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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 342,436 $ 470,775
Short-term investments 60,991 0
Restricted cash 13,545 13,537
Settlements receivable 204,541 142,727
Loans held for sale 29,774 604
Merchant cash advance receivable, net 21,268 36,473
Other current assets 48,473 41,447
Total current assets 721,028 705,563
Property and equipment, net 86,325 87,222
Goodwill 56,699 56,699
Acquired intangible assets, net 22,329 26,776
Long-term investments 19,602 0
Restricted cash 23,131 14,686
Other assets 4,178 3,826
Total assets 933,292 894,772
Current liabilities:    
Accounts payable 16,211 18,869
Customers payable 310,242 224,811
Accrued transaction losses 16,093 17,176
Accrued expenses 26,133 44,401
Other current liabilities 42,790 28,945
Total current liabilities 411,469 334,202
Other liabilities 50,364 52,522
Total liabilities 461,833 386,724
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.0000001 par value: 100,000,000 shares authorized at June 30, 2016, and December 31, 2015. None issued and outstanding at June 30, 2016, and December 31, 2015. 0 0
Common stock, $0.0000001 par value: 1,000,000,000 Class A shares authorized at both June 30, 2016, and December 31, 2015; 118,365,688 and 31,717,133 issued and outstanding at June 30, 2016, and December 31, 2015, respectively. 500,000,000 Class B shares authorized at both June 30, 2016, and December 31, 2015; 222,597,682 and 303,232,312 issued and outstanding at June 30, 2016, and December 31, 2015, respectively. 0 0
Additional paid-in capital 1,203,136 1,116,882
Accumulated deficit (731,749) (607,649)
Accumulated other comprehensive income (loss) 72 (1,185)
Total stockholders’ equity 471,459 508,048
Total liabilities and stockholders’ equity $ 933,292 $ 894,772