XML 66 R23.htm IDEA: XBRL DOCUMENT v3.19.3

SEGMENTS (Tables)

9 Months Ended

Sep. 30, 2019

Segment Reporting [Abstract]

Schedule of segment reporting information

The following table provides information regarding our reportable segments (in thousands):

	Three Months Ended September 30,								Nine Months Ended September 30,
	2018				2019				2018				2019
Cardlytics Direct:
Adjusted contribution	$	16,906			$	24,738			$	47,368			$	64,216
Plus: Adjusted FI Share and other third-party costs(1)	17,514				31,681				54,271				76,921
Revenue	$	34,420			$	56,419			$	101,639			$	141,137
Other Platform Solutions:
Adjusted contribution	$	72			$	—			$	3			$	—
Plus: Adjusted FI Share and other third-party costs(1)	90				—				1,223				—
Revenue	$	162			$	—			$	1,226			$	—
Total:
Adjusted contribution	$	16,978			$	24,738			$	47,371			$	64,216
Plus: Adjusted FI Share and other third-party costs(1)	17,604				31,681				55,494				76,921
Revenue	$	34,582			$	56,419			$	102,865			$	141,137

(1)

Adjusted FI Share and other third-party costs presented above represents GAAP FI Share and other third-party data costs less a non-cash equity expense included in FI Share and amortization of deferred FI implementation costs, which are detailed below in our reconciliation of GAAP loss before income taxes to adjusted contribution.

The following table presents a reconciliation of loss before income taxes presented in accordance with GAAP to adjusted contribution (in thousands):

	Three Months Ended September 30,								Nine Months Ended September 30,
	2018				2019				2018				2019
Adjusted contribution	$	16,978			$	24,738			$	47,371			$	64,216
Minus:
Non-cash equity expense included in FI Share(1)	—				—				2,519				—
Amortization of deferred FI implementation costs(1)	378				789				1,136				2,173
Delivery costs	3,007				3,070				7,509				9,686
Sales and marketing expense	9,452				11,074				27,915				31,458
Research and development expense	4,097				3,018				12,444				8,741
General and administration expense	7,925				12,218				23,486				27,558
Depreciation and amortization expense	777				1,167				2,471				3,181
Total other expense (income)	(290		)		1,149				11,367				1,990
Loss before income taxes	$	(8,368	)		$	(7,747	)		$	(41,476	)		$	(20,571	)

(1)

Non-cash equity expense included in FI Share and amortization of deferred FI implementation costs are excluded from adjusted FI Share and other third party costs, which is shown above in our reconciliation of GAAP revenue to adjusted contribution.

Schedule of revenue by geographic areas

The following table provides geographical information (in thousands):

	Three Months Ended September 30,								Nine Months Ended September 30,
	2018				2019				2018				2019
Revenue:
United States	$	30,884			$	50,997			$	90,606			$	125,468
United Kingdom	3,698				5,422				12,259				15,669
Total	$	34,582			$	56,419			$	102,865			$	141,137

	December 31, 2018				September 30, 2019
Property and equipment:
United States	$	9,794			$	11,583
United Kingdom	436				384
India	$	—			$	158
Total	$	10,230			$	12,125

X

- Definition

Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph a
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e9038-108599

+ Details

Name:	us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration