XML 35 R9.htm IDEA: XBRL DOCUMENT v3.22.0.1
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 $ 2,342.1 $ 2,711.7 $ 1,176.8
Adjustments to reconcile net income to net cash provided by operating activities:      
Stock-based compensation expense 441.4 429.5 360.5
Depreciation expense 125.6 109.5 106.9
Deferred income taxes (154.6) 277.3 167.4
Gains on equity securities (17.1) (311.9) (197.6)
(Decrease) increase in fair value of contingent consideration (3.1) 13.1 4.5
Other non-cash items, net 14.4 78.7 16.9
Changes in operating assets and liabilities:      
Accounts receivable, net (274.7) (223.4) (225.6)
Inventories (92.8) (132.0) (64.0)
Prepaid expenses and other assets (91.8) (297.6) 35.4
Accounts payable 31.9 51.3 (22.8)
Accrued expenses 305.4 122.2 172.9
Other liabilities 16.8 425.1 38.0
Net cash provided by operating activities 2,643.5 3,253.5 1,569.3
Cash flows from investing activities:      
Payments to acquire businesses, net of cash acquired 0.0 0.0 (1,154.2)
Purchases of available-for-sale debt securities (528.2) (431.4) (537.2)
Maturities of available-for-sale debt securities 499.3 372.3 475.9
Sale of equity securities 0.0 437.6 94.9
Purchases of property and equipment (235.0) (259.8) (75.4)
Investment in equity securities and notes receivable (77.0) (19.3) (39.3)
Net cash (used in) provided by investing activities (340.9) 99.4 (1,235.3)
Cash flows from financing activities:      
Issuances of common stock under benefit plans 102.0 264.9 343.2
Repurchases of common stock (1,425.4) (539.1) (186.0)
Payments in connection with common stock withheld for employee tax obligations (135.9) (200.3) (6.0)
Payments on finance leases (47.0) (42.3) (39.2)
Proceeds from finance leases 22.6 13.3 10.0
Other financing activities 5.7 (1.8) 4.8
Net cash (used in) provided by financing activities (1,478.0) (505.3) 126.8
Effect of changes in exchange rates on cash (13.4) 20.6 1.6
Net increase in cash, cash equivalents and restricted cash 811.2 2,868.2 462.4
Cash, cash equivalents and restricted cash—beginning of period 5,988.9 3,120.7 2,658.3
Cash, cash equivalents and restricted cash—end of period 6,800.1 5,988.9 3,120.7
Supplemental disclosure of cash flow information:      
Cash paid for interest 56.3 54.5 55.6
Cash paid for income taxes $ 476.3 $ 191.8 $ 24.7