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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 7,101 $ 7,776
Short-term investments 3,559 3,092
Accounts receivable, net 967 963
Loans and interest receivable, net of allowances of $638 and $598 as of March 31, 2023 and December 31, 2022, respectively 7,495 7,431
Funds receivable and customer accounts 35,276 36,357
Prepaid expenses and other current assets 2,162 1,898
Total current assets 56,560 57,517
Long-term investments 4,632 5,018
Property and equipment, net 1,633 1,730
Goodwill 11,195 11,209
Intangible assets, net 730 788
Other assets 2,436 2,455
Total assets 77,186 78,717
Current liabilities:    
Accounts payable 142 126
Funds payable and amounts due to customers 39,026 40,107
Accrued expenses and other current liabilities 4,164 4,055
Income taxes payable 577 813
Total current liabilities 43,909 45,101
Deferred tax liability and other long-term liabilities 2,938 2,925
Long-term debt 10,481 10,417
Total liabilities 57,328 58,443
Commitments and contingencies (Note 13)
Equity:    
Common stock, $0.0001 par value; 4,000 shares authorized; 1,122 and 1,136 shares outstanding as of March 31, 2023 and December 31, 2022, respectively 0 0
Preferred stock, $0.0001 par value; 100 shares authorized, unissued 0 0
Treasury stock at cost, 192 and 173 shares as of March 31, 2023 and December 31, 2022, respectively (17,522) (16,079)
Additional paid-in-capital 18,529 18,327
Retained earnings 19,749 18,954
Accumulated other comprehensive income (loss) (898) (928)
Total PayPal stockholders’ equity 19,858 20,274
Total liabilities and equity $ 77,186 $ 78,717