v3.24.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities    
Net income (loss) including redeemable non-controlling interests $ (22) $ (409)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 420 379
Stock-based compensation 828 819
Reduction of operating lease right-of-use assets and accretion of operating lease liabilities 77 84
Office lease impairment expenses 83 0
Other 26 23
Changes in operating assets and liabilities:    
Funds held at payment processors 24 52
Accounts receivable, net (102) (26)
Prepaid expenses and other current assets (209) (84)
Other assets 89 (45)
Accounts payable (31) 6
Accrued expenses and other current liabilities 494 469
Payments for operating lease liabilities (83) (88)
Other liabilities 20 8
Net cash provided by operating activities 1,614 1,188
Cash flows from investing activities    
Purchases of property and equipment (72) (94)
Capitalized software and website development costs (160) (143)
Purchases of marketable securities (1,527) (1,555)
Maturities of marketable securities 1,481 1,581
Sales of marketable securities 4 6
Purchases of non-marketable equity securities 0 (16)
Other investing activities (7) (2)
Net cash used in investing activities (281) (223)
Cash flows from financing activities    
Proceeds from exercise of stock options 7 5
Repurchase of common stock (224) (699)
Other financing activities 6 (8)
Net cash used in financing activities (211) (702)
Foreign currency effect on cash, cash equivalents, and restricted cash 4 (16)
Net increase in cash, cash equivalents, and restricted cash 1,126 247
Cash, cash equivalents, and restricted cash, beginning of period 2,772 2,188
Cash, cash equivalents, and restricted cash, end of period $ 3,898 $ 2,435