Cash Flow Statement
Quarterly Data
The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.
The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.
Paying user area
Try for free
Gilead Sciences Inc. pages available for free this week:
- Balance Sheet: Assets
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Geographic Areas
- Enterprise Value (EV)
- Present Value of Free Cash Flow to Equity (FCFE)
- Operating Profit Margin since 2005
- Debt to Equity since 2005
- Price to Earnings (P/E) since 2005
- Price to Book Value (P/BV) since 2005
- Analysis of Revenues
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Gilead Sciences Inc. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Gilead Sciences Inc., consolidated cash flow statement (quarterly data)
US$ in millions
Based on: 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
The financial information reveals fluctuating cash flows over the observed period, spanning from March 2021 to December 2025. Operating activities generally provide a net cash inflow, though the magnitude varies considerably. Investing activities consistently represent a net cash outflow, primarily driven by acquisitions and purchases of marketable securities. Financing activities demonstrate a complex pattern, shifting between net cash inflows and outflows, significantly influenced by debt activity, stock repurchases, and dividend payments.
- Net Income and Operating Cash Flow
- Net income exhibits substantial volatility. A peak is observed in September 2021, followed by a significant decline in December 2021. Subsequent periods show recovery, but with further fluctuations, including a substantial net loss in March 2024. Despite these income variations, net cash provided by operating activities remains consistently positive throughout the period, though it mirrors the income trends to some extent. The adjustments to reconcile net income to net cash from operations, particularly deferred income taxes and net gains/losses from equity securities, contribute significantly to the differences between net income and operating cash flow. A notable increase in adjustments is seen in March 2024, coinciding with the net loss.
- Investing Activities
- Investing activities consistently consume cash. Acquisitions, including in-process research and development, represent a major outflow, with a particularly large expenditure in March 2024. Purchases of marketable debt securities and equity securities also contribute to the cash outflow. While proceeds from sales and maturities of debt securities provide some offset, they are insufficient to reverse the overall negative cash flow from investing. The pattern suggests a strategic focus on growth through acquisitions and investments, despite the associated cash drain.
- Financing Activities
- Financing activities demonstrate a more dynamic pattern. Repurchases of common stock and dividend payments consistently represent significant cash outflows. Debt financing provides inflows at times, but is often offset by repayments. A substantial inflow from proceeds from debt financing is observed in December 2024. The net effect of these activities results in periods of both net cash inflow and outflow, indicating active management of the capital structure. The large outflow in financing activities during the period ending June 2025 is notable.
- Working Capital
- Changes in operating assets and liabilities show considerable fluctuation. Accounts receivable demonstrates variability, with significant decreases in some quarters and increases in others. Inventory levels also fluctuate, generally showing decreases. Accounts payable and accrued liabilities exhibit similar patterns of change. These working capital movements contribute to the adjustments made in reconciling net income to operating cash flow.
- Key Trends
- From 2021 to 2023, the company generally maintained positive cash flow from operations and strategically utilized financing activities. However, 2024 and early 2025 show a marked shift, with a significant net loss in March 2024, increased investing outflows (particularly related to acquisitions), and a substantial net cash outflow from financing activities. This suggests a period of increased investment and potentially restructuring, funded by debt and potentially impacting overall cash reserves.
Overall, the cash flow statement reflects a company engaged in active investment, strategic acquisitions, and a dynamic capital structure management. The recent periods (2024-2025) indicate a potential shift in strategy or a period of significant investment, requiring close monitoring of future performance.