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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 578 $ 605
Marketable securities 537 519
Accounts receivable, net 86 69
Inventories, net 120 118
Other current assets 330 259
Total current assets 1,651 1,570
Property and equipment, net 82 75
Operating lease right-of-use assets 34 36
Intangible assets, net 25 26
Goodwill 113 113
Restricted cash 57 55
Other non-current assets 90 83
Total non-current assets 401 388
Total assets 2,052 1,958
Current liabilities:    
Accounts payable 49 32
Deferred revenue 50 39
Accrued expenses and other current liabilities 614 592
Total current liabilities 713 663
Warrants to purchase common stock 100 64
Operating lease liabilities 30 33
Other long-term liabilities 6 4
Total liabilities 849 764
Commitments and Contingencies (Note 11)
Stockholders’ Equity:    
Preferred stock - par value $0.000001; 100 shares authorized, no shares issued or outstanding 0 0
Common stock, $0.000001 par value: Class A - 7,000 shares authorized; 450 and 429 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively Class B - 700 shares authorized; 102 and 114 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 0 0
Accumulated other comprehensive loss (1) 0
Additional paid-in capital 2,910 2,817
Accumulated deficit (1,706) (1,623)
Total stockholders’ equity 1,203 1,194
Total liabilities and stockholders’ equity $ 2,052 $ 1,958