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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash Flows from Operating Activities      
Net income $ 20,640 $ 10,590 $ 5,240
Adjustments to Reconcile Net Income to Cash Flows from Operating Activities:      
Depreciation and amortization 1,997 1,767 1,527
Change in deferred income taxes (1,707) (2,683) (2,341)
Stock-based compensation expense 626 646 629
Gains on sale of product rights (180) (224) (1,879)
Acquired in-process research and development 2,910 3,280 3,800
Other operating activities, net 620 826 319
Other changes in operating assets and liabilities, net of acquisitions and divestitures:      
Receivables—(increase) decrease (7,000) (2,155) (2,451)
Inventories—(increase) decrease (4,671) (2,507) (1,425)
Prepaid expenses and other assets—(increase) decrease (6,609) (3,331) (3,453)
Accounts payable and other liabilities—increase (decrease) 10,187 2,609 4,274
Net Cash Provided by Operating Activities 16,813 8,818 4,240
Cash Flows from Investing Activities      
Purchases of property and equipment (7,841) (5,058) (3,448)
Proceeds from sales of and distributions from noncurrent investments 964 374 508
Purchases of noncurrent investments (645) (677) (731)
Proceeds from sale of product rights 218 601 1,604
Purchases of in-process research and development (3,008) (3,346) (3,944)
Cash paid for acquisitions, net of cash acquired (661) (948) (1,044)
Other investing activities, net 1 (248) (98)
Net Cash Used for Investing Activities (10,972) (9,302) (7,153)
Cash Flows from Financing Activities      
Dividends paid (5,384) (4,680) (4,069)
Net change in short-term borrowings (4,338) (1,852) 4,691
Proceeds from issuance of long-term debt 13,167 11,417 3,959
Repayments of long-term debt (778) (664) 0
Purchases of common stock (4,108) (2,500) (750)
Other financing activities, net (772) (491) (335)
Net Cash Provided by (Used for) Financing Activities (2,213) 1,230 3,496
Effect of exchange rate changes on cash and cash equivalents 372 (297) 169
Net increase in cash and cash equivalents 4,000 449 752
Cash and cash equivalents at beginning of year 3,268 2,819 2,067
Cash and Cash Equivalents at End of Year $ 7,268 $ 3,268 $ 2,819