v3.25.0.1
Loans and Merchant Cash Advances (Tables)
 12 Months Ended
Dec. 31, 2024
Receivables [Abstract]  
Schedule of Loans and Merchant Cash Advances
Trade receivables and unbilled revenues, net of allowance for credit losses, were as follows:
 December 31, 2024December 31, 2023December 31, 2022
(in US $ millions)
Unbilled revenues, net175 132 123 
Trade receivables, net77 62 80 
Indirect taxes receivable49 46 31 
Other receivables22 27 23 
Accrued interest19 15 16 
 342 282 273 
Activity in the allowance for credit losses was as follows:
December 31, 2024

December 31, 2023
(in US $ millions)
Balance, beginning of the year13 16 
Provision for credit losses related to uncollectible receivables15 9 
Write-offs(12)(12)
Balance, end of the year16 13 
December 31, 2024December 31, 2023December 31, 2022
(in US $ millions)
Loans receivable, gross(1)
1,131 732 228 
Allowance for credit losses related to uncollectible loans receivable(110)(60)(19)
Merchant cash advances receivable, gross234 180 420 
Allowance for credit losses related to uncollectible merchant cash advances receivable(31)(36)(49)
Loans and merchant cash advances, net1,224 816 580 
(1) Included in the loans receivable gross balance as of December 31, 2024 is $15 million of interest receivable (December 31, 2023 - $10 million, December 31, 2022 - $3 million).
Schedule of Allowance for Credit Losses
The following table summarizes the activities of the Company’s allowance for credit losses related to uncollectible loans receivable:
December 31, 2024December 31, 2023
(in US $ millions)
Allowance, beginning of the year60 19 
Provision for credit losses related to uncollectible loans receivable108 60 
Loans receivable charged off, net of recoveries(58)(19)
Allowance, end of the year110 60 
The following table summarizes the activities of the Company’s allowance for credit losses related to uncollectible merchant cash advances receivable:
December 31, 2024December 31, 2023
(in US $ millions)
Allowance, beginning of the year36 49 
Provision for credit losses related to uncollectible merchant cash advances receivable13 20 
Merchant cash advances receivable charged off, net of recoveries(18)(33)
Allowance, end of the year31 36 
Schedule of Delinquency Status
The following table presents the delinquency status of the gross amount of merchant loans by year of origination. The delinquency status is determined based on the number of days past the contractual or expected repayment date for which the Company anticipates to receive the amounts outstanding. The "current" category represents balances that are within 29 days of the contractual repayment dates, or within 29 days of the expected repayment date.
December 31, 2024
Year of origination
20242023TotalPercent
(in US $ millions)
Current1,051 8 1,059 93.7 %
30-59 Days5 1 6 0.5 %
60-89 Days4 2 6 0.5 %
90-179 Days7 3 10 0.9 %
180+ Days34 16 50 4.4 %
Total1,101 30 1,131 100.0 %
December 31, 2023
Year of origination
20232022TotalPercent
(in US $ millions)
Current696 — 696 95.1 %
30-59 Days5 — 5 0.7 %
60-89 Days2 — 2 0.3 %
90-179 Days7 — 7 0.9 %
180+ Days22 — 22 3.0 %
Total732 — 732 100.0 %