v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows from Operating Activities    
Net income $ 1,619 $ 1,610
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and impairment 3,209 2,880
Stock-based compensation 2,181 1,208
Inventory write-downs 187 248
Foreign currency transaction net unrealized loss 599 54
Deferred income taxes (301) 9
SpaceX equity investment unrealized gain (1,005) 0
Digital assets unrealized loss (gain) 334 (159)
Non-cash interest and other operating activities 33 73
Changes in operating assets and liabilities:    
Accounts receivable 377 601
Inventory (1,663) (2,407)
Operating lease vehicles 260 65
Prepaid expenses and other assets (1,028) (1,137)
Accounts payable, accrued and other liabilities 3,341 1,333
Deferred revenue 491 318
Net cash provided by operating activities 8,634 4,696
Cash Flows from Investing Activities    
Purchases of property and equipment excluding finance leases, net of sales (8,282) (3,886)
Purchase of SpaceX equity investment (2,002) 0
Purchases of short-term investments (16,281) (13,500)
Proceeds from maturities of short-term investments 15,621 12,791
Purchase of intangible assets (7) 0
Net cash used in investing activities (10,951) (4,595)
Cash Flows from Financing Activities    
Proceeds from issuances of debt 4,679 3,050
Repayments of debt (3,922) (4,129)
Debt issuance costs (4) (1)
Proceeds from exercises of stock options and other stock issuances, net of issuance costs 468 528
Principal payments on finance leases (37) (67)
Proceeds received from directors in shareholder settlement 0 277
Recovery (payment) of legal fees associated with shareholder settlement 116 (176)
Distributions paid to noncontrolling interests in subsidiaries (91) (36)
Net cash provided by (used in) financing activities 1,209 (554)
Effect of exchange rate changes on cash and cash equivalents and restricted cash (83) 151
Net decrease in cash and cash equivalents and restricted cash (1,191) (302)
Cash and cash equivalents and restricted cash, beginning of period 17,616 17,037
Cash and cash equivalents and restricted cash, end of period 16,425 16,735
Supplemental Non-Cash Investing and Financing Activities    
Acquisitions of property and equipment included in liabilities 2,633 1,639
Leased assets obtained in exchange for operating lease liabilities 886 784
Leased assets obtained in exchange for finance lease liabilities $ 97 $ 0