BALANCE SHEET COMPONENTS

12 Months Ended

Dec. 31, 2023

Accounts receivable, net


	December 31,
	2023		2022
	(In millions)
Accounts receivable	$	177	$	144
Allowance for doubtful accounts	(21)		(14)
Accounts receivable, net	$	156	$	130

The following table summarizes the allowance for doubtful accounts activity during the years ended December 31, 2023, 2022 and 2021:


	Year ended December 31,
	2023		2022		2021
	(In millions)
Balance at beginning of year	$	14	$	8	$	7
Net charged to Net income	22		9		4
Charges utilized/ Currency translation adjustments/ Write-offs and other adjustments	(15)		(3)		(3)
Balance at end of year	$	21	$	14	$	8

Credit card receivables and other means of payments, net


	December 31,
	2023		2022
	(In millions)
Credit card receivables and other means of payments	$	3,653	$	2,957
Allowance for chargebacks	(17)		(11)
Allowance for doubtful accounts	(4)		—
Credit card receivables and other means of payments, net	$	3,632	$	2,946

The following tables summarize the allowance for chargebacks and the allowance for doubtful accounts activity during the years ended December 31, 2023, 2022 and 2021:


	Year ended December 31,
	2023		2022		2021
Allowance for chargebacks	(In millions)
Balance at beginning of year	$	11	$	14	$	18
Net charged to Net income	35		13		24
Charges utilized/ Currency translation adjustments/ Write-offs and other adjustments	(29)		(16)		(28)
Balance at end of year	$	17	$	11	$	14

	Year ended December 31,
	2023		2022		2021
Allowance for doubtful accounts	(In millions)
Balance at beginning of year	$	—	$	17	$	24
Net charged (credited) to Net income	4		(2)		(3)
Charges utilized/ Currency translation adjustments/ Write-offs and other adjustments	—		(15)		(4)
Balance at end of year	$	4	$	—	$	17

Other assets


	December 31,
	2023		2022
	(In millions)
VAT credits	$	25	$	17
Income tax credits	26		65
Sales tax credits	54		30
Advance to ATM providers	14		38
Advance to suppliers	46		17
Derivative instruments	1		1
Tax credit from promotional regime in Argentina	15		15
Incentives to be collected	35		59
Receivables with suppliers	3		9
Prepaid expenses	27		38
Other	31		15
Current other assets	$	277	$	304


	December 31,
	2023		2022
	(In millions)
Judicial deposits	$	8	$	205
VAT credits	2		12
Income tax credits	4		22
Derivative instruments	22		—
Other	32		17
Non current other assets	$	68	$	256

Property and equipment, net


	Estimated useful life (years)	December 31,
		2023		2022
		(In millions)
Equipment	3-5	$	248	$	254
Land and building	50 (1)	145		118
Furniture and fixtures	3-10	835		598
Software	3	694		647
Vehicles	4	151		59
Subtotal		2,073		1,676
Accumulated depreciation		(823)		(683)
Property and equipment, net		$	1,250	$	993

(1) Estimated useful life attributable to “building”.


	Year Ended December 31,
	2023		2022		2021
	(In millions)
Cost of net revenues	$	149	$	101	$	50
Product and technology development	232		182		83
Sales and marketing	7		5		2
General and administrative	16		21		10
Depreciation and amortization	$	404	$	309	$	145

Other liabilities


	December 31,
	2023		2022
	(In millions)
Deferred revenue	$	29	$	44
Contingent considerations and escrows from acquisitions	1		11
Customer advances	36		37
Derivative instruments	21		17
Other	32		20
Current other liabilities	$	119	$	129


	December 31,
	2023		2022
	(In millions)
Provisions and contingencies	$	124	$	53
Contingent considerations and escrows from acquisitions	8		7
Joint venture	—		3
Incentives collected in advance	9		13
Derivative instruments	10		7
Salaries and social security payable	—		6
Other	49		6
Non current other liabilities	$	200	$	95