Revenue and Financial Overview
in
Statement of Cash Flows (Non-GAAP) (Continued)
($ in millions)
2021
2022
GAAP Net Income Including Non-controlling Interests
$606.7
$856.6
2023
$1,147.8
Depreciation, Amortization and Stock-Based Compensation
292.3
321.6
362.4
Accounts Receivable
(72.5)
(456.7)
(146.4)
Inventory
(19.4)
(109.1)
(253.5)
Deferred Revenue
839.4
1,177.5
1,095.3
Other
(146.8)
(59.3)
(270.1)
GAAP Cash Flow from Operations
$1,499.7
$1,730.6 $1,935.5
Less: Purchases of Property and Equipment
(295.9)
(281.2)
(204.1)
Free Cash Flow
$1,203.8
$1,449.4 $1,731.4
Issuance of Common Stock, Net of Taxes
(141.9)
Stock Repurchases
(741.8)
(134.3)
(1,991.2) (1,500.5)
(68.7)
Acquisitions
(74.9)
(30.8)
Proceeds from (payments of) long-term debt, net
967.5
Purchases of investments in privately held companies
(160.0)
(8.5)
Other
(15.8)
(29.1)
30.2
Change in Cash, Investments, and Marketable Equity Securities
$1,036.9
$(736.0)
$183.9
Footnote: Cash Paid for Taxes, Net of Refunds
127.4
260.2
426.3
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