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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
OPERATING ACTIVITIES:      
Net income $ 4,289 $ 3,058 $ 1,165
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 504 451 421
Provision for expected credit losses and chargebacks 330 232 109
Deferred income tax benefit (478) (257) (445)
Net losses on equity securities 131 963 569
Stock-based compensation expense and other stock-based payments 530 404 376
Operating lease amortization 161 156 178
Unrealized foreign currency transaction losses (gains) related to Euro-denominated debt 163 (46) (135)
Loss on early extinguishment of debt 0 0 242
Gain on sale and leaseback transaction 0 (240) 0
Other 5 38 71
Changes in assets and liabilities, net of effects of acquisitions:      
Accounts receivable (1,330) (1,228) (1,002)
Prepaid expenses and other current assets 155 (217) 6
Deferred merchant bookings and other current liabilities 2,742 3,718 1,539
Long-term assets and liabilities 142 (478) (274)
Net cash provided by operating activities 7,344 6,554 2,820 Close
INVESTING ACTIVITIES:      
Purchase of investments (12) (768) (17)
Proceeds from sale and maturity of investments 1,840 32 508
Additions to property and equipment (345) (368) (304)
Acquisitions, net of cash acquired 0 0 (1,185)
Proceeds from sale and leaseback transaction 0 601 0
Other investing activities 3 (15) 0
Net cash provided by (used in) investing activities 1,486 (518) (998) Close
FINANCING ACTIVITIES:      
Proceeds from the issuance of long-term debt 1,893 3,621 2,015
Payments on maturity and redemption of debt (500) (1,880) (3,068)
Payments for repurchase of common stock (10,377) (6,621) (163)
Proceeds from exercise of stock options 134 7 5
Other financing activities (59) (24) (28)
Net cash used in financing activities (8,909) (4,897) (1,239) Close
Effect of exchange rate changes on cash and cash equivalents and restricted cash and cash equivalents (37) (40) (13) Close
Net (decrease) increase in cash and cash equivalents and restricted cash and cash equivalents (116) 1,099 570 Close
Total cash and cash equivalents and restricted cash and cash equivalents, beginning of period 12,251 11,152 10,582
Total cash and cash equivalents and restricted cash and cash equivalents, end of period 12,135 12,251 11,152
SUPPLEMENTAL CASH FLOW INFORMATION:      
Cash paid during the period for income taxes 1,789 600 735
Cash paid during the period for interest $ 842 $ 380 $ 318