PayPal Holdings Inc., adjusted total assets

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Total assets	78,717)	75,803)	70,379)	51,333)	43,332)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	586)
Less: Deferred tax assets, non-current (included in Other assets)²	1,310)	547)	142)	396)	224)
After Adjustment
Adjusted total assets	77,407)	75,256)	70,237)	50,937)	43,694)

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² Deferred tax assets, non-current (included in Other assets). See details »

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PayPal Holdings Inc., adjusted total liabilities

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Total liabilities	58,443)	54,076)	50,316)	34,404)	27,946)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	586)
Less: Deferred tax liabilities, non-current (included in Deferred tax liability and other long-term liabilities)²	25)	186)	75)	89)	109)
Less: Restructuring reserve	24)	5)	55)	9)	3)
After Adjustment
Adjusted total liabilities	58,394)	53,885)	50,186)	34,306)	28,420)

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Deferred tax liabilities, non-current (included in Deferred tax liability and other long-term liabilities). See details »

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PayPal Holdings Inc., adjusted total PayPal stockholders’ equity

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Total PayPal stockholders’ equity	20,274)	21,727)	20,019)	16,885)	15,386)
Adjustments
Less: Net deferred tax assets (liabilities)¹	1,285)	361)	67)	307)	115)
Add: Restructuring reserve	24)	5)	55)	9)	3)
Add: Noncontrolling interest	—)	—)	44)	44)	—)
After Adjustment
Adjusted total equity	19,013)	21,371)	20,051)	16,631)	15,274)

¹ Net deferred tax assets (liabilities). See details »

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PayPal Holdings Inc., adjusted capitalization table

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Short-term debt	—)	—)	—)	—)	1,998)
Current portion of long-term debt	418)	999)	—)	—)	—)
Long-term debt, excluding current portion	10,417)	8,049)	8,939)	4,965)	—)
Total reported debt	10,835)	9,048)	8,939)	4,965)	1,998)
Total PayPal stockholders’ equity	20,274)	21,727)	20,019)	16,885)	15,386)
Total reported capital	31,109)	30,775)	28,958)	21,850)	17,384)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	586)
Add: Current operating lease liabilities (included in Accrued expenses and other current liabilities)²	151)	142)	144)	104)	—)
Add: Operating lease liabilities (included in Deferred tax liability and other long-term liabilities)³	569)	620)	642)	403)	—)
Adjusted total debt	11,555)	9,810)	9,725)	5,472)	2,584)
Adjustments to Equity
Less: Net deferred tax assets (liabilities)⁴	1,285)	361)	67)	307)	115)
Add: Restructuring reserve	24)	5)	55)	9)	3)
Add: Noncontrolling interest	—)	—)	44)	44)	—)
Adjusted total equity	19,013)	21,371)	20,051)	16,631)	15,274)
After Adjustment
Adjusted total capital	30,568)	31,181)	29,776)	22,103)	17,858)

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Current operating lease liabilities (included in Accrued expenses and other current liabilities). See details »

³ Operating lease liabilities (included in Deferred tax liability and other long-term liabilities). See details »

⁴ Net deferred tax assets (liabilities). See details »

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PayPal Holdings Inc., adjusted net income

US$ in millions

12 months ended:	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Net income	2,419)	4,169)	4,202)	2,459)	2,057)
Adjustments
Add: Deferred income tax expense (benefit)¹	(811)	(482)	165)	(269)	(171)
Add: Increase (decrease) in restructuring reserve	19)	(50)	46)	6)	3)
Add: Other comprehensive income (loss), net of tax	(792)	348)	(311)	(251)	220)
After Adjustment
Adjusted net income	835)	3,985)	4,102)	1,945)	2,109)

¹ Deferred income tax expense (benefit). See details »

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PayPal Holdings Inc. (NASDAQ:PYPL)

Adjustments to Financial Statements