v3.23.2
Supplemental Financial Statement Information
 6 Months Ended
Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Supplemental Financial Statement Information
Note 7 – Supplemental Financial Statement Information
Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets were as follows (in millions):
As of
December 31, 2022June 30, 2023
Prepaid expenses$310 $353 
Other receivables710 659 
Other459 634 
Prepaid expenses and other current assets$1,479 $1,646 
Accrued and Other Current Liabilities
Accrued and other current liabilities were as follows (in millions):
As of
December 31, 2022June 30, 2023
Accrued legal, regulatory and non-income taxes$1,573 $1,528 
Accrued Drivers and Merchants liability1,593 1,484 
Accrued compensation and employee benefits587 409 
Income and other tax liabilities476 491 
Commitment to issue unsecured convertible notes in connection with Careem acquisition152 128 
Other1,851 1,993 
Accrued and other current liabilities$6,232 $6,033 
Other Long-Term Liabilities
Other long-term liabilities were as follows (in millions):
As of
December 31, 2022June 30, 2023
Deferred tax liabilities$27 $51 
Other759 771 
Other long-term liabilities$786 $822 
Accumulated Other Comprehensive Income (Loss)
The changes in composition of accumulated other comprehensive income (loss), net of tax, were as follows (in millions):
Foreign Currency Translation AdjustmentsUnrealized Gains (Losses) on Available-for-Sale Securities, Net of TaxTotal
Balance as of December 31, 2021$(524)$— $(524)
Other comprehensive income (loss) before reclassifications(181)— (181)
Amounts reclassified from accumulated other comprehensive income (loss)— — — 
Other comprehensive income (loss)(181)— (181)
Balance as of June 30, 2022$(705)$— $(705)
Foreign Currency Translation AdjustmentsUnrealized Gains (Losses) on Available-for-Sale Securities, Net of TaxTotal
Balance as of December 31, 2022$(443)$— $(443)
Other comprehensive income (loss) before reclassifications(138)(2)(140)
Amounts reclassified from accumulated other comprehensive income (loss) (1)
140 — 140 
Other comprehensive income (loss)2 (2)— 
Balance as of June 30, 2023$(441)$(2)$(443)
(1) The amounts were reported as part of the loss from the sale of our remaining interest in MLU B.V., which was recorded in other income (expense), net in our condensed consolidated statements of operations during the three and six months ended June 30, 2023. Refer to Note 4 – Equity Method Investments for further information.
Other Income (Expense), Net
The components of other income (expense), net were as follows (in millions):
Three Months Ended June 30,Six Months Ended June 30,
2022202320222023
Interest income$17 $107 $28 $194 
Foreign currency exchange gains (losses), net(38)1 (28)(93)
Unrealized gain (loss) on debt and equity securities, net (1)
(1,677)386 (7,247)706 
Impairment of equity method investment (2)
— — (182)— 
Revaluation of MLU B.V. call option (3)
(11)— 170 — 
Loss from sale of investment (4)
— (74)— (74)
Other, net5 (147)(2)(168)
Other income (expense), net$(1,704)$273 $(7,261)$565 
(1) During the three and six months ended June 30, 2022, unrealized gain (loss) on debt and equity securities, net primarily represents changes in the fair value of our equity securities: including a $1.1 billion and $2.8 billion unrealized loss on our Aurora investments, respectively; a $520 million and $2.5 billion unrealized loss on our Grab investment, respectively; a $245 million and $707 million loss in fair value on our Zomato investment, respectively; and a $1.4 billion loss on our Didi investment in the first quarter of 2022, partially offset by a $259 million gain on our Didi investment in the second quarter of 2022.
During the three and six months ended June 30, 2023, unrealized gain on debt and equity securities, net primarily represents changes in the fair value of our equity securities: primarily due to $466 million and $521 million unrealized gain on our Aurora investment, respectively; a $151 million and $177 million unrealized gain on our Joby investment, respectively; a $225 million and $113 million unrealized gain on our Grab investment, respectively; partially offset by a $461 million and $104 million unrealized loss on our Didi investment, respectively.
(2) During the six months ended June 30, 2022, impairment of equity method investment represents a $182 million impairment loss recorded on our MLU B.V. equity method investment. Refer to Note 4 – Equity Method Investments for further information.
(3) During the six months ended June 30, 2022, revaluation of MLU B.V. call option represents a $170 million net gain for the change in fair value of the MLU B.V. Call Option. Refer to Note 4 – Equity Method Investments for further information.
(4) Refer to Note 4 – Equity Method Investments for further information.