4. Statement of Cash Flows, Supplemental Disclosures

9 Months Ended

Sep. 30, 2021

SUPPLEMENTAL CASH FLOW INFORMATION

The reconciliation of net income to net cash provided by operating activities is as follows (in millions):


	Nine Months Ended
	September 30, 2021		September 30, 2020
Net income	$	5,819.6	$	2,967.2
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	100.1		101.9
Reduction in the carrying amount of right-of-use assets	29.3		27.7
Share-based compensation	36.2		29.3
Other-than-temporary impairment losses on investment	0.8		4.6
Changes in fair market value of equity securities	(7,078.8)		(3,591.5)
Gain on divestiture of a division	—		(11.7)
Payments for operating lease liabilities	(30.9)		(27.1)
Increase in accounts receivable	(10.8)		(9.6)
Decrease (increase) in inventories	28.2		(83.5)
Increase in other current assets	(1.4)		(6.4)
Increase in accounts payable and other current liabilities	22.4		79.2
(Decrease) increase in income taxes payable	(22.2)		3.1
Increase in deferred income taxes	1,573.2		790.1
Increase in other long term liabilities	28.6		19.7
Other	4.3		(2.4)
Net cash provided by operating activities	$	498.6	$	290.6

Non-cash investing activities:
Purchased property, plant and equipment	$	3.3	$	6.1
Purchased marketable securities and investments	$	11.8	$	2.0