2014 Q4 Form 10-K Financial Statement

#000163391716000113 Filed on February 11, 2016

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2014 Q2
Revenue $2.193B $1.975B $1.983B
YoY Change
Cost Of Revenue $1.003B $974.0M $932.0M
YoY Change
Gross Profit $1.190B $1.001B $1.051B
YoY Change
Gross Profit Margin 54.26% 50.68% 53.0%
Selling, General & Admin $614.0M $368.0M $375.0M
YoY Change
% of Gross Profit 51.6% 36.76% 35.68%
Research & Development $96.00M $232.0M $221.0M
YoY Change
% of Gross Profit 8.07% 23.18% 21.03%
Depreciation & Amortization $132.0M $129.0M $125.0M
YoY Change
% of Gross Profit 11.09% 12.89% 11.89%
Operating Expenses $842.0M $729.0M $1.653B
YoY Change
Operating Profit $348.0M $272.0M $330.0M
YoY Change
Interest Expense $7.000M -$1.000M -$4.000M
YoY Change
% of Operating Profit 2.01% -0.37% -1.21%
Other Income/Expense, Net -$8.000M $5.000M -$4.000M
YoY Change
Pretax Income $347.0M $276.0M $326.0M
YoY Change
Income Tax $61.00M $42.00M $45.00M
% Of Pretax Income 17.58% 15.22% 13.8%
Net Earnings $286.0M $234.0M $281.0M
YoY Change
Net Earnings / Revenue 13.04% 11.85% 14.17%
Basic Earnings Per Share $0.23 $0.19 $0.23
Diluted Earnings Per Share $0.23 $0.19 $0.23
COMMON SHARES
Basic Shares Outstanding 1.218B shares 1.218B shares 1.218B shares
Diluted Shares Outstanding 1.224B shares 1.224B shares 1.224B shares

Balance Sheet

Concept 2014 Q4 2014 Q3 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.230B
YoY Change
Cash & Equivalents $2.201B $2.096B
Short-Term Investments $29.00M
Other Short-Term Assets $378.0M
YoY Change
Inventory
Prepaid Expenses
Receivables $65.00M
Other Receivables $14.89B
Total Short-Term Assets $17.57B
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $922.0M
YoY Change
Goodwill $3.189B
YoY Change 0.06%
Intangibles
YoY Change
Long-Term Investments $31.00M
YoY Change
Other Assets $54.00M
YoY Change
Total Long-Term Assets $4.352B
YoY Change
TOTAL ASSETS
Total Short-Term Assets $17.57B
Total Long-Term Assets $4.352B
Total Assets $21.92B
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $115.0M
YoY Change
Accrued Expenses $1.434B
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $1.093B
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $13.28B
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $241.0M
YoY Change
Total Long-Term Liabilities $386.0M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $13.28B
Total Long-Term Liabilities $386.0M
Total Liabilities $13.67B
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings $0.00
YoY Change
Common Stock $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.248B
YoY Change
Total Liabilities & Shareholders Equity $21.92B
YoY Change

Cashflow Statement

Concept 2014 Q4 2014 Q3 2014 Q2
OPERATING ACTIVITIES
Net Income $286.0M $234.0M $281.0M
YoY Change
Depreciation, Depletion And Amortization $132.0M $129.0M $125.0M
YoY Change
Cash From Operating Activities $631.0M $604.0M $560.0M
YoY Change
INVESTING ACTIVITIES
Capital Expenditures -$123.0M -$173.0M -$96.00M
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$1.869B -$266.0M -$530.0M
YoY Change
Cash From Investing Activities -$1.992B -$439.0M -$626.0M
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.312B 15.00M -37.00M
YoY Change
NET CHANGE
Cash From Operating Activities 631.0M 604.0M 560.0M
Cash From Investing Activities -1.992B -439.0M -626.0M
Cash From Financing Activities 1.312B 15.00M -37.00M
Net Change In Cash -49.00M 180.0M -103.0M
YoY Change
FREE CASH FLOW
Cash From Operating Activities $631.0M $604.0M $560.0M
Capital Expenditures -$123.0M -$173.0M -$96.00M
Free Cash Flow $754.0M $777.0M $656.0M
YoY Change

