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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net income $ 2,648 $ 4,792 $ 1,893
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 65 44 81
Stock-based compensation expense 1,407 1,120 930
Deferred income taxes 433 (2,875) (1)
Impairment of long-lived assets 0 0 91
Other, net 32 83 117
Changes in operating assets and liabilities, net of acquisitions:      
Prepaids and other assets (163) (102) (185)
Accrued expenses and other liabilities (104) 580 224
Unearned fees 200 242 280
Net cash provided by operating activities 4,518 3,884 3,430
Cash flows from investing activities:      
Purchases of short-term investments (3,146) (3,308) (4,072)
Sales and maturities of short-term investments 2,605 2,380 4,071
Other investing activities, net (75) (114) (27)
Net cash used in investing activities (616) (1,042) (28)
Cash flows from financing activities:      
Taxes paid related to tax on equity awards (630) (1,224) (607)
Proceeds from exercise of equity awards and employee stock purchase plan 168 110 88
Share repurchases (3,430) (2,252) (1,500)
Change in funds payable and amounts payable to customers 320 936 1,330
Net cash used in financing activities (3,572) (2,430) (689)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (237) 152 (337)
Net increase in cash, cash equivalents, and restricted cash 93 564 2,376
Cash, cash equivalents, and restricted cash, beginning of year 12,667 12,103 9,727
Cash, cash equivalents, and restricted cash, end of year $ 12,760 $ 12,667 $ 12,103