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10-Q Filing

PayPal Holdings, Inc. CIK: 1633917 Q1 2017
Filing Information
Form Type 10-Q
Accession Number 0001633917-17-000075
Period End Date 20170331
Filing Date 20170427
Fiscal Year 2017
Fiscal Period Q1
XBRL Instance pypl-20170331.xml
Filing Contents
Balance Sheet 68 line items
Line Item Tag Value Unit Period
Allowance for doubtful accounts, loans and interest receivable AllowanceForNotesAndLoansReceivableCurrent $339.00M USD Point-in-time
Allowance for doubtful accounts, loans and interest receivable AllowanceForNotesAndLoansReceivableCurrent $364.00M USD Point-in-time
Common stock, par value (in usd per share) CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Common stock, par value (in usd per share) CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.39B USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 4.00B shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $2.58B USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 4.00B shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.59B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.24B USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 1.20B shares Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 1.21B shares Point-in-time
Short-term investments ShortTermInvestments $3.38B USD Point-in-time
Short-term investments ShortTermInvestments $2.81B USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $178.00M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $214.00M USD Point-in-time
Treasury stock, shares (in shares) TreasuryStockShares 27.00M shares Point-in-time
Treasury stock, shares (in shares) TreasuryStockShares 39.00M shares Point-in-time
Loans and interest receivable, net of allowances of $364 in 2017 and $339 in 2016 NotesAndLoansReceivableNetCurrent $5.35B USD Point-in-time
Loans and interest receivable, net of allowances of $364 in 2017 and $339 in 2016 NotesAndLoansReceivableNetCurrent $5.35B USD Point-in-time
Funds receivable and customer accounts FundsReceivableAndCustomerAccounts $14.94B USD Point-in-time
Funds receivable and customer accounts FundsReceivableAndCustomerAccounts $14.36B USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $897.00M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $833.00M USD Point-in-time
Total current assets AssetsCurrent $25.73B USD Point-in-time
Total current assets AssetsCurrent $25.43B USD Point-in-time
Long-term investments LongTermInvestments $1.54B USD Point-in-time
Long-term investments LongTermInvestments $2.33B USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $1.45B USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $1.48B USD Point-in-time
Goodwill Goodwill $4.06B USD Point-in-time
Goodwill Goodwill $4.06B USD Point-in-time
Intangible assets, net FiniteLivedIntangibleAssetsNet $184.00M USD Point-in-time
Intangible assets, net FiniteLivedIntangibleAssetsNet $211.00M USD Point-in-time
Other assets OtherAssetsNoncurrent $51.00M USD Point-in-time
Other assets OtherAssetsNoncurrent $79.00M USD Point-in-time
Total assets Assets $33.49B USD Point-in-time
Total assets Assets $33.10B USD Point-in-time
Accounts payable AccountsPayableCurrent $192.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $164.00M USD Point-in-time
Funds payable and amounts due to customers FundsPayableAndAmountsDueToCustomers $15.16B USD Point-in-time
Funds payable and amounts due to customers FundsPayableAndAmountsDueToCustomers $15.74B USD Point-in-time
Accrued expenses and other current liabilities AccruedLiabilitiesCurrent $1.46B USD Point-in-time
Accrued expenses and other current liabilities AccruedLiabilitiesCurrent $1.30B USD Point-in-time
Income taxes payable TaxesPayableCurrent $81.00M USD Point-in-time
Income taxes payable TaxesPayableCurrent $64.00M USD Point-in-time
Total current liabilities LiabilitiesCurrent $16.88B USD Point-in-time
Total current liabilities LiabilitiesCurrent $17.29B USD Point-in-time
Deferred tax liability and other long-term liabilities LiabilitiesOtherThanLongtermDebtNoncurrent $1.51B USD Point-in-time
Deferred tax liability and other long-term liabilities LiabilitiesOtherThanLongtermDebtNoncurrent $1.58B USD Point-in-time
Total liabilities Liabilities $18.39B USD Point-in-time
Total liabilities Liabilities $18.87B USD Point-in-time
Commitments and contingencies (Note 11) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 11) CommitmentsAndContingencies - USD Point-in-time
Common stock, $0.0001 par value; 4,000 shares authorized; 1,196 and 1,207 outstanding CommonStockValue - USD Point-in-time
Common stock, $0.0001 par value; 4,000 shares authorized; 1,196 and 1,207 outstanding CommonStockValue - USD Point-in-time
Treasury stock at cost, 39 and 27 shares TreasuryStockValue $1.51B USD Point-in-time
Treasury stock at cost, 39 and 27 shares TreasuryStockValue $995.00M USD Point-in-time
Additional paid-in-capital AdditionalPaidInCapital $13.58B USD Point-in-time
Additional paid-in-capital AdditionalPaidInCapital $13.72B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $2.07B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $2.41B USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $59.00M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $2.00M USD Point-in-time
