DoorDash (DASH) 10-Q 6 May 22 2022 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2022	Apr. 26, 2022
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
Document Transition Report	false
Entity File Number	001-39759
Entity Registrant Name	DOORDASH, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	46-2852392
Entity Address, Address Line One	303 2nd Street, South Tower, 8th Floor
Entity Address, City or Town	San Francisco
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94107
City Area Code	650
Local Phone Number	487-3970
Title of 12(b) Security	Class A common stock, par value of $0.00001 per share
Trading Symbol	DASH
Security Exchange Name	NYSE
Entity Current Reporting Status	No
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001792789
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Class A Common Stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		320,984,846
Class B Common Stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		30,265,011
Class C Common Stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		0

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (unaudited) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 2,243	$ 2,504
Short-term marketable securities	1,353	1,253
Funds held at payment processors	293	320
Accounts receivable, net	321	349
Prepaid expenses and other current assets	208	139
Total current assets	4,418	4,565
Long-term marketable securities	643	650
Operating lease right-of-use assets	354	336
Property and equipment, net	455	402
Intangible assets, net	76	61
Goodwill	376	316
Non-marketable equity securities	412	409
Other assets	88	70
Total assets	6,822	6,809
Current liabilities:
Accounts payable	203	161
Operating lease liabilities	31	26
Accrued expenses and other current liabilities	1,526	1,573
Total current liabilities	1,760	1,760
Operating lease liabilities	391	373
Other liabilities	19	9
Total liabilities	2,170	2,142
Commitments and contingencies (Note 8)
Stockholders’ equity:
Common stock, par value, Class A, Class B and Class C shares authorized, issued and outstanding	0	0
Additional paid-in capital	6,914	6,752
Accumulated other comprehensive loss	(14)	(4)
Accumulated deficit	(2,248)	(2,081)
Total stockholders’ equity	4,652	4,667
Total liabilities and stockholders’ equity	$ 6,822	$ 6,809

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (unaudited) (Parenthetical) - $ / shares	Mar. 31, 2022	Dec. 31, 2021
Class of Stock [Line Items]
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	6,000,000,000
Common stock, issued (shares)	320,848,000	315,266,000
Common stock, outstanding (shares)	320,848,000	315,266,000
Class B Common Stock
Class of Stock [Line Items]
Common stock, authorized (shares)	200,000,000	200,000,000
Common stock, issued (shares)	30,265,000	31,246,000
Common stock, outstanding (shares)	30,265,000	31,246,000
Class C Common Stock
Class of Stock [Line Items]
Common stock, authorized (shares)	2,000,000,000	2,000,000,000
Common stock, issued (shares)	0	0
Common stock, outstanding (shares)	0	0

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (unaudited) - USD ($) shares in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Statement [Abstract]
Revenue	$ 1,456,000,000	$ 1,077,000,000
Costs and expenses:
Cost of revenue, exclusive of depreciation and amortization shown separately below	763,000,000	563,000,000
Sales and marketing	414,000,000	333,000,000
Research and development	148,000,000	82,000,000
General and administrative	245,000,000	169,000,000
Depreciation and amortization	59,000,000	29,000,000
Total costs and expenses	1,629,000,000	1,176,000,000
Loss from operations	(173,000,000)	(99,000,000)
Interest income	1,000,000	2,000,000
Interest expense	0	(12,000,000)
Other income, net	5,000,000	0
Loss before provision for income taxes	(167,000,000)	(109,000,000)
Provision for income taxes	0	1,000,000
Net loss	$ (167,000,000)	$ (110,000,000)
Earnings Per Share
Net loss per share attributable to common stockholders, basic (in $ per share)	$ (0.48)	$ (0.34)
Net loss attributable to common stockholders, diluted (in $ per share)	$ (0.48)	$ (0.34)
Weighted-average number of shares outstanding used to compute net loss per share attributable to common stockholders, basic (in shares)	349,219	327,815
Weighted-average number of shares outstanding used to compute net loss per share attributable to common stockholders, diluted (in shares)	349,219	327,815

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss (unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Comprehensive Income [Abstract]
Net loss	$ (167)	$ (110)
Other comprehensive loss:
Change in unrealized loss on marketable securities	(10)	0
Total other comprehensive loss	(10)	0
Comprehensive loss	$ (177)	$ (110)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity (Deficit) (unaudited) - USD ($) shares in Thousands, $ in Millions	Total	Common Stock	Additional Paid-in Capital	Accumulated Deficit	Accumulated Other Comprehensive Income (Loss)
Common stock, outstanding (shares), beginning at Dec. 31, 2020		318,503
Common stock, outstanding, beginning at Dec. 31, 2020	$ 4,700	$ 0	$ 6,313	$ (1,613)	$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon settlement of RSUs (shares)		1,836
Shares withheld related to net share settlement (shares)		(802)
Shares withheld related to net share settlement	(166)		(166)
Issuance of common stock upon exercise of stock options (shares)		5,989
Issuance of common stock upon exercise of stock options	13		13
Stock-based compensation	118		118
Other comprehensive income	0
Net loss	(110)			(110)
Common stock, outstanding (shares), ending at Mar. 31, 2021		325,526
Common stock, outstanding, ending at Mar. 31, 2021	4,555	$ 0	6,278	(1,723)	0
Common stock, outstanding (shares), beginning at Dec. 31, 2021		346,512
Common stock, outstanding, beginning at Dec. 31, 2021	$ 4,667	$ 0	6,752	(2,081)	(4)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon settlement of RSUs (shares)		1,915
Issuance of common stock upon exercise of stock options (shares)	2,687	2,686
Issuance of common stock upon exercise of stock options	$ 5		5
Stock-based compensation	157		157
Other comprehensive income	(10)				(10)
Net loss	(167)			(167)
Common stock, outstanding (shares), ending at Mar. 31, 2022		351,113
Common stock, outstanding, ending at Mar. 31, 2022	$ 4,652	$ 0	$ 6,914	$ (2,248)	$ (14)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Cash flows from operating activities
Net loss	$ (167)	$ (110)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	59	29
Non-cash interest expense	0	11
Stock-based compensation	129	97
Reduction of operating lease right-of-use assets and accretion of operating lease liabilities	16	11
Bad debt expense	2	16
Other	1	6
Changes in operating assets and liabilities:
Funds held at payment processors	30	19
Accounts receivable, net	25	(7)
Prepaid expenses and other current assets	(68)	79
Other assets	(23)	(4)
Accounts payable	34	0
Accrued expenses and other current liabilities	(44)	27
Payments for operating lease liabilities	(14)	(8)
Net cash provided by (used in) operating activities	(20)	166
Cash flows from investing activities
Purchases of property and equipment	(32)	(32)
Acquisition, net of cash acquired	(71)	0
Capitalized software and website development costs	(39)	(22)
Purchases of marketable securities	(656)	(99)
Maturities of marketable securities	201	146
Sales of marketable securities	351	0
Net cash used in investing activities	(246)	(7)
Cash flows from financing activities
Proceeds from exercise of stock options	5	13
Deferred offering costs paid	0	(10)
Repayment of convertible notes	0	(333)
Taxes paid related to net share settlement of equity awards	0	(166)
Net cash (used in) provided by financing activities	5	(496)
Foreign currency effect on cash, cash equivalents, and restricted cash	1	0
Net decrease in cash, cash equivalents, and restricted cash	(260)	(337)
Cash, cash equivalents, and restricted cash, beginning of period	2,506	4,345
Cash, cash equivalents, and restricted cash, end of period	$ 2,246	$ 4,008

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows (unaudited) (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Reconciliation of cash, cash equivalents, and restricted cash to the condensed consolidated balance sheets
Cash and cash equivalents	$ 2,243	$ 4,007
Restricted cash	3	1
Total cash, cash equivalents, and restricted cash	2,246	4,008
Supplemental disclosure of cash flow information
Cash paid for interest	0	42
Non-cash investing and financing activities
Purchases of property and equipment not yet settled	33	11
Stock-based compensation included in capitalized software and website development costs	28	21
Holdback consideration for acquisition	$ 9	$ 0

