Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (unaudited)

v3.24.2
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 402 $ 501
Short-term investments 618 699
Other current assets 23 17
Total current assets 1,043 1,217
Property and equipment, net 100 94
Operating lease right-of-use assets 113 122
Acquisition related intangible assets 617 617
Long-term investments 0 148
Other assets 41 37
Total assets 1,914 2,235
Current liabilities:    
Operating lease liabilities, current 15 15
Other current liabilities 66 96
Total current liabilities 81 111
Operating lease liabilities, long-term 98 107
Derivative liabilities 11 24
Other liabilities 7 8
Total liabilities 197 250
Commitments and contingencies
Stockholders’ equity:    
Common stock - $0.00001 par value, 51,000 shares authorized, 1,563 and 1,529 shares issued and outstanding, respectively 0 0
Additional paid-in capital 5,675 5,594
Accumulated other comprehensive (loss) income (1) 1
Accumulated deficit (3,957) (3,610)
Total stockholders’ equity 1,717 1,985
Total liabilities and stockholders’ equity $ 1,914 $ 2,235