Introduction
In units 2 and 3 you worked on ratio calculations and received feedback on these assignments.  In this unit, you will provide a brief written analysis of the ratios for Mastercard.  Evaluation should be submitted in an MS Word document of no more than three pages and be concise, clear and professional.
This is an Individual Assignment
Directions
Evaluation of Mastercard should include:
A discussion of the ratios calculated in relation to the respective financial diagnostic categories (profitability, liquidity, leverage, operating returns).
Discuss the importance of the ratio in financial analysis.

Other information pertinent to Mastercard which could affect their future performance and stock price.
2017
2018
2019 Formulas
MC GROSS MARGIN
78.50%
78.50%
79.05% Gross Profit / Sales
MC OPERATION MARGIN
53.96%
56.01%
57.43% Operating Income / Sales
MC NETPROFIT MARGIN
31.33%
39.19%
48.08% Net Income / Sales
MC CURRENT RATIO
1.57
1.39
1.42 Current Assets / Current Liabilities
MC CASH RATIO
0.67
0.58
0.59 Cash and Cash Equivalents / Current Liabilities
2.88
3.59
3.94 Total Debt / Total Equity
MC ROE
71.22%
108.14%
137.20% Net Income / Shareholder’s Equity
MC ROA
18.36%
23.57%
27.77% Net Income / Average Total Assets
PROFITABILITY RATIOS
LIQUIDITY RATIO
LEVERAGE RATIOS
MC DEBT TO EQUITY
OPERATION RETURNS
MA_IncomeStatement_Annual_As_Originally_Reported
Gross Profit
Total Revenue
Business Revenue
Sales Return and Allowances/Discounts
Other Revenue
Cost of Revenue
Staff Cost, Cost of Revenue
Operating Income/Expenses
Selling, General and Administrative Expenses
General and Administrative Expenses
Legal, Accounting, Auditing and Consulting Fees
Selling and Marketing Expenses
Staff Costs
Depreciation, Amortization and Depletion
Depreciation and Amortization
Provision Expense/Write-Back
Provision for Doubtful Accounts
Total Operating Profit/Loss
Non-Operating Income/Expenses, Total
Total Net Finance Income/Expense
Net Interest Income/Expense
Interest Expense Net of Capitalized Interest
Interest Income
Net Investment Income
Gain/Loss on Investments and Other Financial Instruments
Gain/Loss on Foreign Exchange
Other Investment Income
Irregular Income/Expenses
Litigation Income/Expense
Other Income/Expense, Non-Operating
Pretax Income
Provision for Income Tax
Net Income from Continuing Operations
Net Income after Extraordinary Items and Discontinued Operations
Net Income after Non-Controlling/Minority Interests
Net Income Available to Common Stockholders
Diluted Net Income Available to Common Stockholders
Non-Controlling/Minority Interests
Reported Total Revenue
Reported Operating Expense
Reported Total Operating Profit/Loss
Reported Normalized Income
Reported Effective Tax Rate
Reported Normalized Operating Profit
Basic EPS
Diluted EPS
2017
9,810,000,000
12,497,000,000
15,492,000,000
-5,848,000,000
2,853,000,000
-2,687,000,000
-2,687,000,000
-3,067,000,000
-2,631,000,000
-1,378,000,000
-355,000,000
-898,000,000
0
-436,000,000
-436,000,000
6,743,000,000
-221,000,000
-154,000,000
-154,000,000
-154,000,000
-50,000,000
-106,000,000
56,000,000
-15,000,000
-15,000,000
-2,000,000
6,522,000,000
-2,607,000,000
3,915,000,000
3,915,000,000
3,915,000,000
3,915,000,000
3,915,000,000
12,497,000,000
-5,875,000,000
6,622,000,000
4,906,000,000
0
3.67
3.65
Basic WASO
Diluted WASO
Fiscal year ends in Dec 31 | USD
1,067,000,016
1,072,000,016
2018
2019
11,736,000,000
14,950,000,000
18,483,000,000
-6,881,000,000
3,348,000,000
-3,214,000,000
-3,214,000,000
-3,362,000,000
-2,903,000,000
-1,619,000,000
-377,000,000
-907,000,000
0
-459,000,000
-459,000,000
13,346,000,000
16,883,000,000
20,856,000,000
-8,097,000,000
4,124,000,000
