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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income $ 740 $ 395
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred income taxes (100) (64)
Non-cash operating lease cost 21 18
Depreciation and amortization 21 24
Amortization of capitalized software development costs [1] 102 75
Share-based compensation expense [2] 124 98
Other (35) (22)
Changes in operating assets and liabilities, net of effect of business acquisitions:    
Accounts receivable, net 443 440
Software development (161) (104)
Other assets 86 125
Deferred revenues (447) (278)
Accounts payable (150) (76)
Accrued expenses and other liabilities (67) 11
Net cash provided by operating activities 577 642
Cash flows from investing activities:    
Proceeds from maturities of available-for-sale investments 0 22
Proceeds from maturities of held-to-maturity investments 1,700 0
Capital expenditures (37) (15)
Net cash provided by investing activities 1,663 7
Cash flows from financing activities:    
Proceeds from issuance of common stock to employees 13 16
Tax payment related to net share settlements on restricted stock units (84) (113)
Net cash used in financing activities (71) (97)
Effect of foreign exchange rate changes on cash and cash equivalents 8 (10)
Net increase in cash and cash equivalents and restricted cash 2,177 542
Cash and cash equivalents and restricted cash at beginning of period 7,086 10,438
Cash and cash equivalents and restricted cash at end of period 9,263 10,980
Supplemental cash flow information - Non-cash financing activities:    
Dividends payable $ 0 $ 367
[1] Excludes deferral and amortization of share-based compensation expense, including liability awards accounted for under Accounting Standards Codification (“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.