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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents (Note 4) $ 775 $ 418
Accounts receivable and contract assets, net of allowance for credit losses of $35 and $33, respectively (Note 3) 159 83
Income taxes receivable (Note 7) 47 50
Prepaid expenses and other current assets 25 22
Total current assets 1,006 573
Property and equipment, net of accumulated depreciation of $420 and $386, respectively 225 240
Operating lease right-of-use assets 46 54
Intangible assets, net of accumulated amortization of $214 and $206, respectively 74 86
Goodwill 855 862
Non-marketable investments (Note 4) 38 40
Deferred income taxes, net 39 10
Other long-term assets, net of allowance for credit losses of $5 and $5, respectively 104 104
TOTAL ASSETS 2,387 1,969
Current liabilities:    
Accounts payable 15 18
Deferred merchant payables 173 36
Deferred revenue (Note 3) 49 28
Accrued expenses and other current liabilities (Note 5) 207 160
Total current liabilities 444 242
Long-term debt (Note 6) 832 491
Finance lease obligation, net of current portion 68 71
Operating lease liabilities, net of current portion 37 46
Deferred income taxes, net 2 10
Other long-term liabilities 225 223
Total Liabilities 1,608 1,083
Commitments and contingencies (Note 8)
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 1,275 1,253
Retained earnings 269 389
Accumulated other comprehensive income (loss) (43) (34)
Treasury stock-common stock, at cost, 18,844,614 and 18,844,614 shares, respectively (722) (722)
Total Stockholders’ Equity 779 886
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,387 $ 1,969