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516000000 USD
CY2015 us-gaap Depreciation And Amortization
DepreciationAndAmortization
608000000 USD
CY2013 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
453000000 USD
CY2014 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
516000000 USD
CY2015 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
608000000 USD
CY2015Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
25000000 USD
CY2015Q4 us-gaap Derivative Assets
DerivativeAssets
72000000 USD
CY2014Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
135000000 USD
CY2015Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
97000000 USD
CY2014Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
7000000 USD
CY2015Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
25000000 USD
CY2014Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
128000000 USD
CY2015Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
72000000 USD
CY2013 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-1000000 USD
CY2014 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-38000000 USD
CY2015 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
199000000 USD
CY2015Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
25000000 USD
CY2014Q4 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
694000000 USD
CY2015Q4 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
0 USD
CY2014Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
1093000000 USD
CY2015Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
0 USD
CY2013 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.78
CY2014Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.31
CY2014Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.23
CY2014Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.19
CY2014Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.23
CY2014 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.34
CY2015Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.21
CY2015Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.25
CY2015Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.25
CY2015Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.30
CY2015 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.00
CY2013 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.78
CY2014Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.31
CY2014Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.23
CY2014Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.19
CY2014Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.23
CY2014 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.34
CY2015Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.21
CY2015Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.25
CY2015Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.25
CY2015Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.30
CY2015 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.00
CY2013 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
3000000 USD
CY2014 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-26000000 USD
CY2015 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-44000000 USD
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.119
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.668
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.175
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2013 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.003
CY2014 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.000
CY2015 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.003
CY2013 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.226
CY2014 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.222
CY2015 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.209
CY2013 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.011
CY2014 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.015
CY2015 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.015
CY2013 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.001
CY2014 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.017
CY2015 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.026
CY2013 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
0.000
CY2014 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
0.508
CY2015 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
0.000
CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.001
CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.008
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1084000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1261000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1488000000 USD
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
76000000 USD
CY2014 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
41000000 USD
CY2015 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
26000000 USD
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
76000000 USD
CY2014 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
41000000 USD
CY2015 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
26000000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
817000000 USD
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.003
CY2013 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.013
CY2014 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.008
CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.007
CY2013 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
10000000 USD
CY2014 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
10000000 USD
CY2015 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
7000000 USD
CY2015Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
664000000 USD
CY2013 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
60000000 USD
CY2014 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
77000000 USD
CY2015 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
98000000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
932000000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
0 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
151000000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
17000000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
23000000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
68000000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
99000000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
973000000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1290000000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
156000000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
358000000 USD
CY2015Q4 us-gaap Foreign Currency Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months
ForeignCurrencyCashFlowHedgeGainLossToBeReclassifiedDuringNext12Months
52000000 USD
CY2013 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
0 USD
CY2014 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
0 USD
CY2015 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
40000000 USD
CY2013 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
378000000 USD
CY2014 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
482000000 USD
CY2015 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
560000000 USD
CY2013Q4 us-gaap Goodwill
Goodwill
3187000000 USD
CY2014Q4 us-gaap Goodwill
Goodwill
3189000000 USD
CY2015Q4 us-gaap Goodwill
Goodwill
4069000000 USD
CY2014 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0 USD
CY2015 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
886000000 USD
CY2014 us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
2000000 USD
CY2015 us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
-6000000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
3000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-111000000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
1081000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
1372000000 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
842000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-253000000 USD
CY2013 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
41000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
1741000000 USD
CY2014Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
36000000 USD
CY2015Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
54000000 USD
CY2015 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
16000000 USD
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
129000000 USD
CY2013 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1000000 USD
CY2014 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
13000000 USD
CY2015 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
