Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2018	May 03, 2018
Document Information [Line Items]
Entity Registrant Name	GoDaddy Inc.
Entity Central Index Key	0001609711
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2018
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	Q1
Amendment Flag	false
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		148,775,280
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		22,058,628

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 710.7	$ 582.7
Short-term investments	18.8	12.3
Accounts and other receivables	24.0	18.4
Registry deposits	41.2	34.7
Prepaid domain name registry fees	365.9	351.5
Prepaid expenses and other current assets	60.7	59.9
Total current assets	1,221.3	1,059.5
Property and equipment, net	295.3	297.9
Prepaid domain name registry fees, net of current portion	184.9	180.8
Goodwill	2,898.3	2,859.9
Intangible assets, net	1,317.4	1,326.0
Other assets	13.8	14.2
Total assets	5,931.0	5,738.3
Current liabilities:
Accounts payable	57.9	59.6
Accrued expenses and other current liabilities	492.3	469.6
Deferred revenue	1,345.6	1,264.8
Long-term debt	16.7	16.7
Total current liabilities	1,912.5	1,810.7
Deferred revenue, net of current portion	622.9	596.8
Long-term debt, net of current portion	2,406.6	2,410.8
Payable to related parties pursuant to tax receivable agreements	167.6	153.0
Other long-term liabilities	78.1	75.0
Deferred tax liabilities	147.0	145.5
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.001 par value - 50,000 shares authorized; none issued and outstanding	0.0	0.0
Additional paid-in capital	537.6	484.4
Retained earnings	91.0	87.7
Accumulated other comprehensive loss	(80.4)	(85.7)
Total stockholders' equity attributable to GoDaddy Inc.	548.3	486.5
Non-controlling interests	48.0	60.0
Total stockholders' equity	596.3	546.5
Total liabilities and stockholders' equity	5,931.0	5,738.3
Class A Common Stock
Stockholders' equity:
Common stock	0.1	0.1
Class B Common Stock
Stockholders' equity:
Common stock	$ 0.0	$ 0.0

Condensed Consolidated Balance Sheets (Unaudited) Parenthetical - $ / shares	Mar. 31, 2018	Dec. 31, 2017
Preferred stock par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock shares authorized (in shares)	50,000,000	50,000,000
Preferred stock shares issued (in shares)	0	0
Preferred stock outstanding (in shares)	0	0
Common stock outstanding (in shares)	170,440,000	167,999,000
Class A Common Stock
Par value (in dollars per share)	$ 0.001	$ 0.001
Common stock shares authorized (in shares)	1,000,000,000	1,000,000,000
Common stock shares issued (in shares)	148,359,000	132,993,000
Common stock outstanding (in shares)	148,359,000	132,993,000
Class B Common Stock
Par value (in dollars per share)	$ 0.001	$ 0.001
Common stock shares authorized (in shares)	500,000,000	500,000,000
Common stock shares issued (in shares)	22,081,000	35,006,000
Common stock outstanding (in shares)	22,081,000	35,006,000

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Millions

3 Months Ended

Mar. 31, 2018

Mar. 31, 2017

Revenue:

Revenue

$ 633.2

$ 489.7

Costs and operating expenses

Cost of revenue (excluding depreciation and amortization)

^[1]

215.3

176.8

Technology and development

^[1]

102.0

80.2

Marketing and advertising

^[1]

74.5

67.4

Customer care

^[1]

80.4

67.0

General and administrative

^[1]

76.4

61.0

Depreciation and amortization

^[1]

57.8

31.6

Total costs and operating expenses

^[1]

606.4

484.0

Operating income

26.8

5.7

Interest expense

(23.8)

(12.8)

Tax receivable agreements liability adjustment

(0.1)

5.0

Loss on debt extinguishment

0.0

(1.7)

Other income (expense), net

1.0

1.7

Income (loss) before income taxes

3.9

(2.1)

Benefit (provision) for income taxes

0.3

(1.0)

Net income (loss)

4.2

(3.1)

Less: net income (loss) attributable to non-controlling interests

0.9

(3.7)

Net income attributable to GoDaddy Inc.

