v3.23.1
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 8,166 $ 7,378
Short-term investments (including assets reported at fair value of $2,224 and $2,408, respectively) 2,428 2,244
Funds receivable and amounts held on behalf of customers 7,760 4,783
Prepaids and other current assets (including customer receivables of $200 and $227 and allowances of $39 and $42, respectively) 515 456
Total current assets 18,869 14,861
Property and equipment, net 122 121
Operating lease right-of-use assets 138 138
Goodwill and intangible assets, net 682 684
Other assets, noncurrent 207 234
Total assets 20,018 16,038
Current liabilities:    
Accounts payable 161 137
Accrued expenses and other current liabilities 2,119 1,876
Funds payable and amounts payable to customers 7,760 4,783
Unearned fees 2,172 1,182
Total current liabilities 12,212 7,978
Long-term debt 1,988 1,987
Operating lease liabilities, noncurrent 300 295
Other liabilities, noncurrent 227 218
Total liabilities 14,727 10,478
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Common stock 0 0
Additional paid-in capital 11,662 11,557
Accumulated other comprehensive loss (30) (32)
Accumulated deficit (6,341) (5,965)
Total stockholders’ equity 5,291 5,560
Total liabilities and stockholders’ equity $ 20,018 $ 16,038