22000000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
260000000 USD
CY2013 us-gaap Income Tax Holiday Aggregate Dollar Amount
IncomeTaxHolidayAggregateDollarAmount
211000000 USD
CY2014 us-gaap Income Tax Holiday Aggregate Dollar Amount
IncomeTaxHolidayAggregateDollarAmount
217000000 USD
CY2015 us-gaap Income Tax Holiday Aggregate Dollar Amount
IncomeTaxHolidayAggregateDollarAmount
285000000 USD
CY2013 us-gaap Income Tax Holiday Income Tax Benefits Per Share
IncomeTaxHolidayIncomeTaxBenefitsPerShare
0.17
CY2014 us-gaap Income Tax Holiday Income Tax Benefits Per Share
IncomeTaxHolidayIncomeTaxBenefitsPerShare
0.18
CY2015 us-gaap Income Tax Holiday Income Tax Benefits Per Share
IncomeTaxHolidayIncomeTaxBenefitsPerShare
0.23
CY2013 us-gaap Income Taxes Paid
IncomeTaxesPaid
28000000 USD
CY2014 us-gaap Income Taxes Paid
IncomeTaxesPaid
47000000 USD
CY2015 us-gaap Income Taxes Paid
IncomeTaxesPaid
216000000 USD
CY2013 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-13000000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
42000000 USD
CY2015 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
12000000 USD
CY2014 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
37000000 USD
CY2015 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
40000000 USD
CY2013 us-gaap Increase Decrease In Due From Affiliates Current
IncreaseDecreaseInDueFromAffiliatesCurrent
-79000000 USD
CY2014 us-gaap Increase Decrease In Due From Affiliates Current
IncreaseDecreaseInDueFromAffiliatesCurrent
24000000 USD
CY2015 us-gaap Increase Decrease In Due From Affiliates Current
IncreaseDecreaseInDueFromAffiliatesCurrent
-121000000 USD
CY2013 us-gaap Increase Decrease In Loans Held For Sale
IncreaseDecreaseInLoansHeldForSale
0 USD
CY2014 us-gaap Increase Decrease In Loans Held For Sale
IncreaseDecreaseInLoansHeldForSale
0 USD
CY2015 us-gaap Increase Decrease In Loans Held For Sale
IncreaseDecreaseInLoansHeldForSale
-14000000 USD
CY2013 us-gaap Increase Decrease In Notes Payable Related Parties Current
IncreaseDecreaseInNotesPayableRelatedPartiesCurrent
43000000 USD
CY2014 us-gaap Increase Decrease In Notes Payable Related Parties Current
IncreaseDecreaseInNotesPayableRelatedPartiesCurrent
-2000000 USD
CY2015 us-gaap Increase Decrease In Notes Payable Related Parties Current
IncreaseDecreaseInNotesPayableRelatedPartiesCurrent
-217000000 USD
CY2013 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
62000000 USD
CY2014 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
38000000 USD
CY2015 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
384000000 USD
CY2013 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
69000000 USD
CY2014 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
113000000 USD
CY2015 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
423000000 USD
CY2013 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
6000000 shares
CY2014 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
6000000 shares
CY2015 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
7000000 shares
CY2013 us-gaap Interest Paid
InterestPaid
14000000 USD
CY2014 us-gaap Interest Paid
InterestPaid
19000000 USD
CY2015 us-gaap Interest Paid
InterestPaid
16000000 USD
CY2013 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
44000000 USD
CY2014 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
43000000 USD
CY2015 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
59000000 USD
CY2014Q4 us-gaap Liabilities
Liabilities
13669000000 USD
CY2015Q4 us-gaap Liabilities
Liabilities
15122000000 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
21917000000 USD
CY2014Q4 us-gaap Liabilities Current
LiabilitiesCurrent
13283000000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
28881000000 USD
CY2015Q4 us-gaap Liabilities Current
LiabilitiesCurrent
13617000000 USD
CY2014Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
386000000 USD
CY2015Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
1505000000 USD
CY2014Q4 us-gaap Long Term Investments
LongTermInvestments
31000000 USD
CY2015Q4 us-gaap Long Term Investments
LongTermInvestments
2348000000 USD
CY2015 us-gaap Maximum Remaining Maturity Of Foreign Currency Derivatives1
MaximumRemainingMaturityOfForeignCurrencyDerivatives1
P18M
CY2013 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-85000000 USD
CY2014 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-51000000 USD
CY2015 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3079000000 USD
CY2013 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1721000000 USD
CY2014 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1546000000 USD
CY2015 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-6389000000 USD
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1993000000 USD
CY2014 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2220000000 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2546000000 USD
CY2013 us-gaap Net Income Loss
NetIncomeLoss
955000000 USD
CY2014Q1 us-gaap Net Income Loss
NetIncomeLoss
-382000000 USD
CY2014 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-7000000 USD
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
281000000 USD
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
234000000 USD
CY2014Q4 us-gaap Net Income Loss
NetIncomeLoss
286000000 USD
CY2014 us-gaap Net Income Loss
NetIncomeLoss
419000000 USD
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
255000000 USD
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
305000000 USD
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
301000000 USD
CY2015Q4 us-gaap Net Income Loss
NetIncomeLoss
367000000 USD
CY2015 us-gaap Net Income Loss
NetIncomeLoss
1228000000 USD
CY2014Q4 us-gaap Noncurrent Assets
NoncurrentAssets
922000000 USD
CY2015Q4 us-gaap Noncurrent Assets
NoncurrentAssets
1344000000 USD
CY2013 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-7000000 USD
CY2015 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
27000000 USD
CY2014Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
3586000000 USD
CY2015Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
4184000000 USD
CY2013 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
3 business
CY2014 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
0 business
CY2015 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
4 business
CY2015 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2015 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2014 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
135000000 USD
CY2015 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
63000000 USD
CY2013 us-gaap Operating Expenses
OperatingExpenses
5636000000 USD
CY2014 us-gaap Operating Expenses
OperatingExpenses
6757000000 USD
CY2015 us-gaap Operating Expenses
OperatingExpenses
7787000000 USD
CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
1091000000 USD
CY2014 us-gaap Operating Income Loss
OperatingIncomeLoss
1268000000 USD
CY2015 us-gaap Operating Income Loss
OperatingIncomeLoss
1461000000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
354000000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
55000000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
32000000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
38000000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
49000000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
51000000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
129000000 USD
CY2014Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
54000000 USD
CY2015Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
114000000 USD
CY2013 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
0 USD
CY2014 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
0 USD
CY2015 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
-16000000 USD
CY2013 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
0 USD
CY2014 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
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0 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
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0 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2014 us-gaap Sales Revenue Net
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CY2015 us-gaap Sales Revenue Net
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9248000000 USD
CY2013 us-gaap Selling And Marketing Expense
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791000000 USD
CY2014 us-gaap Selling And Marketing Expense
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998000000 USD
CY2015 us-gaap Selling And Marketing Expense
