XML 19 R8.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating activities:    
Net income $ 27 $ 63
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property and equipment, including amortization of internal-use software and website development 16 14
Amortization of intangible assets 8 7
Stock-based compensation expense 19 16
Deferred tax expense 2 3
Excess tax benefits from stock-based compensation (4) (7)
Other, net   2
Changes in operating assets and liabilities, net of effects from acquisitions:    
Accounts receivable, prepaid expenses and other assets (65) (71)
Accounts payable, accrued expenses and other liabilities 14 4
Deferred merchant payables 72 60
Income taxes, net 1 (13)
Deferred revenue 30 21
Net cash provided by operating activities 120 99
Investing activities:    
Capital expenditures, including internal-use software and website development (17) (31)
Acquisitions, net of cash acquired   (5)
Purchases of marketable securities (16) (32)
Sales of marketable securities 33 25
Maturities of marketable securities 11 9
Net cash provided by (used in) investing activities 11 (34)
Financing activities:    
Repurchase of common stock (1)  
Proceeds from credit facilities   2
Principal payments on term loan   (10)
Payments to credit facilities (90)  
Proceeds from exercise of stock options 2 8
Payment of minimum withholding taxes on net share settlements of equity awards (9) (13)
Excess tax benefits from stock-based compensation 4 7
Other financing activities, net   3
Net cash used in financing activities (94) (3)
Effect of exchange rate changes on cash and cash equivalents 2 (12)
Net increase in cash and cash equivalents 39 50
Cash and cash equivalents at beginning of period 614 455
Cash and cash equivalents at end of period $ 653 505
Supplemental disclosure of non-cash investing and financing activities:    
Capitalization of construction in-process related to build to suit lease obligation   4
Capital expenditures incurred but not yet paid primarily related to build to suit lease   $ 8