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Interim Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operations:    
Net income $ 201 $ 65
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Equity in earnings of unconsolidated entity (3) 0
Unrealized foreign currency losses, net 117 30
Impairment of digital assets 0 2
Depreciation and amortization 126 84
Accrued interest income (72) (24)
Non cash interest expense, convertible notes amortization of debt discount and amortization of debt issuance costs and other charges 52 40
Provision for doubtful accounts 252 255
Results on derivative instruments 11 37
Long term retention program (“LTRP”) accrued compensation 47 30
Deferred income taxes 8 (24)
Changes in assets and liabilities:    
Accounts receivable (12) (71)
Credit card receivables and other means of payments 165 (447)
Prepaid expenses (6) (35)
Inventories (39) 38
Other assets (10) (30)
Payables and accrued expenses 107 (148)
Funds payable to customers (242) (89)
Amounts payable due to credit and debit card transactions 63 28
Other liabilities 39 0
Interest received from investments 55 26
Net cash provided by (used in) operating activities 859 (233)
Cash flows from investing activities:    
Purchases of investments (5,124) (2,903)
Proceeds from sale and maturity of investments 5,104 2,425
Payments from settlements of derivative instruments (8) (2)
Changes in principal loans receivable, net (421) (607)
Investments of property and equipment (89) (137)
Net cash used in investing activities (538) (1,224)
Cash flows from financing activities:    
Proceeds from loans payable and other financial liabilities 5,977 3,324
Payments on loans payable and other financing liabilities (6,022) (3,129)
Payments of finance lease obligations (6) (4)
Common Stock repurchased (61) (39)
Net cash (used in) provided by financing activities (112) 152
Effect of exchange rate changes on cash, cash equivalents, restricted cash and cash equivalents (48) 71
Net increase (decrease) in cash, cash equivalents, restricted cash and cash equivalents 161 (1,234)
Cash, cash equivalents, restricted cash and cash equivalents, beginning of the period 3,363 3,648
Cash, cash equivalents, restricted cash and cash equivalents, end of the period $ 3,524 $ 2,414