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Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Net revenues $ 10,537 $ 7,069 $ 3,974
Cost of net revenues (5,374) (4,064) (2,265)
Gross profit 5,163 3,005 1,709
Operating expenses:      
Product and technology development (1,099) (590) (353)
Sales and marketing (1,296) (1,074) (768)
Provision for doubtful accounts (1,073) (435) (133)
General and administrative (661) (465) (327)
Total operating expenses (4,129) (2,564) (1,581)
Income from operations 1,034 441 128
Other income (expenses):      
Interest income and other financial gains 265 138 103
Interest expense and other financial losses [1] (321) (229) (107)
Foreign currency losses, net (198) (109) (43)
Net income before income tax expense 780 241 81
Income tax expense (298) (149) (82)
Equity in earnings of unconsolidated entity 0 (9) 0
Net income (loss) $ 482 $ 83 $ (1)
Basic EPS: Basic net income (loss)      
Available to shareholders per common share - basic (in dollars per share) $ 9.57 $ 1.67 $ (0.08)
Weighted average of outstanding common shares (in shares) 50,345,353 49,802,993 49,740,407
Diluted EPS: Diluted net income (loss)      
Available to shareholders per common share - diluted (in dollars per share) $ 9.53 $ 1.67 $ (0.08)
Weighted average of outstanding common shares (in shares) 51,335,621 49,802,993 49,740,407
Service      
Net revenues $ 9,442 $ 6,149 $ 3,690
Product      
Net revenues $ 1,095 $ 920 $ 284
[1] Includes $49 million of loss on debt extinguishment and premium related to the 2028 Notes repurchase recognized in January 2021. See Note 17 to these audited consolidated financial statements for further detail.