Supplemental Financial Statement Information (Tables)

3 Months Ended

Mar. 31, 2022

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

The following tables summarize the amortized cost, gross unrealized gains and losses, and fair value of the Company’s available-for-sale debt securities aggregated by investment category (in thousands):


	As of December 31, 2021								Classification as of December 31, 2021
	Cost or Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Total Estimated Fair Value		Cash and Cash Equivalents		Marketable Securities		Other Assets, Noncurrent		Funds Receivable (2)
Certificates of deposit	$	395,351	$	—	$	—	$	395,351	$	31,117	$	364,234	$	—	$	—
Government bonds(1)	850		13		—		863		—		863		—		—
Commercial paper	1,156,963		—		—		1,156,963		163,959		993,004		—		—
Corporate debt securities	917,718		220		(3,147)		914,791		41,439		862,901		10,451		—
Mortgage-backed and asset-backed securities	34,019		338		(321)		34,036		—		34,036		—		—
Total	$	2,504,901	$	571	$	(3,468)	$	2,502,004	$	236,515	$	2,255,038	$	10,451	$	—

(1)Includes U.S. government and government agency debt securities

(2)Funds receivable and amounts held on behalf of customers


	As of March 31, 2022								Classification as of March 31, 2022
	Cost or Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Total Estimated Fair Value		Cash and Cash Equivalents		Marketable Securities		Other Assets, Noncurrent		Funds Receivable (2)
Certificates of deposit	$	533,669	$	—	$	—	$	533,669	$	60,919	$	472,750	$	—	$	—
Government bonds(1)	464,399		44		(12)		464,431		—		350,450		—		113,981
Commercial paper	1,104,688		—		(16)		1,104,672		265,857		838,815		—		—
Corporate debt securities	794,433		36		(6,073)		788,396		35,914		741,971		10,511		—
Mortgage-backed and asset-backed securities	33,046		10		(1,381)		31,675		—		31,675		—		—
Total	$	2,930,235	$	90	$	(7,482)	$	2,922,843	$	362,690	$	2,435,661	$	10,511	$	113,981

(1)Includes U.S. government and government agency debt securities

(2)Funds receivable and amounts held on behalf of customers

Schedule of Restricted Cash


	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

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 Made To Customers

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