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Explain the major components of the balance sheet. Identify and explain any asset or liability line item that comprises over 10% of the total balance

Explain the major components of the balance sheet.  Identify and explain any asset or liability line item that comprises over 10% of the total balance of its perspective total. Your explanation should include the nature and composition of the line item and how it relates to the business (e.g. is it unique to this industry or company).

Consolidated Balance Sheets (Statement) - USD ($) $ in MillionsDec. 31, 2020Dec. 31, 2019
Current assets:
Cash and cash equivalents$ 4,345$ 257
Marketable securities514508
Funds held at payment processors14650
Accounts receivable, net29158
Prepaid expenses and other current assets221125
Total current assets5,517998
Restricted cash030
Operating lease right-of-use assets203166
Property and equipment, net210101
Intangible assets, net74103
Goodwill316306
Other assets3328
Total assets6,3531,732
Current liabilities:
Accounts payable8020
Operating lease liabilities1517
Convertible notes3640
Accrued expenses and other current liabilities943345
Total current liabilities1,402382
Operating lease liabilities238167
Other liabilities131
Total liabilities1,653550
Commitments and contingencies (Note 10)
Redeemable convertible preferred stock, $0.00001 par value, 235,860 and zero shares authorized, 230,667 and zero shares issued and outstanding as of December 31, 2019 and 2020, respectively; liquidation preference of $2,197 and zero as of December 31, 2019 and 2020, respectively02,264
Stockholders’ (deficit) equity:
Common stock, par value, Class A, Class B and Class C shares authorized, issued and outstanding00
Additional paid-in capital6,31370
Accumulated deficit(1,613)(1,152)
Total stockholders’ (deficit) equity4,700(1,082)
Total liabilities, redeemable convertible preferred stock, and stockholders’ (deficit) equity$ 6,353$ 1,732
Consolidated Balance Sheets (Parenthetical) - USD ($)Dec. 31, 2020Dec. 31, 2019
Class of Stock [Line Items]
Redeemable convertible preferred stock, par value ($ per share)$ 0.00001$ 0.00001
Rebeemable convertible preferred, authorized (shares)0235,860,000
Redeemable convertible preferred, issued (shares)0230,667,000
Redeemable convertible preferred, outstanding (shares)0230,667,000
Redeemable convertible preferred liquidation preference$ 0$ 2,197,000,000
Common stock, par value ($ per share)$ 0.00001$ 0.00001
Class A Common Stock
Class of Stock [Line Items]
Common stock, authorized (shares)6,000,000,000360,000,000
Common stock, issued (shares)287,190,00043,937,000
Common stock, outstanding (shares)287,190,00043,937,000
Class B Common Stock
Class of Stock [Line Items]
Common stock, authorized (shares)200,000,0000
Common stock, issued (shares)31,313,0000
Common stock, outstanding (shares)31,313,0000
Class C Common Stock
Class of Stock [Line Items]
Common stock, authorized (shares)2,000,000,0000
Common stock, issued (shares)00
Common stock, outstanding (shares)00

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Balance sheet is one of the financial statement of a company which includes items such as assets liabilities and owners equity where the total assets should be equal to liabilities plus owners equity ... blur-text-image

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