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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities:    
Net income (loss) $ (35) $ (49)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 42 42
Stock-based compensation expense (Note 10) 61 48
Deferred income tax expense (benefit) (9) (9)
Other, net 8 3
Changes in operating assets and liabilities, net:    
Accounts receivable, net, prepaid expenses and other assets (90) (40)
Accounts payable, accrued expenses and other liabilities 65 33
Deferred merchant payables 212 230
Income tax receivables/payables, net (100) (61)
Deferred revenue 36 43
Net cash provided by (used in) operating activities 190 240
Investing activities:    
Capital expenditures, including capitalized website development (31) (31)
Net cash provided by (used in) investing activities (31) (31)
Financing activities:    
Repurchase of common stock (Note 11) (25) (75)
Payment of financing costs related to Credit Facility 0 (3)
Payment of withholding taxes on net share settlements of equity awards (14) (12)
Payments of finance lease obligation (4) (3)
Net cash provided by (used in) financing activities (43) (93)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (7) 4
Net increase (decrease) in cash, cash equivalents and restricted cash 109 120
Cash, cash equivalents and restricted cash at beginning of period 1,067 1,021
Cash, cash equivalents and restricted cash at end of period 1,176 1,141
Supplemental disclosure of cash flow information:    
Cash paid (received) during the period for income taxes, net of refunds 165 149
Cash paid during the period for interest $ 20 $ 20