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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 5,504 $ 7,776
Short-term investments 4,398 3,092
Accounts receivable, net 928 963
Loans and interest receivable, held for sale 1,903 0
Loans and interest receivable, net of allowances of $617 and $598 as of June 30, 2023 and December 31, 2022, respectively 5,547 7,431
Funds receivable and customer accounts 33,643 36,264
Prepaid expenses and other current assets 2,202 1,898
Total current assets 54,125 57,424
Long-term investments 4,543 5,018
Property and equipment, net 1,589 1,730
Goodwill 11,067 11,209
Intangible assets, net 640 788
Other assets 2,615 2,455
Total assets 74,579 78,624
Current liabilities:    
Accounts payable 137 126
Funds payable and amounts due to customers 37,393 40,014
Accrued expenses and other current liabilities 3,433 4,055
Income taxes payable 791 813
Total current liabilities 41,754 45,008
Deferred tax liability and other long-term liabilities 2,615 2,925
Long-term debt 10,549 10,417
Total liabilities 54,918 58,350
Commitments and contingencies (Note 13)
Equity:    
Common stock, $0.0001 par value; 4,000 shares authorized; 1,102 and 1,136 shares outstanding as of June 30, 2023 and December 31, 2022, respectively 0 0
Preferred stock, $0.0001 par value; 100 shares authorized, unissued 0 0
Treasury stock at cost, 214 and 173 shares as of June 30, 2023 and December 31, 2022, respectively (19,064) (16,079)
Additional paid-in-capital 18,943 18,327
Retained earnings 20,778 18,954
Accumulated other comprehensive income (loss) (996) (928)
Total PayPal stockholders’ equity 19,661 20,274
Total liabilities and equity $ 74,579 $ 78,624