Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (unaudited)

v3.23.1
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 175 $ 262
Short-term investments 791 839
Other current assets 14 17
Total current assets 980 1,118
Property and equipment, net 88 91
Operating lease right-of-use assets 139 138
Acquisition related intangible assets 618 618
Other assets 42 36
Total assets 1,867 2,001
Current liabilities:    
Operating lease liabilities, current 15 13
Other current liabilities 88 70
Total current liabilities 103 83
Operating lease liabilities, long-term 122 123
Derivative liabilities 6 4
Other liabilities 7 7
Total liabilities 238 217
Commitments and contingencies
Stockholders’ equity:    
Common stock - $0.00001 par value, 51,000 shares authorized, 1,175 and 1,166 shares issued and outstanding, respectively 0 0
Additional paid-in capital 4,640 4,600
Accumulated other comprehensive loss (1) (2)
Accumulated deficit (3,010) (2,814)
Total stockholders’ equity 1,629 1,784
Total liabilities and stockholders’ equity $ 1,867 $ 2,001