7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 
      
    		                                         
      cash flows from operating activities:
    		                                         
      net income
    		1,248,000,000 1,261,000,000 1,287,000,000 1,121,000,000 1,010,000,000 1,128,000,000 888,000,000 1,402,000,000 1,020,000,000 1,029,000,000 795,000,000 921,000,000 1,330,000,000 -341,000,000 509,000,000 801,000,000 1,087,000,000 1,184,000,000 1,097,000,000 1,567,000,000 1,021,000,000 1,530,000,000 84,000,000 507,000,000 462,000,000 823,000,000 667,000,000 584,000,000 436,000,000 526,000,000 511,000,000 620,000,000 380,000,000 411,000,000 384,000,000 390,000,000 323,000,000 323,000,000 365,000,000 367,000,000 301,000,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                                         
      transaction and credit losses
    		483,000,000 476,000,000 371,000,000 434,000,000 352,000,000 335,000,000 321,000,000 396,000,000 446,000,000 398,000,000 442,000,000 388,000,000 367,000,000 448,000,000 369,000,000 350,000,000 268,000,000 169,000,000 273,000,000 366,000,000 344,000,000 440,000,000 591,000,000                   
      depreciation and amortization
    		245,000,000 239,000,000 245,000,000 249,000,000 255,000,000 263,000,000 265,000,000 263,000,000 270,000,000 269,000,000 270,000,000 326,000,000 330,000,000 333,000,000 328,000,000 326,000,000 323,000,000 316,000,000 300,000,000 301,000,000 298,000,000 297,000,000 293,000,000 227,000,000 227,000,000 228,000,000 230,000,000 223,000,000 188,000,000 180,000,000 185,000,000 227,000,000 194,000,000 201,000,000 183,000,000 189,000,000 185,000,000 176,000,000 174,000,000 164,000,000 153,000,000 
      stock-based compensation
    		257,000,000 286,000,000 249,000,000 283,000,000 284,000,000 298,000,000 365,000,000 388,000,000 379,000,000 363,000,000 345,000,000 294,000,000 226,000,000 312,000,000 429,000,000 318,000,000 300,000,000 390,000,000 368,000,000 377,000,000 364,000,000 352,000,000 283,000,000 285,000,000 266,000,000 223,000,000 247,000,000 230,000,000 213,000,000 205,000,000 205,000,000 219,000,000 193,000,000 176,000,000 145,000,000 125,000,000 107,000,000 111,000,000 95,000,000 90,000,000 94,000,000 
      deferred income taxes
    		182,000,000 -83,000,000 -6,000,000 223,000,000 -21,000,000 -23,000,000 52,000,000 -229,000,000 -293,000,000 -79,000,000 -67,000,000 -273,000,000 -81,000,000 -441,000,000 -16,000,000 -307,000,000 -72,000,000   171,000,000 -37,000,000 110,000,000 -79,000,000 -147,000,000 -157,000,000 -39,000,000 74,000,000 -137,000,000 -123,000,000 -2,000,000 91,000,000 -1,312,000,000 -89,000,000 49,000,000 53,000,000 -19,000,000 -17,000,000 66,000,000 22,000,000 40,000,000 -5,000,000 
      net (gains) losses on strategic investments
    		-10,000,000 -11,000,000 -48,000,000 59,000,000 171,000,000 6,000,000 49,000,000 4,000,000 -24,000,000 -133,000,000 -48,000,000 141,000,000 -495,000,000 672,000,000 -14,000,000                           
      accretion of discounts on investments, net of amortization of premiums
    		-20,000,000 -27,000,000 -30,000,000 -45,000,000 -93,000,000 -122,000,000 -75,000,000                                   
      adjustments to loans and interest receivable, held for sale
    		70,000,000 27,000,000 25,000,000 33,000,000 28,000,000 27,000,000 37,000,000 4,000,000 15,000,000                                 
      other
    		52,000,000 -224,000,000 -73,000,000 135,000,000 -96,000,000 -55,000,000 13,000,000 163,000,000 9,000,000 -184,000,000 -92,000,000 -362,000,000 245,000,000 248,000,000 74,000,000 8,000,000 15,000,000 26,000,000 51,000,000 37,000,000 37,000,000 5,000,000 -32,000,000 -20,000,000 -38,000,000 -48,000,000 -44,000,000 -93,000,000 -48,000,000             
      originations of loans receivable, held for sale
    		-9,682,000,000 -7,729,000,000 -6,629,000,000 -7,325,000,000 -6,108,000,000 -5,720,000,000 -5,345,000,000 -5,765,000,000 -4,184,000,000                                 
      proceeds from repayments and sales of loans receivable, originally classified as held for sale
    		9,048,000,000 7,667,000,000 6,445,000,000 7,193,000,000 5,984,000,000 5,943,000,000 5,232,000,000                                   
      changes in assets and liabilities:
    		                                         
