v3.23.1
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income (loss) $ 117 $ (19)
Adjustments to reconcile net income (loss) to cash provided by operating activities:    
Depreciation and amortization 11 29
Stock-based compensation expense 240 195
Foreign exchange (gain) loss (17) 15
Other, net 29 29
Changes in operating assets and liabilities:    
Prepaids and other assets (31) (19)
Operating lease right-of-use assets (1) 9
Accounts payable 24 10
Accrued expenses and other liabilities 226 109
Unearned fees 989 844
Net cash provided by operating activities 1,587 1,202
Cash flows from investing activities:    
Purchases of property and equipment (6) (6)
Purchases of short-term investments (1,094) (928)
Sales and maturities of short-term investments 917 740
Other investing activities, net 0 (3)
Net cash used in investing activities (183) (197)
Cash flows from financing activities:    
Taxes paid related to net share settlement of equity awards (151) (205)
Proceeds from exercise of stock options 17 12
Repurchases of common stock (493) 0
Change in funds payable and amounts payable to customers 2,913 2,397
Net cash provided by financing activities 2,286 2,204
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 79 3
Net increase in cash, cash equivalents, and restricted cash 3,769 3,212
Cash, cash equivalents, and restricted cash, beginning of period 12,103 9,727
Cash, cash equivalents, and restricted cash, end of period 15,872 12,939
Supplemental disclosures of cash flow information:    
Cash paid for income taxes, net of refunds 11 15
Cash paid for interest $ 1 $ 3