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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income (loss) $ 738 $ (1,872)
(Income) loss from discontinued operations, net of income taxes 3 (3)
Adjustments:    
Provision for transaction losses 174 182
Depreciation and amortization 208 231
Stock-based compensation 282 248
Loss (gain) on investments and other, net (3) 7
Deferred income taxes (78) (695)
Change in fair value of warrant (69) 219
Changes in assets and liabilities, net of acquisition effects 108 (398)
Net cash provided by continuing operating activities 1,446 1,206
Net cash used in discontinued operating activities (4) (365)
Net cash provided by operating activities 1,442 841
Cash flows from investing activities:    
Purchases of property and equipment (245) (194)
Purchases of investments (7,687) (10,146)
Maturities and sales of investments 8,382 13,181
Other (26) (44)
Net cash provided by investing activities 424 3,764
Cash flows from financing activities:    
Proceeds from issuance of common stock 48 55
Repurchases of common stock (492) (2,542)
Payments for taxes related to net share settlements of restricted stock units and awards (160) (98)
Payments for dividends (267) (250)
Repayment of debt (1,150) (1,355)
Net funds receivable and payable activity 562 8
Other 1 0
Net cash used in financing activities (1,458) (4,182)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (6) (57)
Net increase in cash, cash equivalents and restricted cash 402 366
Cash, cash equivalents and restricted cash at beginning of period 2,272 1,406
Cash, cash equivalents and restricted cash at end of period 2,674 1,772
Cash paid for:    
Interest 143 134
Income taxes 84 282
Adevinta    
Adjustments:    
Change in fair value of equity investment 36 2,472
Adyen    
Adjustments:    
Change in fair value of equity investment 0 285
Cash flows from investing activities:    
Proceeds from the sale of shares in Adyen 0 680
Gmarket    
Adjustments:    
Change in fair value of equity investment 40 259
KakaoBank    
Adjustments:    
Change in fair value of equity investment 7 271
Cash flows from investing activities:    
Proceeds from the sale of shares in KakaoBank $ 0 $ 287