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OTHER CONSOLIDATED BALANCE SHEET COMPONENTS (CURRENT) (Tables) | 3 Months Ended
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Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Other Current Assets | The following table presents the detail of other current assets (in thousands):
| March 31, 2025 |  | December 31, 2024
Restricted cash (i) | $ | 681,774 |  |  | $ | 902,478 |
Processing costs receivable | 436,777 |  |  | 478,767 |
Loans held for investment, net of allowance for credit losses (ii) | 402,561 |  |  | 365,062 |
Investments in short-term debt securities | 354,841 |  |  | 403,426 |
Prepaid expenses | 277,289 |  |  | 129,343 |
Accounts receivable, net | 166,891 |  |  | 148,898 |
Inventory, net | 108,840 |  |  | 104,990 |
Short-term deposits | 72,259 |  |  | 87,968 |
Other | 380,199 |  |  | 324,198 |
Total | $ | 2,881,431 |  |  | $ | 2,945,130 |
(i) Includes a portion invested in money market funds. Refer to Note 5, Fair Value Measurements for further details. (ii) Refer to Note 7, Customer Loans for further details.
Accrued Expenses and Other Current Liabilities | The following table presents the detail of accrued expenses and other current liabilities (in thousands):
| March 31, 2025 |  | December 31, 2024
Accrued expenses | $ | 747,281 |  |  | $ | 725,339 |
Customer deposits | 276,347 |  |  | 241,884 |
Accounts payable | 89,021 |  |  | 117,963 |
Accrued royalties | 61,446 |  |  | 57,605 |
Accrued transaction losses (i) | 57,137 |  |  | 58,580 |
Operating lease liabilities, current | 52,017 |  |  | 52,880 |
Other | 300,713 |  |  | 270,898 |
Total | $ | 1,583,962 |  |  | $ | 1,525,149 |
(i) The Company is exposed to potential credit losses related to transactions processed by sellers that are subsequently subject to chargebacks when the Company is unable to collect from the sellers primarily due to insolvency. Generally, the Company estimates the potential loss rates based on historical experience that is continuously adjusted for new information and incorporates, where applicable, reasonable and supportable forecasts about future expectations.
Reserve for Transaction Losses | The following table summarizes the activities of the Company’s reserve for transaction losses (in thousands):
| Three Months Ended March 31, |  |
| 2025 |  | 2024 |  |  |  |
Accrued transaction losses, beginning of the period | $ | 58,580 |  |  | $ | 54,042 |  |  |  |  |
Provision for transaction losses | 29,408 |  |  | 30,819 |  |  |  |  |
Charge-offs to accrued transaction losses | (30,851) |  |  | (24,845) |  |  |  |  |
Accrued transaction losses, end of the period | $ | 57,137 |  |  | $ | 60,016 |  |  |  |  |

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