Directions Place your ratio calculations in the PayPal Financial MS Excel on the Ratios sheet for 2013 -2015. Provide the formula used to calculate each ratio in the column to the right of your calculations. For example, for calculating the Gross Margin for a company, you would enter Gross Profit/ Sales (gross profit divided by sales). When calculating values, you should use the SUM function in MS Excel and reference the values directly from the accounting statements provided. You will find an example for the expectations for calculations and the formulas in the attached file with Gross Margin calculated for 2013 - 2015. A 1 2 PROFITABILITY RATIOS 3 PYPL GROSS MARGIN 4 5 PYPL OPERATION MARGIN 6 7 PYPL NETPROFIT MARGIN 8 9 10 LIQUIDITY RATIO 11 PYPL CURRENT RATIO 12 13 PYPL CASH RATIO 14 15 LEVERAGE RATIOS 16 PYPL DEBT TO EQUITY 17 18 OPERATION RETURNS 19 PYPL ROE 20 21 PYPL ROA B 2013 65.26% 2014 64.91% D 2015 63.03% E F FORMULA Gross Profit / Sales A PYPL_income-statement_Annual_As_Originally_Reported Total Revenue Business Revenue Cost of Revenue 6 Cost of Goods and Services 7 Other Cost of Revenue 8 Operating Income/Expenses 9 Selling, General and Administrative Expenses General and Administrative Expenses 10 11 12 Selling and Marketing Expenses Research and Development Expenses Depreciation, Amortization and Depletion Depreciation and Amortization 13 14 15 Total Operating Profit/Loss 16 Non-Operating Income/Expenses, Total Total Net Finance Income/Expense 17 18 Net Interest Income/Expense 19 Interest Expense Net of Capitalized Interest 20 Interest Income 21 Net Investment Income 22 Gain/Loss on Investments and Other Financial Instruments Irregular Income/Expenses 23 24 Restructuring and Reorganization Income/Expense 1 2 Gross Profit 3 456 2014 2015 B E 2013 4,390,000,000 5,209,000,000 5,829,000,000 6,727,000,000 8,025,000,000 9,248,000,000 6,727,000,000 8,025,000,000 9,248,000,000 -2,337,000,000 -2,816,000,000 -3,419,000,000 -2,337,000,000 -2,816,000,000 -3,419,000,000 -3,299,000,000 -3,941,000,000 -4,320,000,000 -2,119,000,000 -2,535,000,000 -2,765,000,000 -1,328,000,000 -1,537,000,000 -1,780,000,000 -791,000,000 -998,000,000 -985,000,000 -727,000,000 -890,000,000 -947,000,000 -453,000,000 -516,000,000 -608,000,000 -453,000,000 -516,000,000 -608,000,000 1,091,000,000 1,268,000,000 1,509,000,000 -7,000,000 -7,000,000 -21,000,000 0 0 -48,000,000 0 -48,000,000 25 Other Income/Expense, Non-Operating 26 Pretax Income 27 Provision for Income Tax 28 Net Income from Continuing Operations 29 Net Income after Extraordinary Items and Discontinued Operations 30 Net Income after Non-Controlling/Minority Interests 31 Net Income Available to Common Stockholders 32 Diluted Net Income Available to Common Stockholders 33 Total Revenue as Reported, Supplemental 34 35 Operating Expense as Reported, Supplemental Total Operating Profit/Loss as Reported, Supplemental Reported Effective Tax Rate 36 37 Reported Normalized Income 38 Reported Normalized Operating Profit 39 Basic EPS 40 Basic EPS from Continuing Operations 41 Diluted EPS 42 Diluted EPS from Continuing Operations 43 Basic Weighted Average Shares Outstanding 44 Diluted Weighted Average Shares Outstanding 45 Reported Normalized Diluted EPS 46 Basic EPS 47 Diluted EPS 48 Basic WASO 49 Diluted WASO 50 Fiscal year ends in Dec 31 | USD 51 -7,000,000 -7,000,000 27,000,000 1,084,000,000 1,261,000,000 