Composition of Certain Financial Statement Captions (Tables)
|
12 Months Ended |
Dec. 31, 2016 |
|---|
| Organization, Consolidation and Presentation of Financial Statements [Abstract] |
|
| Schedule of cash, cash equivalents and investments |
Cash, cash equivalents and investments consisted of the following:
|
|
|
|
|
|
|
|
|
|
As of December 31, |
|
2015 |
|
2016 |
|
(in thousands) |
Cash and cash equivalents |
|
|
|
|
|
Cash |
$ |
104,361 |
|
|
$ |
144,192 |
|
Money market funds |
180,021 |
|
|
55,752 |
|
Commercial paper |
31,089 |
|
|
— |
|
Corporate debt securities |
2,000 |
|
|
— |
|
U.S. government and government agency debt securities |
17,196 |
|
|
— |
|
Total cash and cash equivalents |
$ |
334,667 |
|
|
$ |
199,944 |
|
Short-term investments |
|
|
|
|
|
Commercial paper |
$ |
4,792 |
|
|
$ |
— |
|
Corporate debt securities |
31,052 |
|
|
37,109 |
|
Total short-term investments |
$ |
35,844 |
|
|
$ |
37,109 |
|
Long-term investments |
|
|
|
|
|
Corporate debt securities |
$ |
46,369 |
|
|
$ |
6,252 |
|
Total long-term investments |
$ |
46,369 |
|
|
$ |
6,252 |
|
Total cash, cash equivalents and investments |
$ |
416,880 |
|
|
$ |
243,305 |
|
|
| Summary of available-for-sale securities' adjusted cost, gross unrealized gains, gross unrealized losses and fair value by significant investment category |
The following tables summarize our available-for-sale securities’ adjusted cost, gross unrealized gains, gross unrealized losses and fair value by significant investment category as of December 31, 2015 and 2016.
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2015 |
|
Adjusted
Cost
|
|
Unrealized
Gains
|
|
Unrealized
Losses
|
|
Fair
Value
|
|
(in thousands) |
Cash equivalents and marketable securities |
|
|
|
|
|
|
|
Money market funds |
$ |
180,021 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
180,021 |
|
Commercial paper |
35,881 |
|
|
— |
|
|
— |
|
|
35,881 |
|
Corporate debt securities |
79,760 |
|
|
8 |
|
|
(347 |
) |
|
79,421 |
|
U.S. government and government agency debt securities |
17,198 |
|
|
— |
|
|
(2 |
) |
|
17,196 |
|
Total cash equivalents and marketable securities |
$ |
312,860 |
|
|
$ |
8 |
|
|
$ |
(349 |
) |
|
$ |
312,519 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2016 |
|
Adjusted
Cost
|
|
Unrealized
Gains
|
|
Unrealized
Losses
|
|
Fair
Value
|
|
(in thousands) |
Cash equivalents and marketable securities |
|
|
|
|
|
|
|
Money market funds |
$ |
55,752 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
55,752 |
|
Corporate debt securities |
43,413 |
|
|
3 |
|
|
(55 |
) |
|
43,361 |
|
Total cash equivalents and marketable securities |
$ |
99,165 |
|
|
$ |
3 |
|
|
$ |
(55 |
) |
|
$ |
99,113 |
|
|
| Schedule of available-for-sale investments by contractual maturity date |
The following tables present available-for-sale investments by contractual maturity date as of December 31, 2015 and 2016:
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|
|
|
|
|
|
|
|
As of December 31, 2015 |
|
Adjusted
Cost
|
|
Fair Value |
|
(in thousands) |
Due in one year or less |
$ |
266,205 |
|
|
$ |
266,150 |
|
Due after one year through three years |
46,655 |
|
|
46,369 |
|
Total |
$ |
312,860 |
|
|
$ |
312,519 |
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2016 |
|
Adjusted
Cost
|
|
Fair Value |
|
(in thousands) |
Due in one year or less |
$ |
92,914 |
|
|
$ |
92,861 |
|
Due after one year through three years |
6,251 |
|
|
6,252 |
|
Total |
$ |
99,165 |
|
|
$ |
99,113 |
|
|
| Summary of available-for-sale securities' fair value and gross unrealized losses |
The following tables summarize 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, 2015 and 2016:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2015 |
|
Twelve Months or Less |
|
More than Twelve Months |
|
Total |
|
Fair
Value |
|
Gross Unrealized Losses |
|
Fair
Value |
|
Gross Unrealized Losses |
|
Fair
Value |
|
Gross Unrealized Losses |
|
(in thousands) |
Corporate debt securities |
$ |
64,804 |
|
|
$ |
(293 |
) |
|
$ |
8,531 |
|
|
$ |
(54 |
) |
|
$ |
73,335 |
|