Organization and Description of

Organization and Description of Business	3 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Description of Business	Organization and Description of Business DoorDash, Inc. (the “Company”), is incorporated in Delaware with headquarters in San Francisco, California. The Company provides a local commerce platform that enables local businesses to address consumers’ expectations of ease and immediacy and thrive in today’s convenience economy. The Company’s local commerce platform connects merchants, consumers, and Dashers. The Company operates the DoorDash Marketplace, which enables merchants to establish an online presence and expand their reach by connecting them with consumers (the “Marketplace”). Merchants can fulfill this demand with independent contractors who use the Company’s platform to deliver orders (“Dashers”). As part of the Marketplace, the Company also offers Pickup, which allows consumers to place advance orders, skip lines, and pick up their orders conveniently with no consumer fees, as well as DoorDash for Work, which provides merchants on the Company’s platform with large group orders and catering orders for businesses and events. The Marketplace also includes DashPass, the Company’s membership product, which provides consumers with unlimited access to eligible merchants with zero delivery fees and reduced service fees. In addition to the Marketplace, the Company offers Platform Services, which primarily includes DoorDash Drive ("Drive"), a white-label delivery fulfillment service that enables merchants that have generated consumer demand through their own channels to fulfill this demand using the Company’s platform, and DoorDash Storefront ("Storefront"), that enables merchants to create their own branded online ordering experience, providing them with a turnkey solution to offer consumers on-demand access to e-commerce without investing in in-house engineering or fulfillment capabilities.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited condensed consolidated financial statements include the accounts of DoorDash, Inc. and its wholly-owned subsidiaries and have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and the requirements of the U.S. Securities and Exchange Commission (the “SEC”) for interim reporting. All intercompany transactions have been eliminated in consolidation. These unaudited condensed consolidated interim financial statements reflect all normal recurring adjustments that are, in the opinion of management, necessary to fairly present the information set forth herein. They should be read in conjunction with the audited consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021. Interim results are not necessarily indicative of the results for a full year. Use of Estimates The preparation of condensed consolidated financial statements in accordance with GAAP requires management to make certain estimates, judgments, and assumptions that affect the reported amounts of assets and liabilities and the related disclosures at the date of the financial statements, as well as the reported amounts of revenue and expenses during the periods presented. Estimates include, but are not limited to, revenue recognition, allowances for credit losses, gift card breakage, estimated useful lives of property and equipment, capitalized software and website development costs, intangible assets, stock-based compensation, valuation of investments and other financial instruments, valuation of acquired intangible assets and goodwill, the incremental borrowing rate applied in lease accounting, insurance reserves, loss contingencies, and income and indirect taxes. Actual results could differ from these estimates. Significant Accounting Policies There have been no material changes to the Company's significant accounting policies from its Annual Report on Form 10-K for the fiscal year ended December 31, 2021.

Revenue

Revenue	3 Months Ended
	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue	Revenue Disaggregated Revenue Information All revenue recognized during the periods presented was related to the Company's core business, which is primarily comprised of Marketplace (which includes Pickup and DoorDash for Work) and Drive. Revenue by geographic area is determined based on the address of the merchant, or in the case of DashPass, the address of the consumer. Revenue by geographic area was as follows (in millions): Three Months Ended March 31, 2021 2022 United States $ 1,072 $ 1,445 International 5 11 Total revenue $ 1,077 $ 1,456 Contract Liabilities The timing of revenue recognition may differ from the timing of invoicing to or collections from customers. The Company’s contract liabilities balance, which is included in accrued expenses and other current liabilities on the condensed consolidated balance sheets, is primarily comprised of unredeemed gift cards, prepayments received from consumers and merchants, certain consumer credits as well as other transactions for which the revenue is recognized over time. A summary of activities related to contract liabilities for the three months ended March 31, 2022 was as follows (in millions): Contract Liabilities Beginning balance $ 183 Addition to contract liabilities 407 Reduction of contract liabilities (1)(2) (418) Ending balance $ 172 (1) Gift cards and certain consumer credits can be redeemed through the Marketplace. When they are redeemed, revenue is recognized on a net basis as the difference between the amounts collected from consumers less amounts remitted to merchants and Dashers for those transactions. Therefore, the amount recognized as revenue related to the reduction of gift cards and certain consumer credits is less than the amount presented in the table above. Net revenue associated with gift cards and certain consumer credits is not tracked by the Company as it is impracticable to do so. (2) Included in the beginning balance of contract liabilities was $68 million associated with unearned prepayments received by the Company, of which $42 million was recognized as revenue during the three months ended March 31, 2022. Deferred Contract Costs Deferred contract costs represent direct and incremental costs incurred to acquire or fulfill the Company’s contracts, consisting of sales commissions and costs related to merchant onboarding, which the Company expects to recover. Deferred contract costs are amortized on a straight-line basis over the expected period of benefit, which the Company determined by considering historical attrition rates and other factors. Deferred contract costs are recorded in prepaid expenses and other current assets and other assets on the condensed consolidated balance sheets. Amortization of deferred contract costs related to sales commissions is recognized in sales and marketing expense and amortization of deferred contract costs related to merchant onboarding is recognized in cost of revenue, exclusive of depreciation and amortization in the condensed consolidated statements of operations. A summary of activities related to deferred contract costs was as follows (in millions): Three Months Ended March 31, 2021 2022 Beginning balance $ 43 $ 62 Capitalization of deferred contract costs 6 13 Amortization of deferred contract costs (5) (6) Ending balance $ 44 $ 69 Deferred contract costs, current $ 17 $ 27 Deferred contract costs, non-current 27 42 Total deferred contract costs $ 44 $ 69 Allowance for Credit Losses The allowance for credit losses related to accounts receivable and changes were as follows (in millions): Three Months Ended March 31, 2021 2022 Beginning balance $ 13 $ 39 Additions to the provision for expected credit losses 16 2 Writeoffs charged against the allowance (1) (4) Ending balance $ 28 $ 37

Acquisitions

Acquisitions	3 Months Ended
	Mar. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Acquisition	Acquisition Bbot Acquisition On March 1, 2022, the Company acquired Bbot, Inc., a hospitality technology company. The addition of Bbot's products and technology to the Company's platform will offer merchants more solutions for their in-store and online channels, including in-store digital ordering and payments. The acquisition was accounted for under the acquisition method of accounting. The total purchase consideration was approximately $88 million in cash, including a $9 million indemnification holdback, which was recorded in other liabilities. The total purchase consideration was allocated to the tangible and intangible assets acquired, and liabilities assumed, based upon their respective fair values as of the date of the acquisition. The excess of the purchase price over the net assets acquired was recorded as goodwill. Goodwill is primarily attributable to the anticipated synergies from the future growth opportunities from the adoption of Bbot’s technology by the Company’s merchants. The fair value of assets acquired and liabilities assumed are based on management’s best estimate and assumptions, and are considered preliminary pending finalization of the valuation analyses pertaining to assets acquired and liabilities assumed, which primarily relate to acquired intangible assets. The measurement period will end no later than one-year from the acquisition date. The following table summarizes the fair values of the assets acquired and liabilities assumed as of the acquisition date (in millions): March 1, 2022 Current assets $ 11 Intangible assets 18 Goodwill 60 Other liabilities (1) Total purchase price $ 88 The intangible assets acquired consisted of existing technology and customer relationships, which had estimated remaining useful lives of 5 and 3 years as of the date of the acquisition, respectively. The acquisition was not material to the Company for the periods presented and therefore, pro forma information has not been presented.

Goodwill and Intangible Assets,

Goodwill and Intangible Assets, Net	3 Months Ended
	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets, Net	Goodwill and Intangible Assets, Net The changes in the carrying amount of goodwill during the three months ended March 31, 2022 were as follows (in millions): Total Balance as of December 31, 2021 $ 316 Acquisition 60 Balance as of March 31, 2022 $ 376 Intangible assets, net consisted of the following as of December 31, 2021 (in millions): Weighted-average Gross Carrying Accumulated Net Carrying Existing technology 7.0 $ 71 $ (52) $ 19 Vendor relationships 10.8 45 (8) 37 Courier relationships — 1 (1) — Customer relationships 0.8 9 (6) 3 Trade name and trademarks 0.8 6 (4) 2 Balance as of December 31, 2021 $ 132 $ (71) $ 61 Intangible assets, net consisted of the following as of March 31, 2022 (in millions): Weighted-average Gross Carrying Accumulated Net Carrying Existing technology 5.9 $ 86 $ (53) $ 33 Vendor relationships 10.6 45 (8) 37 Courier relationships — 1 (1) — Customer relationships 2.1 12 (7) 5 Trade name and trademarks 0.6 6 (5) 1 Balance as of March 31, 2022 $ 150 $ (74) $ 76 Amortization expense associated with intangible assets was $4 million and $3 million for the three months ended March 31, 2021 and 2022, respectively. The estimated future amortization expense of intangible assets as of March 31, 2022 was as follows (in millions): Year Ending December 31, Amortization Remainder of 2022 $ 11 2023 10 2024 10 2025 9 2026 9 Thereafter 27 Total estimated future amortization expense $ 76

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The following tables set forth the Company’s cash equivalents and marketable securities that were measured at fair value on a recurring basis by level within the fair value hierarchy (in millions): December 31, 2021 Level 1 Level 2 Level 3 Total Cash equivalents Money market funds $ 544 $ — $ — $ 544 U.S. Treasury securities — 50 — 50 Short-term marketable securities Commercial paper — 373 — 373 Corporate bonds — 141 — 141 U.S. government agency securities — 69 — 69 U.S. Treasury securities — 670 — 670 Long-term marketable securities Corporate bonds — 114 — 114 U.S. government agency securities — 49 — 49 U.S. Treasury securities — 487 — 487 Total $ 544 $ 1,953 $ — $ 2,497 March 31, 2022 Level 1 Level 2 Level 3 Total Cash equivalents Money market funds $ 442 $ — $ — $ 442 U.S. Treasury securities — 49 — 49 Short-term marketable securities Commercial paper — 215 — 215 Corporate bonds — 162 — 162 U.S. government agency securities — 79 — 79 U.S. Treasury securities — 897 897 Long-term marketable securities Corporate bonds — 54 — 54 U.S. government agency securities — 42 — 42 U.S. Treasury securities — 547 — 547 Total $ 442 $ 2,045 $ — $ 2,487 The fair value of the Company’s Level 1 financial instruments is based on quoted market prices for identical instruments in active markets. The fair value of the Company’s Level 2 fixed income securities is obtained from an independent pricing service, which may use quoted market prices for identical or comparable instruments in less active markets or model driven valuations using observable market data or inputs corroborated by observable market data. There were no Level 3 assets or liabilities as of December 31, 2021 and March 31, 2022.

