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Interim Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operations:    
Net income $ 1,017 $ 875
Adjustments to reconcile net income to net cash provided by operating activities:    
Foreign currency losses, net 95 123
Depreciation and amortization 371 308
Accrued interest and financial income (325) (173)
Non cash interest expense and amortization of debt issuance costs and other charges 173 45
Provision for doubtful accounts 1,293 824
Provision for contingencies 51 37
Results on derivative instruments 52 (18)
Results on digital assets at fair value (4) (12)
Long term retention program (“LTRP”) accrued compensation 188 127
Deferred income taxes (154) (191)
Changes in assets and liabilities:    
Accounts receivable (60) (63)
Credit card receivables and other means of payments (997) (965)
Inventories (100) (45)
Other assets (243) (205)
Payables and accrued expenses 423 484
Funds payable to customers 1,636 1,466
Amounts payable due to credit and debit card transactions 415 580
Other liabilities (103) 59
Interest received from investments 220 138
Net cash provided by operating activities 3,948 3,394
Cash flows from investing activities:    
Purchases of investments (6,449) (8,718)
Proceeds from sale and maturity of investments 6,803 7,494
Receipts from settlements of derivative instruments 2 0
Payments from settlements of derivative instruments (8) (5)
Changes in loans receivable, net (2,856) (1,990)
Investments in property and equipment, intangible assets and intangible assets at fair value (559) (332)
Cash flows from financing activities: (3,067) (3,551)
Cash flows from financing activities:    
Proceeds from loans payable and other financial liabilities 18,725 7,323
Payments on loans payable and other financing liabilities (17,621) (6,820)
Payments of finance lease liabilities (26) (26)
Common Stock repurchased 0 (1)
Net cash provided by financing activities 1,078 476
Effect of exchange rate changes on cash, cash equivalents, restricted cash and cash equivalents 230 (344)
Net increase (decrease) in cash, cash equivalents, restricted cash and cash equivalents 2,189 (25)
Cash, cash equivalents, restricted cash and cash equivalents, beginning of the period 4,699 3,848
Cash, cash equivalents, restricted cash and cash equivalents, end of the period 6,888 3,823
Non-cash transactions:    
Right-of-use assets obtained under operating leases 568 21
Property and equipment obtained under finance leases 2 8
Investments in intangible assets not paid $ 23 $ 0