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.
Based on: 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), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
- Net earnings (loss)
- Net earnings exhibit notable volatility across the periods, with peaks notably in June 2020 and March 2023. A significant decline is observed in March 2024, turning into a loss before rebounding in subsequent quarters. The overall trend shows considerable fluctuations, hinting at variable operational profitability influenced by episodic events or market conditions.
- Depreciation and amortization
- This expense shows a generally steady upward trend, increasing gradually from 723 million USD in early 2020 to over 1084 million USD by mid-2025, reflecting consistent asset base growth or increased capital expenditures over time.
- Deferred income taxes
- Deferred income taxes have shown significant volatility with both positive and negative values without a clear directional trend. This inconsistency may indicate irregular timing of tax benefits and liabilities.
- Share-based compensation
- Share-based compensation fluctuates with no consistent trend, ranging from low levels around 139 million USD to peaks exceeding 370 million USD, suggesting variable equity compensation expense linked to company policy or stock price movements.
- Loss on sale of subsidiary and subsidiaries held for sale
- Significant losses appear in late 2024, with over 7 billion USD recorded, followed by smaller amounts in subsequent quarters, implying a major divestiture or restructuring event impacting that period.
- Gains on dispositions and other strategic transactions
- A notable one-time negative amount is seen near the end of the data, possibly related to a reversal or adjustment in prior gains, reflecting strategic realignments.
- Other, net and Noncash items
- Both categories display high variability and occasional spikes, with noncash items notably peaking substantially in early 2024. These fluctuations indicate sporadic financial adjustments or non-operating effects impacting income or cash flow.
- Working capital components (Accounts receivable, Other assets, Medical costs payable, Accounts payable and other liabilities, Unearned revenues)
- Accounts receivable and other assets experienced large swings, suggesting changes in operational collections and asset management. Medical costs payable and accounts payable also show marked volatility, indicating dynamic liability and expense recognition. Unearned revenues show extreme variations, including a large spike in June 2022 and significant negative values, pointing to irregular timing of revenue recognition or customer prepayments.
- Cash flows from operating activities
- Operating cash flows are generally positive and strong, peaking notably in September 2022. Some quarters show negative values or sharp declines, reflecting episodic increases in working capital or other operational needs.
- Investing activities
- Significant cash outflows are consistent due to investments, acquisitions, and capital expenditures. Large spikes in acquisitions-related outflows and investments sales suggest active asset turnover. Periods of negative cash flows are interrupted by positive inflows, indicating sales or maturities of investments.
- Financing activities
- Financing cash flows fluctuate widely, with periods of large inflows corresponding to debt issuances and stock issuance, as well as significant outflows related to share repurchases, dividends, and debt repayments. Share repurchases are sizable and sustained, reflecting shareholder return strategies.
- Cash and cash equivalents
- Cash balances show large swings, with quarters of significant increases followed by sharp declines, often aligning with the timing of investing and financing cash flows. These fluctuations underscore active liquidity management amid strategic transactions and operational cash requirements.