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10-Q Filing

PayPal Holdings, Inc. CIK: 1633917 Q1 2018
Filing Information
Form Type 10-Q
Accession Number 0001633917-18-000096
Period End Date 20180331
Filing Date 20180426
Fiscal Year 2018
Fiscal Period Q1
XBRL Instance pypl-20180331.xml
Filing Contents
Balance Sheet 71 line items
Line Item Tag Value Unit Period
Allowance for doubtful accounts, loans and interest receivable AllowanceForNotesAndLoansReceivableCurrent $139.00M USD Point-in-time
Allowance for doubtful accounts, loans and interest receivable AllowanceForNotesAndLoansReceivableCurrent $129.00M 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
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 4.00B shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $2.88B USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 4.00B shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.24B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $2.88B USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 1.20B shares Point-in-time
Short-term investments ShortTermInvestments $2.81B USD Point-in-time
Short-term investments ShortTermInvestments $3.43B USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 1.18B shares Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $283.00M USD Point-in-time
Treasury stock, shares (in shares) TreasuryStockShares 47.00M shares Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $258.00M USD Point-in-time
Treasury stock, shares (in shares) TreasuryStockShares 71.00M shares Point-in-time
Loans and interest receivable, net of allowances of $139 and $129 as of March 31, 2018 and December 31, 2017, respectively NotesAndLoansReceivableNetCurrent $1.31B USD Point-in-time
Loans and interest receivable, net of allowances of $139 and $129 as of March 31, 2018 and December 31, 2017, respectively NotesAndLoansReceivableNetCurrent $1.58B USD Point-in-time
Loans and interest receivable, held for sale ReceivablesHeldForSaleAmount $6.40B USD Point-in-time
Loans and interest receivable, held for sale ReceivablesHeldForSaleAmount $6.54B USD Point-in-time
Funds receivable and customer accounts FundsReceivableAndCustomerAccounts $18.24B USD Point-in-time
Funds receivable and customer accounts FundsReceivableAndCustomerAccounts $19.16B USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $713.00M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $900.00M USD Point-in-time
Total current assets AssetsCurrent $32.65B USD Point-in-time
Total current assets AssetsCurrent $34.74B USD Point-in-time
Long-term investments LongTermInvestments $1.96B USD Point-in-time
Long-term investments LongTermInvestments $1.49B USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $1.53B USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $1.52B USD Point-in-time
Goodwill Goodwill $4.34B USD Point-in-time
Goodwill Goodwill $4.34B USD Point-in-time
Intangible assets, net FiniteLivedIntangibleAssetsNet $138.00M USD Point-in-time
Intangible assets, net FiniteLivedIntangibleAssetsNet $168.00M USD Point-in-time
Other assets OtherAssetsNoncurrent $94.00M USD Point-in-time
Other assets OtherAssetsNoncurrent $133.00M USD Point-in-time
Total assets Assets $42.32B USD Point-in-time
Total assets Assets $40.77B USD Point-in-time
Accounts payable AccountsPayableCurrent $257.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $187.00M USD Point-in-time
Notes payable NotesPayableCurrent $3.00B USD Point-in-time
Notes payable NotesPayableCurrent $1.00B USD Point-in-time
Funds payable and amounts due to customers FundsPayableAndAmountsDueToCustomers $19.74B USD Point-in-time
Funds payable and amounts due to customers FundsPayableAndAmountsDueToCustomers $20.66B USD Point-in-time
Accrued expenses and other current liabilities AccruedLiabilitiesCurrent $1.78B USD Point-in-time
Accrued expenses and other current liabilities AccruedLiabilitiesCurrent $1.77B USD Point-in-time
Income taxes payable TaxesPayableCurrent $98.00M USD Point-in-time
Income taxes payable TaxesPayableCurrent $83.00M USD Point-in-time
Total current liabilities LiabilitiesCurrent $22.86B USD Point-in-time
Total current liabilities LiabilitiesCurrent $25.71B USD Point-in-time
Deferred tax liability and other long-term liabilities LiabilitiesOtherThanLongtermDebtNoncurrent $1.92B USD Point-in-time
Deferred tax liability and other long-term liabilities LiabilitiesOtherThanLongtermDebtNoncurrent $1.97B USD Point-in-time
Total liabilities Liabilities $27.68B USD Point-in-time
Total liabilities Liabilities $24.78B USD Point-in-time
Commitments and Contingencies (Note 13) CommitmentsAndContingencies - USD Point-in-time
Commitments and Contingencies (Note 13) CommitmentsAndContingencies - USD Point-in-time
Common stock, $0.0001 par value; 4,000 shares authorized; 1,183 and 1,200 shares outstanding as of March 31, 2018 and December 31, 2017, respectively CommonStockValue - USD Point-in-time
Common stock, $0.0001 par value; 4,000 shares authorized; 1,183 and 1,200 shares outstanding as of March 31, 2018 and December 31, 2017, respectively CommonStockValue - USD Point-in-time
Treasury stock at cost, 71 and 47 shares as of March 31, 2018 and December 31, 2017, respectively TreasuryStockValue $2.00B USD Point-in-time
Treasury stock at cost, 71 and 47 shares as of March 31, 2018 and December 31, 2017, respectively TreasuryStockValue $3.81B USD Point-in-time
Additional paid-in-capital AdditionalPaidInCapital $14.29B USD Point-in-time
