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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flows From Operating Activities:    
Net Earnings $ 4,320 $ 4,642
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization, net 7,755 8,107
Deferred income taxes (2,114) (127)
Stock-based compensation 338 450
Impairment charges 144 1,192
Divestiture gains and royalties (820) (462)
Acquired IPRD 763 1,070
Equity investment losses/(income) 966 (1,214)
Contingent consideration fair value adjustments 1 (510)
Other adjustments 178 204
Changes in operating assets and liabilities:    
Receivables (557) (886)
Inventories (28) 141
Accounts payable (296) 19
Rebates and discounts 730 902
Income taxes payable (310) (841)
Other (1,310) (537)
Net Cash Provided by Operating Activities 9,760 12,150
Cash Flows From Investing Activities:    
Sale and maturities of marketable debt securities 5,205 2,952
Purchase of marketable debt securities (3,566) (3,408)
Proceeds from sales of equity investment securities 213 1,058
Capital expenditures (772) (653)
Divestiture and other proceeds 815 570
Acquisition and other payments, net of cash acquired (4,170) (1,458)
Net Cash Used in Investing Activities (2,275) (939)
Cash Flows From Financing Activities:    
Short-term debt obligations, net 58 (46)
Issuance of long-term debt 5,926 0
Repayment of long-term debt (11,431) (6,022)
Repurchase of common stock (5,585) (3,536)
Dividends (3,489) (3,297)
Other 805 644
Net Cash Used in Financing Activities (13,716) (12,257)
Effect of Exchange Rates on Cash, Cash Equivalents and Restricted Cash (128) (48)
Decrease in Cash, Cash Equivalents and Restricted Cash (6,359) (1,094)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 14,316 14,973
Cash, Cash Equivalents and Restricted Cash at End of Period $ 7,957 $ 13,879