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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities:    
Net income (loss) $ (3) $ (120)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 50 57
Stock-based compensation expense (Note 10) 43 61
Deferred income tax expense (benefit) 14 (29)
Provision for expected credit losses 3 3
Other, net 2 8
Changes in operating assets and liabilities, net:    
Accounts receivable and contract assets, prepaid expenses and other assets (115) (87)
Accounts payable, accrued expenses and other liabilities 63 48
Deferred merchant payables 220 138
Income tax receivables/payables, net 68 6
Deferred revenue 35 21
Net cash provided by (used in) operating activities 380 106
Investing activities:    
Capital expenditures, including capitalized website development (27) (25)
Other investing activities, net 1 (1)
Net cash provided by (used in) investing activities (26) (26)
Financing activities:    
Purchase of capped calls in connection with 2026 Senior Notes (Note 7) 0 (35)
Proceeds from exercise of stock options 0 8
Payment of withholding taxes on net share settlements of equity awards (9) (29)
Payments of finance lease obligation and other financing activities, net (4) (3)
Net cash provided by (used in) financing activities (13) 281
Effect of exchange rate changes on cash, cash equivalents and restricted cash (19) (4)
Net increase (decrease) in cash, cash equivalents and restricted cash 322 357
Cash, cash equivalents and restricted cash at beginning of period 723 418
Cash, cash equivalents and restricted cash at end of period 1,045 775
2026 Senior Notes    
Financing activities:    
Proceeds from issuance of 2026 Senior Notes, net of financing costs (Note 7) $ 0 $ 340