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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 10,562 $ 6,312
Short-term investments (Available-for-sale debt securities: Amortized cost of $500 and $998, respectively) 501 998
Accounts receivable, net (Allowance for expected credit losses of $166 and $49, respectively) 529 1,680
Prepaid expenses, net (Allowance for expected credit losses of $22 and $6, respectively) 337 479
Other current assets 277 364
Total current assets 12,206 9,833
Property and equipment, net 756 738
Operating lease assets 529 620
Intangible assets, net 1,812 1,954
Goodwill [1] 1,895 2,913
Long-term investments (Includes available-for-sale debt securities: Amortized cost of $225 and $2,192, respectively) 3,759 4,477
Other assets, net (Allowance for expected credit losses of $33 at December 31, 2020) 917 867
Total assets 21,874 21,402
Current liabilities:    
Accounts payable 735 1,239
Accrued expenses and other current liabilities 1,382 1,578
Deferred merchant bookings 323 1,561
Convertible debt 985 988
Total current liabilities 3,425 5,366
Deferred income taxes 1,127 876
Operating lease liabilities 366 462
Long-term U.S. transition tax liability 923 1,021
Other long-term liabilities 111 104
Long-term debt 11,029 7,640
Total liabilities 16,981 15,469
Commitments and contingencies (see Note 16)
Stockholders' equity:    
Common stock, $0.008 par value, Authorized shares: 1,000,000,000 Issued shares: 63,406,451 and 63,179,471, respectively 0 0
Treasury stock, 22,446,897 and 21,762,070 shares, respectively (24,128) (22,864)
Additional paid-in capital 5,851 5,756
Retained earnings 23,288 23,232
Accumulated other comprehensive loss (118) (191)
Total stockholders' equity 4,893 5,933
Total liabilities and stockholders' equity $ 21,874 $ 21,402
[1] The balance of goodwill as of December 31, 2020 and 2019 is stated net of cumulative impairment charges of $2.0 billion and $941 million, respectively.