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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income (loss) $ 2,419 $ 4,169 $ 4,202
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Transaction and credit losses 1,572 1,060 1,741
Depreciation and amortization 1,317 1,265 1,189
Stock-based compensation 1,261 1,376 1,376
Deferred income taxes (811) (482) 165
Net (gains) losses on strategic investments 304 (46) (1,914)
Other 205 100 47
Changes in assets and liabilities:      
Accounts receivable (163) (222) (100)
Transaction loss allowance for cash losses, net (1,230) (1,178) (1,120)
Other current assets and non-current assets 118 (486) (171)
Accounts payable (35) (31) (4)
Income taxes payable 373 73 (230)
Other current liabilities and non-current liabilities 483 199 1,038
Net cash provided by operating activities 5,813 5,797 6,219
Cash flows from investing activities:      
Purchases of property and equipment (706) (908) (866)
Proceeds from sales of property and equipment 5 5 120
Purchases and originations of loans receivable (28,170) (13,420) (6,098)
Principal repayment of loans receivable 24,903 11,826 6,392
Purchases of investments (20,219) (40,116) (41,513)
Maturities and sales of investments 23,411 39,698 30,908
Acquisitions, net of cash and restricted cash acquired 0 (2,763) (3,609)
Funds receivable (2,813) 193 (1,552)
Collateral posted related to derivative instruments, net (19) 336 (327)
Other investing activities 187 0 0
Net cash used in investing activities (3,421) (5,149) (16,545)
Cash flows from financing activities:      
Proceeds from issuance of common stock 143 162 137
Purchases of treasury stock (4,199) (3,373) (1,635)
Tax withholdings related to net share settlements of equity awards (336) (1,036) (521)
Borrowings under financing arrangements 3,475 272 6,966
Repayments under financing arrangements (1,686) (361) (3,000)
Funds payable and amounts due to customers 1,498 3,572 10,597
Collateral received related to derivative instruments, net (6) 207 (38)
Other financing activities 1 0 (52)
Net cash (used in) provided by financing activities (1,110) (557) 12,454
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (155) (102) 169
Net change in cash, cash equivalents, and restricted cash 1,127 (11) 2,297
Cash, cash equivalents, and restricted cash at beginning of period 18,029 18,040 15,743
Cash, cash equivalents, and restricted cash at end of period 19,156 18,029 18,040
Supplemental cash flow disclosures:      
Cash paid for interest 280 231 190
Cash paid for income taxes, net 878 474 565
The table below reconciles cash, cash equivalents, and restricted cash as reported in the consolidated balance sheets to the total of the same amounts shown in the consolidated statements of cash flows:      
Cash and cash equivalents 7,776 5,197 4,794
Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows 19,156 18,029 18,040
Short-term and long-term investments      
The table below reconciles cash, cash equivalents, and restricted cash as reported in the consolidated balance sheets to the total of the same amounts shown in the consolidated statements of cash flows:      
Restricted cash and cash equivalents 17 109 24
Funds receivable and customer accounts      
The table below reconciles cash, cash equivalents, and restricted cash as reported in the consolidated balance sheets to the total of the same amounts shown in the consolidated statements of cash flows:      
Restricted cash and cash equivalents $ 11,363 $ 12,723 $ 13,222