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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities:    
Net loss $ (1,397) $ (100)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation of property and equipment, including internal-use software and website development 185 176
Amortization of stock-based compensation 55 56
Amortization of intangible assets 44 52
Goodwill and Intangible Asset Impairment 886 0
Deferred income taxes (108) 17
Foreign exchange loss on cash, restricted cash and short-term investments, net 98 5
Realized gain on foreign currency forwards (19) (7)
(Gain) loss on minority equity investments, net 188 (22)
Provision for credit losses and other, net 105 (7)
Changes in operating assets and liabilities:    
Accounts receivable 1,086 (468)
Prepaid expenses and other assets (791) (23)
Accounts payable, merchant (1,082) 39
Accounts payable, other, accrued expenses and other liabilities (129) 146
Tax payable/receivable, net (32) (169)
Deferred merchant bookings 226 2,285
Deferred revenue (99) 169
Net cash provided by (used in) operating activities (784) 2,149
Investing activities:    
Capital expenditures, including internal-use software and website development (287) (274)
Purchases of investments (285) (438)
Sales and maturities of investments 585 0
Other, net 19 6
Net cash provided by (used in) investing activities 32 (706)
Financing activities:    
Revolving credit facility borrowings 1,900 0
Purchases of treasury stock (410) (25)
Proceeds from exercise of equity awards and employee stock purchase plan (48) (47)
Proceeds from exercise of equity awards and employee stock purchase plan 86 91
Other, net (11) 2
Net cash provided by financing activities 1,517 21
Effect of exchange rate changes on cash, cash equivalents and restricted cash and cash equivalents (141) (11)
Net increase in cash, cash equivalents and restricted cash and cash equivalents 624 1,453
Cash, cash equivalents and restricted cash and cash equivalents at beginning of period 4,097 2,705
Cash, cash equivalents and restricted cash and cash equivalents at end of period 4,721 4,158
Supplemental cash flow information    
Cash paid for interest 87 71
Income tax payments, net $ 56 $ 105