XML 23 R7.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Statement of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating Activities    
Net income $ 2,361 $ 2,631
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of customer and merchant incentives 378 430
Depreciation and amortization 191 192
(Gains) losses on equity investments, net 212 76
Share-based compensation 108 74
Deferred income taxes (129) (320)
Other 2 5
Changes in operating assets and liabilities:    
Accounts receivable (38) 134
Settlement assets 35 218
Prepaid expenses (761) (441)
Accrued litigation and legal settlements 9 (43)
Restricted security deposits held for customers 40 (144)
Accounts payable (184) (56)
Settlement obligations (241) (366)
Accrued expenses (506) (746)
Net change in other assets and liabilities 442 138
Net cash provided by operating activities 1,919 1,782
Investing Activities    
Purchases of investment securities available-for-sale (50) (58)
Purchases of investments held-to-maturity (26) (37)
Proceeds from sales of investment securities available-for-sale 4 8
Proceeds from maturities of investment securities available-for-sale 51 70
Proceeds from maturities of investments held-to-maturity 24 43
Purchases of property and equipment (110) (146)
Capitalized software (242) (148)
Purchases of equity investments (22) (24)
Proceeds from sales of equity investments 44 0
Other investing activities (70) 5
Net cash used in investing activities (397) (287)
Financing Activities    
Purchases of treasury stock (2,878) (2,408)
Dividends paid (545) (479)
Proceeds from debt, net 1,489 843
Tax withholdings related to share-based payments (76) (132)
Cash proceeds from exercise of stock options 53 28
Other financing activities 2 (6)
Net cash used in financing activities (1,955) (2,154)
Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents 37 (28)
Net decrease in cash, cash equivalents, restricted cash and restricted cash equivalents (396) (687)
Cash, cash equivalents, restricted cash and restricted cash equivalents - beginning of period 9,196 9,902
Cash, cash equivalents, restricted cash and restricted cash equivalents - end of period $ 8,800 $ 9,215