Question
What are the major components of the balance sheet for DoorDash Inc? Identify and explain any asset or liability line item that comprises over 10%
What are the major components of the balance sheet for DoorDash Inc?
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).
Consolidated Balance Sheets (Statement) - USD ($) $ in MillionsDec. 31, 2020Dec. 31, 2019Current assets:Cash and cash equivalents$ 4,345$ 257Marketable securities514508Funds held at payment processors14650Accounts receivable, net29158Prepaid expenses and other current assets221125Total current assets5,517998Restricted cash030Operating lease right-of-use assets203166Property and equipment, net210101Intangible assets, net74103Goodwill316306Other assets3328Total assets6,3531,732Current liabilities:Accounts payable8020Operating lease liabilities1517Convertible notes3640Accrued expenses and other current liabilities943345Total current liabilities1,402382Operating lease liabilities238167Other liabilities131Total liabilities1,653550Commitments 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 $2,197 and zero as of December 31, 2019 and 2020, respectively02,264Stockholders' (deficit) equity:Common stock, par value, Class A, Class B and Class C shares authorized, issued and outstanding00Additional paid-in capital6,31370Accumulated deficit(1,613)(1,152)Total stockholders' (deficit) equity4,700(1,082)Total liabilities, redeemable convertible preferred stock, and stockholders' (deficit) equity$ 6,353$ 1,732
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