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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents (Note 4) $ 674 $ 418
Accounts receivable and contract assets, net of allowance for credit losses of $34 and $33, respectively (Note 3) 97 83
Income taxes receivable 50 50
Prepaid expenses and other current assets 24 22
Total current assets 845 573
Property and equipment, net of accumulated depreciation of $398 and $386, respectively 229 240
Operating lease right-of-use assets 50 54
Intangible assets, net of accumulated amortization of $208 and $206, respectively 80 86
Goodwill 852 862
Non-marketable investments (Note 4) 39 40
Deferred income taxes, net 33 10
Other long-term assets, net of allowance for credit losses of $5 and $5, respectively 104 104
TOTAL ASSETS 2,232 1,969
Current liabilities:    
Accounts payable 13 18
Deferred merchant payables 71 36
Deferred revenue (Note 3) 38 28
Accrued expenses and other current liabilities 155 160
Total current liabilities 277 242
Long-term debt (Note 5) 831 491
Finance lease obligation, net of current portion 70 71
Operating lease liabilities, net of current portion 41 46
Deferred income taxes, net 2 10
Other long-term liabilities 226 223
Total Liabilities 1,447 1,083
Commitments and contingencies (Note 7)
Stockholders’ equity: (Note 9)    
Preferred stock, $0.001 par value Authorized shares: 100,000,000 Shares issued and outstanding: 0 and 0
Additional paid-in capital 1,244 1,253
Retained earnings 309 389
Accumulated other comprehensive income (loss) (46) (34)
Treasury stock-common stock, at cost, 18,844,614 and 18,844,614 shares, respectively (722) (722)
Total Stockholders’ Equity 785 886
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,232 $ 1,969