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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Unrestricted cash and cash equivalents $ 722,003 $ 813,945
Restricted cash 4,006 5,900
Investment securities available-for-sale, at fair value 15,660 0
Settlement assets 482,976 493,395
Accounts receivable, net 57,234 74,437
Prepaid expenses and other assets 63,878 78,155
Total current assets 1,345,757 1,465,832
Investment securities available-for-sale, at fair value 2,353,672 2,363,687
Loans to bank customers, net of allowance for loan losses of $13,254 and $9,078 as of March 31, 2023 and December 31, 2022, respectively 31,705 21,421
Prepaid expenses and other assets 224,198 192,901
Property, equipment, and internal-use software, net 166,038 160,222
Operating lease right-of-use assets 7,685 8,316
Deferred expenses 7,339 14,547
Net deferred tax assets 111,009 117,167
Goodwill and intangible assets 438,854 445,083
Total assets 4,686,257 4,789,176
Current liabilities:    
Accounts payable 112,121 113,891
Deposits 3,344,903 3,450,105
Obligations to customers 200,102 218,239
Settlement obligations 28,545 40,691
Amounts due to card issuing banks for overdrawn accounts 334 328
Other accrued liabilities 89,916 98,580
Operating lease liabilities 3,207 3,167
Deferred revenue 15,298 25,029
Income tax payable 21,219 11,641
Total current liabilities 3,815,645 3,961,671
Other accrued liabilities 5,548 5,777
Operating lease liabilities 4,464 5,247
Line of credit 0 35,000
Total liabilities 3,825,657 4,007,695
Commitments and contingencies (Note 17)
Stockholders’ equity:    
Class A common stock, $0.001 par value; 100,000 shares authorized as of March 31, 2023 and December 31, 2022; 51,994 and 51,674 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively 52 52
Additional paid-in capital 347,385 340,575
Retained earnings 799,594 763,582
Accumulated other comprehensive loss (286,431) (322,728)
Total stockholders’ equity 860,600 781,481
Total liabilities and stockholders’ equity $ 4,686,257 $ 4,789,176