v3.25.0.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 1,075 $ 1,090
Accounts receivable and contract assets, net of allowance for credit losses 207 192
Other current assets 49 42
Total current assets 1,331 1,324
Property and equipment, at cost (note 2) 209 232
Accumulated depreciation (125) (145)
Property and equipment, net 84 87
Intangible assets not subject to amortization (note 4):    
Goodwill 854 1,387
Trademarks 377 522
Intangible assets not subject to amortization 1,231 1,909
Intangible assets subject to amortization, net (note 4) 121 116
Other assets 123 124
Total assets 2,890 3,560
Current liabilities:    
Deferred merchant and other payables 304 265
Current portion of debt, including $324 million measured at fair value as of December 31, 2024 (note 5) 329  
Deferred revenue 47 49
Series A Preferred Stock liability (note 8) 270  
Accrued liabilities and other current liabilities 277 262
Total current liabilities 1,227 576
Long-term debt, including zero and $287 million measured at fair value as of December 31, 2024 and December 31, 2023, respectively (note 5) 831 1,180
Deferred income tax liabilities (note 7) 6 49
Financial instrument liabilities (note 3)   21
Series A Preferred Stock liability (note 8)   249
Other liabilities 158 253
Total liabilities 2,222 2,328
Equity    
Additional paid-in capital 317 307
Accumulated other comprehensive earnings (loss), net of taxes (10) (2)
Retained earnings (deficit) (902) (724)
Total stockholders' equity (594) (418)
Noncontrolling interests in equity of subsidiaries 1,262 1,650
Total equity 668 1,232
Commitments and contingencies (note 12)
Total liabilities and equity 2,890 3,560
Series A    
Equity    
Common stock value 1 1
Series B    
Equity    
Common stock value
Series C    
Equity    
Common stock value

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