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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents (Note 4) $ 1,021 $ 723
Accounts receivable and contract assets, net of allowance for credit losses of $28 and $28, respectively (Note 2, Note 3) 205 142
Income taxes receivable (Note 11) 0 49
Prepaid expenses and other current assets 44 26
Total current assets 1,270 940
Property and equipment, net (Note 5, Note 6) 194 215
Operating lease right-of-use assets (Note 6) 27 42
Intangible assets, net (Note 7) 51 65
Goodwill (Note 7) 822 843
Non-marketable investments (Note 4) 34 36
Deferred income taxes, net (Note 11) 78 54
Other long-term assets, net of allowance for credit losses of $10 and $10, respectively 93 94
TOTAL ASSETS 2,569 2,289
Current liabilities:    
Accounts payable 39 27
Deferred merchant payables (Note 2) 203 113
Deferred revenue (Note 3) 44 36
Accrued expenses and other current liabilities (Note 8) 247 181
Total current liabilities 533 357
Long-term debt (Note 9) 836 833
Finance lease obligation, net of current portion (Note 6) 58 65
Operating lease liabilities, net of current portion (Note 6) 15 29
Deferred income taxes, net (Note 11) 1 1
Other long-term liabilities (Note 10) 265 215
Total Liabilities 1,708 1,500
Commitments and contingencies (Note 12)
Stockholders equity: (Note 15)    
Preferred stock, $0.001 par value Authorized shares: 100,000,000 Shares issued and outstanding: 0 and 0, respectively 0 0
Common stock 0 0
Additional paid-in capital 1,404 1,326
Retained earnings 261 241
Accumulated other comprehensive income (loss) (82) (56)
Treasury stock-common stock, at cost, 18,844,614 and 18,844,614 shares, respectively (722) (722)
Total Stockholders’ Equity 861 789
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 2,569 2,289
Class B Common Stock    
Stockholders equity: (Note 15)    
Common stock $ 0 $ 0