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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating activities    
Net income $ 6,657 $ 9,401
Adjustments:    
Depreciation and impairment of property and equipment 2,416 1,791
Amortization and impairment of intangible assets 197 195
Stock-based compensation expense 2,769 2,457
Deferred income taxes (73) (18)
Gain on debt and equity securities, net (1,081) (2,992)
Other 22 (257)
Changes in assets and liabilities, net of effects of acquisitions:    
Accounts receivable 1,172 1,700
Income taxes, net 1,068 782
Other assets (265) (241)
Accounts payable (425) 122
Accrued expenses and other liabilities (229) (1,142)
Accrued revenue share (147) (286)
Deferred revenue (81) 130
Net cash provided by operating activities 12,000 11,642
Investing activities    
Purchases of property and equipment (4,638) (7,299)
Proceeds from disposals of property and equipment 34 30
Purchases of marketable securities (20,883) (8,849)
Maturities and sales of marketable securities 21,006 9,351
Purchases of non-marketable investments (907) (327)
Maturities and sales of non-marketable investments 99 498
Acquisitions, net of cash acquired, and purchases of intangible assets (99) (1,250)
Net cash used in investing activities (5,388) (7,846)
Financing activities    
Net payments related to stock-based award activities (1,175) (1,158)
Repurchases of capital stock (3,025) (2,173)
Proceeds from issuance of debt, net of costs 315 4,691
Repayments of debt (345) (3,378)
Proceeds from sale of subsidiary shares 47 0
Net cash used in financing activities (4,183) (2,018)
Effect of exchange rate changes on cash and cash equivalents 18 165
Net increase in cash and cash equivalents 2,447 1,943
Cash and cash equivalents at beginning of period 16,701 10,715
Cash and cash equivalents at end of period $ 19,148 $ 12,658