v3.20.4
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Revenues    
Revenues $ 2,929,491 $ 1,578,173
Cost of revenues    
Cost of revenues 1,387,971 712,530
Gross profit 1,541,520 865,643
Operating expenses    
Sales and marketing 602,048 472,841
Research and development 552,127 355,015
General and administrative 245,343 153,765
Transaction and loan losses 51,849 25,169
Total operating expenses 1,451,367 1,006,790
Income (loss) from operations 90,153 (141,147)
Other income, net    
Interest income 23,434 48,182
Interest expense (9,085) 0
Unrealized gain on equity and other investments 135,193 0
Foreign exchange gain (loss) 669 (2,850)
Total other income, net 150,211 45,332
Income (loss) before income taxes 240,364 (95,815)
Recovery of (provision for) income taxes (79,145) 29,027
Net income (loss) $ 319,509 $ (124,842)
Net income (loss) per share attributable to shareholders:    
Basic (in dollars per share) $ 2.67 $ (1.10)
Diluted (in dollars per share) $ 2.59 $ (1.10)
Shares used to compute net income (loss) per share attributable to shareholders:    
Shares used to compute net income (loss) per share attributable to shareholders - basic (in shares) 119,569,705 113,026,424
Shares used to compute net income (loss) per share attributable to shareholders - diluted (in shares) 123,463,274 113,026,424
Other comprehensive income    
Unrealized gain on cash flow hedges $ 10,510 $ 18,046
Tax effect on unrealized gain on cash flow hedges (2,786) (4,784)
Comprehensive income (loss) 327,233 (111,580)
Subscription solutions    
Revenues    
Revenues 908,757 642,241
Cost of revenues    
Cost of revenues 193,532 128,155
Merchant solutions    
Revenues    
Revenues 2,020,734 935,932
Cost of revenues    
Cost of revenues $ 1,194,439 $ 584,375