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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
OPERATING ACTIVITIES    
Net income $ 191 $ 242
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 24 22
Stock-based compensation expense 145 9
Provision for bad debts 12 9
Amortization of operating lease right-of-use assets 6 7
Deferred income taxes 27 18
Other 2 (7)
Changes in operating assets and liabilities, net of effects of business acquisitions:    
Accounts receivable (49) 69
Prepaid expenses and other assets (22) 11
Accounts payable (16) (41)
Accrued and other current liabilities 20 (97)
Deferred revenue 18 20
Operating lease liabilities (7) (7)
Other long-term liabilities (2) (13)
Net cash provided by operating activities 349 242
INVESTING ACTIVITIES    
Purchases of marketable securities (5) (80)
Maturities of marketable securities 44 191
Purchases of property and equipment, including capitalized internal-use software (38) (22)
Other investing activities (1) 0
Net cash provided by investing activities 0 89
FINANCING ACTIVITIES    
Taxes paid related to net share settlement of equity awards (89) 0
Proceeds from exercise of stock options 74 0
Deferred offering costs paid 0 (1)
Repurchases of common stock (1,040) 0
Net cash used in financing activities (1,055) (1)
Effect of foreign exchange on cash, cash equivalents, and restricted cash and cash equivalents (6) 3
Net increase (decrease) in cash, cash equivalents, and restricted cash and cash equivalents (712) 333
Cash, cash equivalents, and restricted cash and cash equivalents - beginning of period 2,293 1,599
Cash, cash equivalents, and restricted cash and cash equivalents - end of period 1,581 1,932
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash paid for income taxes, net of tax refunds 12 34
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Stock-based compensation capitalized as internal-use software 18 1
Changes in accrued purchases of property and equipment, including capitalized internal-use software (5) 6
Accretion of Series A redeemable convertible preferred stock 5 0
RECONCILIATION OF CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AND CASH EQUIVALENTS TO THE CONDENSED CONSOLIDATED BALANCE SHEETS    
Cash and cash equivalents 1,434 1,838
Restricted cash and cash equivalents, current 128 75
Restricted cash and cash equivalents, noncurrent 19 19
Total cash, cash equivalents, and restricted cash and cash equivalents $ 1,581 $ 1,932