XML 15 R4.htm IDEA: XBRL DOCUMENT v3.22.2
CONDENSED CONSOLIDATED STATEMENT OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Net revenues $ 2,422 $ 2,668 $ 4,905 $ 5,306
Cost of net revenues 663 672 1,352 1,278
Gross profit 1,759 1,996 3,553 4,028
Operating expenses:        
Sales and marketing 566 559 1,044 1,105
Product development 344 350 645 654
General and administrative 237 250 463 496
Provision for transaction losses 86 103 182 191
Amortization of acquired intangible assets 1 2 2 9
Total operating expenses 1,234 1,264 2,336 2,455
Income from operations 525 732 1,217 1,573
Gain (loss) on equity investments and warrant, net (1,221) (273) (3,512) (309)
Interest and other, net (31) (58) (81) (139)
Income (loss) from continuing operations before income taxes (727) 401 (2,376) 1,125
Income tax benefit (provision) 191 (107) 501 (263)
Income (loss) from continuing operations (536) 294 (1,875) 862
Income (loss) from discontinued operations, net of income taxes 5 10,440 3 10,513
Net income (loss) $ (531) $ 10,734 $ (1,872) $ 11,375
Income (loss) per share - basic:        
Continuing operations (in usd per share) $ (0.96) $ 0.44 $ (3.28) $ 1.27
Discontinued operations (in usd per share) 0.01 15.48 0.01 15.52
Net income (loss) per share - basic (in usd per share) (0.95) 15.92 (3.27) 16.79
Income (loss) per share - diluted:        
Continuing operations (in usd per share) (0.96) 0.43 (3.28) 1.25
Discontinued operations (in usd per share) 0.01 15.25 0.01 15.27
Net income (loss) per share - diluted (in usd per share) $ (0.95) $ 15.68 $ (3.27) $ 16.52
Weighted-average shares:        
Basic (in shares) 556 674 571 678
Diluted (in shares) 556 685 571 689