Cash flow PayPal Holdings, Inc.

Equities

PYPL

US70450Y1038

Business Support Services

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74.64 ^USD	-1.41%		-2.20%	-12.71%

07-09	Payments Companies Poised for Second-Quarter Beats Amid Resilient Consumer Spending, RBC Says	MT
06-27	Alex Chriss: Pay with Venmo Grew 50% Last Quarter	MT

c17791688406a9bed23f1268cb.2dOhLdY6f-Qqlgks9dduUbRkrTQpi93wi4kdUYTW3Bc.75DCdYcXN4hJ3V5HtuQfPf0l4kRH04iq0chcOeqOuGGP5JRP-102rFv5UA

Published financial data: PAYPAL HOLDINGS, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	21.45B	25.37B	27.52B	29.77B	31.8B
Total Revenues	21.45B	25.37B	27.52B	29.77B	31.8B
Cost of Goods Sold, Total	11.45B	13.45B	15.86B	17.99B	18.91B
Gross Profit	10B	11.92B	11.65B	11.78B	12.89B
Selling General & Admin Expenses, Total	3.93B	4.56B	4.36B	3.87B	4.15B
Stock-Based Compensation (IS)	-	-	-	-	-
R&D Expenses	2.64B	3.04B	3.25B	2.97B	2.98B
Depreciation & Amortization - (IS)	-	-	-	-	-
Other Operating Expenses	-	9M	5M	89M	131M
Other Operating Expenses, Total	6.57B	7.61B	7.61B	6.93B	7.26B
Operating Income	3.43B	4.32B	4.04B	4.86B	5.63B
Interest Expense, Total	-209M	-232M	-304M	-347M	-382M
Interest And Investment Income	88M	57M	174M	480M	662M
Net Interest Expenses	-121M	-175M	-130M	133M	280M
Currency Exchange Gains (Loss)	-110M	144M	202M	-163M	178M
Other Non Operating Income (Expenses)	-9M	-83M	84M	155M	-140M
EBT, Excl. Unusual Items	3.19B	4.2B	4.2B	4.98B	5.95B
Restructuring Charges	-109M	-27M	-121M	-122M	-307M
Gain (Loss) On Sale Of Investments	2.02B	-49M	-627M	258M	-314M
Gain (Loss) On Sale Of Assets	-	-	-	356M	-
Asset Writedown	-30M	-26M	-81M	-61M	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	5.06B	4.1B	3.37B	5.41B	5.33B
Income Tax Expense	863M	-70M	947M	1.16B	1.18B
Earnings From Continuing Operations	4.2B	4.17B	2.42B	4.25B	4.15B
Net Income to Company	4.2B	4.17B	2.42B	4.25B	4.15B
Net Income - (IS)	4.2B	4.17B	2.42B	4.25B	4.15B
Net Income to Common Incl Extra Items	4.2B	4.17B	2.42B	4.25B	4.15B
Net Income to Common Excl. Extra Items	4.2B	4.17B	2.42B	4.25B	4.15B
Per Share Items
Net EPS - Basic	3.58	3.55	2.1	3.85	4.03
Basic EPS - Continuing Operations	3.58	3.55	2.1	3.85	4.03
Basic Weighted Average Shares Outstanding	1.17B	1.17B	1.15B	1.1B	1.03B
Net EPS - Diluted	3.54	3.52	2.09	3.84	3.99
Diluted EPS - Continuing Operations	3.54	3.52	2.09	3.84	3.99
Diluted Weighted Average Shares Outstanding	1.19B	1.19B	1.16B	1.11B	1.04B
Normalized Basic EPS	1.7	2.24	2.27	2.82	3.61
Normalized Diluted EPS	1.68	2.21	2.26	2.81	3.58
American Depositary Receipts Ratio (ADR)	0.05	0.05	0.05	0.05	0.05
Supplemental Items
EBITDA	4.3B	5.21B	4.93B	5.44B	6.17B
EBITA	3.88B	4.76B	4.51B	5.08B	5.84B
