10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
PAYPAL HOLDINGS, INC. | |||
Ticker: PYPL Fiscal Year: 2022 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 10, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Cash flows from operating activities: | |||
| Net income (loss) | $ 2,419 | 4,169 | 4,202 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Transaction and credit losses | 1,572 | 1,060 | 1,741 |
| Depreciation and amortization | 1,317 | 1,265 | 1,189 |
| Stock-based compensation | 1,261 | 1,376 | 1,376 |
| Deferred income taxes | (811) | (482) | 165 |
| Net (gains) losses on strategic investments | 304 | (46) | (1,914) |
| Other | 205 | 100 | 47 |
| Changes in assets and liabilities: | |||
| Accounts receivable | (163) | (222) | (100) |
| Transaction loss allowance for cash losses, net | (1,230) | (1,178) | (1,120) |
| Other current assets and non-current assets | 118 | (486) | (171) |
| Accounts payable | (35) | (31) | (4) |
| Income taxes payable | 373 | 73 | (230) |
| Other current liabilities and non-current liabilities | 483 | 199 | 1,038 |
| Net cash provided by operating activities | 5,813 | 5,797 | 6,219 |
| Cash flows from investing activities: | |||
| Purchases of property and equipment | (706) | (908) | (866) |
| Proceeds from sales of property and equipment | 5 | 5 | 120 |
| Purchases and originations of loans receivable | (28,170) | (13,420) | (6,098) |
| Principal repayment of loans receivable | 24,903 | 11,826 | 6,392 |
| Purchases of investments | (20,219) | (40,116) | (41,513) |
| Maturities and sales of investments | 23,411 | 39,698 | 30,908 |
| Acquisitions, net of cash and restricted cash acquired | 0 | (2,763) | (3,609) |
| Funds receivable | (2,813) | 193 | (1,552) |
| Collateral posted related to derivative instruments, net | (19) | 336 | (327) |
| Other investing activities | 187 | 0 | 0 |
| Net cash used in investing activities | (3,421) | (5,149) | (16,545) |
| Cash flows from financing activities: | |||
| Proceeds from issuance of common stock | 143 | 162 | 137 |
| Purchases of treasury stock | (4,199) | (3,373) | (1,635) |
| Tax withholdings related to net share settlements of equity awards | (336) | (1,036) | (521) |
| Borrowings under financing arrangements | 3,475 | 272 | 6,966 |
| Repayments under financing arrangements | (1,686) | (361) | (3,000) |
| Funds payable and amounts due to customers | 1,498 | 3,572 | 10,597 |
| Collateral received related to derivative instruments, net | (6) | 207 | (38) |
| Other financing activities | 1 | 0 | (52) |
| Net cash (used in) provided by financing activities | (1,110) | (557) | 12,454 |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | (155) | (102) | 169 |
| Net change in cash, cash equivalents, and restricted cash | 1,127 | (11) | 2,297 |
| Cash, cash equivalents, and restricted cash at beginning of period | 18,029 | 18,040 | |
| Cash, cash equivalents, and restricted cash at end of period | 19,156 | 18,029 | 18,040 |
| Supplemental cash flow disclosures: | |||
| Cash paid for interest | 280 | 231 | 190 |
| Cash paid for income taxes, net | 878 | 474 | 565 |
| The table below reconciles cash, cash equivalents, and restricted cash as reported in the consolidated balance sheets to the total of the same amounts shown in the consolidated statements of cash flows: | |||
| Cash and cash equivalents | 7,776 | 5,197 | 4,794 |
| Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows | 19,156 | 18,029 | 18,040 |
| Restricted Cash and Cash Equivalents | |||
| Short-term and long-term investments | |||
| Restricted cash and cash equivalents | 17 | 109 | 24 |
| Funds receivable and customer accounts | |||
| Restricted cash and cash equivalents | 11,363 | 12,723 | 13,222 |
| External Links | |
| PAYPAL HOLDINGS, INC. (PYPL) Fiscal Year 2022 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |