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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating activities    
Net income (loss) $ 14,448 $ (210,478)
Less: Income (loss) from discontinued operations, net of tax 0 382
Income (loss) from continuing operations 14,448 (210,860)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization of property, equipment and software 14,727 23,385
Amortization of acquired intangible assets 2,292 2,524
Impairment of goodwill 0 109,486
Impairment of long-lived assets 0 22,351
Stock-based compensation 7,179 14,015
Impairment and other changes in fair value of investments 0 8,089
Amortization of debt discount on convertible senior notes 303 3,516
Foreign currency translation adjustments reclassified into earnings (32,228) 0
Change in assets and liabilities, net of acquisitions and dispositions:    
Accounts receivable (2,812) 8,334
Prepaid expenses and other current assets (1,640) 13,222
Right-of-use assets - operating leases 5,122 7,009
Accounts payable 5,896 5,860
Accrued merchant and supplier payables (76,884) (223,098)
Accrued expenses and other current liabilities 9,823 (11,970)
Operating lease obligations (6,007) (10,130)
Other, net 13,376 1,859
Net cash provided by (used in) operating activities from continuing operations (46,405) (236,408)
Net cash provided by (used in) operating activities from discontinued operations 0 0
Net cash provided by (used in) operating activities (46,405) (236,408)
Investing activities    
Purchases of property and equipment and capitalized software (12,040) (10,596)
Proceeds from sale of investment 0 31,605
Acquisitions of intangible assets and other investing activities (704) (1,445)
Net cash provided by (used in) investing activities from continuing operations (12,744) 19,564
Net cash provided by (used in) investing activities from discontinued operations 0 0
Net cash provided by (used in) investing activities (12,744) 19,564
Financing activities    
Proceeds from issuance of 2026 convertible notes 200,000 0
Proceeds from (payments of) borrowings under revolving credit agreement (100,000) 150,000
Purchase of capped call transactions (23,840) 0
Issuance costs for 2026 convertible notes and revolving credit agreement (6,572) 0
Taxes paid related to net share settlements of stock-based compensation awards (4,901) (3,299)
Payments of finance lease obligations (2,061) (2,707)
Other financing activities (8) (2,682)
Net cash provided by (used in) financing activities 62,618 141,312
Effect of exchange rate changes on cash, cash equivalents and restricted cash, including cash classified within current assets of discontinued operations (7,466) (9,174)
Net increase (decrease) in cash, cash equivalents and restricted cash, including cash classified within current assets of discontinued operations (3,997) (84,706)
Less: Net increase (decrease) in cash classified within current assets of discontinued operations 0 0
Net increase (decrease) in cash, cash equivalents and restricted cash (3,997) (84,706)
Cash, cash equivalents and restricted cash, beginning of period [1] 851,085 752,657
Cash, cash equivalents and restricted cash, end of period [1] 847,088 667,951
Non-cash investing and financing activities    
Right-of-use assets obtained in exchange for operating leases liabilities $ 0 $ 2,867
[1] The following table provides a reconciliation of cash, cash equivalents and restricted cash shown above to amounts reported within the condensed consolidated balance sheets as of March 31, 2021, December 31, 2020, March 31, 2020 and December 31, 2019 (in thousands):
March 31, 2021December 31, 2020March 31, 2020December 31, 2019
Cash and cash equivalents$676,799 $850,587 $666,867 $750,887 
Restricted cash included in prepaid expenses and other current assets504 498 878 1,534 
Restricted cash - non-current169,785 — — — 
Restricted cash included in other non-current assets— — 206 236 
Cash, cash equivalents and restricted cash$847,088 $851,085 $667,951 $752,657