Stock Analysis on Net
Stock Analysis on Net

PayPal Holdings Inc. (NASDAQ:PYPL)

Cash Flow Statement
Quarterly Data

The cash flow statement provides information about a company’s cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company’s balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

PayPal Holdings Inc., consolidated cash flow statement (quarterly data)

US$ in millions

Microsoft Excel LibreOffice Calc
3 months ended: 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 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
Net income 1,184  1,097  1,567  1,021  1,530  84  507  462  823  667  584  436  526  511  620  380  411  384  390  323  323  365 
Transaction and credit losses 169  273  366  344  440  591  381  340  318  341  340  295  334  305  40  363  308  300  307  271  255  255 
Depreciation and amortization 316  300  301  298  297  293  227  227  228  230  223  188  180  185  227  194  201  183  189  185  176  174 
Stock-based compensation 390  368  377  364  352  283  285  266  223  247  230  213  205  205  219  193  176  145  125  107  111  95 
Deferred income taxes (103) —  171  (37) 110  (79) (147) (157) (39) 74  (137) (123) (2) 91  (1,312) (89) 49  53  (19) (17) 66  22 
Excess tax benefits from stock-based compensation —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  (4) (4) (31) (1)
Cost basis adjustments to loans and interest receivable held for sale —  —  —  —  —  —  —  —  —  —  —  —  116  128  92  —  —  —  —  —  —  — 
Net (gains) losses on strategic investments (283) 120  (941) (234) (890) 151  (37) 228  (218) (180) (55) —  (31) —  —  —  —  —  —  —  —  — 
Other 26  51  37  37  5  (32) (20) (38) (48) (44) (38) (38) (5) (5) (9) (4) (6) (6) (7) (5) (6) (6)
Accounts receivable (15) (97) (107) (40) (30) 77  (17) (37) 30  (96) 74  (134) (24) 25  17  (43) 2  36  (27) (20) (8) (22)
Changes in loans and interest receivable held for sale, net —  —  —  —  —  —  —  —  —  4  —  3,675  (977) (1,291) (1,324) 4  6  6  7  5  6  6 
Accounts payable 75  (34) 89  (45) (27) (21) 55  (2) (46) (3) 21  22  18  (35) 58  —  5  (1) (17) 6  9  13 
Income taxes payable 53  (33) (115) (229) 63  51  (7) (26) (21) 14  (23) (7) (14) —  (5) 3  4  17  18  14  42  (5)
Other assets and liabilities (506) (287) (498) (759) 533  106  37  (167) (76) (227) (85) 143  (298) (468) 1,230  5  (235) (366) (39) (64) (247) (158)
Changes in assets and liabilities (393) (451) (631) (1,073) 539  213  68  (232) (113) (308) (13) 3,699  (1,295) (1,769) (24) (31) (218) (308) (58) (59) (198) (166)
Adjustments to reconcile net income to net cash provided by operating activities 122  661  (320) (301) 853  1,420  757  634  351  360  550  4,234  (498) (860) (767) 626  510  367  533  478  373  373 
Net cash provided by (used in) operating activities 1,306  1,758  1,247  720  2,383  1,504  1,264  1,096  1,174  1,027  1,134  4,670  28  (349) (147) 1,006  921  751  923  801  696  738 
Purchases of property and equipment (247) (221) (226) (241) (193) (206) (174) (173) (139) (218) (224) (223) (198) (178) (180) (165) (174) (148) (152) (183) (201) (133)
Proceeds from sales of property and equipment 1  —  —  —  1  119  —  17  —  —  3  —  —  —  —  —  —  —  —  —  —  — 
Changes in principal loans receivable, net (391) 75  (229) 520  389  (386) (520) (379) (375) (357) (452) 2,573  262  738  234  (527) (491) (136) (639) (408) (356) (120)
Purchases of investments (9,265) (10,975) (13,180) (13,489) (11,251) (3,593) (8,073) (6,617) (5,053) (8,138) (6,740) (5,025) (5,341) (5,275) (5,191) (2,271) (4,847) (7,109) (4,057) (6,775) (6,118) (4,091)
Maturities and sales of investments 8,965  9,718  11,175  9,940  4,282  5,511  7,488  6,853  4,509  6,028  5,951  6,278  5,378  4,291  5,423  3,491  3,955  5,581  3,815  5,279  5,139  4,196 
Acquisitions, net of cash and restricted cash acquired (469) —  —  3  —  (3,612) (70) —  —  —  12  (2,120) (16) —  —  (323) —  —  —  —  —  (19)
Funds receivable 307  (180) (492) 74  (733) (401) 950  922  (39) (2,175) 1,573  (1,329) 473  429  (1,244) (1,603) (387) 754  (796) 398  (270) 492 
Net cash (used in) provided by investing activities (1,099) (1,583) (2,952) (3,193) (7,505) (2,568) (399) 623  (1,097) (4,860) 123  154  558  5  (958) (1,398) (1,944) (1,058) (1,829) (1,689) (1,806) 325 
Proceeds from issuance of common stock 87  2  65  1  70  1  60  4  67  7  61  5  65  13  44  14  74  12  51  1  51  6 
Purchases of treasury stock (200) (1,323) (265) (370) (200) (800) (305) (350) —  (756) (595) (600) (500) (1,825) (300) (100) (89) (517) (50) (49) (300) (596)
Excess tax benefits from stock-based compensation —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  4  4  31  1 
Tax withholdings related to net share settlements of equity awards (77) (863) (58) (42) (19) (402) (31) (24) (140) (309) (27) (20) (37) (335) (26) (16) (23) (101) (23) (1) (79) (15)
Borrowings under financing arrangements —  —  —  —  3,966  3,000  —  4,971  500  —  —  —  —  2,075  1,000  800  —  —  —  —  —  — 
Repayments under financing arrangements —  —  —  —  (3,000) —  (7) (2,509) —  —  (14) (25) (1,076) —  (800) (174) (6) —  —  —  —  (21)
Funds payable and amounts due to customers (7) 3,011  2,775  1,904  5,461  457  134  (753) 569  2,560  (1,194) 1,689  213  865  1,739  915  1,086  552  1,161  283  841  738 
Other financing activities —  —  (37) —  —  (15) —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Net cash provided by (used in) financing activities (197) 827  2,480  1,493  6,278  2,241  (149) 1,339  996  1,502  (1,769) 1,049  (1,335) 793  1,657  1,439  1,042  (54) 1,143  238  544  113 
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 8  (42) 143  98  106  (178) 43  (48) (2) 1  (24) (26) (56) (7) 1  12  12  11  (16) 1  1  14 
Net change in cash, cash equivalents, and restricted cash 18  960  918  (882) 1,262  999  759  3,010  1,071  (2,330) (536) 5,847  (805) 442  553  1,059  31  (350) 221  (649) (565) 1,190 

