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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net income (loss) $ 239,810 $ (80,854)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 95,707 61,741
Non-cash interest and other 20,368 52,384
Loss on extinguishment of long-term debt 0 2,393
Share-based compensation 429,999 284,129
Gain on revaluation of equity investment (41,007) (20,999)
Bitcoin impairment losses 71,126 0
Non-cash lease expense 61,978 50,782
Transaction and loan losses 130,874 161,684
Change in deferred income taxes (5,224) (3,375)
Changes in operating assets and liabilities:    
Settlements receivable (337,893) (340,010)
Customer funds (591,982) (885,259)
Purchases and originations of loans (2,285,306) (1,620,057)
Sales, principal payments, and forgiveness of loans 1,952,142 1,226,994
Customers payable 846,906 1,445,608
Settlements payable 10,440 54,871
Other assets and liabilities 74,838 (129,155)
Net cash provided by operating activities 672,776 260,877
Cash flows from investing activities:    
Purchase of marketable debt securities (2,343,446) (966,278)
Proceeds from maturities of marketable debt securities 609,377 404,931
Proceeds from sale of marketable debt securities 558,724 432,162
Purchase of marketable debt securities from customer funds (488,851) (552,411)
Proceeds from maturities of marketable debt securities from customer funds 456,481 237,000
Proceeds from sale of marketable debt securities from customer funds 10,000 28,457
Purchase of property and equipment (98,028) (86,353)
Purchase of bitcoin investments (170,000) 0
Purchase of other investments (47,550) 0
Proceeds from sale of equity investments 420,644 0
Business combinations, net of cash acquired (163,970) (29,221)
Net cash used in investing activities (1,256,619) (531,713)
Cash flows from financing activities:    
Proceeds from issuance of convertible senior notes, net 0 986,241
Purchase of convertible senior note hedges 0 (149,200)
Proceeds from issuance of warrants 0 99,500
Proceeds from issuance of senior unsecured notes, net 1,971,828 0
Proceeds from PPP Liquidity Facility advances 681,542 473,496
Repayments of PPP Liquidity Facility advances (419,978) 0
Payments for tax withholding related to vesting of restricted stock units (312,406) (182,607)
Proceeds from the exercise of stock options and purchases under the employee stock purchase plan 84,866 106,600
Other financing activities (7,112) (2,606)
Net cash provided by financing activities 1,998,740 1,331,424
Effect of foreign exchange rate on cash and cash equivalents (14,311) 772
Net increase in cash, cash equivalents, and restricted cash 1,400,586 1,061,360
Cash, cash equivalents, and restricted cash, beginning of period 3,201,863 1,098,706
Cash, cash equivalents, and restricted cash, end of period $ 4,602,449 $ 2,160,066