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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
OPERATING ACTIVITIES:    
Net income (loss) $ 266 $ (700)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 120 111
Provision for expected credit losses and chargebacks 54 55
Deferred income tax benefit (340) (216)
Net losses on equity securities [1] 133 987
Stock-based compensation expense and other stock-based payments 113 93
Operating lease amortization 41 39
Unrealized foreign currency transaction losses (gains) related to Euro-denominated debt 26 (30)
Other 0 30
Changes in assets and liabilities:    
Accounts receivable 158 (326)
Prepaid expenses and other current assets 118 (56)
Deferred merchant bookings and other current liabilities 2,038 1,868
Long-term assets and liabilities 162 (160)
Net cash provided by operating activities 2,889 1,695
INVESTING ACTIVITIES:    
Proceeds from sale and maturity of investments 1,683 0
Additions to property and equipment (88) (109)
Other investing activities (9) (12)
Net cash provided by (used in) investing activities 1,586 (121)
FINANCING ACTIVITIES:    
Payment on maturity of debt (500) (1,102)
Payments for repurchase of common stock (2,150) (1,049)
Proceeds from exercise of stock options 105 3
Other financing activities (17) 9
Net cash used in financing activities (2,562) (2,139)
Effect of exchange rate changes on cash and cash equivalents and restricted cash and cash equivalents 8 (9)
Net increase (decrease) in cash and cash equivalents and restricted cash and cash equivalents 1,921 (574)
Total cash and cash equivalents and restricted cash and cash equivalents, beginning of period 12,251 11,152
Total cash and cash equivalents and restricted cash and cash equivalents, end of period 14,172 10,578
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid during the period for income taxes 311 98
Cash paid during the period for interest $ 142 $ 72
[1] Includes losses of $149 million related to the sale of Meituan. See Note 5 for additional information related to the net losses on equity securities.