v3.25.0.1
CONSOLIDATED STATEMENT OF CASH FLOWS
$ in Millions
 12 Months Ended
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Cash flows from operating activities:      
Net income (loss) $ 1,975 $ 2,767 $ (1,269)
(Income) loss from discontinued operations, net of income taxes 6 8 (5)
Adjustments:      
Provision for transaction losses 353 360 332
Depreciation and amortization 324 403 442
Stock-based compensation 588 575 494
Loss on investments and other, net 8 (5) 21
Deferred income taxes (874) 255 (780)
Change in fair value of warrant (158) (150) 230
Changes in assets and liabilities, net of acquisition effects      
Other current assets 67 (319) (33)
Other non-current assets 37 474 20
Accounts payable (8) 15 6
Accrued expenses and other liabilities (644) (212) (410)
Income taxes payable and other tax liabilities 514 (52) 40
Net cash provided by continuing operating activities 2,414 2,431 2,627
Net cash used in discontinued operating activities 0 (5) (373)
Net cash provided by operating activities 2,414 2,426 2,254
Cash flows from investing activities:      
Purchases of property and equipment (458) (456) (449)
Purchases of investments (13,855) (13,874) (18,534)
Maturities of investments 12,306 14,502 20,626
Exercise of options under warrant (108) 0 0
Acquisition of TCGplayer, net of cash acquired 0 0 (208)
Other (13) (38) (71)
Net cash provided by continuing investing activities 2,213 240 2,459
Net cash provided by discontinued investing activities 0 0 2
Net cash provided by investing activities 2,213 240 2,461
Cash flows from financing activities:      
Proceeds from issuance of common stock 92 83 87
Repurchases of common stock (3,149) (1,401) (3,143)
Payments for taxes related to net share settlements of restricted stock units and awards (188) (171) (160)
Payments for dividends (533) (528) (489)
Proceeds from issuance of long-term debt, net 0 0 1,143
Repayment of debt (750) (1,150) (1,355)
Borrowings under commercial paper program 441 0 0
Net funds receivable and payable activity 305 717 125
Other (24) 0 0
Net cash used in financing activities (3,806) (2,450) (3,792)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (28) 5 (57)
Net increase in cash, cash equivalents and restricted cash 793 221 866
Cash, cash equivalents and restricted cash at beginning of period 2,493 2,272 1,406
Cash, cash equivalents and restricted cash at end of period 3,286 2,493 2,272
Cash paid for:      
Interest 264 275 244
Income taxes 722 746 540
Cash and cash equivalents 2,433 1,985 2,154
Customer accounts (including restricted cash of $238, $0 and $0, respectively) 763 481 69
Restricted cash included in other current assets 88 23 36
Restricted cash included in other assets 2 4 13
Cash, cash equivalents and restricted cash 3,286 2,493 2,272
Adevinta      
Adjustments:      
Change in fair value of equity investment 156 (1,782) 2,691
Cash flows from investing activities:      
Proceeds from sale of shares 2,410 0 8
Adyen      
Adjustments:      
Change in fair value of equity investment 57 0 261
Cash flows from investing activities:      
Proceeds from sale of shares 573 0 800
Aurelia      
Cash flows from investing activities:      
Proceeds from sale of shares 1,036 0 0
GMarket      
Adjustments:      
Change in fair value of equity investment 13 96 294
Cash flows from investing activities:      
Proceeds from sale of shares 322 0 0
Kakao Bank      
Adjustments:      
Change in fair value of equity investment 0 (2) 293
Cash flows from investing activities:      
Proceeds from sale of shares $ 0 $ 106 $ 287