-3,537,000,000
-3,537,000,000
-3,650,000,000
-3,128,000,000
-1,747,000,000
-447,000,000
-934,000,000
0
-522,000,000
-522,000,000
8,374,000,000
-1,170,000,000
-186,000,000
-186,000,000
-186,000,000
9,696,000,000
35,000,000
-224,000,000
-224,000,000
-224,000,000
158,000,000
232,000,000
167,000,000
36,000,000
-32,000,000
122,000,000
97,000,000
-1,128,000,000
0
-1,128,000,000
0
-14,000,000
27,000,000
7,204,000,000 9,731,000,000
-1,345,000,000 -1,613,000,000
5,859,000,000 8,118,000,000
5,859,000,000 8,118,000,000
5,859,000,000 8,118,000,000
5,859,000,000 8,118,000,000
5,859,000,000 8,118,000,000
14,950,000,000 16,883,000,000
-7,668,000,000 -7,219,000,000
7,282,000,000 9,664,000,000
6,792,000,000 7,937,000,000
0
0
5.63
5.60
7.98
7.94
1,041,000,015
1,047,000,015
1,017,000,015
1,022,000,015
MA_BalanceSheet_Annual_As_Originally_Reported
Total Assets
Total Current Assets
Cash, Cash Equivalents and Short Term Investments
Cash and Cash Equivalents
Short Term Investments
Available-for-Sale Securities, Current
Held-to-Maturity Securities, Current
Cash Restricted or Pledged, Current
Trade and Other Receivables, Current
Trade/Accounts Receivable, Current
Taxes Receivable, Current
Other Receivables, Current
Prepayments and Deposits, Current
Other Current Assets
Deferred Tax Assets, Current
Deferred Costs/Assets, Current
Total Non-Current Assets
Net Property, Plant and Equipment
Gross Property, Plant and Equipment
Properties
Buildings and Improvements
Leasehold and Improvements
Machinery, Furniture and Equipment
Furniture, Fixtures and Office Equipment
Other Equipment
Leased Property, Plant and Equipment
Other Property, Plant and Equipment
Accumulated Depreciation and Impairment
Accumulated Depreciation
Net Intangible Assets
Gross Goodwill and Other Intangible Assets
Goodwill
Intangibles other than Goodwill
Software and Technology
Customer Relationships
Other Intangible Assets
Trademarks and Patents
Accumulated Amortization and Impairment
Accumulated Amortization of Intangible Assets
Accumulated Amortization of Intangibles other than Goodwill
Accumulated Amortization of Software and Technology
Accumulated Amortization of Customer Relationships
Accumulated Amortization of Other Intangible Assets
Accumulated Amortization of Trademarks and Patents
Total Long Term Investments
Investment in Financial Assets, Non-Current
Equity Securities/Shares, Non-Current
Financial Investment Securities, Available-for-Sale & Held-to-Maturity, Non-Current
Available-for-Sale Securities, Non-Current
Held-to-Maturity Securities, Non-Current
Trade and Other Receivables, Non-Current
Taxes Receivable, Non-Current
Deferred Tax Assets, Non-Current
Other Non-Current Assets
Prepayments and Deposits, Non-Current
Prepayments, Non-Current
Deferred Costs/Assets, Non-Current
Total Liabilities
Total Current Liabilities
Payables and Accrued Expenses, Current
Trade and Other Payables, Current
Trade/Accounts Payable, Current
Taxes Payable, Current
Other Payable, Current
Amount Due to Related Parties/Shareholders, Current
Accrued Expenses, Current
Financial Liabilities, Current
Current Debt and Capital Lease Obligation
Current Portion of Long Term Debt and Capital Lease
Current Portion of Long Term Debt
Other Current Portion of LT Debt
Other Current Liabilities
Provisions, Current
Provision for Employee Entitlements, Current
Total Non-Current Liabilities
Financial Liabilities, Non-Current
Long Term Debt and Capital Lease Obligation
Long Term Debt
Notes Payables, Non-Current
Tax Liabilities, Non-Current
Deferred Tax Liabilities, Non-Current
Other Non-Current Liabilities
Preferred Securities Outside Stock Equity
Total Equity
Equity Attributable to Parent Stockholders
