v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 612,118 $ 197,154
Restricted cash 231,351 243,323
Accounts receivable, less allowances of $12,186 and $10,271 at September 30, 2020 and December 31, 2019, respectively 130,118 143,127
Prepaid expenses 34,802 24,539
Other current assets 32,187 27,387
Total current assets 1,040,576 635,530
Property, equipment, and software, net 176,994 163,282
Right-of-use assets 113,557 121,941
Goodwill Recognized 1,725,872 1,611,749
Intangible assets, net 350,400 372,996
Deferred tax assets, net 21,925 33,812
Other assets 27,550 30,507
Total assets 3,456,874 2,969,817
Current liabilities:    
Accounts payable 40,935 40,092
Accrued expenses and other current liabilities 106,659 89,038
Current portion of deferred revenue 134,003 134,148
Current portion of term loans 30,000 18,750
Convertible notes, net 314,935 0
Customer deposits held in restricted accounts 232,554 243,316
Total current liabilities 859,086 525,344
Deferred revenue 4,724 4,793
Revolving facility 0 230,000
Term loans, net 553,201 575,313
Convertible notes, net 285,462 305,188
Lease liabilities, net of current portion 124,452 133,313
Other long-term liabilities 41,835 22,940
Total liabilities 1,868,760 1,796,891
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.001 par value: 10,000,000 shares authorized and zero shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively 0 0
Common stock, $0.001 par value: 250,000,000 shares authorized, 102,260,247 and 96,100,296 shares issued and 101,923,802 and 94,744,157 shares outstanding at September 30, 2020 and December 31, 2019, respectively 102 96
Additional paid-in capital 1,578,661 1,222,356
Treasury stock, at cost: 336,445 and 1,356,139 shares at September 30, 2020 and December 31, 2019, respectively (10,468) (39,483)
Retained earnings (deficit) 25,036 (7,695)
Accumulated other comprehensive loss (5,217) (2,348)
Total stockholders’ equity 1,588,114 1,172,926
Total liabilities and stockholders’ equity $ 3,456,874 $ 2,969,817

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