v3.23.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income $ 5,141 $ 1,574
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 28 68
Stock-based compensation expense 830 676
Deferred income taxes (2,759) 15
Foreign exchange (gain) loss (49) 83
Impairment of long-lived assets 0 89
Other, net 40 45
Changes in operating assets and liabilities:    
Prepaids and other assets (56) (185)
Operating lease right-of-use assets 14 27
Accounts payable 27 39
Accrued expenses and other liabilities 321 217
Unearned fees 284 319
Net cash provided by operating activities 3,821 2,967
Cash flows from investing activities:    
Purchases of property and equipment (30) (17)
Purchases of short-term investments (2,365) (3,015)
Sales and maturities of short-term investments 1,828 3,149
Other investing activities, net 0 (2)
Net cash provided by (used in) investing activities (567) 115
Cash flows from financing activities:    
Taxes paid related to net share settlement of equity awards (1,023) (491)
Proceeds from exercise of stock options 37 19
Proceeds from the issuance of common stock under employee stock purchase plan 31 20
Repurchases of common stock (1,500) (1,000)
Change in funds payable and amounts payable to customers 1,196 1,527
Net cash provided by (used in) financing activities (1,259) 75
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (10) (625)
Net increase in cash, cash equivalents, and restricted cash 1,985 2,532
Cash, cash equivalents, and restricted cash, beginning of period 12,103 9,727
Cash, cash equivalents, and restricted cash, end of period 14,088 12,259
Supplemental disclosures of cash flow information:    
Cash paid for income taxes, net of refunds 69 52
Cash paid for interest 2 8
Non-cash financing activities:    
Net settlement of cashless stock options exercised 36 0
Net settlement of cashless warrants exercised $ 171 $ 0