      accounts receivable
    		126,000,000 -17,000,000 -98,000,000 54,000,000 -51,000,000 121,000,000 -39,000,000 -79,000,000 -71,000,000 39,000,000 -3,000,000 -74,000,000 -22,000,000 -17,000,000 -50,000,000 -67,000,000 -43,000,000 -15,000,000 -97,000,000 -107,000,000 -40,000,000 -30,000,000 77,000,000 -17,000,000 -37,000,000 30,000,000 -96,000,000 74,000,000 -134,000,000 -24,000,000 25,000,000 17,000,000 -43,000,000 2,000,000 36,000,000 -27,000,000 -20,000,000 -8,000,000 -22,000,000 76,000,000 -85,000,000 
      accounts payable
    		44,000,000 2,000,000 -52,000,000 59,000,000 35,000,000 11,000,000 -22,000,000 13,000,000 6,000,000 -15,000,000 3,000,000 20,000,000 -28,000,000 2,000,000 -29,000,000 19,000,000 -91,000,000 75,000,000 -34,000,000 89,000,000 -45,000,000 -27,000,000 -21,000,000 55,000,000 -2,000,000 -46,000,000 -3,000,000 21,000,000 22,000,000 18,000,000 -35,000,000 58,000,000 0 5,000,000 -1,000,000 -17,000,000 6,000,000 9,000,000 13,000,000 10,000,000 -36,000,000 
      other assets and liabilities
    		-69,000,000 -969,000,000 -526,000,000  -136,000,000 -687,000,000 176,000,000  17,000,000 -611,000,000 -240,000,000  53,000,000 181,000,000 -375,000,000  -99,000,000 -506,000,000 -287,000,000  -759,000,000 533,000,000 106,000,000  -167,000,000 -76,000,000 -227,000,000  143,000,000 -298,000,000 -468,000,000  5,000,000 -235,000,000 -366,000,000  -64,000,000 -247,000,000 -158,000,000  0 
      net cash from operating activities
    		1,974,000,000 898,000,000 1,160,000,000 2,394,000,000 1,614,000,000 1,525,000,000 1,917,000,000 2,614,000,000 1,259,000,000 -200,000,000 1,170,000,000 1,157,000,000 1,948,000,000 1,466,000,000 1,242,000,000 1,763,000,000 1,513,000,000 1,306,000,000 1,758,000,000 1,247,000,000 720,000,000 2,383,000,000 1,504,000,000 1,264,000,000 1,096,000,000 1,174,000,000 1,027,000,000 1,134,000,000 4,670,000,000 28,000,000 -349,000,000 -147,000,000 1,006,000,000 921,000,000 751,000,000 923,000,000 801,000,000 696,000,000 738,000,000 728,000,000 652,000,000 
      capex
    		-256,000,000 -206,000,000 -196,000,000 -203,000,000 -169,000,000 -157,000,000 -154,000,000 -145,000,000 -158,000,000 -150,000,000 -170,000,000 -158,000,000 -182,000,000 -175,000,000 -191,000,000 -213,000,000 -227,000,000 -247,000,000 -221,000,000 -226,000,000 -241,000,000 -193,000,000 -206,000,000 -174,000,000 -173,000,000 -139,000,000 -218,000,000 -224,000,000 -223,000,000 -198,000,000 -178,000,000 -180,000,000 -165,000,000 -174,000,000 -148,000,000 -152,000,000 -183,000,000 -201,000,000 -133,000,000 -164,000,000 -133,000,000 
      free cash flows
    		1,718,000,000 692,000,000 964,000,000 2,191,000,000 1,445,000,000 1,368,000,000 1,763,000,000 2,469,000,000 1,101,000,000 -350,000,000 1,000,000,000 999,000,000 1,766,000,000 1,291,000,000 1,051,000,000 1,550,000,000 1,286,000,000 1,059,000,000 1,537,000,000 1,021,000,000 479,000,000 2,190,000,000 1,298,000,000 1,090,000,000 923,000,000 1,035,000,000 809,000,000 910,000,000 4,447,000,000 -170,000,000 -527,000,000 -327,000,000 841,000,000 747,000,000 603,000,000 771,000,000 618,000,000 495,000,000 605,000,000 564,000,000 519,000,000 
      cash flows from investing activities:
    		                                         
