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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 6,659 $ 5,197
Short-term investments 4,190 4,303
Accounts receivable, net 889 800
Loans and interest receivable, net of allowances of $478 and $491 as of September 30, 2022 and December 31, 2021, respectively 6,002 4,846
Funds receivable and customer accounts 34,824 36,141
Prepaid expenses and other current assets 2,541 1,287
Total current assets 55,105 52,574
Long-term investments 5,215 6,797
Property and equipment, net 1,773 1,909
Goodwill 11,053 11,454
Intangible assets, net 855 1,332
Other assets 2,434 1,737
Total assets 76,435 75,803
Current liabilities:    
Accounts payable 114 197
Funds payable and amounts due to customers 37,824 38,841
Accrued expenses and other current liabilities 4,638 3,755
Income taxes payable 652 236
Total current liabilities 43,228 43,029
Deferred tax liability and other long-term liabilities 2,702 2,998
Long-term debt 10,241 8,049
Total liabilities 56,171 54,076
Commitments and contingencies
Equity:    
Common stock, $0.0001 par value; 4,000 shares authorized; 1,147 and 1,168 shares outstanding as of September 30, 2022 and December 31, 2021, respectively 0 0
Preferred stock, $0.0001 par value; 100 shares authorized, unissued 0 0
Treasury stock at cost, 161 and 132 shares as of September 30, 2022 and December 31, 2021, respectively (15,069) (11,880)
Additional paid-in-capital 17,981 17,208
Retained earnings 18,033 16,535
Accumulated other comprehensive income (loss) (681) (136)
Total PayPal stockholders’ equity 20,264 21,727
Total liabilities and equity $ 76,435 $ 75,803