Total equity StockholdersEquity $14.63B USD Point-in-time
Total equity StockholdersEquity $14.71B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $33.10B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $33.49B USD Point-in-time
Income Statement 37 line items
Line Item Tag Value Unit Period
Net revenues SalesRevenueNet $2.98B USD 1 Quarter
Net revenues SalesRevenueNet $2.54B USD 1 Quarter
Transaction expense TransactionExpense $752.00M USD 1 Quarter
Transaction expense TransactionExpense $987.00M USD 1 Quarter
Transaction and loan losses TransactionAndLoanLosses $255.00M USD 1 Quarter
Transaction and loan losses TransactionAndLoanLosses $300.00M USD 1 Quarter
Customer support and operations CustomerSupportAndOperationsExpense $317.00M USD 1 Quarter
Customer support and operations CustomerSupportAndOperationsExpense $296.00M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $233.00M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $238.00M USD 1 Quarter
Product development ResearchAndDevelopmentExpense $195.00M USD 1 Quarter
Product development ResearchAndDevelopmentExpense $214.00M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $265.00M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $231.00M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $175.00M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $183.00M USD 1 Quarter
Restructuring RestructuringCharges - USD 1 Quarter
Total operating expenses OperatingExpenses $2.54B USD 1 Quarter
Total operating expenses OperatingExpenses $2.14B USD 1 Quarter
Operating income OperatingIncomeLoss $431.00M USD 1 Quarter
Operating income OperatingIncomeLoss $407.00M USD 1 Quarter
Other income (expense), net NonoperatingIncomeExpense $7.00M USD 1 Quarter
Other income (expense), net NonoperatingIncomeExpense $15.00M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $422.00M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $438.00M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $57.00M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $54.00M USD 1 Quarter
Net income NetIncomeLoss $384.00M USD 1 Quarter
Net income NetIncomeLoss $365.00M USD 1 Quarter
Basic (in usd per share) EarningsPerShareBasic $0.32 USD 1 Quarter
Basic (in usd per share) EarningsPerShareBasic $0.30 USD 1 Quarter
Diluted (in usd per share) EarningsPerShareDiluted $0.32 USD 1 Quarter
Diluted (in usd per share) EarningsPerShareDiluted $0.30 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 1.20B shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 1.22B shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 1.22B shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 1.23B shares 1 Quarter
Cash Flow Statement 70 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $384.00M USD 1 Quarter
Net income NetIncomeLoss $365.00M USD 1 Quarter
Transaction and loan losses TransactionAndLoanLosses $255.00M USD 1 Quarter
Transaction and loan losses TransactionAndLoanLosses $300.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $183.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $174.00M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $145.00M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $95.00M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $53.00M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $22.00M USD 1 Quarter
Excess tax benefits from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationOperatingActivities - USD 1 Quarter
Excess tax benefits from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $1.00M USD 1 Quarter
Gain on sale of principal loans receivable held for sale, net GainLossOnSalesOfLoansNet $6.00M USD 1 Quarter
Gain on sale of principal loans receivable held for sale, net GainLossOnSalesOfLoansNet $6.00M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $22.00M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-36.00M USD 1 Quarter
Principal loans receivable held for sale, net IncreaseDecreaseInLoansHeldForSale $-6.00M USD 1 Quarter
Principal loans receivable held for sale, net IncreaseDecreaseInLoansHeldForSale $-6.00M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayableTrade $-1.00M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayableTrade $13.00M USD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $17.00M USD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $-5.00M USD 1 Quarter
Other assets and liabilities IncreaseDecreaseInOtherOperatingCapitalNet $366.00M USD 1 Quarter
Other assets and liabilities IncreaseDecreaseInOtherOperatingCapitalNet $158.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $738.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $751.00M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $133.00M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $148.00M USD 1 Quarter
Changes in principal loans receivable, net PaymentsForProceedsFromLoansReceivable $136.00M USD 1 Quarter
Changes in principal loans receivable, net PaymentsForProceedsFromLoansReceivable $120.00M USD 1 Quarter
Purchases of investments PaymentsToAcquireInvestments $7.11B USD 1 Quarter
Purchases of investments PaymentsToAcquireInvestments $4.09B USD 1 Quarter