      purchases of reverse repurchase agreements
    		0 -1,000,000 -200,000,000 -125,000,000                                      
      maturities of reverse repurchase agreements
    		0 201,000,000 87,000,000 111,000,000                                      
      purchases of property and equipment
    		-256,000,000 -206,000,000 -196,000,000 -203,000,000 -169,000,000 -157,000,000 -154,000,000 -145,000,000 -158,000,000 -150,000,000 -170,000,000 -158,000,000 -182,000,000 -175,000,000 -191,000,000 -213,000,000 -227,000,000 -247,000,000 -221,000,000 -226,000,000 -241,000,000 -193,000,000 -206,000,000 -174,000,000 -173,000,000 -139,000,000 -218,000,000 -224,000,000 -223,000,000 -198,000,000 -178,000,000 -180,000,000 -165,000,000 -174,000,000 -148,000,000 -152,000,000 -183,000,000 -201,000,000 -133,000,000 -164,000,000 -133,000,000 
      proceeds from sales of property and equipment
    		0 1,000,000 2,000,000     1,000,000 4,000,000 39,000,000 1,000,000 0 0 2,000,000 3,000,000 2,000,000 2,000,000   0 0 1,000,000 119,000,000 0                0 15,000,000 
      purchases and originations of loans receivable
    		-4,414,000,000 -5,982,000,000 -5,508,000,000 -6,433,000,000 -5,413,000,000 -5,182,000,000 -4,779,000,000 -5,396,000,000 -4,635,000,000 -6,900,000,000 -8,267,000,000 -9,003,000,000 -6,867,000,000 -6,775,000,000 -5,525,000,000                           
      proceeds from repayments and sales of loans receivable, originally classified as held for investment
    		4,735,000,000 5,733,000,000 5,477,000,000 5,567,000,000 4,945,000,000 4,933,000,000 4,827,000,000                                   
      purchases of investments
    		-4,387,000,000 -5,594,000,000 -5,970,000,000 -5,390,000,000 -4,815,000,000 -8,923,000,000 -7,081,000,000 -7,005,000,000 -4,452,000,000 -4,423,000,000 -6,100,000,000 -3,764,000,000 -3,304,000,000 -4,547,000,000 -8,604,000,000 -9,211,000,000 -10,665,000,000 -9,265,000,000 -10,975,000,000 -13,180,000,000 -13,489,000,000 -11,251,000,000 -3,593,000,000 -8,073,000,000 -6,617,000,000 -5,053,000,000 -8,138,000,000 -6,740,000,000 -5,025,000,000 -5,341,000,000 -5,275,000,000 -5,191,000,000 -2,271,000,000 -4,847,000,000 -7,109,000,000 -4,057,000,000 -6,775,000,000 -6,118,000,000 -4,091,000,000 -820,000,000 -2,257,000,000 
      maturities and sales of investments
    		7,432,000,000 6,130,000,000 5,465,000,000 5,783,000,000 6,938,000,000 4,999,000,000 9,242,000,000 8,185,000,000 5,368,000,000 5,297,000,000 5,445,000,000 6,641,000,000 5,683,000,000 2,336,000,000 8,751,000,000 9,308,000,000 11,707,000,000 8,965,000,000 9,718,000,000 11,175,000,000 9,940,000,000 4,282,000,000 5,511,000,000 7,488,000,000 6,853,000,000 4,509,000,000 6,028,000,000 5,951,000,000 6,278,000,000 5,378,000,000 4,291,000,000 5,423,000,000 3,491,000,000 3,955,000,000 5,581,000,000 3,815,000,000 5,279,000,000 5,139,000,000 4,196,000,000 1,342,000,000 1,559,000,000 
      funds receivable
    		1,553,000,000 -44,000,000 -2,741,000,000 2,756,000,000 1,519,000,000 -198,000,000 -1,169,000,000 -1,927,000,000 -1,775,000,000 -317,000,000 1,076,000,000 -1,728,000,000 -203,000,000 -643,000,000 -239,000,000 230,000,000 -164,000,000 307,000,000 -180,000,000 -492,000,000 74,000,000 -733,000,000 -401,000,000 1,283,000,000 922,000,000 -39,000,000 -2,175,000,000 1,573,000,000 -1,329,000,000 473,000,000 429,000,000           
      collateral posted related to derivative instruments
    		109,000,000 -263,000,000 -53,000,000 131,000,000 -133,000,000 1,000,000 74,000,000 -64,000,000 19,000,000 11,000,000 -22,000,000                               
      net cash from investing activities
    		4,772,000,000 -20,000,000 -3,657,000,000 2,457,000,000 2,799,000,000 -4,647,000,000 980,000,000 -534,000,000 -307,000,000 1,559,000,000 34,000,000 -135,000,000 1,381,000,000 -3,916,000,000 -751,000,000 -3,129,000,000 326,000,000 -1,099,000,000 -1,583,000,000 -2,952,000,000 -3,193,000,000 -7,505,000,000 -2,568,000,000 -399,000,000 623,000,000 -1,097,000,000 -4,860,000,000 123,000,000 154,000,000 558,000,000 5,000,000     -1,829,000,000 -1,689,000,000 -1,806,000,000 325,000,000 -1,257,000,000 -1,380,000,000 
      cash flows from financing activities:
    		                                         
