Accounting Policies and Supplemental Disclosures (Tables)

3 Months Ended

Mar. 31, 2023

The following table shows supplemental cash flow information (in millions):


	Three Months Ended March 31,				Twelve Months Ended March 31,
	2022		2023			2022		2023
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest on debt	$	279	$	402		$	1,101	$	1,684
Cash paid for operating leases	2,367		2,467			7,449		8,733
Cash paid for interest on finance leases	107		81			471		348
Cash paid for interest on financing obligations	58		59			178		208
Cash paid for income taxes, net of refunds	453		619			3,340		6,201
Assets acquired under operating leases	2,175		3,626			24,008		20,251
Property and equipment acquired under finance leases, net of remeasurements and modifications	166		8			5,160		517
Property and equipment recognized during the construction period of build-to-suit lease arrangements	1,365		131			6,324		1,953
Property and equipment derecognized after the construction period of build-to-suit lease arrangements, with the associated leases recognized as operating	33		720			263		5,845

The following table shows the calculation of diluted shares (in millions):


	Three Months Ended March 31,
	2022	2023
Shares used in computation of basic earnings per share	10,171	10,250
Total dilutive effect of outstanding stock awards	—	97
Shares used in computation of diluted earnings per share	10,171	10,347

Other income (expense), net, is as follows (in millions):


	Three Months Ended March 31,
	2022		2023
Marketable equity securities valuation gains (losses)	$	(8,245)	$	(480)
Equity warrant valuation gains (losses)	(312)		59
Upward adjustments relating to equity investments in private companies	7		16
Foreign currency gains (losses)	14		70
Other, net	(34)		(108)
Total other income (expense), net	(8,570)		(443)

Required summarized financial information of Rivian as disclosed in its most recent SEC filings is as follows (in millions):