| Schedule of Cash and Cash Equivalents |
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 | |
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):
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2021 | | | Classification as of December 31, 2021 | |
Amortized
Cost | Gross
Unrealized
Gains | Gross
Unrealized
Losses | Total
Estimated
Fair Value | | | Cash and
Cash
Equivalents | Marketable
Securities | Other
Assets,
Noncurrent | | | 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 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2022 | | | Classification as of September 30, 2022 | | Amortized
Cost | Gross
Unrealized
Gains | Gross
Unrealized
Losses | Total
Estimated
Fair Value | | | Cash and
Cash
Equivalents | Marketable
Securities | Other
Assets,
Noncurrent | | Certificates of deposit | $ | 599,030 | | $ | — | | $ | — | | $ | 599,030 | | | | $ | 6,925 | | $ | 592,105 | | $ | — | | | Government bonds(1) | 19,638 | | — | | (158) | | 19,480 | | | | — | | 19,480 | | — | | | Commercial paper | 987,520 | | — | | — | | 987,520 | | | | 277,582 | | 709,938 | | — | | | Corporate debt securities | 776,741 | | 73 | | (10,778) | | 766,036 | | | | 10,389 | | 745,235 | | 10,412 | | | Mortgage-backed and asset-backed securities | 24,941 | | 1 | | (3,458) | | 21,484 | | | | — | | 21,484 | | — | | | Total | $ | 2,407,870 | | $ | 74 | | $ | (14,394) | | $ | 2,393,550 | | | | $ | 294,896 | | $ | 2,088,242 | | $ | 10,412 | | |
(1)Includes U.S. government and government agency debt securities
|
| Schedule of Restricted Cash |
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 |
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 Made To Customers |
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 | |
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