GILEAD SCIENCES, INC. (GILD) FY2024 Q3 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-07-01 to 2024-09-30

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GILEAD SCIENCES, INC. cash flow reconciliation, Jul 1, 2024 through Sep 30, 2024One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Calculated remaining financing cash flows are purple; remaining operating and investing bundles are gray. Their underlying inflows and outflows are not separately identified. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net (loss) income → Net cash from operating activities: $1,253,000,000.00In-process research and development impairment → Operating adjustments reconciliation: $1,750,000,000.00Amortization expense → Operating adjustments reconciliation: $596,000,000.00Acquired in-process research and development expenses → Operating adjustments reconciliation: $505,000,000.00Accounts payable → Operating adjustments reconciliation: $359,000,000.00Stock-based compensation expense → Operating adjustments reconciliation: $216,000,000.00Accounts receivable, net → Operating adjustments reconciliation: $162,000,000.00Accrued and other liabilities → Operating adjustments reconciliation: $152,000,000.00Income tax assets and liabilities, net → Operating adjustments reconciliation: $111,000,000.00Depreciation expense → Operating adjustments reconciliation: $94,000,000.00Other → Operating adjustments reconciliation: $86,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $3,056,000,000.00Operating adjustments reconciliation → Deferred income taxes: $576,000,000.00Operating adjustments reconciliation → Net loss from equity securities: $257,000,000.00Operating adjustments reconciliation → Inventories: $85,000,000.00Operating adjustments reconciliation → Prepaid expenses and other: $57,000,000.00Other → investing reconciliation: $11,000,000.00investing reconciliation → Acquisitions, including in-process research and development, net of cash acquired: $570,000,000.00investing reconciliation → Capital expenditures: $141,000,000.00investing reconciliation → Purchases of equity securities: $9,000,000.00investing reconciliation → Remaining investing cash flows, net (calculated): $1,000,000.00Net cash used in financing activities → financing reconciliation: $1,379,000,000.00Proceeds from issuances of common stock → financing reconciliation: $98,000,000.00financing reconciliation → Payments of dividends: $983,000,000.00financing reconciliation → Repurchases of common stock under repurchase programs: $300,000,000.00financing reconciliation → Repayments of debt and other obligations: $112,000,000.00financing reconciliation → Other: $82,000,000.00Net cash used in investing activities → investing reconciliation: $710,000,000.00Exchange-rate effect → Cash sources and uses: $44,000,000.00Difference in the filed cash totals (calculated) → Cash sources and uses: $1,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $2,772,000,000.00Net cash from operating activities → Cash sources and uses: $4,309,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $5,037,000,000.00Cash sources and uses → Net cash used in investing activities: $710,000,000.00Cash sources and uses → Net cash used in financing activities: $1,379,000,000.00Income tax assets and liabilities, net: $111,000,000.00Income tax balances+$111.00 MNet (loss) income: $1,253,000,000.00Net (loss) income+$1.25 BAcquired in-process research and development expenses: $505,000,000.00Acquired IPR&D written off+$505.00 MAccrued and other liabilities: $152,000,000.00Accrued liabilities+$152.00 MAmortization expense: $596,000,000.00Amortization expense+$596.00 MOther: $86,000,000.00Other non-cash items+$86.00 MStock-based compensation expense: $216,000,000.00Stock-based compensation+$216.00 MNet loss from equity securities: -$257,000,000.00Equity securities, net−$257.00 MIn-process research and development impairment: $1,750,000,000.00Indefinite intangible impairment+$1.75 BAccounts payable: $359,000,000.00Accounts payable+$359.00 MDeferred income taxes: -$576,000,000.00Deferred income taxes−$576.00 MPrepaid expenses and other: -$57,000,000.00Prepaid & other assets−$57.00 MInventories: -$85,000,000.00Inventories−$85.00 MDepreciation expense: $94,000,000.00Depreciation expense+$94.00 MAccounts receivable, net: $162,000,000.00Accounts receivable+$162.00 MNet cash from operating activities: $4,309,000,000.00Operating cash+$4.31 BOperating adjustments reconciliation: $4,031,000,000.00Proceeds from issuances of common stock: $98,000,000.00Common stock issued+$98.00 MPayments of dividends: -$983,000,000.00Dividends paid−$983.00 MRepurchases of common stock under repurchase programs: -$300,000,000.00Common stock repurchases−$300.00 MOther: -$82,000,000.00Other financing, net−$82.00 MRepayments of debt and other obligations: -$112,000,000.00Debt repaid−$112.00 MProceeds from debt financing, net of issuance costs: $0.00Net cash used in financing activities: -$1,379,000,000.00. Cash required to fund net payments.Financing cash−$1.38 Bfinancing reconciliation: $1,477,000,000.00Purchases of equity securities: -$9,000,000.00Other investment purchases−$9.00 MPurchases of marketable debt securities: -$0.00Capital expenditures: -$141,000,000.00PP&E purchases−$141.00 MAcquisitions, including in-process research and development, net of cash acquired: -$570,000,000.00Acquisitions, net of cash−$570.00 MOther: $11,000,000.00Other investing, net+$11.00 MProceeds from sales of marketable debt securities: $0.00Proceeds from maturities of marketable debt securities: $0.00Remaining investing cash flows, net (calculated): -$1,000,000.00Remaining investing (calculated)−$1.00 MNet cash used in investing activities: -$710,000,000.00. Cash required to fund net payments.Investing cash−$710.00 Minvesting reconciliation: $721,000,000.00Cash sources and uses: $7,126,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $2,772,000,000.00Beginning cash$2.77 BEnding cash: Cash, cash equivalents, and restricted cash: $5,037,000,000.00Ending cash$5.04 BExchange-rate effect: $44,000,000.00FX effect+$44.00 MDifference in the filed cash totals (calculated): $1,000,000.00Filer's cash difference(calculated)+$1.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$4.17 BOperating cash − cash spent on PP&ECash flow / Net income3.44×Operating cash flow ÷ net incomeNet cash change+$2.27 BEnding cash − beginning cash
Chart details

