OTHER CONSOLIDATED BALANCE SHEET COMPONENTS (CURRENT)

12 Months Ended

Dec. 31, 2017

Organization, Consolidation and Presentation of Financial Statements [Abstract]

OTHER CONSOLIDATED BALANCE SHEET COMPONENTS (CURRENT)

Other Current Assets

The following table presents the detail of other current assets (in thousands):



	December 31, 2017		December 31, 2016
Inventory, net	$	16,777	$	13,724
Processing costs receivable	21,083		10,049
Prepaid expenses	14,473		7,365
Accounts receivable, net	8,606		6,191
Deferred hardware costs	7,931		4,546
Deferred magstripe reader costs	2,469		3,911
Merchant cash advance receivable, net	125		4,212
Other	14,990		10,545
Total	$	86,454	$	60,543

Accrued Expenses

The following table presents the detail of accrued expenses (in thousands):



	December 31, 2017		December 31, 2016
Accrued payroll	$	9,103	$	5,799
Accrued professional fees	5,638		5,788
Accrued advertising and other marketing	6,723		5,008
Processing costs payable	10,145		10,871
Accrued non income tax liabilities	6,155		3,562
Accrued hardware costs	2,496		3,148
Other accrued liabilities	$	12,020	$	5,367
Total	$	52,280	$	39,543

Other Current Liabilities

The following table presents the detail of other current liabilities (in thousands):



	December 31, 2017		December 31, 2016
Square Capital payable (i)	$	7,671	$	4,907
Square Payroll payable (ii)	2,850		4,769
Deferred revenue	5,893		5,407
Current portion of deferred rent	3,311		2,862
Accrued redemptions	1,036		1,628
Other	7,606		2,899
Total	$	28,367	$	22,472

⁽ⁱ⁾Square Capital payable represents unpaid amounts arising from the purchase of loans or loan repayments collected on behalf of third parties.

⁽ⁱⁱ⁾Square Payroll payable represents amounts received from Square Payroll product customers that will be utilized to settle the customers employee payroll and related obligations.

OTHER CONSOLIDATED BALANCE SHEET COMPONENTS (NON-CURRENT)

Other Non-Current Assets

The following table presents the detail of other non-current assets (in thousands):



	December 31, 2017		December 31, 2016
Investment in privately held entity (i)	$	25,000	$	—
Deposits	2,738		1,775
Debt issuance costs	788		1,063
Deferred tax assets	519		306
Other	2,305		50
Total	$	31,350	$	3,194

⁽ⁱ⁾ In August, 2017, the Company invested $25.0 million in Eventbrite, a leader in event technology providing a platform that facilitates ticket sales, as well as promotion and management of events. In conjunction with the investment, the Company entered into an agreement with Eventbrite specifying terms under which the Company would provide payment processing services to Eventbrite and its customers for a five year term in the countries in which the Company operates. This agreement is subject to automatic one year renewals thereafter unless terminated by either party. Eventbrite and the Company have a common member on their respective boards of directors. The Company has not estimated the fair value of the investment as it has determined that it is not practicable to determine such fair value, and there are no identified events or changes in circumstances that may have a significant adverse effect on the fair value.

Other Non-Current Liabilities

The following table presents the detail of other non-current liabilities (in thousands):



	December 31, 2017		December 31, 2016
Statutory liabilities (ii)	$	40,768	$	29,497
Deferred rent	20,349		23,119
Deferred tax liabilities	644		476
Other	7,777		4,653
Total	$	69,538	$	57,745

⁽ⁱⁱ⁾Statutory liabilities represent loss contingencies that may arise from the Company's interpretation and application of certain guidelines and rules issued by various federal, state, local, and foreign regulatory authorities.