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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operations:      
Net income $ 987 $ 482 $ 83
Adjustments to reconcile net income to net cash provided by operating activities:      
Equity in earnings of unconsolidated entity (3) 0 9
Unrealized foreign currency losses, net 487 411 91
Impairment of digital assets 0 12 9
Depreciation and amortization 524 403 204
Accrued interest income (311) (166) (36)
Non cash interest expense and amortization of debt issuance costs and other charges 124 138 76
Provision for doubtful accounts 1,050 1,073 435
Brazilian withholding income tax contingency 324 0 0
Results on derivative instruments 39 66 0
Results on digital assets at fair value (14) 0 0
Long term retention program (“LTRP”) accrued compensation 167 84 89
Deferred income taxes (284) (97) (29)
Changes in assets and liabilities:      
Accounts receivable (92) (71) (26)
Credit card receivables and other means of payments (1,321) (1,084) (1,063)
Inventories (69) 114 (142)
Other assets (55) (87) (188)
Payables and accrued expenses 1,225 449 380
Funds payable to customers 1,502 1,044 808
Amounts payable due to credit and debit card transactions 693 128 309
Other liabilities (88) (82) (79)
Interest received from investments 255 123 35
Net cash provided by operating activities 5,140 2,940 965
Cash flows from investing activities:      
Purchases of investments (18,936) (12,694) (7,371)
Proceeds from sale and maturity of investments 18,100 11,023 7,801
Payments for acquired businesses, net of cash acquired 0 0 (51)
Capital contributions in joint ventures 0 0 (5)
Receipts from settlements of derivative instruments 0 1 6
Payments from settlements of derivative instruments (58) (45) (20)
Purchases of intangibles assets 0 (1) (36)
Changes in loans receivable, net (2,047) (1,701) (1,348)
Investments of property and equipment (509) (454) (573)
Net cash used in investing activities (3,450) (3,871) (1,597)
Cash flows from financing activities:      
Proceeds from loans payable and other financial liabilities 24,963 17,017 9,262
Payments on loans payable and other financing liabilities (24,841) (15,933) (6,782)
Payments of finance lease liabilities (33) (20) (17)
Common Stock repurchased (356) (148) (486)
Proceeds from issuance of common stock, net 0 0 1,520
Purchase of convertible note capped calls 0 0 (101)
Exercise of Convertible Notes 0 0 (3)
Payments on repurchase of the 2028 Notes 0 0 (1,865)
Unwind of convertible note capped calls 0 0 397
Net cash (used in) provided by financing activities (267) 916 1,925
Effect of exchange rate changes on cash, cash equivalents, restricted cash and cash equivalents (938) (270) (153)
Net increase (decrease) in cash, cash equivalents, restricted cash and cash equivalents 485 (285) 1,140
Cash, cash equivalents, restricted cash and cash equivalents, beginning of the year 3,363 3,648 2,508
Cash, cash equivalents, restricted cash and cash equivalents, end of the year 3,848 3,363 3,648
Supplemental cash flow information:      
Cash paid for interest 608 247 58
Cash paid for income tax 651 437 282
Non-cash financing activities:      
Finance lease liabilities 99 18 20
Non-cash investing activities:      
Contingent considerations and escrows from acquired business 0 0 12
Right-of-use assets obtained under operating leases 314 317 229
Right-of-use assets obtained under finance leases 99 18 37
Acquired businesses, through call option 0 0 11
Acquisition of businesses      
Cash and cash equivalents 0 0 4 [1]
Accounts receivable 0 0 6 [1]
Other current assets 0 0 18 [1]
Other non current assets 0 0 1 [1]
Fixed Assets 0 0 1 [1]
Total assets acquired 0 0 30 [1]
Accounts payable and accrued expenses 0 0 19 [1]
Other liabilities 0 0 7 [1]
Total liabilities assumed 0 0 26 [1]
Net assets acquired 0 0 4 [1]
Goodwill and deferred tax liabilities 0 0 68 [1]
Total purchase price 0 0 77 [1]
Cash and cash equivalents acquired 0 0 4 [1]
Total purchase price, net of cash acquired 0 0 73 [1]
Convertible Senior Notes Due 2028      
Non-cash financing activities:      
Convertible Senior Notes Due 2028 437 0 0
Hubs network      
Acquisition of businesses      
Intangible assets 0 0 3 [1]
Platform      
Acquisition of businesses      
Intangible assets 0 0 1 [1]
Customer lists and non-compete agreements      
Acquisition of businesses      
Intangible assets $ 0 $ 0 $ 1 [1]
[1] Related to the acquisition of a shipping company and payment services company - See Note 8 – Business combinations, goodwill, and intangible assets.