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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues $ 17,090 $ 10,958 $ 6,796
Operating expenses:      
Marketing expenses 5,993 3,801 2,179
Sales and other expenses 1,818 881 755
Personnel, including stock-based compensation of $404, $370, and $233, respectively 2,465 2,314 1,944
General and administrative 934 620 581
Information technology 526 412 299
Depreciation and amortization 451 421 458
Restructuring, disposal, and other exit activities (199) 13 149
Impairment of goodwill 0 0 1,062
Total operating expenses 11,988 8,462 7,427
Operating income (loss) 5,102 2,496 (631)
Interest expense (391) (334) (356)
Other income (expense), net (788) (697) 1,554
Income before income taxes 3,923 1,465 567
Income tax expense 865 300 508
Net income $ 3,058 $ 1,165 $ 59
Net income applicable to common stockholders per basic common share (in dollars per share) $ 76.70 $ 28.39 $ 1.45
Weighted-average number of basic common shares outstanding (in shares) 39,872 41,042 40,974
Net income applicable to common stockholders per diluted common share (in dollars per share) $ 76.35 $ 28.17 $ 1.44
Weighted-average number of diluted common shares outstanding (in shares) 40,052 41,362 41,160
Agency revenues      
Revenues $ 9,003 $ 6,663 $ 4,314
Merchant revenues      
Revenues 7,193 3,696 2,117
Advertising and other revenues      
Revenues $ 894 $ 599 $ 365