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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities:    
Net income (loss) $ (59) $ (73)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 22 21
Stock-based compensation expense (Note 10) 28 23
Deferred income tax expense (benefit) 8 8
Other, net 6 (1)
Changes in operating assets and liabilities, net:    
Accounts receivable, prepaid expenses and other assets (69) (9)
Accounts payable, accrued expenses and other liabilities 19 (26)
Deferred merchant payables 120 107
Income tax receivables/payables, net 31 48
Deferred revenue 33 37
Net cash provided by (used in) operating activities 139 135
Investing activities:    
Capital expenditures, including capitalized website development (16) (16)
Net cash provided by (used in) investing activities (16) (16)
Financing activities:    
Payment of withholding taxes on net share settlements of equity awards (10) (9)
Payments of finance lease obligation (2) (2)
Net cash provided by (used in) financing activities (12) (11)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (7) 3
Net increase (decrease) in cash, cash equivalents and restricted cash 104 111
Cash, cash equivalents and restricted cash at beginning of period 1,067 1,021
Cash, cash equivalents and restricted cash at end of period 1,171 1,132
Supplemental disclosure of cash flow information:    
Cash paid (received) during the period for income taxes, net of refunds 3 3
Cash paid during the period for interest $ 18 $ 18