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Cash, Cash Equivalents and Restricted Cash | 9 Months Ended
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Sep. 30, 2022
Cash and Cash Equivalents [Abstract] |
Cash, Cash Equivalents and Restricted Cash | Cash, Cash Equivalents and Restricted Cash Cash and cash equivalents includes bank deposits and money market funds held with financial institutions with an original maturity of three months or less at the date of purchase. Cash and cash equivalents balances include the face value of tickets sold on behalf of creators and their share of service charges, which are to be remitted to the creators. Such balances were $330.6 million and $268.6 million as of September 30, 2022 and December 31, 2021, respectively. Creator cash is legally unrestricted, and while generally the Company has not utilized creator cash for its own financing or investing activities in the past, the Company may invest a portion of creator cash in short-term investments in future periods. These amounts due to creators are included in accounts payable, creators on the consolidated balance sheets. See Note 8, "Accounts Payable, Creators", for more details. The Company has issued letters of credit relating to contracts entered into with other parties under lease agreements and other agreements which have been collateralized with cash. This cash is classified as noncurrent restricted cash on the consolidated balance sheets. The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the consolidated balance sheets that sum to the total of the same amounts shown in the consolidated statements of cash flows (in thousands):
| September 30, 2022 |  | December 31, 2021 |  | September 30, 2021
Cash and cash equivalents | $ | 675,817 |  |  | $ | 634,378 |  |  | $ | 667,868 |
Restricted cash | 1,344 |  |  | 1,781 |  |  | 1,777 |
Total cash, cash equivalents and restricted cash | $ | 677,161 |  |  | $ | 636,159 |  |  | $ | 669,645 |

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- Definition The entire disclosure for cash and cash equivalent footnotes, which may include the types of deposits and money market instruments, applicable carrying amounts, restricted amounts and compensating balance arrangements. Cash and equivalents include: (1) currency on hand (2) demand deposits with banks or financial institutions (3) other kinds of accounts that have the general characteristics of demand deposits (4) short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments maturing within three months from the date of acquisition qualify. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(1)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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