v3.25.2
Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows from Operating Activities    
Net income $ 8,419.8 $ 5,209.9
Adjustments to Reconcile Net Income to Cash Flows from Operating Activities:    
Depreciation and amortization 941.3 815.0
Change in deferred income taxes (1,460.3) (1,286.6)
Stock-based compensation expense 338.8 370.5
Net investment losses 35.3 142.2
Acquired in-process research and development 1,725.5 264.8
Other changes in operating assets and liabilities, net of acquisitions (5,627.1) (3,150.3)
Other operating activities, net 379.2 266.7
Net Cash Provided by Operating Activities 4,752.5 2,632.2
Cash Flows from Investing Activities    
Purchases of property and equipment (3,206.6) (2,211.1)
Proceeds from sales of and distributions from noncurrent investments 275.9 250.1
Purchases of noncurrent investments (367.9) (250.1)
Cash paid for acquisitions, net of cash acquired 0.0 (947.7)
Purchases of in-process research and development (1,863.8) (274.5)
Other investing activities, net (24.8) 57.0
Net Cash Used for Investing Activities (5,187.2) (3,376.3)
Cash Flows from Financing Activities    
Dividends paid (2,693.3) (2,341.6)
Net change in short-term borrowings (245.9) (1,804.7)
Proceeds from issuance of long-term debt 6,461.0 6,452.5
Repayments of long-term debt (778.1) (664.2)
Purchases of common stock (1,892.2) 0.0
Other financing activities, net (716.7) (397.8)
Net Cash Provided by Financing Activities 134.8 1,244.2
Effect of exchange rate changes on cash and cash equivalents 407.4 (95.1)
Net increase in cash and cash equivalents 107.5 405.0
Cash and cash equivalents at January 1 3,268.4 2,818.6
Cash and Cash Equivalents at June 30 $ 3,375.9 $ 3,223.6