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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities      
Net income (loss) including redeemable non-controlling interests $ 932 $ 117 $ (565)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 747 561 509
Stock-based compensation 1,051 1,099 1,088
Reduction of operating lease right-of-use assets and accretion of operating lease liabilities 118 103 108
Amortization of deferred contract costs 77 60 45
Office lease impairment expenses 11 83 0
Adjustments to non-marketable equity securities, including impairment, net (17) 4 101
Other 37 (31) (30)
Changes in assets and liabilities, net of assets acquired and liabilities assumed from acquisitions:      
Funds held at payment processors (113) (87) 86
Accounts receivable, net (359) (222) (141)
Prepaid expenses and other current assets (247) (146) (105)
Other assets (240) (279) (96)
Accounts payable 54 82 70
Accrued expenses and other current liabilities 577 943 702
Payments for operating lease liabilities (125) (116) (113)
Other liabilities (72) (39) 14
Net cash provided by operating activities 2,431 2,132 1,673
Cash flows from investing activities      
Purchases of property and equipment (257) (104) (123)
Capitalized software and website development costs (348) (226) (201)
Purchases of investments (1,376) (1,951) (1,946)
Maturities of investments 1,379 1,774 1,940
Sales of investments 433 70 7
Purchases of non-marketable investments (47) 0 (17)
Acquisitions, net of cash acquired (4,151) 0 0
Settlement of deal-contingent forward contract (24) 0 0
Other investing activities 0 (7) (2)
Net cash used in investing activities (4,391) (444) (342)
Cash flows from financing activities      
Proceeds from issuance of convertible notes, net of issuance costs 2,720 0 0
Proceeds from issuance of warrants 341 0 0
Purchase of convertible note hedges (680) 0 0
Proceeds from exercise of stock options 9 14 6
Repurchase of common stock 0 (224) (750)
Payments of acquisition-related deferred cash consideration (20) 0 0
Other financing activities (10) 6 (8)
Net cash provided by (used in) financing activities 2,360 (204) (752)
Foreign currency effect on cash and cash equivalents, and restricted cash and cash equivalents 60 (35) 5
Net increase in cash and cash equivalents, and restricted cash and cash equivalents 460 1,449 584
Beginning of period 4,221 2,772 2,188
End of period $ 4,681 $ 4,221 $ 2,772