← PayPal Holdings, Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $1.4b $1.8b $2.1b $2.5b $4.2b $4.2b $2.4b $4.2b $4.1b $5.2b
Net Income (Loss) Available to Common Stockholders, Basic $1.4b $1.8b $2.1b $2.5b $4.2b $4.2b $2.4b $4.2b $4.1b $5.2b
Accretion of discounts on investments, net of amortization of premiums — — — — — $73.0m ($70.0m) ($367.0m) ($335.0m) ($83.0m)
Amortization of Intangible Assets $150.0m $126.0m $149.0m $211.0m $451.0m $443.0m $471.0m $226.0m $207.0m $175.0m
Capitalized Computer Software, Amortization — $262.0m $262.0m $298.0m $322.0m — — — — —
Depreciation $574.0m $649.0m $627.0m $701.0m $738.0m $822.0m $846.0m $846.0m $825.0m $788.0m
Depreciation, Depletion and Amortization $724.0m $805.0m $776.0m $912.0m $1.2b $1.3b $1.3b $1.1b $1.0b $963.0m
Deferred Income Tax Expense (Benefit) $52.0m ($1.3b) ($171.0m) ($269.0m) $165.0m ($482.0m) ($811.0m) ($668.0m) $231.0m $217.0m
Deferred income taxes $52.0m ($1.3b) ($171.0m) ($269.0m) $165.0m ($482.0m) ($811.0m) ($668.0m) $231.0m $217.0m
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount — — ($5.0m) $0 $22.0m $0 $104.0m — — —
Operating Lease, Impairment Loss — — — — $23.0m $21.0m $52.0m $40.0m $0 $5.0m
Payment, Tax Withholding, Share-based Payment Arrangement $118.0m $166.0m $419.0m $504.0m $521.0m $1.0b $336.0m $257.0m $351.0m $383.0m
Restructuring Costs and Asset Impairment Charges — — — — — $62.0m $207.0m — — —
Share-based Payment Arrangement, Expense $444.0m $744.0m $871.0m $1.1b $1.4b $1.4b $1.3b $1.5b $1.3b $1.1b
Share-based Payment Arrangement, Noncash Expense $438.0m $733.0m $853.0m $1.0b $1.4b $1.4b $1.3b $1.5b $1.2b $1.0b
Gain (Loss) on Disposition of Business — — — — — — — $356.0m $0 $0
Gain on divestiture of business, excluding transaction costs — — — — — $0 $0 ($356.0m) $0 $0
Income Tax Expense (Benefit) $230.0m $405.0m $319.0m $539.0m $863.0m ($70.0m) $947.0m $1.2b $1.2b $1.1b
Interest Expense Nonoperating — — — — — — — — $382.0m $441.0m
Operating Lease, Expense — — — $130.0m $172.0m $192.0m $202.0m $183.0m — —
Other Nonoperating Income (Expense) — — $91.0m ($11.0m) ($17.0m) ($34.0m) ($37.0m) $49.0m $9.0m ($11.0m)
Changes in operating assets and liabilities:
Additional Financial Items
Accounts payable $11.0m $62.0m $26.0m $4.0m ($4.0m) ($31.0m) ($35.0m) $7.0m $83.0m $4.0m
Accounts receivable ($77.0m) $12.0m ($59.0m) ($120.0m) ($100.0m) ($222.0m) ($163.0m) ($114.0m) $85.0m $144.0m
Adjustments to loans and interest receivable, held for sale ($24.0m) ($25.0m) — — — $0 $0 $53.0m $125.0m $193.0m
Borrowings from repurchase agreements — — — — — — $0 $0 $656.0m $2.9b
Borrowings under financing arrangements ($21.0m) $1.8b $2.1b $5.5b $7.0b $272.0m $3.5b $1.5b $1.5b $2.6b
Collateral posted related to derivative instruments, net — — — — ($327.0m) $336.0m ($19.0m) ($56.0m) $73.0m ($149.0m)
Collateral received related to derivative instruments and reverse repurchase agreements, net — — — — — — ($6.0m) ($197.0m) $156.0m ($160.0m)
Equity Securities, FV-NI, Unrealized Gain (Loss) — — — — $1.6b ($46.0m) $79.0m ($128.0m) ($270.0m) $168.0m