      borrowings from repurchase agreements
    		2,544,000,000   0                                      
      repayments of repurchase agreements
    		-2,544,000,000   0                                      
      proceeds from issuance of common stock
    		0   40,000,000 0   45,000,000 0 81,000,000 1,000,000 57,000,000 0 83,000,000 3,000,000 72,000,000 1,000,000 87,000,000 2,000,000 65,000,000 1,000,000 70,000,000 1,000,000 60,000,000 4,000,000 67,000,000 7,000,000 61,000,000 5,000,000 65,000,000 13,000,000 44,000,000 14,000,000 74,000,000 12,000,000 51,000,000 1,000,000 51,000,000 6,000,000 39,000,000  
      purchases of treasury stock
    		-1,500,000,000 -1,551,000,000 -1,500,000,000 -1,269,000,000 -1,776,000,000 -1,501,000,000 -1,501,000,000 -607,000,000 -1,434,000,000 -1,529,000,000 -1,432,000,000 -1,010,000,000 -939,000,000 -750,000,000 -1,500,000,000 -1,500,000,000 -350,000,000 -200,000,000 -1,323,000,000 -265,000,000 -370,000,000 -200,000,000 -800,000,000 -305,000,000 -350,000,000 0 -756,000,000 -595,000,000 -600,000,000 -500,000,000 -1,825,000,000 -300,000,000 -100,000,000 -89,000,000 -517,000,000 -50,000,000 -49,000,000 -300,000,000 -596,000,000   
      tax withholdings related to net share settlements of equity awards
    		-68,000,000 28,000,000 -277,000,000 -80,000,000 -41,000,000 -63,000,000 -167,000,000 -32,000,000 -25,000,000 -51,000,000 -149,000,000 -15,000,000 -46,000,000 -31,000,000 -244,000,000 -58,000,000 -38,000,000 -77,000,000 -863,000,000  -42,000,000 -19,000,000 -402,000,000  -24,000,000 -140,000,000 -309,000,000  -20,000,000 -37,000,000 -335,000,000  -16,000,000 -23,000,000 -101,000,000  -1,000,000     
      borrowings under financing arrangements
    		746,000,000 0 1,491,000,000 0 132,000,000 1,299,000,000 115,000,000 699,000,000 109,000,000 648,000,000 72,000,000 129,000,000 58,000,000 3,002,000,000 286,000,000     0 0 3,966,000,000 3,000,000,000 0 4,971,000,000   0              
      repayments under financing arrangements
    		-747,000,000   -1,250,000,000 0 -52,000,000 -359,000,000 -111,000,000 0 -937,000,000 -5,000,000 0 0 -1,582,000,000 -104,000,000     0 0   -7,000,000    -14,000,000         0 0 -21,000,000  -4,000,000 
      funds payable and amounts due to customers
    		-250,000,000 -504,000,000 1,417,000,000 -1,183,000,000 -733,000,000 445,000,000 -483,000,000 3,138,000,000 1,301,000,000 -1,558,000,000 -1,020,000,000 2,157,000,000 -2,245,000,000 723,000,000 863,000,000 997,000,000 -429,000,000 -7,000,000 3,011,000,000 2,775,000,000 1,904,000,000 5,461,000,000 457,000,000 -1,877,000,000 -753,000,000 569,000,000 2,560,000,000 -1,194,000,000 1,689,000,000 213,000,000 865,000,000 1,739,000,000 915,000,000 1,086,000,000 552,000,000 1,161,000,000 283,000,000 841,000,000 738,000,000 459,000,000 416,000,000 
      collateral received related to derivative instruments and reverse repurchase agreements
    		-10,000,000 -10,000,000 -135,000,000 157,000,000                                      
      net cash from financing activities
    		-1,829,000,000 -3,174,000,000 994,000,000 -3,585,000,000 -2,529,000,000 200,000,000 -2,362,000,000  61,000,000 -3,392,000,000 -2,662,000,000 1,312,000,000 -3,172,000,000 1,445,000,000 -695,000,000 -578,000,000 -816,000,000 -197,000,000 827,000,000 2,480,000,000 1,493,000,000 6,278,000,000 2,241,000,000 -149,000,000 1,339,000,000 996,000,000 1,502,000,000 -1,769,000,000 1,049,000,000 -1,335,000,000 793,000,000 1,657,000,000 1,439,000,000   1,143,000,000 238,000,000 544,000,000 113,000,000 45,000,000 62,000,000 
      gain on divestiture of business, excluding transaction costs
    		                                         
