← PayPal Holdings, Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TTM
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $1.4b
$1.8b +28.12%
$2.1b +14.60%
$2.5b +19.54%
$4.2b +70.88%
$4.2b -0.79%
$2.4b -41.98%
$4.2b +75.53%
$4.1b -2.33%
$5.2b +26.19%
—
Accretion of discounts on investments, net of amortization of premiums — — — — — $73.0m ($70.0m) ($367.0m) ($335.0m) ($83.0m) —
Amortization of Intangible Assets $150.0m $126.0m $149.0m $211.0m $451.0m $443.0m $471.0m $226.0m $207.0m $175.0m —
Capitalized Computer Software, Amortization — $262.0m $262.0m $298.0m $322.0m — — — — — —
Depreciation $574.0m $649.0m $627.0m $701.0m $738.0m $822.0m $846.0m $846.0m $825.0m $788.0m $788.0m
Depreciation, Depletion and Amortization $724.0m $805.0m $776.0m $912.0m $1.2b $1.3b $1.3b $1.1b $1.0b $963.0m $963.0m
Deferred Income Tax Expense (Benefit) $52.0m ($1.3b) ($171.0m) ($269.0m) $165.0m ($482.0m) ($811.0m) ($668.0m) $231.0m $217.0m $131.0m
Payment, Tax Withholding, Share-based Payment Arrangement $118.0m $166.0m $419.0m $504.0m $521.0m $1.0b $336.0m $257.0m $351.0m $383.0m —
Share-based Payment Arrangement, Expense $444.0m $744.0m $871.0m $1.1b $1.4b $1.4b $1.3b $1.5b $1.3b $1.1b $1.0b
Share-based Payment Arrangement, Noncash Expense $438.0m $733.0m $853.0m $1.0b $1.4b $1.4b $1.3b $1.5b $1.2b $1.0b $1.0b
Stock-based compensation $438.0m $733.0m $853.0m $1.0b $1.4b $1.4b $1.3b $1.5b $1.2b $1.0b $1.0b
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount — — ($5.0m) $0 $22.0m $0 $104.0m — — — —
Operating Lease, Impairment Loss — — — — $23.0m $21.0m $52.0m $40.0m $0 $5.0m —
Restructuring Costs and Asset Impairment Charges — — — — — $62.0m $207.0m — — — —
Nonoperating Income (Expense) $45.0m $73.0m $182.0m $279.0m $1.8b ($163.0m) ($471.0m) $383.0m $4.0m $227.0m —
Other Nonoperating Income (Expense) — — $91.0m ($11.0m) ($17.0m) ($34.0m) ($37.0m) $49.0m $9.0m ($11.0m) —
Changes in operating assets and liabilities:
Accounts receivable ($77.0m) $12.0m ($59.0m) ($120.0m) ($100.0m) ($222.0m) ($163.0m) ($114.0m) $85.0m $144.0m $337.0m
Increase (Decrease) in Accounts Receivable $77.0m ($12.0m) $59.0m $120.0m $100.0m $222.0m $163.0m $114.0m ($85.0m) ($144.0m) $337.0m
Accounts payable $11.0m $62.0m $26.0m $4.0m ($4.0m) ($31.0m) ($35.0m) $7.0m $83.0m $4.0m $56.0m
Increase (Decrease) in Other Operating Assets $145.0m $188.0m $112.0m $566.0m $498.0m $150.0m ($118.0m) ($203.0m) $8.0m $493.0m —
Increase (Decrease) in Other Operating Liabilities $280.0m $1.6b $450.0m $722.0m $1.0b $406.0m $483.0m ($222.0m) $413.0m $599.0m —
Other ($24.0m) ($25.0m) ($172.0m) ($150.0m) $47.0m $100.0m $205.0m ($104.0m) ($60.0m) ($6.0m) —
Other current assets and non-current assets ($145.0m) ($188.0m) ($112.0m) ($566.0m) ($498.0m) ($150.0m) $118.0m $203.0m ($8.0m) ($493.0m) —
Other current liabilities and non-current liabilities $280.0m $1.6b $450.0m $722.0m $1.0b $406.0m $483.0m ($222.0m) $413.0m $599.0m —
Net Cash Provided by (Used in) Operating Activities $3.2b
$2.5b -19.85%
$5.5b +116.63%
$4.6b -16.82%
$5.9b +28.35%
$6.3b +8.30%
$5.8b -8.31%
$4.8b -16.69%
$7.5b +53.83%
$6.4b -13.88%
$7.5b +16.51%
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $669.0m $667.0m $823.0m $704.0m $866.0m $908.0m $706.0m $623.0m $683.0m $852.0m ($889.0m)
