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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Jun. 30, 2023
Current assets:    
Cash and cash equivalents $ 985,941 $ 1,617,151
Short-term investments 601,535 1,043,110
Accounts receivable, net 28,049 28,233
Acquired card receivables, net of allowances of $20,883 and $15,498 as of June 30, 2024 and 2023, respectively 697,216 458,650
Prepaid expenses and other current assets 297,169 170,111
Funds held for customers 3,704,907 3,355,909
Total current assets 6,314,817 6,673,164
Non-current assets:    
Operating lease right-of-use assets, net 59,414 68,988
Property and equipment, net 88,034 81,564
Intangible assets, net 281,471 361,427
Goodwill 2,396,509 2,396,509
Other assets 38,568 54,366
Total assets 9,178,813 9,636,018
Current liabilities:    
Accounts payable 7,447 8,519
Accrued compensation and benefits 34,158 32,901
Deferred revenue 17,006 26,328
Other accruals and current liabilities 299,506 194,733
Borrowings from credit facilities, net 0 135,046
Customer fund deposits 3,704,907 3,355,909
Total current liabilities 4,063,024 3,753,436
Non-current liabilities:    
Deferred revenue 4,167 410
Operating lease liabilities 62,847 72,477
Borrowings from credit facilities, net 180,009 0
Convertible senior notes, net 733,991 1,704,782
Other long-term liabilities 574 18,944
Total liabilities 5,044,612 5,550,049
Commitments and contingencies (Note 15)
Stockholders' equity:    
Preferred stock: $0.00001 par value per share; 10,000 shares authorized; none issued and outstanding 0 0
Common stock; $0.00001 par value per share; 500,000 shares authorized; 106,646 and 106,550 shares issued and outstanding at June 30, 2024 and 2023, respectively 2 2
Additional paid-in capital 5,233,037 4,946,623
Accumulated other comprehensive loss (1,890) (4,488)
Accumulated deficit (1,096,948) (856,168)
Total stockholders' equity 4,134,201 4,085,969
Total liabilities and stockholders' equity $ 9,178,813 $ 9,636,018