XML 19 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net income $ 1,770  
Income from discontinued operations, net of income taxes (5) $ 0
Adjustments:    
Provision for transaction losses 203 193
Depreciation and amortization 524 504
Stock-based compensation 396 356
Gain on sale of business 0 (167)
Gain on investments, net (572) (21)
Deferred income taxes 81 (39)
Change in fair value of warrant (232) 0
Changes in assets and liabilities, and other, net of acquisition effects (738) (252)
Net cash provided by continuing operating activities 1,427 2,158
Net cash used in discontinued operating activities (2) 0
Net cash provided by operating activities 1,425 2,158
Cash flows from investing activities:    
Purchases of property and equipment (521) (474)
Purchases of investments (16,177) (11,276)
Maturities and sales of investments 18,431 10,778
Equity investment in Flipkart 0 514
Equity investment in Flipkart 1,029 0
Acquisitions, net of cash acquired (302) (22)
Other 13 1
Net cash provided by (used in) investing activities 2,473 (1,507)
Cash flows from financing activities:    
Proceeds from issuance of common stock 70 74
Repurchases of common stock (2,991) (1,824)
Tax withholdings related to net share settlements of restricted stock units and awards (189) (170)
Proceeds from issuance of long-term debt, net 0 2,484
Repayment of debt (750) (1,450)
Other (27) (2)
Net cash used in financing activities (3,887) (888)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (50) 184
Net increase (decrease) in cash and cash equivalents (39) (53)
Cash and cash equivalents at beginning of period 2,140 1,835
Cash, cash equivalents and restricted cash at end of period 2,101 1,782
Supplemental cash flow disclosures:    
Cash paid for interest 268 241
Cash paid for income taxes 569 193
Noncash investing activities:    
Relinquishment of equity method investment 266 0
Sale of business in exchange for ownership interest in Flipkart $ 0 $ 211