XML 21 R8.htm IDEA: XBRL DOCUMENT v3.25.3
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
OPERATING ACTIVITIES:    
Net income $ 3,976 $ 4,814
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 472 434
Provision for expected credit losses and chargebacks 323 292
Deferred income taxes (483) (75)
Stock-based compensation expense 450 432
Operating lease amortization 105 114
Unrealized foreign currency transaction losses related to Euro-denominated debt 1,407 108
Impairment 457 0
Amortization of debt discount and change in fair value of the conversion option related to the convertible senior notes 360 0
Other (132) (27)
Changes in assets and liabilities:    
Accounts receivable (828) (651)
Prepaid expenses and other current assets 104 12
Deferred merchant bookings and other current liabilities 1,377 2,308
Other 331 (159)
Net cash provided by operating activities 7,919 7,602
INVESTING ACTIVITIES:    
Proceeds from maturity of investments 0 590
Additions to property and equipment (249) (353)
Other investing activities 7 (33)
Net cash (used in) provided by investing activities (242) 204
FINANCING ACTIVITIES:    
Proceeds from the issuance of long-term debt 1,955 2,959
Payments on maturity and redemption of debt (4,970) (1,114)
Payments for repurchase of common stock (4,321) (5,282)
Dividends paid (941) (885)
Other financing activities 29 (25)
Net cash used in financing activities (8,248) (4,347)
Effect of exchange rate changes on cash and cash equivalents and restricted cash and cash equivalents 905 214
Net increase in cash and cash equivalents and restricted cash and cash equivalents 334 3,673
Total cash and cash equivalents and restricted cash and cash equivalents, beginning of period 16,193 12,135
Total cash and cash equivalents and restricted cash and cash equivalents, end of period $ 16,527 $ 15,808