v3.24.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income (loss) $ 828 $ 742
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,356 1,226
Stock-based compensation 348 301
Amortization of intangible assets 155 156
Amortization of debt issuance costs and debt discounts 15 15
Provision for credit loss allowance 28 15
Gain on asset sales (18) (5)
Loss on debt extinguishment 1 0
Other items 24 28
Changes in operating assets and liabilities:    
Accounts receivable (153) (200)
Income taxes, net (14) (7)
Other assets (204) (128)
Operating lease right-of-use assets 117 117
Operating lease liabilities (102) (100)
Accounts payable and accrued expenses (98) 85
Other liabilities (15) (27)
Net cash provided by operating activities 2,268 2,218
Cash flows from investing activities:    
Purchases of investments (65) (82)
Purchase of short-term investments (450) 0
Real estate acquisitions (287) (153)
Purchases of other property, plant and equipment (2,079) (1,785)
Proceeds from sale of assets, net of cash transferred 247 77
Investment in loan receivable (196) 0
Loan receivable upfront fee 4 0
Net cash used in investing activities (2,826) (1,943)
Cash flows from financing activities:    
Proceeds from employee equity programs 92 87
Payment of dividends (1,230) (972)
Proceeds from public offering of common stock, net of issuance costs 976 301
Proceeds from senior notes, net of debt discounts 1,524 902
Repayment of finance lease liabilities (101) (98)
Contribution from non-controlling interest 4 25
Repayment of mortgage and loans payable (6) (5)
Debt issuance costs (14) (7)
Net cash provided by financing activities 1,245 233
Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash (7) (58)
Net increase in cash, cash equivalents and restricted cash 680 450
Cash, cash equivalents and restricted cash at beginning of period 2,096 1,908
Cash, cash equivalents and restricted cash at end of period 2,776 2,358
Cash and cash equivalents 2,776 2,357
Current portion of restricted cash included in other current assets 0 1
Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statement of cash flows $ 2,776 $ 2,358

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