Funds payable and amounts due to customers $3.0b $4.3b $1.6b $2.5b $10.6b $3.6b $1.5b $1.9b ($2.0b) $174.0m
Funds receivable ($1.1b) ($1.6b) $1.1b ($342.0m) ($1.6b) $193.0m ($2.8b) ($2.9b) $2.9b ($303.0m)
Gain (Loss) on Investments — — — $208.0m $1.9b $46.0m ($304.0m) $201.0m ($285.0m) $162.0m
General and Administrative Expense $1.0b $1.2b $1.5b $1.7b $2.1b $2.1b $2.1b $2.1b $2.1b $2.0b
Goodwill $4.1b $4.3b $6.3b $6.2b $9.1b $11.5b $11.2b $11.0b $10.8b $10.9b
Increase (Decrease) in Accounts Receivable $77.0m ($12.0m) $59.0m $120.0m $100.0m $222.0m $163.0m $114.0m ($85.0m) ($144.0m)
Increase (Decrease) in Other Operating Assets $145.0m $188.0m $112.0m $566.0m $498.0m $150.0m ($118.0m) ($203.0m) $8.0m $493.0m
Increase (Decrease) in Other Operating Liabilities $280.0m $1.6b $450.0m $722.0m $1.0b $406.0m $483.0m ($222.0m) $413.0m $599.0m
Maturities of reverse repurchase agreements — — — — — — $0 $0 $337.0m $288.0m
Net (gains) losses on strategic investments — — ($87.0m) ($208.0m) ($1.9b) ($46.0m) $304.0m ($201.0m) $285.0m ($162.0m)
Nonoperating Income (Expense) $45.0m $73.0m $182.0m $279.0m $1.8b ($163.0m) ($471.0m) $383.0m $4.0m $227.0m
Operating Expenses $9.3b $11.0b $13.3b $15.1b $18.2b $21.1b $23.7b $24.7b $26.5b $27.1b
Originations of loans receivable, held for sale — — — — — $0 $0 ($11.5b) ($24.5b) ($36.7b)
Other ($24.0m) ($25.0m) ($172.0m) ($150.0m) $47.0m $100.0m $205.0m ($104.0m) ($60.0m) ($6.0m)
Other current assets and non-current assets ($145.0m) ($188.0m) ($112.0m) ($566.0m) ($498.0m) ($150.0m) $118.0m $203.0m ($8.0m) ($493.0m)
Other current liabilities and non-current liabilities $280.0m $1.6b $450.0m $722.0m $1.0b $406.0m $483.0m ($222.0m) $413.0m $599.0m
Proceeds from Contributions from Parent $0 $0 — — — — — — — —
Proceeds from repayments and sales of loans receivable, originally classified as held for sale — — — — — $0 $0 $10.8b $24.4b $35.4b
Proceeds from sales of property and equipment $0 $0 $3.0m $17.0m $120.0m $5.0m $5.0m $45.0m $1.0m $3.0m
Provision for Loan, Lease, and Other Losses $1.1b $1.0b $1.3b — — — — — — —
Purchases and originations of loans receivable — — — — ($6.1b) ($13.4b) ($28.2b) ($25.2b) ($21.8b) ($20.2b)
Purchases of reverse repurchase agreements — — — — — — $0 $0 ($424.0m) ($201.0m)
Purchases of treasury stock ($995.0m) ($1.0b) ($3.5b) ($1.4b) ($1.6b) ($3.4b) ($4.2b) ($5.0b) ($6.0b) ($6.1b)
Repayments of repurchase agreements — — — — — — $0 $0 ($656.0m) ($2.9b)
Repayments under financing arrangements ($21.0m) ($980.0m) ($1.1b) ($2.5b) ($3.0b) ($361.0m) ($1.7b) ($1.1b) ($1.7b) ($2.2b)
Stock-based compensation $438.0m $733.0m $853.0m $1.0b $1.4b $1.4b $1.3b $1.5b $1.2b $1.0b
Tax withholdings related to net share settlements of equity awards ($118.0m) ($166.0m) ($419.0m) ($504.0m) ($521.0m) ($1.0b) ($336.0m) ($257.0m) ($351.0m) ($383.0m)
Transaction and credit losses — — $1.3b $1.4b $1.7b $1.1b $1.6b $1.7b $1.4b $1.7b
Transaction loss allowance for cash losses, net ($643.0m) ($817.0m) ($1.0b) ($1.1b) ($1.1b) ($1.2b) ($1.2b) ($1.2b) ($1.1b) ($1.3b)
Unrealized Gain (Loss) on Investments — — — $207.0m — — — — — —
Derivative, Gain (Loss) on Derivative, Net $195.0m ($37.0m) — — — — — — — —
