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: 2015 | |||
COMBINED AND CONSOLIDATED STATEMENT OF CASH FLOWS | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 11, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Cash flows from operating activities: | |||
| Net income | $ 1,228 | 419 | 955 |
| Adjustments: | |||
| Transaction and loan losses | 809 | 646 | 502 |
| Depreciation and amortization | 608 | 516 | 453 |
| Stock-based compensation | 346 | 299 | 253 |
| Deferred income taxes | 127 | 680 | 52 |
| Excess tax benefits from stock-based compensation | (26) | (41) | (76) |
| Gain on sale of principal loans receivable held for sale | (40) | 0 | 0 |
| Changes in assets and liabilities: | |||
| Accounts receivable | (22) | (13) | 1 |
| Receivable from eBay | 121 | (24) | 79 |
| Principal loans receivable held for sale, net | 14 | 0 | 0 |
| Transaction loss allowance for cash losses, net | (493) | (414) | (304) |
| Other current assets and non-current assets | (384) | (38) | (62) |
| Accounts payable | 12 | 42 | (13) |
| Payable to eBay | (217) | (2) | 43 |
| Income taxes payable | 40 | 37 | 41 |
| Other current liabilities and non-current liabilities | 423 | 113 | 69 |
| Net cash provided by operating activities | 2,546 | 2,220 | 1,993 |
| Cash flows from investing activities: | |||
| Purchases of property and equipment | (722) | (492) | (391) |
| Proceeds from sales of property and equipment | 26 | 0 | 0 |
| Changes in principal loans receivable, net | (819) | (1,023) | (793) |
| Purchases of investments | (7,542) | (76) | (610) |
| Maturities and sales of investments | 3,318 | 409 | 320 |
| Acquisitions, net of cash acquired | (1,225) | (2) | (731) |
| Notes and receivable from eBay | 575 | (362) | 484 |
| Net cash used in investing activities | (6,389) | (1,546) | (1,721) |
| Cash flows from financing activities: | |||
| Proceeds from issuance of common stock | 75 | 0 | 0 |
| Excess tax benefits from stock-based compensation | 26 | 41 | 76 |
| Contribution from (to) eBay | 3,858 | (71) | (28) |
| Tax withholdings related to net share settlements of restricted stock units and restricted stock awards | (18) | 0 | 0 |
| Repayments borrowings under financing arrangements | (862) | (21) | (133) |
| Funds receivable and customer accounts | (1,649) | (1,335) | (1,653) |
| Funds payable and amounts due to customers | 1,649 | 1,335 | 1,653 |
| Net cash provided by (used in) financing activities | 3,079 | (51) | (85) |
| Effect of exchange rate changes on cash and cash equivalents | (44) | (26) | 3 |
| Net increase (decrease) in cash and cash equivalents | (808) | 597 | 190 |
| Cash and cash equivalents at beginning of period | 2,201 | 1,604 | |
| Cash and cash equivalents at end of period | 1,393 | 2,201 | 1,604 |
| Supplemental cash flow disclosures: | |||
| Cash paid for interest | 16 | 19 | 14 |
| Cash paid for income taxes | 216 | 47 | 28 |
| External Links | |
| PAYPAL HOLDINGS, INC. (PYPL) Fiscal Year 2015 | |
| 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 |