EBIT	3.43B	4.32B	4.04B	4.86B	5.63B
EBITDAR	4.46B	5.4B	5.12B	5.62B	6.31B
Effective Tax Rate - (Ratio)	17.04	-1.71	28.13	21.53	22.18
Current Domestic Taxes	453M	86M	792M	1.18B	449M
Current Foreign Taxes	245M	326M	966M	657M	502M
Total Current Taxes	698M	412M	1.76B	1.83B	951M
Deferred Domestic Taxes	227M	-446M	-664M	-569M	249M
Deferred Foreign Taxes	-62M	-36M	-147M	-99M	-18M
Total Deferred Taxes	165M	-482M	-811M	-668M	231M
Normalized Net Income	1.99B	2.63B	2.62B	3.11B	3.72B
Interest on Long-Term Debt	206M	224M	290M	334M	366M
Supplemental Operating Expense Items
Advertising Expense	654M	740M	518M	364M	574M
Selling and Marketing Expenses	1.86B	2.44B	2.26B	1.81B	2B
General and Administrative Expenses	2.07B	2.11B	2.1B	2.06B	2.15B
Research And Development Expense From Footnotes	2.64B	3.04B	3.25B	2.97B	2.98B
Net Rental Expense, Total	166M	184M	194M	174M	147M
Imputed Operating Lease Interest Expense	36.53M	34.96M	44.17M	41.29M	37.91M
Imputed Operating Lease Depreciation	129M	149M	150M	133M	109M
Stock-Based Comp., COGS (Total)	250M	263M	269M	305M	233M
Stock-Based Comp., R&D Exp. (Total)	529M	515M	512M	612M	478M
Stock-Based Comp., S&M Exp. (Total)	172M	175M	151M	179M	143M
Stock-Based Comp., G&A Exp. (Total)	460M	468M	383M	434M	339M
Stock-Based Comp., Other (Total)	-	-	-	-	100M
Total Stock-Based Compensation	1.41B	1.42B	1.32B	1.53B	1.29B

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	4.79B	5.2B	7.78B	9.08B	6.56B
Short Term Investments	8.29B	4.3B	3.09B	4.98B	4.26B
Total Cash And Short Term Investments	13.08B	9.5B	10.87B	14.06B	10.82B
Accounts Receivable, Total	577M	800M	963M	1.07B	984M
Other Receivables	42M	36M	65M	101M	140M
Notes Receivable	2.77B	4.85B	7.43B	5.43B	6.42B
Total Receivables	3.39B	5.68B	8.46B	6.6B	7.55B
Prepaid Expenses	1.06B	963M	1.58B	1.02B	1.38B
Loans Held For Sale	-	-	-	563M	541M
Restricted Cash	-	5M	24M	-	-
Other Current Assets, Total	33.46B	36.42B	36.59B	40.32B	40.81B
Total Current Assets	51B	52.57B	57.52B	62.57B	61.09B
Gross Property Plant And Equipment	7.72B	8.25B	8.69B	8.83B	9.66B
Accumulated Depreciation	-5.2B	-5.68B	-6.38B	-6.95B	-7.48B
Net Property Plant And Equipment	2.51B	2.57B	2.3B	1.88B	2.18B
Long-term Investments	6.08B	6.8B	5.02B	3.27B	4.58B
Goodwill	9.14B	11.45B	11.21B	11.03B	10.84B
Other Intangibles, Total	1.05B	1.33B	788M	537M	326M
Accounts Receivable Long-Term	-	-	-	-	207M
Deferred Tax Assets Long-Term	142M	547M	1.31B	-	-
Other Long-Term Assets, Total	463M	531M	571M	2.88B	2.39B
Total Assets	70.38B	75.8B	78.72B	82.17B	81.61B
Liabilities
Accounts Payable, Total	252M	197M	126M	139M	227M
Accrued Expenses, Total	1.98B	2.15B	3.05B	3.2B	6.86B
Short-term Borrowings	-	-	-	359M	-
