| Supplemental Financial Statement Information |
Supplemental Financial Statement Information Cash, Cash Equivalents, and Restricted Cash
The following table reconciles cash, cash equivalents, and restricted cash reported on the Company’s unaudited condensed consolidated balance sheets to the total amount presented in the unaudited condensed consolidated statements of cash flows (in millions):
| | | | | | | | | | December 31,
2024 | March 31,
2025 | | Cash and cash equivalents | $ | 6,864 | | $ | 7,600 | | | Cash and cash equivalents included in funds receivable and amounts held on behalf of customers | 5,871 | | 9,110 | | Restricted cash included in prepaids and other current assets | 25 | | 40 | | | Total cash, cash equivalents, and restricted cash presented in the unaudited condensed consolidated statements of cash flows | $ | 12,760 | | $ | 16,750 | |
Supplemental Disclosures of Cash Flow Information
Supplemental cash flow information consisted of the following (in millions):
| | | | | | | | | | Three Months Ended
March 31, | | 2024 | 2025 | Cash paid for income taxes, net of refunds | $ | 29 | | $ | 13 | | | | | | | | | | | | | |
Supplemental disclosures of balance sheet information
Supplemental balance sheet information consisted of the following (in millions):
| | | | | | | | | | December 31,
2024 | March 31,
2025 | | Prepaids and other current assets: | | | | Customer receivables | $ | 175 | | $ | 202 | | | Customer receivables reserve | (28) | | (28) | | | Other | 491 | | 454 | | | Prepaids and other current assets | $ | 638 | | $ | 628 | | | | | Other assets, noncurrent: | | | | Property and equipment, net | $ | 147 | | $ | 138 | | | Operating lease right-of-use assets | 144 | | 139 | | | Other | 272 | | 250 | | | Other assets, noncurrent | $ | 563 | | $ | 527 | | | | | Accrued expenses, accounts payable, and other current liabilities: | | | Indirect taxes payable and estimated lodging and withholding tax liabilities | $ | 1,055 | | $ | 1,310 | | | Compensation and employee benefits | 498 | | 388 | | | Accounts payable | 142 | | 186 | | | | | | | | | | | | | | | | | | | | | | | | | | | Operating lease liabilities, current | 63 | | 61 | | | Other | 856 | | 891 | | | Accrued expenses, accounts payable, and other current liabilities | $ | 2,614 | | $ | 2,836 | | | | | Other liabilities, noncurrent: | | | | Operating lease liabilities, noncurrent | $ | 236 | | $ | 223 | | | Other liabilities, noncurrent | 155 | | 166 | | | Other liabilities, noncurrent | $ | 391 | | $ | 389 | |
Payments to Customers
The Company makes payments to customers as part of its incentive programs (composed of referral programs and marketing promotions) and refund activities. The payments are generally in the form of coupon credits to be applied toward future bookings or as cash refunds. The following table summarizes total payments made to customers (in millions): | | | | | | | | | | | | | Three Months Ended
March 31, | | | | 2024 | 2025 | | | | Reductions to revenue | $ | 87 | | $ | 104 | | | | | Charges to operations and support | 20 | | 21 | | | | | Charges to sales and marketing expense | 9 | | 15 | | | | | Total payments made to customers | $ | 116 | | $ | 140 | | | | |
Revenue Disaggregated by Geographic Region
The following table presents revenue disaggregated by listing location (in millions):
| | | | | | | | | | | | | Three Months Ended
March 31, | | | | 2024 | 2025 | | | | | North America | $ | 1,015 | | $ | 1,054 | | | | | Europe, the Middle East, and Africa | 567 | | 597 | | | | | | Latin America | 307 | | 343 | | | | | | Asia Pacific | 253 | | 278 | | | | | | Total revenue disaggregated by geographic region | $ | 2,142 | | $ | 2,272 | | | | |
|