v3.20.1
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Millions |
6 Months Ended |
|
|
Cash flows from operating activities: |
|
|
Net income |
$ 1,647
|
$ 1,437
|
Adjustments required to reconcile net income to cash provided by operating activities: |
|
|
Depreciation and amortization |
185
|
182
|
Share-based compensation |
164
|
130
|
Deferred income taxes |
19
|
49
|
Other |
22
|
(9)
|
Changes in operating assets and liabilities: |
|
|
Accounts receivable |
(92)
|
60
|
Inventories |
(252)
|
44
|
Other current and non-current assets |
(112)
|
(9)
|
Accounts payable and accrued expenses |
82
|
(409)
|
Contract liabilities |
(2)
|
192
|
Income taxes payable |
(37)
|
(53)
|
Other liabilities |
(2)
|
20
|
Cash provided by operating activities |
1,622
|
1,634
|
Cash flows from investing activities: |
|
|
Capital expenditures |
(173)
|
(251)
|
Cash paid for acquisitions, net of cash acquired |
(27)
|
(23)
|
Proceeds from sales and maturities of investments |
1,035
|
906
|
Purchases of investments |
(832)
|
(827)
|
Cash provided by (used in) investing activities |
3
|
(195)
|
Cash flows from financing activities: |
|
|
Debt borrowings, net of issuance costs |
1,498
|
0
|
Proceeds from common stock issuances |
91
|
73
|
Common stock repurchases |
(399)
|
(1,375)
|
Tax withholding payments for vested equity awards |
(163)
|
(80)
|
Payments of dividends to stockholders |
(385)
|
(381)
|
Cash provided by (used in) financing activities |
642
|
(1,763)
|
Increase (decrease) in cash, cash equivalents and restricted cash equivalents |
2,267
|
(324)
|
Cash, cash equivalents and restricted cash equivalents — beginning of period |
3,129
|
3,440
|
Cash, cash equivalents and restricted cash equivalents — end of period |
5,396
|
3,116
|
Reconciliation of cash, cash equivalents, and restricted cash equivalents |
|
|
Total cash, cash equivalents, and restricted cash equivalents |
5,396
|
3,116
|
Supplemental cash flow information: |
|
|
Cash payments for income taxes |
281
|
232
|
Cash refunds from income taxes |
5
|
18
|
Cash payments for interest |
$ 110
|
$ 110
|
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