1,488,000,000 -129,000,000 -842,000,000 -260,000,000 955,000,000 419,000,000 1,228,000,000 955,000,000 419,000,000 1,228,000,000 955,000,000 419,000,000 1,228,000,000 955,000,000 419,000,000 1,228,000,000 955,000,000 419,000,000 1,228,000,000 6,727,000,000 8,025,000,000 9,248,000,000 -5,636,000,000 -6,757,000,000 -7,787,000,000 1,091,000,000 1,268,000,000 1,461,000,000 0.119 0.67 0.175 1,186,000,000 1,343,000,000 1,588,000,000 1,411,000,000 1,648,000,000 1,975,000,000 0.31 1.00 0.31 1.00 0.31 1.00 0.31 1.00 1,251,000,000 1,222,000,000 1,262,000,000 1,229,000,000 1.10 1.29 0.31 1.00 0.31 1.00 1,251,000,000 1,222,000,000 1,262,000,000 1,229,000,000 1 2 Total Assets 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 A PYPL_balance-sheet_Annual_As_Originally_Reported 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 B 2013 2014 D 2015 19,160,000,000 21,917,000,000 28,881,000,000 14,620,000,000 17,565,000,000 20,648,000,000 1,925,000,000 2,230,000,000 3,411,000,000 1,604,000,000 2,201,000,000 1,393,000,000 321,000,000 29,000,000 2.018,000,000 12,428,000,000 14,957,000,000 16,582,000,000 9,329,000,000 10,677,000,000 12,398,000,000 2,789,000,000 3,586,000,000 4,184,000,000 310,000,000 694,000,000 0 655,000,000 267,000,000 378,000,000 4,540,000,000 4,352,000,000 8,233,000,000 858,000,000 922,000,000 1,344,000,000 2,403,000,000 2,862,000,000 3,849,000,000 328,000,000 348,000,000 649,000,000 352,000,000 162,000,000 162,000,000 166,000,000 186,000,000 297,000,000 1,983,000,000 2,350,000,000 3,067,000,000 1,983,000,000 2,350,000,000 3,067,000,000 92,000,000 164,000,000 133,000,000 -1,545,000,000 -1,940,000,000 -2,505,000,000 -1,545,000,000 -1,940,000,000 -2,505,000,000 A 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 38 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 Equity Attributable to Parent Stockholders Paid in Capital Capital Stock Common Stock Preferred Stock Additional Paid in Capital/Share Premium Treasury Stock Retained Earnings/Accumulated Deficit ReservestAccumulated Comprehensive Income Losses Other Equity Interest 382839888988283996656&*828288283888~** 30 31 34 37 40 42 43 45 46 47 48 50 51 54 55 Total Equity 57 60 61 C D B 3,445,000,000 3,345,000,000 4,427,000,000 4,185,000,000 4,162,000,000 5,359,000,000 3,187,000,000 3,189,000,000 4,069,000,000 998,000,000 973,000,000 1,290,000,000 169,000,000 167,000,000 245,000,000 829,000,000 806,000,000 1,045,000,000 -740,000,000 -817,000,000 -932,000,000 -740,000,000 -817,000,000 -932,000,000 -740,000,000 -817,000,000 -932,000,000 -136,000,000 -153,000,000 -176,000,000 -604,000,000 -664,000,000 -756,000,000 196,000,000 31,000,000 2,348,000,000 54,000,000 114,000,000 41,000,000 11,770,000,000 13,669,000,000 15,122,000,000 11,261,000,000 13,283,000,000 13,617,000,000 10,158,000,000 12,190,000,000 13,617,000,000 9,387,000,000 10,756,000,000 12,438,000,000 9,350,000,000 10,727,000,000 12,406,000,000 37,000,000 29,000,000 32,000,000 771,000,000 1,434,000,000 1,179,000,000 0 1,103,000,000 1,093,000,000 1,103,000,000 1,093,000,000 0 0 1,103,000,000 1,093,000,000 1,103,000,000 1,093,000,000 0 509,000,000 386,000,000 1,505,000,000 509,000,000 386,000,000 509,000,000 386,000,000 509,000,000 386,000,000 1,505,000,000 1,505,000,000 7,390,000,000 8,248,000,000 13,759,000,000 7,390,000,000 8,248,000,000 13,759,000,000 13,100,000,000 13,100,000,000 0 13,100,000,000 668,000,000 110,000,000 -9,000,000 -61,000,000 7,451,000,000 8,138,000,000 0 E 1 2 PYPL_cash-flow_Annual_As_Originally_Reported 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 Irregular Tax Benefit from Stock-Based Compensation, Non-Cash Adjustment IncomeLoss, Non-Cash Adjustment Gair Loss on Disposals, Non-Cash Adjustment Gain Loss on DisposallSale 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 36 Cash Flow from Investing Activities 23456789012BH56792012232425678930313233 34 35 36 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 C 2014 D 2015 B 2013 1,993,000,000 2,220,000,000 2,546,000,000 1,993,000,000 2,220,000,000 2,546,000,000 1,993,000,000 2,220,000,000 2,546,000,000 955,000,000 419,000,000 1,228,000,000 1,184,000,000 2,100,000,000 1,824,000,000 453,000,000 516,000,000 608,000,000 453,000,000 516,000,000 608,000,000 253,000,000 299,000,000 346,000,000 52,000,000 680,000,000 127,000,000 502,000,000 646,000,000 809,000,000 -76,000,000 -41,000,000 -26,000,000 0 -40,000,000 0 -40,000,000 0 -40,000,000 -146,000,000 -299,000,000 -506,000,000 80,000,000 -37,000,000 113,000,000 1,000,000 -13,000,000 -22,000,000 0 14,000,000 79,000,000 121,000,000 -24,000,000 -384,000,000 -62,000,000 71,000,000 -223,000,000 -165,000,000 71,000,000 77,000,000 -165,000,000 -13,000,000 42,000,000 12,000,000 41,000,000 37,000,000 40,000,000 43,000,000 -217,000,000 -2,000,000 -300,000,000 69,000,000 423,000,000 -304,000,000 -39,000,000 -493,000,000 -1,721,000,000 -1,546,000,000 -6,389,000,000 EN BASE A CON PARA 34 35 38 37 38 390=234545 7 48 Change in Other Current Liabilities Change in Other Operating Capital 36 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 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 57 58 Issuance of Repayments for Short Term Debt, Net Repayments for Short Term Debt 59 60 Other Financing Cash Flow 61 Excess Tax Benefit from Share-Based Compensation, Financing Activities Net Movement in Non-Controlling/Minority Interest 62 63 Cash and Cash Equivalents, End of Period 64 Change in Cash 65 Effect of Exchange Rate Changes 66 67 Cash and Cash Equivalents, Beginning of Period Change in Cash as Reported, Supplemental Income Tax Paid, Supplemental 41 46 47 49 Cash Flow from Financing Activities 50 3 4 55 56 51 52 53 54 2883 68 69 Interest Paid, Supplemental 70 Fiscal year ends in Dec 311 USD 69,000,000 423,000,000 -304,000,000 -39,000,000 -493,000,000 -1,721,000,000 -1,546,000,000 -6,389,000,000 -1,721,000,000 -1,546,000,000 -6,389,000,000 -793,000,000 -1,023,000,000 -819,000,000 -391,000,000 -492,000,000 -696,000,000 -391,000,000 -492,000,000 -722,000,000 0 26,000,000 -731,000,000 -731,000,000 -290,000,000 -610,000,000 320,000,000 -2,000,000 -1,225,000,000 -2,000,000 -1,225,000,000 333,000,000 -4,224,000,000 -76,000,000 -7,542,000,000 409,000,000 3,318,000,000 -362,000,000 575,000,000 -51,000,000 3,079,000,000 -51,000,000 3,079,000,000 75,000,000 484,000,000 -85,000,000 -85,000,000 0 0 75,000,000 -133,000,000 -21,000,000 -862,000,000 -21,000,000 -133,000,000 -862,000,000 -862,000,000 -133,000,000 0 0 -18,000,000 26,000,000 -71,000,000 3,858,000,000 76,000,000 -28,000,000 41,000,000 1,604,000,000 2,201,000,000 1,393,000,000 187,000,000 623,000,000 -764,000,000 3,000,000 -26,000,000 -44,000,000 1,414,000,000 1,604,000,000 2,201,000,000 190,000,000 597,000,000 -808,000,000 -28,000,000 -47,000,000 -216,000,000 -14,000,000 -19,000,000 -16,000,000 MERE 200 