Paid in Capital
Capital Stock
Common Stock
Additional Paid in Capital/Share Premium
Treasury Stock
Retained Earnings/Accumulated Deficit
Reserves/Accumulated Comprehensive Income/Losses
Cumulative Foreign Exchange Translation Reserves/Accum. Comp. Inc
Available for Sale Financial Investments Reserves/Accum. Comp. Inc
Pension and Other Post-Retirement Benefit Plans Reserves/Accum. Comp. Inc
Non-Controlling/Minority Interests
Common Shares Issued
Common Shares Outstanding
Common Shares Treasury
Common Stock, with Par Value
Fiscal year ends in Dec 31 | USD
2017
2018
2019
21,329,000,000
13,797,000,000
7,782,000,000
5,933,000,000
1,849,000,000
1,849,000,000
24,860,000,000
16,171,000,000
8,378,000,000
6,682,000,000
1,696,000,000
1,696,000,000
29,236,000,000
16,902,000,000
7,676,000,000
6,988,000,000
688,000,000
688,000,000
1,631,000,000
3,344,000,000
3,344,000,000
1,633,000,000
4,728,000,000
4,728,000,000
1,954,000,000
5,509,000,000
5,509,000,000
77,000,000
963,000,000
51,000,000
1,381,000,000
105,000,000
1,658,000,000
7,532,000,000
829,000,000
1,543,000,000
621,000,000
455,000,000
166,000,000
81,000,000
81,000,000
0
8,689,000,000
921,000,000
1,768,000,000
696,000,000
481,000,000
215,000,000
85,000,000
85,000,000
0
841,000,000
-714,000,000
-714,000,000
4,155,000,000
5,312,000,000
3,035,000,000
2,277,000,000
1,572,000,000
648,000,000
27,000,000
30,000,000
-1,157,000,000
-1,157,000,000
-1,157,000,000
-888,000,000
-214,000,000
-26,000,000
-29,000,000
249,000,000
249,000,000
987,000,000
-847,000,000
-847,000,000
3,895,000,000
5,070,000,000
2,904,000,000
2,166,000,000
1,514,000,000
606,000,000
46,000,000
12,334,000,000
1,828,000,000
2,928,000,000
808,000,000
505,000,000
303,000,000
92,000,000
92,000,000
0
810,000,000
1,218,000,000
-1,100,000,000
-1,100,000,000
5,438,000,000
6,734,000,000
4,021,000,000
2,713,000,000
1,884,000,000
785,000,000
44,000,000
-1,175,000,000
-1,175,000,000
-1,175,000,000
-898,000,000
-232,000,000
-45,000,000
-1,296,000,000
-1,296,000,000
-1,296,000,000
-988,000,000
-264,000,000
-44,000,000
337,000,000
337,000,000
914,000,000
914,000,000
249,000,000
337,000,000
914,000,000
178,000,000
178,000,000
250,000,000
1,519,000,000
352,000,000
352,000,000
298,000,000
298,000,000
570,000,000
2,668,000,000
0
0
460,000,000
460,000,000
543,000,000
3,151,000,000
15,832,000,000
8,793,000,000
6,916,000,000
2,470,000,000
933,000,000
194,000,000
1,343,000,000
19,442,000,000
11,593,000,000
9,064,000,000
2,884,000,000
537,000,000
158,000,000
2,189,000,000
23,319,000,000
11,904,000,000
9,606,000,000
3,535,000,000
489,000,000
332,000,000
2,714,000,000
4,446,000,000
6,180,000,000
500,000,000
500,000,000
500,000,000
500,000,000
500,000,000
2,029,000,000
6,071,000,000
0
0
0
0
0
2,298,000,000
1,877,000,000
7,039,000,000
5,424,000,000
5,424,000,000
5,424,000,000
106,000,000
106,000,000
1,438,000,000
71,000,000
5,497,000,000
5,468,000,000
-16,399,000,000
4,365,000,000
4,365,000,000
-20,764,000,000
22,364,000,000
-497,000,000
7,849,000,000 11,415,000,000
5,834,000,000
8,527,000,000
5,834,000,000
8,527,000,000
5,834,000,000
8,527,000,000
5,834,000,000
8,527,000,000
67,000,000
85,000,000
67,000,000
85,000,000
1,877,000,000
2,729,000,000
71,000,000
74,000,000
5,418,000,000
5,917,000,000
5,395,000,000
5,893,000,000
-21,170,000,000 -27,418,000,000
4,580,000,000
4,787,000,000
0
0
4,580,000,000
4,787,000,000
-25,750,000,000 -32,205,000,000
27,283,000,000 33,984,000,000
-718,000,000
-673,000,000
29,000,000
1,396,000,000
1,054,000,000
342,000,000
23,000,000
1,399,000,000
1,031,000,000
368,000,000
24,000,000
1,402,414,514
1,007,414,514
395,000,000
MA_CashFlow_Annual_As_Originally_Reported
Cash Flow from Operating Activities, Indirect
