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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 3,022,485 $ 3,158,058
Investments in short-term debt securities 644,454 695,112
Settlements receivable 1,109,505 1,024,895
Customer funds 2,976,428 2,037,832
Loans held for sale 742,378 462,665
Other current assets 823,606 383,067
Total current assets 9,318,856 7,761,629
Property and equipment, net 245,702 233,520
Goodwill 316,437 316,701
Acquired intangible assets, net 129,796 137,612
Investments in long-term debt securities 522,542 463,950
Operating lease right-of-use assets 463,331 456,888
Other non-current assets 352,056 499,250
Total assets 11,348,720 9,869,550
Current liabilities:    
Customers payable 4,028,859 3,009,051
Settlements payable 263,926 239,362
Accrued expenses and other current liabilities 448,624 360,850
Operating lease liabilities, current 55,485 52,747
PPP Liquidity Facility advances 764,208 464,094
Total current liabilities 5,561,102 4,126,104
Long-term debt 2,980,202 2,586,924
Operating lease liabilities, non-current 400,369 389,662
Other non-current liabilities 92,674 85,291
Total liabilities 9,034,347 7,187,981
Commitments and contingencies (Note 16)
Stockholders’ equity:    
Preferred stock, $0.0000001 par value: 100,000,000 shares authorized at March 31, 2021 and December 31, 2020. None issued and outstanding at March 31, 2021 and December 31, 2020. 0 0
Additional paid-in capital 2,459,415 2,955,464
Accumulated other comprehensive income 10,199 23,328
Accumulated deficit (155,241) (297,223)
Total stockholders’ equity 2,314,373 2,681,569
Total liabilities and stockholders’ equity 11,348,720 9,869,550
Class A    
Stockholders’ equity:    
Common stock 0 0
Class B    
Stockholders’ equity:    
Common stock $ 0 $ 0