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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net income $ 3,276 $ 2,620
Depreciation and amortization 1,043 1,024
Stock-based compensation expense 160 199
Deferred income taxes (126) 108
Other items, net (228) (107)
Changes in operating assets and liabilities, net of acquisitions:    
Trade receivables, net (199) 0
Inventories 196 40
Other assets 85 (11)
Accounts payable (269) 125
Accrued income taxes 369 (131)
Other liabilities (164) (498)
Net cash provided by operating activities 4,143 3,369
Cash flows from investing activities:    
Purchases of property, plant and equipment (251) (345)
Proceeds from sale of property, plant and equipment 226 0
Cash paid for acquisitions, net of cash acquired 0 (115)
Purchases of marketable securities (13,530) (15,593)
Proceeds from sales of marketable securities 8,021 9,137
Proceeds from maturities of marketable securities 2,500 3,295
Change in restricted investments 0 533
Other (277) (135)
Net cash used in investing activities (3,311) (3,223)
Cash flows from financing activities:    
Net proceeds from issuance of debt 3,464 4,476
Repayment of debt (2,150) (3,355)
Repurchases of common stock (940) 0
Dividends paid (1,201) (923)
Net proceeds from issuance of common stock in connection with the Company’s equity award programs 52 99
Settlement of contingent consideration obligation (225) 0
Other 232 104
Net cash (used in) provided by financing activities (768) 401
Increase in cash and cash equivalents 64 547
Cash and cash equivalents at beginning of period 3,731 3,805
Cash and cash equivalents at end of period $ 3,795 $ 4,352