v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
shares in Thousands, $ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 3,369 $ 2,304
Short-term investments 3,228 3,458
Accounts receivable, net 1,359 2,240
Current portion of deferred commissions 533 517
Prepaid expenses and other current assets 781 668
Total current assets 9,270 9,187
Deferred commissions, less current portion 1,012 999
Long-term investments 4,335 4,111
Property and equipment, net 1,885 1,763
Operating lease right-of-use assets 810 693
Intangible assets, net 230 209
Goodwill 1,305 1,273
Deferred tax assets 1,361 1,385
Other assets 764 763
Total assets 20,972 20,383
Current liabilities:    
Accounts payable 309 68
Accrued expenses and other current liabilities 1,109 1,369
Current portion of deferred revenue 6,737 6,819
Current portion of operating lease liabilities 103 102
Total current liabilities 8,258 8,358
Deferred revenue, less current portion 117 95
Operating lease liabilities, less current portion 806 687
Long-term debt, net 1,490 1,489
Other long-term liabilities 162 145
Total liabilities 10,833 10,774
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.001 par value; 10,000 shares authorized; no shares issued or outstanding 0 0
Common stock, $0.001 par value; shares authorized: 600,000; shares issued: 208,952 and 208,151; shares outstanding: 206,979 and 206,487 0 0
Treasury stock, at cost (shares held: 1,973 and $1,664) (1,513) (1,219)
Additional paid-in capital 7,768 7,402
Accumulated other comprehensive loss (70) (68)
Retained earnings 3,954 3,494
Total stockholders’ equity 10,139 9,609
Total liabilities and stockholders’ equity $ 20,972 $ 20,383
Shares of common stock, authorized (in shares) 600,000 600,000