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Consolidated Statement Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operations:      
Net income (loss) $ 482 $ 83 $ (1)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Equity in earnings of unconsolidated entity 0 9 0
Unrealized foreign currency losses, net 411 91 89
Impairment of digital assets 12 9 0
Depreciation and amortization 403 204 105
Accrued interest income (166) (36) (46)
Non cash interest expense, convertible notes amortization of debt discount and amortization of debt issuance costs and other charges 137 86 15
Provision for doubtful accounts 1,073 435 133
Results on derivative instruments 66 0 (2)
Settlement of the call option 0 (11) 0
Stock-based compensation expense - restricted shares 1 1 1
Sale of fixed assets and intangible assets 0 0 4
LTRP accrued compensation 84 89 130
Deferred income taxes (97) (29) (70)
Changes in assets and liabilities:      
Accounts receivable (71) (26) 12
Credit card receivables and other means of payments (1,084) (1,063) (522)
Prepaid expenses 3 (13) 16
Inventories 114 (142) (107)
Other assets (90) (175) (114)
Payables and accrued expenses 449 380 584
Funds payable to customers 1,044 808 901
Amounts payable due to credit and debit card transactions 128 309 37
Other liabilities (82) (79) (35)
Interest received from investments 123 35 52
Net cash provided by operating activities 2,940 965 1,182
Cash flows from investing activities:      
Purchases of investments (12,694) (7,371) (5,200)
Proceeds from sale and maturity of investments 11,023 7,801 5,533
Payments for acquired businesses, net of cash acquired 0 (51) (7)
Capital contributions in joint ventures 0 (5) 0
Receipts from settlements of derivative instruments 1 6 18
Payments from settlements of derivative instruments (45) (20) (4)
Purchases of intangible assets (1) (36) 0
Changes in principal loans receivable, net (1,701) (1,348) (345)
Investments of property and equipment (454) (573) (247)
Net cash used in investing activities (3,871) (1,597) (252)
Cash flows from financing activities:      
Purchase of convertible note capped calls 0 (101) (307)
Exercise of Convertible Notes 0 (3) 0
Payments on repurchase of the 2028 Notes 0 (1,865) 0
Unwind of convertible note capped calls 0 397 0
Proceeds from loans payable and other financial liabilities 17,017 9,262 2,396
Payments on loans payable and other financing liabilities (15,933) (6,782) (1,785)
Payments of finance lease obligations (20) (17) (5)
Common Stock repurchased (148) (486) (54)
Dividends paid of preferred stock 0 0 (3)
Proceeds from issuance of common stock, net 0 1,520 0
Net cash provided by financing activities 916 1,925 242
Effect of exchange rate changes on cash, cash equivalents, restricted cash and cash equivalents (270) (153) (115)
Net (decrease) increase in cash, cash equivalents, restricted cash and cash equivalents (285) 1,140 1,057
Cash, cash equivalents, restricted cash and cash equivalents, beginning of the year 3,648 2,508 1,451
Cash, cash equivalents, restricted cash and cash equivalents, end of the year 3,363 3,648 2,508
Supplemental cash flow information:      
Cash paid for interest 247 58 54
Cash paid for income tax 437 282 140
Non-cash financing activities:      
Finance lease obligations 18 20 12
Non-cash investing activities:      
Contingent considerations and escrows from acquired business 0 12 2
Right-of-use assets obtained under operating leases 317 229 138
Right-of-use assets obtained under finance leases 18 37 17
Acquired businesses, through call option 0 11 0
Acquisition of business      
Cash and cash equivalents 0 4 [1] 1 [2]
Accounts receivable 0 6 [1] 3 [2]
Other current assets 0 18 [1] 2 [2]
Other non current assets 0 1 [1] 0 [2]
Intangible Assets 0 0 [1] 0 [2]
Fixed Assets 0 1 [1] 1 [2]
Total assets acquired 0 30 [1] 7 [2]
Accounts payable and accrued expenses 0 19 [1] 2 [2]
Other liabilities 0 7 [1] 6 [2]
Total liabilities assumed 0 26 [1] 8 [2]
Net assets acquired (liabilities assumed) 0 4 [1] (1) [2]
Goodwill and deferred tax liabilities 0 68 [1] 6 [2]
Total purchase price 0 77 [1] 11 [2]
Cash and cash equivalents acquired 0 4 [1] 1 [2]
Total purchase price, net of cash acquired 0 73 [1] 10 [2]
Hubs network      
Acquisition of business      
Intangible assets 0 3 [1] 3 [2]
Platform      
Acquisition of business      
Intangible assets 0 1 [1] 0 [2]
Customer lists and non-compete agreements      
Acquisition of business      
Intangible assets 0 1 [1] 2 [2]
Non-Compete And Non Solicitation Agreement [Member]      
Acquisition of business      
Intangible assets $ 0 $ 0 [1] $ 1 [2]
[1] Related to the acquisition of a shipping company and payment services company - See Note 8 “Business combinations, goodwill, and intangible assets.”
[2] Related to the acquisition of a software development company.