v3.20.2
Balance Sheet Components
 9 Months Ended
Sep. 30, 2020
Balance Sheet Related Disclosures [Abstract]  
 Balance Sheet Components
5. Balance Sheet Components
Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets consisted of the following (in thousands):
 
   
                              
   
                              
 
 
  
As of September 30,
2020
  
As of December 31,
2019
Equity related withholding tax and exercise proceeds receivable
  
$
339,409

  
$
—  
 
Other prepaid expenses and current assets
  
 
48,756

  
 
32,585
 
 
  
 
 
 
  
 
 
 
Total prepaid expenses and other current assets
  
$
            388,165

  
$
           32,585
 
 
  
 
 
 
  
 
 
 
 
Property and Equipment, Net
Property and equipment, net consisted of the following (in thousands):
 
   
                                 
   
                                 
 
 
  
As of September 30,
2020
 
As of December 31,
2019
Leasehold improvements
  
$
88,198
 
 
$
93,530
 
Computer equipment, software, and other
  
 
18,722
 
 
 
32,757
 
Furniture and fixtures
  
 
9,596
 
 
 
10,753
 
Construction in progress
  
 
5,817
 
 
 
3,161
 
 
  
 
 
 
 
 
 
 
Total property and equipment, gross
  
 
122,333
 
 
 
140,201
 
Less: accumulated depreciation and amortization
  
 
(92,964
) 
 
 
(108,612
) 
 
  
 
 
 
 
 
 
 
Total property and equipment, net
  
$
             29,369
 
 
$
            31,589
 
 
  
 
 
 
 
 
 
 
Depreciation and amortization expense related to property and equipment, net was $2.5 million and $3.1 million for the three months ended September 30, 2020 and 2019, respectively, and $9.3 million and $9.5 million for the nine months ended September 30, 2020 and 2019, respectively.
Accrued Liabilities
Accrued liabilities consisted of the following (in thousands):
 
   
                                 
   
                                 
 
 
  
As of September 30,
2020
  
As of December 31,
2019
Accrued payroll and related expenses
(1)
  
$
342,191

  
$
31,355
 
Accrued other liabilities
  
 
124,808

  
 
95,265
 
 
  
 
 
 
  
 
 
 
Total accrued liabilities
  
$
             466,999

  
$
            126,620
 
 
  
 
 
 
  
 
 
 
 
  
  

   
(1)   Includes $302.9 million owed by the Company for equity related employee withholding taxes related to the Direct Listing.