XML 13 R2.htm IDEA: XBRL DOCUMENT v3.23.2
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 581,053 $ 543,299
Restricted cash 9,710 2,882
Customer funds 5,528,701 5,838,612
Accounts receivable (net of allowance of $246 at June 30, 2023 and December 31, 2022) 11,260 12,878
Capital advance receivables (net of allowance of $4,565 at June 30, 2023 and $5,311 at December 31, 2022) 40,220 37,155
Other current assets 37,983 36,278
Total current assets 6,208,927 6,471,104
Non-current assets:    
Property, equipment and software, net 13,599 14,392
Goodwill 19,889 19,889
Intangible assets, net 57,919 45,444
Restricted cash 6,092 4,848
Deferred taxes 14,002 4,169
Investment in associated company   6,429
Severance pay fund 970 1,095
Operating lease right of use assets 12,681 15,260
Other assets 9,771 12,021
Total assets 6,343,850 6,594,651
Current liabilities:    
Trade payables 29,170 41,566
Outstanding operating balances 5,528,701 5,838,612
Other payables 100,574 97,334
Total current liabilities 5,658,445 5,977,512
Non-current liabilities:    
Long-term debt from related party (refer to Notes 8 and 17 for further information) 15,639 16,138
Warrant liability 12,580 25,914
Other long-term liabilities 31,239 29,831
Total liabilities 5,717,903 6,049,395
Commitments and contingencies (Note 11)
Shareholders' equity:    
Preferred stock, $0.01 par value, 380,000,000 shares authorized; no shares were issued and outstanding at June 30, 2023 and December 31, 2022.
Common stock, $0.01 par value, 3,800,000,000 and 3,800,000,000 shares authorized; 363,252,231 and 352,842,025 shares issued and 359,051,208 and 352,842,025 shares outstanding at June 30, 2023 and December 31, 2022, respectively. 3,632 3,528
Treasury stock at cost, 4,201,025 and 0 shares as of June 30, 2023 and December 30, 2022, respectively Additional paid-in capital (19,725)  
Additional paid-in capital 697,258 650,433
Accumulated other comprehensive loss (176) (176)
Accumulated deficit (55,042) (108,529)
Total shareholders' equity 625,947 545,256
Total liabilities and shareholders' equity $ 6,343,850 $ 6,594,651