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: 2016 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 8, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Cash flows from operating activities: | |||
| Net income | $ 1,401 | 1,228 | 419 |
| Adjustments: | |||
| Transaction and loan losses | 1,088 | 809 | 646 |
| Depreciation and amortization | 724 | 608 | 516 |
| Stock-based compensation | 438 | 346 | 299 |
| Deferred income taxes | 52 | 127 | 680 |
| Excess tax benefits from stock-based compensation | (40) | (26) | (41) |
| Gain on sale of principal loans receivable held for sale, net | (24) | (40) | 0 |
| Changes in assets and liabilities: | |||
| Accounts receivable | (77) | (22) | (13) |
| Receivable from eBay | 0 | 121 | (24) |
| Principal loans receivable held for sale, net | 24 | 14 | 0 |
| Transaction loss allowance for cash losses, net | (643) | (493) | (414) |
| Other current assets and non-current assets | (145) | (384) | (38) |
| Accounts payable | 11 | 12 | 42 |
| Payable to eBay | 0 | (217) | (2) |
| Income taxes payable | 69 | 40 | 37 |
| Other current liabilities and non-current liabilities | 280 | 423 | 113 |
| Net cash provided by operating activities | 3,158 | 2,546 | 2,220 |
| Cash flows from investing activities: | |||
| Purchases of property and equipment | (669) | (722) | (492) |
| Proceeds from sales of property and equipment | 0 | 26 | 0 |
| Changes in principal loans receivable, net | (1,523) | (819) | (1,023) |
| Purchases of investments | (21,041) | (21,626) | (8,744) |
| Maturities and sales of investments | 18,429 | 16,148 | 7,766 |
| Acquisitions, net of cash acquired | (19) | (1,225) | (2) |
| Funds receivable and customer accounts | (176) | (395) | (24) |
| Notes payable and receivable from eBay | 0 | 575 | (362) |
| Net cash used in investing activities | (4,999) | (8,038) | (2,881) |
| Cash flows from financing activities: | |||
| Proceeds from issuance of common stock | 109 | 75 | 0 |
| Purchases of treasury stock | (995) | 0 | 0 |
| Excess tax benefits from stock-based compensation | 40 | 26 | 41 |
| Contribution from (to) eBay | 0 | 3,858 | (71) |
| Tax withholdings related to net share settlements of restricted stock units and restricted stock awards | (118) | (18) | 0 |
| Borrowings (repayments) under financing arrangements | (21) | (862) | (21) |
| Funds payable and amounts due to customers | 3,023 | 1,649 | 1,335 |
| Net cash provided by financing activities | 2,038 | 4,728 | 1,284 |
| Effect of exchange rate changes on cash and cash equivalents | 0 | (44) | (26) |
| Net increase (decrease) in cash and cash equivalents | 197 | (808) | 597 |
| Cash and cash equivalents at beginning of period | 1,393 | 2,201 | |
| Cash and cash equivalents at end of period | 1,590 | 1,393 | 2,201 |
| Supplemental cash flow disclosures: | |||
| Cash paid for interest | 4 | 16 | 19 |
| Cash paid for income taxes | 48 | 216 | 47 |
| External Links | |
| PAYPAL HOLDINGS, INC. (PYPL) Fiscal Year 2016 | |
| 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 |