v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net loss $ (1,253) $ (1,656)
Depreciation and amortization 431 396
Stock-based compensation expense 433 377
Gain on strategic investments (506) (101)
Other non-cash activities 43 40
Changes in operating assets and liabilities:    
Accounts receivable, net 191 189
Inventory (215) 108
Other assets 78 38
Accounts payable and accrued liabilities 8 120
Deferred revenues (362) 403
Other liabilities (38) (38)
Net cash used in operating activities (1,190) (124)
Cash flows from investing activities:    
Purchases of equity securities and short-term investments (1,254) (1,942)
Sales of equity securities and short-term investments 22 101
Maturities of short-term investments 1,955 1,527
Deconsolidation of Mind Robotics, Inc. (114) 0
Capital expenditures (734) (800)
Net cash used in investing activities (125) (1,114)
Cash flows from financing activities:    
Proceeds from stock-based compensation programs 39 36
Proceeds from issuance of capital stock 1,300 750
Proceeds from issuance of long-term debt 0 1,250
Repayments of long-term debt 0 (1,250)
Other financing activities (9) (36)
Net cash provided by financing activities 1,330 750
Effect of exchange rate changes on cash and cash equivalents (2) 6
Net change in cash 13 (482)
Cash, cash equivalents, and restricted cash—Beginning of period 3,579 5,294
Cash, cash equivalents, and restricted cash—End of period 3,592 4,812
Supplemental disclosure of non-cash investing and financing activities:    
Capital expenditures included in liabilities 492 452
Capital stock issued to settle bonuses 110 47
Right-of-use assets obtained in exchange for operating lease liabilities $ 203 $ 134