Net Cash Flow from Continuing Operating Activities, Indirect
Cash Generated from Operating Activities
Income/Loss before Non-Cash Adjustment
Total Adjustments for Non-Cash Items
Depreciation, Amortization and Depletion, Non-Cash Adjustment
Depreciation and Amortization, Non-Cash Adjustment
Stock-Based Compensation, Non-Cash Adjustment
Taxes, Non-Cash Adjustment
Net Investment Income/Loss, Non-Cash Adjustment
Gain/Loss on Financial Instruments, Non-Cash Adjustment
Other Non-Cash Items
Excess Tax Benefit from Stock-Based Compensation, Non-Cash Adjustment
Changes in Operating Capital
Change in Trade and Other Receivables
Change in Trade/Accounts Receivable
Change in Tax Receivables
Change in Prepayments and Deposits
Change in Cash Restricted or Pledged
Change in Payables and Accrued Expenses
Change in Trade and Other Payables
Change in Trade/Accounts Payable
Change in Other Payables
Change in Taxes Payable
Change in Accrued Expenses
Change in Other Operating Capital
Change in Other Current Liabilities
Cash Flow from Investing Activities
Cash Flow from Continuing Investing Activities
Capital Expenditure, Reported
Purchase/Sale and Disposal of Property, Plant and Equipment, Net
Purchase of Property, Plant and Equipment
Purchase/Sale of Business, Net
Purchase/Acquisition of Business
Purchase/Sale of Investments, Net
Purchase of Investments
Sale of Investments
Other Investing Cash Flow
Purchase/Sale of Equity Investments
Purchase of Joint Venture/Associate
Change in Restricted Cash and Cash Equivalents
Purchase/Sale of Intangibles, Net
Purchase of Intangibles
Cash Flow from Financing Activities
Cash Flow from Continuing Financing Activities
Issuance of/Payments for Common Stock, Net
Payments for Common Stock
Issuance of/Repayments for Debt, Net
Issuance of/Repayments for Long Term Debt, Net
Proceeds from Issuance of Long Term Debt
Repayments for Long Term Debt
Net Movement in Non-Controlling/Minority Interest
Cash Dividends and Interest Paid
Cash Dividends Paid
Common Stock Dividends Paid
Proceeds from Issuance/Exercising of Stock Options/Warrants
Other Financing Cash Flow
Excess Tax Benefit from Share-Based Compensation, Financing Activities
Cash and Cash Equivalents, End of Period
Change in Cash
Effect of Exchange Rate Changes
Cash and Cash Equivalents, Beginning of Period
Change in Cash As Reported, Supplemental
Fiscal year ends in Dec 31 | USD
2017
2018
2019
5,555,000,000
5,555,000,000
5,555,000,000
3,915,000,000
1,926,000,000
437,000,000
437,000,000
176,000,000
86,000,000
6,223,000,000
6,223,000,000
6,223,000,000
5,859,000,000
1,677,000,000
459,000,000
459,000,000
196,000,000
-244,000,000
1,227,000,000
1,266,000,000
8,183,000,000
8,183,000,000
8,183,000,000
8,118,000,000
1,763,000,000
522,000,000
522,000,000
250,000,000
-7,000,000
-167,000,000
-167,000,000
1,165,000,000
-286,000,000 -1,313,000,000 -1,698,000,000
-726,000,000 -1,515,000,000
-892,000,000
-726,000,000 -1,395,000,000
-690,000,000
-120,000,000
-202,000,000
-1,402,000,000 -1,769,000,000 -1,661,000,000
-6,000,000
290,000,000
1,258,000,000 2,258,000,000
430,000,000
684,000,000
950,000,000
435,000,000
290,000,000
101,000,000
-42,000,000
394,000,000
849,000,000
477,000,000
0
0
0
574,000,000 1,308,000,000
-5,000,000
584,000,000
-281,000,000
135,000,000
-1,779,000,000
-506,000,000
-1,779,000,000
-506,000,000
-123,000,000
-174,000,000
-300,000,000
-330,000,000
-300,000,000
-330,000,000
-1,175,000,000
0
-1,175,000,000
0
-182,000,000
12,000,000
-2,006,000,000 -1,900,000,000
1,824,000,000 1,912,000,000
1,000,000
-14,000,000
0
0
0
0
-1,640,000,000
-1,640,000,000
-306,000,000
-422,000,000
-422,000,000
-1,440,000,000
-1,440,000,000
532,000,000
