Composition of Certain Financial Statement Captions (Tables)
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12 Months Ended |
Dec. 31, 2017 |
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| Organization, Consolidation and Presentation of Financial Statements [Abstract] |
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| Schedule of cash, cash equivalents and investments |
Cash, cash equivalents and investments consisted of the following:
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As of December 31, |
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2016 |
|
2017 |
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(in thousands) |
Cash and cash equivalents |
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|
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Cash |
$ |
144,192 |
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|
$ |
146,294 |
|
Money market funds |
55,752 |
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|
353,303 |
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Total cash and cash equivalents |
$ |
199,944 |
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|
$ |
499,597 |
|
Short-term investments |
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|
|
|
|
Corporate debt securities |
37,109 |
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|
1,250 |
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Total short-term investments |
$ |
37,109 |
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|
$ |
1,250 |
|
Long-term investments |
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|
|
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Corporate debt securities |
$ |
6,252 |
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|
$ |
— |
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Total long-term investments |
$ |
6,252 |
|
|
$ |
— |
|
Cash, cash equivalents and investments |
$ |
243,305 |
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|
$ |
500,847 |
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| Summary of available-for-sale securities' adjusted cost, gross unrealized gains, gross unrealized losses and fair value by significant investment category |
The following table summarizes our available-for-sale securities’ adjusted cost, gross unrealized gains, gross unrealized losses and fair value by significant investment category as of December 31, 2016. As of December 31, 2017, the adjusted cost and fair value by significant investment category are the same.
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As of December 31, 2016 |
|
Adjusted
Cost
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|
Unrealized
Gains
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|
Unrealized
Losses
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|
Fair
Value
|
|
(in thousands) |
Cash equivalents and marketable securities |
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|
|
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Money market funds |
$ |
55,752 |
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|
$ |
— |
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|
$ |
— |
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|
$ |
55,752 |
|
Corporate debt securities |
43,413 |
|
|
3 |
|
|
(55 |
) |
|
43,361 |
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Total cash equivalents and marketable securities |
$ |
99,165 |
|
|
$ |
3 |
|
|
$ |
(55 |
) |
|
$ |
99,113 |
|
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| Schedule of available-for-sale investments by contractual maturity date |
The following tables present available-for-sale securities by contractual maturity date as of December 31, 2016 and 2017:
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As of December 31, 2016 |
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Adjusted
Cost
|
|
Fair Value |
|
(in thousands) |
Due in one year or less |
$ |
92,914 |
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|
$ |
92,861 |
|
Due after one year through three years |
6,251 |
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|
6,252 |
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Total |
$ |
99,165 |
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|
$ |
99,113 |
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As of December 31, 2017 |
|
Adjusted
Cost
|
|
Fair Value |
|
(in thousands) |
Due in one year or less |
$ |
354,553 |
|
|
$ |
354,553 |
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Total |
$ |
354,553 |
|
|
$ |
354,553 |
|
|
| Summary of available-for-sale securities' fair value and gross unrealized losses |
The following table summarizes our available-for-sale securities’ fair value and gross unrealized losses aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position as of December 31, 2016. We had no securities that had been in a continuous unrealized loss position for greater than 12 months as of December 31, 2017.
