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Interim Condensed Consolidated Statement Of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operations:    
Net income (loss) $ 65 $ (34)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Unrealized devaluation loss, net 30 25
Impairment of digital assets 2 0
Depreciation and amortization 84 38
Accrued interest income (24) (4)
Non cash interest, convertible notes amortization of debt discount and amortization of debt issuance costs and other charges 40 34
Bad debt charges 255 84
Financial results on derivative instruments 37 (19)
LTRP accrued compensation 30 22
Deferred income taxes (24) 4
Changes in assets and liabilities:    
Accounts receivable (71) 21
Credit cards receivables and other means of payments (447) (62)
Prepaid expenses (35) (15)
Inventories 38 (19)
Other assets (30) (35)
Payables and accrued expenses (148) (144)
Funds payable to customers (89) (110)
Amounts payable due to credit and debit card transactions 28 3
Other liabilities 0 (63)
Interest received from investments 26 9
Net cash used in operating activities (233) (265)
Cash flows from investing activities:    
Purchase of investments (2,903) (2,415)
Proceeds from sale and maturity of investments 2,425 2,589
Receipts from settlements of derivative instruments 0 2
Payment for settlements of derivative instruments (2) (4)
Purchases of intangible assets 0 (8)
Changes in principal of loans receivable, net (607) (149)
Purchases of property and equipment (137) (113)
Net cash used in investing activities (1,224) (98)
Cash flows from financing activities:    
Proceeds from loans payable and other financial liabilities 3,324 1,840
Payments on loans payable and other financial liabilities (3,129) (704)
Payments on repurchase of the 2028 Notes 0 (1,865)
Payment of finance lease obligations (4) (4)
Purchase of convertible note capped call 0 (101)
Common Stock repurchased (39) (25)
Net cash provided by (used in) financing activities 152 (859)
Effect of exchange rate changes on cash, cash equivalents, restricted cash and cash equivalents 71 (98)
Net decrease in cash, cash equivalents, restricted cash and cash equivalents (1,234) (1,320)
Cash, cash equivalents, restricted cash and cash equivalents, beginning of the year 3,648 [1] 2,508
Cash, cash equivalents, restricted cash and cash equivalents, end of the year $ 2,414 [1] $ 1,188
[1] Cash, cash equivalents, restricted cash and cash equivalents as reported in the consolidated statements of cash flow