-1,325,000,000
1,857,000,000
-4,000,000
0
0
-4,764,000,000
-4,764,000,000
-3,762,000,000
-5,867,000,000
-5,867,000,000
-6,497,000,000
-4,966,000,000
-4,966,000,000
-4,933,000,000
-3,762,000,000 -4,933,000,000 -6,497,000,000
-64,000,000
991,000,000 2,224,000,000
-64,000,000
991,000,000 2,224,000,000
991,000,000 2,724,000,000
-64,000,000
0
-500,000,000
-942,000,000 -1,044,000,000 -1,345,000,000
-942,000,000 -1,044,000,000 -1,345,000,000
-942,000,000 -1,044,000,000 -1,345,000,000
57,000,000
104,000,000
126,000,000
-53,000,000
-84,000,000
-375,000,000
0
5,933,000,000 8,337,000,000 8,969,000,000
-988,000,000
751,000,000
676,000,000
200,000,000
-6,000,000
-44,000,000
6,721,000,000 7,592,000,000 8,337,000,000
-788,000,000
745,000,000
632,000,000
2013
2014
2015
FORMULA
PROFITABILITY RATIOS
PYPL GROSS MARGIN
65.26%
64.91%
63.03%
Gross Profit / Sales
PYPL OPERATION MARGIN
16.22%
15.80%
16.32%
Operating Income / Sales
PYPL NETPROFIT MARGIN
14.20%
5.22%
13.28%
Net Income / Sales
LIQUIDITY RATIO
PYPL CURRENT RATIO
1.30
1.32
1.52
Current Assets / Current Liabilities
PYPL CASH RATIO
0.14
0.17
0.10
Cash and Cash Equivalents / Current Liabilities
LEVERAGE RATIOS
PYPL DEBT TO EQUITY
1.59
1.66
1.10
Total Debt / Total Equity
OPERATION RETURNS
PYPL ROE
12.92%
5.08%
8.93%
Net Income / Shareholder’s Equity
PYPL ROA
4.98%
1.91%
4.25%
Net Income / Average Total Assets
alents / Current Liabilities
PYPL_income-statement_Annual_As_Originally_Reported
Gross Profit
Total Revenue
Business Revenue
Cost of Revenue
Cost of Goods and Services
Other Cost of Revenue
Operating Income/Expenses
Selling, General and Administrative Expenses
General and Administrative Expenses
Selling and Marketing Expenses
Research and Development Expenses
Depreciation, Amortization and Depletion
Depreciation and Amortization
Total Operating Profit/Loss
Non-Operating Income/Expenses, Total
Total Net Finance Income/Expense
Net Interest Income/Expense
Interest Expense Net of Capitalized Interest
Interest Income
Net Investment Income
Gain/Loss on Investments and Other Financial Instruments
Irregular Income/Expenses
Restructuring and Reorganization Income/Expense
Other Income/Expense, Non-Operating
Pretax Income
Provision for Income Tax
Net Income from Continuing Operations
Net Income after Extraordinary Items and Discontinued Operations
Net Income after Non-Controlling/Minority Interests
Net Income Available to Common Stockholders
Diluted Net Income Available to Common Stockholders
Total Revenue as Reported, Supplemental
Operating Expense as Reported, Supplemental
Total Operating Profit/Loss as Reported, Supplemental
Reported Effective Tax Rate
Reported Normalized Income
Reported Normalized Operating Profit
Basic EPS
Basic EPS from Continuing Operations
Diluted EPS
Diluted EPS from Continuing Operations
Basic Weighted Average Shares Outstanding
Diluted Weighted Average Shares Outstanding
Reported Normalized Diluted EPS
Basic EPS
Diluted EPS
Basic WASO
Diluted WASO
Fiscal year ends in Dec 31 | USD
2013
4,390,000,000
6,727,000,000
6,727,000,000
-2,337,000,000
-2,337,000,000
2014
5,209,000,000
8,025,000,000
8,025,000,000
-2,816,000,000
-2,816,000,000
-3,299,000,000
-2,119,000,000
-1,328,000,000
-791,000,000
-727,000,000
-453,000,000
-453,000,000
1,091,000,000
-7,000,000
-3,941,000,000
-2,535,000,000
-1,537,000,000
-998,000,000
-890,000,000
-516,000,000
-516,000,000
1,268,000,000
-7,000,000
0
0
-7,000,000
1,084,000,000
-129,000,000
955,000,000
955,000,000
955,000,000
955,000,000
955,000,000
6,727,000,000
-5,636,000,000
1,091,000,000
0.119
1,186,000,000
1,411,000,000
0
0
-7,000,000
1,261,000,000
-842,000,000
419,000,000
419,000,000
419,000,000
419,000,000
419,000,000
8,025,000,000
