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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities    
Net earnings $ 10,161 $ 6,942
Noncash items:    
Depreciation and amortization 1,440 1,293
Deferred income taxes 114 195
Share-based compensation 388 398
Other, net 124 (127)
Net change in other operating items, net of effects from acquisitions and changes in AARP balances:    
Accounts receivable (439) 2,196
Other assets (3,784) (1,774)
Medical costs payable (2,353) 447
Accounts payable and other liabilities 7,591 (33)
Unearned revenues (296) (429)
Cash flows from operating activities 12,946 9,108
Investing activities    
Purchases of investments (6,412) (7,649)
Sales of investments 3,548 2,680
Maturities of investments 3,437 3,315
Cash paid for acquisitions, net of cash assumed (3,952) (4,751)
Purchases of property, equipment and capitalized software (920) (977)
Other, net (186) 504
Cash flows used for investing activities (4,485) (6,878)
Financing activities    
Common share repurchases (1,691) (4,501)
Cash dividends paid (2,212) (1,884)
Proceeds from common stock issuances 870 448
Repayments of long-term debt 0 (1,250)
Proceeds from short-term borrowings, net 351 6,924
Proceeds from issuance of long-term debt 4,864 0
Customer funds administered 1,263 1,435
Other, net (421) (529)
Cash flows from financing activities 3,024 643
Effect of exchange rate changes on cash and cash equivalents (143) 6
Increase in cash and cash equivalents 11,342 2,879
Cash and cash equivalents, beginning of period 10,985 10,866
Cash and cash equivalents, end of period $ 22,327 $ 13,745