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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Cash receipts from customers $ 66,487 $ 63,751
Cash paid for inventory and prescriptions dispensed by retail network pharmacies (39,171) (36,969)
Insurance benefits paid (15,456) (14,303)
Cash paid to other suppliers and employees (8,270) (8,187)
Interest and investment income received 222 206
Interest paid (876) (1,128)
Income taxes paid (44) (65)
Net cash provided by operating activities 2,892 3,305
Cash flows from investing activities:    
Proceeds from sales and maturities of investments 2,177 1,288
Purchases of investments (3,131) (1,535)
Purchases of property and equipment (829) (742)
Acquisitions (net of cash acquired) (84) (613)
Other 0 5
Net cash used in investing activities (1,867) (1,597)
Cash flows from financing activities:    
Net borrowings of short-term debt 252 255
Proceeds from issuance of long-term debt 0 3,946
Repayments of long-term debt (3,049) (1,008)
Dividends paid (656) (652)
Proceeds from exercise of stock options 212 154
Payments for taxes related to net share settlement of equity awards (3) (16)
Other 0 (4)
Net cash provided by (used in) financing activities (3,244) 2,675
Net increase (decrease) in cash, cash equivalents and restricted cash (2,219) 4,383
Cash, cash equivalents and restricted cash at the beginning of the period 8,130 5,954
Cash, cash equivalents and restricted cash at the end of the period 5,911 10,337
Reconciliation of net income to net cash provided by operating activities:    
Net income 2,224 2,012
Adjustments required to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,126 1,086
Stock-based compensation 87 96
Deferred income taxes and other noncash items (166) (35)
Change in operating assets and liabilities, net of effects from acquisitions:    
Accounts receivable, net (2,093) (2,715)
Inventories 879 541
Other assets (223) (1,119)
Accounts payable and pharmacy claims and discounts payable 576 1,928
Health care costs payable and other insurance liabilities 294 139
Other liabilities $ 188 $ 1,372