10-Q Filing

AIRBNB, INC. CIK: 1559720 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001559720-23-000010`
Period End Date	20230331
Filing Date	20230509
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	abnb-20230331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 36 Cash Flow Statement 58 Stockholders Equity 21 Comprehensive Income 12

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.17B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.38B	USD	Point-in-time
Short-term investments (including assets reported at fair value of $2,224 and $2,408, respectively)	`ShortTermInvestments`	$2.24B	USD	Point-in-time
Short-term investments (including assets reported at fair value of $2,224 and $2,408, respectively)	`ShortTermInvestments`	$2.43B	USD	Point-in-time
Funds receivable and amounts held on behalf of customers	`FundsHeldForClients`	$7.76B	USD	Point-in-time
Funds receivable and amounts held on behalf of customers	`FundsHeldForClients`	$4.78B	USD	Point-in-time
Prepaids and other current assets (including customer receivables of $200 and $227 and allowances of $39 and $42, respectively)	`PrepaidExpenseAndOtherAssetsCurrent`	$515.00M	USD	Point-in-time
Prepaids and other current assets (including customer receivables of $200 and $227 and allowances of $39 and $42, respectively)	`PrepaidExpenseAndOtherAssetsCurrent`	$456.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$18.87B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$14.86B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$122.00M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$121.00M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$138.00M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$138.00M	USD	Point-in-time
Goodwill and intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$682.00M	USD	Point-in-time
Goodwill and intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$684.00M	USD	Point-in-time
Other assets, noncurrent	`OtherAssetsNoncurrent`	$207.00M	USD	Point-in-time
Other assets, noncurrent	`OtherAssetsNoncurrent`	$234.00M	USD	Point-in-time
Total assets	`Assets`	$16.04B	USD	Point-in-time
Short-term investments assets reported at fair value	`InvestmentsFairValueDisclosure`	$2.41B	USD	Point-in-time
Total assets	`Assets`	$20.02B	USD	Point-in-time
Short-term investments assets reported at fair value	`InvestmentsFairValueDisclosure`	$2.22B	USD	Point-in-time
Customer receivables	`AccountsReceivableGrossCurrent`	$227.00M	USD	Point-in-time
Customer receivables	`AccountsReceivableGrossCurrent`	$200.00M	USD	Point-in-time
Customer receivables, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$42.00M	USD	Point-in-time
Customer receivables, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$39.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$137.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$161.00M	USD	Point-in-time
Common stock, par value (in USD per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in USD per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$1.88B	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$2.12B	USD	Point-in-time
Funds payable and amounts payable to customers	`ContractWithCustomerLiability`	$7.76B	USD	Point-in-time
Funds payable and amounts payable to customers	`ContractWithCustomerLiability`	$4.78B	USD	Point-in-time
Unearned fees	`DeferredRevenueCurrent`	$1.18B	USD	Point-in-time
Unearned fees	`DeferredRevenueCurrent`	$2.17B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.21B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.98B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.99B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.99B	USD	Point-in-time
Operating lease liabilities, noncurrent	`OperatingLeaseLiabilityNoncurrent`	$300.00M	USD	Point-in-time
Operating lease liabilities, noncurrent	`OperatingLeaseLiabilityNoncurrent`	$295.00M	USD	Point-in-time
Other liabilities, noncurrent	`OtherLiabilitiesNoncurrent`	$218.00M	USD	Point-in-time
Other liabilities, noncurrent	`OtherLiabilitiesNoncurrent`	$227.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$14.73B	USD	Point-in-time
Total liabilities	`Liabilities`	$10.48B	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock	`CommonStockValue`	-	USD	Point-in-time
Common stock	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$11.66B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$11.56B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-30.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-32.00M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.96B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.34B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$4.74B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$5.56B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$5.29B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$4.78B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$16.04B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$20.02B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.82B	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.51B	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$428.00M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$363.00M	USD	1 Quarter
Operations and support	`OperationsAndSupportExpense`	$233.00M	USD	1 Quarter
Operations and support	`OperationsAndSupportExpense`	$282.00M	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$420.00M	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$363.00M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$345.00M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$450.00M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$243.00M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$210.00M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$1.51B	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$1.82B	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-5.00M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-5.00M	USD	1 Quarter
Interest income	`InvestmentIncomeNonoperating`	$5.00M	USD	1 Quarter
Interest income	`InvestmentIncomeNonoperating`	$146.00M	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNonoperatingNet`	$-4.00M	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNonoperatingNet`	$-6.00M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-7.00M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-2.00M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$130.00M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-8.00M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$10.70M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$13.40M	USD	1 Quarter
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-19.00M	USD	1 Quarter
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$117.00M	USD	1 Quarter
Net income (loss) per share attributable to Class A and Class B common stockholders, basic (in USD per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.03	USD	1 Quarter
Net income (loss) per share attributable to Class A and Class B common stockholders, basic (in USD per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.18	USD	1 Quarter
Net income (loss) per share attributable to Class A and Class B common stockholders, diluted (in USD per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.03	USD	1 Quarter
Net income (loss) per share attributable to Class A and Class B common stockholders, diluted (in USD per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.18	USD	1 Quarter
Weighted-average shares used in computing net income (loss) per share attributable to Class A and Class B common stockholders, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	634.00M	shares	1 Quarter
Weighted-average shares used in computing net income (loss) per share attributable to Class A and Class B common stockholders, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	635.00M	shares	1 Quarter
Weighted-average shares used in computing net income (loss) per share attributable to Class A and Class B common stockholders, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	670.00M	shares	1 Quarter
Weighted-average shares used in computing net income (loss) per share attributable to Class A and Class B common stockholders, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	635.00M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$117.00M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-19.00M	USD	1 Quarter
Depreciation and amortization	`OtherDepreciationAndAmortization`	$29.00M	USD	1 Quarter
Depreciation and amortization	`OtherDepreciationAndAmortization`	$11.00M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$195.00M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$240.00M	USD	1 Quarter
Foreign exchange (gain) loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-15.00M	USD	1 Quarter
Foreign exchange (gain) loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$17.00M	USD	1 Quarter
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$29.00M	USD	1 Quarter
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$29.00M	USD	1 Quarter
Prepaids and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$31.00M	USD	1 Quarter
Prepaids and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$19.00M	USD	1 Quarter
Operating lease right-of-use assets	`IncreaseDecreaseInOperatingLeaseRightOfUseAssets`	$1.00M	USD	1 Quarter
Operating lease right-of-use assets	`IncreaseDecreaseInOperatingLeaseRightOfUseAssets`	$-9.00M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$10.00M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$24.00M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$109.00M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$226.00M	USD	1 Quarter
Unearned fees	`IncreaseDecreaseInDeferredRevenue`	$844.00M	USD	1 Quarter
Unearned fees	`IncreaseDecreaseInDeferredRevenue`	$989.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.20B	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.59B	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.00M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.00M	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$1.09B	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$928.00M	USD	1 Quarter
Sales and maturities of short-term investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$740.00M	USD	1 Quarter
Sales and maturities of short-term investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$917.00M	USD	1 Quarter
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	1 Quarter
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$3.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-183.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-197.00M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$205.00M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$151.00M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$12.00M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$17.00M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$493.00M	USD	1 Quarter
Change in funds payable and amounts payable to customers	`ChangeInFundsPayableAndAmountsPayableToCustomers`	$2.40B	USD	1 Quarter
Change in funds payable and amounts payable to customers	`ChangeInFundsPayableAndAmountsPayableToCustomers`	$2.91B	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.29B	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.20B	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$79.00M	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.00M	USD	1 Quarter
Net increase in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$3.77B	USD	1 Quarter
Net increase in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$3.21B	USD	1 Quarter
Cash, cash equivalents, and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.94B	USD	Point-in-time
Cash, cash equivalents, and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$15.87B	USD	Point-in-time
Cash, cash equivalents, and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.73B	USD	Point-in-time
Cash, cash equivalents, and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.10B	USD	Point-in-time
Cash, cash equivalents, and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.94B	USD	Point-in-time
Cash, cash equivalents, and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$15.87B	USD	Point-in-time
Cash, cash equivalents, and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.73B	USD	Point-in-time
Cash, cash equivalents, and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.10B	USD	Point-in-time
Cash paid for income taxes, net of refunds	`IncomeTaxesPaid`	$11.00M	USD	1 Quarter
Cash paid for income taxes, net of refunds	`IncomeTaxesPaid`	$15.00M	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$3.00M	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$1.00M	USD	1 Quarter

