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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities    
Net income $ 2,301 $ 1,506
Adjustments to reconcile net income to net cash provided by operating activities:    
Net realized capital gains (51) (5)
Equity in net earnings (33) (15)
Stock-based compensation 82 76
Depreciation 252 240
Amortization 43 36
Benefit for deferred income taxes (3) (21)
Changes in operating assets and liabilities, net of effect of businesses acquired and dispositions:    
Receivables (1,185) 123
Other assets (2,124) (548)
Benefits payable 1,976 980
Other liabilities 2,267 (116)
Unearned revenues 19 29
Other (3) 45
Net cash provided by operating activities 3,541 2,330
Cash flows from investing activities    
Acquisitions, net of cash acquired (709) 0
Purchases of property and equipment (418) (296)
Purchases of investment securities (5,464) (3,135)
Maturities of investment securities 1,645 894
Proceeds from sales of investment securities 2,084 2,626
Net cash (used in) provided by investing activities (2,862) 89
Cash flows from financing activities    
Receipts from contract deposits, net 389 473
Proceeds from issuance of senior notes, net 1,088 0
Proceeds (repayments) from issuance of commercial paper, net 21  
Proceeds (repayments) from issuance of commercial paper, net   (356)
Proceeds from term loan 1,000 0
Change in book overdraft 85 33
Common stock repurchases (25) (10)
Dividends paid (156) (142)
Proceeds from stock option exercises and other, net 28 18
Net cash provided by financing activities 2,430 16
Increase in cash and cash equivalents 3,109 2,435
Cash and cash equivalents at beginning of period 4,054 2,343
Cash and cash equivalents at end of period 7,163 4,778
Supplemental cash flow disclosures:    
Interest payments 115 110
Income tax payments, net $ 36 $ 346