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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the consideration paid for ironSource and the estimated fair values of the assets acquired at the acquisition date (in thousands):
Consideration: |
Common stock issued | $ | 2,788,924 |
Assumed equity awards | 126,700 |
Fair value of total consideration transferred | $ | 2,915,624 |
Recognized amounts of identifiable assets acquired and liabilities assumed: |
Cash and cash equivalents | $ | 138,216 |
Accounts receivable | 292,670 |
Prepaid expenses and other | 44,457 |
Property, plant, and equipment | 7,063 |
Intangible assets, net | 1,270,000 |
Short term investments | 103,831 |
Other assets | 66,951 |
Accounts payable | (25,681) |
Accrued expenses and other | (99,419) |
Publisher payables | (258,227) |
Deferred revenue | (1,325) |
Other long-term liabilities | (165,996) |
Total identifiable net assets assumed | 1,372,540 |
Goodwill (1) | 1,543,084 |
Total | $ | 2,915,624 |
(1) Goodwill reflects the expected future benefits of certain synergies and acquired assembled workforce, which does not qualify for separate recognition as an identifiable intangible asset. The goodwill balance is not subject to amortization and is not deductible for U.S. income tax purposes.
Summary of Unaudited Pro Forma Financial Information | Consequently, actual results will differ from the unaudited pro forma financial information presented below (in thousands):
| Year Ended December 31,
| 2022 |  | 2021
Unaudited pro forma financial information |  |  |
Pro forma revenue | $ | 2,016,557 |  |  | $ | 1,660,432 |
Pro forma net loss | $ | (983,563) |  |  | $ | (804,318) |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
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