XML 18 R7.htm IDEA: XBRL DOCUMENT v3.24.1.u1Close
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows for operating activities:    
Net loss $ (248) $ (355)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 104 104
Equity-based compensation expense 119 144
Amortization of discount and issuance costs on convertible notes 3 1
Impairment and other related net charges 0 13
Other non-cash adjustments (1) 0
Changes in operating assets and liabilities:    
Accounts receivable, net 9 91
Inventories (7) 8
Prepaid expenses and other assets 34 19
Accounts payable and other liabilities (152) (172)
Net cash used in operating activities (139) (147) Close
Cash flows (for) from investing activities:    
Purchase of short- and long-term investments (36) 0
Sale and maturities of short- and long-term investments 15 151
Purchase of property and equipment (13) (34)
Site and software development costs (41) (53)
Net cash (used in) provided by investing activities (75) 64 Close
Cash flows from financing activities:    
Net cash provided by financing activities 0 0 Close
Effect of exchange rate changes on cash, cash equivalents and restricted cash (1) 3 Close
Net decrease in cash, cash equivalents and restricted cash (215) (80) Close
Cash, cash equivalents and restricted cash    
Beginning of period 1,326 1,050
End of period 1,111 970
Supplemental cash flow information:    
Cash paid for interest on long-term debt 18 20
Purchase of property and equipment included in accounts payable and other liabilities 20 12
Reconciliation of cash, cash equivalents and restricted cash to condensed consolidated balance sheets    
Cash and cash equivalents 1,107 970
Restricted cash included within prepaid expenses and other current assets 4 0
Total cash, cash equivalents and restricted cash $ 1,111 $ 970