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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income $ 1,825.6 $ 4,214.1
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 148.7 138.5
Stock-based compensation expense 326.7 276.4
Losses (gains) on marketable and other securities, net 370.9 (553.9)
Other non-cash items, net 138.3 192.6
Deferred taxes (381.0) 51.8
Acquired in-process research and development in connection with asset acquisition 195.0 0.0
Changes in assets and liabilities:    
Decrease (increase) in accounts receivable 875.1 (2,883.9)
Increase in inventories (328.7) (221.5)
Increase in prepaid expenses and other assets (288.5) (277.8)
Increase (decrease) in deferred revenue 109.7 (64.8)
(Decrease) increase in accounts payable, accrued expenses, and other liabilities (325.7) 423.7
Total adjustments 840.5 (2,918.9)
Net cash provided by operating activities 2,666.1 1,295.2
Cash flows from investing activities:    
Purchases of marketable and other securities (3,774.9) (1,886.5)
Sales or maturities of marketable and other securities 2,181.4 1,217.1
Capital expenditures (295.4) (263.8)
Asset acquisition, net of cash acquired (230.3) 0.0
Net cash used in investing activities (2,119.2) (933.2)
Cash flows from financing activities:    
Proceeds from issuance of Common Stock 828.4 308.2
Payments in connection with Common Stock tendered for employee tax obligations (147.7) (180.7)
Repurchases of Common Stock (717.1) (612.1)
Net cash used in financing activities (36.4) (484.6)
Net increase (decrease) in cash, cash equivalents, and restricted cash 510.5 (122.6)
Cash, cash equivalents, and restricted cash at beginning of period 2,898.1 2,207.3
Cash, cash equivalents, and restricted cash at end of period $ 3,408.6 $ 2,084.7