v3.24.1.u1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 7,829 $ 6,874
Short-term investments (including assets reported at fair value of $2,507 and $2,524, respectively) 3,264 3,197
Funds receivable and amounts held on behalf of customers 8,737 5,869
Prepaids and other current assets (including customer receivables of $249 and $212 and allowances of $44 and $37, respectively) 563 569
Total current assets 20,393 16,509
Deferred tax assets, net 2,886 2,881
Goodwill and intangible assets, net 786 792
Other assets, noncurrent 472 463
Total assets 24,537 20,645
Current liabilities:    
Accrued expenses, accounts payable, and other current liabilities 2,968 2,654
Funds payable and amounts payable to customers 8,737 5,869
Unearned fees 2,434 1,427
Total current liabilities 14,139 9,950
Long-term debt 1,992 1,991
Other liabilities, noncurrent 510 539
Total liabilities 16,641 12,480
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Common stock 0 0
Additional paid-in capital 11,819 11,639
Accumulated other comprehensive loss (9) (49)
Accumulated deficit (3,914) (3,425)
Total stockholders’ equity 7,896 8,165
Total liabilities and stockholders’ equity $ 24,537 $ 20,645