| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 | Dec'16 | Sep'16 | Jun'16 | Mar'16 | Dec'15 | Sep'15 | Jun'15 | Mar'15 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||||||||||||
Net income | ||||||||||||||||||||
84 | 507 | 462 | 823 | 667 | 584 | 436 | 526 | 511 | 620 | 380 | 411 | 384 | 390 | 323 | 323 | 365 | 367 | 301 | 305 | 255 |
Adjustments: | ||||||||||||||||||||
Transaction and credit losses | ||||||||||||||||||||
591 | - | - | - | 341 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Transaction and loan losses | ||||||||||||||||||||
- | - | - | - | - | 340 | 295 | 334 | 305 | 40 | 363 | 308 | 300 | - | 271 | 255 | 255 | - | 201 | 185 | 178 |
Depreciation and amortization | ||||||||||||||||||||
293 | 227 | 227 | 228 | 230 | 223 | 188 | 180 | 185 | 227 | 194 | 201 | 183 | 189 | 185 | 176 | 174 | 164 | 153 | 150 | 141 |
Stock-based compensation | ||||||||||||||||||||
283 | 285 | 266 | 223 | 247 | 230 | 213 | 205 | 205 | 219 | 193 | 176 | 145 | 125 | 107 | 111 | 95 | 90 | 94 | 83 | 79 |
Deferred income taxes | ||||||||||||||||||||
-79 | -147 | -157 | -39 | 74 | -137 | -123 | -2 | 91 | -1,312 | -89 | 49 | 53 | -19 | -17 | 66 | 22 | 40 | -5 | 43 | 49 |
Excess tax benefits from stock-based compensation | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | 4 | 4 | 31 | 1 | 2 | 8 | 8 | 8 |
Gain on sale of principal loans receivable held for sale, net | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 6 | 6 | - | 5 | 6 | 6 | 5 | 5 | 30 | 0 |
Cost basis adjustments to loans and interest receivable held for sale | ||||||||||||||||||||
- | - | - | - | - | 0 | 0 | 116 | 128 | 92 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Unrealized losses (gains) on strategic investments | ||||||||||||||||||||
-151 | 37 | -228 | 218 | 180 | 55 | 0 | 31 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Other | ||||||||||||||||||||
32 | 20 | 38 | 48 | 44 | 38 | 38 | 5 | 5 | - | - | - | - | - | - | - | - | - | - | - | - |
Changes in assets and liabilities: | ||||||||||||||||||||
Accounts receivable | ||||||||||||||||||||
-77 | 17 | 37 | -30 | 96 | -74 | 134 | 24 | -25 | -17 | 43 | -2 | -36 | 27 | 20 | 8 | 22 | -76 | 85 | 25 | -12 |
Receivable from eBay | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | -79 | -80 | 38 |
Changes in loans and interest receivable held for sale, net | ||||||||||||||||||||
0 | 0 | 0 | 0 | -4 | 0 | -3,675 | 977 | 1,291 | 1,324 | -4 | -6 | -6 | -7 | -5 | -6 | -6 | -5 | -5 | -4 | 0 |
Accounts payable | ||||||||||||||||||||
-21 | 55 | -2 | -46 | -3 | 21 | 22 | 18 | -35 | 58 | 0 | 5 | -1 | -17 | 6 | 9 | 13 | 10 | -36 | 25 | 13 |
Payable to eBay | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | -96 | -8 | -113 |
Income taxes payable | ||||||||||||||||||||
51 | - | -26 | -21 | 14 | - | -7 | -14 | 0 | - | 3 | 4 | 17 | - | 14 | 42 | -5 | - | 40 | -7 | 42 |
Other assets and liabilities | ||||||||||||||||||||
-106 | - | 167 | 76 | 227 | - | -143 | 298 | 468 | - | -5 | 235 | 366 | - | 64 | 247 | 158 | - | -14 | 175 | 66 |
Net cash provided by operating activities | ||||||||||||||||||||
1,504 | 1,264 | 1,096 | 1,174 | 1,027 | 1,134 | 4,670 | 28 | -349 | -147 | 1,006 | 921 | 751 | 923 | 801 | 696 | 738 | 728 | 652 | 622 | 544 |
Cash flows from investing activities: | ||||||||||||||||||||
Purchases of property and equipment | ||||||||||||||||||||
206 | 174 | 173 | 139 | 218 | 224 | 223 | 198 | 178 | 180 | 165 | 174 | 148 | 152 | 183 | 201 | 133 | 164 | 133 | 231 | 194 |
Proceeds from sales of property and equipment | ||||||||||||||||||||
119 | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Changes in principal loans receivable, net | ||||||||||||||||||||
