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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 1,279 $ 1,927
Investments 3,852 5,098
Accounts receivable, net 36 358
Inventory 240 117
Prepaid expenses and other current assets 764 599
Total current assets 6,171 8,099
Investments, non-current 2,374 2,494
Property, plant and equipment, net 2,169 2,196
Right-of-use assets, operating leases 750 759
Other non-current assets 546 594
Total assets 12,010 14,142
Current liabilities:    
Accounts payable 175 405
Accrued liabilities 987 1,427
Deferred revenue 218 153
Other current liabilities 192 221
Total current liabilities 1,572 2,206
Deferred revenue, non-current 65 58
Operating lease liabilities, non-current 666 671
Financing lease liabilities, non-current 32 39
Other non-current liabilities 276 267
Total liabilities 2,611 3,241
Commitments and contingencies (Note 11)
Stockholders’ equity:    
Preferred stock, par value $0.0001; 162 shares authorized as of June 30, 2025 and December 31, 2024; no shares issued or outstanding at June 30, 2025 and December 31, 2024 0 0
Common stock, par value $0.0001; 1,600 shares authorized as of June 30, 2025 and December 31, 2024; 389 and 386 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 0 0
Additional paid-in capital 1,127 866
Accumulated other comprehensive income (loss) 23 (10)
Retained earnings 8,249 10,045
Total stockholders’ equity 9,399 10,901
Total liabilities and stockholders’ equity $ 12,010 $ 14,142