Based on: 10-Q (filing date: 2021-07-29), 10-Q (filing date: 2021-05-06), 10-K (filing date: 2021-02-05), 10-Q (filing date: 2020-11-03), 10-Q (filing date: 2020-07-30), 10-Q (filing date: 2020-05-07), 10-K (filing date: 2020-02-06), 10-Q (filing date: 2019-10-24), 10-Q (filing date: 2019-07-25), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-23), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-04-26), 10-K (filing date: 2018-02-07), 10-Q (filing date: 2017-10-24), 10-Q (filing date: 2017-07-27), 10-Q (filing date: 2017-04-27), 10-K (filing date: 2017-02-08), 10-Q (filing date: 2016-10-25), 10-Q (filing date: 2016-07-26), 10-Q (filing date: 2016-04-28).

Cash flow statement item Description The company
Net cash provided by (used in) operating activities Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. PayPal Holdings Inc.’s net cash provided by (used in) operating activities increased from Q4 2020 to Q1 2021 but then slightly decreased from Q1 2021 to Q2 2021 not reaching Q4 2020 level.
Net cash (used in) provided by investing activities Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. PayPal Holdings Inc.’s net cash (used in) provided by investing activities increased from Q4 2020 to Q1 2021 and from Q1 2021 to Q2 2021.
Net cash provided by (used in) financing activities Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. PayPal Holdings Inc.’s net cash provided by (used in) financing activities decreased from Q4 2020 to Q1 2021 and from Q1 2021 to Q2 2021.