v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents (Note 5) $ 2,845 $ 3,579
Short-term investments (Note 5) 1,985 2,503
Accounts receivable, net 342 555
Inventory (Note 6) 1,543 1,594
Other current assets 330 361
Total current assets 7,045 8,592
Property, plant, and equipment, net (Note 7) 5,434 5,119
Operating lease assets, net 601 571
Strategic investments (Note 2) 669 119
Other non-current assets 484 463
Total assets 14,233 14,864
Current liabilities:    
Accounts payable 754 595
Accrued liabilities (Note 9) 1,045 1,438
Current portion of deferred revenues, lease liabilities, and other liabilities 1,554 1,660
Total current liabilities 3,353 3,693
Long-term debt (Note 8) 4,442 4,440
Non-current lease liabilities 580 551
Other non-current liabilities 1,429 1,586
Total liabilities 9,804 10,270
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, 2025 and March 31, 2026 0 0
Common stock, $0.001 par value; 5,258 and 5,258 shares authorized and 1,240 and 1,260 shares issued and outstanding as of December 31, 2025 and March 31, 2026, respectively (Note 14) 1 1
Additional paid-in capital 31,767 31,508
Accumulated deficit (27,367) (26,951)
Accumulated other comprehensive income 2 8
Noncontrolling interest 26 28
Total stockholders' equity 4,429 4,594
Total liabilities and stockholders' equity $ 14,233 $ 14,864