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As of December 31, 2016 |
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Twelve Months or Less |
|
More than Twelve Months |
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Total |
|
Fair
Value |
|
Gross Unrealized Losses |
|
Fair
Value |
|
Gross Unrealized Losses |
|
Fair
Value |
|
Gross Unrealized Losses |
|
(in thousands) |
Corporate debt securities |
$ |
34,257 |
|
|
$ |
(52 |
) |
|
$ |
4,099 |
|
|
$ |
(3 |
) |
|
$ |
38,356 |
|
|
$ |
(55 |
) |
Total |
$ |
34,257 |
|
|
$ |
(52 |
) |
|
$ |
4,099 |
|
|
$ |
(3 |
) |
|
$ |
38,356 |
|
|
$ |
(55 |
) |
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| Schedule of accounts receivable, net |
Accounts receivable, net consisted of the following as of December 31, 2016 and 2017:
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As of December 31, |
|
2016 |
|
2017 |
|
(in thousands) |
Accounts receivable, net |
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Accounts receivable |
$ |
312,900 |
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|
$ |
341,781 |
|
Allowance for doubtful accounts |
(3,633 |
) |
|
(5,352 |
) |
Total accounts receivable, net |
$ |
309,267 |
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|
$ |
336,429 |
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| Schedule of allowance for doubtful accounts |
The following table summarizes our beginning allowance for doubtful accounts balance for each period, additions, write-offs net of recoveries and the balance at the end of each period for the years December 31, 2015, 2016 and 2017:
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Allowance for Doubtful Accounts |
Balance at Beginning of Period |
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Additions |
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Write-offs, Net of Recoveries |
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Balance at End of Period |
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(in thousands) |
For the year ended December 31, 2015 |
$ |
1,218 |
|
|
2,085 |
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|
(1,138 |
) |
|
$ |
2,165 |
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For the year ended December 31, 2016 |
$ |
2,165 |
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|
3,508 |
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|
(2,040 |
) |
|
$ |
3,633 |
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For the year ended December 31, 2017 |
$ |
3,633 |
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|
5,274 |
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|
(3,555 |
) |
|
$ |
5,352 |
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| Schedule of prepaid and other current assets |
Prepaid and other current assets consisted of the following as of December 31, 2016 and 2017:
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As of December 31, |
|
2016 |
|
2017 |
|
(in thousands) |
Prepaid expenses and other current assets |
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Other current assets |
$ |
13,858 |
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|
$ |
6,636 |
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Prepaid expenses |
13,533 |
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|
12,584 |
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Ticketing contract advances—short term, net |
5,800 |
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|
— |
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Total prepaid expenses and other current assets |
$ |
33,191 |
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|
$ |
19,220 |
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| Schedule of other long-term assets |
Other long-term assets consisted of the following as of December 31, 2016 and 2017:
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As of December 31, |
|
2016 |
|
2017 |
|
(in thousands) |
Other long-term assets |
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Long-term security deposits |
$ |
9,090 |
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|
$ |
8,810 |
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Other |
7,048 |
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|
2,483 |
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Ticketing contract advances—long-term |
15,395 |
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|
— |
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Total other long-term assets |
$ |
31,533 |
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|
$ |
11,293 |
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| Schedule of property and equipment, net |
Property and equipment, net consisted of the following as of December 31, 2016 and 2017:
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As of December 31, |
|
2016 |
|
2017 |
|
(in thousands) |
Property and equipment, net |
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|
Servers, computers and other related equipment |
$ |
85,541 |
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|
$ |
91,803 |
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Software developed for internal use |
34,983 |
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|
74,260 |
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Leasehold improvements |
63,519 |
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|
64,968 |
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Construction in progress |
20,393 |
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|
8,460 |
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Office furniture and equipment |
9,037 |
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|
8,040 |
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Total property and equipment |
$ |
213,473 |
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|
$ |
247,531 |
|
Less accumulated depreciation and amortization |
(89,385 |
) |
|
(130,789 |
) |
Total property and equipment, net |
$ |
124,088 |
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|
$ |
116,742 |
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| Schedule of other current liabilities |
Other current liabilities consisted of the following as of December 31, 2016 and 2017:
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As of December 31, |
|
2016 |
|
2017 |
|
(in thousands) |
Other current liabilities |
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|
Ticketing amounts due to clients |
$ |
20,666 |
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|
$ |
— |
|
Other |
327 |
|
|
— |
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Total other current liabilities |
$ |
20,993 |
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|
$ |
— |
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| Schedule of other long-term liabilities |
Other long-term liabilities consisted of the following as of December 31, 2016 and 2017:
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As of December 31, |
|
2016 |
|
2017 |
|
(in thousands) |
Other long-term liabilities |
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|
Long-term deferred rent |
$ |
24,245 |
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|
$ |
19,822 |
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Other |
9,942 |
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|
3,678 |
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Total other long-term liabilities |
$ |
34,187 |
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|
$ |
23,500 |
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