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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Dec. 31, 2019
Cash flows from operating activities:          
Net income $ 664 $ 310 $ 4,822 $ 1,230  
(Income) loss from discontinued operations, net of income taxes (43) (100) (3,061) (183)  
Adjustments:          
Provision for transaction losses 60 68 245 194  
Depreciation and amortization     471 474  
Stock-based compensation     311 321  
(Gain) loss on sale of business     0 52  
(Gain) loss on investments, net     1 1  
Deferred income taxes     169 (22)  
Change in fair value of warrant     (496) (56)  
Changes in assets and liabilities, net of acquisition effects     (199) (122)  
Net cash provided by continuing operating activities     2,263 1,889  
Net cash provided by (used in) discontinued operating activities (611) 208 (602) 414  
Net cash provided by operating activities     1,661 2,303  
Cash flows from investing activities:          
Purchases of property and equipment     (326) (394)  
Purchases of investments     (28,897) (37,390)  
Maturities and sales of investments     28,740 40,483  
Equity investment in Paytm Mall     0 (160)  
Other     39 15  
Net cash provided by (used in) continuing investing activities     (444) 2,554  
Net cash provided by (used in) discontinued investing activities (7) (4) 4,024 (125)  
Net cash provided by investing activities     3,580 2,429  
Cash flows from financing activities:          
Proceeds from issuance of common stock     55 59  
Repurchases of common stock     (4,710) (3,971)  
Payments for taxes related to net share settlements of restricted stock units and awards     (131) (162)  
Payments for dividends (111) (115) (337) (360)  
Proceeds from issuance of long-term debt, net     1,765 0  
Repayment of debt     (1,771) (1,550)  
Other     (12) 1  
Net cash used in continuing financing activities     (5,141) (5,983)  
Net cash provided by (used in) discontinued financing activities 0 0 (2) 0  
Net cash used in financing activities     (5,143) (5,983)  
Effect of exchange rate changes on cash, cash equivalents and restricted cash     25 (59)  
Net increase (decrease) in cash, cash equivalents and restricted cash     123 (1,310)  
Cash, cash equivalents and restricted cash at beginning of period     996 2,219 $ 2,219
Cash, cash equivalents and restricted cash at end of period 1,119 909 1,119 909 996
Cash, cash equivalents and restricted cash of continuing operations at end of period 1,089 845 1,089 845 $ 922
Supplemental cash flow disclosures:          
Cash paid for interest     243 260  
Cash paid for interest on financial lease obligations     1 1  
Cash paid for income taxes     376 188  
Discontinued Operations, Held-for-sale          
Cash flows from financing activities:          
Less: Cash, cash equivalents and restricted cash of discontinued operations 30 41 30 41  
Discontinued Operations, Disposed of by Sale          
Cash flows from financing activities:          
Less: Cash, cash equivalents and restricted cash of discontinued operations $ 0 $ 23 $ 0 $ 23