Balance Sheet Components

Balance Sheet Components	3 Months Ended
	Mar. 31, 2022
Balance Sheet Related Disclosures [Abstract]
Balance Sheet Components	Balance Sheet Components Cash Equivalents and Marketable Securities The following tables summarize the cost or amortized cost, gross unrealized gain, gross unrealized loss, and fair value of the Company’s cash equivalents and marketable securities (in millions): December 31, 2021 Cost or Unrealized Estimated Gains Losses Cash equivalents Money market funds $ 544 $ — $ — $ 544 U.S. Treasury securities 50 — — 50 Short-term marketable securities Commercial paper 373 — — 373 Corporate bonds 141 — — 141 U.S. government agency securities 69 — — 69 U.S. Treasury securities 671 — (1) 670 Long-term marketable securities Corporate bonds 115 — (1) 114 U.S. government agency securities 49 — — 49 U.S. Treasury securities 489 — (2) 487 Total $ 2,501 $ — $ (4) $ 2,497 March 31, 2022 Cost or Unrealized Estimated Gains Losses Cash equivalents Money market funds $ 442 $ — $ — $ 442 U.S. Treasury securities 49 — — 49 Short-term marketable securities Commercial paper 215 — — 215 Corporate bonds 163 — (1) 162 U.S. government agency securities 79 — — 79 U.S. Treasury securities 900 — (3) 897 Long-term marketable securities Corporate bonds 55 — (1) 54 U.S. government agency securities 43 — (1) 42 U.S. Treasury securities 555 — (8) 547 Total $ 2,501 $ — $ (14) $ 2,487 For marketable securities with unrealized loss positions, the Company does not intend to sell these securities and it is more likely than not that the Company will hold these securities until maturity or a recovery of the cost basis. No allowance for credit losses was recorded for these securities as of December 31, 2021, and March 31, 2022. Property and Equipment, net Property and equipment, net consisted of the following (in millions): December 31, March 31, Equipment for merchants $ 160 $ 172 Capitalized software and website development costs 288 355 Leasehold improvements 98 110 Computer equipment and software 47 53 Office equipment 25 28 Construction in progress 31 38 Total 649 756 Less: Accumulated depreciation and amortization (247) (301) Property and equipment, net $ 402 $ 455 Depreciation expenses were $18 million and $27 million for the three months ended March 31, 2021 and 2022, respectively. The Company capitalized $43 million and $67 million in capitalized software and website development costs during the three months ended March 31, 2021 and 2022, respectively. Capitalized software and website development costs are included in property and equipment, net on the condensed consolidated balance sheets. Amortization of capitalized software and website development costs was $7 million and $29 million for the three months ended March 31, 2021 and 2022, respectively. Construction in progress primarily included leasehold improvements on premises that are not ready for use and equipment for merchants that are not placed in service. Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities consisted of the following (in millions): December 31, March 31, Dasher and merchant payable $ 424 $ 359 Accrued operations related expenses 217 184 Contract liabilities 183 172 Sales tax payable and accrued sales and indirect taxes 167 163 Insurance reserves 143 206 Litigation reserves 107 120 Accrued advertising 102 96 Other 230 226 Total $ 1,573 $ 1,526

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Legal Proceedings From time to time, the Company may be a party to litigation and subject to claims incidental to its business. Although the results of litigation and claims cannot be predicted with certainty, the Company currently believes that the final outcome of these matters will not have a material adverse effect on its business. Regardless of the outcome, litigation can have an adverse impact on the Company because of judgment, defense and settlement costs, diversion of management resources, and other factors. At each reporting period, the Company evaluates whether or not a potential loss amount or a potential range of loss is probable and reasonably estimable, requiring recognition of a loss accrual, or whether the potential loss is reasonably possible, requiring potential disclosure. Legal fees are expensed as incurred. The Company has been and continues to be involved in numerous legal proceedings related to Dasher classification, and such proceedings have increased in volume since the California Supreme Court’s 2018 ruling in Dynamex Operations West, Inc. v. Superior Court (“Dynamex”) . The California Legislature passed legislation (“AB 5”), that was signed into law in September 2019 and became effective on January 1, 2020. AB 5 codified the Dynamex standard regarding contractor classification, expanded its application and created numerous carve-outs, which may have an adverse effect on the Company’s business, financial condition, and results of operations, and may lead to increased legal proceedings and related expenses and may require the Company to significantly alter its existing business model and operations. Further, some jurisdictions are considering implementing standards similar to the test set forth in Dynamex to determine worker classification. The Company is currently the subject of regulatory and administrative investigations, audits, and inquiries conducted by federal, state, or local governmental agencies concerning the Company’s business practices, the classification and compensation of delivery providers, the Dasher pay model, and other matters. For example, the Company is currently under audit by the Employment Development Department, State of California for payroll tax liabilities. The Company believes that Dashers are, and have been, properly classified as independent contractors, and thus plans to vigorously contest any adverse assessment or determination. The Company’s chances of success on the merits is uncertain. In November 2019 the Company filed an agreement to pay $40 million with the representatives of Dashers that had filed certain actions in California and Massachusetts in settlement of claims under the Private Attorney General Act and class action claims alleging worker misclassification of Dashers against the Company. These actions were filed by and on behalf of Massachusetts Dashers that utilized the DoorDash platform since September 2014 and California Dashers that utilized the DoorDash platform since August 2016. The Company entered into several amended settlement agreements to increase the total amount to be paid by the Company, including a final settlement agreement in April 2021, which increased the total amount to be paid by the Company to $100 million. In January 2022, the settlement received final approval and the Company anticipates the payout of $100 million in 2022. In June 2020, the San Francisco District Attorney filed an action in the Superior Court of California, County of San Francisco, alleging that the Company misclassified Dashers as independent contractors as opposed to employees in violation of the California Labor Code and the California Unfair Competition Law, among other allegations. This action is seeking both restitutionary damages and a permanent injunction that would bar the Company from continuing to classify Dashers as independent contractors. It is a reasonable possibility that a loss may be incurred; however, the possible range of losses is not estimable given the status of the case. Indemnification The Company enters into standard indemnification arrangements in the ordinary course of business. Pursuant to these arrangements, the Company indemnifies, holds harmless, and agrees to reimburse the indemnified parties for losses suffered or incurred by the indemnified party, in connection with any trade secret, copyright, patent, or other intellectual property infringement claim by any third-party with respect to its technology. The terms of these indemnification agreements are generally perpetual any time after the execution of the agreement. The maximum potential amount of future payments the Company could be required to make under these agreements is not determinable because it involves claims that may be made against the Company in the future, but have not yet been made. The Company has not incurred costs to defend lawsuits or settle claims related to these indemnification agreements. The Company has entered into or will enter into indemnification agreements with its directors and officers that may require the Company to indemnify its directors and officers against liabilities that may arise by reason of their status or service as directors or officers, other than liabilities arising from willful misconduct of the individual. No liability associated with such indemnifications was recorded as of December 31, 2021 and March 31, 2022. Revolving Credit Facility and Letters of Credit In November 2019, the Company entered into a revolving credit and guaranty agreement which provides for a $300 million unsecured revolving credit facility maturing on November 19, 2024. Loans under the credit facility bear interest, at the Company’s option, at (i) a base rate equal to the highest of (A) the prime rate, (B) the higher of the federal funds rate or a composite overnight bank borrowing rate plus 0.50%, or (C) an adjusted LIBOR rate for a one-month interest period plus 1.00%, or (ii) an adjusted LIBOR rate plus a margin equal to 1.00%. The Company is also obligated to pay other customary fees for a credit facility of this size and type, including letter of credit fees, an upfront fee, and an unused commitment fee of 0.10%. The credit agreement contains customary affirmative covenants, such as financial statement reporting requirements and restrictions on the use of proceeds, as well as customary negative covenants that restrict its ability and its subsidiaries’ ability to, among other things, incur additional indebtedness, incur liens, declare cash dividends in the entirety or make certain other distributions, merge or consolidate with other companies or sell substantially all of its assets, make investments, loans and acquisitions, and engage in transactions with affiliates. In August 2020, the Company amended and restated its existing revolving credit and guaranty agreement to provide for $100 million of incremental revolving loan commitments, effective upon the consummation of an initial public offering of the Company’s common stock on or prior to August 7, 2021, for total revolving commitments of $400 million. The amendment and restatement also extended the maturity date for the revolving credit facility from November 19, 2024 to August 7, 2025. As of December 31, 2021 and March 31, 2022, the Company was in compliance with the covenants under the credit agreement. As of December 31, 2021 and March 31, 2022, no amounts were drawn from the credit facility. The Company maintains letters of credit established primarily for real estate leases and insurance policies. As of December 31, 2021 and March 31, 2022, the Company had $60 million and $80 million of issued letters of credit outstanding, respectively, of which $39 million and $59 million, respectively, were issued from the revolving credit and guaranty agreement. Sales and Indirect Tax Matters The Company is under audit by various state and local tax authorities with regard to sales and indirect tax matters. The Company records sales and indirect tax reserves when they become probable and the amount can be reasonably estimated. These reserves are included in accrued expenses and other current liabilities on the condensed consolidated balance sheets. The timing of the resolution of indirect tax examinations is highly uncertain, and the amounts ultimately paid, if any, upon resolution of the issues raised by the tax authorities may differ from the amounts accrued. It is reasonably possible that within the next twelve months the Company will receive additional assessments by various tax authorities in one or more jurisdictions. These assessments could result in changes to the Company's reserves related to positions on sales and indirect tax filings.

