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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating Activities:      
Net income $ 4,644 $ 13,488 $ 18,106
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation expense 233 177 161
Amortization expense 1,053 981 937
Stock-based compensation expense 638 380 382
Deferred income taxes (82) (119) (393)
In-process research and development impairment 0 432 0
Other 304 162 562
Changes in operating assets and liabilities:      
Accounts receivable, net 754 1,192 (1,397)
Inventories (253) (488) (855)
Prepaid expenses and other 358 (520) (90)
Accounts payable (430) 47 226
Income taxes payable 5,497 1,010 269
Accrued liabilities (818) 305 3,342
Net cash provided by operating activities 11,898 17,047 21,250
Investing Activities:      
Purchases of marketable securities (23,314) (25,619) (17,239)
Proceeds from sales of marketable securities 10,440 13,039 4,792
Proceeds from maturities of marketable securities 7,821 1,700 719
Other investments 0 (357) 0
Acquisitions, net of cash acquired (10,426) 0 0
Capital expenditures (590) (748) (747)
Net cash used in investing activities (16,069) (11,985) (12,475)
Financing Activities:      
Proceeds from debt financing, net of issuance costs 8,985 5,293 9,902
Proceeds from convertible note hedges 0 956 784
Proceeds from issuances of common stock 234 208 319
Repurchases of common stock (954) (11,001) (10,002)
Repayments of debt and other obligations (1,811) (1,981) (997)
Payments to settle warrants 0 (469) (3,865)
Payment of dividends (2,731) (2,455) (1,874)
Other (330) (276) (151)
Net cash provided by (used in) financing activities 3,393 (9,725) (5,884)
Effect of exchange rate changes on cash and cash equivalents 137 41 (67)
Net change in cash and cash equivalents (641) (4,622) 2,824
Cash and cash equivalents at beginning of period 8,229 12,851 10,027
Cash and cash equivalents at end of period 7,588 8,229 12,851
Supplemental disclosure of cash flow information:      
Interest paid, net of amounts capitalized 1,038 885 529
Income taxes paid $ 3,342 $ 2,436 $ 3,137