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Revenue
12 Months Ended
Dec. 31, 2022
Revenue from Contract with Customer [Abstract]  
Revenue

Note 3. Revenue

The Company’s revenue disaggregated by geographic region is as follows (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

Geographic region:

 

 

 

 

 

 

 

 

 

United States

 

$

620,942

 

 

$

787,083

 

 

$

786,186

 

Rest of world1

 

 

71,257

 

 

 

86,562

 

 

 

77,396

 

Total revenue

 

$

692,199

 

 

$

873,645

 

 

$

863,582

 

1 Consists of Canada, United Kingdom and France. No single country accounted for more than 10% of the Company’s total revenue.

Deferred Revenue

Deferred revenue is recorded for nonrefundable cash payments received for the Company’s performance obligation to transfer, or stand ready to transfer, goods or services in the future. Deferred revenue consists of subscription fees billed that have not been recognized and physical products sold that have not yet been delivered. During the year ended December 31, 2022, the Company recognized $106.5 million of revenue that was included in the deferred revenue balance as of December 31, 2021. During the year ended December 31, 2021, the Company recognized $93.3 million of revenue that was included in the deferred revenue balance as of December 31, 2020. During the year ended December 31, 2020, the Company recognized $67.7 million of revenue that was included in the deferred revenue balance as of December 31, 2019.