-6,757,000,000
1,268,000,000
0.67
1,343,000,000
1,648,000,000
0.31
0.31
0.31
0.31
1,251,000,000
1,262,000,000
1.10
0.31
0.31
1,251,000,000
1,262,000,000
2015
5,829,000,000
9,248,000,000
9,248,000,000
-3,419,000,000
-3,419,000,000
-4,320,000,000
-2,765,000,000
-1,780,000,000
-985,000,000
-947,000,000
-608,000,000
-608,000,000
1,509,000,000
-21,000,000
-48,000,000
-48,000,000
27,000,000
1,488,000,000
-260,000,000
1,228,000,000
1,228,000,000
1,228,000,000
1,228,000,000
1,228,000,000
9,248,000,000
-7,787,000,000
1,461,000,000
0.175
1,588,000,000
1,975,000,000
1.00
1.00
1.00
1.00
1,222,000,000
1,229,000,000
1.29
1.00
1.00
1,222,000,000
1,229,000,000
PYPL_balance-sheet_Annual_As_Originally_Reported
Total Assets
Total Current Assets
Cash, Cash Equivalents and Short Term Investments
Cash and Cash Equivalents
Short Term Investments
Trade and Other Receivables, Current
Trade/Accounts Receivable, Current
Loans Receivable, Current
Notes Receivable, Current
Prepayments and Deposits, Current
Other Current Assets
Total Non-Current Assets
Net Property, Plant and Equipment
Gross Property, Plant and Equipment
Properties
Land and Improvements
Leasehold and Improvements
Buildings and Improvements
Machinery, Furniture and Equipment
Furniture, Fixtures and Office Equipment
Construction in Progress and Advance Payments
Accumulated Depreciation and Impairment
Accumulated Depreciation
Net Intangible Assets
Gross Goodwill and Other Intangible Assets
Goodwill
Intangibles other than Goodwill
Software and Technology
Other Intangible Assets
Accumulated Amortization and Impairment
Accumulated Amortization of Intangible Assets
Accumulated Amortization of Intangibles other than Goodwill
Accumulated Amortization of Software and Technology
Accumulated Amortization of Other Intangible Assets
Total Long Term Investments
Other Non-Current Assets
Total Liabilities
Total Current Liabilities
Payables and Accrued Expenses, Current
Trade and Other Payables, Current
Trade/Accounts Payable, Current
Taxes Payable, Current
Accrued Expenses, Current
Financial Liabilities, Current
Current Debt and Capital Lease Obligation
Current Debt
Notes Payable, Current Debt
Total Non-Current Liabilities
Financial Liabilities, Non-Current
Long Term Debt and Capital Lease Obligation
Long Term Debt
Tax Liabilities, Non-Current
Deferred Tax Liabilities, Non-Current
Total Equity
Equity Attributable to Parent Stockholders
2013
19,160,000,000
14,620,000,000
1,925,000,000
1,604,000,000
321,000,000
12,428,000,000
9,329,000,000
2,789,000,000
310,000,000
2014
21,917,000,000
17,565,000,000
2,230,000,000
2,201,000,000
29,000,000
14,957,000,000
10,677,000,000
3,586,000,000
694,000,000
2015
28,881,000,000
20,648,000,000
3,411,000,000
1,393,000,000
2,018,000,000
16,582,000,000
12,398,000,000
4,184,000,000
0
655,000,000
267,000,000
4,540,000,000
858,000,000
2,403,000,000
328,000,000
162,000,000
166,000,000
378,000,000
4,352,000,000
922,000,000
2,862,000,000
348,000,000
162,000,000
186,000,000
1,983,000,000
1,983,000,000
92,000,000
-1,545,000,000
-1,545,000,000
3,445,000,000
4,185,000,000
3,187,000,000
998,000,000
169,000,000
829,000,000
-740,000,000
-740,000,000
-740,000,000
-136,000,000
-604,000,000
196,000,000
41,000,000
11,770,000,000
11,261,000,000
10,158,000,000
9,387,000,000
9,350,000,000
37,000,000
771,000,000
1,103,000,000
1,103,000,000
1,103,000,000
1,103,000,000
509,000,000
509,000,000
509,000,000
509,000,000
2,350,000,000
2,350,000,000
164,000,000
-1,940,000,000
-1,940,000,000
3,345,000,000
4,162,000,000
3,189,000,000
973,000,000
167,000,000
806,000,000
-817,000,000
-817,000,000
-817,000,000
-153,000,000
-664,000,000
31,000,000
54,000,000
13,669,000,000
13,283,000,000
