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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating activities    
Net income $ 79 $ 3,657
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Stock-based compensation 75 44
Depreciation and amortization 78 79
Amortization/accretion of investments (17) 18
Loss on equity investments, net 18 0
Deferred income taxes (310) (146)
Other non-cash items (4) 0
Changes in assets and liabilities, net of acquisition of business:    
Accounts receivable 272 1
Prepaid expenses and other assets (212) (414)
Inventory 216 (501)
Right-of-use assets, operating leases 4 10
Accounts payable (117) (35)
Accrued liabilities (495) 114
Deferred revenue (819) (805)
Income taxes payable 18 716
Operating lease liabilities 4 (10)
Other liabilities (15) 35
Net cash (used in) provided by operating activities (1,225) 2,763
Investing activities    
Purchases of marketable securities (1,085) (5,572)
Proceeds from maturities of marketable securities 1,360 441
Proceeds from sales of marketable securities 1,957 1,377
Purchases of property, plant and equipment (113) (132)
Acquisition of business, net of cash acquired (85) 0
Investment in convertible notes and equity securities (23) (35)
Net cash provided by (used in) investing activities 2,011 (3,921)
Financing activities    
Proceeds from issuance of common stock through equity plans 9 12
Repurchase of common stock (526) (623)
Changes in financing lease liabilities (25) (31)
Net cash used in financing activities (542) (642)
Net increase (decrease) in cash, cash equivalents and restricted cash 244 (1,800)
Cash, cash equivalents and restricted cash, beginning of year 3,217 6,860
Cash, cash equivalents and restricted cash, end of period 3,461 5,060
Non-cash investing and financing activities    
Purchases of property and equipment included in accounts payable and accrued liabilities 98 64
Right-of-use assets reduced through finance lease modifications and reassessments (60) 0
Right-of-use assets obtained in exchange for financing lease liabilities $ 0 $ 94