XML 16 R4.htm IDEA: XBRL DOCUMENT v3.21.2
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Total revenues $ 4,676 $ 2,640 $ 7,977 $ 5,558
Operating expenses:        
Marketing expenses 1,378 731 2,827 1,793
Sales and other expenses 302 129 620 637
Personnel, including stock-based compensation of $85, $80, $284 and $163, respectively 591 517 1,829 1,453
General and administrative 179 148 432 453
Information technology 109 71 289 219
Depreciation and amortization 102 115 323 344
Restructuring and other exit costs 0 41 9 75
Impairment of goodwill 0 573 0 1,062
Total operating expenses 2,661 2,325 6,329 6,036
Operating income (loss) 2,015 315 1,648 (478)
Interest expense (80) (98) (259) (258)
Other income (expense), net (967) 618 (740) 1,058
Income before income taxes 968 835 649 322
Income tax expense 199 34 102 98
Net income $ 769 $ 801 $ 547 $ 224
Net income applicable to common stockholders per basic common share (in dollars per share) $ 18.73 $ 19.56 $ 13.33 $ 5.46
Weighted-average number of basic common shares outstanding (in shares) 41,068 40,935 41,032 40,983
Net income applicable to common stockholders per diluted common share (in dollars per share) $ 18.60 $ 19.49 $ 13.22 $ 5.44
Weighted-average number of diluted common shares outstanding (in shares) 41,342 41,081 41,359 41,142
Agency revenues        
Total revenues $ 2,867 $ 1,723 $ 4,912 $ 3,504
Merchant revenues        
Total revenues 1,622 837 2,656 1,741
Advertising and other revenues        
Total revenues $ 187 $ 80 $ 409 $ 313