XML 15 R5.htm IDEA: XBRL DOCUMENT v3.22.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows From Operating Activities:    
Net Earnings $ 2,712 $ 3,090
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization, net 5,167 5,380
Deferred income taxes (1,469) (95)
Stock-based compensation 223 308
Impairment charges 83 579
Divestiture gains and royalties (612) (302)
Acquired IPRD 733 799
Equity investment losses/(gains) 952 (749)
Contingent consideration fair value adjustments 1 (510)
Other adjustments 218 235
Changes in operating assets and liabilities:    
Receivables 117 (626)
Inventories (12) 111
Accounts payable 4 158
Rebates and discounts (410) (6)
Income taxes payable (370) (795)
Other (1,264) (693)
Net Cash Provided by Operating Activities 6,073 6,884
Cash Flows From Investing Activities:    
Sale and maturities of marketable debt securities 3,788 1,968
Purchase of marketable debt securities (3,292) (2,343)
Proceeds from sales of equity investment securities 150 814
Capital expenditures (525) (383)
Divestiture and other proceeds 594 382
Acquisition and other payments, net of cash acquired (909) (401)
Net Cash (Used in)/Provided by Investing Activities (194) 37
Cash Flows From Financing Activities:    
Short-term debt obligations, net 130 (185)
Issuance of long-term debt 5,926 0
Repayment of long-term debt (8,646) (5,522)
Repurchase of common stock (5,000) (3,011)
Dividends (2,335) (2,207)
Other 752 448
Net Cash Used in Financing Activities (9,173) (10,477)
Effect of Exchange Rates on Cash, Cash Equivalents and Restricted Cash (62) (20)
Decrease in Cash, Cash Equivalents and Restricted Cash (3,356) (3,576)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 14,316 14,973
Cash, Cash Equivalents and Restricted Cash at End of Period $ 10,960 $ 11,397