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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash Flows from Operating Activities    
Net (loss) income $ (3,147) $ 8,256
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Amortization 1,020 1,163
Depreciation 874 895
(Income) loss from investments in equity securities, net (274) 991
Charge for the acquisition of Prometheus Biosciences, Inc. 10,217 0
Charge for the acquisition of Imago BioSciences, Inc. 1,192 0
Deferred income taxes (632) (600)
Share-based compensation 314 257
Other 5 799
Net changes in assets and liabilities (4,526) (2,698)
Net Cash Provided by Operating Activities 5,043 9,063
Cash Flows from Investing Activities    
Capital expenditures (1,972) (2,113)
Purchases of securities and other investments (587) (705)
Proceeds from sales of securities and other investments 785 374
Acquisition of Prometheus Biosciences, Inc., net of cash acquired (10,705) 0
Acquisition of Imago BioSciences, Inc., net of cash acquired (1,327) 0
Other 4 194
Net Cash Used in Investing Activities (13,802) (2,250)
Cash Flows from Financing Activities    
Net change in short-term borrowings 1,937 0
Proceeds from issuance of debt 5,946 0
Payments on debt (1,751) (1,250)
Purchases of treasury stock (487) 0
Dividends paid to stockholders (3,738) (3,515)
Proceeds from exercise of stock options 112 109
Other (315) (207)
Net Cash Provided by (Used in) Financing Activities 1,704 (4,863)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash (6) (364)
Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash (7,061) 1,586
Cash, Cash Equivalents and Restricted Cash at Beginning of Year (includes restricted cash of $79 and $71 at January 1, 2023 and 2022, respectively, included in Other current assets) 12,773 8,167
Cash, Cash Equivalents and Restricted Cash at End of Period (includes restricted cash of $52 and $78 at June 30, 2023 and 2022, respectively, included in Other current assets) $ 5,712 $ 9,753