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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 7,854 $ 7,349
Short-term investments 2,332 3,412
Accounts receivable, net 412 435
Loans and interest receivable, net of allowances of $754 and $258 as of March 31, 2020 and December 31, 2019, respectively 3,712 3,972
Funds receivable and customer accounts 22,817 22,527
Prepaid expenses and other current assets 1,057 800
Total current assets 38,184 38,495
Long-term investments 2,366 2,863
Property and equipment, net 1,646 1,693
Goodwill 9,124 6,212
Intangible assets, net 1,369 778
Other assets 1,577 1,292
Total assets 54,266 51,333
Current liabilities:    
Accounts payable 217 232
Funds payable and amounts due to customers 24,817 24,527
Accrued expenses and other current liabilities 2,276 2,087
Income taxes payable 139 73
Total current liabilities 27,449 26,919
Deferred tax liability and other long-term liabilities 2,839 2,520
Long-term debt 7,967 4,965
Total liabilities 38,255 34,404
Commitments and Contingencies (Note 13)
Equity:    
Common stock, $0.0001 par value; 4,000 shares authorized; 1,173 shares outstanding as of both March 31, 2020 and December 31, 2019 0 0
Preferred stock, $0.0001 par value; 100 shares authorized, unissued 0 0
Treasury stock at cost, 113 and 105 shares as of March 31, 2020 and December 31, 2019, respectively (7,672) (6,872)
Additional paid-in-capital 15,501 15,588
Retained earnings 8,258 8,342
Accumulated other comprehensive income (loss) (120) (173)
Total PayPal Stockholders’ equity 15,967 16,885
Noncontrolling interest 44 44
Total equity 16,011 16,929
Total liabilities and equity $ 54,266 $ 51,333