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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operations:      
Net income $ 1,911 $ 987 [1] $ 482 [1]
Adjustments to reconcile net income to net cash provided by operating activities:      
Equity in earnings of unconsolidated entity 0 (3) [1] 0 [1]
Unrealized foreign currency losses, net 286 487 411
Impairment of digital assets 0 0 12
Depreciation and amortization 617 524 403
Accrued interest and financial income (415) (311) (166)
Non cash interest expense and amortization of debt issuance costs and other charges 114 113 122
Provision for doubtful accounts 1,858 1,050 [1] 1,073 [1]
Provision for contingencies 176 335 16
Results on derivative instruments (42) 39 66
Results on digital assets at fair value (25) (14) 0
Long term retention program (“LTRP”) accrued compensation 261 167 84
Deferred income taxes (243) (284) (97)
Changes in assets and liabilities:      
Accounts receivable (157) (92) (71)
Credit card receivables and other means of payments (2,530) (1,321) (1,084)
Inventories (113) (69) 114
Other assets (308) (55) (87)
Payables and accrued expenses 1,595 1,225 449
Funds payable to customers 3,605 1,502 1,044
Amounts payable due to credit and debit card transactions 1,213 693 128
Other liabilities (114) (88) (82)
Interest received from investments 229 255 123
Net cash provided by operating activities 7,918 5,140 2,940
Cash flows from investing activities:      
Purchases of investments (16,710) (18,936) (12,694)
Proceeds from sale and maturity of investments 13,962 18,100 11,023
Payments for acquired businesses, net of cash acquired (6) 0 0
Receipts from settlements of derivative instruments 29 0 1
Payments from settlements of derivative instruments (14) (58) (45)
Changes in loans receivable, net (4,688) (2,047) (1,701)
Investments of property and equipment and intangibles assets (860) (509) (455)
Net cash used in investing activities (8,287) (3,450) (3,871)
Cash flows from financing activities:      
Proceeds from loans payable and other financial liabilities 19,472 24,963 17,017
Payments on loans payable and other financing liabilities (17,461) (24,841) (15,933)
Payments of finance lease liabilities (51) (33) (20)
Common Stock repurchased (1) (356) (148)
Net cash provided by (used in) financing activities 1,959 (267) 916
Effect of exchange rate changes on cash, cash equivalents, restricted cash and cash equivalents (739) (938) (270)
Net increase (decrease) in cash, cash equivalents, restricted cash and cash equivalents 851 485 (285)
Cash, cash equivalents, restricted cash and cash equivalents, beginning of the year 3,848 3,363 3,648
Cash, cash equivalents, restricted cash and cash equivalents, end of the year 4,699 3,848 3,363
Supplemental cash flow information:      
Cash paid for interest 456 608 247
Cash paid for income tax 1,052 651 437
Non-cash financing activities:      
Finance lease liabilities 52 99 18
Non-cash transactions:      
Right-of-use assets obtained under operating leases 516 314 317
Property and equipment obtained under finance leases 52 99 18
Contingent considerations and escrows from acquired business 4 0 0
Convertible Senior Notes Due 2028      
Non-cash financing activities:      
Convertible Senior Notes Due 2028 $ 0 $ 437 $ 0
[1] Recast for consistency with the current presentation due to the change in the presentation of certain financial results. Please refer to Note 2 – Summary of significant accounting policies - Change in the presentation of certain financial results and reclassification of prior years results to our audited consolidated financial statements for further details.