SEGMENT AND GEOGRAPHICAL INFORMATION

3 Months Ended

Mar. 31, 2020

SEGMENT AND GEOGRAPHICAL INFORMATION

Operating segments are defined as components of an enterprise for which discrete financial information is available that is evaluated regularly by the chief operating decision maker (CODM) for purposes of allocating resources and evaluating financial performance. The Company’s CODM is the chief executive officer who reviews financial information presented on a consolidated basis for purposes of allocating resources and evaluating financial performance. As such, the Company’s operations constitute a single operating segment and one reportable segment.

The Company anticipates changing its operating and reportable segments from one segment to two segments in subsequent quarters of 2020. These two segments will represent the Seller and Cash App businesses and will reflect the way the Company anticipates evaluating its business performance and managing its operations.

Revenue

Revenue by geography is based on the billing addresses of the sellers or customers. The following table sets forth revenue by geographic area (in thousands):


	Three Months Ended March 31,
	2020		2019
Revenue
United States	$	1,313,586	$	914,656
International	67,523		44,703
Total net revenue	$	1,381,109	$	959,359

No individual country from the international markets contributed in excess of 10% of total revenue for the three months ended March 31, 2020 and March 31, 2019.

Long-Lived Assets

The following table sets forth long-lived assets by geographic area (in thousands):


	March 31, 2020		December 31, 2019
Long-lived assets
United States	$	918,351	$	586,702
International	16,235		11,064
Total long-lived assets	$	934,586	$	597,766