      transaction loss allowance for cash losses
    		                                         
      other current assets and non-current assets
    		                                         
      other current liabilities and non-current liabilities
    		                                         
      proceeds from divestiture of business, net of cash divested
    		                                         
      collateral received related to derivative instruments
    		     37,000,000 33,000,000 -132,000,000 110,000,000 -46,000,000 -129,000,000                               
      other investing activities
    		      20,000,000 10,000,000 -7,000,000 75,000,000 8,000,000 157,000,000 0                             
      acquisitions, net of cash and restricted cash acquired
    		               -2,294,000,000 0   0 3,000,000 0 -3,612,000,000                   
      other financing activities
    		           0 0 0 1,000,000     -37,000,000 0 0 -15,000,000                   
      proceeds from repayments of loans receivable, originally classified as held for sale
    		        3,374,000,000                                 
      income taxes payable
    		        295,000,000 -91,000,000 -235,000,000 264,000,000 23,000,000 69,000,000 17,000,000 55,000,000 -2,000,000 53,000,000 -33,000,000 -115,000,000 -229,000,000 63,000,000 51,000,000 -7,000,000 -26,000,000 -21,000,000 14,000,000 -23,000,000 -7,000,000   -5,000,000 3,000,000 4,000,000 17,000,000 18,000,000 14,000,000 42,000,000 -5,000,000   
      proceeds from repayments of loans receivable, originally classified as held for investment
    		        5,329,000,000                                 
      principal repayment of loans receivable
    		          8,063,000,000 7,739,000,000 6,254,000,000 5,856,000,000 5,054,000,000                           
      effect of exchange rate changes on cash, cash equivalents, and restricted cash
    		          -4,000,000 98,000,000 -117,000,000 -154,000,000 18,000,000 4,000,000 -72,000,000 8,000,000 -42,000,000 143,000,000 98,000,000 106,000,000 -178,000,000 43,000,000 -48,000,000                 
      net change in cash, cash equivalents, and restricted cash
    		          -1,462,000,000 2,432,000,000 40,000,000 -1,159,000,000 -186,000,000 -1,940,000,000 951,000,000 18,000,000 960,000,000 918,000,000 -882,000,000 1,262,000,000 999,000,000 759,000,000 3,010,000,000                 
      cash, cash equivalents, and restricted cash at beginning of period
    		          19,156,000,000 0 0 0 18,029,000,000 0 0 0 18,040,000,000 0 0 0 15,743,000,000 0 0                 
      cash, cash equivalents, and restricted cash at end of period
    		          17,694,000,000 2,432,000,000 40,000,000 -1,159,000,000 17,843,000,000 -1,940,000,000 951,000,000 18,000,000 19,000,000,000 918,000,000 -882,000,000 1,262,000,000 16,742,000,000 759,000,000 3,010,000,000                 
      supplemental cash flow disclosures:
    		                                         