12,190,000,000
10,756,000,000
10,727,000,000
29,000,000
1,434,000,000
1,093,000,000
1,093,000,000
1,093,000,000
1,093,000,000
386,000,000
386,000,000
386,000,000
386,000,000
7,390,000,000
7,390,000,000
1,505,000,000
1,505,000,000
8,248,000,000 13,759,000,000
8,248,000,000 13,759,000,000
8,233,000,000
1,344,000,000
3,849,000,000
649,000,000
352,000,000
297,000,000
3,067,000,000
3,067,000,000
133,000,000
-2,505,000,000
-2,505,000,000
4,427,000,000
5,359,000,000
4,069,000,000
1,290,000,000
245,000,000
1,045,000,000
-932,000,000
-932,000,000
-932,000,000
-176,000,000
-756,000,000
2,348,000,000
114,000,000
15,122,000,000
13,617,000,000
13,617,000,000
12,438,000,000
12,406,000,000
32,000,000
1,179,000,000
0
0
0
0
1,505,000,000
Paid in Capital
Capital Stock
Common Stock
Preferred Stock
Additional Paid in Capital/Share Premium
Treasury Stock
Retained Earnings/Accumulated Deficit
Reserves/Accumulated Comprehensive Income/Losses
Other Equity Interest
Non-Controlling/Minority Interests
Debt Maturity Schedule Total
Debt due in Year 1
Debt due in Year 2
Debt due in Year 3
Debt due in Year 4
Debt due in Year 5
Debt due Beyond
Debt – Interests Charges and Other Adjustments
Operating Lease Obligation Maturity Schedule Total
Operating Lease due in Year 1
Operating Lease due in Year 2
Operating Lease due in Year 3
Operating Lease due in Year 4
Operating Lease due in Year 5
Operating Lease due Beyond
Operating Lease – Interests Charges and Other Adjustments
Other Contractual Obligations Maturity Schedule Total
Other Contractual Obligations due in Year 1
Other Contractual Obligations due in Year 2
Other Contractual Obligations due in Year 3
Other Contractual Obligations due in Year 4
Other Contractual Obligations due in Year 5
Other Contractual Obligations due Beyond
Total Lease Liability
Total Lease Liability ?C Due in year 1
Total Lease Liability ?C Due in year 2
Total Lease Liability ?C Due in year 3
Total Lease Liability ?C Due in year 4
Total Lease Liability ?C Due in year 5
Total Lease Liability ?C Beyond
Total Lease Liability ?C Interest Charges and Other Adjustments
Total Contractual Obligations
Total Contractual Obligations due in year 1
Total Contractual Obligations due in year 2
Total Contractual Obligations due in year 3
Total Contractual Obligations due in year 4
Total Contractual Obligations due in year 5
Total Contractual Obligations due Beyond
Total Contractual Obligations – Interests Charges and Other Adjustments
Fiscal year ends in Dec 31 | USD
13,100,000,000
13,100,000,000
0
13,100,000,000
-61,000,000
7,451,000,000
110,000,000
8,138,000,000
668,000,000
-9,000,000
0
PYPL_cash-flow_Annual_As_Originally_Reported
Cash Flow from Operating Activities, Indirect
Net Cash Flow from Continuing Operating Activities, Indirect
Cash Generated from Operating Activities
Income/Loss before Non-Cash Adjustment
Total Adjustments for Non-Cash Items
Depreciation, Amortization and Depletion, Non-Cash Adjustment
Depreciation and Amortization, Non-Cash Adjustment
Stock-Based Compensation, Non-Cash Adjustment
Taxes, Non-Cash Adjustment
Other Provisions, Non-Cash Adjustment
Net Investment Income/Loss, Non-Cash Adjustment
Gain/Loss on Financial Instruments, Non-Cash Adjustment
Unrealized Gain/Loss on Financial Instruments, Non-Cash Adjustment
Other Non-Cash Items
Excess Tax Benefit from Stock-Based Compensation, Non-Cash Adjustment
Irregular Income/Loss, Non-Cash Adjustment
Gain/Loss on Disposals, Non-Cash Adjustment
Gain/Loss on Disposal/Sale of Other Assets, Non-Cash Adjustment
Changes in Operating Capital
Change in Trade and Other Receivables
Change in Trade/Accounts Receivable
Change in Loans Receivable
Change in Other Receivables
