v3.19.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2019
Mar. 31, 2019
Sep. 30, 2018
Mar. 31, 2018
Sep. 30, 2019
Sep. 30, 2018
Dec. 31, 2018
Cash flows from operating activities:              
Net loss $ 29,397 $ (38,151) $ 19,643 $ (23,986) $ (15,494) $ (10,249)  
Adjustments to reconcile net loss to net cash provided by operating activities:              
Depreciation and amortization         56,879 38,323  
Non-cash interest and other expense         25,486 23,554  
Loss on extinguishment of long-term debt         0 1,625  
Share-based compensation         217,980 157,856  
Replacement stock awards issued in connection with acquisition         0 899  
Loss (gain) on revaluation of equity investment (2,500)       16,467 (36,908)  
Amortization of operating lease right-of-use assets and accretion of operating lease liabilities         21,950    
Recovery of common stock in connection with indemnification settlement agreement         (789) (2,745)  
Transaction, loan and advance losses         94,827 63,603  
Change in deferred income taxes         (1,054) (563)  
Changes in operating assets and liabilities:              
Settlements receivable         (215,594) (579,769)  
Customer funds         (202,718) (156,162)  
Purchase of loans held for sale         (1,596,394) (1,139,142)  
Sales and principal payments of loans held for sale         1,547,158 1,130,378  
Customers payable         519,123 581,530  
Settlements payable         27,460 88,486  
Charge-offs to accrued transaction losses         (56,486) (40,354)  
Other assets and liabilities         (34,218) (1,702)  
Net cash provided by operating activities         404,583 118,660  
Cash flows from investing activities:              
Purchase of marketable debt securities         (758,969) (859,060)  
Proceeds from maturities of marketable debt securities         325,682 128,603  
Proceeds from sale of marketable debt securities         327,247 106,358  
Purchase of marketable debt securities from customer funds         (237,640) 0  
Proceeds from maturities of marketable debt securities from customer funds         115,200 0  
Purchase of property and equipment         (45,826) (37,173)  
Payments for other investments         (2,000) 0  
Purchase of intangible assets         0 (1,584)  
Business combinations, net of cash acquired         (20,372) (112,399)  
Net cash used in investing activities         (296,678) (775,255)  
Cash flows from financing activities:              
Proceeds from issuance of convertible senior notes, net         0 855,663  
Purchase of convertible senior note hedges         0 (172,586)  
Proceeds from issuance of warrants         0 112,125  
Principal payment on conversion of senior notes         0 (70,047)  
Payments for tax withholding related to vesting of restricted stock units         (164,044) (125,899)  
Proceeds from the exercise of stock options, net         81,781 94,780  
Other financing activities         (3,946) (3,298)  
Net cash provided by (used in) financing activities         (86,209) 690,738  
Effect of foreign exchange rate on cash and cash equivalents         (673) (4,154)  
Net increase in cash, cash equivalents and restricted cash         21,023 29,989  
Cash, cash equivalents and restricted cash, beginning of period   $ 632,847   $ 735,081 632,847 735,081 $ 735,081
Cash, cash equivalents and restricted cash, end of period $ 653,870   $ 765,070   $ 653,870 $ 765,070 $ 632,847