v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities    
Net income $ 26,773 $ 16,644
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 5,999 3,900
Share-based compensation 6,032 4,147
Deferred income taxes 123 (993)
Unrealized (gain) loss on equity investments 1,075 (135)
Other (17) (96)
Changes in assets and liabilities:    
Accounts receivable 2,128 2,804
Prepaid expenses and other current assets (2,424) 360
Other assets (1,082) (52)
Accounts payable (937) (1,034)
Accrued expenses and other current liabilities (271) (2,231)
Other liabilities (5,173) 712
Net cash provided by operating activities 32,226 24,026
Cash flows from investing activities    
Purchases of property and equipment (18,997) (12,941)
Purchases of marketable securities (32,978) (11,763)
Sales and maturities of marketable securities 19,176 4,784
Purchases of non-marketable equity investments (544) (100)
Payments for held-for-sale assets (118) 0
Acquisitions of businesses and intangible assets (372) (1)
Other investing activities 155 11
Net cash used in investing activities (33,678) (20,010)
Cash flows from financing activities    
Taxes paid related to net share settlement of equity awards (4,423) (4,883)
Repurchases of Class A common stock 0 (12,754)
Payments for dividends and dividend equivalents (1,346) (1,329)
Principal payments on finance leases (843) (751)
Other financing activities 59 222
Net cash used in financing activities (6,553) (19,495)
Effect of exchange rate changes on cash, cash equivalents, restricted cash, and restricted cash equivalents 7 112
Net decrease in cash, cash equivalents, restricted cash, and restricted cash equivalents (7,998) (15,367)
Cash, cash equivalents, restricted cash, and restricted cash equivalents at beginning of the period 39,100 45,438
Cash, cash equivalents, restricted cash, and restricted cash equivalents at end of the period 31,102 30,071
Reconciliation of cash, cash equivalents, restricted cash, and restricted cash equivalents to the condensed consolidated balance sheets    
Cash and cash equivalents 23,426 28,750
Restricted cash and restricted cash equivalents, included in prepaid expenses and other current assets 340 71
Restricted cash and restricted cash equivalents, included in other assets 7,336 1,250
Total cash, cash equivalents, restricted cash, and restricted cash equivalents 31,102 30,071
Supplemental cash flow data    
Cash paid for income taxes, net 541 448
Cash paid for interest, net of amounts capitalized 284 352
Non-cash investing and financing activities:    
Property and equipment in accounts payable and accrued expenses and other current liabilities 16,040 9,338
Acquisition of businesses and intangible assets in accounts payable, accrued expenses and other current liabilities, and other liabilities 2,169 159
Repurchases of Class A common stock in accrued expenses and other current liabilities $ 0 $ 577