Supplemental Financial Statement Information (Tables)
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12 Months Ended |
Dec. 31, 2023 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
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Schedule of Cash and Cash Equivalents |
The following table reconciles cash, cash equivalents, and restricted cash reported on the Company’s consolidated balance sheets to the total amount presented in the consolidated statements of cash flows (in millions): | | | | | | | | | | December 31, | | 2022 | 2023 | Cash and cash equivalents | $ | 7,378 | | $ | 6,874 | | Cash and cash equivalents included in funds receivable and amounts held on behalf of customers | 4,708 | | 5,769 | | Restricted cash included in prepaids and other current assets | 17 | | 24 | | Total cash, cash equivalents, and restricted cash presented on the consolidated statements of cash flows | $ | 12,103 | | $ | 12,667 | |
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Schedule of Restricted Cash |
The following table reconciles cash, cash equivalents, and restricted cash reported on the Company’s consolidated balance sheets to the total amount presented in the consolidated statements of cash flows (in millions): | | | | | | | | | | December 31, | | 2022 | 2023 | Cash and cash equivalents | $ | 7,378 | | $ | 6,874 | | Cash and cash equivalents included in funds receivable and amounts held on behalf of customers | 4,708 | | 5,769 | | Restricted cash included in prepaids and other current assets | 17 | | 24 | | Total cash, cash equivalents, and restricted cash presented on the consolidated statements of cash flows | $ | 12,103 | | $ | 12,667 | |
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Schedule of Supplemental Disclosures of Cash Flow Information |
Supplemental Disclosures of Cash Flow Information
Supplemental cash flow information consisted of the following (in millions): | | | | | | | | | | | | | Year Ended December 31, | | 2021 | 2022 | 2023 | Cash paid for: | | | | Income taxes, net of refunds | $ | 17 | | $ | 68 | | $ | 132 | | Interest | $ | 50 | | $ | 8 | | $ | 55 | | Operating leases | $ | 92 | | $ | 102 | | $ | 84 | | Noncash investing and financing activities: | | | | Net impact of non-cash changes to right-of-use assets related to modifications and reassessments of operating leases | $ | 18 | | $ | (5) | | $ | 20 | | Net settlement of cashless warrants exercised | $ | — | | $ | — | | $ | 202 | | | | | | Net settlement of cashless stock options exercised | $ | — | | $ | — | | $ | 36 | |
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Schedule of Supplemental Balance Sheet Information |
Supplemental disclosures of balance sheet information
Supplemental balance sheet information consisted of the following (in millions):
| | | | | | | | | | December 31, | | 2022 | 2023 | Other assets, noncurrent: | | | Property and equipment, net | $ | 121 | | $ | 160 | | Operating lease right-of-use assets | 138 | | 119 | | Other | 218 | | 184 | | Other assets, noncurrent | $ | 477 | | $ | 463 | | | | | Accrued expenses, accounts payable, and other current liabilities: | | | Indirect taxes payable and withholding tax reserves | $ | 624 | | $ | 1,119 | | Compensation and employee benefits | 380 | | 436 | | Accounts payable | 137 | | 141 | | | | | | | | | | | | | | | | | | | | | | | | | | Operating lease liabilities, current | 59 | | 61 | | Other | 813 | | 897 | | Accrued expenses, accounts payable, and other current liabilities | $ | 2,013 | | $ | 2,654 | |
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Schedule of Payments to Customers |
The following table summarizes total payments made to customers (in millions):
| | | | | | | | | | | | | Year Ended December 31, | | 2021 | 2022 | 2023 | Reductions to revenue | $ | 156 | | $ | 284 | | $ | 360 | | Charges to operations and support | 69 | | 88 | | 96 | | Charges to sales and marketing expense | 47 | | 60 | | 61 | | Total payments made to customers | $ | 272 | | $ | 432 | | $ | 517 | |
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Schedule of Revenue Disaggregated by Location |
The following table presents revenue disaggregated by listing location (in millions):
| | | | | | | | | | | | | Year Ended December 31, | | 2021 | 2022 | 2023 | North America | $ | 3,201 | | $ | 4,210 | | $ | 4,638 | | Europe, the Middle East, and Africa | 1,931 | | 2,924 | | 3,615 | | Latin America | 431 | | 643 | | 824 | | Asia Pacific | 429 | | 622 | | 840 | | Total revenue disaggregated by geographic region | $ | 5,992 | | $ | 8,399 | | $ | 9,917 | |
The following table sets forth the breakdown of revenue by geography, determined based on the location of the Host’s listing (in millions):
| | | | | | | | | | | | | Year Ended December 31, | | 2021 | 2022 | 2023 | United States | $ | 2,996 | | $ | 3,890 | | $ | 4,290 | | International(1) | 2,996 | | 4,509 | | 5,627 | | Total revenue | $ | 5,992 | | $ | 8,399 | | $ | 9,917 | |
(1)No individual international country represented 10% or more of the Company’s total revenue for years ended December 31, 2021, 2022, and 2023.
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