v3.23.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 8,175 $ 7,378
Short-term investments (including assets reported at fair value of $2,224 and $2,297, respectively) 2,787 2,244
Funds receivable and amounts held on behalf of customers 5,986 4,783
Prepaids and other current assets (including customer receivables of $200 and $241 and allowances of $39 and $35, respectively) 575 456
Total current assets 17,523 14,861
Property and equipment, net 147 121
Operating lease right-of-use assets 123 138
Goodwill and intangible assets, net 676 684
Deferred tax assets 2,775 16
Other assets, noncurrent 195 218
Total assets 21,439 16,038
Current liabilities:    
Accounts payable 163 137
Accrued expenses and other current liabilities 2,205 1,876
Funds payable and amounts payable to customers 5,986 4,783
Unearned fees 1,467 1,182
Total current liabilities 9,821 7,978
Long-term debt 1,990 1,987
Operating lease liabilities, noncurrent 265 295
Other liabilities, noncurrent 240 218
Total liabilities 12,316 10,478
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Common stock 0 0
Additional paid-in capital 11,452 11,557
Accumulated other comprehensive loss (5) (32)
Accumulated deficit (2,324) (5,965)
Total stockholders’ equity 9,123 5,560
Total liabilities and stockholders’ equity $ 21,439 $ 16,038