Segment and Geographic Information

12 Months Ended

Dec. 31, 2021

Segments Geographical Areas [Abstract]

Segment and Geographic Information

Note 12—Segment and Geographic Information

The Company has one primary business activity and operates in one reportable and operating segment.

The Company reports revenue net of amounts it pays suppliers for the cost of Supplier Features. The Company generally bills clients based on Gross Billings, which is the gross amount of Supplier Features they purchase through its platform and the platform fees, net of allowances. The Company’s accounts receivable are recorded at the amount of Gross Billings for the amounts it is responsible to collect, and accounts payable are recorded at the net amount payable to suppliers. Accordingly, both accounts receivable and accounts payable appear large in relation to revenue reported on a net basis.

Gross Billings, based on the billing address of the clients or client affiliates, were as follows (in thousands):

	Year Ended December 31,
	2021		2020		2019
US	$	5,286,191	$	3,605,665	$	2,639,497
International		843,436		562,595		456,190
Total	$	6,129,627	$	4,168,260	$	3,095,687

Property and equipment, net and operating lease assets presented by principal geographic area, were as follows (in thousands):

	December 31, 2021		December 31, 2020
US	$	282,650	$	263,891
International		87,297		100,115
Total	$	369,947	$	364,006