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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 420,712 $ 437,892
Funds receivable 54,896 58,697
Accounts receivable, net 2,932 4,069
Creator signing fees, net 9,597 7,324
Creator advances, net 22,282 21,255
Prepaid expenses and other current assets 14,157 16,467
Total current assets 524,576 545,704
Property, plant and equipment, net 19,735  
Property, plant and equipment, net   44,219
Operating lease right-of-use assets 22,160  
Goodwill 170,560 170,560
Acquired intangible assets, net 49,158 59,973
Restricted cash 2,228 1,508
Creator signing fees, noncurrent 16,710 9,681
Creator advances, noncurrent 922 1,887
Other assets 1,966 3,352
Total assets 808,015 836,884
Current liabilities    
Accounts payable, creators 308,371 272,201
Accounts payable, trade 1,870 1,028
Accrued compensation and benefits 6,347 5,586
Accrued taxes 5,409 8,028
Operating lease liabilities 9,115  
Current portion of term loans 0 5,635
Other accrued liabilities 19,196 15,726
Total current liabilities 350,308 308,204
Build-to-suit lease financing obligation   28,510
Accrued taxes, noncurrent 15,173 15,691
Operating lease liabilities, noncurrent 16,162  
Term loans 0 67,087
Other liabilities 557 2,170
Total liabilities 382,200 421,662
Commitments and contingencies (Note 11)
Stockholders’ equity    
Preferred stock, $0.00001 par value; 100,000,000 shares authorized, no shares issued or outstanding as of December 31, 2019 or 2018 0 0
Common stock, $0.00001 par value; 1,100,000,000 shares authorized, 85,718,860 shares issued and outstanding as of December 31, 2019; 1,100,000,000 shares authorized, 78,546,874 shares issued and 78,358,394 shares outstanding as of December 31, 2018 1 0
Treasury stock at cost; no shares as of December 31, 2019 and 188,480 shares as of December 31, 2018 0 (488)
Additional paid-in capital 798,640 718,405
Accumulated deficit (372,826) (302,695)
Total stockholders’ equity 425,815 415,222
Total liabilities and stockholders’ equity $ 808,015 $ 836,884