Obtain the annual report for DoorDash Inc, by using the SEC EDGAR website to locate the Form 10-K.(I have attached screen shots of the balance sheet for reference)
- 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.The 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).
- Identify items on the balance sheet that would be important to a manager and determine whether Door Dash's performance related to these items appears to be improving, deteriorating, or remaining stable.Explain the factors causing these conditions.
A B C Consolidated Balance Sheets (Statement) - USD ($) $ in Millions Dec. 31, 2020 Dec. 31, 2019 Current assets: Cash and cash equivalents $ 4,345 $ 257 Marketable securities 514 508 Funds held at payment processors 146 50 Accounts receivable, net 291 58 Prepaid expenses and other current assets 221 125 Total current assets 5,517 998 Restricted cash 30 Operating lease right-of-use assets 203 166 Property and equipment, net 210 101 Intangible assets, net 74 103 Goodwill 316 306 4 Other assets 33 28 Total assets 6,353 1,732 6 Current liabilities: Accounts payable 80 20 Operating lease liabilities 15 17 Convertible notes 364 0 0 Accrued expenses and other current liabilities 943 345 Total current liabilities 1,402 382 Operating lease liabilities 238 167 3 Other liabilities 13 Total liabilities 1,653 550 Commitments and contingencies (Note 10) Redeemable convertible preferred stock, $0.00001 par value, 235,860 and zero shares authorized, 0 2,264 230,667 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, respectively Stockholders' (deficit) equity: Common stock, par value, Class A, Class B and Class C shares authorized, issued and outstanding 0 0 Additional paid-in capital 6,313 70 Accumulated deficit (1,613) (1,152) Total stockholders' (deficit) equity 4,700 (1,082) Total liabilities, redeemable convertible preferred stock, and stockholders' (deficit) equity $ 6,353 $ 1,732 13A B C D Consolidated Balance Sheets (Parenthetical) - USD ($) Dec. 31, 2020 Dec. 31, 2019 Class of Stock [ Line Items] Redeemable convertible preferred stock, par value ($ per share) $ 0.00001 $ 0.00001 Rebeemable convertible preferred, authorized (shares) 0 235,860,000 Redeemable convertible preferred, issued (shares) 0 230,667,000 Redeemable convertible preferred, outstanding (shares) 0 230,667,000 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) 6,000,000,000 360,000,000 Common stock, issued (shares) 287,190,000 43,937,000 Common stock, outstanding (shares) 287,190,000 43,937,000 Class B Common Stock Class of Stock [Line Items] Common stock, authorized (shares) 200,000,000 Common stock, issued (shares) 31,313,000 ooo Common stock, outstanding (shares) 31,313,000 Class C Common Stock Class of Stock [Line Items] Common stock, authorized (shares) 2,000,000,000 0 Common stock, issued (shares) 0 0 Common stock, outstanding (shares) 0 O