Accounting Policies and Supplemental Disclosures (Tables)

3 Months Ended

Mar. 31, 2024

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


	Three Months Ended March 31,				Twelve Months Ended March 31,
	2023		2024			2023		2024
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest on debt, net of capitalized interest	$	402	$	269		$	1,684	$	2,475
Cash paid for operating leases	2,467		3,332			8,733		11,318
Cash paid for interest on finance leases	81		74			348		301
Cash paid for interest on financing obligations	59		64			208		201
Cash paid for income taxes, net of refunds	619		458			6,201		11,018
Assets acquired under operating leases	3,626		3,753			20,251		14,179
Property and equipment acquired under finance leases, net of remeasurements and modifications	8		42			517		676
Property and equipment recognized during the construction period of build-to-suit lease arrangements	131		37			1,953		263
Property and equipment derecognized after the construction period of build-to-suit lease arrangements, with the associated leases recognized as operating	720		—			5,845		654

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


	Three Months Ended March 31,
	2023	2024
Shares used in computation of basic earnings per share	10,250	10,393
Total dilutive effect of outstanding stock awards	97	277
Shares used in computation of diluted earnings per share	10,347	10,670

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


	Three Months Ended March 31,
	2023		2024
Marketable equity securities valuation gains (losses)	$	(480)	$	(2,126)
Equity warrant valuation gains (losses)	59		(230)
Upward adjustments relating to equity investments in private companies	16		5
Foreign currency gains (losses)	70		(74)
Other, net	(108)		(248)
Total other income (expense), net	(443)		(2,673)

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


	Twelve Months Ended December 31,
	2022		2023
Revenues	$	1,658	$	4,434
Gross profit	(3,123)		(2,030)
Loss from operations	(6,856)		(5,739)
Net loss	(6,752)		(5,432)