For the year ending 2025-12-31, EBAY had -$231M decrease in cash & cash equivalents over the period. $1,434M in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | 2,031 | 1,975 | 2,767 | -1,269 |
| (income) loss from discontinued operations, net of income taxes | 35 | -6 | -8 | 5 |
| Transaction losses | 396 | 353 | 360 | 332 |
| Depreciation and amortization | 407 | 324 | 403 | 442 |
| Stock-based compensation | 607 | 588 | 575 | 494 |
| Loss (gain) on investments and other, net | 17 | -8 | 5 | -21 |
| Deferred income taxes | 44 | -874 | 255 | -780 |
| Change in fair value of warrants | 5 | -158 | -150 | 230 |
| Change in fair value of equity investment-Adevinta | 0 | 156 | -1,782 | 2,691 |
| Change in fair value of equity investment-Adyen | 0 | 57 | 0 | 261 |
| Change in fair value of equity investment-GMarket | 0 | 13 | 96 | 294 |
| Change in fair value of equity investment-Kakao Bank | - | 0 | -2 | 293 |
| Loss on impairment of equity investment in paytm mall-Paytm Mall | - | - | 0 | 0 |
| Loss on extinguishment of debt | - | - | 0 | 0 |
| Other current assets | 153 | -67 | 319 | 33 |
| Other non-current assets | -48 | -37 | -474 | -20 |
| Accounts payable | -4 | -8 | 15 | 6 |
| Accrued expenses and other liabilities | -335 | -644 | -212 | -410 |
| Income taxes payable and other tax liabilities | -985 | 514 | -52 | 40 |
| Net cash provided by continuing operating activities | 2,009 | 2,414 | 2,431 | 2,627 |
| Net cash used in discontinued operating activities | -50 | 0 | -5 | -373 |
| Net cash provided by operating activities | 1,959 | 2,414 | 2,426 | 2,254 |
| Purchases of property and equipment | 525 | 458 | 456 | 449 |
| Purchases of investments | 6,735 | 13,855 | 13,874 | 18,534 |
| Settlement of foreign exchange derivative instruments in equity investments | - | - | 0 | 0 |
| Maturities of investments | - | 12,306 | 14,502 | 20,626 |
| Maturities and sales of investments | 8,661 | - | - | - |
| Exercise of options under warrant | 0 | 108 | 0 | 0 |
| Proceeds from sale of shares in adevinta | - | - | 0 | 8 |
| Proceeds from sale of shares-Adevinta | 0 | 2,410 | - | - |
| Proceeds from sale of shares-Adyen | 0 | 573 | 0 | 800 |
| Proceeds from sale of shares-Aurelia | 0 | 1,036 | - | - |
| Proceeds from sale of shares-GMarket | 0 | 322 | - | - |
| Proceeds from sale of shares-Kakao Bank | 0 | 0 | 106 | 287 |
| Shareholder distributions from equity investments | 227 | - | - | - |
| Acquisitions and other | 208 | 0 | 0 | 208 |
| Other | - | 13 | 38 | 71 |
| Net cash provided by continuing investing activities | - | 2,213 | 240 | 2,459 |
| Net cash provided by discontinued investing activities | - | 0 | 0 | 2 |
| Net cash provided by investing activities | 1,420 | 2,213 | 240 | 2,461 |
| Proceeds from issuance of common stock | 141 | 92 | 83 | 87 |
| Repurchases of common stock | 2,500 | 3,149 | 1,401 | 3,143 |
| Payments for taxes related to net share settlements of restricted stock units and awards | 273 | 188 | 171 | 160 |
| Payments for dividends | 531 | 533 | 528 | 489 |
| Proceeds from issuance of long-term debt, net | - | 0 | 0 | 1,143 |
| Proceeds from issuance of senior notes, net | 994 | - | - | - |
| Repayment of senior notes | 1,225 | 750 | 1,150 | 1,355 |
| Proceeds from issuance of commercial paper | 1,994 | 441 | - | - |
| Repayment of commercial paper | 2,435 | - | - | - |
| Net funds receivable and payable activity | 200 | 305 | 717 | 125 |
| Other | -26 | -24 | 0 | 0 |
| Net cash used in continuing financing activities | - | - | -2,450 | -3,792 |
| Net cash provided by discontinued financing activities | - | - | 0 | 0 |
| Net cash used in financing activities | -3,661 | -3,806 | -2,450 | -3,792 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 51 | -28 | 5 | -57 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | -231 | 793 | 221 | 866 |
EBAY INC (EBAY)
EBAY INC (EBAY)