v3.23.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 1,113,715 $ 1,309,172
Cash reserved for users 381,097 469,653
Receivables reserved for users 109,153 160,083
Accounts receivable 32,401 51,097
Prepaid expenses and other current assets 82,655 94,836
Total current assets 1,719,021 2,084,841
Noncurrent Assets:    
Property and equipment, net 59,934 60,102
Intangible assets, net 734,633 776,934
Goodwill 886,373 886,373
Operating lease right-of-use assets 58,349 65,957
Equity method investment 9,638 10,080
Deposits and other non-current assets 138,316 155,865
Total assets 3,606,264 4,040,152
Current liabilities:    
Accounts payable and accrued expenses 436,265 517,587
Liabilities to users 600,146 686,173
Operating lease liabilities, current portion 3,305 4,253
Other current liabilities 37,520 38,444
Total current liabilities 1,077,236 1,246,457
Noncurrent liabilities:    
Convertible notes, net of issuance costs 1,252,420 1,251,103
Non-current operating lease liabilities 64,418 69,332
Warrant liabilities 46,286 10,680
Long-term income tax liability 69,283 69,858
Other long-term liabilities 78,130 70,029
Total liabilities 2,587,773 2,717,459
Commitments and contingent liabilities (Note 12)
Stockholders' equity:    
Treasury stock, at cost; 10,676 and 8,690 shares as of June 30, 2023 and December 31, 2022, respectively (373,317) (332,133)
Additional paid-in capital 6,961,454 6,750,055
Accumulated deficit (5,606,219) (5,131,801)
Accumulated other comprehensive income 36,488 36,488
Total stockholders’ equity 1,018,491 1,322,693
Total liabilities and stockholders’ equity 3,606,264 4,040,152
Class A Common Stock    
Stockholders' equity:    
Common stock 46 45
Class B Common Stock    
Stockholders' equity:    
Common stock $ 39 $ 39