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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents (Note 5) $ 887 $ 612
Short-term marketable securities (Note 5) 17 118
Accounts receivable, net of allowance for doubtful accounts of $11 and $9, respectively 252 189
Prepaid expenses and other current assets 24 31
Total current assets 1,180 950
Long-term marketable securities (Note 5) 4 16
Property and equipment, net of accumulated depreciation of $147 and $111, respectively 266 260
Intangible assets, net of accumulated amortization of $97 and $80, respectively 156 167
Goodwill 750 736
Deferred income taxes, net 47 42
Other long-term assets 69 67
TOTAL ASSETS 2,472 2,238
Current liabilities:    
Accounts payable 7 14
Deferred merchant payables 344 128
Deferred revenue 90 64
Current portion of debt (Note 6) 7 80
Taxes payable 8 10
Accrued expenses and other current liabilities (Note 8) 165 127
Total current liabilities 621 423
Long-term debt (Note 6) 260 91
Deferred income taxes, net 15 12
Other long-term liabilities 222 210
Total Liabilities 1,118 736
Commitments and contingencies (Note 9)
Stockholders’ equity: (Note 10)    
Preferred stock, $0.001 par value Authorized shares: 100,000,000 Shares issued and outstanding: 0 and 0
Additional paid-in capital 873 831
Retained earnings 985 945
Accumulated other comprehensive income (loss) (57) (77)
Treasury stock-common stock, at cost, 9,474,490 and 3,395,487 shares, respectively (447) (197)
Total Stockholders’ Equity 1,354 1,502
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,472 $ 2,238