Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 501 $ 262
Short-term investments 699 839
Other current assets 17 17
Total current assets 1,217 1,118
Property and equipment, net 94 91
Operating lease right-of-use assets 122 138
Acquisition related intangible assets 617 618
Long-term investments 148 0
Other assets 37 36
Total assets 2,235 2,001
Current liabilities:    
Operating lease liabilities, current 15 13
Other current liabilities 96 70
Total current liabilities 111 83
Operating lease liabilities, long-term 107 123
Derivative liabilities 24 4
Other liabilities 8 7
Total liabilities 250 217
Commitments and contingencies
Stockholders’ equity:    
Common stock - $0.00000 par value, 51,000 shares authorized, 1,529 and 1,166 shares issued and outstanding, respectively 0 0
Additional paid-in capital 5,594 4,600
Accumulated other comprehensive loss 1 (2)
Accumulated deficit (3,610) (2,814)
Total stockholders’ equity 1,985 1,784
Total liabilities and stockholders’ equity $ 2,235 $ 2,001