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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 1,434 $ 2,137
Short-term marketable securities 9 49
Accounts receivable, net of allowance of $4 and $5, respectively 888 853
Restricted cash and cash equivalents, current 128 137
Prepaid expenses and other current assets 126 129
Total current assets 2,585 3,305
Restricted cash and cash equivalents, noncurrent 19 19
Property and equipment, net 174 135
Operating lease right-of-use assets 26 31
Intangible assets, net 64 77
Goodwill 318 318
Deferred tax assets, net 802 830
Other assets 39 12
Total assets 4,027 4,727
Current liabilities:    
Accounts payable 57 72
Accrued and other current liabilities 466 451
Operating lease liabilities, current 13 13
Deferred revenue 214 197
Total current liabilities 750 733
Operating lease liabilities, noncurrent 19 27
Other long-term liabilities 37 40
Total liabilities 806 800
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.0001 par value per share; 24,167 shares authorized as of December 31, 2023 and June 30, 2024; zero shares issued and outstanding as of December 31, 2023 and June 30, 2024 0 0
Common stock, $0.0001 par value per share; $2,000,000 shares authorized as of December 31, 2023 and June 30, 2024; 279,046, and $263,573 shares issued and outstanding as of December 31, 2023 and June 30, 2024, respectively 0 0
Additional paid-in capital 6,525 6,382
Accumulated other comprehensive income (loss) (2) 3
Accumulated deficit (3,484) (2,635)
Total stockholders’ equity 3,039 3,750
Total liabilities, redeemable convertible preferred stock, and stockholders’ equity 4,027 4,727
Series A Redeemable Convertible Preferred Stock    
Current liabilities:    
Series A redeemable convertible preferred stock; $0.0001 par value per share; 5,833 shares authorized, issued, and outstanding as of December 31, 2023 and June 30, 2024 $ 182 $ 177