Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.25.0.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 211 $ 501
Short-term investments 1,012 699
Other current assets 31 17
Total current assets 1,254 1,217
Property and equipment, net 104 94
Operating lease right-of-use assets 120 122
Acquisition related intangible assets 617 617
Long-term investments 0 148
Other assets 43 37
Total assets 2,138 2,235
Current liabilities:    
Operating lease liabilities, current 16 15
Other current liabilities 89 96
Total current liabilities 105 111
Operating lease liabilities, long-term 105 107
Derivative liabilities 48 24
Other liabilities 5 8
Total liabilities 263 250
Commitments and contingencies
Stockholders’ equity:    
Common stock - $0.00001 par value, 51,000 shares authorized, 1,733 and 1,529 shares issued and outstanding, respectively 0 0
Additional paid-in capital 6,232 5,594
Accumulated other comprehensive income 1 1
Accumulated deficit (4,358) (3,610)
Total stockholders’ equity 1,875 1,985
Total liabilities and stockholders’ equity $ 2,138 $ 2,235