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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flow from operating activities:    
Net income $ 404.6 $ 1,392.6
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation, amortization and impairments 146.9 119.9
Acquired in-process research and development 0.0 75.0
Share-based compensation 70.0 67.7
Contingent consideration (33.8) (4.6)
Deferred income taxes (15.0) 36.9
(Gain) loss on strategic investments 437.6 62.0
Our share of Samsung Bioepis gains (losses) 18.2 16.8
Other 71.7 28.9
Changes in operating assets and liabilities, net:    
Accounts receivable 37.2 (238.4)
Due from anti-CD20 therapeutic programs 43.8 78.6
Inventory (112.5) (62.2)
Accrued expense and other current liabilities (283.6) (347.4)
Income tax assets and liabilities 64.8 223.0
Other changes in operating assets and liabilities, net (80.9) 18.5
Net cash flow provided by operating activities 769.0 1,467.3
Cash flows from investing activities:    
Proceeds from sales and maturities of marketable securities 819.2 2,389.3
Purchases of marketable securities (913.3) (1,684.7)
Proceeds from divestiture of Hillerød, Denmark manufacturing operations 28.1 0.0
Purchases of property, plant and equipment (92.6) (149.7)
Acquired in-process research and development 0.0 (75.0)
Acquisitions of intangible assets 0.0 (37.0)
Proceeds from sales of strategic investments 91.2 0.5
Other 2.7 (0.5)
Net cash flow (used in) provided by investing activities (64.7) 442.9
Cash flows from financing activities:    
Purchases of treasury stock (600.0) (2,220.2)
Payments related to issuance of stock for share-based compensation arrangements, net (27.1) (29.6)
Repayments of borrowings and premiums paid on debt exchange (169.3) 0.0
Other 11.4 4.5
Net cash flow used in financing activities (785.0) (2,245.3)
Net increase (decrease) in cash and cash equivalents (80.7) (335.1)
Effect of exchange rate changes on cash and cash equivalents 33.0 (12.7)
Cash and cash equivalents, beginning of the period 1,331.2 2,913.7
Cash and cash equivalents, end of the period $ 1,217.5 $ 2,591.3