v3.24.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income $ 2,187 $ 5,141
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 43 28
Stock-based compensation expense 1,039 830
Deferred income taxes 304 (2,759)
Other, net 50 (9)
Changes in operating assets and liabilities:    
Prepaids and other assets (22) (42)
Accrued expenses and other liabilities 218 348
Unearned fees 233 284
Net cash provided by operating activities 4,052 3,821
Cash flows from investing activities:    
Purchases of short-term investments (2,449) (2,365)
Sales and maturities of short-term investments 2,079 1,828
Other investing activities, net (26) (30)
Net cash used in investing activities (396) (567)
Cash flows from financing activities:    
Taxes paid related to net share settlement of equity awards (422) (1,023)
Proceeds from exercise of equity awards and employee stock purchase plan 107 68
Repurchases of common stock (2,592) (1,500)
Change in funds payable and amounts payable to customers 665 1,196
Net cash used in financing activities (2,242) (1,259)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 117 (10)
Net increase in cash, cash equivalents, and restricted cash 1,531 1,985
Cash, cash equivalents, and restricted cash, beginning of period 12,667 12,103
Cash, cash equivalents, and restricted cash, end of period $ 14,198 $ 14,088