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):


	December 31, 2021		September 30, 2022
Cash and cash equivalents	$	6,067,438	$	7,523,688
Cash and cash equivalents included in funds receivable and amounts held on behalf of customers	3,645,087		4,734,174
Restricted cash	14,764		1,520
Total cash, cash equivalents, and restricted cash presented in the condensed consolidated statements of cash flows	$	9,727,289	$	12,259,382

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


	December 31, 2021		September 30, 2022
Indirect taxes payable	$	309,616	$	510,186

Compensation and employee benefits	415,626		363,324






Indirect tax reserves	182,796		198,689
Gift card liability	98,129		104,213
Other	552,076		608,292
Total accrued expenses and other current liabilities	$	1,558,243	$	1,784,704

Payments to Customers

The Company makes payments to customers as part of its incentive programs (composed 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 September 30,				Nine Months Ended September 30,
	2021		2022		2021		2022
Reductions to revenue	$	50,230	$	106,624	$	109,584	$	218,917
Charges to operations and support	20,838		24,217		48,336		68,258
Charges to sales and marketing	13,337		20,127		35,454		45,235
Total payments made to customers	$	84,405	$	150,968	$	193,374	$	332,410