      cash paid for interest
    		              12,000,000  12,000,000 97,000,000 12,000,000  13,000,000 67,000,000 11,000,000  31,000,000 25,000,000 20,000,000  21,000,000 18,000,000 8,000,000  1,000,000 1,000,000 1,000,000  1,000,000 1,000,000 1,000,000  2,000,000 
      cash paid for income taxes
    		              47,000,000  56,000,000 293,000,000 87,000,000  374,000,000 40,000,000 30,000,000  44,000,000    48,000,000    15,000,000 25,000,000 48,000,000  7,000,000 12,000,000 24,000,000  25,000,000 
      the table below reconciles cash, cash equivalents, and restricted cash as reported in the condensed consolidated balance sheets to the total of the same amounts shown in the condensed consolidated statements of cash flows:
    		                                         
      cash and cash equivalents
    		              4,861,000,000  2,037,000,000 28,000,000 5,717,000,000  -241,000,000 -1,501,000,000 7,854,000,000  1,968,000,000 394,000,000 4,515,000,000  5,307,000,000 -39,000,000 2,879,000,000           
      short-term investments
    		              27,000,000  5,000,000                         
      funds receivable and customer accounts
    		              12,955,000,000  -1,091,000,000 -2,000,000 13,257,000,000  -646,000,000 2,762,000,000 8,871,000,000  1,044,000,000 680,000,000 6,373,000,000  540,000,000 -766,000,000 5,832,000,000 -1,244,000,000 -1,603,000,000 -387,000,000 754,000,000 -796,000,000 398,000,000 -270,000,000 492,000,000 -459,000,000 -416,000,000 
      total cash, cash equivalents, and restricted cash shown in the condensed consolidated statements of cash flows
    		              17,843,000,000  951,000,000 18,000,000 19,000,000,000  -882,000,000 1,262,000,000 16,742,000,000                   
      net gains on strategic investments
    		               290,000,000 -173,000,000                         
      changes in loans and interest receivable held for sale
    		                       0 0 0 4,000,000 0 3,675,000,000 -977,000,000 -1,291,000,000           
      changes in principal loans receivable
    		               -951,000,000 -327,000,000 -391,000,000 75,000,000 -229,000,000 520,000,000 389,000,000 -386,000,000 -520,000,000 -379,000,000 -375,000,000 -357,000,000 -452,000,000 2,573,000,000 262,000,000 738,000,000 234,000,000 -527,000,000 -491,000,000 -136,000,000 -639,000,000 -408,000,000 -356,000,000 -120,000,000 -673,000,000 -554,000,000 
      net incomees on strategic investments
    		                  120,000,000                       
      the below table reconciles cash, cash equivalents, and restricted cash as reported in the condensed consolidated balance sheets to the total of the same amounts shown in the condensed consolidated statements of cash flows:
    		                                         
      short term investments
    		                  26,000,000  5,000,000 1,000,000 17,000,000  -2,000,000 -3,000,000 15,000,000  0 0 16,000,000           
      cost basis adjustments to loans and interest receivable held for sale
    		                           0 0 116,000,000 128,000,000           
      tax withholdings related to net share settlements of restricted stock units and restricted stock awards
    		                                      -15,000,000 -11,000,000  
      adjustments:
    		                                         
      gains on strategic investments
    		                                         
      unrealized gains on strategic investments
    		                        228,000,000 -218,000,000 -180,000,000               
      unrealized losses (gains) on strategic investments
    		                      151,000,000                   
      transaction and loan losses
    		                       381,000,000 340,000,000 318,000,000 341,000,000 340,000,000 295,000,000 334,000,000 305,000,000 40,000,000 363,000,000 308,000,000 300,000,000 307,000,000 271,000,000 255,000,000 255,000,000 245,000,000 201,000,000 
      unrealized (gains) losses on strategic investments
    		                                         
