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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income $ 2,699 $ 2,197 $ 1,503
Adjustments to reconcile net income to net cash provided by operating activities:      
Deferred income taxes 7 (94) (352)
Non-cash operating lease cost 65 65 64
Depreciation and amortization 116 197 328
Amortization of capitalized software development costs and intellectual property licenses [1] 324 249 225
Share-based compensation expense (Note 16) [2] 508 218 166
Realized and unrealized gain on equity investment (Note 10) (28) (3) (38)
Other 2 31 42
Changes in operating assets and liabilities:      
Accounts receivable, net 71 (194) 182
Software development and intellectual property licenses (426) (378) (275)
Other assets (114) (88) 186
Deferred revenues (537) 216 (154)
Accounts payable (7) (10) 31
Accrued expenses and other liabilities (266) (154) (77)
Net cash provided by operating activities 2,414 2,252 1,831
Cash flows from investing activities:      
Proceeds from maturities of available-for-sale investments 214 121 153
Proceeds from sale of available-for-sale investments 66 0 0
Purchases of available-for-sale investments (248) (221) (65)
Capital expenditures (80) (78) (116)
Other investing activities (11) 0 6
Net cash used in investing activities (59) (178) (22)
Cash flows from financing activities:      
Proceeds from issuance of common stock to employees 90 170 105
Tax payment related to net share settlements on restricted stock units (246) (39) (59)
Dividends paid (365) (316) (283)
Proceeds from debt issuances, net of discounts 0 1,994 0
Repayment of long-term debt 0 (1,050) 0
Payment of financing costs 0 (20) 0
Premium payment for early redemption of note 0 (28) 0
Net cash (used in) provided by financing activities (521) 711 (237)
Effect of foreign exchange rate changes on cash and cash equivalents (48) 69 (3)
Net increase (decrease) in cash and cash equivalents and restricted cash 1,786 2,854 1,569
Cash and cash equivalents and restricted cash at beginning of period 8,652 5,798 4,229
Cash and cash equivalents and restricted cash at end of period 10,438 8,652 5,798
Supplemental cash flow information:      
Cash paid for income taxes, net of refunds 468 806 319
Cash paid for interest $ 109 $ 82 $ 86
[1] Excludes deferral and amortization of share-based compensation expense, including liability awards accounted for under ASC 718.
[2] Includes the net effects of capitalization, deferral, and amortization of share-based compensation expense, including liability awards accounted for under ASC 718.