PayPal Holdings, Inc. (PYPL) FY2025 Q1 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2025-01-01 to 2025-03-31

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PayPal Holdings, Inc. cash flow reconciliation, Jan 1, 2025 through Mar 31, 2025One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income (loss) → Net cash from operating activities: $1,160,000,000.00Net income (loss) → Operating adjustments reconciliation: $127,000,000.00Proceeds from repayments and sales of loans receivable, originally classified as held for sale → Operating adjustments reconciliation: $6,445,000,000.00Transaction and credit losses → Operating adjustments reconciliation: $371,000,000.00Stock-based compensation → Operating adjustments reconciliation: $249,000,000.00Depreciation and amortization → Operating adjustments reconciliation: $245,000,000.00Adjustments to loans and interest receivable, held for sale → Operating adjustments reconciliation: $25,000,000.00Operating adjustments reconciliation → Originations of loans receivable, held for sale: $6,629,000,000.00Operating adjustments reconciliation → Other assets and liabilities: $526,000,000.00Operating adjustments reconciliation → Accounts receivable: $98,000,000.00Operating adjustments reconciliation → Other: $73,000,000.00Operating adjustments reconciliation → Accounts payable: $52,000,000.00Operating adjustments reconciliation → Net (gains) losses on strategic investments: $48,000,000.00Operating adjustments reconciliation → Accretion of discounts on investments, net of amortization of premiums: $30,000,000.00Operating adjustments reconciliation → Deferred income taxes: $6,000,000.00Borrowings under financing arrangements → financing reconciliation: $1,491,000,000.00Funds payable and amounts due to customers → financing reconciliation: $1,417,000,000.00financing reconciliation → Net cash from financing activities: $994,000,000.00financing reconciliation → Purchases of treasury stock: $1,500,000,000.00financing reconciliation → Tax withholdings related to net share settlements of equity awards: $277,000,000.00financing reconciliation → Collateral received related to derivative instruments and reverse repurchase agreements, net: $135,000,000.00financing reconciliation → Other: $2,000,000.00Net cash used in investing activities → investing reconciliation: $3,657,000,000.00Proceeds from repayments and sales of loans receivable, originally classified as held for investment → investing reconciliation: $5,477,000,000.00Maturities and sales of investments → investing reconciliation: $5,465,000,000.00Maturities of reverse repurchase agreements → investing reconciliation: $87,000,000.00Proceeds from sales of property and equipment → investing reconciliation: $2,000,000.00investing reconciliation → Purchases of investments: $5,970,000,000.00investing reconciliation → Purchases and originations of loans receivable: $5,508,000,000.00investing reconciliation → Funds receivable: $2,741,000,000.00investing reconciliation → Purchases of reverse repurchase agreements: $200,000,000.00investing reconciliation → Purchases of property and equipment: $196,000,000.00investing reconciliation → Collateral posted related to derivative instruments, net: $53,000,000.00investing reconciliation → Other: $20,000,000.00Exchange-rate effect → Cash sources and uses: $94,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $22,390,000,000.00Net cash from operating activities → Cash sources and uses: $1,160,000,000.00Net cash from financing activities → Cash sources and uses: $994,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $20,981,000,000.00Cash sources and uses → Net cash used in investing activities: $3,657,000,000.00Accounts receivable: -$98,000,000.00Accounts receivable−$98.00 MAccounts payable: -$52,000,000.00Trade payables−$52.00 MOther assets and liabilities: -$526,000,000.00Other working capital, net−$526.00 MTransaction and credit losses: $371,000,000.00Transaction and credit losses+$371.00 MDepreciation and amortization: $245,000,000.00Depreciation & amortization+$245.00 MStock-based compensation: $249,000,000.00Stock-based compensation+$249.00 MDeferred income taxes: -$6,000,000.00Deferred income taxes−$6.00 MNet income (loss): $1,287,000,000.00Net income (loss)+$1.29 BOther: -$73,000,000.00Other non-cash items−$73.00 MNet (gains) losses on strategic investments: -$48,000,000.00Investment gain & loss−$48.00 MOriginations of loans receivable, held for sale: -$6,629,000,000.00Loan originations for sale−$6.63 BAdjustments to loans and interest receivable, held for sale: $25,000,000.00Loan sale gain & loss+$25.00 MAccretion of discounts on investments, net of amortization of premiums: -$30,000,000.00Investment discount & premium−$30.00 MProceeds from repayments and sales of loans receivable, originally classified as held for sale: $6,445,000,000.00Held-for-sale loan proceeds+$6.45 BNet cash from operating activities: $1,160,000,000.00Operating cash+$1.16 BOperating adjustments reconciliation: $7,462,000,000.00Collateral received related to derivative instruments and reverse repurchase agreements, net: -$135,000,000.00Derivative/repo collateral, net−$135.00 MOther: -$2,000,000.00Other financing, net−$2.00 MBorrowings under financing arrangements: $1,491,000,000.00Debt issued+$1.49 BPurchases of treasury stock: -$1,500,000,000.00Common stock repurchases−$1.50 BTax withholdings related to net share settlements of equity awards: -$277,000,000.00Stock-award tax withholding−$277.00 MBorrowings from repurchase agreements: $0.00Repayments under financing arrangements: $0.00Funds payable and amounts due to customers: $1,417,000,000.00Customer funds payable+$1.42 BRepayments of repurchase agreements: $0.00Net cash from financing activities: $994,000,000.00Financing cash+$994.00 Mfinancing reconciliation: $2,908,000,000.00Purchases of investments: -$5,970,000,000.00Investment purchases−$5.97 BMaturities and sales of investments: $5,465,000,000.00Investment maturities & sales+$5.47 BMaturities of reverse repurchase agreements: $87,000,000.00Reverse repo maturities+$87.00 MPurchases and originations of loans receivable: -$5,508,000,000.00Loan purchases & originations−$5.51 BProceeds from repayments and sales of loans receivable, originally classified as held for investment: $5,477,000,000.00Loan sales & repayments+$5.48 BProceeds from sales of property and equipment: $2,000,000.00PP&E sales+$2.00 MCollateral posted related to derivative instruments, net: -$53,000,000.00Derivative collateral paid, net−$53.00 MFunds receivable: -$2,741,000,000.00Funds receivable−$2.74 BOther: -$20,000,000.00Other investing, net−$20.00 MPurchases of reverse repurchase agreements: -$200,000,000.00Reverse repo purchases−$200.00 MPurchases of property and equipment: -$196,000,000.00PP&E purchases−$196.00 MNet cash used in investing activities: -$3,657,000,000.00. Cash required to fund net payments.Investing cash−$3.66 Binvesting reconciliation: $14,688,000,000.00Cash sources and uses: $24,638,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $22,390,000,000.00Beginning cash$22.39 BEnding cash: Cash, cash equivalents, and restricted cash: $20,981,000,000.00Ending cash$20.98 BExchange-rate effect: $94,000,000.00FX effect+$94.00 MCASH RECONCILIATIONOperatingflowsFinancingflowsInvestingflowsFree cash flow$964.00 MOperating cash − cash spent on PP&ECash flow / Net income0.90×Operating cash flow ÷ net incomeNet cash change−$1.41 BEnding cash − beginning cash
Chart details

