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v3.21.1

Supplemental Financial Statement Information (Tables) | 3 Months Ended
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Mar. 31, 2021
Additional Financial Information Disclosure [Abstract] |
Summary of cash equivalents and short-term investments | The following tables summarize the cost or amortized cost, gross unrealized gain, gross unrealized loss and fair value of the Company’s cash equivalents and short-term investments as of the dates indicated (in thousands):
| March 31, 2021
| Cost or Amortized Cost |  | Unrealized |  | Estimated Fair Value
|  | Gains |  | Losses |
Unrestricted Balances(1) |  |  |  |  |  |  |
Money market funds | $ | 88,630 |  |  | $ | — |  |  | $ | — |  |  | $ | 88,630 |
Money market deposit accounts | 180,041 |  |  | — |  |  | — |  |  | 180,041 |
Term deposits | 640,000 |  |  | — |  |  | — |  |  | 640,000 |
Certificates of deposit | 864,376 |  |  | 238 |  |  | (16) |  |  | 864,598 |
Commercial paper | 312,869 |  |  | 18 |  |  | (14) |  |  | 312,873 |
Corporate bonds | 107,642 |  |  | — |  |  | (22) |  |  | 107,620 |
Total unrestricted cash equivalents and short-term investments | 2,193,558 |  |  | 256 |  |  | (52) |  |  | 2,193,762 |
Restricted Balances(2) |  |  |  |  |  |  |
Money market funds | 126,649 |  |  | — |  |  | — |  |  | 126,649 |
Money market deposit accounts | — |  |  | — |  |  | — |  |  | — |
Term deposits | 6,506 |  |  | — |  |  | — |  |  | 6,506 |
Certificates of deposit | 606,178 |  |  | 164 |  |  | (11) |  |  | 606,331 |
Commercial paper | 258,627 |  |  | 18 |  |  | (8) |  |  | 258,637 |
Corporate bonds | 68,953 |  |  | — |  |  | (12) |  |  | 68,941 |
Total restricted cash equivalents and investments | 1,066,913 |  |  | 182 |  |  | (31) |  |  | 1,067,064 |
Total unrestricted and restricted cash equivalents and investments | $ | 3,260,471 |  |  | $ | 438 |  |  | $ | (83) |  |  | $ | 3,260,826 |
_______________ (1)Excludes $44.2 million of cash, which is included within the $2.2 billion of cash and cash equivalents and short-term investments on the condensed consolidated balance sheets. (2)Excludes $57.0 million of restricted cash, which is included within the $1.1 billion of restricted cash and cash equivalents and restricted short-term investments on the condensed consolidated balance sheets.
| December 31, 2020
| Cost or Amortized Cost |  | Unrealized |  | Estimated Fair Value
|  | Gains |  | Losses |
Unrestricted Balances(1) |  |  |  |  |  |  |
Money market deposit accounts | $ | 174,347 |  |  | $ | — |  |  | $ | — |  |  | $ | 174,347 |
Term deposits | 601,000 |  |  | — |  |  | — |  |  | 601,000 |
Certificates of deposit | 677,602 |  |  | 178 |  |  | (4) |  |  | 677,776 |
Commercial paper | 376,771 |  |  | 38 |  |  | (20) |  |  | 376,789 |
Corporate bonds | 287,445 |  |  | 115 |  |  | (41) |  |  | 287,519 |
Total unrestricted cash equivalents and short-term investments | 2,117,165 |  |  | 331 |  |  | (65) |  |  | 2,117,431 |
Restricted Balances(2) |  |  |  |  |  |  |
Money market funds | 24,757 |  |  | — |  |  | — |  |  | 24,757 |
Money market deposit accounts | 162 |  |  | — |  |  | — |  |  | 162 |
Term deposits | 6,506 |  |  | — |  |  | — |  |  | 6,506 |
Certificates of deposit | 481,154 |  |  | 213 |  |  | (3) |  |  | 481,364 |
Commercial paper | 469,193 |  |  | 57 |  |  | (10) |  |  | 469,240 |
Corporate bonds | 184,560 |  |  | 67 |  |  | (26) |  |  | 184,601 |
Total restricted cash equivalents and investments | 1,166,332 |  |  | 337 |  |  | (39) |  |  | 1,166,630 |
Total unrestricted and restricted cash equivalents and investments | $ | 3,283,497 |  |  | $ | 668 |  |  | $ | (104) |  |  | $ | 3,284,061 |
_______________ (1)Excludes $133.6 million of cash, which is included within the $2.3 billion of cash and cash equivalents and short-term investments on the condensed consolidated balance sheets. (2)Excludes $53.8 million of restricted cash, which is included within the $1.2 billion of restricted cash and cash equivalents and restricted short-term investments on the condensed consolidated balance sheets.
Schedule of AFS debt securities | The following table summarizes the Company’s available-for-sale debt securities in an unrealized loss position for which no allowance for credit losses was recorded, aggregated by major security type (in thousands):
| March 31, 2021
| Estimated Fair Value |  | Unrealized Losses
Certificates of deposit | $ | 215,173 |  |  | $ | (27) |
Corporate bonds | 175,659 |  |  | (34) |
Commercial paper | 310,962 |  |  | (22) |
Total available-for-sale debt securities in an unrealized loss position | $ | 701,794 |  |  | $ | (83) |
Schedule of accrued and other current liabilities | Accrued and other current liabilities consisted of the following as of the dates indicated (in thousands):
| March 31, 2021 |  | December 31, 2020
Insurance-related accruals | $ | 277,011 |  |  | $ | 269,849 |
Legal accruals | 250,502 |  |  | 226,408 |
Ride-related accruals | 225,420 |  |  | 196,439 |
Long-term debt, current | 37,567 |  |  | 35,760 |
Insurance claims payable and related fees | 31,994 |  |  | 28,318 |
Other | 215,875 |  |  | 197,234 |
Accrued and other current liabilities | $ | 1,038,369 |  |  | $ | 954,008 |
Summary of rollforward of the insurance reserve | The following table provides a rollforward of the insurance reserve for the periods presented (in thousands):
| Three Months Ended March 31,
| 2021 |  | 2020
Beginning balance | $ | 987,064 |  |  | $ | 1,378,462 |
Losses paid | (121,161) |  |  | (205,946) |
Change in estimates for prior periods | 128,045 |  |  | 58,359 |
Transfer of certain legacy auto insurance liabilities | — |  |  | (407,885) |
Reserves for current period | 64,468 |  |  | 152,142 |
Ending balance | $ | 1,058,416 |  |  | $ | 975,132 |
Schedule of income (expense), net | The following table sets forth the primary components of other income (expense), net as reported on the condensed consolidated statements of operations (in thousands):
| Three Months Ended March 31,
| 2021 |  | 2020
Interest income(1) | $ | 2,879 |  |  | $ | 21,327 |
Gain (loss) on sale of securities, net | 701 |  |  | (962) |
Foreign currency exchange gains (losses), net | (588) |  |  | (514) |
Other, net | 613 |  |  | (682) |
Other income (expense), net | $ | 3,605 |  |  | $ | 19,169 |
_______________ (1)Interest income was reported as a separate line item on the condensed consolidated statement of operations in periods prior to the second quarter of 2020.

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