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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net income $ 1,097 $ 84
Adjustments to reconcile net income to net cash provided by operating activities:    
Transaction and credit losses 273 591
Depreciation and amortization 300 293
Stock-based compensation 368 283
Deferred income taxes 0 (79)
Net losses on strategic investments 120 124
Other 51 (5)
Changes in assets and liabilities:    
Accounts receivable (97) 77
Accounts payable (34) (21)
Income taxes payable (33) 51
Other assets and liabilities (287) 23
Net cash provided by operating activities 1,758 1,421
Cash flows from investing activities:    
Purchases of property and equipment (221) (206)
Proceeds from sales of property and equipment 0 119
Changes in principal loans receivable, net 75 (386)
Purchases of investments (10,975) (3,593)
Maturities and sales of investments 9,718 5,511
Acquisitions, net of cash and restricted cash acquired 0 (3,612)
Funds receivable (180) (387)
Net cash used in investing activities (1,583) (2,554)
Cash flows from financing activities:    
Proceeds from issuance of common stock 2 1
Purchases of treasury stock (1,323) (800)
Tax withholdings related to net share settlements of equity awards (863) (402)
Borrowings under financing arrangements 0 3,000
Funds payable and amounts due to customers 3,011 526
Other financing activities 0 (15)
Net cash provided by financing activities 827 2,310
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (42) (178)
Net change in cash, cash equivalents, and restricted cash 960 999
Cash, cash equivalents, and restricted cash at beginning of period 18,040 15,743
Cash, cash equivalents, and restricted cash at end of period 19,000 16,742
Supplemental cash flow disclosures:    
Cash paid for interest 12 11
Cash paid for income taxes, net 87 30
The below table reconciles cash, cash equivalents, and restricted cash as reported in the condensed consolidated balance sheets to the total of the same amounts shown in the condensed consolidated statements of cash flows:    
Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statements of cash flows $ 19,000 $ 16,742