XML 47 R7.htm IDEA: XBRL DOCUMENT v3.2.0.727
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities    
Net earnings $ 2,388 $ 2,078
Adjustments to reconcile net earnings to net cash from operating activities:    
Depreciation 194 192
Amortization of intangible assets 154 209
Stock-based compensation 174 154
Upfront costs related to collaborations 150 16
Other, net 395 (60)
Changes in operating assets and liabilities, net of acquisitions:    
Accounts and other receivables (588) 120
Inventories (160) 97
Prepaid expenses and other assets 301 (248)
Accounts payable and other liabilities 409 (217)
Cash flows from operating activities 3,417 2,341
Cash flows from investing activities    
Acquisitions of Pharmacyclics, Inc., net of cash acquired (11,488)  
Other acquisitions and investments (794) (17)
Acquisitions of property and equipment (260) (279)
Purchases of investment securities (851) (1,160)
Sales and maturities of investment securities 9 300
Cash flows from investing activities (13,384) (1,156)
Cash flows from financing activities    
Net change in short-term borrowings (425) (162)
Proceeds from issuance of long-term debt 16,655  
Debt issuance cost (179)  
Dividends paid (1,604) (1,314)
Purchases of treasury stock (5,344) (353)
Proceeds from the exercise of stock options 101 127
Net transactions with Abbott Laboratories, excluding noncash items   53
Other, net 35 (43)
Cash flows from financing activities 9,239 (1,692)
Effect of exchange rate changes on cash and equivalents (220) (2)
Net decrease in cash and equivalents (948) (509)
Cash and equivalents, beginning of period 8,348 9,595
Cash and equivalents, end of period 7,400 $ 9,086
Supplemental Schedule of Non-Cash Investing and Financing Activities    
Issuance of common stock associated with the acquisition of Pharmacyclics, Inc. $ 8,405