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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 132,798 $ 133,400
Accounts receivable, net 470,452 377,240
Prepaid expenses and other current assets 12,712 5,763
TOTAL CURRENT ASSETS 615,962 516,403
Property and equipment, net 17,396 14,779
Deferred taxes, net 1,778 1,778
Other assets, non-current 7,495 4,636
TOTAL ASSETS 642,631 537,596
Current liabilities:    
Accounts payable 370,532 321,163
Accrued expenses and other current liabilities 25,405 22,973
TOTAL CURRENT LIABILITIES 395,937 344,136
Debt, net 27,000 25,847
Other liabilities, non-current 4,435 3,233
TOTAL LIABILITIES 427,372 373,216
Commitments and contingencies (Note 10)
STOCKHOLDERS’ EQUITY    
Preferred stock, par value $0.000001; 100,000 shares authorized, zero shares issued and outstanding as of September 30, 2017 and December 31, 2016
Common stock, par value $0.000001; 1,000,000 Class A shares authorized as of September 30, 2017 and December 31, 2016; 29,472 and 10,071 shares issued and outstanding as of September 30, 2017 and December 31, 2016, respectively; 95,000 Class B shares authorized as of September 30, 2017 and December 31, 2016; 11,552 and 29,060 shares issued and outstanding as of September 30, 2017 and December 31, 2016, respectively 0 0
Additional paid-in capital 196,090 179,198
Retained earnings (accumulated deficit) 19,169 (14,818)
TOTAL STOCKHOLDERS’ EQUITY 215,259 164,380
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 642,631 $ 537,596