The following table reconciles cash, cash equivalents, and restricted cash reported on the Company’s condensed consolidated balance sheets to the total amount presented in the condensed consolidated statements of cash flows (in thousands):


	As of
	December 31, 2021		March 31, 2022
Cash and cash equivalents	$	6,067,438	$	6,886,628
Cash and cash equivalents included in funds receivable and amounts held on behalf of customers	3,645,087		6,037,833
Restricted cash	14,764		14,767
Total cash, cash equivalents, and restricted cash presented in the condensed consolidated statements of cash flows	$	9,727,289	$	12,939,228

Accrued expenses and other current liabilities consisted of the following (in thousands):


	As of
	December 31, 2021		March 31, 2022
Indirect tax reserves	$	182,796	$	184,282
Indirect taxes payable	309,616		536,640

Compensation and related benefits	415,626		296,991






Gift card liability	98,129		96,396
Other	552,076		615,363
Total accrued expenses and other current liabilities	$	1,558,243	$	1,729,672

Payments to Customers

The Company makes payments to customers as part of its incentive programs (comprised of referral programs and marketing promotions) and refund activities. The payments are generally in the form of coupon credits to be applied toward future bookings or as cash refunds.

The following table summarizes total payments made to customers (in thousands):


	Three Months Ended March 31,
		2021		2022
Reductions to revenue		$	25,856	$	44,952
Charges to operations and support		14,809		21,730
Charges to sales and marketing expense		9,775		10,473
Total payments made to customers		$	50,440	$	77,155