Current Portion of Long-Term Debt	-	999M	418M	1.25B	1.19B
Current Portion of Leases	144M	142M	151M	144M	140M
Current Income Taxes Payable	129M	236M	813M	-	-
Other Current Liabilities	35.94B	39.3B	40.54B	43.38B	39.96B
Total Current Liabilities	38.45B	43.03B	45.1B	48.47B	48.38B
Long-Term Debt	8.94B	8.05B	10.42B	9.68B	9.88B
Long-Term Leases	642M	620M	569M	416M	647M
Deferred Tax Liability Non Current	75M	186M	25M	-	-
Other Non Current Liabilities	2.21B	2.19B	2.33B	2.56B	2.29B
Total Liabilities	50.32B	54.08B	58.44B	61.12B	61.19B
Additional Paid In Capital	16.64B	17.21B	18.33B	19.64B	20.7B
Retained Earnings	12.37B	16.54B	18.95B	23.2B	27.35B
Treasury Stock	-8.51B	-11.88B	-16.08B	-21.04B	-27.08B
Comprehensive Income and Other	-484M	-136M	-928M	-746M	-550M
Total Common Equity	20.02B	21.73B	20.27B	21.05B	20.42B
Minority Interest	44M	-	-	-	-
Total Equity	20.06B	21.73B	20.27B	21.05B	20.42B
Total Liabilities And Equity	70.38B	75.8B	78.72B	82.17B	81.61B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.17B	1.17B	1.13B	1.07B	989M
ECS Total Common Shares Outstanding	1.17B	1.17B	1.14B	1.07B	993M
Book Value / Share	17.08	18.6	17.85	19.64	20.56
Tangible Book Value	9.84B	8.94B	8.28B	9.49B	9.25B
Tangible Book Value Per Share	8.39	7.65	7.29	8.85	9.32
Total Debt	9.72B	9.81B	11.56B	11.84B	11.86B
Net Debt	-3.36B	310M	687M	-2.22B	1.03B
Debt Equivalent Oper. Leases	1.33B	1.47B	1.55B	1.39B	1.18B
Minority Interest, Total (Incl. Fin. Div)	44M	-	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	307M	380M	388M	333M	337M
Buildings, Total	-	-	-	-	-
Machinery, Total	3.38B	3.44B	3.52B	3.5B	3.49B
Full Time Employees	26.5K	30.9K	29.9K	27.2K	24.4K

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	4.2B	4.17B	2.42B	4.25B	4.15B
Depreciation & Amortization - CF	416M	456M	420M	364M	327M
Amortization of Goodwill and Intangible Assets - (CF)	451M	443M	471M	226M	207M
Depreciation & Amortization, Total	867M	899M	891M	590M	534M
Amortization of Deferred Charges, Total - (CF)	322M	366M	426M	482M	498M
(Gain) Loss From Sale Of Asset	-	-	-	-303M	125M
(Gain) Loss on Sale of Investments - (CF)	-1.91B	-46M	304M	-568M	-50M
Asset Writedown & Restructuring Costs	-	-	-	-	-
Net (Increase) Decrease in Loans Originated / Sold - Operating	-	-	-	-675M	-146M
Provision for Credit Losses	-	-	-	-	-
Stock-Based Compensation (CF)	1.38B	1.38B	1.26B	1.48B	1.23B
Tax Benefit from Stock Options	-	-	-	-	-
Other Operating Activities, Total	1.95B	678M	966M	910M	1.67B
Change In Accounts Receivable	-100M	-222M	-163M	-114M	85M
Change In Accounts Payable	-4M	-31M	-35M	7M	83M
Change In Income Taxes	-230M	73M	373M	-	-
Change in Other Net Operating Assets	-618M	-922M	-629M	-1.21B	-726M
