For the year ending 2025-12-31, ABNB had $726M increase in cash & cash equivalents over the period.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | 2,511 | 2,648 | 4,792 | 1,893 |
| Depreciation and amortization | - | 65 | 44 | 81 |
| Bad debt expense | - | - | - | 49 |
| Stock-based compensation expense | 1,592 | 1,407 | 1,120 | 930 |
| Deferred income taxes | - | - | - | -1 |
| Impairment of investments | - | - | - | 0 |
| (gain) loss on investments, net | - | - | - | 2 |
| Deferred income taxes | 376 | 433 | -2,875 | - |
| Loss on warrants, net | - | - | 0 | 0 |
| Foreign exchange (gain) loss | - | - | - | -62 |
| Impairment of long-lived assets | - | 0 | 0 | 91 |
| Loss from extinguishment of debt | - | - | 0 | 0 |
| Other, net | 273 | 32 | 83 | 8 |
| Prepaids and other assets | 346 | 163 | 102 | 226 |
| Operating lease right-of-use assets | - | - | - | -41 |
| Accounts payable | - | - | - | 20 |
| Accrued expenses and other liabilities | 118 | -104 | 580 | 273 |
| Operating lease liabilities | - | - | - | -69 |
| Unearned fees | 122 | 200 | 242 | 280 |
| Net cash provided by operating activities | 4,646 | 4,518 | 3,884 | 3,430 |
| Principal repayment of long-term debt | - | - | 0 | 0 |
| Purchases of property and equipment | - | - | - | 25 |
| Prepayment penalty on long-term debt | - | - | 0 | 0 |
| Purchases of short-term investments | 3,438 | 3,146 | 3,308 | 4,072 |
| Proceeds from issuance of long-term debt and warrants, net of issuance costs | - | - | - | 0 |
| Sales of marketable securities | - | - | - | 909 |
| Proceeds from issuance of convertible senior notes, net of issuance costs | - | - | 0 | 0 |
| Maturities of marketable securities | - | - | - | 3,162 |
| Sales and maturities of short-term investments | 2,736 | 2,605 | 2,380 | - |
| Purchases of capped calls related to convertible senior notes | - | - | 0 | 0 |
| Other investing activities, net | 46 | 75 | 114 | 2 |
| Proceeds from exercise of equity awards and employee stock purchase plan | - | - | 110 | 40 |
| Net cash used in investing activities | -748 | -616 | -1,042 | -28 |
| Proceeds from the issuance of common stock under employee stock purchase plan | - | - | - | 48 |
| Proceeds from issuance of common stock upon initial public offering, net of underwriting discounts and offering costs | - | - | - | 0 |
| Share repurchases | 3,789 | 3,430 | 2,252 | 1,500 |
| Taxes paid related to tax on equity awards | 561 | 630 | 1,224 | 607 |
| Change in funds payable and amounts payable to customers | 401 | 320 | 936 | 1,330 |
| Other financing activities, net | - | - | - | 0 |
| Proceeds from exercise of equity awards and employee stock purchase plan | 122 | 168 | - | - |
| Net cash used in financing activities | -3,827 | -3,572 | -2,430 | -689 |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | 655 | -237 | 152 | -337 |
| Net increase in cash, cash equivalents, and restricted cash | 726 | 93 | 564 | 2,376 |
| Cash and cash equivalents at beginning of period | 12,760 | 12,667 | 12,103 | 9,727 |
| Cash and cash equivalents at end of period | 13,486 | 12,760 | 12,667 | 12,103 |
Airbnb, Inc. (ABNB)
Airbnb, Inc. (ABNB)