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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities      
Net loss including redeemable non-controlling interests $ (1,368) $ (468) $ (461)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 369 156 120
Stock-based compensation 889 486 322
Bad debt expense 0 36 16
Reduction of operating lease right-of-use assets and accretion of operating lease liabilities 81 52 40
Non-cash interest expense 0 11 31
Adjustments to non-marketable equity securities, including impairment, net 303 0 0
Other 20 28 18
Changes in assets and liabilities, net of assets acquired and liabilities assumed from acquisitions:      
Funds held at payment processors (86) (174) (96)
Accounts receivable, net (33) (94) (248)
Prepaid expenses and other current assets (165) 85 (96)
Other assets (90) (51) (20)
Accounts payable (15) 79 54
Accrued expenses and other current liabilities 566 595 587
Payments for operating lease liabilities (75) (44) (26)
Other liabilities (29) (5) 11
Net cash provided by operating activities 367 692 252
Cash flows from investing activities      
Purchases of property and equipment (176) (129) (106)
Capitalized software and website development costs (170) (108) (53)
Purchases of marketable securities (1,948) (2,344) (593)
Sales of marketable securities 387 224 4
Maturities of marketable securities 1,552 720 583
Purchases of non-marketable equity securities (15) (409) 0
Net cash acquired (used) in acquisitions 71 0 (28)
Other investing activities (1) (1) 1
Net cash used in investing activities (300) (2,047) (192)
Cash flows from financing activities      
Proceeds from issuance of common stock upon initial public offering, net of underwriter discounts 0 0 3,289
Proceeds from issuance of preferred stock, net of issuance costs 0 0 382
Proceeds from issuance of convertible notes, net of issuance costs 0 0 333
Proceeds from exercise of stock options 11 32 5
Deferred offering costs paid 0 (10) (6)
Repayment of convertible notes 0 (333) 0
Taxes paid related to net share settlement of equity awards 0 (172) (7)
Repurchase of common stock (400) 0 0
Other financing activities 14 0 0
Net cash provided by (used in) financing activities (375) (483) 3,996
Foreign currency effect on cash, cash equivalents, and restricted cash (10) (1) 2
Net increase (decrease) in cash, cash equivalents, and restricted cash (318) (1,839) 4,058
Cash, cash equivalents, and restricted cash, beginning of period 2,506 4,345 287
Cash, cash equivalents, and restricted cash, end of period $ 2,188 $ 2,506 $ 4,345