Consolidated Balance Sheets UNAUDITED In thousands, except share and per share data Assets Mar 31, 2018 Dec 31, 2017 Current assets: Cash and cash equivalents $ 738,586 $ 696,474 Short-term investments 200,048 169,576 Restricted cash 27,688 28,805 Settlements receivable 700,646 620,523 Customer funds 152,661 103,042 Loans held for sale 78,821 73,420 Other current assets 91,933 86,454 Total current assets 1,990,383 1,778,294 Property and equipment, net 98,170 91,496 Goodwill 58,327 58,327 Acquired intangible assets, net 14,138 14,334 Long-term investments 176,672 203,667 Restricted cash 9,802 9,802 Other non-current assets 32,120 31,350 Total assets $ 2,379,612 $ 2,187,270 Liabilities and Stockholders’ Equity Current liabilities: Accounts payable $ 19,556 $ 16,763 Customers payable 881,754 733,736 Settlements payable 116,902 114,788 Accrued transaction losses 28,309 26,893 Accrued expenses 57,997 52,280 Other current liabilities 27,214 28,367 Total current liabilities 1,131,732 972,827 Long-term debt 362,965 358,572 Other non-current liabilities 74,935 69,538 Total liabilities 1,569,632 1,400,937 Commitments and contingencies Stockholders’ equity: Preferred stock, $0.0000001 par value: 100,000,000 shares authorized at March 31, 2018 and December 31, 2017. None issued and outstanding at March 31, 2018 and December 31, 2017. — — Class A common stock, $0.0000001 par value: 1,000,000,000 shares authorized at March 31, 2018 and December 31, 2017; 287,921,742 and 280,400,813 issued and outstanding at March 31, 2018 and December 31, 2017, respectively. — — Class B common stock, $0.0000001 par value: 500,000,000 shares authorized at March 31, 2018 and December 31, 2017; 112,462,337 and 114,793,262 issued and outstanding at March 31, 2018 and December 31, 2017, respectively. — — Additional paid-in capital 1,682,581 1,630,386 Accumulated deficit (871,307) (842,735) Accumulated other comprehensive loss (1,294) (1,318) Total stockholders’ equity 809,980 786,333 Total liabilities and stockholders’ equity $ 2,379,612 $ 2,187,270 16