v3.22.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:        
Net earnings (loss) $ 91 $ 114 $ 38 $ (44)
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities        
Depreciation and amortization 25 38 50 76
Stock-based compensation     45 63
Realized and unrealized (gains) losses on financial instruments, net (71) (172) (59) (107)
Deferred income tax expense (benefit)     13 (29)
Other charges (credits), net     21 (10)
Changes in operating assets and liabilities        
Current and other assets     (65) (57)
Payables and other liabilities     333 209
Net cash provided (used) by operating activities     376 101
Cash flows from investing activities:        
Capital expended for property and equipment, including capitalized website development     (27) (25)
Other investing activities, net     1 (1)
Net cash provided (used) by investing activities     (26) (26)
Cash flows from financing activities:        
Borrowings of debt       675
Repurchase of Series A Preferred Stock       (281)
Payment of withholding taxes on net share settlements of equity awards     (9) (29)
Subsidiary purchase of capped calls       (35)
Other financing activities, net     (4) (6)
Net cash provided (used) by financing activities     (13) 324
Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash     (19) (4)
Net increase (decrease) in cash, cash equivalents and restricted cash     318 395
Cash, cash equivalents and restricted cash at beginning of period     760 423
Cash, cash equivalents and restricted cash at end of period $ 1,078 $ 818 $ 1,078 $ 818

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