Common Stock

Common Stock	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
Common Stock	Common Stock 2014 Equity Incentive Plan In March 2014, the Company adopted the 2014 Stock Option Plan, as amended (the "2014 Plan"), which provided for the granting of stock options to employees, consultants, and advisors of the Company. Options granted under the 2014 Plan are either incentive stock options or nonqualified stock options. Options under the 2014 Plan were granted at prices no less than 100% of the estimated fair value of the shares on the date of grant as determined by the Company’s board of directors; provided, however, that the exercise price of an incentive stock option granted to a greater than 10% stockholder could not be less than 110% of the estimated fair value of the shares on the date of grant. Options granted generally vest over four years. The 2014 Plan allowed for the early exercise of options. Under the terms of the 2014 Plan, option holders, upon early exercise, were required to sign a restricted stock purchase agreement that gave the Company the right to repurchase any unvested shares, at the original exercise price, in the event the grantees’ employment terminated for any reason. The repurchase right lapses over time as the shares vest at the same rate as the original option vesting schedule. Stock-based awards forfeited, cancelled, or repurchased generally were returned to the pool of shares of common stock available for issuance. In connection with the Company's initial public offering (the "IPO"), the 2014 Plan was terminated effective immediately prior to the effectiveness of the 2020 Equity Incentive Plan (the "2020 Plan") and the Company ceased granting any additional awards under the 2014 Plan. All outstanding awards under the 2014 Plan at the time of the termination of the 2014 Plan remain subject to the terms of the 2014 Plan, and any shares underlying stock options that expire or terminate or are forfeited or repurchased by the Company under the 2014 Plan were automatically transferred to the 2020 Plan. 2020 Equity Incentive Plan In November 2020, the Company's board of directors adopted, and the Company's stockholders approved, the 2020 Plan, which became effective one business day prior to the effective date of the Company's IPO registration statement. The 2020 Plan provides for the granting of nonstatutory stock options, restricted stock, restricted stock units ("RSUs"), stock appreciation rights, performance units, and performance shares for the Company's Class A common stock to the Company's employees, directors, and consultants. Stock-based awards under the 2020 Plan that expire or are forfeited, canceled, or repurchased generally are returned to the pool of shares of Class A common stock available for issuance under the 2020 Plan. In addition, the number of shares of the Company's Class A common stock reserved for issuance under the 2020 Plan will automatically increase on January 1 of each calendar year, starting on January 1, 2022 in an amount equal to the least of (i) 32,493,000 shares, (ii) five percent (5%) of the total number of all classes of common stock outstanding on December 31 of the fiscal year before the date of each automatic increase, or (iii) such other number of shares determined by the Company's board of directors prior to the applicable January 1. The exercise price of the options granted under the 2020 Plan will at least be equal to the fair market value of the Company's Class A common stock on the date of grant. The options may be granted for a term of up to ten years (or five years if the option is an incentive stock option granted to a greater than 10% stockholder) and at prices no less than 100% of the fair market value of the shares on the date of grant, provided, however, that the exercise price of an incentive stock option granted to a greater than 10% stockholder shall not be less than 110% of the estimated fair value of the shares on the date of grant. Options granted under the 2020 Plan generally vest over four years. Stock Award Activities A summary of activity under the 2014 Plan and 2020 Plan and related information was as follows (in millions, except share amounts which are reflected in thousands, and per share data): Options Outstanding Shares Weighted- Weighted- Aggregate Balance as of December 31, 2021 19,115 $ 2.60 4.59 $ 2,797 Granted — $ — Exercised (2,687) $ 1.73 $ 316 Forfeited (3) $ 3.28 Balance as of March 31, 2022 16,425 $ 2.74 4.31 $ 1,880 Exercisable as of March 31, 2022 15,563 $ 2.44 4.19 $ 1,786 Vested and expected to vest as of March 31, 2022 16,425 $ 2.74 4.31 $ 1,880 The aggregate intrinsic value disclosed in the above table is based on the difference between the exercise price of the stock option and the closing stock price of the Company's Class A common stock on the NYSE as of the respective period-end dates. The aggregate intrinsic value of stock options exercised during the three months ended March 31, 2021, and 2022 was $888 million and $316 million, respectively. There were no stock options granted during the three months ended March 31, 2021 and 2022. The summary of RSU activity was as follows (in millions, except share amounts which are reflected in thousands, and per share data): Number of Weighted- Aggregate Unvested units as of December 31, 2021 27,518 $ 4,097 Granted 2,361 $ 104.15 Vested (1) $ 115.92 Vested and settled (1,908) $ 79.38 Forfeited (548) $ 106.36 Unvested units as of March 31, 2022 27,422 $ 3,214 The aggregate intrinsic value disclosed in the above table is based on the closing stock price of the Company's Class A common stock on the NYSE as of the respective period-end dates. The weighted-average fair value per share of RSUs granted during the three months ended March 31, 2021 and 2022 was $180.73 and $104.15, respectively. Stock-Based Compensation Expense The Company recorded stock-based compensation expense in the condensed consolidated statements of operations as follows (in millions): Three Months Ended March 31, 2021 2022 Cost of revenue, exclusive of depreciation and amortization $ 9 $ 12 Sales and marketing 10 14 Research and development 35 55 General and administrative 43 48 Total stock-based compensation expense $ 97 $ 129 As of March 31, 2022, there was $4 million of unrecognized stock-based compensation expense related to unvested stock options, which is expected to be recognized over a weighted-average period of 0.48 years. In November 2020, the Company’s board of directors approved the grant of 10,379,000 RSUs to the Company's Chief Executive Officer (the “CEO Performance Award”). The CEO Performance Award vests upon the satisfaction of a service condition and achievement of certain stock price goals. As of March 31, 2022, unrecognized stock-based compensation expense related to the CEO Performance Award was $262 million, which is expected to be recognized over a period of 3.07 years. As of March 31, 2022, there was $1.6 billion of unrecognized stock-based compensation expense related to unvested RSUs, excluding the unrecognized stock-based compensation expense associated with the CEO Performance Award granted in November 2020. The Company expects to recognize this expense over the remaining weighted-average period of 2.62 years. 2020 Employee Stock Purchase Plan In November 2020, the Company's board of directors adopted, and the Company's stockholders approved, the 2020 Employee Stock Purchase Plan (the "ESPP"), which became effective on the business day immediately prior to the effective date of the Company's IPO registration statement. A total of 6,498,600 shares of Class A common stock were initially reserved for sale under the ESPP. The number of shares of Class A common stock available for issuance under the ESPP will be increased on the first day of each fiscal year beginning with the fiscal year following the fiscal year in which the first enrollment date (if any) occurs equal to the least of (i) 6,498,600 shares of Class A common stock, (ii) one and one-half percent (1.5%) of the outstanding shares of all classes of common stock on the last day of the immediately preceding fiscal year, or (iii) an amount determined by the administrator of the ESPP. Subject to any limitations contained therein, the ESPP allows eligible employees to contribute (in the form of payroll deductions or otherwise to the extent permitted by the administrator) an amount established by the administrator from time to time in its discretion to purchase Class A common stock at a discounted price per share.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company’s tax provision for interim periods is determined using an estimate of its annual effective tax rate, adjusted for discrete items, if any, that arise during the period. Each quarter, the Company updates its estimate of the annual effective tax rate and, if the estimated annual effective tax rate changes, the Company makes a cumulative adjustment in such period. The Company recorded $1 million and zero of provision for income taxes for the three months ended March 31, 2021 and 2022, respectively. The provision for income taxes presented were primarily attributable to state franchise taxes and income taxes in foreign jurisdictions. The Company regularly assesses the realizability of its deferred tax assets and establishes a valuation allowance if it is more-likely-than-not that some, or all, of its deferred tax assets will not be realized in the future. The Company evaluates and weighs all available evidence, both positive and negative, including its historic operating results, future reversals of existing deferred tax liabilities, as well as projected future taxable income. The Company will continue to regularly assess the realizability of its deferred tax assets. Changes in earnings performance and future earnings projections, among other factors, may cause the Company to adjust the valuation allowance on deferred tax assets, which could materially impact the income tax expense in the period the Company determines that these factors have changed. As of March 31, 2022, the Company continues to maintain a full valuation allowance on its deferred tax assets except in certain foreign jurisdictions. As of March 31, 2022, the Company had $71 million of unrecognized tax benefits, which, if recognized, the majority of which would result in adjustments to the valuation allowance. The Company is subject to income tax audits in the United States and in foreign jurisdictions. The Company recorded liabilities related to uncertain tax positions and believes that the Company has provided adequate reserves for income tax uncertainties in all open tax years. Due to the Company’s history of tax losses, all years remain open to tax audits.

