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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Cash receipts from customers $ 175,567 $ 151,769
Cash paid for prescriptions dispensed and health services rendered (101,318) (90,887)
Insurance benefits paid (41,108) (33,920)
Cash paid to other suppliers and employees (17,686) (15,119)
Interest and investment income received 801 200
Interest paid (1,131) (1,150)
Income taxes paid (1,779) (1,887)
Net cash provided by operating activities 13,346 9,006
Cash flows from investing activities:    
Proceeds from sales and maturities of investments 3,640 4,360
Purchases of investments (4,499) (5,010)
Purchases of property and equipment (1,575) (1,459)
Acquisitions (net of cash and restricted cash acquired) (16,474) (125)
Proceeds from sale of subsidiaries (net of cash and restricted cash sold of $2,807 in 2022) 0 (1,943)
Other 32 54
Net cash used in investing activities (18,876) (4,123)
Cash flows from financing activities:    
Commercial paper borrowings (repayments), net 1,000 0
Proceeds from issuance of short-term loan 5,000 0
Repayment of short-term loan (5,000) 0
Proceeds from issuance of long-term debt 10,898 0
Repayments of long-term debt (1,787) (1,529)
Repurchase of common stock (2,016) (2,000)
Dividends paid (1,574) (1,462)
Proceeds from exercise of stock options 120 348
Payments for taxes related to net share settlement of equity awards (168) (329)
Other (121) (139)
Net cash provided by (used in) financing activities 6,352 (5,111)
Net increase (decrease) in cash, cash equivalents and restricted cash 822 (228)
Cash, cash equivalents and restricted cash at the beginning of the period 13,305 12,691
Cash, cash equivalents and restricted cash at the end of the period 14,127 12,463
Reconciliation of net income to net cash provided by operating activities:    
Net income 4,056 5,394
Adjustments required to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,105 2,131
Stock-based compensation 307 236
Gain on sale of subsidiary 0 (225)
Deferred income taxes and other noncash items 87 (246)
Change in operating assets and liabilities, net of effects from acquisitions:    
Accounts receivable, net (804) (2,687)
Inventories 1,800 469
Other assets (913) (286)
Accounts payable and pharmacy claims and discounts payable (118) 2,033
Health care costs payable and other insurance liabilities 4,334 1,286
Other liabilities 2,492 901
Net cash provided by operating activities $ 13,346 $ 9,006