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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 512,166 $ 533,868
Accounts receivable, net of allowance for doubtful accounts of $1,078 and $678 as of June 30, 2022, and December 31, 2021, respectively. 69,306 73,180
Prepaid expenses and other current assets 13,893 15,927
Deferred contract costs, current 26,858 18,898
Total current assets 622,223 641,873
Property and equipment, net 8,286 9,887
Capitalized software, net 23,517 20,054
Operating lease right-of-use assets 14,466 0
Restricted cash, non-current 3,629 2,900
Deferred contract costs, non-current 31,103 25,647
Strategic investments 15,000 10,000
Intangible assets, net 11,464 13,597
Goodwill 12,646 12,646
Other assets 3,655 3,247
Total assets 745,989 739,851
Current liabilities:    
Accounts payable 17,324 34,627
Accrued expenses and other current liabilities 33,720 40,140
Content costs payable 33,310 35,961
Accrued compensation and benefits 21,745 22,341
Operating lease liabilities, current 7,144 0
Deferred revenue, current 240,630 208,274
Total current liabilities 353,873 341,343
Operating lease liabilities, non-current 9,729 0
Deferred revenue, non-current 3,022 2,280
Other liabilities, non-current 4,419 6,528
Total liabilities 371,043 350,151
Note 10 – Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.00001 par value - 50,000,000 shares authorized; zero shares issued and outstanding as of June 30, 2022, and December 31, 2021. 0 0
Common stock, $0.00001 par value - 950,000,000 shares authorized; 140,622,937 and 139,164,693 shares issued and outstanding as of June 30, 2022, and December 31, 2021, respectively. 1 1
Additional paid-in capital 888,522 848,229
Accumulated other comprehensive loss (19) (1)
Accumulated deficit (513,558) (458,529)
Total stockholders’ equity 374,946 389,700
Total liabilities and stockholders' equity $ 745,989 $ 739,851