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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income $ 1,513 $ 2,699 $ 2,197
Adjustments to reconcile net income to net cash provided by operating activities:      
Deferred income taxes (164) 7 (94)
Non-cash operating lease cost 77 65 65
Depreciation and amortization 106 116 197
Amortization of capitalized software development costs [1] 213 324 249
Share-based compensation expense [2] 462 508 218
Other (31) (26) 28
Changes in operating assets and liabilities, net of effect of business acquisitions:      
Accounts receivable, net (231) 71 (194)
Software development (693) (426) (378)
Other assets (140) (114) (88)
Deferred revenues 987 (537) 216
Accounts payable 37 (7) (10)
Accrued expenses and other liabilities 84 (266) (154)
Net cash provided by operating activities 2,220 2,414 2,252
Cash flows from investing activities:      
Proceeds from maturities of available-for-sale investments 213 214 121
Proceeds from sale of available-for-sale investments 26 66 0
Purchases of available-for-sale investments (109) (248) (221)
Purchases of held-to-maturity investments (4,899) 0 0
Acquisition of business, net of cash acquired (Note 8) (135) 0 0
Capital expenditures (91) (80) (78)
Other investing activities 1 (11) 0
Net cash used in investing activities (4,994) (59) (178)
Cash flows from financing activities:      
Proceeds from issuance of common stock to employees 47 90 170
Tax payment related to net share settlements on restricted stock units (214) (246) (39)
Dividends paid (367) (365) (316)
Proceeds from debt issuances, net of discounts 0 0 1,994
Repayment of long-term debt 0 0 (1,050)
Payment of financing costs 0 0 (20)
Premium payment for early redemption of note 0 0 (28)
Net cash (used in) provided by financing activities (534) (521) 711
Effect of foreign exchange rate changes on cash and cash equivalents (44) (48) 69
Net (decrease) increase in cash and cash equivalents and restricted cash (3,352) 1,786 2,854
Cash and cash equivalents and restricted cash at beginning of period 10,438 8,652 5,798
Cash and cash equivalents and restricted cash at end of period 7,086 10,438 8,652
Supplemental cash flow information:      
Cash paid for income taxes, net of refunds 323 468 806
Cash paid for interest $ 105 $ 109 $ 82
[1] Excludes deferral and amortization of share-based compensation expense, including liability awards accounted for under Accounting Standards Codification (“ASC”) 718.
[2] Includes the net effects of capitalization, deferral, and amortization of share-based compensation expense, including liability awards accounted for under ASC 718.