v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 1,723 $ 2,595
Investments 3,415 3,204
Accounts receivable, net 17 184
Inventory 280 153
Prepaid expenses and other current assets 380 408
Total current assets 5,815 6,544
Investments, non-current 1,772 2,336
Property, plant and equipment, net 2,059 2,134
Right-of-use assets, operating leases 697 719
Other non-current assets 618 605
Total assets 10,961 12,338
Current liabilities:    
Accounts payable 167 317
Accrued liabilities 1,909 1,386
Deferred revenue 295 99
Other current liabilities 163 185
Total current liabilities 2,534 1,987
Deferred revenue, non-current 147 153
Operating lease liabilities, non-current 638 653
Financing lease liabilities, non-current 6 20
Long-term debt 591 590
Other non-current liabilities 284 285
Total liabilities 4,200 3,688
Commitments and contingencies (Note 12)
Stockholders’ equity:    
Preferred stock, par value $0.0001; 162 shares authorized as of June 30, 2026 and December 31, 2025; no shares issued or outstanding at June 30, 2026 and December 31, 2025 0 0
Common stock, par value $0.0001; 1,600 shares authorized as of June 30, 2026 and December 31, 2025; 399 and 394 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 0 0
Additional paid-in capital 1,644 1,382
Accumulated other comprehensive income 19 45
Retained earnings 5,098 7,223
Total stockholders’ equity 6,761 8,650
Total liabilities and stockholders’ equity $ 10,961 $ 12,338