Directions Place your ratio calculations in the PayPal Financial MS Excel on the Ratios sheet for 2013 -2015. Provide the formula used to calculate each ratio in the column to the right of your calculations. For example, for calculating the Gross Margin for a company, you would enter Gross Profit/ Sales (gross profit divided by sales). When calculating values, you should use the SUM function in MS Excel and reference the values directly from the accounting statements provided. You will find an example for the expectations for calculations and the formulas in the attached file with Gross Margin calculated for 2013 - 2015. A 1 2 PROFITABILITY RATIOS 3 PYPL GROSS MARGIN 4 5 PYPL OPERATION MARGIN 6 7 PYPL NETPROFIT MARGIN 8 9 10 LIQUIDITY RATIO 11 PYPL CURRENT RATIO 12 13 PYPL CASH RATIO 14 15 LEVERAGE RATIOS 16 PYPL DEBT TO EQUITY 17 18 OPERATION RETURNS 19 PYPL ROE 20 21 PYPL ROA B 2013 65.26% 2014 64.91% D 2015 63.03% E F FORMULA Gross Profit / Sales A PYPL_income-statement_Annual_As_Originally_Reported Total Revenue Business Revenue Cost of Revenue 6 Cost of Goods and Services 7 Other Cost of Revenue 8 Operating Income/Expenses 9 Selling, General and Administrative Expenses General and Administrative Expenses 10 11 12 Selling and Marketing Expenses Research and Development Expenses Depreciation, Amortization and Depletion Depreciation and Amortization 13 14 15 Total Operating Profit/Loss 16 Non-Operating Income/Expenses, Total Total Net Finance Income/Expense 17 18 Net Interest Income/Expense 19 Interest Expense Net of Capitalized Interest 20 Interest Income 21 Net Investment Income 22 Gain/Loss on Investments and Other Financial Instruments Irregular Income/Expenses 23 24 Restructuring and Reorganization Income/Expense 1 2 Gross Profit 3 456 2014 2015 B E 2013 4,390,000,000 5,209,000,000 5,829,000,000 6,727,000,000 8,025,000,000 9,248,000,000 6,727,000,000 8,025,000,000 9,248,000,000 -2,337,000,000 -2,816,000,000 -3,419,000,000 -2,337,000,000 -2,816,000,000 -3,419,000,000 -3,299,000,000 -3,941,000,000 -4,320,000,000 -2,119,000,000 -2,535,000,000 -2,765,000,000 -1,328,000,000 -1,537,000,000 -1,780,000,000 -791,000,000 -998,000,000 -985,000,000 -727,000,000 -890,000,000 -947,000,000 -453,000,000 -516,000,000 -608,000,000 -453,000,000 -516,000,000 -608,000,000 1,091,000,000 1,268,000,000 1,509,000,000 -7,000,000 -7,000,000 -21,000,000 0 0 -48,000,000 0 -48,000,000 25 Other Income/Expense, Non-Operating 26 Pretax Income 27 Provision for Income Tax 28 Net Income from Continuing Operations 29 Net Income after Extraordinary Items and Discontinued Operations 30 Net Income after Non-Controlling/Minority Interests 31 Net Income Available to Common Stockholders 32 Diluted Net Income Available to Common Stockholders 33 Total Revenue as Reported, Supplemental 34 35 Operating Expense as Reported, Supplemental Total Operating Profit/Loss as Reported, Supplemental Reported Effective Tax Rate 36 37 Reported Normalized Income 38 Reported Normalized Operating Profit 39 Basic EPS 40 Basic EPS from Continuing Operations 41 Diluted EPS 42 Diluted EPS from Continuing Operations 43 Basic Weighted Average Shares Outstanding 44 Diluted Weighted Average Shares Outstanding 45 Reported Normalized Diluted EPS 46 Basic EPS 47 Diluted EPS 48 Basic WASO 49 Diluted WASO 50 Fiscal year ends in Dec 31 | USD 51 -7,000,000 -7,000,000 27,000,000 1,084,000,000 1,261,000,000 