Segment and Geographic Information |
Note 6—Segment and Geographic Information The Company has determined it has two operating segments, which qualify for aggregation as one reportable segment, for purposes of allocating resources and evaluating financial performance. Revenue by country is based on the billing address of the seller. The following table summarizes revenue, (loss) income before income taxes, and net income (loss) by geographic area for the periods presented (in thousands): | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2019 | | 2018 | | 2019 | | 2018 | United States | $ | 133,677 |
| | $ | 103,514 |
| | $ | 366,611 |
| | $ | 285,242 |
| International | 64,270 |
| | 46,852 |
| | 181,770 |
| | 118,423 |
| Revenue | $ | 197,947 |
| | $ | 150,366 |
| | $ | 548,381 |
| | $ | 403,665 |
| | | | | | | | | United States (1) (2) | $ | (1,190 | ) | | $ | (5,242 | ) | | $ | (8,092 | ) | | $ | 510 |
| International | 11,279 |
| | 19,838 |
| | 65,987 |
| | 31,692 |
| (Loss) income before income taxes | $ | 10,089 |
| | $ | 14,596 |
| | $ | 57,895 |
| | $ | 32,202 |
| | | | | | | | | United States (2) | $ | 3,024 |
| | $ | (236 | ) | | $ | 5,570 |
| | $ | 5,271 |
| International | 11,777 |
| | 20,130 |
| | 59,033 |
| | 30,969 |
| Net income (loss) | $ | 14,801 |
| | $ | 19,894 |
| | $ | 64,603 |
| | $ | 36,240 |
|
| | (1) | The United States loss before income taxes in the three and nine months ended September 30, 2019 was primarily driven by a majority of operating expenses being incurred in the United States. |
| | (2) | The United States loss before income taxes and net loss in the three months ended September 30, 2018 was primarily driven by non-cash interest expense related to the amortization of debt discount and transaction costs in connection with the convertible debt issued in the first quarter of 2018 and interest associated with the build-to-suit lease accounting related to the Company’s corporate headquarters. As part of the adoption of ASU 2016-02—Leases in the first quarter of 2019, the Company now accounts for its headquarters as a financing lease. |
No individual country’s revenue other than the United States exceeded 10% of total revenue for the periods presented. All significant long-lived assets are located in the United States.
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