XML 12 R5.htm IDEA: XBRL DOCUMENT v3.24.3
Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents (Note 4) $ 1,112 $ 1,067
Accounts receivable, net (allowance for expected credit losses of $28 and $21, respectively) (Note 4) 243 192
Income taxes receivable (Note 8) 46 0
Prepaid expenses and other current assets 62 38
Total current assets 1,463 1,297
Property and equipment, net of accumulated depreciation of $576 and $551, respectively 197 191
Operating lease right-of-use assets 18 15
Intangible assets, net of accumulated amortization of $201 and $208, respectively 37 43
Goodwill 834 829
Non-marketable investments (Note 4) 31 32
Deferred income taxes, net 110 86
Other long-term assets, net (allowance for credit losses of $10 and $10, respectively) (Note 4) 43 44
TOTAL ASSETS 2,733 2,537
Current liabilities:    
Accounts payable 75 28
Deferred merchant payables 348 237
Deferred revenue (Note 3) 61 49
Current portion of debt (Note 6) 5 0
Income taxes payable (Note 8) 52 6
Accrued expenses and other current liabilities (Note 5) 251 252
Total current liabilities 792 572
Long-term debt (Note 6) 832 839
Finance lease obligation, net of current portion 46 51
Operating lease liabilities, net of current portion 13 6
Deferred income taxes, net 1 1
Other long-term liabilities (Note 7) 105 197
Total Liabilities 1,789 1,666
Commitments and contingencies (Note 9)
Stockholders' equity: (Note 11)    
Preferred stock, $0.001 par value Authorized shares: 100,000,000 Shares issued and outstanding: 0 and 0, respectively 0 0
Common stock 0 0
Additional paid-in capital 1,577 1,493
Retained earnings 275 271
Accumulated other comprehensive income (loss) (61) (71)
Treasury stock-common stock, at cost, 26,260,252 and 24,893,867 shares, respectively (847) (822)
Total Stockholders’ Equity 944 871
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 2,733 2,537
Class B Common Stock    
Stockholders' equity: (Note 11)    
Common stock $ 0 $ 0