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$4.74B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$5.56B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$5.29B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$4.78B	USD	Point-in-time
Net (loss) income	`NetIncomeLoss`	$117.00M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-19.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$2.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-5.00M	USD	1 Quarter
Exercise of common stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	2.00M	shares	1 Quarter
Exercise of common stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$12.00M	USD	1 Quarter
Exercise of common stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$17.00M	USD	1 Quarter
Issuance of common stock upon settlement of RSUs, net of shares withheld for taxes	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-155.00M	USD	1 Quarter
Issuance of common stock upon settlement of RSUs, net of shares withheld for taxes	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-224.00M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$243.00M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$198.00M	USD	1 Quarter
Repurchases of common stock (in shares)	`StockRepurchasedAndRetiredDuringPeriodShares`	4.00M	shares	1 Quarter
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$492.70M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$4.74B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$5.56B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$5.29B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$4.78B	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$117.00M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-19.00M	USD	1 Quarter
Net unrealized income (loss) on available-for-sale marketable securities, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-4.00M	USD	1 Quarter
Net unrealized income (loss) on available-for-sale marketable securities, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$3.00M	USD	1 Quarter
Net unrealized loss on cash flow hedges, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-4.00M	USD	1 Quarter
Net unrealized loss on cash flow hedges, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	-	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-1.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$3.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$2.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-5.00M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-24.00M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$119.00M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.