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.

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)

Cash and Cash Equivalents: The cash and cash equivalents exhibited significant fluctuations over the observed period. There was a notable increase from around 2,879 million USD in early 2018 to a peak of 8,147 million USD in September 2018. However, following this peak, the figure exhibited volatility, diminishing to approximately 4,515 million USD by March 2019, before recovering and fluctuating in subsequent quarters, ending at 7,101 million USD in March 2023. This pattern indicates variable liquidity management or cash flow impacts during the period.
Short-Term Investments: Short-term investments saw a sharp decline during the initial quarters of the timeline, dropping from 3,427 million USD in March 2018 to about 1,440 million USD by September 2018. Subsequently, there was a recovery trend mid-2020 with a peak of 8,289 million USD in December 2020. After this peak, the value decreased steadily, finishing near 3,559 million USD by the first quarter of 2023. Such trends may signify strategic shifts in investment approaches or responses to market conditions.
Accounts Receivable, Net: The accounts receivable balances demonstrated a generally upward trend across the entire period. Starting at 258 million USD in early 2018, this value increased consistently, reaching 967 million USD by March 2023. The steady increase may reflect growth in sales or credit policies extending receivables.
Loans and Interest Receivable, Net of Allowances: This item showed a consistent increase from 1,579 million USD in March 2018 up to 7,495 million USD by March 2023, with occasional minor declines. The growth signifies expanded lending activities or higher interest-bearing assets, possibly indicating a strategic emphasis on credit products.
Loans and Interest Receivable, Held for Sale: Data for this category is only available for the first two quarters of 2018, with values around 6,537 million to 6,870 million USD, followed by no reported amounts afterward. This absence suggests a disposal or reclassification of these assets post mid-2018.
Funds Receivable and Customer Accounts: These accounts remained relatively stable in the early periods with slight increases, ranging from 19,162 million USD in March 2018 to approximately 22,738 million USD in March 2019. Substantial growth was observed in 2020, peaking at 35,623 million USD by March 2021. Following this peak, the figures fluctuated but remained elevated, ending at around 35,276 million USD in March 2023. The overall rise may reflect expanded customer activity or growth in transaction volumes.
Prepaid Expenses and Other Current Assets: The balance for prepaid expenses and other current assets was somewhat volatile. Beginning at 900 million USD in early 2018, it increased to over 1,300 million USD by March 2021. There was an abrupt uplift to a peak of 2,541 million USD in September 2022, followed by a decrease to 2,162 million USD in March 2023. This volatility could indicate changes in operational strategies or timing differences.
Current Assets: Current assets showed an increasing trend over the timeframe, starting at around 34,742 million USD in March 2018, rising steadily with some fluctuations, reaching a peak near 57,517 million USD in December 2022, before a small dip to 56,560 million USD by March 2023. This reflects broad growth in liquid and short-term assets.
Long-Term Investments: Long-term investments increased from approximately 1,487 million USD in March 2018 to a peak near 6,968 million USD by June 2021. Subsequently, a steady decline occurred, finishing at 4,632 million USD at the end of the observation period. This trend may indicate reallocation of assets or realizations of investment portfolios.
Property and Equipment, Net: Net property and equipment values rose slightly from about 1,523 million USD in 2018, reaching a maximum of 1,909 million USD in June 2021 before declining steadily to 1,633 million USD in March 2023. The fluctuation suggests moderate reinvestment in physical assets with later depreciation or disposals.
Goodwill: Goodwill remained relatively stable around the range of 4,331 million USD in early 2018, increasing sharply beginning in late 2019, peaking above 11,454 million USD in December 2021. Afterward, it showed minor decreases, stabilizing near 11,195 million USD by March 2023. The substantial rise implies acquisition activities or intangible asset reevaluations.
Intangible Assets, Net: Intangible assets net value displayed significant volatility, from low levels near 125 million USD in mid-2018 to peaks exceeding 1,300 million USD at various points, particularly December 2021. A downward trend follows thereafter, ending near 730 million USD in March 2023. This may relate to amortization schedules or impairments.
Other Assets: Other assets increased gradually from about 94 million USD in early 2018 to a high near 2,455 million USD by December 2022, with a slight decrease to 2,436 million USD by March 2023. This represents incremental accumulation of miscellaneous or deferred asset classes.
Non-Current Assets: Non-current assets collectively rose consistently from 7,580 million USD in March 2018, reaching a peak of 23,229 million USD in June 2021. Following this, a relatively stable pattern ensued, tapering down to 20,626 million USD by March 2023. This trend reflects overall asset growth partly offset by disposals or depreciation.
Total Assets: Total assets followed an upward trajectory throughout the period, growing from 42,322 million USD in March 2018 to a maximum of 75,803 million USD in December 2021. Thereafter, fluctuations appeared with slight declines, resulting in 77,186 million USD by the end of the first quarter of 2023. This overall increase signals expansion in asset base and scale of operations.

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PayPal Holdings Inc. (NASDAQ:PYPL)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data