Additional paid-in-capital AdditionalPaidInCapital $14.31B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $4.33B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $3.82B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-169.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-142.00M USD Point-in-time
Total equity StockholdersEquity $15.99B USD Point-in-time
Total equity StockholdersEquity $14.64B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $40.77B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $42.32B USD Point-in-time
Income Statement 38 line items
Line Item Tag Value Unit Period
Net revenues SalesRevenueNet $2.98B USD 1 Quarter
Net revenues SalesRevenueNet $3.69B USD 1 Quarter
Transaction expense TransactionExpense $1.27B USD 1 Quarter
Transaction expense TransactionExpense $987.00M USD 1 Quarter
Transaction and loan losses TransactionAndLoanLosses $300.00M USD 1 Quarter
Transaction and loan losses TransactionAndLoanLosses $305.00M USD 1 Quarter
Customer support and operations CustomerSupportAndOperationsExpense $317.00M USD 1 Quarter
Customer support and operations CustomerSupportAndOperationsExpense $351.00M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $285.00M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $238.00M USD 1 Quarter
Product development ResearchAndDevelopmentExpense $214.00M USD 1 Quarter
Product development ResearchAndDevelopmentExpense $258.00M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $339.00M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $265.00M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $183.00M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $185.00M USD 1 Quarter
Restructuring and other charges OtherCostAndExpenseOperating $153.00M USD 1 Quarter
Restructuring and other charges OtherCostAndExpenseOperating $40.00M USD 1 Quarter
Total operating expenses OperatingExpenses $3.15B USD 1 Quarter
Total operating expenses OperatingExpenses $2.54B USD 1 Quarter
Operating income OperatingIncomeLoss $431.00M USD 1 Quarter
Operating income OperatingIncomeLoss $534.00M USD 1 Quarter
Other income (expense), net NonoperatingIncomeExpense $14.00M USD 1 Quarter
Other income (expense), net NonoperatingIncomeExpense $7.00M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $548.00M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $438.00M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $37.00M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $54.00M USD 1 Quarter
Net income NetIncomeLoss $511.00M USD 1 Quarter
Net income NetIncomeLoss $384.00M USD 1 Quarter
Basic (in usd per share) EarningsPerShareBasic $0.43 USD 1 Quarter
Basic (in usd per share) EarningsPerShareBasic $0.32 USD 1 Quarter
Diluted (in usd per share) EarningsPerShareDiluted $0.42 USD 1 Quarter
Diluted (in usd per share) EarningsPerShareDiluted $0.32 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 1.19B shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 1.20B shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 1.22B shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 1.22B shares 1 Quarter
Cash Flow Statement 70 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $511.00M USD 1 Quarter
Net income NetIncomeLoss $384.00M USD 1 Quarter
Transaction and loan losses TransactionAndLoanLosses $300.00M USD 1 Quarter
Transaction and loan losses TransactionAndLoanLosses $305.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $183.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $185.00M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $145.00M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $205.00M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $91.00M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $53.00M USD 1 Quarter
Gain on sale of principal loans receivable held for sale, net GainLossOnSalesOfLoansNet $5.00M USD 1 Quarter
Gain on sale of principal loans receivable held for sale, net GainLossOnSalesOfLoansNet $6.00M USD 1 Quarter
Cost basis adjustments to loans and interest receivable held for sale OtherNoncashExpense - USD 1 Quarter
Cost basis adjustments to loans and interest receivable held for sale OtherNoncashExpense $128.00M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-25.00M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-36.00M USD 1 Quarter
Changes in loans and interest receivable held for sale, net IncreaseDecreaseInLoansHeldForSale $-6.00M USD 1 Quarter
Changes in loans and interest receivable held for sale, net IncreaseDecreaseInLoansHeldForSale $1.29B USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayableTrade $-1.00M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayableTrade $-35.00M USD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable - USD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $17.00M USD 1 Quarter
Other assets and liabilities IncreaseDecreaseInOtherOperatingCapitalNet $366.00M USD 1 Quarter
Other assets and liabilities IncreaseDecreaseInOtherOperatingCapitalNet $468.00M USD 1 Quarter
Net cash (used in) provided by operating activities NetCashProvidedByUsedInOperatingActivities $751.00M USD 1 Quarter
Net cash (used in) provided by operating activities NetCashProvidedByUsedInOperatingActivities $-349.00M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $178.00M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $148.00M USD 1 Quarter
Changes in principal loans receivable, net PaymentsForProceedsFromLoansReceivable $-738.00M USD 1 Quarter
Changes in principal loans receivable, net PaymentsForProceedsFromLoansReceivable $136.00M USD 1 Quarter
Purchases of investments PaymentsToAcquireInvestments $7.11B USD 1 Quarter