Gain (Loss) on Sales of Loans, Net $24.0m $25.0m — — — — — — ($125.0m) ($193.0m)
Net Cash Provided by (Used in) Operating Activities $3.2b $2.5b $5.5b $4.6b $5.9b $6.3b $5.8b $4.8b $7.5b $6.4b
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $669.0m $667.0m $823.0m $704.0m $866.0m $908.0m $706.0m $623.0m $683.0m $852.0m
Payments to Acquire Businesses, Net of Cash Acquired $19.0m $323.0m $2.1b $70.0m $3.6b $2.8b $0 $0 — —
Payments to Acquire Investments $21.0b $19.4b $22.4b $27.9b $41.5b $40.1b — — $26.2b $20.4b
Purchases of investments ($21.0b) ($19.4b) ($22.4b) ($27.9b) ($41.5b) ($40.1b) ($20.2b) ($22.0b) ($26.2b) ($20.4b)
Maturities and sales of investments $18.4b $18.4b $21.9b $24.9b $30.9b $39.7b $23.4b $24.3b $27.0b $22.9b
Proceeds from repayments and sales of loans receivable, originally classified as held for investment — — — — — $11.8b $24.9b $26.7b $20.3b $19.7b
Proceeds from divestiture of business, net of cash divested — — — — — $0 $0 $466.0m $0 $0
Payments for (Proceeds from) Other Investing Activities — — — — — — ($187.0m) ($86.0m) ($159.0m) $21.0m
Net Cash Provided by (Used in) Investing Activities ($5.0b) ($5.4b) $840.0m ($5.7b) ($16.2b) ($5.5b) ($3.4b) $752.0m $1.6b $797.0m
Cash flows from financing activities:
Proceeds from Issuance of Common Stock $109.0m $144.0m $144.0m $138.0m $137.0m $162.0m $143.0m $127.0m $95.0m $117.0m
Payments for Repurchase of Common Stock $995.0m $1.0b $3.5b $1.4b $1.6b $3.4b $4.2b $5.0b $6.0b $6.1b
Dividends paid — — — — — — — — — $130.0m
Payments of Dividends — — — — — — — — — $130.0m
Payments of dividends to stockholders — — — — — — — $0 $0 ($130.0m)
Proceeds from (Payments for) Other Financing Activities — — — — ($52.0m) $0 $1.0m $0 ($60.0m) ($6.0m)
Net Cash Provided by (Used in) Financing Activities $2.0b $4.1b ($1.3b) $3.7b $12.5b ($764.0m) ($1.1b) ($3.0b) ($8.3b) ($6.0b)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $0 $36.0m ($113.0m) ($6.0m) $169.0m ($102.0m) ($155.0m) $76.0m ($207.0m) $273.0m
Effect of exchange rate changes on cash, cash equivalents, and restricted cash $0 $36.0m ($113.0m) ($6.0m) $169.0m ($102.0m) ($155.0m) $76.0m ($207.0m) $273.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $0 $36.0m $4.9b $2.5b $2.3b ($11.0m) $1.1b $2.7b $556.0m $1.5b
Cash and cash equivalents $1.6b $2.9b $7.6b $7.3b $4.8b $5.2b $7.8b $9.1b $6.6b $8.0b
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $0 $36.0m $13.2b $15.7b $18.0b $18.0b $19.2b $21.8b $22.4b $24.0b
Cash, cash equivalents, and restricted cash at beginning of period $6.1b $8.3b $13.2b $15.7b $18.0b $18.0b $19.2b $21.8b $22.4b $24.0b
Net change in cash, cash equivalents, and restricted cash ($708.0m) $2.2b $4.9b $2.5b $2.3b ($11.0m) $1.1b $2.7b $556.0m $1.5b
Restricted cash and cash equivalents — — $5.7b $8.4b $13.2b $12.8b $11.4b $12.8b $15.8b $16.0b
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $4.0m $6.0m $69.0m $78.0m $190.0m $231.0m $280.0m $331.0m $366.0m $406.0m
Income Taxes Paid, Net $48.0m $117.0m $328.0m $665.0m $565.0m $474.0m $878.0m $2.1b $1.0b $1.1b

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.