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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Unrestricted cash and cash equivalents $ 661,452 $ 813,945
Restricted cash 4,000 5,900
Investment securities available-for-sale, at fair value 15,556 0
Settlement assets 523,606 493,395
Accounts receivable, net 61,109 74,437
Prepaid expenses and other assets 57,123 78,155
Total current assets 1,322,846 1,465,832
Investment securities available-for-sale, at fair value 2,268,857 2,363,687
Loans to bank customers, net of allowance for loan losses of $12,641 and $9,078 as of June 30, 2023 and December 31, 2022, respectively 29,966 21,421
Prepaid expenses and other assets 221,175 192,901
Property, equipment, and internal-use software, net 171,589 160,222
Operating lease right-of-use assets 6,685 8,316
Deferred expenses 1,792 14,547
Net deferred tax assets 118,841 117,167
Goodwill and intangible assets 431,154 445,083
Total assets 4,572,905 4,789,176
Current liabilities:    
Accounts payable 106,135 113,891
Deposits 3,234,606 3,450,105
Obligations to customers 236,068 218,239
Settlement obligations 31,368 40,691
Amounts due to card issuing banks for overdrawn accounts 137 328
Other accrued liabilities 91,932 98,580
Operating lease liabilities 3,151 3,167
Deferred revenue 7,990 25,029
Income tax payable 13,957 11,641
Total current liabilities 3,725,344 3,961,671
Other accrued liabilities 2,927 5,777
Operating lease liabilities 3,395 5,247
Line of credit 0 35,000
Total liabilities 3,731,666 4,007,695
Commitments and contingencies (Note 17)
Stockholders’ equity:    
Class A common stock, $0.001 par value; 100,000 shares authorized as of June 30, 2023 and December 31, 2022; 52,341 and 51,674 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively 52 52
Additional paid-in capital 360,812 340,575
Retained earnings 800,172 763,582
Accumulated other comprehensive loss (319,797) (322,728)
Total stockholders’ equity 841,239 781,481
Total liabilities and stockholders’ equity $ 4,572,905 $ 4,789,176