      the below table reconciles cash, cash equivalents, and restricted cash as reported in the condensed consolidated balance sheet to the total of the same amounts shown in the condensed consolidated statement of cash flows:
    		                                         
      total cash, cash equivalents, and restricted cash shown in the condensed consolidated statement of cash flows
    		                        3,010,000,000                 
      effect of exchange rate changes on cash, cash equivalents and restricted cash
    		                          1,000,000  -26,000,000 -56,000,000 -7,000,000           
      net change in cash, cash equivalents and restricted cash
    		                          -2,330,000,000  5,847,000,000 -805,000,000 442,000,000           
      cash, cash equivalents and restricted cash at beginning of period
    		                          13,233,000,000  0 0 8,285,000,000           
      cash, cash equivalents and restricted cash at end of period
    		                          10,903,000,000  5,847,000,000 -805,000,000 8,727,000,000           
      cash paid (refund received) for income taxes
    		                          22,000,000    -6,000,000           
      the below table reconciles cash, cash equivalents and restricted cash as reported in the condensed consolidated balance sheet to the total of the same amounts shown in the condensed consolidated statement of cash flows:
    		                                         
      total cash, cash equivalents and restricted cash shown in the condensed consolidated statement of cash flows
    		                          10,903,000,000  5,847,000,000             
      excess tax benefits from stock-based compensation
    		                                   -4,000,000 -4,000,000 -31,000,000 -1,000,000 -2,000,000 -8,000,000 
      acquisitions, net of cash acquired
    		                            -2,120,000,000   0    0 0 0 -19,000,000 -942,000,000 -10,000,000 
      gain on sale of principal loans receivable held for sale
    		                             -5,000,000 -5,000,000 -9,000,000 -4,000,000 -6,000,000 -6,000,000 -7,000,000      
      borrowings under financing arrangements, net of repayments
    		                             -1,076,000,000 2,075,000,000 200,000,000          
      the below table reconciles cash, cash equivalents and restricted cash as reported in the condensed consolidated balance sheet to the total of the same amounts shown in the condensed consolidated statements of cash flows:
    		                                         
      total cash, cash equivalents and restricted cash shown in the condensed consolidated statements of cash flows
    		                              8,727,000,000           
      receivable from ebay
    		                                         
      payable to ebay
    		                                         
      notes payable and receivable from ebay
    		                                         
      contribution from ebay
    		                                         
      effect of exchange rate changes on cash and cash equivalents
    		                               1,000,000 12,000,000 12,000,000 11,000,000  1,000,000 1,000,000 14,000,000 -3,000,000 -16,000,000 
      net increase in cash and cash equivalents
    		                                     -565,000,000 1,190,000,000 -487,000,000 -682,000,000 
      cash and cash equivalents at beginning of period
    		                               0 0 0 1,590,000,000 0 0 0 1,393,000,000 0 0 
      cash and cash equivalents at end of period
    		                               553,000,000 1,059,000,000 31,000,000 1,240,000,000 221,000,000 -649,000,000 -565,000,000 2,583,000,000 -487,000,000 -682,000,000 
      principal loans receivable held for sale
    		                                4,000,000 6,000,000 6,000,000       
      net cash (used in) investing activities
    		                                -1,398,000,000         
      net change in cash and cash equivalents
    		                                1,059,000,000 31,000,000 -350,000,000       
      net cash (used in) and provided by investing activities
    		                                  -1,058,000,000       
      net cash (used in) and provided by financing activities
    		                                  -54,000,000       
      contribution from (to) ebay
    		                                         
      borrowings (repayments) under financing arrangements
    		                                         
      changes in principal loans receivable held for sale
    		                                    5,000,000 6,000,000 6,000,000  5,000,000 
      notes and receivables from ebay
    		                                         
      premium received on sale of principal loans receivable held for sale
    		                                     -6,000,000 -6,000,000  -5,000,000 
      notes and receivable from ebay
    		                                         
      repayments borrowings under financing arrangements
    		                                         
      notes and receivable from affiliates
    		                                        79,000,000 
      notes payable to affiliates
    		                                        -96,000,000 
      income taxes payable and other tax liabilities
    		                                        54,000,000 
      notes and receivables from affiliates
    		                                        0 
      contribution from (to) parent
    		                                         
      contribution from parent
    		                                         
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.