v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
shares in Millions, $ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents (Note 5) $ 4,812 $ 5,294
Short-term investments (Note 5) 2,696 2,406
Accounts receivable, net 254 443
Inventory (Note 6) 2,103 2,248
Other current assets 255 192
Total current assets 10,120 10,583
Property, plant, and equipment, net (Note 7) 4,421 3,965
Operating lease assets, net 493 416
Other non-current assets 563 446
Total assets 15,597 15,410
Current liabilities:    
Accounts payable 489 499
Accrued liabilities (Note 9) 1,017 835
Current portion of deferred revenues, lease liabilities, and other liabilities 1,437 917
Total current liabilities 2,943 2,251
Long-term debt (Note 8) 4,436 4,441
Non-current lease liabilities 462 379
Other non-current liabilities 1,677 1,777
Total liabilities 9,518 8,848
Commitments and contingencies (Note 13)
Stockholders' equity:    
Preferred stock, $0.001 par value; 10 shares authorized and 0 shares issued and outstanding as of December 31, 2024 and June 30, 2025 0 0
Common stock, $0.001 par value; 3,508 and 5,258 shares authorized and 1,131 and 1,214 shares issued and outstanding as of December 31, 2024 and June 30, 2025, respectively (Note 14) 1 1
Additional paid-in capital 31,028 29,866
Accumulated deficit (24,967) (23,305)
Accumulated other comprehensive (loss) income 6 (4)
Noncontrolling interest 11 4
Total stockholders' equity 6,079 6,562
Total liabilities and stockholders' equity $ 15,597 $ 15,410
Common stock, shares issued (in shares) 1,214 1,131
Common stock, shares outstanding (in shares) 1,214 1,131