Change in Notes Receivable
Change in Other Current Assets
Change in Payables and Accrued Expenses
Change in Trade and Other Payables
Change in Trade/Accounts Payable
Change in Taxes Payable
Change in Other Payables
Change in Trade Notes Payable
Change in Accrued Expenses
Change in Other Current Liabilities
Change in Other Operating Capital
Cash Flow from Investing Activities
Cash Flow from Continuing Investing Activities
Payment for Loan Granted and Repayments Received, Net
Purchase/Sale and Disposal of Property, Plant and Equipment, Net
Purchase of Property, Plant and Equipment
Sale and Disposal of Property, Plant and Equipment
Purchase/Sale of Business, Net
Purchase/Acquisition of Business
Purchase/Sale of Investments, Net
Purchase of Investments
Sale of Investments
Purchase/Sale of Other Non-Current Assets, Net
Other Investing Cash Flow
Cash Flow from Financing Activities
Cash Flow from Continuing Financing Activities
Issuance of/Payments for Common Stock, Net
Proceeds from Issuance of Common Stock
Payments for Common Stock
Issuance of/Repayments for Debt, Net
Issuance of/Repayments for Long Term Debt, Net
Proceeds from Issuance of Long Term Debt
Repayments for Long Term Debt
Issuance of/Repayments for Short Term Debt, Net
Repayments for Short Term Debt
Other Financing Cash Flow
Excess Tax Benefit from Share-Based Compensation, Financing Activities
Net Movement in Non-Controlling/Minority Interest
Cash and Cash Equivalents, End of Period
Change in Cash
Effect of Exchange Rate Changes
Cash and Cash Equivalents, Beginning of Period
Change in Cash as Reported, Supplemental
Income Tax Paid, Supplemental
Interest Paid, Supplemental
Fiscal year ends in Dec 31 | USD
2013
1,993,000,000
1,993,000,000
1,993,000,000
955,000,000
1,184,000,000
453,000,000
453,000,000
253,000,000
52,000,000
502,000,000
2014
2,220,000,000
2,220,000,000
2,220,000,000
419,000,000
2,100,000,000
516,000,000
516,000,000
299,000,000
680,000,000
646,000,000
2015
2,546,000,000
2,546,000,000
2,546,000,000
1,228,000,000
1,824,000,000
608,000,000
608,000,000
346,000,000
127,000,000
809,000,000
-76,000,000
0
0
0
-146,000,000
80,000,000
1,000,000
0
79,000,000
-41,000,000
-26,000,000
-40,000,000
-40,000,000
-40,000,000
-506,000,000
113,000,000
-22,000,000
14,000,000
121,000,000
-299,000,000
-37,000,000
-13,000,000
-24,000,000
-62,000,000
71,000,000
71,000,000
-13,000,000
41,000,000
43,000,000
-223,000,000
77,000,000
42,000,000
37,000,000
-384,000,000
-165,000,000
-165,000,000
12,000,000
40,000,000
-217,000,000
-2,000,000
-300,000,000
69,000,000
-304,000,000
-1,721,000,000
-1,721,000,000
-793,000,000
-391,000,000
-391,000,000
0
-731,000,000
-731,000,000
-290,000,000
-610,000,000
320,000,000
-39,000,000
-1,546,000,000
-1,546,000,000
-1,023,000,000
-492,000,000
-492,000,000
-2,000,000
-2,000,000
333,000,000
-76,000,000
409,000,000
423,000,000
-493,000,000
-6,389,000,000
-6,389,000,000
-819,000,000
-696,000,000
-722,000,000
26,000,000
-1,225,000,000
-1,225,000,000
-4,224,000,000
-7,542,000,000
3,318,000,000
484,000,000
-85,000,000
-85,000,000
0
0
-362,000,000
-51,000,000
-51,000,000
575,000,000
3,079,000,000
3,079,000,000
75,000,000
75,000,000
-133,000,000
-21,000,000
-21,000,000
-862,000,000
-133,000,000
-133,000,000
0
76,000,000
-28,000,000
1,604,000,000
187,000,000
3,000,000
1,414,000,000
190,000,000
-28,000,000
-14,000,000
0
41,000,000
-71,000,000
2,201,000,000
623,000,000
-26,000,000
1,604,000,000
597,000,000
-47,000,000
-19,000,000
-862,000,000
-862,000,000
-18,000,000
26,000,000
3,858,000,000
1,393,000,000
-764,000,000
-44,000,000
2,201,000,000
-808,000,000
-216,000,000
-16,000,000

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