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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash Flows From Operating Activities:    
Net earnings $ 2,267 $ 1,283
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization, net 2,429 2,584
Deferred income taxes (548) (687)
Stock-based compensation 122 107
Impairment charges 20 41
Divestiture gains and royalties (194) (387)
Acquired IPRD 75 333
Equity investment losses 155 644
Other adjustments 4 256
Changes in operating assets and liabilities:    
Receivables (175) 786
Inventories (282) 1
Accounts payable 187 23
Rebates and discounts (910) (930)
Income taxes payable 884 831
Other (1,064) (1,073)
Net cash provided by operating activities 2,970 3,812
Cash Flows From Investing Activities:    
Sale and maturities of marketable debt securities 57 2,100
Purchase of marketable debt securities (200) (1,714)
Proceeds from sales of equity investment securities 62 2
Capital expenditures (278) (253)
Divestiture and other proceeds 227 402
Acquisition and other payments, net of cash acquired (78) (442)
Net cash (used in)/provided by investing activities (210) 95
Cash Flows From Financing Activities:    
Short-term debt obligations, net 128 42
Issuance of long-term debt 0 5,926
Repayment of long-term debt (1,640) (5,769)
Repurchase of common stock (250) (5,000)
Dividends (1,196) (1,185)
Stock option proceeds and other, net (92) 333
Net cash used in financing activities (3,050) (5,653)
Effect of exchange rates on cash, cash equivalents and restricted cash 13 9
Decrease in cash, cash equivalents and restricted cash (277) (1,737)
Cash, cash equivalents and restricted cash at beginning of period 9,325 14,316
Cash, cash equivalents and restricted cash at end of period $ 9,048 $ 12,579