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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 510,965 $ 533,868
Accounts receivable, net of allowance for doubtful accounts of $678 and $678 as of March 31, 2022 and December 31, 2021, respectively. 67,699 73,180
Prepaid expenses and other current assets 15,279 15,927
Deferred contract costs, current 23,074 18,898
Total current assets 617,017 641,873
Property and equipment, net 8,937 9,887
Capitalized software, net 21,693 20,054
Operating lease right-of-use assets 15,994  
Restricted cash, non-current 3,629 2,900
Deferred contract costs, non-current 27,927 25,647
Strategic investments 15,000 10,000
Intangible assets, net 12,531 13,597
Goodwill 12,646 12,646
Other assets 3,516 3,247
Total assets 738,890 739,851
Current liabilities:    
Accounts payable 16,275 34,627
Accrued expenses and other current liabilities 35,697 40,140
Content costs payable 31,606 35,961
Accrued compensation and benefits 20,909 22,341
Operating lease liabilities, current 7,410  
Deferred revenue, current 227,701 208,274
Total current liabilities 339,598 341,343
Deferred revenue, non-current 2,817 2,280
Operating lease liabilities, non-current 11,458  
Other liabilities, non-current 4,509 6,528
Total liabilities 358,382 350,151
Commitments and contingencies (Note 10)
Stockholders' equity:    
Preferred stock, $0.00001 par value- 50,000,000 shares authorized; zero shares issued and outstanding as of March 31, 2022 and December 31, 2021. 0 0
Common stock, $0.00001 par value - 950,000,000 shares authorized; 139,573,416 and 139,164,693 shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively. 1 1
Additional paid-in capital 864,676 848,229
Accumulated other comprehensive income (loss) 9 (1)
Accumulated deficit (484,178) (458,529)
Total stockholders’ equity 380,508 389,700
Total liabilities and stockholders' equity $ 738,890 $ 739,851