Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets (unaudited)

v3.25.1
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 170 $ 211
Short-term investments 989 1,012
Other current assets 34 31
Total current assets 1,193 1,254
Property and equipment, net 105 104
Operating lease right-of-use assets 114 120
Acquisition related intangible assets 617 617
Other assets 42 43
Total assets 2,071 2,138
Current liabilities:    
Operating lease liabilities, current 16 16
Other current liabilities 109 89
Total current liabilities 125 105
Operating lease liabilities, long-term 99 105
Derivative liabilities 57 48
Other liabilities 5 5
Total liabilities 286 263
Commitments and contingencies
Stockholders’ equity:    
Common stock - $0.00001 par value, 51,000 shares authorized, 1,762 and 1,733 shares issued and outstanding, respectively 0 0
Additional paid-in capital 6,351 6,232
Accumulated other comprehensive income 0 1
Accumulated deficit (4,566) (4,358)
Total stockholders’ equity 1,785 1,875
Total liabilities and stockholders’ equity $ 2,071 $ 2,138