XML 21 R18.htm IDEA: XBRL DOCUMENT

Related-Party Transactions

9 Months Ended

Sep. 30, 2019

10.	Related Party Transactions

The Company purchased certain advertising-related and other services in the amount of $32.8 million during the nine months ended September 30, 2019 and $23.5 million and $65.2 million during the three and nine months ended September 30, 2018, respectively, from a company that is affiliated with a significant stockholder of the Company, which was recorded to cost of revenue and sales and marketing expenses in the condensed consolidated statements of operations based on the nature of the services. This entity ceased to be a related party in April 2019.

The Company had a vehicle rental partnership agreement with a company that was affiliated with a significant stockholder of the Company. During the nine months ended September 30, 2018, the Company paid to this related party $0.3 million in excess of the rental fees collected by the Company from drivers on behalf of this partner, which were recorded as a reduction to revenue in the condensed consolidated statements of operations. The Company did not receive any material reimbursements for marketing fees from the partner during the nine months ended September 30, 2018. This vehicle rental partnership ended in March 2018.

The Company purchased certain marketing services in the amount of $0.3 million and $1.6 million during the three and nine months ended September 30, 2019, respectively, and $0.9 million and $2.8 million during the three and nine months ended September 30, 2018, respectively, from two companies owned by a significant stockholder of the Company.

As of September 30, 2019 and December 31, 2018, approximately $2.2 million and $9.2 million, respectively, were due to these related parties, which were included in accounts payable and accrued and other current liabilities on the condensed consolidated balance sheets. As of September 30, 2019 and December 31, 2018, approximately $0 and $0.2 million, respectively, were due from these related parties, which were included in prepaid expenses and other current assets on the condensed consolidated balance sheets.

The Company recorded revenue of $0.1 million and $1.4 million during the three and nine months ended September 30, 2019, respectively, and $0.5 million and $1.3 million during the three and nine months ended September 30, 2018, respectively, from related parties in the condensed consolidated statements of operations.