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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash Flows From Operating Activities:    
Net earnings/(loss) $ 2,462 $ (11,908)
Adjustments to reconcile net earnings/(loss) to net cash provided by operating activities:    
Depreciation and amortization, net 1,012 2,532
Deferred income taxes 223 (711)
Stock-based compensation 144 133
Divestiture gains and royalties (292) (280)
Acquired IPRD 188 12,949
Equity investment (gains)/losses, net 78 (102)
Other adjustments 10 23
Changes in operating assets and liabilities:    
Receivables 15 479
Inventories (169) (218)
Accounts payable (85) 300
Rebates and discounts (627) (665)
Income taxes payable 54 910
Other (1,059) (608)
Net cash provided by operating activities 1,954 2,834
Cash Flows From Investing Activities:    
Sale and maturities of marketable debt securities 220 747
Purchase of marketable debt securities (636) (274)
Proceeds from sales of equity investments 12 5
Capital expenditures (260) (284)
Divestiture and other proceeds 243 241
Acquisition and other payments, net of cash acquired (78) (20,053)
Net cash used in investing activities (499) (19,618)
Cash Flows From Financing Activities:    
Proceeds from issuance of short-term debt obligations 0 2,987
Other short-term financing obligations, net 368 83
Proceeds from issuance of long-term debt 0 12,883
Dividends (1,258) (1,212)
Stock option proceeds and other, net (103) (97)
Net cash (used in)/provided by financing activities (993) 14,644
Effect of exchange rates on cash, cash equivalents and restricted cash 66 (45)
Increase/(decrease) in cash, cash equivalents and restricted cash 528 (2,185)
Cash, cash equivalents and restricted cash at beginning of period 10,347 11,519
Cash, cash equivalents and restricted cash at end of period $ 10,875 $ 9,334