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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating activities    
Net income (loss) $ 1,221 $ (124)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Stock-based compensation 30 20
Depreciation and amortization 15 7
Amortization/accretion of investments 5 1
Deferred income taxes (50) 0
Changes in assets and liabilities:    
Accounts receivable (1,819) (2)
Prepaid expenses and other assets (12) (4)
Inventory (448) 0
Right-of-use assets, operating leases 2 (14)
Accounts payable (15) 2
Accrued liabilities 285 (12)
Deferred revenue 3,666 (1)
Operating lease liabilities (2) 15
Other liabilities 93 6
Net cash provided by (used in) operating activities 2,971 (106)
Investing activities    
Purchases of marketable securities (726) (621)
Proceeds from maturities of marketable securities 339 269
Proceeds from sales of marketable securities 242 42
Purchases of property and equipment (35) (6)
Net cash used in investing activities (180) (316)
Financing activities    
Proceeds from public offerings of common stock, net of issuance costs 0 550
Proceeds from issuance of common stock through equity plans, net 28 28
Changes in financing lease liabilities (2) 0
Net cash provided by financing activities 26 578
Net increase in cash, cash equivalents and restricted cash 2,817 156
Cash, cash equivalents and restricted cash, beginning of year 2,636 248
Cash, cash equivalents and restricted cash, end of period 5,453 404
Non-cash investing and financing activities    
Purchases of property and equipment included in accounts payable and accrued liabilities 21 7
Right-of-use assets obtained through finance lease modifications and reassessments $ 51 $ 0