v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 638,556 $ 197,154
Restricted cash 262,397 243,323
Accounts receivable, less allowances of $11,814 and $10,271 at June 30, 2020 and December 31, 2019, respectively 129,675 143,127
Prepaid expenses 28,613 24,539
Other current assets 28,354 27,387
Total current assets 1,087,595 635,530
Property, equipment, and software, net 169,222 163,282
Right-of-use assets 114,372 121,941
Goodwill Recognized 1,663,639 1,611,749
Intangible assets, net 348,620 372,996
Deferred tax assets, net 28,525 33,812
Other assets 28,473 30,507
Total assets 3,440,446 2,969,817
Current liabilities:    
Accounts payable 40,700 40,092
Accrued expenses and other current liabilities 98,624 89,038
Current portion of deferred revenue 132,796 134,148
Current portion of term loans 26,250 18,750
Convertible notes, net 311,638 0
Customer deposits held in restricted accounts 263,133 243,316
Total current liabilities 873,141 525,344
Deferred revenue 4,062 4,793
Revolving facility 0 230,000
Term loans, net 560,571 575,313
Convertible notes, net 283,122 305,188
Lease liabilities, net of current portion 125,697 133,313
Other long-term liabilities 34,038 22,940
Total liabilities 1,880,631 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 June 30, 2020 and December 31, 2019, respectively 0 0
Common stock, $0.001 par value: 250,000,000 shares authorized, 102,206,190 and 96,100,296 shares issued and 101,990,040 and 94,744,157 shares outstanding at June 30, 2020 and December 31, 2019, respectively 102 96
Additional paid-in capital 1,561,672 1,222,356
Treasury stock, at cost: 216,150 and 1,356,139 shares at June 30, 2020 and December 31, 2019, respectively (4,527) (39,483)
Retained earnings (deficit) 8,695 (7,695)
Accumulated other comprehensive loss (6,127) (2,348)
Total stockholders’ equity 1,559,815 1,172,926
Total liabilities and stockholders’ equity $ 3,440,446 $ 2,969,817

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