v3.22.0.1
Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Revenues    
Revenues $ 4,611,856 $ 2,929,491
Cost of revenues    
Cost of revenues 2,130,712 1,387,971
Gross profit 2,481,144 1,541,520
Operating expenses    
Sales and marketing 901,557 602,048
Research and development 854,383 552,127
General and administrative 374,844 245,343
Transaction and loan losses 81,717 51,849
Total operating expenses 2,212,501 1,451,367
Income from operations 268,643 90,153
Other income, net    
Interest income 15,356 23,434
Interest expense (3,493) (9,085)
Net unrealized gain on equity and other investments 2,859,800 135,193
Foreign exchange gain 286 669
Total other income, net 2,871,949 150,211
Income before income taxes 3,140,592 240,364
(Provision for) recovery of income taxes (225,933) 79,145
Net income $ 2,914,659 $ 319,509
Net income per share attributable to shareholders:    
Basic (in dollars per share) $ 23.38 $ 2.67
Diluted (in dollars per share) $ 22.90 $ 2.59
Weighted average shares used to compute net income per share attributable to shareholders:    
Basic (in shares) 124,658,891 119,569,705
Diluted (in shares) 127,364,735 123,463,274
Other comprehensive (loss) income    
Unrealized (loss) gain on cash flow hedges $ (20,061) $ 10,510
Tax effect on unrealized (loss) gain on cash flow hedges 5,317 (2,786)
Other comprehensive (loss) income, net of tax (14,744) 7,724
Comprehensive income 2,899,915 327,233
Subscription solutions    
Revenues    
Revenues 1,342,334 908,757
Cost of revenues    
Cost of revenues 264,351 193,532
Merchant solutions    
Revenues    
Revenues 3,269,522 2,020,734
Cost of revenues    
Cost of revenues $ 1,866,361 $ 1,194,439