Net Loss per Share Attributable

Net Loss per Share Attributable to Common Stockholders	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Net Loss per Share Attributable to Common Stockholders	Net Loss per Share Attributable to Common Stockholders The Company computes net loss per share attributable to common stockholders using the two-class method required for multiple classes of common stock and participating securities. The rights, including the liquidation and dividend rights, of the Class A common stock and Class B common stock are identical, other than voting rights. Accordingly, the Class A common stock and Class B common stock share equally in the Company’s net losses. The following table sets forth the calculation of basic and diluted net loss per share attributable to common stockholders during the periods presented. RSUs that vested but have not been settled are included in the denominator in calculating net loss per share for the three months ended March 31, 2022 (in millions, except share amounts which are reflected in thousands, and per share data): Three Months Ended March 31, 2021 2022 Class A Class B Class A Class B Net loss $ (99) $ (11) $ (152) $ (15) Weighted-average number of shares outstanding used to compute net loss per share, basic and diluted 296,498 31,317 318,086 31,133 Net loss per share, basic and diluted $ (0.34) $ (0.34) $ (0.48) $ (0.48) The following outstanding shares of potentially dilutive securities were excluded from the computation of diluted net loss per share because including them would have had an anti-dilutive effect, or issuance of such shares is contingent upon the satisfaction of certain performance or market conditions which were not satisfied at the end of the respective periods (in thousands): As of March 31, 2021 2022 Stock options to purchase common stock 27,812 16,425 Unvested restricted stock units 27,491 27,422 Total 55,303 43,847

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements include the accounts of DoorDash, Inc. and its wholly-owned subsidiaries and have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and the requirements of the U.S. Securities and Exchange Commission (the “SEC”) for interim reporting. All intercompany transactions have been eliminated in consolidation. These unaudited condensed consolidated interim financial statements reflect all normal recurring adjustments that are, in the opinion of management, necessary to fairly present the information set forth herein. They should be read in conjunction with the audited consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021. Interim results are not necessarily indicative of the results for a full year.
Use of Estimates	Use of EstimatesThe preparation of condensed consolidated financial statements in accordance with GAAP requires management to make certain estimates, judgments, and assumptions that affect the reported amounts of assets and liabilities and the related disclosures at the date of the financial statements, as well as the reported amounts of revenue and expenses during the periods presented. Estimates include, but are not limited to, revenue recognition, allowances for credit losses, gift card breakage, estimated useful lives of property and equipment, capitalized software and website development costs, intangible assets, stock-based compensation, valuation of investments and other financial instruments, valuation of acquired intangible assets and goodwill, the incremental borrowing rate applied in lease accounting, insurance reserves, loss contingencies, and income and indirect taxes. Actual results could differ from these estimates.
Contract Liabilities	Contract LiabilitiesThe timing of revenue recognition may differ from the timing of invoicing to or collections from customers. The Company’s contract liabilities balance, which is included in accrued expenses and other current liabilities on the condensed consolidated balance sheets, is primarily comprised of unredeemed gift cards, prepayments received from consumers and merchants, certain consumer credits as well as other transactions for which the revenue is recognized over time.Deferred Contract CostsDeferred contract costs represent direct and incremental costs incurred to acquire or fulfill the Company’s contracts, consisting of sales commissions and costs related to merchant onboarding, which the Company expects to recover. Deferred contract costs are amortized on a straight-line basis over the expected period of benefit, which the Company determined by considering historical attrition rates and other factors. Deferred contract costs are recorded in prepaid expenses and other current assets and other assets on the condensed consolidated balance sheets. Amortization of deferred contract costs related to sales commissions is recognized in sales and marketing expense and amortization of deferred contract costs related to merchant onboarding is recognized in cost of revenue, exclusive of depreciation and amortization in the condensed consolidated statements of operations.
Fair Value	The fair value of the Company’s Level 1 financial instruments is based on quoted market prices for identical instruments in active markets. The fair value of the Company’s Level 2 fixed income securities is obtained from an independent pricing service, which may use quoted market prices for identical or comparable instruments in less active markets or model driven valuations using observable market data or inputs corroborated by observable market data.

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	Revenue by geographic area is determined based on the address of the merchant, or in the case of DashPass, the address of the consumer. Revenue by geographic area was as follows (in millions): Three Months Ended March 31, 2021 2022 United States $ 1,072 $ 1,445 International 5 11 Total revenue $ 1,077 $ 1,456
Contract Liabilities	A summary of activities related to contract liabilities for the three months ended March 31, 2022 was as follows (in millions): Contract Liabilities Beginning balance $ 183 Addition to contract liabilities 407 Reduction of contract liabilities (1)(2) (418) Ending balance $ 172 (1) Gift cards and certain consumer credits can be redeemed through the Marketplace. When they are redeemed, revenue is recognized on a net basis as the difference between the amounts collected from consumers less amounts remitted to merchants and Dashers for those transactions. Therefore, the amount recognized as revenue related to the reduction of gift cards and certain consumer credits is less than the amount presented in the table above. Net revenue associated with gift cards and certain consumer credits is not tracked by the Company as it is impracticable to do so. (2) Included in the beginning balance of contract liabilities was $68 million associated with unearned prepayments received by the Company, of which $42 million was recognized as revenue during the three months ended March 31, 2022.
Deferred Contract Costs	A summary of activities related to deferred contract costs was as follows (in millions): Three Months Ended March 31, 2021 2022 Beginning balance $ 43 $ 62 Capitalization of deferred contract costs 6 13 Amortization of deferred contract costs (5) (6) Ending balance $ 44 $ 69 Deferred contract costs, current $ 17 $ 27 Deferred contract costs, non-current 27 42 Total deferred contract costs $ 44 $ 69
Allowance for Credit Losses	The allowance for credit losses related to accounts receivable and changes were as follows (in millions): Three Months Ended March 31, 2021 2022 Beginning balance $ 13 $ 39 Additions to the provision for expected credit losses 16 2 Writeoffs charged against the allowance (1) (4) Ending balance $ 28 $ 37

Acquisition (Tables)

Acquisition (Tables)	3 Months Ended
	Mar. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following table summarizes the fair values of the assets acquired and liabilities assumed as of the acquisition date (in millions): March 1, 2022 Current assets $ 11 Intangible assets 18 Goodwill 60 Other liabilities (1) Total purchase price $ 88

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets, Net (Tables)	3 Months Ended
	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The changes in the carrying amount of goodwill during the three months ended March 31, 2022 were as follows (in millions): Total Balance as of December 31, 2021 $ 316 Acquisition 60 Balance as of March 31, 2022 $ 376
Schedule of Intangible Assets	Intangible assets, net consisted of the following as of December 31, 2021 (in millions): Weighted-average Gross Carrying Accumulated Net Carrying Existing technology 7.0 $ 71 $ (52) $ 19 Vendor relationships 10.8 45 (8) 37 Courier relationships — 1 (1) — Customer relationships 0.8 9 (6) 3 Trade name and trademarks 0.8 6 (4) 2 Balance as of December 31, 2021 $ 132 $ (71) $ 61 Intangible assets, net consisted of the following as of March 31, 2022 (in millions): Weighted-average Gross Carrying Accumulated Net Carrying Existing technology 5.9 $ 86 $ (53) $ 33 Vendor relationships 10.6 45 (8) 37 Courier relationships — 1 (1) — Customer relationships 2.1 12 (7) 5 Trade name and trademarks 0.6 6 (5) 1 Balance as of March 31, 2022 $ 150 $ (74) $ 76
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	The estimated future amortization expense of intangible assets as of March 31, 2022 was as follows (in millions): Year Ending December 31, Amortization Remainder of 2022 $ 11 2023 10 2024 10 2025 9 2026 9 Thereafter 27 Total estimated future amortization expense $ 76

