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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net income $ 1,035 $ 482
Adjustments:    
Provision for transaction losses 62 52
Depreciation and amortization 163 167
Stock-based compensation 101 88
Deferred income taxes (565) (28)
Changes in assets and liabilities, and other, net of acquisition effects (214) (120)
Net cash provided by operating activities 582 641
Cash flows from investing activities:    
Purchases of property and equipment (135) (158)
Purchases of investments (2,750) (2,935)
Maturities and sales of investments 2,770 2,030
Other 0 (12)
Net cash used in investing activities (115) (1,075)
Cash flows from financing activities:    
Proceeds from issuance of common stock 11 7
Repurchases of common stock (410) (1,001)
Excess tax benefits from stock-based compensation 0 1
Tax withholdings related to net share settlements of restricted stock units and awards (29) (8)
Proceeds from issuance of long-term debt, net 0 2,216
Other 10 7
Net cash provided by (used in) financing activities (418) 1,222
Effect of exchange rate changes on cash and cash equivalents 114 66
Net increase (decrease) in cash and cash equivalents 163 854
Cash and cash equivalents at beginning of period 1,816 1,832
Cash and cash equivalents at end of period 1,979 2,686
Supplemental cash flow disclosures:    
Cash paid for interest 109 73
Cash paid for income taxes $ 45 $ 31