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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating Activities    
Net income $ 8,404 $ 7,405
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of customer and merchant incentives 1,196 1,197
Depreciation and amortization 594 566
(Gains) losses on equity investments, net 95 133
Share-based compensation 374 273
Deferred income taxes (239) (589)
Other 88 40
Changes in operating assets and liabilities:    
Accounts receivable (484) (326)
Settlement assets 151 298
Prepaid expenses (1,837) (1,472)
Accrued litigation and legal settlements (621) 249
Restricted security deposits held for customers 240 (342)
Accounts payable (319) (91)
Settlement obligations (119) 146
Accrued expenses 43 638
Net change in other assets and liabilities 284 (30)
Net cash provided by operating activities 7,850 8,095 Close
Investing Activities    
Purchases of investment securities available-for-sale (244) (192)
Purchases of investments held-to-maturity (327) (174)
Proceeds from sales of investment securities available-for-sale 72 28
Proceeds from maturities of investment securities available-for-sale 155 156
Proceeds from maturities of investments held-to-maturity 116 194
Purchases of property and equipment (294) (312)
Capitalized software (525) (446)
Purchases of equity investments (61) (62)
Proceeds from sales of equity investments 44 7
Payments to Acquire Businesses, Net of Cash Acquired 0 313
Other investing activities (73) (6)
Net cash used in investing activities (1,137) (1,120) Close
Financing Activities    
Purchases of treasury stock (7,200) (6,339)
Dividends paid (1,624) (1,430)
Proceeds from debt, net 1,554 1,127
Tax withholdings related to share-based payments (81) (137)
Cash proceeds from exercise of stock options 213 77
Other financing activities 0 (12)
Net cash used in financing activities (7,138) (6,714) Close
Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents (29) (387) Close
Net decrease in cash, cash equivalents, restricted cash and restricted cash equivalents (454) (126) 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 $ 8,742 $ 9,776