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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities    
Net income $ 1,416 $ 2,301
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Gains on investment securities, net (86) (51)
Equity in net earnings (54) (33)
Stock-based compensation 84 82
Depreciation 308 252
Amortization 30 43
Benefit for deferred income taxes 0 (3)
Changes in operating assets and liabilities, net of effect of businesses acquired and dispositions:    
Receivables (1,285) (1,185)
Other assets (879) (2,124)
Benefits payable 300 1,976
Other liabilities (301) 2,267
Unearned revenues 5 19
Other (15) (3)
Net cash (used in) provided by operating activities (477) 3,541
Cash flows from investing activities    
Acquisitions, net of cash acquired (325) (709)
Purchases of property and equipment (619) (418)
Purchases of investment securities (5,307) (5,464)
Maturities of investment securities 1,627 1,645
Proceeds from sales of investment securities 2,421 2,084
Net cash used in investing activities (2,203) (2,862)
Cash flows from financing activities    
Receipts from contract deposits, net 1,183 389
Proceeds from issuance of senior notes, net 0 1,088
Proceeds from issuance of commercial paper, net 508 21
Proceeds from term loan 0 1,000
Debt issue costs (21) 0
Change in book overdraft (84) 85
Common stock repurchases (33) (25)
Dividends paid (173) (156)
Proceeds from stock option exercises and other, net 5 28
Net cash provided by financing activities 1,385 2,430
(Decrease) increase in cash and cash equivalents (1,295) 3,109
Cash and cash equivalents at beginning of period 4,673 4,054
Cash and cash equivalents at end of period 3,378 7,163
Supplemental cash flow disclosures:    
Interest payments 132 115
Income tax payments, net $ 386 $ 36