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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating Activities      
Net income $ 11,195 $ 9,930 $ 8,687
Adjustments to reconcile net income to net cash provided by operating activities:      
Amortization of customer incentives 1,622 1,586 1,371
Depreciation and amortization 799 750 726
(Gains) losses on equity investments, net 61 145 (645)
Share-based compensation 460 295 273
Deferred income taxes (236) (651) (69)
Other 22 44 36
Changes in operating assets and liabilities:      
Accounts receivable (546) (481) (397)
Income taxes receivable (171) 12 (87)
Settlement assets 40 48 390
Prepaid expenses (2,438) (2,175) (2,087)
Accrued litigation and legal settlements (375) 240 (1)
Restricted security deposits held for customers 277 (305) 177
Accounts payable (99) 190 100
Settlement obligations 282 201 (568)
Accrued expenses 571 1,188 1,355
Long-term taxes payable (129) (121) (52)
Net change in other assets and liabilities 645 299 254
Net cash provided by operating activities 11,980 11,195 9,463 Close
Investing Activities      
Purchases of investment securities available-for-sale (300) (267) (389)
Purchases of investments held-to-maturity (347) (239) (294)
Proceeds from sales of investment securities available-for-sale 87 54 83
Proceeds from maturities of investment securities available-for-sale 191 211 291
Proceeds from maturities of investments held-to-maturity 157 265 296
Purchases of property and equipment (371) (442) (407)
Capitalized software (717) (655) (407)
Purchases of equity investments (89) (88) (228)
Proceeds from sales of equity investments 44 7 186
Acquisition of businesses, net of cash acquired 0 (313) (4,436)
Other investing activities (6) (3) 33
Net cash used in investing activities (1,351) (1,470) (5,272) Close
Financing Activities      
Purchases of treasury stock (9,032) (8,753) (5,904)
Dividends paid (2,158) (1,903) (1,741)
Proceeds from debt, net 1,554 1,123 2,024
Payment of debt 0 (724) (650)
Acquisition of redeemable non-controlling interests 0 (4) 0
Acquisition of non-controlling interest 0 0 (133)
Contingent consideration paid 0 0 (64)
Tax withholdings related to share-based payments (89) (141) (133)
Cash proceeds from exercise of stock options 237 90 61
Other financing activities 0 (16) (15)
Net cash used in financing activities (9,488) (10,328) (6,555) Close
Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents 128 (103) (153) Close
Net (decrease) increase in cash, cash equivalents, restricted cash and restricted cash equivalents 1,269 (706) (2,517) Close
Cash, cash equivalents, restricted cash and restricted cash equivalents - beginning of period 9,196 9,902 12,419
Cash, cash equivalents, restricted cash and restricted cash equivalents - end of period $ 10,465 $ 9,196 $ 9,902