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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating activities:      
Net income (loss) $ 10 $ 20 $ (148)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 87 97 111
Stock-based compensation expense (Note 13) 96 88 120
Deferred income tax expense (benefit) (Note 10) (25) (19) (44)
Provision for expected credit losses (Note 2) 6 6 3
Other, net 9 7 19
Changes in operating assets and liabilities, net:      
Accounts receivable, prepaid expenses and other assets 6 (87) (73)
Accounts payable, accrued expenses and other liabilities 11 72 30
Deferred merchant payables 32 99 81
Income tax receivables/payables, net (1) 107 1
Deferred revenue 4 10 8
Net cash provided by (used in) operating activities 235 400 108
Investing activities:      
Capital expenditures, including capitalized website development (63) (56) (54)
Other investing activities, net 0 4 0
Net cash provided by (used in) investing activities (63) (52) (54)
Financing activities:      
Repurchase of common stock (Note 14) (100) 0 0
Purchase of capped calls in connection with 2026 Senior Notes (Note 8) 0 0 (35)
Proceeds from exercise of stock options (Note 13) 0 0 8
Payment of withholding taxes on net share settlements of equity awards (17) (20) (44)
Payments of finance lease obligation and other financing activities, net (Note 5) (7) (7) (6)
Net cash provided by (used in) financing activities (127) (27) 263
Effect of exchange rate changes on cash, cash equivalents and restricted cash 1 (23) (12)
Net increase (decrease) in cash, cash equivalents and restricted cash 46 298 305
Cash, cash equivalents and restricted cash at beginning of period 1,021 723 418
Cash, cash equivalents and restricted cash at end of period 1,067 1,021 723
Supplemental disclosure of cash flow information:      
Cash paid (received) during the period for income taxes, net of refunds 140 (40) 5
Cash paid during the period for interest 39 40 43
Supplemental disclosure of non-cash investing and financing activities:      
Stock-based compensation capitalized website development costs (Note 13) 10 10 13
2026 Senior Notes      
Financing activities:      
Proceeds from issuance of 2026 Senior Notes, net of financing costs (Note 8) 0 0 340
Credit Facility      
Financing activities:      
Payment of financing costs related to Credit Facility (Note 8) $ (3) $ 0 $ 0