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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 345,674 $ 366,985
Short-term investments 276,432 257,302
Accounts receivable, net of allowance for doubtful accounts of $5,822 and $4,720 as of March 31, 2019 and December 31, 2018, respectively 10,789 12,244
Prepaid and other current assets 26,859 22,686
Funds receivable and seller accounts 64,247 21,072
Total current assets 724,001 680,289
Restricted cash 5,341 5,341
Property and equipment, net of accumulated depreciation and amortization of $93,159 and $85,440 as of March 31, 2019 and December 31, 2018, respectively 131,650 120,179
Goodwill 37,034 37,482
Intangible assets, net of accumulated amortization of $8,794 and $7,378 as of March 31, 2019 and December 31, 2018, respectively 33,839 34,589
Deferred tax assets 23,000 23,464
Other assets 26,303 507
Total assets 981,168 901,851
Current liabilities:    
Accounts payable 17,325 26,545
Accrued expenses 40,123 49,158
Finance lease obligations—current 9,927 3,884
Funds payable and amounts due to sellers 64,247 21,072
Deferred revenue 7,787 7,478
Other current liabilities 9,266 3,925
Total current liabilities 148,675 112,062
Finance lease obligations—net of current portion 59,610 2,095
Deferred tax liabilities 32,637 30,455
Facility financing obligation 0 59,991
Long-term debt, net 280,226 276,486
Other liabilities 40,007 19,864
Total liabilities 561,155 500,953
Commitments and contingencies (Note 11)
Stockholders’ equity:    
Common stock ($0.001 par value, 1,400,000,000 shares authorized as of March 31, 2019 and December 31, 2018; 119,933,386 and 119,771,702 shares issued and outstanding as of March 31, 2019 and December 31, 2018, respectively) 120 120
Preferred stock ($0.001 par value, 25,000,000 shares authorized as of March 31, 2019 and December 31, 2018) 0 0
Additional paid-in capital 570,906 562,033
Accumulated deficit (142,238) (153,442)
Accumulated other comprehensive loss (8,775) (7,813)
Total stockholders’ equity 420,013 400,898
Total liabilities and stockholders’ equity $ 981,168 $ 901,851