Proceeds from sales of property and equipment $0 $0 $3.0m $17.0m $120.0m $5.0m $5.0m $45.0m $1.0m $3.0m —
Gain (Loss) on Investments — — — $208.0m $1.9b $46.0m ($304.0m) $201.0m ($285.0m) $162.0m $72.0m
Maturities and sales of investments $18.4b $18.4b $21.9b $24.9b $30.9b $39.7b $23.4b $24.3b $27.0b $22.9b —
Net (gains) losses on strategic investments — — ($87.0m) ($208.0m) ($1.9b) ($46.0m) $304.0m ($201.0m) $285.0m ($162.0m) —
Payments to Acquire Investments $21.0b $19.4b $22.4b $27.9b $41.5b $40.1b — — $26.2b $20.4b ($21.8b)
Purchases of investments ($21.0b) ($19.4b) ($22.4b) ($27.9b) ($41.5b) ($40.1b) ($20.2b) ($22.0b) ($26.2b) ($20.4b) —
Unrealized Gain (Loss) on Investments — — — $207.0m — — — — — — ($548.0m)
Gain on divestiture of business, excluding transaction costs — — — — — $0 $0 ($356.0m) $0 $0 —
Payments to Acquire Businesses, Net of Cash Acquired $19.0m $323.0m $2.1b $70.0m $3.6b $2.8b $0 $0 — — $0
Proceeds from divestiture of business, net of cash divested — — — — — $0 $0 $466.0m $0 $0 —
Payments for (Proceeds from) Other Investing Activities — — — — — — ($187.0m) ($86.0m) ($159.0m) $21.0m —
Net Cash Provided by (Used in) Investing Activities ($5.0b) ($5.4b) $840.0m ($5.7b) ($16.2b) ($5.5b) ($3.4b) $752.0m $1.6b $797.0m ($511.0m)
Cash flows from financing activities:
Borrowings from repurchase agreements — — — — — — $0 $0 $656.0m $2.9b —
Borrowings under financing arrangements ($21.0m) $1.8b $2.1b $5.5b $7.0b $272.0m $3.5b $1.5b $1.5b $2.6b —
Payments for Repurchase of Common Stock $995.0m $1.0b $3.5b $1.4b $1.6b $3.4b $4.2b $5.0b $6.0b $6.1b —
Proceeds from Issuance of Common Stock $109.0m $144.0m $144.0m $138.0m $137.0m $162.0m $143.0m $127.0m $95.0m $117.0m $103.0m
Dividends paid — — — — — — — — — $130.0m ($382.0m)
Payments of Dividends — — — — — — — — — $130.0m ($382.0m)
Payments of dividends to stockholders — — — — — — — $0 $0 ($130.0m) ($382.0m)
Tax withholdings related to net share settlements of equity awards ($118.0m) ($166.0m) ($419.0m) ($504.0m) ($521.0m) ($1.0b) ($336.0m) ($257.0m) ($351.0m) ($383.0m) —
Proceeds from (Payments for) Other Financing Activities — — — — ($52.0m) $0 $1.0m $0 ($60.0m) ($6.0m) —
Net Cash Provided by (Used in) Financing Activities $2.0b
$4.1b +100.39%
($1.3b) -130.90%
$3.7b +392.23%
$12.5b +238.72%
($764.0m) -106.12%
($1.1b) -45.29%
($3.0b) -169.64%
($8.3b) -176.51%
($6.0b) +28.01%
($3.9b) +33.97%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $0 $36.0m $4.9b $2.5b $2.3b ($11.0m) $1.1b $2.7b $556.0m $1.5b $22.0b
Cash, cash equivalents, and restricted cash at beginning of period $6.1b $8.3b $13.2b $15.7b $18.0b $18.0b $19.2b $21.8b $22.4b $24.0b —
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $0 $36.0m $13.2b $15.7b $18.0b $18.0b $19.2b $21.8b $22.4b $24.0b $22.0b
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $0 $36.0m ($113.0m) ($6.0m) $169.0m ($102.0m) ($155.0m) $76.0m ($207.0m) $273.0m ($37.0m)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash $0 $36.0m ($113.0m) ($6.0m) $169.0m ($102.0m) ($155.0m) $76.0m ($207.0m) $273.0m ($37.0m)
Net change in cash, cash equivalents, and restricted cash ($708.0m) $2.2b $4.9b $2.5b $2.3b ($11.0m) $1.1b $2.7b $556.0m $1.5b —
Restricted cash and cash equivalents — — $5.7b $8.4b $13.2b $12.8b $11.4b $12.8b $15.8b $16.0b —
