v3.25.4
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 $ 3,855 $ 7,153 $ 14,974
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and impairment 6,148 5,368 4,667
Stock-based compensation 2,825 1,999 1,812
Inventory and purchase commitments write-downs 362 335 463
Foreign currency transaction net unrealized loss (gain) 452 (73) (144)
Deferred income taxes 123 477 (6,349)
Non-cash interest and other operating activities 272 172 81
Digital assets loss (gain), net 68 (589) 0
Changes in operating assets and liabilities:      
Accounts receivable (261) (1,083) (586)
Inventory (630) 937 (1,195)
Operating lease vehicles (25) (590) (1,952)
Prepaid expenses and other assets (3,181) (3,273) (2,652)
Accounts payable, accrued and other liabilities 4,376 3,588 2,605
Deferred revenue 363 502 1,532
Net cash provided by operating activities 14,747 14,923 13,256
Cash Flows from Investing Activities      
Purchases of property and equipment excluding finance leases, net of sales (8,527) (11,342) (8,899)
Purchases of investments (37,109) (35,955) (19,112)
Proceeds from maturities of investments 30,158 28,310 12,353
Proceeds from sales of investments 0 200 138
Business combinations, net of cash acquired 0 0 (64)
Net cash used in investing activities (15,478) (18,787) (15,584)
Cash Flows from Financing Activities      
Proceeds from issuances of debt 5,586 5,744 3,931
Repayments of debt (5,546) (2,500) (1,351)
Proceeds from exercises of stock options and other stock issuances, net of issuance costs 1,186 1,241 700
Principal payments on finance leases (104) (381) (464)
Proceeds received from directors in shareholder settlement 277 0 0
Payment of legal fees associated with shareholder settlement (176) 0 0
Debt issuance costs (6) (14) (29)
Distributions paid to noncontrolling interests in subsidiaries (78) (104) (144)
Payments for buy-outs of noncontrolling interests in subsidiaries 0 (133) (54)
Net cash provided by financing activities 1,139 3,853 2,589
Effect of exchange rate changes on cash and cash equivalents and restricted cash 171 (141) 4
Net increase (decrease) in cash and cash equivalents and restricted cash 579 (152) 265
Cash and cash equivalents and restricted cash, beginning of period 17,037 17,189 16,924
Cash and cash equivalents and restricted cash, end of period 17,616 17,037 17,189
Supplemental Non-Cash Investing and Financing Activities      
Acquisitions of property and equipment included in liabilities 1,913 1,410 2,272
Supplemental Disclosures      
Cash paid during the period for interest $ 292 $ 277 $ 126