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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating activities:    
Net income (loss) $ (158) $ (30)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation of property and equipment, including internal-use software and website development 336 293
Amortization of stock-based compensation 100 97
Amortization of intangible assets 144 133
Impairment of goodwill 61 0
Deferred income taxes (6) 2
Foreign exchange (gain) loss on cash, restricted cash and short-term investments, net 85 (58)
Realized gain on foreign currency forwards (16) (7)
Loss on minority equity investments, net (61) (6)
Other 21 (16)
Changes in operating assets and liabilities, net of effects from acquisitions:    
Accounts receivable (476) (434)
Prepaid expenses and other assets (96) (46)
Accounts payable, merchant (25) 197
Accounts payable, other, accrued expenses and other current liabilities 216 279
Tax payable/receivable, net (159) (158)
Deferred merchant bookings 2,268 2,030
Deferred revenue 135 101
Net cash provided by operating activities 2,491 2,389
Investing activities:    
Capital expenditures, including internal-use software and website development (411) (357)
Purchases of investments (1,669) (991)
Sales and maturities of investments 624 175
Net settlement of foreign currency forwards 16 7
Acquisitions, net of cash and restricted cash acquired 0 (136)
Other, net 6 0
Net cash used in investing activities (1,434) (1,302)
Financing activities:    
Purchases of treasury stock (426) (114)
Payment of dividends to stockholders (91) (85)
Proceeds from exercise of equity awards and employee stock purchase plan 67 137
Other, net (6) (19)
Net cash used in financing activities (456) (81)
Effect of exchange rate changes on cash, cash equivalents and restricted cash and cash equivalents (106) 99
Net increase in cash, cash equivalents and restricted cash and cash equivalents 495 1,105
Cash, cash equivalents and restricted cash and cash equivalents at beginning of period 2,917 1,818
Cash, cash equivalents and restricted cash and cash equivalents at end of period 3,412 2,923
Supplemental cash flow information    
Cash paid for interest 106 90
Income tax payments, net $ 136 $ 107