XML 15 R2.htm IDEA: XBRL DOCUMENT v3.23.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 1,087,668 $ 1,309,172
Cash reserved for users 436,935 469,653
Receivables reserved for users 124,536 160,083
Accounts receivable 41,423 51,097
Prepaid expenses and other current assets 115,194 94,836
Total current assets 1,805,756 2,084,841
Noncurrent Assets:    
Property and equipment, net 62,273 60,102
Intangible assets, net 754,509 776,934
Goodwill 886,373 886,373
Operating lease right-of-use assets 60,804 65,957
Equity method investment 9,961 10,080
Deposits and other non-current assets 159,598 155,865
Total assets 3,739,274 4,040,152
Current liabilities:    
Accounts payable and accrued expenses 508,725 517,587
Liabilities to users 670,456 686,173
Operating lease liabilities, current portion 3,975 4,253
Other current liabilities 48,733 38,444
Total current liabilities 1,231,889 1,246,457
Noncurrent liabilities:    
Convertible notes, net of issuance costs 1,251,758 1,251,103
Non-current operating lease liabilities 66,466 69,332
Warrant liabilities 27,715 10,680
Long-term income tax liability 69,238 69,858
Other long-term liabilities 74,428 70,029
Total liabilities 2,721,494 2,717,459
Commitments and contingent liabilities (Note 12)
Stockholders' equity:    
Treasury stock, at cost; 10,089 and 8,690 shares as of March 31, 2023 and December 31, 2022, respectively (359,491) (332,133)
Additional paid-in capital 6,869,647 6,750,055
Accumulated deficit (5,528,949) (5,131,801)
Accumulated other comprehensive income 36,488 36,488
Total stockholders’ equity 1,017,780 1,322,693
Total liabilities and stockholders’ equity 3,739,274 4,040,152
Class A Common Stock    
Stockholders' equity:    
Common stock 46 45
Class B Common Stock    
Stockholders' equity:    
Common stock $ 39 $ 39