Maturities and sales of investments ProceedsFromSaleAndMaturityOfMarketableSecurities $5.58B USD 1 Quarter
Maturities and sales of investments ProceedsFromSaleAndMaturityOfMarketableSecurities $4.20B USD 1 Quarter
Acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $19.00M USD 1 Quarter
Acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired - USD 1 Quarter
Funds receivable and customer accounts IncreaseDecreaseInFundsReceivableAndCustomerAccountsInvestingActivities $-492.00M USD 1 Quarter
Funds receivable and customer accounts IncreaseDecreaseInFundsReceivableAndCustomerAccountsInvestingActivities $-754.00M USD 1 Quarter
Net cash (used in) and provided by investing activities NetCashProvidedByUsedInInvestingActivities $-1.06B USD 1 Quarter
Net cash (used in) and provided by investing activities NetCashProvidedByUsedInInvestingActivities $325.00M USD 1 Quarter
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $6.00M USD 1 Quarter
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $12.00M USD 1 Quarter
Purchases of treasury stock PaymentsForRepurchaseOfCommonStock $596.00M USD 1 Quarter
Purchases of treasury stock PaymentsForRepurchaseOfCommonStock $517.00M USD 1 Quarter
Excess tax benefits from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities - USD 1 Quarter
Excess tax benefits from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $1.00M USD 1 Quarter
Tax withholdings related to net share settlements of equity awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $101.00M USD 1 Quarter
Tax withholdings related to net share settlements of equity awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $15.00M USD 1 Quarter
Repayments under financing arrangements, net ProceedsFromRepaymentsOfDebt - USD 1 Quarter
Repayments under financing arrangements, net ProceedsFromRepaymentsOfDebt $-21.00M USD 1 Quarter
Funds payable and amounts due to customers IncreaseDecreaseInFundsPayableAndAmountsDueToCustomers $738.00M USD 1 Quarter
Funds payable and amounts due to customers IncreaseDecreaseInFundsPayableAndAmountsDueToCustomers $552.00M USD 1 Quarter
Net cash (used in) and provided by financing activities NetCashProvidedByUsedInFinancingActivities $-54.00M USD 1 Quarter
Net cash (used in) and provided by financing activities NetCashProvidedByUsedInFinancingActivities $113.00M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $11.00M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $14.00M USD 1 Quarter
Net change in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-350.00M USD 1 Quarter
Net change in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $1.19B USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $1.39B USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $2.58B USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $1.59B USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $1.24B USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $1.39B USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $2.58B USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $1.59B USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $1.24B USD Point-in-time
Cash paid for interest InterestPaid $1.00M USD 1 Quarter
Cash paid for interest InterestPaid $1.00M USD 1 Quarter
Cash paid for income taxes IncomeTaxesPaid $48.00M USD 1 Quarter
Cash paid for income taxes IncomeTaxesPaid $24.00M USD 1 Quarter
Comprehensive Income 16 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $384.00M USD 1 Quarter
Net income NetIncomeLoss $365.00M USD 1 Quarter
Foreign currency translation OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax $8.00M USD 1 Quarter
Foreign currency translation OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax $13.00M USD 1 Quarter
Unrealized gains (losses) on investments, net OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax $12.00M USD 1 Quarter
Unrealized gains (losses) on investments, net OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax $1.00M USD 1 Quarter
Tax (expense) benefit on unrealized gains (losses) on investments, net OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax - USD 1 Quarter
Tax (expense) benefit on unrealized gains (losses) on investments, net OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax $2.00M USD 1 Quarter
Unrealized gains (losses) on hedging activities, net OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax $-72.00M USD 1 Quarter
Unrealized gains (losses) on hedging activities, net OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax $-36.00M USD 1 Quarter
Tax (expense) benefit on unrealized gains (losses) on hedging activities, net OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax $-1.00M USD 1 Quarter
Tax (expense) benefit on unrealized gains (losses) on hedging activities, net OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax - USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-18.00M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-57.00M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $347.00M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $327.00M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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