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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net income $ 1,627 $ 1,416
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Losses (gains) on investment securities, net 137 (86)
Equity in net losses (earnings) 2 (54)
Stock-based compensation 93 84
Depreciation 369 308
Amortization 45 30
Impairment on property and equipment 140 0
Provision for deferred income taxes 167 0
Changes in operating assets and liabilities, net of effect of businesses acquired:    
Receivables (1,733) (1,285)
Other assets (655) (879)
Benefits payable 1,361 300
Other liabilities (333) (301)
Unearned revenues 10 5
Other 31 (15)
Net cash provided by (used in) operating activities 1,261 (477)
Cash flows from investing activities    
Acquisitions, net of cash and cash equivalents acquired (167) (325)
Purchases of property and equipment, net (574) (619)
Purchases of investment securities (3,239) (5,307)
Proceeds from maturities of investment securities 947 1,627
Proceeds from sales of investment securities 1,363 2,421
Net cash used in investing activities (1,670) (2,203)
Cash flows from financing activities    
Receipts from contract deposits, net 3,076 1,183
Proceeds from issuance of senior notes, net 744 0
(Repayments) proceeds from issuance of commercial paper, net (418) 508
Debt issue costs (2) (21)
Change in book overdraft 65 (84)
Common stock repurchases (1,028) (33)
Dividends paid (191) (173)
Other (11) 5
Net cash provided by financing activities 2,235 1,385
Increase (decrease) in cash and cash equivalents 1,826 (1,295)
Cash and cash equivalents at beginning of period 3,394 4,673
Cash and cash equivalents at end of period [1] 5,220 3,378
Supplemental cash flow disclosures:    
Interest payments 171 132
Income tax payments, net 373 386
Details of businesses acquired in purchase transactions:    
Fair value of assets acquired, net of cash and cash equivalents acquired 190 602
Less: Fair value of liabilities assumed (23) (277)
Cash paid for acquired businesses, net of cash and cash equivalents acquired $ 167 $ 325
[1] Includes $67 million of cash and cash equivalents classified as held-for-sale at June 30, 2022.