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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net income $ 2,197 $ 1,503 $ 1,848
Adjustments to reconcile net income to net cash provided by operating activities:      
Deferred income taxes (94) (352) (35)
Non-cash operating lease cost 65 64 0
Depreciation and amortization 197 328 509
Amortization of capitalized software development costs and intellectual property licenses [1] 249 225 489
Share-based compensation expense [2] 218 166 209
Other 59 19 53
Changes in operating assets and liabilities:      
Accounts receivable, net (194) 182 (114)
Software development and intellectual property licenses (378) (275) (372)
Other assets (119) 171 (56)
Deferred revenues 216 (154) (122)
Accounts payable (10) 31 (65)
Accrued expenses and other liabilities (154) (77) (554)
Net cash provided by operating activities 2,252 1,831 1,790
Cash flows from investing activities:      
Proceeds from maturities of available-for-sale investments 121 153 116
Purchases of available-for-sale investments (221) (65) (209)
Capital expenditures (78) (116) (131)
Other investing activities 0 6 (6)
Net cash used in investing activities (178) (22) (230)
Cash flows from financing activities:      
Proceeds from issuance of common stock to employees 170 105 99
Tax payment related to net share settlements on restricted stock units (39) (59) (94)
Dividends paid (316) (283) (259)
Proceeds from debt issuances, net of discounts 1,994 0 0
Repayment of long-term debt (1,050) 0 (1,740)
Payment of financing costs (20) 0 0
Premium payment for early redemption of note (28) 0 (25)
Other financing activities 0 0 (1)
Net cash provided by (used in) financing activities 711 (237) (2,020)
Effect of foreign exchange rate changes on cash and cash equivalents 69 (3) (31)
Net increase (decrease) in cash and cash equivalents and restricted cash 2,854 1,569 (491)
Cash and cash equivalents and restricted cash at beginning of period 5,798 4,229 4,720
Cash and cash equivalents and restricted cash at end of period 8,652 5,798 4,229
Cash paid for income taxes, net of refunds 806 319 560
Cash paid for interest $ 82 $ 86 $ 150
[1] Excludes deferral and amortization of share-based compensation expense.
[2] Includes the net effects of capitalization, deferral, and amortization of share-based compensation expense.