|
$ |
(347 |
) |
U.S. government and government agency debt securities |
16,241 |
|
|
(2 |
) |
|
— |
|
|
— |
|
|
16,241 |
|
|
(2 |
) |
Total |
$ |
81,045 |
|
|
$ |
(295 |
) |
|
$ |
8,531 |
|
|
$ |
(54 |
) |
|
$ |
89,576 |
|
|
$ |
(349 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2016 |
|
Twelve Months or Less |
|
More than Twelve Months |
|
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 |
) |
|
| Schedule of accounts receivable, net |
Accounts receivable, net consisted of the following as of December 31, 2015 and 2016:
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|
|
|
|
|
|
|
|
|
As of December 31, |
|
2015 |
|
2016 |
|
(in thousands) |
Accounts receivable, net |
|
|
|
Accounts receivable |
$ |
279,240 |
|
|
$ |
312,900 |
|
Allowance for doubtful accounts |
(2,165 |
) |
|
(3,633 |
) |
Total accounts receivable, net |
$ |
277,075 |
|
|
$ |
309,267 |
|
|
| 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, 2014, 2015 and 2016:
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|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for Doubtful Accounts |
Balance at Beginning of Period |
|
Additions |
|
Write-offs, Net of Recoveries |
|
Balance at End of Period |
|
(in thousands) |
For the year ended December 31, 2014 |
$ |
1,272 |
|
|
1,064 |
|
|
(1,118 |
) |
|
$ |
1,218 |
|
For the year ended December 31, 2015 |
$ |
1,218 |
|
|
2,085 |
|
|
(1,138 |
) |
|
$ |
2,165 |
|
For the year ended December 31, 2016 |
$ |
2,165 |
|
|
3,508 |
|
|
(2,040 |
) |
|
$ |
3,633 |
|
|
| Schedule of prepaid and other current assets |
Prepaid and other current assets consisted of the following as of December 31, 2015 and 2016:
|
|
|
|
|
|
|
|
|
|
As of December 31, |
|
2015 |
|
2016 |
|
(in thousands) |
Prepaid and other current assets |
|
|
|
|
|
Other current assets |
$ |
15,821 |
|
|
$ |
13,858 |
|
Prepaid expenses |
13,908 |
|
|
13,533 |
|
Ticketing contract advances—short term, net |
4,092 |
|
|
5,800 |
|
Total prepaid and other current assets |
$ |
33,821 |
|
|
$ |
33,191 |
|
|
| Schedule of other long-term assets |
Other long-term assets consisted of the following as of December 31, 2015 and 2016:
|
|
|
|
|
|
|
|
|
|
As of December 31, |
|
2015 |
|
2016 |
|
(in thousands) |
Other long-term assets |
|
|
|
|
|
Ticketing contract advances—long-term |
$ |
9,824 |
|
|
$ |
15,395 |
|
Long-term security deposits |
9,039 |
|
|
9,090 |
|
Other |
10,929 |
|
|
7,048 |
|
Total other long-term assets |
$ |
29,792 |
|
|
$ |
31,533 |
|
|
| Schedule of property and equipment, net |
Property and equipment, net consisted of the following as of December 31, 2015 and 2016:
|
|
|
|
|
|
|
|
|
|
As of December 31, |
|
2015 |
|
2016 |
|
(in thousands) |
Property and equipment, net |
|
|
|
Servers, computers and other related equipment |
$ |
57,309 |
|
|
$ |
85,541 |
|
Leasehold improvements |
35,947 |
|
|
63,519 |
|
Office furniture and equipment |
5,470 |
|
|
9,037 |
|
Construction in progress |
12,550 |
|
|
20,393 |
|
Software developed for internal use |
10,239 |
|
|
34,983 |
|
Total property and equipment |
$ |
121,515 |
|
|
$ |
213,473 |
|
Less accumulated depreciation and amortization |
(55,145 |
) |
|
(89,385 |
) |
Total property and equipment, net |
$ |
66,370 |
|
|
$ |
124,088 |
|
|
| Schedule of other current liabilities |
Other current liabilities consisted of the following as of December 31, 2015 and 2016:
|
|
|
|
|
|
|
|
|
|
As of December 31, |
|
2015 |
|
2016 |
|
(in thousands) |
Other current liabilities |
|
|
|
Ticketing amounts due to clients |
$ |
13,104 |
|
|
$ |
20,666 |
|
Other |
2,528 |
|
|
327 |
|
Total other current liabilities |
$ |
15,632 |
|
|
$ |
20,993 |
|
|
| Schedule of other long-term liabilities |
Other long-term liabilities consisted of the following as of December 31, 2015 and 2016:
|
|
|
|
|
|
|
|
|
|
As of December 31, |
|
2015 |
|
2016 |
|
(in thousands) |
Other long-term liabilities |
|
|
|
Long-term deferred rent |
$ |
23,662 |
|
|
$ |
24,245 |
|
Other |
7,200 |
|
|
9,942 |
|
Total other long-term liabilities |
$ |
30,862 |
|
|
$ |
34,187 |
|
|