GILEAD SCIENCES, INC. cash flow reconciliation, Jul 1, 2024 through Sep 30, 2024

Cash flows for Jul 1, 2024 through Sep 30, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Jun 30, 2024. Ending cash: Sep 30, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Jun 30, 2024
2,772,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
4,309,000,000 US dollars. Net cash provided.
Income tax assets and liabilities, net
111,000,000 US dollars
Net (loss) income
1,253,000,000 US dollars
Acquired in-process research and development expenses
505,000,000 US dollars
Accrued and other liabilities
152,000,000 US dollars
Amortization expense
596,000,000 US dollars
Other
86,000,000 US dollars
Stock-based compensation expense
216,000,000 US dollars
Net loss from equity securities
negative 257,000,000 US dollars
In-process research and development impairment
1,750,000,000 US dollars
Accounts payable
359,000,000 US dollars
Deferred income taxes
negative 576,000,000 US dollars
Prepaid expenses and other
negative 57,000,000 US dollars
Inventories
negative 85,000,000 US dollars
Depreciation expense
94,000,000 US dollars
Accounts receivable, net
162,000,000 US dollars
Investing activities
negative 710,000,000 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 9,000,000 US dollars
Purchases of marketable debt securities
0 US dollars
Capital expenditures
negative 141,000,000 US dollars
Acquisitions, including in-process research and development, net of cash acquired
negative 570,000,000 US dollars
Other
11,000,000 US dollars
Proceeds from sales of marketable debt securities
0 US dollars
Proceeds from maturities of marketable debt securities
0 US dollars
Remaining investing cash flows, net (calculated)
negative 1,000,000 US dollars
Financing activities
negative 1,379,000,000 US dollars. Net cash used.
Proceeds from issuances of common stock
98,000,000 US dollars
Payments of dividends
negative 983,000,000 US dollars
Repurchases of common stock under repurchase programs
negative 300,000,000 US dollars
Other
negative 82,000,000 US dollars
Repayments of debt and other obligations
negative 112,000,000 US dollars
Proceeds from debt financing, net of issuance costs
0 US dollars
Operating adjustment reconciliation
4,031,000,000 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 gross reconciliation
1,477,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing displayed reconciliation
721,000,000 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
44,000,000 US dollars
Difference in the filed cash totals (calculated)
1,000,000 US dollars. Into cash; drawn as the small gray flow above beginning cash.
Ending cash on Sep 30, 2024
5,037,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
7,126,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
2,265,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
3.44×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
4,309,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
141,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
4,168,000,000 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 income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $3.06B after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • 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.
  • The filer's reported cash figures differ by $1.00 M: its ending cash less its beginning cash does not equal its reported net change in cash. The chart shows the difference as its own calculated flow; no reported amount has been adjusted.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 4,309,000,000 US dollars minus 141,000,000 US dollars equals 4,168,000,000 US dollars.
  • The filer's reported cash figures differ by $1.00 M: its ending cash less its beginning cash does not equal its reported net change in cash. The chart shows the difference as its own calculated flow; no reported amount has been adjusted.
GILEAD SCIENCES, INC. (GILD) FY2024 Q3 Statement of Cash Flows Sankey chart
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