386 | 520 | 379 | 375 | 357 | 452 | -2,573 | -262 | -738 | -234 | 527 | 491 | 136 | 639 | 408 | 356 | 120 | 673 | 554 | -427 | 19 |
Purchases of investments | ||||||||||||||||||||
3,593 | 8,073 | 6,617 | 5,053 | 8,138 | 6,740 | 5,025 | 5,341 | 5,275 | 5,191 | 2,271 | 4,847 | 7,109 | 4,057 | 6,775 | 6,118 | 4,091 | 4,373 | 6,001 | 8,891 | 2,361 |
Maturities and sales of investments | ||||||||||||||||||||
5,511 | 7,488 | 6,853 | 4,509 | 6,028 | 5,951 | 6,278 | 5,378 | 4,291 | 5,419 | 3,493 | 3,953 | 5,583 | 3,815 | 5,279 | 5,139 | 4,196 | 5,145 | 5,362 | 3,071 | 2,570 |
Payments to Acquire Businesses, Net of Cash Acquired | ||||||||||||||||||||
3,612 | 70 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 19 | 942 | 10 | 273 | 0 |
Funds receivable | ||||||||||||||||||||
401 | -950 | -922 | 39 | 2,175 | -1,573 | 1,329 | -473 | -429 | 1,144 | 858 | 170 | -567 | 1,701 | -398 | 270 | -492 | 709 | 475 | -1,316 | 527 |
Notes payable and receivable from eBay | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 631 | -56 |
Net cash used in investing activities | ||||||||||||||||||||
-2,568 | -399 | 623 | -1,097 | -4,860 | 123 | 154 | 558 | 5 | -862 | -651 | -1,729 | -1,243 | -2,734 | -1,689 | -1,806 | 325 | -1,716 | -1,796 | -3,939 | -587 |
Cash flows from financing activities: | ||||||||||||||||||||
Proceeds from issuance of common stock | ||||||||||||||||||||
1 | 60 | 4 | 67 | 7 | 61 | 5 | 65 | 13 | 44 | 14 | 74 | 12 | 51 | 1 | 51 | 6 | 39 | 36 | 0 | 0 |
Purchases of treasury stock | ||||||||||||||||||||
800 | 300 | 344 | 0 | 756 | 575 | 600 | 500 | 1,825 | 300 | 100 | 89 | 517 | 50 | 49 | 300 | 596 | 0 | 0 | 0 | 0 |
Excess tax benefits from stock-based compensation | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | 4 | 4 | 31 | 1 | 2 | 8 | 8 | 8 |
Contribution from eBay | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 29 | 3,812 | 17 |
Tax withholdings related to net share settlements of equity awards | ||||||||||||||||||||
402 | 31 | 24 | 140 | 309 | 27 | 20 | 37 | 335 | 26 | 16 | 23 | 101 | 23 | 1 | 79 | 15 | 11 | 7 | 0 | 0 |
Borrowings under financing arrangements | ||||||||||||||||||||
3,000 | 0 | 4,971 | 500 | 0 | 0 | 0 | 0 | 2,075 | 1,000 | 806 | -6 | 0 | 21 | 0 | 0 | -21 | 15 | -4 | -754 | -119 |
Funds payable and amounts due to customers | ||||||||||||||||||||
457 | -1,877 | -753 | 569 | 2,560 | -2,745 | 1,689 | 213 | 865 | -2,553 | 915 | 1,086 | 552 | 1,161 | 283 | 841 | 738 | 459 | 416 | 441 | 333 |
Other financing activities | ||||||||||||||||||||
-15 | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net cash provided by financing activities | ||||||||||||||||||||
2,241 | -149 | 1,339 | 996 | 1,502 | -1,769 | 1,049 | -1,335 | 793 | 1,657 | 1,439 | 1,042 | -54 | 1,143 | 238 | 544 | 113 | 504 | 478 | 3,507 | 239 |
Effect of exchange rate changes on cash, cash equivalents, and restricted cash | ||||||||||||||||||||
-178 | 43 | -48 | -2 | 1 | -24 | -26 | -56 | -7 | 1 | 12 | 12 | 11 | -16 | 1 | 1 | 14 | -3 | -16 | 7 | -32 |
Net change in cash, cash equivalents, and restricted cash | ||||||||||||||||||||
999 | 759 | 3,010 | 1,071 | -2,330 | -536 | 5,847 | -805 | 442 | 649 | 1,806 | 246 | -535 | -684 | -649 | -565 | 1,190 | -487 | -682 | 197 | 164 |
Supplemental cash flow disclosures: | ||||||||||||||||||||
Cash paid for interest | ||||||||||||||||||||
11 | 2 | 31 | 25 | 20 | 22 | 21 | 18 | 8 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 5 | 7 |
Cash paid for income taxes, net | ||||||||||||||||||||
30 | 445 | 44 | 154 | 22 | 100 | 48 | 186 | -6 | 29 | 15 | 25 | 48 | 5 | 7 | 12 | 24 | 160 | 25 | 26 | 5 |