Fair Value Measures and Disclos

Fair Value Measures and Disclosures (Tables)	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value, Assets Measured on Recurring Basis	The following tables set forth the Company’s cash equivalents and marketable securities that were measured at fair value on a recurring basis by level within the fair value hierarchy (in millions): December 31, 2021 Level 1 Level 2 Level 3 Total Cash equivalents Money market funds $ 544 $ — $ — $ 544 U.S. Treasury securities — 50 — 50 Short-term marketable securities Commercial paper — 373 — 373 Corporate bonds — 141 — 141 U.S. government agency securities — 69 — 69 U.S. Treasury securities — 670 — 670 Long-term marketable securities Corporate bonds — 114 — 114 U.S. government agency securities — 49 — 49 U.S. Treasury securities — 487 — 487 Total $ 544 $ 1,953 $ — $ 2,497 March 31, 2022 Level 1 Level 2 Level 3 Total Cash equivalents Money market funds $ 442 $ — $ — $ 442 U.S. Treasury securities — 49 — 49 Short-term marketable securities Commercial paper — 215 — 215 Corporate bonds — 162 — 162 U.S. government agency securities — 79 — 79 U.S. Treasury securities — 897 897 Long-term marketable securities Corporate bonds — 54 — 54 U.S. government agency securities — 42 — 42 U.S. Treasury securities — 547 — 547 Total $ 442 $ 2,045 $ — $ 2,487

Balance Sheet Components (Table

Balance Sheet Components (Tables)	3 Months Ended
	Mar. 31, 2022
Balance Sheet Related Disclosures [Abstract]
Cash Equivalents and Marketable Securities	The following tables summarize the cost or amortized cost, gross unrealized gain, gross unrealized loss, and fair value of the Company’s cash equivalents and marketable securities (in millions): December 31, 2021 Cost or Unrealized Estimated Gains Losses Cash equivalents Money market funds $ 544 $ — $ — $ 544 U.S. Treasury securities 50 — — 50 Short-term marketable securities Commercial paper 373 — — 373 Corporate bonds 141 — — 141 U.S. government agency securities 69 — — 69 U.S. Treasury securities 671 — (1) 670 Long-term marketable securities Corporate bonds 115 — (1) 114 U.S. government agency securities 49 — — 49 U.S. Treasury securities 489 — (2) 487 Total $ 2,501 $ — $ (4) $ 2,497 March 31, 2022 Cost or Unrealized Estimated Gains Losses Cash equivalents Money market funds $ 442 $ — $ — $ 442 U.S. Treasury securities 49 — — 49 Short-term marketable securities Commercial paper 215 — — 215 Corporate bonds 163 — (1) 162 U.S. government agency securities 79 — — 79 U.S. Treasury securities 900 — (3) 897 Long-term marketable securities Corporate bonds 55 — (1) 54 U.S. government agency securities 43 — (1) 42 U.S. Treasury securities 555 — (8) 547 Total $ 2,501 $ — $ (14) $ 2,487
Schedule of Property and Equipment, net	Property and equipment, net consisted of the following (in millions): December 31, March 31, Equipment for merchants $ 160 $ 172 Capitalized software and website development costs 288 355 Leasehold improvements 98 110 Computer equipment and software 47 53 Office equipment 25 28 Construction in progress 31 38 Total 649 756 Less: Accumulated depreciation and amortization (247) (301) Property and equipment, net $ 402 $ 455
Schedule of Accrued Expenses and Other Current Liabilities	Accrued expenses and other current liabilities consisted of the following (in millions): December 31, March 31, Dasher and merchant payable $ 424 $ 359 Accrued operations related expenses 217 184 Contract liabilities 183 172 Sales tax payable and accrued sales and indirect taxes 167 163 Insurance reserves 143 206 Litigation reserves 107 120 Accrued advertising 102 96 Other 230 226 Total $ 1,573 $ 1,526

Common Stock (Tables)

Common Stock (Tables)	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
Schedule of Activity under the 2014 and 2020 Plans	A summary of activity under the 2014 Plan and 2020 Plan and related information was as follows (in millions, except share amounts which are reflected in thousands, and per share data): Options Outstanding Shares Weighted- Weighted- Aggregate Balance as of December 31, 2021 19,115 $ 2.60 4.59 $ 2,797 Granted — $ — Exercised (2,687) $ 1.73 $ 316 Forfeited (3) $ 3.28 Balance as of March 31, 2022 16,425 $ 2.74 4.31 $ 1,880 Exercisable as of March 31, 2022 15,563 $ 2.44 4.19 $ 1,786 Vested and expected to vest as of March 31, 2022 16,425 $ 2.74 4.31 $ 1,880
Summary of RSU Activity	The summary of RSU activity was as follows (in millions, except share amounts which are reflected in thousands, and per share data): Number of Weighted- Aggregate Unvested units as of December 31, 2021 27,518 $ 4,097 Granted 2,361 $ 104.15 Vested (1) $ 115.92 Vested and settled (1,908) $ 79.38 Forfeited (548) $ 106.36 Unvested units as of March 31, 2022 27,422 $ 3,214
Schedule of Stock-based compensation Expense	The Company recorded stock-based compensation expense in the condensed consolidated statements of operations as follows (in millions): Three Months Ended March 31, 2021 2022 Cost of revenue, exclusive of depreciation and amortization $ 9 $ 12 Sales and marketing 10 14 Research and development 35 55 General and administrative 43 48 Total stock-based compensation expense $ 97 $ 129

Net Loss per Share Attributab_2

Net Loss per Share Attributable to Common StockholdersEarnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table sets forth the calculation of basic and diluted net loss per share attributable to common stockholders during the periods presented. RSUs that vested but have not been settled are included in the denominator in calculating net loss per share for the three months ended March 31, 2022 (in millions, except share amounts which are reflected in thousands, and per share data): Three Months Ended March 31, 2021 2022 Class A Class B Class A Class B Net loss $ (99) $ (11) $ (152) $ (15) Weighted-average number of shares outstanding used to compute net loss per share, basic and diluted 296,498 31,317 318,086 31,133 Net loss per share, basic and diluted $ (0.34) $ (0.34) $ (0.48) $ (0.48)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The following outstanding shares of potentially dilutive securities were excluded from the computation of diluted net loss per share because including them would have had an anti-dilutive effect, or issuance of such shares is contingent upon the satisfaction of certain performance or market conditions which were not satisfied at the end of the respective periods (in thousands): As of March 31, 2021 2022 Stock options to purchase common stock 27,812 16,425 Unvested restricted stock units 27,491 27,422 Total 55,303 43,847

Revenue - Disaggregated Revenue

Revenue - Disaggregated Revenue (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Disaggregation of Revenue [Line Items]
Total revenue	$ 1,456	$ 1,077
United States
Disaggregation of Revenue [Line Items]
Total revenue	1,445	1,072
International
Disaggregation of Revenue [Line Items]
Total revenue	$ 11	$ 5

Revenue - Contract Liabilities

Revenue - Contract Liabilities (Details) $ in Millions	3 Months Ended
	Mar. 31, 2022USD ($)
Contract Liabilities [Roll Forward]
Beginning balance	$ 183
Addition to contract liabilities	407
Reduction of contract liabilities	(418)
Ending balance	172
Unearned prepayments received	68
Revenue recognized	$ 42

Revenue - Rollforward of Deferr

Revenue - Rollforward of Deferred Contract Costs (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Capitalized Contract Cost [Roll Forward]
Beginning balance	$ 62	$ 43
Capitalization of deferred contract costs	13	6
Amortization of deferred contract costs	(6)	(5)
Ending balance	$ 69	$ 44

Revenue - Deferred Contract Cos

Revenue - Deferred Contract Costs (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Revenue from Contract with Customer [Abstract]
Deferred contract costs, current	$ 27		$ 17
Deferred contract costs, non-current	42		27
Total deferred contract costs	$ 69	$ 62	$ 44	$ 43

Revenue - Allowance for Credit

Revenue - Allowance for Credit Losses (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 39	$ 13
Additions to the provision for expected credit losses	2	16
Writeoffs charged against the allowance	(4)	(1)
Ending balance	$ 37	$ 28

Acquisition (Details)

Acquisition (Details) - Bbot $ in Millions	Mar. 01, 2022USD ($)
Business Acquisition [Line Items]
Consideration transferred	$ 88
Consideration recorded in accrued expenses and other current liabilities	$ 9
Existing technology
Business Acquisition [Line Items]
Estimated useful life	5 years
Customer relationships
Business Acquisition [Line Items]
Estimated useful life	3 years

Acquisition - Assets Acquired a

Acquisition - Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Millions	Mar. 31, 2022	Mar. 01, 2022	Dec. 31, 2021
Business Acquisition [Line Items]
Goodwill	$ 376		$ 316
Bbot
Business Acquisition [Line Items]
Current assets		$ 11
Intangible assets		18
Goodwill		60
Other liabilities		(1)
Total purchase price		$ 88

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets, Net - Goodwill (Details) $ in Millions	3 Months Ended
	Mar. 31, 2022USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Balance as of December 31, 2021	$ 316
Acquisition	60
Balance as of March 31, 2022	$ 376

