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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 1,514,064 $ 673,593
Restricted cash 37,700 19,953
Trade accounts receivable—net of allowance for doubtful accounts of $5,803 and $3,983, respectively 114,248 75,857
Deferred commissions 16,364 12,245
Prepaid expenses and other current assets 29,267 20,098
Total current assets before customer fund assets 1,711,643 801,746
Funds held from customers 62,509 30,598
Receivable from customers—net of allowance of $439 and $593, respectively 1,472 563
Total current assets 1,775,624 832,907
Noncurrent assets:    
Restricted cash 0 37,700
Deferred commissions 52,155 38,625
Operating lease right-of-use assets—net 44,385 52,320
Property and equipment—net 46,464 34,713
Intangible assets—net 96,818 86,513
Goodwill 672,381 513,234
Other noncurrent assets 10,704 6,321
Total assets 2,698,531 1,602,333
Current liabilities:    
Trade payables 16,683 20,280
Accrued expenses 109,792 84,532
Deferred revenue 280,816 208,026
Accrued purchase price related to acquisitions 51,476 22,473
Accrued earnout liabilities 33,151 749
Operating lease liabilities 11,453 11,339
Total current liabilities before customer fund obligations 503,371 347,399
Customer fund obligations 64,302 31,549
Total current liabilities 567,673 378,948
Noncurrent liabilities:    
Convertible senior notes—net 961,259 0
Deferred revenue 2,139 1,664
Accrued purchase price related to acquisitions 7,988 49,057
Accrued earnout liabilities 81,485 34,468
Operating lease liabilities 45,614 56,625
Deferred tax liability 5,158 1,031
Other noncurrent liabilities 761 380
Total liabilities 1,672,077 522,173
Commitments and contingencies 0 0
Shareholders' equity:    
Preferred stock, $0.0001 par value – no shares issued and outstanding at December 31, 2021, and December 31, 2020, and 20,000 shares authorized as of December 31, 2021, and December 31, 2020 0 0
Common stock, $0.0001 par value – 87,087 and 85,058 shares issued and outstanding at December 31, 2021, and December 31, 2020, respectively, and 600,000 shares authorized as of December 31, 2021, and December 31, 2020 9 9
Additional paid-in capital 1,732,742 1,648,741
Accumulated other comprehensive loss (3,428) (1,339)
Accumulated deficit (702,869) (567,251)
Total shareholders’ equity 1,026,454 1,080,160
Total liabilities and shareholders' equity $ 2,698,531 $ 1,602,333