XML 71 R9.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net earnings (loss) $ (16,708) $ 424 $ 164
Adjustment to reconcile net earnings (loss) to net cash provided by operating activities:      
Depreciation and amortization 3,846 4,015 3,714
Amortization of debt issuance costs 31 30 31
Asset impairments 17,709 202 136
Loss (gain) on sale of businesses, investments and other (53) (227) 9
Loss on extinguishment of debt 0 528 0
Stock-based compensation 215 383 283
Deferred income taxes (544) (81) (206)
Net changes in assets and liabilities, net of effects from acquisitions and foreign currency:      
Trade and other receivables (155) (552) (75)
Settlement activity 287 653 862
Prepaid expenses and other assets (319) (526) (278)
Deferred contract costs (479) (453) (473)
Deferred revenue 21 23 58
Accounts payable, accrued liabilities, and other liabilities 88 391 217
Net cash provided by operating activities 3,939 4,810 4,442
Cash flows from investing activities:      
Additions to property and equipment (268) (320) (263)
Additions to software (1,122) (931) (866)
Acquisitions, net of cash acquired 0 (767) (469)
Net proceeds from sale of businesses and investments 50 370 0
Settlement of net investment hedge cross-currency interest rate swaps 726 (24) 0
Proceeds from sale of Visa preferred stock 269 0 552
Other investing activities, net (28) (99) 132
Net cash provided by (used in) investing activities (373) (1,771) (914)
Cash flows from financing activities:      
Borrowings 75,335 54,073 47,695
Repayment of borrowings and other financing obligations (74,410) (53,440) (49,067)
Debt issuance costs (23) (74) 0
Net proceeds from stock issued under stock-based compensation plans 57 121 332
Treasury stock activity (1,938) (2,114) (112)
Dividends paid (1,138) (961) (868)
Payments on contingent value rights (245) 0 (691)
Payments on tax receivable agreement (185) (85) (32)
Other financing activities, net (26) (58) (8)
Net cash provided by (used in) financing activities (2,573) (2,538) (2,751)
Effect of foreign currency exchange rate changes on cash (463) (248) 42
Net increase (decrease) in cash, cash equivalents and restricted cash 530 253 819
Cash, cash equivalents and restricted cash, beginning of year 4,283 4,030 3,211
Cash, cash equivalents and restricted cash, end of year 4,813 4,283 4,030
Supplemental cash flow information:      
Cash paid for interest 417 491 428
Cash paid for income taxes $ 963 $ 440 $ 282