Cash from Operations	5.85B	6.34B	5.81B	4.84B	7.45B
Capital Expenditure	-866M	-908M	-706M	-623M	-683M
Sale of Property, Plant, and Equipment	120M	5M	5M	45M	1M
Cash Acquisitions	-3.61B	-2.76B	-	-	-
Divestitures	-	-	-	466M	-
Investment in Marketable and Equity Securities, Total	-10.6B	-418M	3.19B	2.32B	753M
Net (Increase) Decrease in Loans Originated / Sold - Investing	294M	-1.59B	-3.27B	1.46B	-1.54B
Other Investing Activities, Total	-1.55B	193M	-2.64B	-2.91B	3.05B
Cash from Investing	-16.22B	-5.48B	-3.42B	752M	1.59B
Short Term Debt Issued, Total	-	-	-	-	656M
Long-Term Debt Issued, Total	6.97B	272M	3.48B	1.53B	1.55B
Total Debt Issued	6.97B	272M	3.48B	1.53B	2.2B
Short Term Debt Repaid, Total	-	-	-	-	-656M
Long-Term Debt Repaid, Total	-3B	-361M	-1.69B	-1.05B	-1.66B
Total Debt Repaid	-3B	-361M	-1.69B	-1.05B	-2.32B
Issuance of Common Stock	137M	162M	143M	127M	95M
Repurchase of Common Stock	-2.16B	-4.41B	-4.54B	-5.26B	-6.4B
Other Financing Activities, Total	10.54B	3.57B	1.49B	1.66B	-1.86B
Cash from Financing	12.49B	-764M	-1.11B	-2.99B	-8.28B
Foreign Exchange Rate Adjustments	169M	-102M	-155M	76M	-207M
Net Change in Cash	2.3B	-11M	1.13B	2.68B	556M
Supplemental Items
Cash Interest Paid	190M	231M	280M	331M	366M
Cash Income Tax Paid (Refund)	565M	474M	878M	2.12B	1.03B
Levered Free Cash Flow	5.06B	2.75B	3.33B	5.12B	3.49B
Unlevered Free Cash Flow	5.19B	2.9B	3.52B	5.34B	3.73B
Change In Net Working Capital	-1.31B	1.58B	931M	-322M	1.43B
Net Debt Issued / Repaid	3.97B	-89M	1.79B	475M	-115M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	3.52	3.69	3.27	3.77	4.3
Return on Total Capital	8.21	8.8	7.97	9.38	10.8
Return On Equity %	22.72	19.95	11.52	20.55	20
Return on Common Equity	22.77	19.97	11.52	20.55	20
Margin Analysis
Gross Profit Margin %	46.62	46.99	42.35	39.59	40.54
SG&A Margin	18.32	17.97	15.83	12.99	13.05
EBITDA Margin %	20.02	20.55	17.92	18.29	19.39
EBITA Margin %	18.08	18.75	16.39	17.07	18.36
EBIT Margin %	15.98	17.01	14.68	16.31	17.71
Income From Continuing Operations Margin %	19.59	16.43	8.79	14.26	13.04
Net Income Margin %	19.59	16.43	8.79	14.26	13.04
Net Avail. For Common Margin %	19.59	16.43	8.79	14.26	13.04
Normalized Net Income Margin	9.29	10.35	9.53	10.45	11.7
Levered Free Cash Flow Margin	23.57	10.85	12.1	17.19	10.99
Unlevered Free Cash Flow Margin	24.17	11.42	12.79	17.92	11.74
Asset Turnover
Asset Turnover	0.35	0.35	0.36	0.37	0.39
Fixed Assets Turnover	9.16	9.98	11.3	14.24	15.67
Receivables Turnover (Average Receivables)	42.4	36.85	31.22	29.3	30.98
Short Term Liquidity
Current Ratio	1.33	1.22	1.28	1.29	1.26
Quick Ratio	0.36	0.24	0.26	0.31	0.25
Operating Cash Flow to Current Liabilities	0.15	0.15	0.13	0.1	0.15
