Question: Analyzing the highlighted sections in the graphics below perform a financial analysis using horizontal/vertical/trend analysis and impact of seasonality? Consolidated Balance Sheets - USD ($)
Analyzing the highlighted sections in the graphics below perform a financial analysis using horizontal/vertical/trend analysis and impact of seasonality?
| Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 | 31-Dec-21 | 31-Dec-20 | |
| CURRENT ASSETS: | |||||
| Cash and cash equivalents | $ 455,397 | $ 93,641 | 57% | 26% | |
| Accounts receivable, net of allowances | 192,814 | 165,449 | 24% | 46% | |
| Prepaid expenses and other current assets | 27,873 | 18,326 | 4% | 5% | |
| Total current assets | 676,084 | 277,416 | 85% | 78% | |
| Property, equipment and capitalized software, net | 28,008 | 24,756 | 4% | 7% | |
| Intangible assets, net | 5,719 | 9,812 | 1% | 3% | |
| Goodwill | 32,881 | 32,881 | 4% | 9% | |
| Deferred tax assets | 32,867 | 2,802 | 4% | 1% | |
| Other assets | 20,331 | 8,819 | 3% | 2% | |
| TOTAL ASSETS | 795,890 | 356,486 | 100% | 100% | |
| CURRENT LIABILITIES: | |||||
| Accounts payable | 160,790 | 118,491 | 20% | 33% | |
| Accrued compensation and benefits | 23,331 | 23,000 | 3% | 6% | |
| Accrued and other current liabilities | 99,590 | 109,747 | 13% | 31% | |
| Deferred revenue | 4,784 | 5,512 | 1% | 2% | |
| Total current liabilities | 288,495 | 256,750 | 36% | 72% | |
| Long-term debt | 236,000 | 0 | 30% | 0% | |
| Other liabilities | 14,620 | 17,105 | 2% | 5% | |
| TOTAL LIABILITIES | 539,115 | 273,855 | 68% | 77% |
| Consolidated Statements of Operations - USD ($) $ in Thousands | 12 Months Ended | ||||||
| Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec 31 2021 | Dec 31 2020 | Dec 31 2019 | ||
| Income Statement [Abstract] | |||||||
| Revenue | $ 1,015,630 | $ 767,142 | $ 687,333 | 100% | 100% | 100% | |
| Traffic acquisition costs | 743,579 | 572,802 | 517,000 | 73% | 75% | 75% | |
| Other cost of revenue | 31,791 | 29,278 | 28,548 | 3% | 4% | 4% | |
| Total cost of revenue | 775,370 | 602,080 | 545,548 | 76% | 78% | 79% | |
| Gross profit | 240,260 | 165,062 | 141,785 | 24% | 22% | 21% | |
| Operating expenses: | |||||||
| Research and development | 39,169 | 28,961 | 26,391 | 4% | 4% | 4% | |
| Sales and marketing | 95,786 | 77,570 | 78,941 | 9% | 10% | 11% | |
| General and administrative | 70,749 | 48,354 | 51,038 | 7% | 6% | 7% | |
| Total operating expenses | 205,704 | 154,885 | 156,370 | 20% | 20% | 23% | |
| Income (loss) from operations | 34,556 | 10,177 | (14,585) | 3% | 1% | -2% | |
| Other expense, net: | |||||||
| Charges related to exchange of senior notes upon IPO | (42,049) | 0 | 0 | -4% | 0% | 0% | |
| Interest expense | (3,964) | (832) | (601) | 0% | 0% | 0% | |
| Interest income and other (expense) income, net | (3,078) | (1,695) | 152 | 0% | 0% | 0% | |
| Total other expense, net | (49,091) | (2,527) | (449) | -5% | 0% | 0% | |
| (Loss) income before provision for income taxes | (14,535) | 7,650 | (15,034) | -1% | 1% | -2% | |
| (Benefit) provision for income taxes | (25,530) | 3,293 | 5,480 | -3% | 0% | 1% | |
| Net income (loss) | $ 10,995 | $ 4,357 | $ (20,514) | 1% | 1% | -3% | |
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