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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:        
Net income (loss) $ 539 $ 673 $ 1,248 $ (977)
(Income) loss from discontinued operations 6 (164) 176 (617)
Adjustments:        
Provision for transaction losses 65 58 199 196
Depreciation and amortization     516 518
Stock-based compensation 93 86 301 251
Gain on sale of investments     (212) 0
Deferred income taxes     (115) 2,979
Changes in assets and liabilities, net of acquisition effects     (362) 40
Net cash provided by continuing operating activities     1,751 2,390
Net cash provided by discontinued operating activities (18) 573 1,242 1,646
Net cash provided by operating activities     2,993 4,036
Cash flows from investing activities:        
Purchases of property and equipment     (539) (422)
Purchases of investments     (4,452) (6,808)
Maturities and sales of investments     5,579 4,205
Acquisitions, net of cash acquired     (24) (55)
Other     (15) (5)
Net cash provided by (used in) continuing investing activities     549 (3,085)
Net cash used in discontinued investing activities (1,114) (528) (3,837) (660)
Net cash used in investing activities     (3,288) (3,745)
Cash flows from financing activities:        
Proceeds from issuance of common stock     173 178
Repurchases of common stock     (1,512) (3,476)
Excess tax benefits from stock-based compensation     72 56
Tax withholdings related to net share settlements of restricted stock awards and units     (226) (224)
Proceeds from issuance of debt     0 3,482
Repayment of debt     250 0
Other     10 8
Net cash provided by (used in) continuing financing activities     (1,733) 24
Net cash provided by (used in) discontinued financing activities (1,615) (10) (1,599) 19
Net cash provided by (used) in financing activities     (3,332) 43
Effect of exchange rate changes on cash and cash equivalents     (286) (38)
Net increase (decrease) in cash and cash equivalents     (3,913) 296
Cash and cash equivalents at beginning of period     6,328 4,494
Cash and cash equivalents at end of period 2,415 4,790 2,415 4,790
Less: Cash and cash equivalents of held for sale 28 29 28 29
Less: Cash and cash equivalents of discontinued operations 0 2,254 0 2,254
Cash and cash equivalents of continuing operations at end of period $ 2,387 $ 2,507 2,387 2,507
Supplemental cash flow disclosures:        
Cash paid for interest     161 84
Cash paid for income taxes     $ 240 $ 229