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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 5,717 $ 4,794
Short-term investments 7,369 8,289
Accounts receivable, net 674 577
Loans and interest receivable, net of allowances of $744 and $838 as of March 31, 2021 and December 31, 2020, respectively 2,731 2,769
Funds receivable and customer accounts 35,623 33,418
Prepaid expenses and other current assets 1,318 1,148
Total current assets 53,432 50,995
Long-term investments 5,994 6,089
Property and equipment, net 1,806 1,807
Goodwill 9,117 9,135
Intangible assets, net 938 1,048
Other assets 1,230 1,305
Total assets 72,517 70,379
Current liabilities:    
Accounts payable 191 252
Funds payable and amounts due to customers 38,323 35,418
Accrued expenses and other current liabilities 2,731 2,648
Income taxes payable 95 129
Total current liabilities 41,340 38,447
Deferred tax liability and other long-term liabilities 2,794 2,930
Long-term debt 8,942 8,939
Total liabilities 53,076 50,316
Commitments and contingencies (Note 13)
Equity:    
Common stock, $0.0001 par value; 4,000 shares authorized; 1,174 and 1,172 shares outstanding as of March 31, 2021 and December 31, 2020, respectively 0 0
Preferred stock, $0.0001 par value; 100 shares authorized, unissued 0 0
Treasury stock at cost, 122 and 117 shares as of March 31, 2021 and December 31, 2020, respectively (9,830) (8,507)
Additional paid-in-capital 16,161 16,644
Retained earnings 13,463 12,366
Accumulated other comprehensive income (loss) (353) (484)
Total PayPal stockholders’ equity 19,441 20,019
Noncontrolling interest 0 44
Total equity 19,441 20,063
Total liabilities and equity $ 72,517 $ 70,379