Cash Flow Statement

The cash flow statement provides information about a company 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 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.

eBay Inc., consolidated cash flow statement

US$ in millions

12 months ended:	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014
Net income (loss)	2,530)	(1,016)	7,266)	1,725)	46)
(Income) loss from discontinued operations, net of income taxes	(2)	4)	19)	222)	—)
Provision for transaction losses	286)	272)	231)	271)	958)
Depreciation and amortization	696)	676)	682)	687)	1,490)
Stock-based compensation	538)	483)	416)	379)	675)
(Gain) loss on investments, net	(572)	49)	(1,236)	(195)	—)
Gain on sale of business	—)	(167)	—)	—)	—)
Deferred income taxes	(153)	1,729)	(4,556)	(32)	2,808)
Change in fair value of warrant	(104)	—)	—)	—)	—)
Other	19)	—)	(15)	(74)	(115)
Accounts receivable	(98)	(195)	(48)	(105)	16)
Other current assets	(143)	(148)	23)	(143)	(183)
Other non-current assets	108)	19)	94)	143)	14)
Accounts payable	(47)	19)	(28)	226)	87)
Accrued expenses and other liabilities	(437)	206)	(130)	(202)	(347)
Deferred revenue	33)	6)	4)	9)	30)
Income taxes payable and other tax liabilities	7)	1,209)	105)	(34)	198)
Changes in assets and liabilities, net of acquisition effects	(577)	1,116)	20)	(106)	(185)
Adjustments	133)	4,158)	(4,458)	930)	5,631)
Net cash provided by operating activities	2,661)	3,146)	2,827)	2,877)	5,677)
Purchases of property and equipment	(651)	(666)	(626)	(668)	(1,271)
Purchases of investments	(28,115)	(14,599)	(11,212)	(6,744)	(8,834)
Maturities and sales of investments	30,901)	14,520)	10,063)	6,781)	8,524)
Equity investment in Flipkart	—)	(514)	—)	—)	—)
Proceeds from sale of equity investment in Flipkart	1,029)	—)	—)	—)	—)
Acquisitions, net of cash acquired	(302)	(34)	(212)	(24)	(59)
Changes in principal loans receivable, net	—)	—)	—)	—)	(1,020)
Other	32)	(3)	(21)	(18)	(13)
Net cash (used in) provided by investing activities	2,894)	(1,296)	(2,008)	(673)	(2,673)
Proceeds from issuance of common stock	109)	120)	102)	221)	300)
Repurchases of common stock	(4,502)	(2,746)	(2,943)	(2,149)	(4,658)
Tax withholdings related to net share settlements of restricted stock awards and units	(225)	(219)	(121)	(245)	(252)
Proceeds from issuance of long-term debt, net	—)	2,484)	2,216)	—)	3,482)
Repayment of debt	(750)	(1,452)	(20)	(850)	—)
Funds receivable and customer accounts, net	—)	—)	—)	—)	(1,285)
Funds payable and amounts due to customers, net	—)	—)	—)	—)	1,285)
Other	(30)	29)	22)	63)	106)
Net cash used in financing activities	(5,398)	(1,784)	(744)	(2,960)	(1,022)
Net cash provided by (used in) discontinued operating activities	(3)	—)	(1)	1,156)	—)
Net cash used in discontinued investing activities	—)	—)	—)	(2,938)	—)
Net cash used in discontinued financing activities	—)	—)	—)	(1,594)	—)
Net cash used in discontinued activities	(3)	—)	(1)	(3,376)	—)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(75)	238)	(90)	(364)	(148)
Net increase (decrease) in cash, cash equivalents and restricted cash	79)	304)	(16)	(4,496)	1,834)
Cash, cash equivalents and restricted cash at beginning of period	2,140)	1,816)	1,832)	6,328)	4,494)
Cash, cash equivalents and restricted cash at end of period	2,219)	2,120)	1,816)	1,832)	6,328)

Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).

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Cash flow statement item	Description	The company
Net cash provided by 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.	eBay Inc. net cash provided by operating activities increased from 2016 to 2017 but then decreased significantly from 2017 to 2018.
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.	eBay Inc. net cash (used in) provided by investing activities increased from 2016 to 2017 and from 2017 to 2018.
Net cash 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.	eBay Inc. net cash used in financing activities decreased from 2016 to 2017 and from 2017 to 2018.

eBay Inc. (NASDAQ:EBAY)

Cash Flow Statement