PayPal Holdings, Inc. cash flow reconciliation, Jan 1, 2025 through Mar 31, 2025

Cash flows for Jan 1, 2025 through Mar 31, 2025. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2024. Ending cash: Mar 31, 2025. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2024
22,390,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
1,160,000,000 US dollars. Net cash provided.
Net income (loss)
1,287,000,000 US dollars
Accounts receivable
negative 98,000,000 US dollars
Accounts payable
negative 52,000,000 US dollars
Other assets and liabilities
negative 526,000,000 US dollars
Transaction and credit losses
371,000,000 US dollars
Depreciation and amortization
245,000,000 US dollars
Stock-based compensation
249,000,000 US dollars
Deferred income taxes
negative 6,000,000 US dollars
Other
negative 73,000,000 US dollars
Net (gains) losses on strategic investments
negative 48,000,000 US dollars
Originations of loans receivable, held for sale
negative 6,629,000,000 US dollars
Adjustments to loans and interest receivable, held for sale
25,000,000 US dollars
Accretion of discounts on investments, net of amortization of premiums
negative 30,000,000 US dollars
Proceeds from repayments and sales of loans receivable, originally classified as held for sale
6,445,000,000 US dollars
Investing activities
negative 3,657,000,000 US dollars. Net cash used.
Purchases of investments
negative 5,970,000,000 US dollars
Maturities and sales of investments
5,465,000,000 US dollars
Maturities of reverse repurchase agreements
87,000,000 US dollars
Purchases and originations of loans receivable
negative 5,508,000,000 US dollars
Proceeds from repayments and sales of loans receivable, originally classified as held for investment
5,477,000,000 US dollars
Proceeds from sales of property and equipment
2,000,000 US dollars
Collateral posted related to derivative instruments, net
negative 53,000,000 US dollars
Funds receivable
negative 2,741,000,000 US dollars
Other
negative 20,000,000 US dollars
Purchases of reverse repurchase agreements
negative 200,000,000 US dollars
Purchases of property and equipment
negative 196,000,000 US dollars
Financing activities
994,000,000 US dollars. Net cash provided.
Collateral received related to derivative instruments and reverse repurchase agreements, net
negative 135,000,000 US dollars
Other
negative 2,000,000 US dollars
Borrowings under financing arrangements
1,491,000,000 US dollars
Purchases of treasury stock
negative 1,500,000,000 US dollars
Tax withholdings related to net share settlements of equity awards
negative 277,000,000 US dollars
Borrowings from repurchase agreements
0 US dollars
Repayments under financing arrangements
0 US dollars
Funds payable and amounts due to customers
1,417,000,000 US dollars
Repayments of repurchase agreements
0 US dollars
Operating adjustment reconciliation
7,462,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
2,908,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
14,688,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
94,000,000 US dollars
Ending cash on Mar 31, 2025
20,981,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
24,638,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 1,409,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
0.90×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
1,160,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
196,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
964,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income exceeds operating cash. The diagram allocates $1.16B of net income directly to operating cash and $127.00M to the adjustment junction, where it combines with other additions to reconcile deductions. This is an accounting presentation, not a tracing of cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 1,160,000,000 US dollars minus 196,000,000 US dollars equals 964,000,000 US dollars.
PayPal Holdings, Inc. (PYPL) FY2025 Q1 Statement of Cash Flows Sankey chart
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