XML 17 R8.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows from Operating Activities    
Net income $ 1,902.9 $ 1,355.3
Adjustments to Reconcile Net Income to Cash Flows from Operating Activities:    
Depreciation and amortization 435.7 350.3
Change in deferred income taxes (506.6) (119.1)
Stock-based compensation expense 101.0 85.5
Net investment (gains) losses 426.1 (302.2)
Acquired in-process research and development 153.0 299.3
Other changes in operating assets and liabilities, net of acquisitions and divestitures (45.5) (102.8)
Other non-cash operating activities, net 32.6 131.1
Net Cash Provided by Operating Activities 2,499.2 1,697.4
Cash Flows from Investing Activities    
Net purchases of property and equipment (365.4) (300.3)
Proceeds from sales and maturities of short-term investments 26.7 4.0
Purchases of short-term investments (14.6) (19.4)
Proceeds from sales of noncurrent investments 81.4 284.8
Purchases of noncurrent investments (116.7) (291.5)
Cash paid for acquisitions, net of cash acquired (Note 3) 0.0 (747.4)
Purchases of in-process research and development (491.8) (191.8)
Other investing activities, net (133.4) (21.9)
Net Cash Used for Investing Activities (1,013.8) (1,283.5)
Cash Flows from Financing Activities    
Dividends paid (885.5) (774.8)
Net change in short-term borrowings 499.7  
Net change in short-term borrowings   (3.7)
Repayments of long-term debt (710.1) 0.0
Purchases of common stock (1,500.0) 0.0
Other financing activities, net (282.4) (279.9)
Net Cash Used for Financing Activities (2,878.3) (1,058.4)
Effect of exchange rate changes on cash and cash equivalents 33.6 (10.2)
Net decrease in cash and cash equivalents (1,359.3) (654.7)
Cash and cash equivalents at January 1 3,818.5 3,657.1
Cash and Cash Equivalents at March 31 $ 2,459.2 $ 3,002.4