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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating activities    
Net income (loss) $ (180,145,000) $ 90,020,000
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization of property, equipment and software 42,172,000 46,879,000
Amortization of acquired intangible assets 6,397,000 6,728,000
Impairment of goodwill 35,424,000 0
Impairment of long-lived assets 8,811,000 0
Restructuring-related impairment 2,949,000 7,651,000
Stock-based compensation 24,194,000 25,121,000
Changes in fair value of investments 0 (95,533,000)
Foreign currency translation adjustments reclassified into earnings 0 (32,268,000)
Change in assets and liabilities:    
Accounts receivable (9,321,000) 7,985,000
Prepaid expenses and other current assets (4,086,000) (11,155,000)
Right-of-use assets - operating leases 22,896,000 16,016,000
Accounts payable 13,222,000 3,996,000
Accrued merchant and supplier payables (80,436,000) (175,079,000)
Accrued expenses and other current liabilities (40,331,000) (43,654,000)
Operating lease obligations (36,671,000) (24,614,000)
Other, net 43,075,000 22,961,000
Net cash provided by (used in) operating activities (151,850,000) (154,946,000)
Investing activities    
Purchases of property and equipment and capitalized software (30,495,000) (37,865,000)
Proceeds from sale or divestment of investment 0 6,859,000
Acquisitions of intangible assets and other investing activities (2,077,000) (2,491,000)
Net cash provided by (used in) investing activities (32,572,000) (33,497,000)
Financing activities    
Proceeds from borrowings under revolving credit agreement 50,000,000 0
Payments of borrowings under revolving credit agreement (40,000,000) (100,000,000)
Proceeds from issuance of 2026 convertible notes 0 230,000,000
Issuance costs for 2026 convertible notes and revolving credit agreement 0 (7,747,000)
Purchase of capped call transactions 0 (27,416,000)
Payments for the repurchase of Atairos convertible notes 0 (254,000,000)
Proceeds from the settlement of convertible note hedges 0 2,315,000
Payments for the settlement of warrants 0 (1,345,000)
Taxes paid related to net share settlements of stock-based compensation awards (5,601,000) (17,591,000)
Payments of finance lease obligations (653,000) (4,887,000)
Other financing activities (1,238,000) 203,000
Net cash provided by (used in) financing activities 2,508,000 (180,468,000)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (9,240,000) (4,894,000)
Net increase (decrease) in cash, cash equivalents and restricted cash (191,154,000) (373,805,000)
Cash, cash equivalents and restricted cash, beginning of period [1] 499,483,000 851,085,000
Cash, cash equivalents and restricted cash, end of period [1] 308,329,000 477,280,000
Supplemental disclosure of cash flow information:    
Cash paid for interest 4,361,000 13,166,000
Income tax payments 4,483,000 9,406,000
Supplemental cash flow information on our leasing obligations:    
Operating cash flows from operating leases 22,640,000 24,614,000
Right-of-use assets obtained in exchange for operating leases liabilities $ 2,669,000 $ 0
[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 September 30, 2022, December 31, 2021, September 30, 2021 and December 31, 2020 (in thousands):
September 30, 2022December 31, 2021September 30, 2021December 31, 2020
Cash and cash equivalents$307,998 $498,726 $476,782 $850,587 
Restricted cash included in prepaid expenses and other current assets331 757 498 498 
Cash, cash equivalents and restricted cash$308,329 $499,483 $477,280 $851,085