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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income (loss) $ 4,246 $ 2,419 $ 4,169
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Transaction and credit losses 1,682 1,572 1,060
Depreciation and amortization 1,072 1,317 1,265
Stock-based compensation 1,475 1,261 1,376
Deferred income taxes (668) (811) (482)
Net (gains) losses on strategic investments (201) 304 (46)
Gain on divestiture of business, excluding transaction costs (356) 0 0
Accretion of discounts on investments, net of amortization of premiums (367) (70) 73
Adjustments to loans and interest receivable, held for sale 53 0 0
Other (104) 275 27
Originations of loans receivable, held for sale (11,470) 0 0
Proceeds from repayments and sales of loans receivable, originally classified as held for sale 10,795 0 0
Changes in assets and liabilities:      
Accounts receivable (114) (163) (222)
Transaction loss allowance for cash losses, net (1,188) (1,230) (1,178)
Other current assets and non-current assets 203 118 (486)
Accounts payable 7 (35) (31)
Other current liabilities and non-current liabilities (222) 856 272
Net cash provided by operating activities 4,843 5,813 5,797
Cash flows from investing activities:      
Purchases of property and equipment (623) (706) (908)
Proceeds from sales of property and equipment 45 5 5
Purchases and originations of loans receivable (25,198) (28,170) (13,420)
Proceeds from repayments and sales of loans receivable, originally classified as held for investment 26,660 24,903 11,826
Purchases of investments (21,980) (20,219) (40,116)
Maturities and sales of investments 24,295 23,411 39,698
Acquisitions, net of cash and restricted cash acquired 0 0 (2,763)
Proceeds from divestiture of business, net of cash divested 466 0 0
Funds receivable (2,943) (2,720) 193
Collateral posted related to derivative instruments, net (56) (19) 336
Other investing activities 86 187 0
Net cash provided by (used in) investing activities 752 (3,328) (5,149)
Cash flows from financing activities:      
Proceeds from issuance of common stock 127 143 162
Purchases of treasury stock (5,002) (4,199) (3,373)
Tax withholdings related to net share settlements of equity awards (257) (336) (1,036)
Borrowings under financing arrangements 1,528 3,475 272
Repayments under financing arrangements (1,053) (1,686) (361)
Funds payable and amounts due to customers 1,861 1,405 3,572
Collateral received related to derivative instruments, net (197) (6) 207
Other financing activities 0 1 0
Net cash used in financing activities (2,993) (1,203) (557)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 76 (155) (102)
Net change in cash, cash equivalents, and restricted cash 2,678 1,127 (11)
Cash, cash equivalents, and restricted cash at beginning of period 19,156 18,029 18,040
Cash, cash equivalents, and restricted cash at end of period 21,834 19,156 18,029
Supplemental cash flow disclosures:      
Cash paid for interest 331 280 231
Cash paid for income taxes, net 2,118 878 474
The table below reconciles cash, cash equivalents, and restricted cash as reported in the consolidated balance sheets to the total of the same amounts shown in the consolidated statements of cash flows:      
Cash and cash equivalents 9,081 7,776 5,197
Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows 21,834 19,156 18,029
Short-term and long-term investments      
The table below reconciles cash, cash equivalents, and restricted cash as reported in the consolidated balance sheets to the total of the same amounts shown in the consolidated statements of cash flows:      
Restricted cash and cash equivalents 3 17 109
Funds receivable and customer accounts      
The table below reconciles cash, cash equivalents, and restricted cash as reported in the consolidated balance sheets to the total of the same amounts shown in the consolidated statements of cash flows:      
Restricted cash and cash equivalents $ 12,750 $ 11,363 $ 12,723