XML 15 R5.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating activities:    
Net income $ 1,206.6 $ 1,007.7
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and loss on disposal of property, plant, and equipment 283.5 239.4
Amortization of intangible assets 15.1 20.2
Gain on sale of business 0.0 (3.8)
Loss on investments, accretion of discounts, and amortization of premiums on investments, net 14.7 43.4
Deferred income taxes (61.0) (102.0)
Share-based compensation expense 442.4 385.6
Amortization of contract acquisition assets 22.6 20.7
Changes in operating assets and liabilities, net of effects of acquisitions:    
Accounts receivable (19.7) (67.2)
Inventory (528.2) (419.1)
Prepaids and other assets 37.5 (96.8)
Accounts payable 27.7 26.3
Accrued compensation and employee benefits (26.8) (41.9)
Deferred revenue (1.0) (21.2)
Other liabilities 172.1 61.6
Net cash provided by operating activities 1,585.5 1,052.9
Investing activities:    
Purchase of investments (820.2) (1,393.6)
Proceeds from sales of investments 47.7 59.6
Proceeds from maturities of investments 2,092.4 2,536.3
Purchase of property, plant, and equipment (628.7) (393.2)
Acquisition of businesses, net of cash, and intellectual property and other investing activities (7.1) (13.1)
Net cash provided by investing activities 684.1 796.0
Financing activities:    
Proceeds from issuance of common stock relating to employee stock plans 252.2 188.6
Taxes paid related to net share settlement of equity awards (155.4) (187.3)
Repurchase of common stock (350.0) (1,606.6)
Payment of deferred purchase consideration (2.9) (3.5)
Net cash used in financing activities (256.1) (1,608.8)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 8.7 7.9
Net increase in cash, cash equivalents, and restricted cash 2,022.2 248.0
Cash, cash equivalents, and restricted cash, beginning of period 1,600.7 1,306.0
Cash, cash equivalents, and restricted cash, end of period $ 3,622.9 $ 1,554.0