Investor Presentaiton
Reconciliation of Operating Cash Flow to Free Cash Flow
Three Months Ended
Year Ended December 31,
(In Millions/Unaudited)
March
31, 2023
December 31, September
2022
30, 2022
June 30,
2022
March
31, 2022
December 31, September
2021
30, 2021
June 30,
2021
March
31, 2021
December 31,
2020
2022
2021 2020
2019
2017
2015
Net cash provided by
operating activities
$
1,170 $
1,591 $
1,755 $
1,250 $ 1,217 $
1,640 $
1,308 $ 1,277 $
1,572 $
1,575
$ 5,813 $ 5,797 $ 6,219 $ 4,240 $2,569 $ 2,546
Less: Purchases of property
and equipment
(170)
(158)
(182)
(175)
(191)
(213)
(227)
(247)
(221)
(226)
Free cash flow
1,000
1,433
1,573
1,075
1,026
1,427
1,081
1,030
1,351
1,349
(706) (908) (866) (704) (667)
5,107 4,889 5,353 3,536 1,902 1,824
(722)
(1) Reflects the impact of reclassification as described in our earnings press release dated February 9, 2023.
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Q1-23 Investor Update
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