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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 1,962,316 $ 1,047,118
Investments in short-term debt securities 521,840 492,456
Settlements receivable 521,629 588,692
Customer funds 944,811 676,292
Loans held for sale 160,709 164,834
Other current assets 278,670 250,409
Total current assets 4,389,975 3,219,801
Property and equipment, net 150,659 149,194
Goodwill 288,533 266,345
Acquired intangible assets, net 81,936 69,079
Investments in long-term debt securities 529,460 537,303
Operating lease right-of-use assets 413,458 113,148
Other non-current assets 149,852 196,388
Total assets 6,003,873 4,551,258
Current liabilities:    
Customers payable 1,485,439 1,273,135
Settlements payable 89,150 95,834
Accrued expenses and other current liabilities 392,734 297,841
Operating lease liabilities, current 37,335 27,275
Total current liabilities 2,004,658 1,694,085
Long-term debt 1,760,847 938,832
Operating lease liabilities, non-current 349,562 108,830
Other non-current liabilities 80,861 94,461
Total liabilities 4,195,928 2,836,208
Commitments and contingencies (Note 17)
Stockholders’ equity:    
Preferred stock, $0.0000001 par value: 100,000,000 shares authorized at March 31, 2020 and December 31, 2019. None issued and outstanding at March 31, 2020 and December 31, 2019. 0 0
Additional paid-in capital 2,427,596 2,223,749
Accumulated other comprehensive income (loss) (3,432) 1,629
Accumulated deficit (616,219) (510,328)
Total stockholders’ equity 1,807,945 1,715,050
Total liabilities and stockholders’ equity 6,003,873 4,551,258
Class A    
Stockholders’ equity:    
Common stock 0 0
Class B    
Stockholders’ equity:    
Common stock $ 0 $ 0