v3.25.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 552 $ 536
Accounts receivable (net of allowance for credit losses of $10 as of both March 31, 2025 and December 31, 2024) 717 571
Due from affiliates 47 46
Prepaid expenses and other current assets 139 128
Total current assets 1,455 1,281
Property and equipment, net 235 232
Equity method investments 14 14
Goodwill 1,217 1,201
Other intangible assets, net 471 480
Operating lease right-of-use assets 56 59
Deferred tax assets 274 268
Other non-current assets 63 89
Total assets 3,785 3,624
Current liabilities:    
Accounts payable 325 263
Due to affiliates 35 22
Accrued expenses and other current liabilities 517 461
Current portion of operating lease liabilities 14 15
Current portion of long-term debt 19 19
Total current liabilities 910 780
Long-term debt, net of unamortized debt discount and debt issuance costs 1,365 1,365
Deferred tax liabilities 39 36
Pension liabilities 157 156
Long-term operating lease liabilities 60 63
Earnout derivative liabilities 59 133
Other non-current liabilities 68 34
Total liabilities 2,658 2,567
Commitments and Contingencies (see note 8)
Shareholders’ equity:    
Class A common stock (par value $0.0001; 3,000,000,000 shares authorized; 486,881,894 and 478,904,677 shares issued, 478,699,218 and 470,904,677 shares outstanding as of March 31, 2025 and December 31, 2024, respectively) 0 0
Additional paid-in capital 2,809 2,827
Accumulated deficit (1,500) (1,575)
Accumulated other comprehensive loss (132) (146)
Treasury shares, at cost (8,182,676 and 8,000,000 shares as of March 31, 2025 and December 31, 2024, respectively) (56) (55)
Total equity of the Company’s shareholders 1,121 1,051
Equity attributable to non-controlling interest in subsidiaries 6 6
Total shareholders’ equity 1,127 1,057
Total liabilities and shareholders’ equity $ 3,785 $ 3,624