# GILEAD SCIENCES, INC. (GILD) FY2024 Q1 Statement of Cash Flows

- Company: GILEAD SCIENCES, INC. (GILD)
- Period: 2024-01-01 to 2024-03-31
- Filing: Q1 FY2024 10-Q, filed 2024-05-08, accession number 0000882095-24-000013
- Page: https://plicit.ai/financials/gild/fy2024-q1-cash-flow
- Chart image: https://plicit.ai/charts/gild-fy2024-q1-cash-flow-sankey.png

## Chart details

Cash flows for Jan 1, 2024 through Mar 31, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2023. Ending cash: Mar 31, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

- **Beginning cash on Dec 31, 2023**: 6,085,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- **Operating activities**: 2,219,000,000 US dollars. Net cash provided.
- **Income tax assets and liabilities, net**: negative 208,000,000 US dollars
- **Net (loss) income**: negative 4,170,000,000 US dollars
- **Acquired in-process research and development expenses**: 4,131,000,000 US dollars
- **Accrued and other liabilities**: negative 175,000,000 US dollars
- **Amortization expense**: 596,000,000 US dollars
- **Other**: 119,000,000 US dollars
- **Stock-based compensation expense**: 187,000,000 US dollars
- **Net loss from equity securities**: 14,000,000 US dollars
- **In-process research and development impairment**: 2,430,000,000 US dollars
- **Accounts payable**: 72,000,000 US dollars
- **Deferred income taxes**: negative 723,000,000 US dollars
- **Prepaid expenses and other**: negative 37,000,000 US dollars
- **Inventories**: negative 45,000,000 US dollars
- **Depreciation expense**: 94,000,000 US dollars
- **Accounts receivable, net**: negative 66,000,000 US dollars
- **Investing activities**: negative 2,207,000,000 US dollars. Net cash used. The remaining amount is calculated by subtracting the other displayed items from the investing total. The filing's tagged investing lines do not add up to the investing total; this is the difference. It may combine inflows and outflows.
- **Purchases of equity securities**: negative 410,000,000 US dollars
- **Purchases of marketable debt securities**: negative 244,000,000 US dollars
- **Capital expenditures**: negative 105,000,000 US dollars
- **Acquisitions, including in-process research and development, net of cash acquired**: negative 4,043,000,000 US dollars
- **Other**: 5,000,000 US dollars
- **Proceeds from sales of marketable debt securities**: 2,265,000,000 US dollars
- **Proceeds from maturities of marketable debt securities**: 327,000,000 US dollars
- **Remaining investing cash flows, net (calculated)**: negative 2,000,000 US dollars
- **Financing activities**: negative 1,361,000,000 US dollars. Net cash used. The remaining amount is calculated by subtracting the other displayed items from the financing total. The filing's tagged financing lines do not add up to the financing total; this is the difference. It may combine inflows and outflows.
- **Proceeds from issuances of common stock**: 146,000,000 US dollars
- **Payments of dividends**: negative 990,000,000 US dollars
- **Repurchases of common stock under repurchase programs**: negative 400,000,000 US dollars
- **Other**: negative 116,000,000 US dollars
- **Remaining financing cash flows, net (calculated)**: negative 1,000,000 US dollars
- **Operating adjustment reconciliation**: 7,643,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
- **financing displayed reconciliation**: 1,507,000,000 US dollars. Intermediate calculation joining the displayed items and the calculated net remainder. It does not establish gross cash receipts or payments and is not an additional cash flow.
- **investing displayed reconciliation**: 4,804,000,000 US dollars. Intermediate calculation joining the displayed items and the calculated net remainder. It does not establish gross cash receipts or payments and is not an additional cash flow.
- **Exchange-rate effect**: negative 18,000,000 US dollars
- **Ending cash on Mar 31, 2024**: 4,718,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- **Cash sources and uses**: 8,304,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- **Net cash change**: negative 1,367,000,000 US dollars. Ending cash minus beginning cash.
- **Cash flow / Net income**: Not meaningful. Operating cash flow divided by reconciliation net income for the same period. The ratio is not meaningful when net income is zero or negative.
- **Operating cash flow**: 2,219,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
- **Cash purchases of property, plant and equipment**: 105,000,000 US dollars. These cash purchases are already included in investing activities above.
- **Free cash flow**: 2,114,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

### Chart connections

- Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
- Financing contributions meet at a reconciliation junction before connecting to the net cash total.
- Investing contributions meet at a reconciliation junction before connecting to the net cash total.
- Operating reconciliation adjustments are not all independent cash receipts.
- Net loss −$4.17B + net operating adjustments $6.39B = operating cash +$2.22B. The loss reduces the earnings basis of the reconciliation; it is not a cash payment. The signed loss remains a deduction at the operating reconciliation junction.
- Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
- The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
- Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 2,219,000,000 US dollars minus 105,000,000 US dollars equals 2,114,000,000 US dollars.