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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities    
Net income $ 828 $ 473
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Gains on investment securities, net (10) (49)
Equity in net earnings (21) (8)
Stock-based compensation 39 36
Depreciation 153 124
Amortization 15 21
Benefit for deferred income taxes 0 (3)
Changes in operating assets and liabilities, net of effect of businesses acquired and dispositions:    
Receivables (1,049) (953)
Other assets (1,095) (1,470)
Benefits payable 466 1,086
Other liabilities (151) 1,203
Unearned revenues 7 27
Other (19) (13)
Net cash (used in) provided by operating activities (837) 474
Cash flows from investing activities    
Acquisitions, net of cash acquired (123) (709)
Purchases of property and equipment (290) (192)
Purchases of investment securities (3,720) (2,459)
Maturities of investment securities 692 735
Proceeds from sales of investment securities 1,953 1,415
Net cash used in investing activities (1,488) (1,210)
Cash flows from financing activities    
Receipts from contract deposits, net 1,015 574
Proceeds from issuance of senior notes, net 0 1,090
Proceeds from issuance of commercial paper, net 603 198
Proceeds from term loan 0 1,000
Change in book overdraft 23 (55)
Common stock repurchases (30) (17)
Dividends paid (83) (73)
Proceeds from stock option exercises and other, net 1 19
Net cash provided by financing activities 1,529 2,736
(Decrease) increase in cash and cash equivalents (796) 2,000
Cash and cash equivalents at beginning of period 4,673 4,054
Cash and cash equivalents at end of period 3,877 6,054
Supplemental cash flow disclosures:    
Interest payments 40 40
Income tax payments, net $ (1) $ (6)