Financials
Cash flow
| Fiscal date | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|
| Operating activities | 4.1B | 3.3B | 2.8B | 4.4B |
| Net income | 3.8B | 4.2B | 3.4B | 4.0B |
| Depreciation | — | — | — | — |
| Deferred taxes | — | — | — | — |
| StockBased compensation | — | — | — | — |
| Other non cash items | 317M | -430M | -301M | 215M |
| Accounts receivable | — | — | — | — |
| Accounts payable | — | — | — | — |
| Other assets liabilities | — | -430M | -301M | 233M |
| Investing activities | 403M | -2.9B | -4.0B | -4.5B |
| Capital expenditures | — | — | — | — |
| Net intangibles | — | — | — | — |
| Net acquisitions | -135M | -294M | -753M | -69M |
| Purchase of investments | -27.7B | -30.9B | -34.0B | -37.6B |
| Sale of investments | 28.2B | 28.3B | 30.7B | 33.2B |
| Other investing activity | -4M | 57M | — | — |
| Financing activities | -4.9B | -2.3B | -1.2B | -1.0B |
| Long term debt issuance | 251M | 1.8B | 1.8B | 683M |
| Long term debt payments | -344M | -1.6B | -1.3B | 0 |
| Short term debt issuance | — | — | — | — |
| Common stock issuance | 194M | 68M | 599M | 35M |
| Common stock repurchase | -2.2B | -74M | -63M | -423M |
| Common dividends | -1.4B | -1.4B | -1.3B | -1.2B |
| Other financing charges | -1.4B | -1.0B | -912M | -79M |
| End cash position | 6.3B | 5.6B | 5.3B | 4.4B |
| Income tax paid | — | — | — | — |
| Interest paid | 592M | 591M | 549M | 521M |
| Free cash flow | 6.7B | 7.1B | 7.3B | 6.9B |