Stock Analysis on Net

PayPal Holdings Inc. (NASDAQ:PYPL)

$22.49

This company has been moved to the archive! The financial data has not been updated since May 9, 2023.

Common-Size Balance Sheet: Assets

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PayPal Holdings Inc., common-size consolidated balance sheet: assets

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Cash and cash equivalents
Short-term investments
Accounts receivable, net
Loans and interest receivable, net of allowances
Funds receivable and customer accounts
Prepaid expenses and other current assets
Current assets
Long-term investments
Property and equipment, net
Goodwill
Intangible assets, net
Other assets
Non-current assets
Total assets

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).


Cash and cash equivalents
The proportion of cash and cash equivalents relative to total assets exhibited a declining trend from 17.48% in 2018 to a low of 6.81% in 2020, followed by a slight recovery to 9.88% by 2022. This indicates a reduction in highly liquid assets at the midpoint before increasing moderately thereafter.
Short-term investments
Short-term investments saw an initial increase from 3.54% in 2018 to a peak of 11.78% in 2020, suggesting an increased allocation to easily liquidatable securities. However, there was a marked decrease to 3.93% by 2022, indicating a shift away from short-term investment instruments in the later years.
Accounts receivable, net
This category remained relatively stable over the years, fluctuating narrowly between 0.72% and 1.22% of total assets, with a slight upward movement appearing in recent years, which may reflect modest growth in credit extended to customers or clients.
Loans and interest receivable, net of allowances
Loans and interest receivable as a percentage of total assets showed variability, initially increasing from 5.84% in 2018 to 7.74% in 2019, then declining sharply to 3.93% in 2020 before rising again to 9.44% in 2022. This pattern indicates fluctuating lending or financing activities impacting asset composition.
Funds receivable and customer accounts
Funds receivable and customer accounts consistently comprised a substantial portion of total assets, ranging narrowly from 43.88% to 47.68% over the period. The relative stability suggests a steady core operational asset component related to customer funds management.
Prepaid expenses and other current assets
Prepaid expenses and other current assets generally maintained a low share, but with a slight increase from 1.56% in 2019 to 2.41% in 2022, denoting a gradual increase in accrued or deferred expenses over time.
Current assets
Overall, current assets as a portion of total assets decreased from 76.07% in 2018 to 69.36% in 2021, before partially rebounding to 73.07% in 2022. This reflects some shift toward non-current assets in the middle years, followed by a modest return to greater liquidity near the end of the period.
Long-term investments
Long-term investments rose significantly from 2.24% in 2018 to 8.97% in 2021, before declining to 6.37% in 2022. This pattern implies an expansion of investment holdings with a slight pullback in the most recent year.
Property and equipment, net
The proportion of property and equipment steadily decreased from 3.98% in 2018 to 2.2% in 2022, indicating either amortization, disposals, or limited reinvestment in fixed assets over time.
Goodwill
Goodwill as a percentage of total assets declined from 14.5% in 2018 to 12.1% in 2019, then increased to 15.11% in 2021 before slightly decreasing to 14.24% in 2022. This fluctuation may reflect acquisition activity or impairment adjustments.
Intangible assets, net
Intangible assets remained relatively minor, with percentages fluctuating between 1.0% and 1.9%, showing a small decline to 1.0% in 2022. This suggests a stable but modest intangible asset base over the period.
Other assets
Other assets showed growth from 1.3% in 2018 to 3.12% in 2022, implying an increasing diversification or accumulation of miscellaneous non-current asset types.
Non-current assets
Non-current assets as a portion of total assets grew from 23.93% in 2018 to a peak of 30.64% in 2021, followed by a decline to 26.93% in 2022. This pattern aligns with the trends observed in investment and fixed asset categories, suggesting an overall expansion of long-term assets with partial contraction in the latest year.
Total assets
The composition of total assets remained constant at 100% each year, serving as the benchmark for proportional analysis.