Days Sales Outstanding (Average Receivables)	8.63	9.91	11.69	12.46	11.82
Average Days Payable Outstanding	7.73	6.09	3.72	2.69	3.54
Long Term Solvency
Total Debt/Equity	48.47	45.15	56.99	56.26	58.07
Total Debt / Total Capital	32.65	31.11	36.3	36.01	36.74
LT Debt/Equity	47.75	39.9	54.19	47.94	51.56
Long-Term Debt / Total Capital	32.16	27.49	34.52	30.68	32.61
Total Liabilities / Total Assets	71.49	71.34	74.24	74.38	74.98
EBIT / Interest Expense	16.4	18.6	13.29	13.99	14.74
EBITDA / Interest Expense	21.34	23.27	16.86	16.19	16.53
(EBITDA - Capex) / Interest Expense	17.2	19.35	14.53	14.4	14.74
Total Debt / EBITDA	2.18	1.82	2.26	2.11	1.88
Net Debt / EBITDA	-0.75	0.06	0.13	-0.39	0.16
Total Debt / (EBITDA - Capex)	2.71	2.18	2.62	2.37	2.11
Net Debt / (EBITDA - Capex)	-0.93	0.07	0.16	-0.44	0.18
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	20.72	18.26	8.46	8.19	6.81
Gross Profit, 1 Yr. Growth %	25.22	19.2	-2.25	1.13	9.38
EBITDA, 1 Yr. Growth %	25.92	21.4	-5.45	10.45	13.24
EBITA, 1 Yr. Growth %	28.96	22.66	-5.21	12.66	14.92
EBIT, 1 Yr. Growth %	22.56	25.88	-6.4	20.2	16
Earnings From Cont. Operations, 1 Yr. Growth %	70.88	-0.79	-41.98	75.53	-2.33
Net Income, 1 Yr. Growth %	70.88	-0.79	-41.98	75.53	-2.33
Normalized Net Income, 1 Yr. Growth %	9.22	31.78	-0.14	18.71	19.48
Diluted EPS Before Extra, 1 Yr. Growth %	71.01	-0.56	-40.62	83.73	3.91
Accounts Receivable, 1 Yr. Growth %	32.64	38.65	20.38	11.01	-7.95
Net Property, Plant and Equip., 1 Yr. Growth %	15.75	2.15	-10.28	-18.49	16.08
Total Assets, 1 Yr. Growth %	37.1	7.71	3.84	4.5	-0.68
Tangible Book Value, 1 Yr. Growth %	-0.6	-9.1	-7.43	14.63	-2.47
Common Equity, 1 Yr. Growth %	18.56	8.53	-6.69	3.83	-3.01
Cash From Operations, 1 Yr. Growth %	43.8	8.3	0.28	-16.69	53.83
Capital Expenditures, 1 Yr. Growth %	23.01	4.85	-22.25	-11.76	9.63
Levered Free Cash Flow, 1 Yr. Growth %	157.53	-45.55	20.94	53.74	-31.73
Unlevered Free Cash Flow, 1 Yr. Growth %	154.85	-44.13	21.45	51.6	-30.03
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	17.84	19.48	13.25	8.32	7.49
Gross Profit, 2 Yr. CAGR %	17.95	22.17	7.94	-0.57	5.17
EBITDA, 2 Yr. CAGR %	25.36	23.64	7.14	2.19	11.84
EBITA, 2 Yr. CAGR %	27.99	25.77	7.83	3.34	13.78
EBIT, 2 Yr. CAGR %	24.29	24.21	8.55	6.07	18.08
Earnings From Cont. Operations, 2 Yr. CAGR %	42.93	30.21	-24.13	0.92	30.93
Net Income, 2 Yr. CAGR %	42.93	30.21	-24.13	0.92	30.93
Normalized Net Income, 2 Yr. CAGR %	17.38	21.03	11.84	10.62	21.27
Diluted EPS Before Extra, 2 Yr. CAGR %	43.88	30.4	-23.16	4.45	38.17
Accounts Receivable, 2 Yr. CAGR %	35.77	35.61	29.19	15.6	1.08
Net Property, Plant and Equip., 2 Yr. CAGR %	20.76	8.73	-4.27	-14.48	-2.73
