XML 25 R7.htm IDEA: XBRL DOCUMENT v3.23.2Close
Consolidated Statement of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating Activities    
Net income $ 5,206 $ 4,906
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of customer and merchant incentives 782 812
Depreciation and amortization 383 381
(Gains) losses on equity investments, net 89 193
Share-based compensation 243 175
Deferred income taxes 24 (466)
Other 37 18
Changes in operating assets and liabilities:    
Accounts receivable (268) (257)
Settlement assets (108) 255
Prepaid expenses (1,286) (1,033)
Accrued litigation and legal settlements (20) 85
Restricted security deposits held for customers 155 (252)
Accounts payable (287) (110)
Settlement obligations 31 (239)
Accrued expenses (707) (282)
Net change in other assets and liabilities 343 53
Net cash provided by operating activities 4,617 4,239 Close
Investing Activities    
Purchases of investment securities available-for-sale (157) (124)
Purchases of investments held-to-maturity (31) (139)
Proceeds from sales of investment securities available-for-sale 45 14
Proceeds from maturities of investment securities available-for-sale 102 113
Proceeds from maturities of investments held-to-maturity 91 160
Purchases of property and equipment (190) (201)
Capitalized software (395) (280)
Purchases of equity investments (53) (43)
Proceeds from sales of equity investments 44 6
Payments to Acquire Businesses, Net of Cash Acquired 0 313
Other investing activities (71) (5)
Net cash used in investing activities (615) (812) Close
Financing Activities    
Purchases of treasury stock (5,294) (4,788)
Dividends paid (1,086) (956)
Proceeds from debt, net 1,550 843
Tax withholdings related to share-based payments (79) (136)
Cash proceeds from exercise of stock options 172 68
Other financing activities 3 (6)
Net cash used in financing activities (4,734) (4,975) Close
Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents 57 (202) Close
Net decrease in cash, cash equivalents, restricted cash and restricted cash equivalents (675) (1,750) Close
Cash, cash equivalents, restricted cash and restricted cash equivalents - beginning of period 9,196 9,902
Cash, cash equivalents, restricted cash and restricted cash equivalents - end of period $ 8,521 $ 8,152