v3.25.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents (Note 6) $ 5,294 $ 7,857
Short-term investments (Note 6) 2,406 1,511
Accounts receivable, net (Note 2) 443 161
Inventory (Note 7) 2,248 2,620
Other current assets 192 164
Total current assets 10,583 12,313
Property, plant, and equipment, net (Note 8) 3,965 3,874
Operating lease assets, net (Note 9) 416 356
Other non-current assets 446 235
Total assets 15,410 16,778
Current liabilities:    
Accounts payable 499 981
Accrued liabilities (Note 11) 835 1,145
Current portion of deferred revenues, lease liabilities, and other liabilities 917 361
Total current liabilities 2,251 2,487
Long-term debt (Note 10) 4,441 4,431
Non-current lease liabilities (Note 9) 379 324
Other non-current liabilities 1,777 395
Total liabilities 8,848 7,637
Commitments and contingencies (Note 16)
Stockholders' equity:    
Preferred stock, $0.001 par value; 10 shares authorized and 0 shares issued and outstanding as of December 31, 2023 and 2024 0 0
Common stock, $0.001 par value; 3,508 and 3,508 shares authorized and 968 and 1,131 shares issued and outstanding as of December 31, 2023 and 2024, respectively (Note 15) 1 1
Additional paid-in capital 29,866 27,695
Accumulated deficit (23,305) (18,558)
Accumulated other comprehensive income (loss) (4) 3
Noncontrolling interest 4 0
Total stockholders' equity 6,562 9,141
Total liabilities and stockholders' equity $ 15,410 $ 16,778