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ACQUISITIONS (Tables)
 3 Months Ended
Mar. 31, 2022
Business Combination and Asset Acquisition [Abstract]  
Assets Acquired and Liabilities Assumed
The table below summarizes the consideration paid for Afterpay and the preliminary assessment of the fair value of the assets acquired and liabilities assumed at the closing date (in thousands, except share data).

Consideration:
Stock (113,617,352 shares of Class A common stock, excluding value accounted as post-combination expense of $66,337)
$13,827,929 
Cash paid to settle tax withholding in connection with replacement awards8,693 
$13,836,622 
Recognized amounts of identifiable assets acquired and liabilities assumed:
Current assets (inclusive of cash, cash equivalents, and restricted cash acquired)$653,709 
Consumer receivables1,245,508 
Intangible customer assets1,378,000 
Intangible technology assets239,000 
Intangible trade name408,000 
Other non-current assets74,232 
Long-term debt - current (i)(1,058,065)
Current liabilities(394,433)
Warehouse funding facilities (ii)(107,996)
Deferred tax liabilities(234,949)
Other non-current liabilities(55,374)
Total identifiable net assets acquired2,147,632 
Goodwill11,688,990 
Total$13,836,622 
(i) Long-term debt - current is comprised of the aforementioned Afterpay convertible notes, which were redeemed on March 4, 2022 at face value.

(ii) Refer to Note 14, Indebtedness for further details.
Consideration:
Cash$176,663 
Deferred consideration46,475 
Stock (41,138 shares of Class A common stock)
10,071 
$233,209 
Recognized amounts of identifiable assets acquired and liabilities assumed:
Current assets (inclusive of cash acquired of $12,358)
$29,621 
Intangible customer assets69,000 
Intangible technology assets29,000 
Intangible trade name35,000 
Intangible other assets8,000 
Other non-current assets33,443 
Accrued expenses and other current liabilities(67,789)
Other non-current liabilities(52,759)
Total identifiable net assets acquired83,516 
Noncontrolling interests(48,192)
Goodwill197,885 
Total$233,209 
Pro Forma Financial Information
The unaudited pro forma financial results are as follows (in thousands):
Three Months Ended
March 31,
20222021
Net revenue$4,030,674 $5,227,467 
Net loss$(116,936)$(205,261)