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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income (loss) $ 567 $ (1,341)
Loss from discontinued operations, net of income taxes 2 2
Adjustments:    
Provision for transaction losses 84 96
Depreciation and amortization 107 118
Stock-based compensation 128 111
Loss (gain) on investments and other, net (4) 6
Deferred income taxes 33 (376)
Change in fair value of warrant (38) 115
Changes in assets and liabilities, net of acquisition effects 122 (272)
Net cash provided by continuing operating activities 841 629
Net cash used in discontinued operating activities 0 (16)
Net cash provided by operating activities 841 613
Cash flows from investing activities:    
Purchases of property and equipment (132) (83)
Purchases of investments (3,543) (5,475)
Maturities and sales of investments 4,404 6,827
Other (28) 3
Net cash provided by continuing investing activities 701 1,772
Net cash provided by discontinued investing activities 0 0
Net cash provided by investing activities 701 1,772
Cash flows from financing activities:    
Proceeds from issuance of common stock 0 1
Repurchases of common stock (242) (1,069)
Payments for taxes related to net share settlements of restricted stock units and awards (92) (61)
Payments for dividends (134) (129)
Repayment of debt (1,150) (750)
Net funds receivable and payable activity 229 56
Other 1 0
Net cash used in continuing financing activities (1,388) (1,952)
Net cash used in discontinued financing activities 0 0
Net cash used in financing activities (1,388) (1,952)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 5 (18)
Net increase in cash, cash equivalents and restricted cash 159 415
Cash, cash equivalents and restricted cash at beginning of period 2,272 1,406
Cash, cash equivalents and restricted cash at end of period 2,431 1,821
Cash, cash equivalents and restricted cash of continuing operations at end of period 2,431 1,821
Cash paid for:    
Interest 60 80
Income taxes 29 35
Discontinued Operations, Disposed of by Sale    
Cash flows from financing activities:    
Less: Cash, cash equivalents and restricted cash of discontinued operations 0 0
Adevinta    
Adjustments:    
Change in fair value of equity investment (174) 1,643
Adyen    
Adjustments:    
Change in fair value of equity investment 0 246
Cash flows from investing activities:    
Proceeds from the sale of shares in Adyen 0 473
Gmarket    
Adjustments:    
Change in fair value of equity investment 11 182
KakaoBank    
Adjustments:    
Change in fair value of equity investment 3 99
Cash flows from investing activities:    
Proceeds from the sale of shares in KakaoBank $ 0 $ 27