EFTA01377672.pdf

S-I/A Nine Months Ended Year Ended December 31, September 30, 2014 2013 On thousands) (unaudited) Consolidated Statement of Operations Data: Revenue: Transaction revenue 5193.978 433.737 707.799 501.468 751.929 Starbucks transaction revenue 9.471 114,456 123.024 86,508 95.199 Software and data product revenue 12,046 6,022 35,628 Hardware revenue 4.240 7.323 5,300 10.002 Total net revenue 203,449 552,433 850.192 599,298 892,758 Cost of revenue: Transaction costs 126.351 277.833 450.858 318.501 479.937 Starbucks transaction costs 12.547 139.803 150.955 107,889 118.542 Software and data product costs 2,973 1,032 13,820 Hardware costs 6.012 18,330 13,527 16,636 Amortization of acquired technology 1.002 602 2,886 Total cost of revenue 138.898 423,648 624.118 441,551 631.821 Gross profit 64.551 128.785 226.074 157.747 260.937 Operating expenses: Product development 46.568 82.864 144,637 104.967 140,452 Sales and marketing 56.648 64.162 112577 81,704 107,170 General and administrative 36,184 68.942 94.220 68,585 97.743 Transaction and advance losses 10.512 15.329 24.081 17.826 40.840 Amortization of acquired customer assets 1,050 591 1.373 Impairment of intangible assets 2.430 Total operating expenses 149.912 233.727 376.565 273.673 387.578 Operating loss (85.361) (104,942) (150,491) (115,926) (126,641) Interest (income) and expense 5 (12) 1,058 615 995 Other (income) and expense (167) (950) 1,104 737 1,390 Loss before income tax (85,199) (103.980) (152,653) (117,278) (129,026) Provision (benefit) for income taxes 513 1.440 (257) 2.502 Net loss (85.199) 5(104.493) 5(154.093) 5(117.021) 5(131.528) Operating expenses include share-based compensation expense as follows: Nine Months Ended Year Ended December 31, September 30, 2012 2013 2014 2014 2015 (in thousands) (unaudited) Product development $3,984 $ 8,820 $24,758 $16,907 $33,287 Sales and marketing 668 1,235 3,738 2.553 4,524 General and administrative 3,462 4,603 7,604 5,193 11,675 Total share-based compensation 58,114 $14,658 $36,100 $24,653 $49,486 61 'fable of Contentl Year Ended December 31, As of September 30, 2013 2014 2015 (in thousands) (unaudited) Consolidated Balance Sheet Data: Cash and cash equivalents S 166.176 $ 225.300 $ 174,083 Settlements receivable 64,968 115,481 156.188 Working capital 124,061 218,761 107,247 Total assets 318,341 541,888 597,946 Customers payable 95,794 148,648 238.085 Total stockholders' equity 162,294 273,672 236.462 http://www.sec.gov/A rehivestedgaddata/1512673ANS11193125 I 5369092/d937622dsla.htm[11/6/2015 7:37:12 AM! CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0074823 CONFIDENTIAL SDNY_GM_00221007 EFTA01377672