v3.22.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 1,649,328 $ 2,502,992
Marketable securities 3,403,622 5,265,101
Trade and other receivables, net 273,055 192,209
Merchant cash advances, loans and related receivables, net 580,114 470,722
Income taxes receivable 4,695 5,023
Other current assets 139,659 103,273
Total current assets 6,050,473 8,539,320
Long-term assets    
Property and equipment, net 130,821 105,526
Right-of-use assets, net 355,145 196,388
Intangible assets, net 390,148 138,496
Deferred tax assets 40,822 48,369
Equity and other investments ($868,960 and $3,412,166, carried at fair value) 1,953,460 3,955,545
Goodwill 1,836,282 356,528
Total long term assets 4,706,678 4,800,852
Total assets 10,757,151 13,340,172
Current liabilities    
Accounts payable and accrued liabilities 532,569 456,688
Income taxes payable 9,390 13,505
Deferred revenue 295,888 216,792
Lease liabilities 18,161 15,748
Total current liabilities 856,008 702,733
Long-term liabilities    
Deferred revenue 267,513 162,932
Lease liabilities 465,135 246,776
Convertible senior notes 913,312 910,963
Deferred tax liabilities 16,294 183,427
Total long term liabilities 1,662,254 1,504,098
Commitments and contingencies
Shareholders’ equity    
Common stock, unlimited Class A subordinate voting shares authorized, 1,195,697,614 and 1,139,544,920, issued and outstanding; unlimited Class B restricted voting shares authorized, 79,430,952 and 119,426,670 issued and outstanding; 1 Founder share authorized, 1 and nil issued and outstanding [1],[2] 8,747,432 8,040,099
Additional paid-in capital 30,206 161,074
Accumulated other comprehensive loss (16,473) (5,974)
(Accumulated deficit) retained earnings (522,276) 2,938,142
Total shareholders’ equity 8,238,889 11,133,341
Total liabilities and shareholders’ equity $ 10,757,151 $ 13,340,172
[1] As a result of the implementation of the updated governance structure in June 2022, Class B multiple voting shares are now described as Class B restricted voting shares.
[2] Prior year share amounts have been retrospectively adjusted to reflect the ten-for-one share split ("Share Split") effected in June 2022. See Note 19 for details.