2,193
2,076
1,599
Maturitiesofavailable-for-salesecurities 1,100
717
717
Proceedsfromdispositionofcertainlinesofbusiness —
—
37
Purchasesofstrategicinvestments (14)
(52)
(8)
Salesofstrategicinvestments 4
11
—
Businessacquisitions,netofcashacquired (38)
(1,159)
(289)
Decrease(increase)inrestrictedcash 75
(78)
(3)
Otherinvesting —
(11)
1
Netcashusedininvestingactivities (336)
(2,785)
(1,472)
Financing activities:
Proceedsfromissuanceofcommonstock 126
164
197
ProceedsfromissuanceofnotespayabletoEMC —
1,050
—
ReductionincapitalfromEMC —
(24)
—
Proceedsfromnon-controllinginterests 4
7
—
Repurchaseofcommonstock (1,125)
(700)
(508)
Excesstaxbenefitsfromstock-basedcompensation 28
36
70
Sharesrepurchasedfortaxwithholdingsonvestingofrestrictedstock (174)
(162)
(126)
Netcashprovidedby(usedin)financingactivities (1,141)
371
(367)
Netincrease(decrease)incashandcashequivalents 422
(234)
696
Cashandcashequivalentsatbeginningoftheperiod 2,071
2,305
1,609
Cashandcashequivalentsatendoftheperiod $ 2,493
$ 2,071
$ 2,305
Supplemental disclosures of cash flow information:
Cashpaidforinterest $ 28
$ 27
$ 6
Cashpaidfortaxes,net 231
215
35