Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (unaudited)

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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 454 $ 501
Short-term investments 662 699
Other current assets 26 17
Total current assets 1,142 1,217
Property and equipment, net 95 94
Operating lease right-of-use assets 118 122
Acquisition related intangible assets 617 617
Long-term investments 81 148
Other assets 36 37
Total assets 2,089 2,235
Current liabilities:    
Operating lease liabilities, current 15 15
Other current liabilities 95 96
Total current liabilities 110 111
Operating lease liabilities, long-term 103 107
Derivative liabilities 12 24
Other liabilities 6 8
Total liabilities 231 250
Commitments and contingencies
Stockholders’ equity:    
Common stock - $0.00000 par value, 51,000 shares authorized, 1,545 and 1,529 shares issued and outstanding, respectively 0 0
Additional paid-in capital 5,633 5,594
Accumulated other comprehensive loss 0 1
Accumulated deficit (3,775) (3,610)
Total stockholders’ equity 1,858 1,985
Total liabilities and stockholders’ equity $ 2,089 $ 2,235