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets, Net - Intangible Assets (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 150		$ 132
Accumulated Amortization	(74)		(71)
Net carrying value / total estimated amortization expense	76		$ 61
Amortization of intangible assets	$ 3	$ 4
Existing technology
Finite-Lived Intangible Assets [Line Items]
Weighted-average Remaining Useful Life (in years)	5 years 10 months 24 days		7 years
Gross Carrying Value	$ 86		$ 71
Accumulated Amortization	(53)		(52)
Net carrying value / total estimated amortization expense	$ 33		$ 19
Vendor relationships
Finite-Lived Intangible Assets [Line Items]
Weighted-average Remaining Useful Life (in years)	10 years 7 months 6 days		10 years 9 months 18 days
Gross Carrying Value	$ 45		$ 45
Accumulated Amortization	(8)		(8)
Net carrying value / total estimated amortization expense	37		37
Courier relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	1		1
Accumulated Amortization	(1)		(1)
Net carrying value / total estimated amortization expense	$ 0		$ 0
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Weighted-average Remaining Useful Life (in years)	2 years 1 month 6 days		9 months 18 days
Gross Carrying Value	$ 12		$ 9
Accumulated Amortization	(7)		(6)
Net carrying value / total estimated amortization expense	$ 5		$ 3
Trade name and trademarks
Finite-Lived Intangible Assets [Line Items]
Weighted-average Remaining Useful Life (in years)	7 months 6 days		9 months 18 days
Gross Carrying Value	$ 6		$ 6
Accumulated Amortization	(5)		(4)
Net carrying value / total estimated amortization expense	$ 1		$ 2

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets, Net - Future Amortization Expense (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2022	$ 11
2023	10
2024	10
2025	9
2026	9
Thereafter	27
Net carrying value / total estimated amortization expense	$ 76	$ 61

Fair Value Measures and Discl_2

Fair Value Measures and Disclosures (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term marketable securities	$ 1,353	$ 1,253
Long-term marketable securities	643	650
Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	442	544
Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term marketable securities	162	141
Long-term marketable securities	54	114
U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	49	50
Short-term marketable securities	897	670
Long-term marketable securities	547	487
Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term marketable securities	215	373
U.S. government agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term marketable securities	79	69
Long-term marketable securities	42	49
Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	2,487	2,497
Fair Value, Recurring | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	442	544
Fair Value, Recurring | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term marketable securities	162	141
Long-term marketable securities	54	114
Fair Value, Recurring | U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	49	50
Short-term marketable securities	897	670
Long-term marketable securities	547	487
Fair Value, Recurring | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term marketable securities	215	373
Fair Value, Recurring | U.S. government agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term marketable securities	79	69
Long-term marketable securities	42	49
Level 1 | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	442	544
Level 1 | Fair Value, Recurring | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	442	544
Level 1 | Fair Value, Recurring | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term marketable securities	0	0
Long-term marketable securities	0	0
Level 1 | Fair Value, Recurring | U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0	0
Short-term marketable securities	0	0
Long-term marketable securities	0	0
Level 1 | Fair Value, Recurring | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term marketable securities	0	0
Level 1 | Fair Value, Recurring | U.S. government agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term marketable securities	0	0
Long-term marketable securities	0	0
Level 2 | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	2,045	1,953
Level 2 | Fair Value, Recurring | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0	0
Level 2 | Fair Value, Recurring | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term marketable securities	162	141
Long-term marketable securities	54	114
Level 2 | Fair Value, Recurring | U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	49	50
Short-term marketable securities	897	670
Long-term marketable securities	547	487
Level 2 | Fair Value, Recurring | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term marketable securities	215	373
Level 2 | Fair Value, Recurring | U.S. government agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term marketable securities	79	69
Long-term marketable securities	42	49
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	0	0
Liabilities	0	0
Level 3 | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	0	0
Level 3 | Fair Value, Recurring | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0	0
Level 3 | Fair Value, Recurring | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term marketable securities	0	0
Long-term marketable securities	0	0
Level 3 | Fair Value, Recurring | U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0	0
Short-term marketable securities		0
Long-term marketable securities	0	0
Level 3 | Fair Value, Recurring | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term marketable securities	0	0
Level 3 | Fair Value, Recurring | U.S. government agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term marketable securities	0	0
Long-term marketable securities	$ 0	$ 0

Balance Sheet Components - Cash

Balance Sheet Components - Cash Equivalents and Marketable Securities (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Cash equivalents
Cash equivalents, cost or amortized cost	$ 2,243,000,000	$ 2,504,000,000	$ 4,007,000,000
Commercial paper
Short-term marketable securities, estimated fair value	1,353,000,000	1,253,000,000
Long-term marketable securities
Long-term marketable securities, estimated fair value	643,000,000	650,000,000
Total	2,501,000,000	2,501,000,000
Total, unrealized gains	0	0
Total, unrealized losses	(14,000,000)	(4,000,000)
Total, estimated fair value	2,487,000,000	2,497,000,000
Allowance for credit losses	0	0
Money market funds
Cash equivalents
Cash equivalents, cost or amortized cost	442,000,000	544,000,000
Cash equivalents, unrealized gain	0	0
Cash equivalents paper, unrealized loss	0	0
Cash equivalents, estimated fair value	442,000,000	544,000,000
U.S. Treasury securities
Cash equivalents
Cash equivalents, cost or amortized cost	49,000,000	50,000,000
Cash equivalents, unrealized gain	0	0
Cash equivalents paper, unrealized loss	0	0
Cash equivalents, estimated fair value	49,000,000	50,000,000
Commercial paper
Short-term marketable securities, cost or amortized cost	900,000,000	671,000,000
Short-term marketable securities, unrealized gains	0	0
Short-term marketable securities, unrealized losses	(3,000,000)	(1,000,000)
Short-term marketable securities, estimated fair value	897,000,000	670,000,000
Long-term marketable securities
Long-term marketable securities, cost or amortized cost	555,000,000	489,000,000
Long-term marketable securities, unrealized gains	0	0
Long-term marketable securities, unrealized losses	(8,000,000)	(2,000,000)
Long-term marketable securities, estimated fair value	547,000,000	487,000,000
Commercial paper
Commercial paper
Short-term marketable securities, cost or amortized cost	215,000,000	373,000,000
Short-term marketable securities, unrealized gains	0	0
Short-term marketable securities, unrealized losses	0	0
Short-term marketable securities, estimated fair value	215,000,000	373,000,000
Corporate bonds
Commercial paper
Short-term marketable securities, cost or amortized cost	163,000,000	141,000,000
Short-term marketable securities, unrealized gains	0	0
Short-term marketable securities, unrealized losses	(1,000,000)	0
Short-term marketable securities, estimated fair value	162,000,000	141,000,000
Long-term marketable securities
Long-term marketable securities, cost or amortized cost	55,000,000	115,000,000
Long-term marketable securities, unrealized gains	0	0
Long-term marketable securities, unrealized losses	(1,000,000)	(1,000,000)
Long-term marketable securities, estimated fair value	54,000,000	114,000,000
U.S. government agency securities
Commercial paper
Short-term marketable securities, cost or amortized cost	79,000,000	69,000,000
Short-term marketable securities, unrealized gains	0	0
Short-term marketable securities, unrealized losses	0	0
Short-term marketable securities, estimated fair value	79,000,000	69,000,000
Long-term marketable securities
Long-term marketable securities, cost or amortized cost	43,000,000	49,000,000
Long-term marketable securities, unrealized gains	0	0
Long-term marketable securities, unrealized losses	(1,000,000)	0
Long-term marketable securities, estimated fair value	$ 42,000,000	$ 49,000,000

Balance Sheet Components - Prop

Balance Sheet Components - Property and Equipment, Net (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Total	$ 756		$ 649
Less: Accumulated depreciation and amortization	(301)		(247)
Property and equipment, net	455		402
Depreciation expense	27	$ 18
Capitalized software and website development costs	67	43
Amortization of capitalized software and website development costs	29	$ 7
Equipment for merchants
Property, Plant and Equipment [Line Items]
Total	172		160
Capitalized software and website development costs
Property, Plant and Equipment [Line Items]
Total	355		288
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total	110		98
Computer equipment and software
Property, Plant and Equipment [Line Items]
Total	53		47
Office equipment
Property, Plant and Equipment [Line Items]
Total	28		25
Construction in progress
Property, Plant and Equipment [Line Items]
Total	$ 38		$ 31

Balance Sheet Components - Accr

Balance Sheet Components - Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Balance Sheet Related Disclosures [Abstract]
Dasher and merchant payable	$ 359	$ 424
Accrued operations related expenses	184	217
Contract liabilities	172	183
Sales tax payable and accrued sales and indirect taxes	163	167
Insurance reserves	206	143
Litigation reserves	120	107
Accrued advertising	96	102
Other	226	230
Total	$ 1,526	$ 1,573

