Balance Sheet Components (Tables)
|
9 Months Ended |
Sep. 30, 2020 |
|---|
| Balance Sheet Related Disclosures [Abstract] |
|
| Schedule of Accounts Receivable, Net of Allowances |
Accounts receivable, net of allowances, consisted of the following (in thousands):
|
|
|
As of |
|
|
|
|
September 30,
2020 |
|
|
December 31,
2019 |
|
|
Gross accounts receivable |
|
$ |
408,420 |
|
|
$ |
360,194 |
|
|
Allowance for sales returns |
|
|
(4,323 |
) |
|
|
(6,550 |
) |
|
Allowance for sales incentives |
|
|
(8,066 |
) |
|
|
(19,476 |
) |
|
Allowance for doubtful accounts |
|
|
(4,524 |
) |
|
|
(1,140 |
) |
|
Other allowances |
|
|
(230 |
) |
|
|
(355 |
) |
|
Total allowances |
|
|
(17,143 |
) |
|
|
(27,521 |
) |
|
Total Accounts Receivable—net of allowances |
|
$ |
391,277 |
|
|
$ |
332,673 |
|
|
| Schedule of Allowance for Sales Returns |
Allowance for sales returns consisted of the following activities (in thousands):
|
|
|
Three Months Ended |
|
|
Nine Months Ended |
|
|
|
|
September 30, 2020 |
|
|
September 30, 2020 |
|
|
Balance, beginning of period |
|
$ |
(5,412 |
) |
|
$ |
(6,550 |
) |
|
Charged to revenue |
|
|
(2,313 |
) |
|
|
(8,998 |
) |
|
Utilization of sales return allowance |
|
|
3,402 |
|
|
|
11,225 |
|
|
Balance, end of period |
|
$ |
(4,323 |
) |
|
$ |
(4,323 |
) |
|
| Schedule of Allowance for Sales Incentives |
Allowance for sales incentives consisted of the following activities (in thousands):
|
|
|
Three Months Ended |
|
|
Nine Months Ended |
|
|
|
|
September 30, 2020 |
|
|
September 30, 2020 |
|
|
Balance, beginning of period |
|
$ |
(8,962 |
) |
|
$ |
(19,476 |
) |
|
Charged to revenue |
|
|
(10,470 |
) |
|
|
(28,127 |
) |
|
Utilization of sales incentive allowance |
|
|
11,366 |
|
|
|
39,537 |
|
|
Balance, end of period |
|
$ |
(8,066 |
) |
|
$ |
(8,066 |
) |
|
| Schedule of Allowance for Doubtful Accounts |
Allowance for doubtful accounts consisted of the following activities (in thousands):
|
|
|
Three Months Ended |
|
|
Nine Months Ended |
|
|
|
|
September 30, 2020 |
|
|
September 30, 2020 |
|
|
Balance, beginning of period |
|
$ |
(4,403 |
) |
|
$ |
(1,140 |
) |
|
Impact of adoption of ASU 2016-13 |
|
|
- |
|
|
|
(1,066 |
) |
|
Adjusted balance, beginning of period |
|
|
(4,403 |
) |
|
|
(2,206 |
) |
|
Provision for doubtful accounts |
|
|
(131 |
) |
|
|
(3,097 |
) |
|
Adjustments for recovery and write-off |
|
|
10 |
|
|
|
779 |
|
|
Balance, end of period |
|
$ |
(4,524 |
) |
|
$ |
(4,524 |
) |
|
| Schedule of Property and Equipment, Net |
Property and equipment, net consisted of the following (in thousands):
|
|
|
As of |
|
|
|
|
September 30, 2020 |
|
|
December 31,
2019 |
|
|
Computers and equipment |
|
$ |
29,570 |
|
|
$ |
23,834 |
|
|
Leasehold improvements |
|
|
143,246 |
|
|
|
93,239 |
|
|
Website and software |
|
|
8,323 |
|
|
|
6,510 |
|
|
Office equipment and furniture |
|
|
19,613 |
|
|
|
12,091 |
|
|
Total property and equipment |
|
|
200,752 |
|
|
|
135,674 |
|
|
Accumulated depreciation and amortization |
|
|
(42,118 |
) |
|
|
(32,412 |
) |
|
Property and Equipment, net |
|
$ |
158,634 |
|
|
$ |
103,262 |
|
|
| Schedule of Accounts Payable and Accrued Liabilities |
Accounts payable and accrued liabilities consisted of the following (in thousands):
|
|
|
As of |
|
|
|
|
September 30,
2020 |
|
|
December 31,
2019 |
|
|
Accounts payable |
|
$ |
121,761 |
|
|
$ |
115,227 |
|
|
Payments due to content publishers |
|
|
100,293 |
|
|
|
57,376 |
|
|
Accrued cost of revenue |
|
|
63,939 |
|
|
|
58,149 |
|
|
Operating lease liability, current |
|
|
32,130 |
|
|
|
17,896 |
|
|
Accrued royalty expense |
|
|
10,713 |
|
|
|
18,040 |
|
|
Accrued payroll and related expenses |
|
|
21,301 |
|
|
|
14,522 |
|
|
Accrued inventory |
|
|
13,444 |
|
|
|
2,892 |
|
|
Content licensing liability |
|
|
4,034 |
|
|
|
1,679 |
|
|
Marketing, retail and merchandising costs |
|
|
18,592 |
|
|
|
7,624 |
|
|
Accrued legal fees |
|
|
4,408 |
|
|
|
3,158 |
|
|
Customer prepayments |
|
|
6,807 |
|
|
|
2,669 |
|
|
Taxes and related liabilities |
|
|
3,530 |
|
|
|
3,052 |
|
|
Other accrued expenses |
|
|
11,846 |
|
|
|
11,290 |
|
|
Total Accounts Payable and Accrued Liabilities |
|
$ |
412,798 |
|
|
$ |
313,574 |
|
|
| Schedule of Deferred Revenue |
Deferred revenue consisted of the following (in thousands):
|
|
|
As of |
|
|
|
|
September 30,
2020 |
|
|
December 31,
2019 |
|
|
Platform, current |
|
$ |
23,701 |
|
|
$ |
18,234 |
|
|
Player, current |
|
|
24,303 |
|
|
|
21,627 |
|
|
Total deferred revenue, current |
|
|
48,004 |
|
|
|
39,861 |
|
|
Platform, non-current |
|
|
9,112 |
|
|
|
6,135 |
|
|
Player, non-current |
|
|
9,022 |
|
|
|
9,235 |
|
|
Total deferred revenue, non-current |
|
|
18,134 |
|
|
|
15,370 |
|
|
Total Deferred Revenue |
|
$ |
66,138 |
|
|
$ |
55,231 |
|
|