XML 72 R5.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Statement of Cash Flows [Abstract]    
Net income $ 1,019.1 $ 833.7
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and loss on disposal of property, plant, and equipment 108.0 76.8
Amortization of intangible assets 31.2 9.7
Loss (gain) on investments, accretion, and amortization, net (6.6) 3.2
Deferred income taxes (8.3) 52.3
Share-based compensation expense 246.6 190.8
Amortization of contract acquisition assets 9.2 7.9
Changes in operating assets and liabilities, net of effects of acquisition:    
Accounts receivable 50.6 (65.2)
Inventory (293.4) (205.8)
Prepaids and other assets (95.1) (89.3)
Accounts payable 24.7 13.4
Accrued compensation and employee benefits (6.8) (21.5)
Deferred revenue 5.8 34.7
Other liabilities (39.5) (9.2)
Net cash provided by operating activities 1,045.5 831.5
Investing activities:    
Purchase of investments (2,543.4) (1,694.0)
Proceeds from Sale of Investments 82.1 274.0
Proceeds from maturities of investments 2,028.5 1,048.7
Purchase of property, plant, and equipment and intellectual property (283.6) (131.9)
Acquisition of businesses, net of cash (31.8) (60.1)
Net cash provided by (used in) investing activities (748.2) (563.3)
Financing activities:    
Proceeds from issuance of common stock relating to employee stock plans 205.7 199.6
Taxes paid related to net share settlement of equity awards (152.9) (115.0)
Repurchase of common stock (269.5) 0.0
Capital contribution from noncontrolling interest 10.0 8.0
Other financing activities (12.5) 0.0
Net cash provided by (used in) financing activities (219.2) 92.6
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (2.9) (0.7)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total 75.2 360.1
Cash, cash equivalents, and restricted cash, beginning of period 909.4 663.2
Cash, cash equivalents, and restricted cash, end of period $ 984.6 $ 1,023.3