Analyze each line and explain what it shows you.

For the Years Ended December 31, (in millions) Operating activities Net carnings Noncash items 2017 2016 2015 $10,823 7,073 S 5,868 Depreciation and amortization Deferred income taxes Share-based compensation Other, net 2,245 2,055 ,693 (965) 597 217 (73) 406 (82) 235) 81 485 Net change in other operating items, net of effects from acquisitions and changes in AARP balances: Accounts receivable Other assets Medical costs payablo Accounts payable and other liabilities Unearned revenues ,062) 357(591) (630) 1,601) (1,430) 1,284 ,849 2,585 930 1,494 ,280 157 (202) 237 13,596 9,795 9,740 Cash flows from operating activities Investing activities Purchases of investments Sales of investments Maturities of investments Cash paid for acquisitions, net of cash assumed Purchases of property, equipment and capitalized software Other, net Cash flows used for investing activities (14,388) (17,547) (9,939) 4,623 7,339 6,054 5,646 4,2813,354 (2,131) (1,760) (16,164) (2,023) (1,705) ,556) 37 (144) (8,599) 9,355) (18,395) (126) Financing activities Common share repurchases Cash dividends paid Proceeds from common stock issuances Repayments of long-term debt (Repayments of) proceeds from commercial paper, net Proceeds from issuance of long-term debt Customer funds administered Other, nct Cash flows (used for) from financing activities Effect of exchange rate changes on cash and cash equivalents Increase (decrease) in cash and cash equivalents Cash and cash equivalents, beginning of period Cash and cash equivalents, end of period (1,500 (1,280 ,200) (2,773 226 (1,786) 402 (4,398 (2,596) (,041) (3,508) (382) 3,666 11,982 768 (552) (3,441 ,0 2,239 (156) 3,428 7,495 S 11,981 S 10,430 10,923 688 429 5,291 3,172 (413) 1,692 (581) 78 (493) 10,430 10,923 1,551 Supplemental cash flow disclosures Cash paid for interest Cash paid for income taxes Supplemental schedule of non-cash investing activities Common stock issued for acquisitions S 1,133 S1,055 S 639 4,401 4,004 4,726 $2,164 $