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985000000 USD
CY2013 us-gaap Share Based Compensation
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253000000 USD
CY2014 us-gaap Share Based Compensation
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299000000 USD
CY2015 us-gaap Share Based Compensation
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346000000 USD
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.34
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.29
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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0.26
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.006
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.012
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0.014
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P4Y1M6D
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P4Y1M6D
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P4Y3M18D
CY2014Q4 us-gaap Short Term Investments
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29000000 USD
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2018000000 USD
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CY2013Q4 us-gaap Stockholders Equity
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CY2014Q4 us-gaap Stockholders Equity
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29000000 USD
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32000000 USD
CY2015 us-gaap Threshold Period Past Due For Writeoff Of Financing Receivable
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P180D
CY2013Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
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3400000000 USD
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3500000000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits
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CY2014Q4 us-gaap Unrecognized Tax Benefits
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CY2015Q4 us-gaap Unrecognized Tax Benefits
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44000000 USD
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2000000 USD
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1224000000 shares
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1224000000 shares
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1224000000 shares
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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1224000000 shares
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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0 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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5000000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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1000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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10000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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31000000 USD
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68000000 USD
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20000000 USD
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7000000 USD
CY2015Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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1224000000 shares
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1224000000 shares
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1227000000 shares
CY2015Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1230000000 shares
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
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1218000000 shares
CY2014Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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1218000000 shares
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1218000000 shares
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1218000000 shares
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CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
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WeightedAverageNumberOfSharesOutstandingBasic
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CY2015Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2015 us-gaap Advertising Cost Policy Expensed Advertising Cost
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Advertising expense</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We expense the cost of producing advertisements at the time production occurs and expense the cost of communicating advertisements in the period during which the advertising space or airtime is used as sales and marketing expense. Internet advertising expenses are recognized based on the terms of the individual agreements, which is generally over the greater of the ratio of the number of impressions delivered over the total number of contracted impressions, on a pay-per-click basis, or on a straight-line basis over the term of the contract.</font></div></div>
CY2015 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Concentrations of risk</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our cash, cash equivalents, accounts receivable, loans and interest receivable, and funds receivable and customer accounts are potentially subject to concentration of credit risk. Cash, cash equivalents and customer accounts are placed with financial institutions that management believes are of high credit quality. In addition, funds receivable are generated primarily with financial institutions or credit card companies which management believes are of high credit quality. We invest our cash, cash equivalents and customer accounts primarily in highly liquid, highly rated instruments which are uninsured. From time to time, we may also have corporate deposit balances with financial services institutions which exceed the Federal Deposit Insurance Corporation (&#8220;FDIC&#8221;) insurance limit of $250,000. As part of our cash management process, we perform periodic evaluations of the relative credit standing of these financial institutions. Our accounts receivable are derived from revenue earned from customers located in the U.S. and internationally. Our loans and interest receivable are derived primarily from consumer financing activities for customers located in the U.S.</font></div></div>
CY2015 us-gaap Financing Receivable Allowance For Credit Losses Policy For Uncollectible Amounts
FinancingReceivableAllowanceForCreditLossesPolicyForUncollectibleAmounts
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Allowance for negative customer balances</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Negative customer balances occur primarily when there are insufficient funds in a customer&#8217;s PayPal account to cover charges applied for Automated Clearing House (&#8220;ACH&#8221;) returns, debit card transactions, chargebacks, nondelivery or unsatisfactory delivery of goods or services. Negative balances can be cured by the customer by adding funds to the account, receiving payments, or through back-up funding sources. We also utilize third party collection agents. For negative customer balances that are not expected to be cured or otherwise collected, we provide an allowance for uncollectible accounts. The allowance is estimated based on known facts and circumstances, internal factors including our experience with similar cases, and historical trends involving collection and write-off patterns. Negative customer balances are included in other current assets, net of the allowance. Adjustments to the allowance for negative customer balances are recorded as a component of transaction and loan loss.</font></div></div>
CY2015 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of estimates</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of combined and consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the combined and consolidated financial statements and the reported amounts of revenues and expenses, including allocations from eBay, during the reporting period. On an ongoing basis, we evaluate our estimates, including but not limited to those related to provisions for transaction and loan losses, legal contingencies, income taxes, revenue recognition, and the valuation of goodwill and intangible assets. We base our estimates on historical experience and on various other assumptions which we believe to be reasonable under the circumstances. Actual results could differ from these estimates.</font></div></div>

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