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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 3,158,058 $ 1,047,118
Investments in short-term debt securities 695,112 492,456
Settlements receivable 1,024,895 588,692
Customer funds 2,037,832 676,292
Loans held for sale 462,665 164,834
Other current assets 383,067 250,409
Total current assets 7,761,629 3,219,801
Property and equipment, net 233,520 149,194
Goodwill 316,701 266,345
Acquired intangible assets, net 137,612 69,079
Investments in long-term debt securities 463,950 537,303
Operating lease right-of-use assets 456,888 113,148
Other non-current assets 499,250 196,388
Total assets 9,869,550 4,551,258
Current liabilities:    
Customers payable 3,009,051 1,273,135
Settlements payable 239,362 95,834
Accrued expenses and other current liabilities 360,850 297,841
Operating lease liabilities, current 52,747 27,275
PPP Liquidity Facility advances 464,094 0
Total current liabilities 4,126,104 1,694,085
Long-term debt 2,586,924 938,832
Operating lease liabilities, non-current 389,662 108,830
Other non-current liabilities 85,291 94,461
Total liabilities 7,187,981 2,836,208
Commitments and contingencies (Note 18)
Stockholders’ equity:    
Preferred stock, $0.0000001 par value: 100,000,000 shares authorized at December 31, 2020 and December 31, 2019. None issued and outstanding at December 31, 2020 and December 31, 2019. 0 0
Additional paid-in capital 2,955,464 2,223,749
Accumulated other comprehensive income 23,328 1,629
Accumulated deficit (297,223) (510,328)
Total stockholders’ equity 2,681,569 1,715,050
Total liabilities and stockholders’ equity 9,869,550 4,551,258
Class A    
Stockholders’ equity:    
Common stock 0 0
Class B    
Stockholders’ equity:    
Common stock $ 0 $ 0