| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 |
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net income | ||||||
2,459 | 2,057 | 1,795 | 1,401 | 1,228 | 419 | 955 |
Provision for Loan, Lease, and Other Losses | ||||||
- | - | - | 1,088 | 809 | 646 | 502 |
Adjustments: | ||||||
Transaction and loan losses | ||||||
1,380 | 1,274 | 1,011 | - | - | - | - |
Depreciation and amortization | ||||||
912 | 776 | 805 | 724 | 608 | 516 | 453 |
Stock-based compensation | ||||||
1,021 | 853 | 733 | 438 | 346 | 299 | 253 |
Deferred income taxes | ||||||
-269 | -171 | -1,299 | 52 | 127 | 680 | 52 |
Excess tax benefits from stock-based compensation | ||||||
- | - | - | 40 | 26 | 41 | 76 |
Gain on sale of principal loans receivable held for sale, net | ||||||
- | - | - | - | 40 | 0 | 0 |
Cost basis adjustments to loans and interest receivable held for sale | ||||||
0 | 244 | 92 | 0 | 0 | - | - |
Unrealized losses (gains) on strategic investments | ||||||
207 | 86 | 0 | - | - | - | - |
Other | ||||||
150 | 86 | 25 | 24 | - | - | - |
Changes in assets and liabilities: | ||||||
Accounts receivable | ||||||
120 | 59 | -12 | 77 | 22 | 13 | -1 |
Receivable from eBay | ||||||
- | - | - | - | -121 | 24 | -79 |
Changes in loans and interest receivable held for sale, net | ||||||
-4 | -1,407 | 1,308 | -24 | -14 | 0 | 0 |
Transaction loss allowance for cash losses, net | ||||||
1,079 | 1,046 | 817 | 643 | 493 | 414 | 304 |
Funds receivable | ||||||
9 | 19 | 0 | - | - | - | - |
Other current assets and non-current assets | ||||||
566 | 93 | 188 | 145 | 384 | 38 | 62 |
Accounts payable | ||||||
4 | 26 | 62 | 11 | 12 | 42 | -13 |
Payable to eBay | ||||||
- | - | - | - | -217 | -2 | 43 |
Income taxes payable | ||||||
-40 | -44 | 19 | 69 | 40 | 37 | 41 |
Other current liabilities and non-current liabilities | ||||||
722 | 428 | 1,639 | 280 | 423 | 113 | 69 |
Net cash provided by operating activities | ||||||
4,561 | 5,483 | 2,531 | 3,158 | 2,546 | 2,220 | 1,993 |
Cash flows from investing activities: | ||||||
Purchases of property and equipment | ||||||
704 | 823 | 667 | 669 | 722 | 492 | 391 |
Proceeds from sales of property and equipment | ||||||
17 | 3 | 0 | 0 | 26 | 0 | 0 |
Changes in principal loans receivable, net | ||||||
1,631 | -3,121 | 920 | 1,523 | 819 | 1,023 | 793 |
Purchases of investments | ||||||
27,881 | 22,381 | 19,418 | 21,041 | 21,626 | 8,744 | 610 |
Maturities and sales of investments | ||||||
24,878 | 21,898 | 18,448 | 18,429 | 16,148 | 7,766 | 320 |
Payments to Acquire Businesses, Net of Cash Acquired | ||||||
70 | 2,124 | 323 | 19 | 1,225 | 2 | 731 |
Funds receivable | ||||||
342 | -1,146 | 1,605 | 1,081 | 395 | 24 | - |
Notes payable and receivable from eBay | ||||||
- | - | - | - | 575 | -362 | 484 |
Net cash used in investing activities | ||||||
-5,733 | 840 | -4,485 | -5,904 | -8,038 | -2,881 | -1,721 |
Cash flows from financing activities: | ||||||
Proceeds from issuance of common stock | ||||||
138 | 144 | 144 | 109 | 75 | 0 | 0 |
Purchases of treasury stock | ||||||
1,400 | 3,500 | 1,006 | 995 | 0 | 0 | - |
Excess tax benefits from stock-based compensation | ||||||
- | - | - | 40 | 26 | 41 | 76 |
Contribution from eBay | ||||||
- | - | - | - | 3,858 | -71 | -28 |
Tax withholdings related to net share settlements of equity awards | ||||||
504 | 419 | 166 | 118 | 18 | 0 | 0 |
Borrowings under financing arrangements | ||||||
5,471 | 2,075 | 1,800 | 0 | -862 | -21 | -133 |
Funds payable and amounts due to customers | ||||||
499 | 22 | 0 | 3,023 | 1,649 | 1,335 | 1,653 |
Repayments under financing arrangements | ||||||
2,516 | 1,115 | 980 | 21 | - | - | - |
Funds payable and amounts due to customers | ||||||
2,510 | 1,573 | 4,292 | - | - | - | - |
Net cash provided by financing activities | ||||||
3,688 | -1,262 | 4,084 | 2,038 | 4,728 | 1,284 | -85 |
Effect of exchange rate changes on cash, cash equivalents, and restricted cash | ||||||
-6 | -113 | 36 | 0 | -44 | -26 | 3 |
Net change in cash, cash equivalents, and restricted cash | ||||||
2,510 | 4,948 | 2,166 | -708 | -808 | 597 | 190 |
Supplemental cash flow disclosures: | ||||||
Cash paid for interest | ||||||
78 | 69 | 6 | 4 | 16 | 19 | 14 |
Cash paid for income taxes, net | ||||||
665 | 328 | 117 | 48 | 216 | 47 | 28 |