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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 $ 4,504.9 $ 4,412.6 $ 3,953.6
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 543.7 482.9 421.0
Stock-based compensation expense 993.7 982.8 885.0
(Gains) losses on marketable and other securities, net (946.1) (118.3) 266.4
Other, net 135.5 36.1 (0.1)
Deferred income taxes (785.4) (757.3) (837.8)
Changes in assets and liabilities:      
Decrease (increase) in accounts receivable 498.1 (554.0) (338.8)
Increase in inventories (275.3) (619.7) (271.7)
Increase in prepaid expenses and other assets (375.3) (407.5) (120.1)
(Decrease) increase in deferred revenue (51.7) 227.8 37.9
Increase in accounts payable, accrued expenses, and other liabilities 736.8 735.1 598.6
Total adjustments 474.0 7.9 640.4
Net cash provided by operating activities 4,978.9 4,420.5 4,594.0
Cash flows from investing activities:      
Purchases of marketable and other securities (10,958.3) (16,617.4) (11,646.0)
Sales or maturities of marketable and other securities 11,546.2 15,027.3 9,442.2
Capital expenditures (898.4) (755.9) (718.6)
Proceeds from sale of property, plant, and equipment 0.0 20.1 0.0
Payments for intangible assets (315.3) (125.7) (207.8)
Acquisitions, net of cash acquired (3.3) (16.5) (54.9)
Net cash used in investing activities (629.1) (2,468.1) (3,185.1)
Cash flows from financing activities:      
Proceeds from issuance of Common Stock 635.9 1,465.3 1,145.5
Payments in connection with Common Stock tendered for employee tax obligations (532.1) (1,029.1) (700.6)
Repurchases of Common Stock (3,438.6) (2,603.3) (2,235.0)
Dividends paid (370.3) 0.0 0.0
Other (10.3) (33.4) 0.0
Net cash used in financing activities (3,715.4) (2,200.5) (1,790.1)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 0.3 (0.7) (0.4)
Net increase (decrease) in cash, cash equivalents, and restricted cash 634.7 (248.8) (381.6)
Cash, cash equivalents, and restricted cash at beginning of period 2,489.0 2,737.8 3,119.4
Cash, cash equivalents, and restricted cash at end of period 3,123.7 2,489.0 2,737.8
Supplemental disclosure of cash flow information      
Cash paid for interest (net of amounts capitalized) $ 41.6 $ 52.6 $ 73.1