XML 17 R4.htm IDEA: XBRL DOCUMENT v3.24.2.u1Close
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Total revenues $ 5,859 $ 5,462 $ 10,274 $ 9,240 Close
Operating expenses:        
Marketing expenses 1,939 1,801 3,549 3,318
Sales and other expenses 820 717 1,498 1,287
Personnel, including stock-based compensation of $140, $128, $284, and $241, respectively 807 752 1,633 1,474
General and administrative 112 254 298 516
Information technology 183 144 370 281
Depreciation and amortization 142 121 279 241
Total operating expenses 4,003 3,789 7,627 7,117 Close
Operating income 1,856 1,673 2,647 2,123 Close
Interest expense (264) (241) (483) (435) Close
Interest and dividend income 293 266 536 494 Close
Other income (expense), net 37 (80) 159 (261) CloseClose
Total Other Income Expenses 66.0 -55.0 212.0 -202.0 0.0 Close
Income before income taxes 1,922 1,618 2,859 1,921 CloseClose
Income tax expense 401 328 562 365 Close
Net income $ 1,521 $ 1,290 $ 2,297 $ 1,556 Close
Net income applicable to common stockholders per basic common share (in dollars per share) $ 44.94 $ 35.16 $ 67.51 $ 41.88
Weighted-average number of basic common shares outstanding (in shares) 33,839 36,678 34,023 37,147
Net income applicable to common stockholders per diluted common share (in dollars per share) $ 44.38 $ 34.89 $ 66.60 $ 41.51
Weighted-average number of diluted common shares outstanding (in shares) 34,267 36,964 34,486 37,471
Merchant revenues        
Total revenues $ 3,446 $ 2,770 $ 5,834 $ 4,522
Agency revenues        
Total revenues 2,144 2,429 3,907 4,211
Advertising and other revenues        
Total revenues $ 269 $ 263 $ 533 $ 507