v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net income including non-controlling interests $ 3,124 $ 345
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 359 375
Stock-based compensation 910 939
Deferred income taxes (325) (23)
Unrealized (gain) loss on debt and equity securities, net (34) 388
Unrealized foreign currency transactions (152) 209
Other 79 (87)
Change in assets and liabilities, net of impact of business acquisitions and disposals:    
Accounts receivable (335) (584)
Prepaid expenses and other assets (748) (430)
Operating lease right-of-use assets 89 93
Accounts payable 131 (24)
Accrued insurance reserves 1,487 1,371
Accrued expenses and other liabilities 410 745
Operating lease liabilities (107) (81)
Net cash provided by operating activities 4,888 3,236
Cash flows from investing activities    
Purchases of property and equipment (163) (156)
Purchases of non-marketable equity securities (191) (232)
Purchases of marketable securities (7,635) (5,317)
Proceeds from maturities and sales of marketable securities 7,033 3,851
Acquisition of businesses, net of cash acquired (804) 0
Other investing activities (243) (64)
Net cash used in investing activities (2,003) (1,918)
Cash flows from financing activities    
Issuance of term loan and notes, net of issuance costs 1,127 0
Principal repayment on term loan and notes 0 (13)
Principal payments on finance leases (75) (77)
Proceeds from the issuance of common stock under the Employee Stock Purchase Plan 120 103
Repurchases of common stock (3,148) (325)
Other financing activities (81) 21
Net cash used in financing activities (2,057) (291)
Effect of exchange rate changes on cash and cash equivalents, and restricted cash and cash equivalents 229 (150)
Net increase in cash and cash equivalents, and restricted cash and cash equivalents 1,057 877
Cash and cash equivalents, and restricted cash and cash equivalents    
Beginning of period 8,610 7,004
End of period 9,667 7,881
Reconciliation of cash and cash equivalents, and restricted cash and cash equivalents to the condensed consolidated balance sheets    
Cash and cash equivalents 6,438 4,497
Restricted cash and cash equivalents-current 1,191 776
Restricted cash and cash equivalents-non-current 2,038 2,608
Total cash and cash equivalents, and restricted cash and cash equivalents 9,667 7,881
Cash paid for:    
Interest, net of amount capitalized 187 260
Income taxes, net of refunds $ 167 $ 157