1,488,000,000 -129,000,000 -842,000,000 -260,000,000 955,000,000 419,000,000 1,228,000,000 955,000,000 419,000,000 1,228,000,000 955,000,000 419,000,000 1,228,000,000 955,000,000 419,000,000 1,228,000,000 955,000,000 419,000,000 1,228,000,000 6,727,000,000 8,025,000,000 9,248,000,000 -5,636,000,000 -6,757,000,000 -7,787,000,000 1,091,000,000 1,268,000,000 1,461,000,000 0.119 0.67 0.175 1,186,000,000 1,343,000,000 1,588,000,000 1,411,000,000 1,648,000,000 1,975,000,000 0.31 1.00 0.31 1.00 0.31 1.00 0.31 1.00 1,251,000,000 1,222,000,000 1,262,000,000 1,229,000,000 1.10 1.29 0.31 1.00 0.31 1.00 1,251,000,000 1,222,000,000 1,262,000,000 1,229,000,000 1 2 Total Assets 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 A PYPL_balance-sheet_Annual_As_Originally_Reported 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 B 2013 2014 D 2015 19,160,000,000 21,917,000,000 28,881,000,000 14,620,000,000 17,565,000,000 20,648,000,000 1,925,000,000 2,230,000,000 3,411,000,000 1,604,000,000 2,201,000,000 1,393,000,000 321,000,000 29,000,000 2.018,000,000 12,428,000,000 14,957,000,000 16,582,000,000 9,329,000,000 10,677,000,000 12,398,000,000 2,789,000,000 3,586,000,000 4,184,000,000 310,000,000 694,000,000 0 655,000,000 267,000,000 378,000,000 4,540,000,000 4,352,000,000 8,233,000,000 858,000,000 922,000,000 1,344,000,000 2,403,000,000 2,862,000,000 3,849,000,000 328,000,000 348,000,000 649,000,000 352,000,000 162,000,000 162,000,000 166,000,000 186,000,000 297,000,000 1,983,000,000 2,350,000,000 3,067,000,000 1,983,000,000 2,350,000,000 3,067,000,000 92,000,000 164,000,000 133,000,000 -1,545,000,000 -1,940,000,000 -2,505,000,000 -1,545,000,000 -1,940,000,000 -2,505,000,000 A 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 38 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 Equity Attributable to Parent Stockholders Paid in Capital Capital Stock Common Stock Preferred Stock Additional Paid in Capital/Share Premium Treasury Stock Retained Earnings/Accumulated Deficit ReservestAccumulated Comprehensive Income Losses Other Equity Interest 382839888988283996656&*828288283888~** 30 31 34 37 40 42 43 45 46 47 48 50 51 54 55 Total Equity 57 60 61 C D B 3,445,000,000 3,345,000,000 4,427,000,000 4,185,000,000 4,162,000,000 5,359,000,000 3,187,000,000 3,189,000,000 4,069,000,000 998,000,000 973,000,000 1,290,000,000 169,000,000 167,000,000 245,000,000 829,000,000 806,000,000 1,045,000,000 -740,000,000 -817,000,000 -932,000,000 -740,000,000 -817,000,000 -932,000,000 -740,000,000 -817,000,000 -932,000,000 -136,000,000 -153,000,000 -176,000,000 -604,000,000 -664,000,000 -756,000,000 196,000,000 31,000,000 2,348,000,000 54,000,000 114,000,000 41,000,000 11,770,000,000 13,669,000,000 15,122,000,000 11,261,000,000 13,283,000,000 13,617,000,000 10,158,000,000 12,190,000,000 13,617,000,000 9,387,000,000 10,756,000,000 12,438,000,000 9,350,000,000 10,727,000,000 12,406,000,000 37,000,000 29,000,000 32,000,000 771,000,000 1,434,000,000 1,179,000,000 0 1,103,000,000 1,093,000,000 1,103,000,000 1,093,000,000 0 0 1,103,000,000 1,093,000,000 1,103,000,000 1,093,000,000 0 509,000,000 386,000,000 1,505,000,000 509,000,000 386,000,000 509,000,000 386,000,000 509,000,000 386,000,000 1,505,000,000 1,505,000,000 7,390,000,000 8,248,000,000 13,759,000,000 7,390,000,000 8,248,000,000 13,759,000,000 13,100,000,000 13,100,000,000 0 13,100,000,000 668,000,000 110,000,000 -9,000,000 -61,000,000 7,451,000,000 8,138,000,000 0 E 1 2 PYPL_cash-flow_Annual_As_Originally_Reported 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 Irregular Tax Benefit from Stock-Based Compensation, Non-Cash Adjustment IncomeLoss, Non-Cash Adjustment Gair Loss on Disposals, Non-Cash Adjustment Gain Loss on DisposallSale 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 36 Cash Flow from Investing Activities 23456789012BH56792012232425678930313233 34 35 36 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 C 2014 D 2015 B 2013 1,993,000,000 2,220,000,000 2,546,000,000 1,993,000,000 2,220,000,000 2,546,000,000 1,993,000,000 2,220,000,000 2,546,000,000 955,000,000 419,000,000 1,228,000,000 1,184,000,000 2,100,000,000 1,824,000,000 453,000,000 516,000,000 608,000,000 453,000,000 516,000,000 608,000,000 253,000,000 299,000,000 346,000,000 52,000,000 680,000,000 127,000,000 502,000,000 646,000,000 809,000,000 -76,000,000 -41,000,000 -26,000,000 0 -40,000,000 0 -40,000,000 0 -40,000,000 -146,000,000 -299,000,000 -506,000,000 80,000,000 -37,000,000 113,000,000 1,000,000 -13,000,000 -22,000,000 0 14,000,000 79,000,000 121,000,000 -24,000,000 -384,000,000 -62,000,000 71,000,000 -223,000,000 -165,000,000 71,000,000 77,000,000 -165,000,000 -13,000,000 42,000,000 12,000,000 41,000,000 37,000,000 40,000,000 43,000,000 -217,000,000 -2,000,000 -300,000,000 69,000,000 423,000,000 -304,000,000 -39,000,000 -493,000,000 -1,721,000,000 -1,546,000,000 -6,389,000,000 EN BASE A CON PARA 34 35 38 37 38 390=234545 7 48 Change in Other Current Liabilities Change in Other Operating Capital 36 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 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 57 58 Issuance of Repayments for Short Term Debt, Net Repayments for Short Term Debt 59 60 Other Financing Cash Flow 61 Excess Tax Benefit from Share-Based Compensation, Financing Activities Net Movement in Non-Controlling/Minority Interest 62 63 Cash and Cash Equivalents, End of Period 64 Change in Cash 65 Effect of Exchange Rate Changes 66 67 Cash and Cash Equivalents, Beginning of Period Change in Cash as Reported, Supplemental Income Tax Paid, Supplemental 41 46 47 49 Cash Flow from Financing Activities 50 3 4 55 56 51 52 53 54 2883 68 69 Interest Paid, Supplemental 70 Fiscal year ends in Dec 311 USD 69,000,000 423,000,000 -304,000,000 -39,000,000 -493,000,000 -1,721,000,000 -1,546,000,000 -6,389,000,000 -1,721,000,000 -1,546,000,000 -6,389,000,000 -793,000,000 -1,023,000,000 -819,000,000 -391,000,000 -492,000,000 -696,000,000 -391,000,000 -492,000,000 -722,000,000 0 26,000,000 -731,000,000 -731,000,000 -290,000,000 -610,000,000 320,000,000 -2,000,000 -1,225,000,000 -2,000,000 -1,225,000,000 333,000,000 -4,224,000,000 -76,000,000 -7,542,000,000 409,000,000 3,318,000,000 -362,000,000 575,000,000 -51,000,000 3,079,000,000 -51,000,000 3,079,000,000 75,000,000 484,000,000 -85,000,000 -85,000,000 0 0 75,000,000 -133,000,000 -21,000,000 -862,000,000 -21,000,000 -133,000,000 -862,000,000 -862,000,000 -133,000,000 0 0 -18,000,000 26,000,000 -71,000,000 3,858,000,000 76,000,000 -28,000,000 41,000,000 1,604,000,000 2,201,000,000 1,393,000,000 187,000,000 623,000,000 -764,000,000 3,000,000 -26,000,000 -44,000,000 1,414,000,000 1,604,000,000 2,201,000,000 190,000,000 597,000,000 -808,000,000 -28,000,000 -47,000,000 -216,000,000 -14,000,000 -19,000,000 -16,000,000 MERE 200