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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 704,494 $ 452,030
Short-term investments 186,756 59,901
Restricted cash 22,002 22,131
Settlements receivable 266,088 321,102
Customer funds 57,527 43,574
Loans held for sale 51,883 42,144
Other current assets 54,605 60,543
Total current assets 1,343,355 1,001,425
Property and equipment, net 91,013 88,328
Goodwill 58,103 57,173
Acquired intangible assets, net 18,395 19,292
Long-term investments 62,711 27,366
Restricted cash 14,494 14,584
Other assets 3,042 3,194
Total assets 1,591,113 1,211,362
Current liabilities:    
Accounts payable 9,826 12,602
Customers payable 363,039 388,058
Settlements payable 35,773 51,151
Customer funds obligation 57,527 43,574
Accrued transaction losses 20,444 20,064
Accrued expenses 45,475 39,543
Other current liabilities 22,812 22,472
Total current liabilities 554,896 577,464
Long-term debt (Note 10) 345,739 0
Other liabilities 62,545 57,745
Total liabilities 963,180 635,209
Commitments and contingencies (Note 15)
Stockholders’ equity:    
Preferred stock, $0.0000001 par value: 100,000,000 shares authorized at March 31, 2017 and December 31, 2016. None issued and outstanding at March 31, 2017 and December 31, 2016. 0 0
Additional paid-in capital 1,424,187 1,357,381
Accumulated deficit (795,012) (779,239)
Accumulated other comprehensive loss (1,242) (1,989)
Total stockholders’ equity 627,933 576,153
Total liabilities and stockholders’ equity 1,591,113 1,211,362
Class A    
Stockholders’ equity:    
Common stock 0 0
Class B    
Stockholders’ equity:    
Common stock $ 0 $ 0