v3.22.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 6,886,628 $ 6,067,438
Marketable securities 2,435,661 2,255,038
Restricted cash 14,767 14,764
Funds receivable and amounts held on behalf of customers 6,104,653 3,715,471
Prepaids and other current assets (including customer receivables of $142,519 and $155,911 and allowances of $30,870 and $32,851, respectively) 319,738 333,669
Total current assets 15,761,447 12,386,380
Property and equipment, net 142,729 156,585
Operating lease right-of-use assets 263,110 272,036
Intangible assets, net 46,673 52,308
Goodwill 651,864 652,602
Other assets, noncurrent 202,619 188,563
Total assets 17,068,442 13,708,474
Current liabilities:    
Accounts payable 128,187 118,361
Operating lease liabilities, current 63,524 63,479
Accrued expenses and other current liabilities 1,729,672 1,558,243
Funds payable and amounts payable to customers 6,104,653 3,715,471
Unearned fees 1,747,746 903,728
Total current liabilities 9,773,782 6,359,282
Long-term debt, net of current portion 1,983,578 1,982,537
Operating lease liabilities, noncurrent 358,908 372,483
Other liabilities, noncurrent 214,758 218,459
Total liabilities 12,331,026 8,932,761
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Common stock 64 63
Additional paid-in capital 11,126,300 11,140,284
Accumulated other comprehensive loss (12,415) (6,893)
Accumulated deficit (6,376,533) (6,357,741)
Total stockholders’ equity 4,737,416 4,775,713
Total liabilities and stockholders’ equity $ 17,068,442 $ 13,708,474