v3.19.3
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 612,048 $ 583,173
Short-term investments 557,656 540,991
Restricted cash 27,389 33,838
Settlements receivable 564,492 364,946
Customer funds 660,599 334,017
Loans held for sale 120,776 89,974
Other current assets 215,806 164,966
Total current assets 2,758,766 2,111,905
Property and equipment, net 134,034 142,402
Goodwill 265,974 261,705
Acquired intangible assets, net 72,793 77,102
Long-term investments 564,508 464,680
Restricted cash 14,433 15,836
Built-to-suit lease asset 0 149,000
Operating lease right-of-use assets 108,670  
Other non-current assets 81,326 58,393
Total assets 4,000,504 3,281,023
Current liabilities:    
Customers payable 1,268,034 749,215
Settlements payable 81,597 54,137
Accrued transaction losses 37,419 33,682
Accrued expenses 124,005 82,354
Operating lease liabilities, current 25,779 0
Other current liabilities 108,067 99,153
Total current liabilities 1,644,901 1,018,541
Long-term debt, net of current portion (Note 13) 928,869 899,695
Built-to-suit lease liability 0 149,000
Operating lease liabilities, non-current 106,457  
Other non-current liabilities 70,483 93,286
Total liabilities 2,750,710 2,160,522
Commitments and contingencies (Note 19)
Stockholders’ equity:    
Preferred stock, $0.0000001 par value: 100,000,000 shares authorized at September 30, 2019 and December 31, 2018. None issued and outstanding at September 30, 2019 and December 31, 2018. 0 0
Additional paid-in capital 2,153,449 2,012,328
Accumulated other comprehensive loss (2,387) (6,053)
Accumulated deficit (901,268) (885,774)
Total stockholders’ equity 1,249,794 1,120,501
Total liabilities and stockholders’ equity 4,000,504 3,281,023
Class A    
Stockholders’ equity:    
Common stock 0 0
Class B    
Stockholders’ equity:    
Common stock $ 0 $ 0