Additional Supplementary Disclosures
Additional Supplementary Disclosures
Additional Financial Items
Adjustments to loans and interest receivable, held for sale ($24.0m) ($25.0m) — — — $0 $0 $53.0m $125.0m $193.0m —
Cash and cash equivalents $1.6b $2.9b $7.6b $7.3b $4.8b $5.2b $7.8b $9.1b $6.6b $8.0b $19.0b
Collateral posted related to derivative instruments, net — — — — ($327.0m) $336.0m ($19.0m) ($56.0m) $73.0m ($149.0m) —
Collateral received related to derivative instruments and reverse repurchase agreements, net — — — — — — ($6.0m) ($197.0m) $156.0m ($160.0m) —
Derivative, Gain (Loss) on Derivative, Net $195.0m ($37.0m) — — — — — — — — —
Equity Securities, FV-NI, Unrealized Gain (Loss) — — — — $1.6b ($46.0m) $79.0m ($128.0m) ($270.0m) $168.0m —
Funds payable and amounts due to customers $3.0b $4.3b $1.6b $2.5b $10.6b $3.6b $1.5b $1.9b ($2.0b) $174.0m —
Funds receivable ($1.1b) ($1.6b) $1.1b ($342.0m) ($1.6b) $193.0m ($2.8b) ($2.9b) $2.9b ($303.0m) —
Gain (Loss) on Disposition of Business — — — — — — — $356.0m $0 $0 —
Gain (Loss) on Sales of Loans, Net $24.0m $25.0m — — — — — — ($125.0m) ($193.0m) —
General and Administrative Expense $1.0b $1.2b $1.5b $1.7b $2.1b $2.1b $2.1b $2.1b $2.1b $2.0b —
Goodwill $4.1b $4.3b $6.3b $6.2b $9.1b $11.5b $11.2b $11.0b $10.8b $10.9b —
Income Tax Expense (Benefit) $230.0m $405.0m $319.0m $539.0m $863.0m ($70.0m) $947.0m $1.2b $1.2b $1.1b —
Income Taxes Paid, Net $48.0m $117.0m $328.0m $665.0m $565.0m $474.0m $878.0m $2.1b $1.0b $1.1b —
Interest Expense Nonoperating — — — — — — — — $382.0m $441.0m —
Interest Paid, Excluding Capitalized Interest, Operating Activities $4.0m $6.0m $69.0m $78.0m $190.0m $231.0m $280.0m $331.0m $366.0m $406.0m —
Maturities of reverse repurchase agreements — — — — — — $0 $0 $337.0m $288.0m —
Operating Expenses $9.3b $11.0b $13.3b $15.1b $18.2b $21.1b $23.7b $24.7b $26.5b $27.1b —
Operating Lease, Expense — — — $130.0m $172.0m $192.0m $202.0m $183.0m — — —
Originations of loans receivable, held for sale — — — — — $0 $0 ($11.5b) ($24.5b) ($36.7b) —
Proceeds from Contributions from Parent $0 $0 — — — — — — — — —
Proceeds from repayments and sales of loans receivable, originally classified as held for investment — — — — — $11.8b $24.9b $26.7b $20.3b $19.7b —
Proceeds from repayments and sales of loans receivable, originally classified as held for sale — — — — — $0 $0 $10.8b $24.4b $35.4b —
Provision for Loan, Lease, and Other Losses $1.1b $1.0b $1.3b — — — — — — — —
Purchases and originations of loans receivable — — — — ($6.1b) ($13.4b) ($28.2b) ($25.2b) ($21.8b) ($20.2b) —
Purchases of reverse repurchase agreements — — — — — — $0 $0 ($424.0m) ($201.0m) —
Purchases of treasury stock ($995.0m) ($1.0b) ($3.5b) ($1.4b) ($1.6b) ($3.4b) ($4.2b) ($5.0b) ($6.0b) ($6.1b) —
Repayments of repurchase agreements — — — — — — $0 $0 ($656.0m) ($2.9b) —
Repayments under financing arrangements ($21.0m) ($980.0m) ($1.1b) ($2.5b) ($3.0b) ($361.0m) ($1.7b) ($1.1b) ($1.7b) ($2.2b) —
Supplemental disclosure of cash flow information:
Transaction and credit losses — — $1.3b $1.4b $1.7b $1.1b $1.6b $1.7b $1.4b $1.7b —
Transaction loss allowance for cash losses, net ($643.0m) ($817.0m) ($1.0b) ($1.1b) ($1.1b) ($1.2b) ($1.2b) ($1.2b) ($1.1b) ($1.3b) —

Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.