Purchases of investments PaymentsToAcquireInvestments $5.28B USD 1 Quarter
Maturities and sales of investments ProceedsFromSaleAndMaturityOfMarketableSecurities $4.29B USD 1 Quarter
Maturities and sales of investments ProceedsFromSaleAndMaturityOfMarketableSecurities $5.58B USD 1 Quarter
Funds receivable IncreaseDecreaseInFundsReceivableInvestingActivities $-567.00M USD 1 Quarter
Funds receivable IncreaseDecreaseInFundsReceivableInvestingActivities $-429.00M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $5.00M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-1.24B USD 1 Quarter
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $12.00M USD 1 Quarter
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $13.00M USD 1 Quarter
Purchases of treasury stock PaymentsForRepurchaseOfCommonStock $517.00M USD 1 Quarter
Purchases of treasury stock PaymentsForRepurchaseOfCommonStock $1.82B USD 1 Quarter
Tax withholdings related to net share settlements of equity awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $335.00M USD 1 Quarter
Tax withholdings related to net share settlements of equity awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $101.00M USD 1 Quarter
Borrowings under financing arrangements, net of repayments ProceedsFromRepaymentsOfDebt $2.08B USD 1 Quarter
Borrowings under financing arrangements, net of repayments ProceedsFromRepaymentsOfDebt - USD 1 Quarter
Funds payable and amounts due to customers IncreaseDecreaseInFundsPayableAndAmountsDueToCustomers $552.00M USD 1 Quarter
Funds payable and amounts due to customers IncreaseDecreaseInFundsPayableAndAmountsDueToCustomers $865.00M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $793.00M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-54.00M USD 1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $11.00M USD 1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-7.00M USD 1 Quarter
Net change in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-535.00M USD 1 Quarter
Net change in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $442.00M USD 1 Quarter
Cash, cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $8.29B USD Point-in-time
Cash, cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $8.73B USD Point-in-time
Cash, cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $5.58B USD Point-in-time
Cash, cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $6.12B USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $8.29B USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $8.73B USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $5.58B USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $6.12B USD Point-in-time
Cash paid for interest InterestPaid $1.00M USD 1 Quarter
Cash paid for interest InterestPaid $8.00M USD 1 Quarter
Refund received for income taxes, net ProceedsFromIncomeTaxRefunds $6.00M USD 1 Quarter
Cash paid for income taxes, net IncomeTaxesPaid $48.00M USD 1 Quarter
Total cash, cash equivalents and restricted cash shown in the condensed consolidated statements of cash flows CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $8.29B USD Point-in-time
Total cash, cash equivalents and restricted cash shown in the condensed consolidated statements of cash flows CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $8.73B USD Point-in-time
Total cash, cash equivalents and restricted cash shown in the condensed consolidated statements of cash flows CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $5.58B USD Point-in-time
Total cash, cash equivalents and restricted cash shown in the condensed consolidated statements of cash flows CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $6.12B USD Point-in-time
Comprehensive Income 16 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $511.00M USD 1 Quarter
Net income NetIncomeLoss $384.00M USD 1 Quarter
Foreign currency translation OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax $2.00M USD 1 Quarter
Foreign currency translation OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax $13.00M USD 1 Quarter
Unrealized (losses) gains on investments, net OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax $1.00M USD 1 Quarter
Unrealized (losses) gains on investments, net OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax $-15.00M USD 1 Quarter
Tax benefit (expense) on unrealized (losses) gains on investments, net OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax $-4.00M USD 1 Quarter
Tax benefit (expense) on unrealized (losses) gains on investments, net OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax - USD 1 Quarter
Unrealized (losses) gains on hedging activities, net OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax $-72.00M USD 1 Quarter
Unrealized (losses) gains on hedging activities, net OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax $-18.00M USD 1 Quarter
Tax benefit (expense) on unrealized (losses) gains on hedging activities, net OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax - USD 1 Quarter
Tax benefit (expense) on unrealized (losses) gains on hedging activities, net OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax $-1.00M USD 1 Quarter
Other comprehensive (loss) income, net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-27.00M USD 1 Quarter
Other comprehensive (loss) income, net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-57.00M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $327.00M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $484.00M USD 1 Quarter

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

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