Investing

Progressive·Cash Flow Statement·14 metrics

Breakdown

Metric	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Purchases of investments	$11.2B	$11.3B	$11.9B	$17.3B	$9B	$8.6B	$14.7B	$19.3B
Sales of short-term available-for-sale investments	$5.9B	$4.9B	$7.1B	$14.7B	$2.4B	$434M	$18.2B	$11.1B
Sale of investments	$5.9B	$4.9B	$7.1B	$14.7B	$2.4B	$434M	$18.2B	$11.1B
Payments for (Proceeds from) Short-Term Investments	-$608M	$0	-$147M	$2B	—	—	$8.5B	-$7.9B
Net cash from investing activities	-$3.3B	-$4.4B	-$2.9B	-$2.3B	-$4B	-$5B	-$3.1B	$2.6B
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-Sale	$1.4B	$1.5B	$2.3B	$2B	$2.1B	$2.3B	$2.2B	$2.5B
Net change in unsettled security transactions	$58M	$394M	—	$172M	$6M	$220M	—	$243M
Equity securities	—	$87M	—	$87M	$90M	$63M	$35M	$152M
Capital expenditures	$68M	$57M	$110M	$59M	$102M	$66M	$121M	$63M
Payments to Acquire Equity Securities, FV-NI	$0	$78M	$58M	$86M	$1M	$56M	$44M	$57M
Proceeds from Sale of Retained Ownership Interests	$40M	$124M	$45M	$149M	$2M	$31M	$84M	$56M
Proceeds from disposal of certain strategic investments	$40M	$124M	$45M	$149M	$2M	$31M	$84M	$56M
Proceeds from Sale of Seagen Inc. Common Stock	$40M	$124M	$45M	$149M	$2M	$31M	$84M	$56M
Proceeds from disposals of property, plant and equipment	$42M	$20M	$12M	$13M	$39M	$18M	$10M	$14M