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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating activities:    
Net loss $ (100) $ (149)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation of property and equipment, including internal-use software and website development 176 167
Amortization of stock-based compensation 56 50
Amortization of intangible assets 52 72
Deferred income taxes 17 88
Foreign exchange (gain) loss on cash, restricted cash and short-term investments, net 5 (5)
Realized gain on foreign currency forwards (7) (8)
Gain on minority equity investments, net (22) (37)
Other (7) (3)
Changes in operating assets and liabilities, net of effects from acquisitions:    
Accounts receivable (468) (345)
Prepaid expenses and other assets (23) (57)
Accounts payable, merchant 39 (127)
Accounts payable, other, accrued expenses and other liabilities 146 38
Tax payable/receivable, net (169) (178)
Deferred merchant bookings 2,285 2,027
Deferred revenue 169 143
Net cash provided by operating activities 2,149 1,676
Investing activities:    
Capital expenditures, including internal-use software and website development (274) (192)
Purchases of investments (438) (867)
Sales and maturities of investments 0 317
Other, net 6 14
Net cash used in investing activities (706) (728)
Financing activities:    
Purchases of treasury stock (25) (202)
Payment of dividends to stockholders (47) (46)
Proceeds from exercise of equity awards and employee stock purchase plan 91 20
Other, net 2 (8)
Net cash provided by (used in) financing activities 21 (236)
Effect of exchange rate changes on cash, cash equivalents and restricted cash and cash equivalents (11) 17
Net increase in cash, cash equivalents and restricted cash and cash equivalents 1,453 729
Cash, cash equivalents and restricted cash and cash equivalents at beginning of period 2,705 2,917
Cash, cash equivalents and restricted cash and cash equivalents at end of period 4,158 3,646
Supplemental cash flow information    
Cash paid for interest 71 86
Income tax payments, net $ 105 $ 67