During the second quarter of 2023, net cash flows from operating activities totaled $3.3B, compared to $3.7B in the prior year quarter. The year-over-year decrease in net cash flows from operating activities was primarily due to higher cash taxes. Free cash flow in the second quarter of 2023 totaled $668M, compared to $1.7B during the same period last year. The year-over-year decrease in free cash flow was primarily driven by a decrease in net cash flows from operating activities and an increase in capital expenditures.
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