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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income (loss) $ 3,026 $ 2,844
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Transaction and credit losses 1,008 1,286
Depreciation and amortization 783 809
Stock-based compensation 947 1,087
Deferred income taxes 8 (439)
Net (gains) losses on strategic investments 226 (205)
Accretion of discounts on investments, net of amortization of premiums (290) (265)
Adjustments to loans and interest receivable, held for sale 92 49
Other (138) (2)
Originations of loans receivable, held for sale (17,173) (5,705)
Proceeds from repayments and sales of loans receivable, originally classified as held for sale 17,159 3,676
Changes in assets and liabilities:    
Accounts receivable 31 (35)
Accounts payable 24 (6)
Other assets and liabilities (647) (865)
Net cash provided by operating activities 5,056 2,229
Cash flows from investing activities:    
Purchases of reverse repurchase agreements (299) 0
Maturities of reverse repurchase agreements 226 0
Purchases of property and equipment (480) (478)
Proceeds from sales of property and equipment 0 44
Purchases and originations of loans receivable (15,374) (19,802)
Proceeds from repayments and sales of loans receivable, originally classified as held for investment 14,705 21,319
Purchases of investments (20,819) (14,975)
Maturities and sales of investments 21,179 16,110
Funds receivable 152 (1,016)
Collateral posted related to derivative instruments, net (58) 8
Other (100) 76
Net cash (used in) provided by investing activities (868) 1,286
Cash flows from financing activities:    
Borrowings from repurchase agreements 656 0
Repayments of repurchase agreements (656) 0
Proceeds from issuance of common stock 55 82
Purchases of treasury stock (4,778) (4,395)
Tax withholdings related to net share settlements of equity awards (271) (225)
Borrowings under financing arrangements 1,546 829
Repayments under financing arrangements (411) (942)
Funds payable and amounts due to customers (771) (1,277)
Collateral received related to derivative instruments and reverse repurchase agreements, net (1) (65)
Other (60) 0
Net cash used in financing activities (4,691) (5,993)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 103 (95)
Net change in cash, cash equivalents, and restricted cash (400) (2,573)
Cash, cash equivalents, and restricted cash at beginning of period 21,834 19,156
Cash, cash equivalents, and restricted cash at end of period 21,434 16,583
Supplemental cash flow disclosures:    
Cash paid for interest 168 167
Cash paid for income taxes, net $ 975 $ 1,058