Total Assets, 2 Yr. CAGR %	27.44	21.52	5.76	4.11	1.88
Tangible Book Value, 2 Yr. CAGR %	9.01	-4.94	-8.27	3.01	5.74
Common Equity, 2 Yr. CAGR %	14.07	13.44	0.63	-1.57	0.35
Cash From Operations, 2 Yr. CAGR %	3.36	24.79	-3.32	-8.6	13.21
Capital Expenditures, 2 Yr. CAGR %	2.58	13.57	-9.71	-17.17	-1.64
Levered Free Cash Flow, 2 Yr. CAGR %	-16.79	18.41	-18.85	36.36	2.45
Unlevered Free Cash Flow, 2 Yr. CAGR %	-16	19.33	-17.62	35.69	2.99
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	17.89	17.98	15.69	11.54	7.82
Gross Profit, 3 Yr. CAGR %	16.05	18.36	13.42	5.62	2.64
EBITDA, 3 Yr. CAGR %	16.59	24.03	13.06	8.23	5.75
EBITA, 3 Yr. CAGR %	18.64	26.19	14.45	9.41	7.06
EBIT, 3 Yr. CAGR %	15.99	24.82	13.03	12.3	9.28
Earnings From Cont. Operations, 3 Yr. CAGR %	32.78	26.55	-0.55	0.35	-0.18
Net Income, 3 Yr. CAGR %	32.78	26.55	-0.55	0.35	-0.18
Normalized Net Income, 3 Yr. CAGR %	11.99	21.99	13.51	14.08	13.49
Diluted EPS Before Extra, 3 Yr. CAGR %	34.04	27.21	0.32	2.75	4.27
Accounts Receivable, 3 Yr. CAGR %	26.8	36.73	30.33	22.82	7.14
Net Property, Plant and Equip., 3 Yr. CAGR %	18.05	14.21	1.99	-9.26	-5.31
Total Assets, 3 Yr. CAGR %	19.96	20.49	15.32	5.3	2.49
Tangible Book Value, 3 Yr. CAGR %	-5.04	2.61	-5.78	-1.19	1.15
Common Equity, 3 Yr. CAGR %	7.77	12.19	6.29	1.69	-2.05
Cash From Operations, 3 Yr. CAGR %	32.25	4.98	12.61	-8	8.72
Capital Expenditures, 3 Yr. CAGR %	9.09	3.33	0.09	-10.4	-9.06
Levered Free Cash Flow, 3 Yr. CAGR %	70.85	-27.76	19.25	0.41	8.27
Unlevered Free Cash Flow, 3 Yr. CAGR %	72.06	-26.67	20.03	0.95	8.81
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	18.33	18.53	16.01	14.02	12.34
Gross Profit, 5 Yr. CAGR %	16.21	18.32	12.74	10.39	10.05
EBITDA, 5 Yr. CAGR %	17.1	19.92	12.71	14.78	12.57
EBITA, 5 Yr. CAGR %	19.35	22.34	14.19	16.5	14.19
EBIT, 5 Yr. CAGR %	17.83	22.16	12.95	16.95	15.03
Earnings From Cont. Operations, 5 Yr. CAGR %	27.89	24.37	6.15	15.6	11.02
Net Income, 5 Yr. CAGR %	27.89	24.37	6.15	15.6	11.02
Normalized Net Income, 5 Yr. CAGR %	15.91	20.77	13.07	16.57	15.71
Diluted EPS Before Extra, 5 Yr. CAGR %	28.77	25.07	7.29	17.56	14.03
Accounts Receivable, 5 Yr. CAGR %	33.32	30.18	27.75	27.85	17.73
Net Property, Plant and Equip., 5 Yr. CAGR %	13.34	11.62	8.56	1.73	0.07
Total Assets, 5 Yr. CAGR %	19.5	18.02	14.06	13.65	9.72
Tangible Book Value, 5 Yr. CAGR %	1.06	-3.06	-6.34	2.77	-1.33
Common Equity, 5 Yr. CAGR %	7.79	8.11	4.86	6.47	3.87
Cash From Operations, 5 Yr. CAGR %	18.12	14.96	18.09	-2.44	12.85
Capital Expenditures, 5 Yr. CAGR %	3.7	6.3	1.14	-5.42	-0.6
Levered Free Cash Flow, 5 Yr. CAGR %	48.46	17.51	26.85	-6.86	12.22
Unlevered Free Cash Flow, 5 Yr. CAGR %	49.22	18.69	28.15	-6.21	12.9