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Consolidated statement of cash flows - EUR (€)
€ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities      
Net loss € (34) € (581) € (186)
Adjustments to reconcile net loss to net cash flows      
Depreciation of property and equipment and lease right-of-use assets 94 86 71
Amortization of intangible assets 33 25 16
Share-based compensation expense 223 176 122
Finance income (246) (94) (275)
Finance costs 91 510 333
Income tax expense/(benefit) 283 (128) 55
Other 6 7 13
Changes in working capital:      
Increase in trade receivables and other assets (245) (187) (27)
Increase in trade and other liabilities 137 425 454
Increase in deferred revenue 67 73 59
Increase/(decrease) in provisions 5 6 (35)
Interest paid on lease liabilities (50) (55) (37)
Interest received 3 4 14
Income tax paid (6) (8) (4)
Net cash flows from operating activities 361 259 573
Investing activities      
Business combinations, net of cash acquired (115) (336) (331)
Purchases of property and equipment (85) (78) (135)
Purchases of short term investments (497) (1,354) (901)
Sales and maturities of short term investments 375 1,421 1,163
Sales of long term investments 144 0 0
Change in restricted cash 1 2 2
Other (10) (27) (16)
Net cash flows used in investing activities (187) (372) (218)
Financing activities      
Payments of lease liabilities (35) (24) (17)
Lease incentives received 7 20 15
Repurchases of ordinary shares (89) 0 (438)
Proceeds from exercise of stock options 167 319 154
Proceeds from exercise of warrants 0 0 74
Proceeds from issuance of warrants 31 0 15
Proceeds from issuance of Exchangeable Notes, net of costs 1,223 0 0
Payments for employee taxes withheld from restricted stock unit releases (54) (30) (6)
Net cash flows from/(used in) financing activities 1,250 285 (203)
Net increase in cash and cash equivalents 1,424 172 152
Cash and cash equivalents at January 1 1,151 1,065 891
Net foreign exchange gains/(losses) on cash and cash equivalents 169 (86) 22
Cash and cash equivalents at December 31 2,744 1,151 1,065
Non-cash investing and financing activities      
Deferred consideration liability recognized in conjunction with business combination 9 32 2
Recognition of lease right-of-use asset in exchange for lease liabilities 23 29 136
Purchases of property and equipment in trade and other liabilities 13 16 14
Issuance of shares upon exercise of, or effective net settlement of, warrants € 0 € 267 € 303