Name: PayPal Holdings Inc. (NASDAQ:PYPL) | Balance Sheet: Assets (Quarterly)
Creator: Stock Analysis on Net

Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Assets: Selected Items

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PayPal Holdings Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018
Cash and cash equivalents	7,101)	7,776)	6,659)	4,583)	4,861)	5,197)	7,782)	5,745)	5,717)	4,794)	6,112)	6,353)	7,854)	7,349)	6,877)	4,909)	4,515)	7,575)	8,147)	2,840)	2,879)
Short-term investments	3,559)	3,092)	4,190)	4,723)	3,104)	4,303)	5,510)	6,650)	7,369)	8,289)	8,046)	6,695)	2,332)	3,412)	3,585)	3,506)	3,334)	1,534)	1,440)	2,125)	3,427)
Accounts receivable, net	967)	963)	889)	867)	850)	800)	736)	693)	674)	577)	482)	446)	412)	435)	417)	379)	409)	313)	412)	283)	258)
Loans and interest receivable, net of allowances	7,495)	7,431)	6,002)	5,749)	5,223)	4,846)	3,713)	3,283)	2,731)	2,769)	2,597)	3,135)	3,712)	3,972)	3,477)	3,166)	2,856)	2,532)	2,112)	1,803)	1,579)
Loans and interest receivable, held for sale	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	6,870)	6,537)
Funds receivable and customer accounts	35,276)	36,357)	34,824)	37,221)	37,046)	36,141)	35,104)	35,670)	35,623)	33,418)	30,530)	29,031)	22,817)	22,527)	22,511)	23,573)	22,738)	20,062)	20,951)	19,188)	19,162)
Prepaid expenses and other current assets	2,162)	1,898)	2,541)	2,109)	1,298)	1,287)	1,285)	1,190)	1,318)	1,148)	937)	840)	1,057)	800)	881)	902)	1,039)	947)	928)	1,075)	900)
Current assets	56,560)	57,517)	55,105)	55,252)	52,382)	52,574)	54,130)	53,231)	53,432)	50,995)	48,704)	46,500)	38,184)	38,495)	37,748)	36,435)	34,891)	32,963)	33,990)	34,184)	34,742)
Long-term investments	4,632)	5,018)	5,215)	6,270)	7,145)	6,797)	6,753)	6,968)	5,994)	6,089)	3,439)	3,175)	2,366)	2,863)	2,771)	2,278)	1,695)	971)	946)	1,369)	1,487)
Property and equipment, net	1,633)	1,730)	1,773)	1,832)	1,861)	1,909)	1,900)	1,848)	1,806)	1,807)	1,757)	1,717)	1,646)	1,693)	1,701)	1,720)	1,731)	1,724)	1,646)	1,567)	1,523)
Goodwill	11,195)	11,209)	11,053)	11,146)	11,370)	11,454)	9,550)	9,564)	9,117)	9,135)	9,119)	9,118)	9,124)	6,212)	6,178)	6,236)	6,234)	6,284)	6,054)	4,331)	4,338)
Intangible assets, net	730)	788)	855)	1,001)	1,185)	1,332)	808)	920)	938)	1,048)	1,146)	1,254)	1,369)	778)	629)	699)	750)	825)	684)	125)	138)
Other assets	2,436)	2,455)	2,434)	2,309)	1,862)	1,737)	1,393)	1,285)	1,230)	1,305)	1,417)	1,402)	1,577)	1,292)	1,196)	1,023)	979)	565)	404)	101)	94)
Non-current assets	20,626)	21,200)	21,330)	22,558)	23,423)	23,229)	20,404)	20,585)	19,085)	19,384)	16,878)	16,666)	16,082)	12,838)	12,475)	11,956)	11,389)	10,369)	9,734)	7,493)	7,580)
Total assets	77,186)	78,717)	76,435)	77,810)	75,805)	75,803)	74,534)	73,816)	72,517)	70,379)	65,582)	63,166)	54,266)	51,333)	50,223)	48,391)	46,280)	43,332)	43,724)	41,677)	42,322)

Total assets exhibited a sustained upward trajectory over the analyzed period, increasing from 42,322 million USD in March 2018 to 77,186 million USD by March 2023. This expansion was primarily driven by a substantial increase in current assets, which rose from 34,742 million USD to 56,560 million USD, reflecting a broad scaling of operational activities and customer-related holdings.

Operational Asset Growth: Funds receivable and customer accounts represent the most significant component of the asset base, growing from 19,162 million USD in March 2018 to 35,276 million USD in March 2023. A notable acceleration occurred between March 2020 and March 2021, during which values increased from 22,817 million USD to 35,623 million USD. Additionally, loans and interest receivable, net of allowances, demonstrated consistent growth, rising from 1,579 million USD to 7,495 million USD over the period, indicating a strategic expansion of the lending portfolio.
Liquidity and Investment Volatility: Cash and cash equivalents showed significant fluctuations, peaking at 8,147 million USD in September 2018 and concluding the period at 7,101 million USD in March 2023. Short-term investments exhibited more pronounced volatility, reaching a peak of 8,289 million USD in December 2020 before declining to 3,559 million USD by March 2023. These movements suggest a dynamic approach to liquidity management and the reallocation of short-term capital assets.
Non-Current Asset Evolution: Non-current assets increased from 7,580 million USD in March 2018 to 20,626 million USD in March 2023. This growth was heavily influenced by Goodwill, which rose from 4,338 million USD to 11,195 million USD, suggesting significant inorganic growth through acquisitions. In contrast, property and equipment remained relatively stagnant, ending the period at 1,633 million USD, which underscores a business model with low reliance on physical infrastructure relative to its overall scale.
Receivables and Other Current Assets: Accounts receivable, net, showed a steady upward trend, increasing from 258 million USD in March 2018 to 967 million USD in March 2023. Prepaid expenses and other current assets also trended upward, growing from 900 million USD to 2,162 million USD, despite some quarterly volatility, particularly during 2022.

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PayPal Holdings Inc. (NASDAQ:PYPL)

Balance Sheet: AssetsQuarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data