XML 25 R15.htm IDEA: XBRL DOCUMENT v3.21.2
Goodwill and Intangible Assets, Net
6 Months Ended
Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets, Net Goodwill and Intangible Assets, Net
The following table presents goodwill activity (in thousands):
December 31, 2020$249,773 
Goodwill acquired776,147 
Foreign currency translation(9,846)
June 30, 2021$1,016,074 
Intangible assets, net consisted of the following (in thousands):
 Weighted-
Average
Remaining
Useful Life
(Years)
As of June 30, 2021As of December 31, 2020
 Gross
Carrying
Value
Accumulated
Amortization
Net Book
Value
Gross
Carrying
Value
Accumulated
Amortization
Net Book
Value
 
 
Long-lived intangible assets:
Apps5.3$1,718,938 $(355,652)$1,363,286 $1,222,417 $(232,832)$989,585 
Customer Relationships11.8153,103 (2,481)150,622 — — — 
User base4.868,817 (22,493)46,324 68,817 (17,617)51,200 
License asset0.428,551 (19,662)8,889 28,551 (10,918)17,633 
Developed technology5.691,101 (13,441)77,660 14,946 (8,489)6,457 
Other6.632,718 (3,830)28,888 23,321 (1,864)21,457 
Total long-lived intangible assets2,093,228 (417,559)1,675,669 1,358,052 (271,720)1,086,332 
Short-lived intangible assets:
Apps0.436,908 (33,989)2,919 29,869 (25,599)4,270 
Total intangible assets$2,130,136 $(451,548)$1,678,588 $1,387,921 $(297,319)$1,090,602 
As of June 30, 2021 and December 31, 2020, short-lived mobile Apps were included in prepaid expenses and other current assets.
The Company recorded amortization expenses related to acquired intangible assets as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2021202020212020
Cost of revenue$95,200 $44,562 $177,385 $72,138 
Sales and marketing6,034 2,726 9,243 5,420 
Total$101,234 $47,288 $186,628 $77,558