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: 2017 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 7, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Cash flows from operating activities: | |||
| Net income | $ 1,795 | 1,401 | 1,228 |
| Adjustments: | |||
| Transaction and loan losses | 1,011 | 1,088 | 809 |
| Depreciation and amortization | 805 | 724 | 608 |
| Stock-based compensation | 733 | 438 | 346 |
| Deferred income taxes | (1,299) | 52 | 127 |
| Excess tax benefits from stock-based compensation | 0 | (40) | (26) |
| Gain on sale of principal loans receivable held for sale, net | (25) | (24) | (40) |
| Cost basis adjustments to loans and interest receivable held for sale | 92 | 0 | 0 |
| Changes in assets and liabilities: | |||
| Accounts receivable | 12 | (77) | (22) |
| Receivable from eBay | 0 | 0 | 121 |
| Changes in loans and interest receivable held for sale, net | (1,308) | 24 | 14 |
| Transaction loss allowance for cash losses, net | (817) | (643) | (493) |
| Other current assets and non-current assets | (188) | (145) | (384) |
| Accounts payable | 62 | 11 | 12 |
| Payable to eBay | 0 | 0 | (217) |
| Income taxes payable | 19 | 69 | 40 |
| Other current liabilities and non-current liabilities | 1,639 | 280 | 423 |
| Net cash provided by operating activities | 2,531 | 3,158 | 2,546 |
| Cash flows from investing activities: | |||
| Purchases of property and equipment | (667) | (669) | (722) |
| Proceeds from sales of property and equipment | 0 | 0 | 26 |
| Changes in principal loans receivable, net | (920) | (1,523) | (819) |
| Purchases of investments | (19,418) | (21,041) | (21,626) |
| Maturities and sales of investments | 18,450 | 18,429 | 16,148 |
| Acquisitions, net of cash acquired | (323) | (19) | (1,225) |
| Funds receivable and customer accounts | (2,480) | (176) | (395) |
| Notes payable and receivable from eBay | 0 | 0 | 575 |
| Net cash used in investing activities | (5,358) | (4,999) | (8,038) |
| Cash flows from financing activities: | |||
| Proceeds from issuance of common stock | 144 | 109 | 75 |
| Purchases of treasury stock | (1,006) | (995) | 0 |
| Excess tax benefits from stock-based compensation | 0 | 40 | 26 |
| Contribution from eBay | 0 | 0 | 3,858 |
| Tax withholdings related to net share settlements of restricted stock units and restricted stock awards | (166) | (118) | (18) |
| Borrowings under financing arrangements, net of repayments | 820 | (21) | (862) |
| Funds payable and amounts due to customers | 4,292 | 3,023 | 1,649 |
| Net cash provided by financing activities | 4,084 | 2,038 | 4,728 |
| Effect of exchange rate changes on cash and cash equivalents | 36 | 0 | (44) |
| Net increase (decrease) in cash and cash equivalents | 1,293 | 197 | (808) |
| Cash and cash equivalents at beginning of period | 1,590 | 1,393 | |
| Cash and cash equivalents at end of period | 2,883 | 1,590 | 1,393 |
| Supplemental cash flow disclosures: | |||
| Cash paid for interest | 6 | 4 | 16 |
| Cash paid for income taxes | 117 | 48 | 216 |
| External Links | |
| PAYPAL HOLDINGS, INC. (PYPL) Fiscal Year 2017 | |
| 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 |