The following cash data for the year ended December 31 were adapted from a recent annual report of Alphabet (GOOG), formerly known as Google. The cash balance as of January 1 was $12,918 (in millions).

                                                                                                                        In millions

Payments on debt ..................................................................................  $ 4,377

Proceeds from disposals of property and equipment ......................           99

Purchases of investments (marketable securities) ............................    92,195

Net cash provided by operating activities* ........................................    37,496

Other net cash flows provided by investing activities ......................     60,695

Other net cash flows used by financing activities .............................       3,921

*adjusted for effect of exchange rate changes on cash and cash equivalents

Instructions

Prepare Alphabet’s statement of cash flows for the year ended December 31.