Commitment and Contingencies (D

Commitment and Contingencies (Details) - USD ($) $ in Millions	1 Months Ended
	Jan. 31, 2022	Apr. 30, 2021	Nov. 30, 2019	Mar. 31, 2022	Dec. 31, 2021
Loss Contingencies [Line Items]
Indemnification liability				$ 0	$ 0
Dasher California and Massachusetts Actions
Loss Contingencies [Line Items]
Litigation settlement	$ 100	$ 100	$ 40

Commitment and Contingencies -

Commitment and Contingencies - Credit Agreements (Details) - USD ($)	1 Months Ended	3 Months Ended	12 Months Ended
	Nov. 30, 2019	Mar. 31, 2022	Dec. 31, 2021	Aug. 31, 2020
Line of Credit Facility [Line Items]
Letters of credit outstanding		$ 80,000,000	$ 60,000,000
Unsecured Revolving Credit Facility Maturing November 19, 2024 | Higher of Federal Funds Rate or Composite Overnight Bank Borrowing Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate (percent)	0.50%
Unsecured Revolving Credit Facility Maturing November 19, 2024 | Adjusted One-month LIBOR
Line of Credit Facility [Line Items]
Basis spread on variable rate (percent)	1.00%
Unsecured Revolving Credit Facility Maturing November 19, 2024 | Adjusted LIBOR
Line of Credit Facility [Line Items]
Basis spread on variable rate (percent)	1.00%
Revolving Credit Facility | Unsecured Revolving Credit Facility Maturing November 19, 2024
Line of Credit Facility [Line Items]
Revolving credit facility, maximum borrowing capacity	$ 300,000,000
Unused commitment fee (percent)	0.10%
Revolving Credit Facility | Amended and Restated Revolving Credit and Guaranty Agreement Maturing August 7, 2025
Line of Credit Facility [Line Items]
Revolving credit facility, maximum borrowing capacity				$ 400,000,000
Incremental revolving loan commitments				$ 100,000,000
Drawn from the revolving credit facility		0	0
Letters of credit outstanding		$ 59,000,000	$ 39,000,000

Common Stock - Additional Infor

Common Stock - Additional Information (Details)	Jan. 01, 2022shares	Dec. 08, 2020day	Mar. 31, 2014	Mar. 31, 2022
2014 Stock Option Plan | Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Option grant price as percent of fair value of stock price (not less than)			100.00%
Award vesting period			4 years
2014 Stock Option Plan | Incentive Stock Option Grant to a Greater than 10% Stockholder
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Option grant price as percent of fair value of stock price (not less than)			110.00%
2020 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of business days prior to effective date of registration statement that the 2020 Plan became effective | day		1
2020 Equity Incentive Plan | Class A Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Additional shares authorized (in shares) | shares	32,493,000
Percent of outstanding shares	5.00%
2020 Equity Incentive Plan | Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Option grant price as percent of fair value of stock price (not less than)				100.00%
Award vesting period				4 years
Option term				10 years
2020 Equity Incentive Plan | Incentive Stock Option Grant to a Greater than 10% Stockholder
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Option grant price as percent of fair value of stock price (not less than)				110.00%
Option term				5 years

Common Stock - Options Outstand

Common Stock - Options Outstanding (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Shares subject to options outstanding, beginning balance (in shares)	19,115,000
Options granted (in shares)	0	0
Options exercised (in shares)	(2,687,000)
Options forfeited (in shares)	(3,000)
Shares subject to options outstanding, ending balance (in shares)	16,425,000		19,115,000
Exercisable (in shares)	15,563,000
Vested and expected to vest (in shares)	16,425,000
Weighted Average Exercise Price [Abstract]
Shares subject to options outstanding, weighted-average exercise price (in dollars per share)	$ 2.74		$ 2.60
Options granted (in dollars per share)	0
Options exercised (in dollars per share)	1.73
Options forfeited (in dollars per share)	3.28
Exercisable (in dollars per share)	2.44
Vested and expected to vest (in dollars per share)	$ 2.74
Options outstanding, weighted-average remaining contractual term (in years)	4 years 3 months 21 days		4 years 7 months 2 days
Exercisable, weighted-average remaining contractual term (in years)	4 years 2 months 8 days
Vested and expected to vest, weighted-average remaining contractual term (in years)	4 years 3 months 21 days
Options outstanding, aggregate intrinsic value	$ 1,880		$ 2,797
Options exercised, aggregate intrinsic value	316	$ 888
Exercisable, aggregate intrinsic value	1,786
Vested and expected to vest, aggregate intrinsic value	$ 1,880

Common Stock - Restricted Stock

Common Stock - Restricted Stock unit Activity (Details) - Restricted Stock Units (RSUs) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Number of Shares
Unvested units, beginning balance (in shares)	27,518
Grants (in shares)	2,361
Vested (in shares)	(1)
Vested and settled (in shares)	(1,908)
Restricted stock units forfeited (in shares)	(548)
Unvested units, ending balance (in shares)	27,422
Weighted- Average Grant Date Fair Value Per Share
Grants (in dollars per share)	$ 104.15	$ 180.73
Vested (in dollars per share)	115.92
Vested and settled (in dollars per share)	79.38
Forfeited (in dollars per share)	$ 106.36
Aggregate instrinsic value	$ 3,214		$ 4,097

Common Stock - Stock-based Comp

Common Stock - Stock-based Compensation Expense (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended
	Nov. 30, 2020	Mar. 31, 2022	Mar. 31, 2021
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense		$ 129	$ 97
Stock options to purchase common stock
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Unrecognized stock-based compensation expense related to unvested stock options		$ 4
Unrecognized stock-based compensation expense related to unvested stock options, remaining period for recognition		5 months 23 days
CEO Performance Award | Chief Executive Officer | 2014 Equity Incentive Plan
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Unrecognized stock-based compensation expense related to unvested stock options		$ 262
Unrecognized stock-based compensation expense related to unvested stock options, remaining period for recognition		3 years 25 days
Grants (in shares)	10,379,000
Restricted Stock Units (RSUs)
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Unrecognized stock-based compensation expense related to unvested stock options		$ 1,600
Unrecognized stock-based compensation expense related to unvested stock options, remaining period for recognition		2 years 7 months 13 days
Grants (in shares)		2,361,000
Cost of revenue, exclusive of depreciation and amortization
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense		$ 12	9
Sales and marketing
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense		14	10
Research and development
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense		55	35
General and administrative
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense		$ 48	$ 43

Common Stock - Employee Stock P

Common Stock - Employee Stock Purchase Plan (Details) - Employee Stock Purchase Plan	Jan. 01, 2021shares	Mar. 31, 2022purchasePeriod	Dec. 31, 2021shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of open purchase periods under the ESPP | purchasePeriod		0
2020 Employee Stock Purchase Plan | Class A Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock reserved for sales under the ESPP (in shares)			6,498,600
Additional shares authorized (in shares)	6,498,600
Percent of outstanding shares	1.50%

Income Taxes (Details)

Income Taxes (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Provision for income taxes	$ 0	$ 1,000,000
Unrecognized tax benefits that, if recognized, would result in adjustments to the valuation allowance	$ 71,000,000

Net Loss per Share Attributab_3

Net Loss per Share Attributable to Common Stockholders (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Class of Stock [Line Items]
Net loss	$ (167)	$ (110)
Weighted-average number of shares outstanding used to compute net loss per share attributable to common stockholders, basic (in shares)	349,219	327,815
Weighted-average number of shares outstanding used to compute net loss per share attributable to common stockholders, diluted (in shares)	349,219	327,815
Net loss per share attributable to common stockholders, basic (in $ per share)	$ (0.48)	$ (0.34)
Net loss attributable to common stockholders, diluted (in $ per share)	$ (0.48)	$ (0.34)
Common Stock | Class A Common Stock
Class of Stock [Line Items]
Net loss	$ (152)	$ (99)
Weighted-average number of shares outstanding used to compute net loss per share attributable to common stockholders, basic (in shares)	318,086	296,498
Weighted-average number of shares outstanding used to compute net loss per share attributable to common stockholders, diluted (in shares)	318,086	296,498
Net loss per share attributable to common stockholders, basic (in $ per share)	$ (0.48)	$ (0.34)
Net loss attributable to common stockholders, diluted (in $ per share)	$ (0.48)	$ (0.34)
Common Stock | Class B Common Stock
Class of Stock [Line Items]
Net loss	$ (15)	$ (11)
Weighted-average number of shares outstanding used to compute net loss per share attributable to common stockholders, basic (in shares)	31,133	31,317
Weighted-average number of shares outstanding used to compute net loss per share attributable to common stockholders, diluted (in shares)	31,133	31,317
Net loss per share attributable to common stockholders, basic (in $ per share)	$ (0.48)	$ (0.34)
Net loss attributable to common stockholders, diluted (in $ per share)	$ (0.48)	$ (0.34)

Net Loss per Share Attributab_4

Net Loss per Share Attributable to Common Stockholders - Antidilutive Securities (Details) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potential dilutive securities (shares)	43,847	55,303
Stock options to purchase common stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potential dilutive securities (shares)	16,425	27,812
Unvested restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potential dilutive securities (shares)	27,422	27,491