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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income $ 3,619.6 $ 3,322.0 $ 2,342.1
Adjustments to reconcile net income to net cash provided by operating activities:      
Stock-based compensation expense 581.2 491.3 441.4
Depreciation and amortization expenses 181.3 148.3 125.6
Deferred income taxes (536.5) (275.9) (154.6)
Losses (gains) on equity securities 0.6 149.1 (17.1)
Decrease in fair value of contingent consideration (51.6) (57.5) (3.1)
Other non-cash items, net 8.4 11.8 14.4
Changes in operating assets and liabilities:      
Accounts receivable, net (84.1) (358.6) (274.7)
Inventories (322.9) (136.4) (92.8)
Prepaid expenses and other assets (545.7) (326.4) (91.8)
Accounts payable 48.7 120.8 31.9
Accrued expenses 429.4 542.5 305.4
Other liabilities 208.9 498.9 16.8
Net cash provided by operating activities 3,537.3 4,129.9 2,643.5
Cash flows from investing activities:      
Purchases of available-for-sale debt securities (3,786.5) (692.7) (528.2)
Sales and maturities of available-for-sale debt securities 839.1 920.0 499.3
Purchases of property and equipment (200.4) (204.7) (235.0)
Sale of equity securities 95.1 0.0 0.0
Investment in equity securities and notes receivable (31.0) (47.8) (77.0)
Payments related to finite-lived intangible assets (58.0) 0.0 0.0
Payment to acquire ViaCyte, net of cash acquired 0.0 (295.9) 0.0
Net cash used in investing activities (3,141.7) (321.1) (340.9)
Cash flows from financing activities:      
Issuances of common stock under benefit plans 134.6 186.3 102.0
Repurchases of common stock (427.6) 0.0 (1,425.4)
Payments in connection with common stock withheld for employee tax obligations (226.1) (172.0) (135.9)
Payments on finance leases (44.9) (85.5) (47.0)
Proceeds from finance leases and other financing activities 1.8 3.5 28.3
Net cash used in financing activities (562.2) (67.7) (1,478.0)
Effect of changes in exchange rates on cash 26.9 (29.2) (13.4)
Net (decrease) increase in cash, cash equivalents and restricted cash (139.7) 3,711.9 811.2
Cash, cash equivalents and restricted cash—beginning of period 10,512.0 6,800.1 5,988.9
Cash, cash equivalents and restricted cash—end of period 10,372.3 10,512.0 6,800.1
Supplemental disclosure of cash flow information:      
Cash paid for income taxes 1,677.3 1,057.8 476.3
Cash paid for interest 43.1 52.3 56.3
Net payments due to CRISPR Therapeutics related to finite-lived intangible assets $ 180.0 $ 0.0 $ 0.0