XML 21 R7.htm IDEA: XBRL DOCUMENT v3.24.3
Consolidated Statement of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating Activities    
Net income $ 9,532 $ 8,404
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of customer incentives 1,328 1,196
Depreciation and amortization 666 594
(Gains) losses on equity investments, net 69 95
Share-based compensation 418 374
Deferred income taxes (261) (239)
Other 117 88
Changes in operating assets and liabilities:    
Accounts receivable 99 (484)
Settlement assets (743) 151
Prepaid expenses (2,776) (1,837)
Accrued litigation and legal settlements (59) (621)
Restricted security deposits held for customers 23 240
Accounts payable 59 (319)
Settlement obligations 731 (119)
Accrued expenses 671 43
Net change in other assets and liabilities 72 284
Net cash provided by operating activities 9,946 7,850
Investing Activities    
Purchases of investment securities available-for-sale (414) (244)
Purchases of investments held-to-maturity (98) (327)
Proceeds from sales of investment securities available-for-sale 171 72
Proceeds from maturities of investment securities available-for-sale 204 155
Proceeds from maturities of investments held-to-maturity 363 116
Purchases of property and equipment (379) (294)
Capitalized software (565) (525)
Purchases of equity investments (28) (61)
Proceeds from sales of equity investments 23 44
Other investing activities (1) (73)
Net cash used in investing activities (724) (1,137)
Financing Activities    
Purchases of treasury stock (7,565) (7,200)
Dividends paid (1,842) (1,624)
Proceeds from debt, net 3,960 1,554
Payment of debt (1,336) 0
Tax withholdings related to share-based payments (175) (81)
Cash proceeds from exercise of stock options 163 213
Net cash used in financing activities (6,795) (7,138)
Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents 75 (29)
Net (decrease) increase in cash, cash equivalents, restricted cash and restricted cash equivalents 2,502 (454)
Cash, cash equivalents, restricted cash and restricted cash equivalents - beginning of period 10,465 9,196
Cash, cash equivalents, restricted cash and restricted cash equivalents - end of period $ 12,967 $ 8,742