3a. Estimate the % used up of your companys depreciable assets at the current balance sheet date.

3b. What implication does your % used up estimation have for forecasting future cash flows?

Dec. 31, 2019 Dec. 31, 2018 CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions Current assets: Cash and cash equivalents Marketable securities Total cash, cash equivalents, and marketable securities Accounts receivable, net of allowance of $729 and $753 Income taxes receivable, net Inventory Other current assets Total current assets Non-marketable investments Deferred income taxes Property and equipment, net Property and equipment, net Operating lease assets Intangible assets, net Goodwill $ 18,498 101,177 119,675 25,326 2,166 999 4,412 152,578 13,078 721 73,646 $ 16,701 92,439 109,140 20,838 355 1,107 4,236 135,676 13,859 737 59,719 10,941 1,979 20,624 2,342 275,909 2,220 17,888 2,693 232,792 Other non-current assets Total assets Current liabilities: Accounts payable Accrued compensation and benefits Accrued expenses and other current liabilities Accrued revenue share Deferred revenue Income taxes payable, net Total current liabilities Long-term debt Deferred revenue, non-current Income taxes payable, non-current Deferred income taxes Operating lease liabilities Other long-term liabilities Total liabilities Commitments and Contingencies (Note 10) 5,561 8,495 23,067 5,916 1,908 274 45,221 4,554 358 9,885 1,701 10,214 2,534 74,467 4,378 6,839 16,958 4,592 1,784 69 34,620 4,012 396 11,327 1,264 3,545 55,164 0 50,552 45,049 Stockholders' equity: Convertible preferred stock, $0.001 par value per share, 100,000 shares authorized; no shares issued and outstanding Class A and Class B common stock, and Class C capital stock and additional paid-in capital, $0.001 par value per share: 15,000,000 shares authorized (Class A 9,000,000, Class B 3,000,000, Class C 3,000,000); 695,556 (Class A 299,242, Class B 46,636, Class C 349,678) and 688,335 (Class A 299,828, Class B 46,441, Class C 342,066) shares issued and outstanding Accumulated other comprehensive loss Retained earnings Total stockholders' equity Total liabilities and stockholders' equity (1,232) 152,122 201,442 $ 275,909 (2,306) 134,885 177,628 $ 232,792 12 Months Ended CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions Dec. 31, 2019 Dec. 31, 2018 Dec. 31, 2017 $ 34,343 $ 30,736 $ 12,662 8,164 10,856 925 871 6,103 812 7,679 258 10,794 173 (2,798) (592) 9,353 778 (6,650) (189) 37 294 Operating activities Net income Adjustments: Depreciation and impairment of property and equipment Amortization and impairment of intangible assets Stock-based compensation expense Deferred income taxes (Gain) loss on debt and equity securities, net Other Changes in assets and liabilities, net of effects of acquisitions: Accounts receivable Income taxes, net Other assets Accounts payable Accrued expenses and other liabilities Accrued revenue share Deferred revenue Net cash provided by operating activities Investing activities Purchases of property and equipment Purchases of marketable securities Maturities and sales of marketable securities Purchases of non-marketable investments Maturities and sales of non-marketable investments Acquisitions, net of cash acquired, and purchases of intangible assets Proceeds from collection of notes receivable Other investing activities Net cash used in investing activities Financing activities (4,340) (3,128) (621) 428 7,170 1,273 37 54,520 (2,169) (2,251) (1,207) 1,067 8,614 483 (3,768) 8,211 (2,164) 731 4,891 955 371 47,971 390 37,091 (23,548) (100,315) 97,825 (1,932) 405 (2,515) (25,139) (50,158) 48,507 (2,073) 1,752 (1,491) 0 (13,184) (92,195) 73,959 (1,745) 533 (287) 1,419 99 (31,401) 0 589 98 (29,491) (28,504) (4,765) (18,396) 317 (585) 220 (23,209) Net payments related to stock-based award activities Repurchases of capital stock Proceeds from issuance of debt, net of costs Repayments of debt Proceeds from sale of interest in consolidated entities Net cash used in financing activities Effect of exchange rate changes on cash and cash equivalents Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period Supplemental disclosures of cash flow information Cash paid for taxes, net of refunds (4,993) (9,075) 6,766 (6,827) 950 (13,179) (302) 5,986 10,715 16,701 (4,166) (4,846) 4,291 (4,377) 800 (8,298) 405 (2,203) 12,918 10,715 (23) 1,797 16,701 18,498 $ 8,203 $ 5,671 $ 6,191 Dec. 31, 2019 Dec. 31, 2018 CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions Current assets: Cash and cash equivalents Marketable securities Total cash, cash equivalents, and marketable securities Accounts receivable, net of allowance of $729 and $753 Income taxes receivable, net Inventory Other current assets Total current assets Non-marketable investments Deferred income taxes Property and equipment, net Property and equipment, net Operating lease assets Intangible assets, net Goodwill $ 18,498 101,177 119,675 25,326 2,166 999 4,412 152,578 13,078 721 73,646 $ 16,701 92,439 109,140 20,838 355 1,107 4,236 135,676 13,859 737 59,719 10,941 1,979 20,624 2,342 275,909 2,220 17,888 2,693 232,792 Other non-current assets Total assets Current liabilities: Accounts payable Accrued compensation and benefits Accrued expenses and other current liabilities Accrued revenue share Deferred revenue Income taxes payable, net Total current liabilities Long-term debt Deferred revenue, non-current Income taxes payable, non-current Deferred income taxes Operating lease liabilities Other long-term liabilities Total liabilities Commitments and Contingencies (Note 10) 5,561 8,495 23,067 5,916 1,908 274 45,221 4,554 358 9,885 1,701 10,214 2,534 74,467 4,378 6,839 16,958 4,592 1,784 69 34,620 4,012 396 11,327 1,264 3,545 55,164 0 50,552 45,049 Stockholders' equity: Convertible preferred stock, $0.001 par value per share, 100,000 shares authorized; no shares issued and outstanding Class A and Class B common stock, and Class C capital stock and additional paid-in capital, $0.001 par value per share: 15,000,000 shares authorized (Class A 9,000,000, Class B 3,000,000, Class C 3,000,000); 695,556 (Class A 299,242, Class B 46,636, Class C 349,678) and 688,335 (Class A 299,828, Class B 46,441, Class C 342,066) shares issued and outstanding Accumulated other comprehensive loss Retained earnings Total stockholders' equity Total liabilities and stockholders' equity (1,232) 152,122 201,442 $ 275,909 (2,306) 134,885 177,628 $ 232,792 12 Months Ended CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions Dec. 31, 2019 Dec. 31, 2018 Dec. 31, 2017 $ 34,343 $ 30,736 $ 12,662 8,164 10,856 925 871 6,103 812 7,679 258 10,794 173 (2,798) (592) 9,353 778 (6,650) (189) 37 294 Operating activities Net income Adjustments: Depreciation and impairment of property and equipment Amortization and impairment of intangible assets Stock-based compensation expense Deferred income taxes (Gain) loss on debt and equity securities, net Other Changes in assets and liabilities, net of effects of acquisitions: Accounts receivable Income taxes, net Other assets Accounts payable Accrued expenses and other liabilities Accrued revenue share Deferred revenue Net cash provided by operating activities Investing activities Purchases of property and equipment Purchases of marketable securities Maturities and sales of marketable securities Purchases of non-marketable investments Maturities and sales of non-marketable investments Acquisitions, net of cash acquired, and purchases of intangible assets Proceeds from collection of notes receivable Other investing activities Net cash used in investing activities Financing activities (4,340) (3,128) (621) 428 7,170 1,273 37 54,520 (2,169) (2,251) (1,207) 1,067 8,614 483 (3,768) 8,211 (2,164) 731 4,891 955 371 47,971 390 37,091 (23,548) (100,315) 97,825 (1,932) 405 (2,515) (25,139) (50,158) 48,507 (2,073) 1,752 (1,491) 0 (13,184) (92,195) 73,959 (1,745) 533 (287) 1,419 99 (31,401) 0 589 98 (29,491) (28,504) (4,765) (18,396) 317 (585) 220 (23,209) Net payments related to stock-based award activities Repurchases of capital stock Proceeds from issuance of debt, net of costs Repayments of debt Proceeds from sale of interest in consolidated entities Net cash used in financing activities Effect of exchange rate changes on cash and cash equivalents Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period Supplemental disclosures of cash flow information Cash paid for taxes, net of refunds (4,993) (9,075) 6,766 (6,827) 950 (13,179) (302) 5,986 10,715 16,701 (4,166) (4,846) 4,291 (4,377) 800 (8,298) 405 (2,203) 12,918 10,715 (23) 1,797 16,701 18,498 $ 8,203 $ 5,671 $ 6,191