3.3

0.6

Domains

Revenue:

Revenue

291.7

240.8

Hosting and presence

Revenue:

Revenue

239.8

178.3

Business applications

Revenue:

Revenue

$ 101.7

$ 70.6

Class A Common Stock

Net income attributable to GoDaddy Inc. per share of Class A common stock:

Basic (in USD per share)

$ 0.02

$ 0.01

Diluted (in USD per share)

$ 0.02

$ 0.01

Weighted-average shares of Class A common stock outstanding:

Basic (in shares)

137,841

89,600

Diluted (in shares)

178,787

100,242

Technology and development

Weighted-average shares of Class A common stock outstanding:

Equity-based compensation expense

$ 13.7

$ 8.4

Marketing and advertising

Weighted-average shares of Class A common stock outstanding:

Equity-based compensation expense

2.9

1.7

Customer care

Weighted-average shares of Class A common stock outstanding:

Equity-based compensation expense

1.2

0.4

General and administrative

Weighted-average shares of Class A common stock outstanding:

Equity-based compensation expense

$ 13.7

$ 5.9

[1]	(1) Costs and operating expenses include equity-based compensation expense as follows:Technology and development$13.7 $8.4Marketing and advertising2.9 1.7Customer care1.2 0.4General and administrative13.7 5.9

Condensed Consolidated Statements of Operations (Unaudited) Parenthetical - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Technology and development
Equity-based compensation expense	$ 13.7	$ 8.4
Marketing and advertising
Equity-based compensation expense	2.9	1.7
Customer care
Equity-based compensation expense	1.2	0.4
General and administrative
Equity-based compensation expense	$ 13.7	$ 5.9

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Statement of Comprehensive Income [Abstract]
Net income	$ 4.2	$ (3.1)
Foreign exchange forward contracts gain (loss), net	(0.7)	(2.0)
Unrealized swap gain (loss), net	3.0	0.0
Change in foreign currency translation adjustment	5.6	0.0
Comprehensive income (loss)	12.1	(5.1)
Less: comprehensive income attributable to non-controlling interests	3.5	0.0
Comprehensive income (loss) attributable to GoDaddy Inc.	$ 8.6	$ (5.1)

Condensed Consolidated Statement of Stockholders' Equity (Unaudited) Statement - USD ($) shares in Thousands, $ in Millions	Total	Class A Common Stock	Class B Common Stock	Common Stock Class A Common Stock	Common Stock Class B Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income	Non- Controlling Interest
Net income	$ (3.1)
Change in foreign currency translation adjustment	$ 0.0
Common stock outstanding (in shares) at Dec. 31, 2017	167,999	132,993	35,006	132,993	35,006
Equity at beginning of period at Dec. 31, 2017	$ 546.5			$ 0.1	$ 0.0	$ 484.4	$ 87.7	$ (85.7)	$ 60.0
Net income	4.2						3.3		0.9
Equity-based compensation expense	31.5					31.5
Stock option exercises (in shares)				1,632
Stock option exercises	20.7					24.4			(3.7)
Effect of exchanges of LLC Units (in shares)				12,925	(12,925)
Effect of exchanges of LLC Units						11.8			(11.8)
Liability pursuant to the tax receivable agreements resulting from exchanges of LLC Units	(14.5)					(14.5)
Gain (loss) on swaps and foreign currency hedging, net	2.3							2.3
Change in foreign currency translation adjustment	$ 5.6							5.6
Accumulated other comprehensive income (loss) attributable to non-controlling interests								(2.6)	2.6
Vesting of restricted stock units and other (in shares)				809
Common stock outstanding (in shares) at Mar. 31, 2018	170,440	148,359	22,081	148,359	22,081
Equity at end of period at Mar. 31, 2018	$ 596.3			$ 0.1	$ 0.0	$ 537.6	$ 91.0	$ (80.4)	$ 48.0

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions

3 Months Ended

Mar. 31, 2018

Mar. 31, 2017

Operating activities

Net income

$ 4.2

$ (3.1)

Adjustments to reconcile net income (loss) to net cash provided by operating activities:

Depreciation and amortization

^[1]

57.8

31.6

Equity-based compensation

31.5

16.4

Other

1.9

2.7

Changes in operating assets and liabilities, net of amounts acquired:

Registry deposits

(6.4)

1.9

Prepaid domain name registry fees

(17.4)

(22.8)

Accrued expenses and other current liabilities

(16.8)

(1.4)

Deferred revenue

103.1

94.7

Other operating assets and liabilities

(9.5)

6.6

Net cash provided by operating activities

148.4

126.6

Investing activities

Purchases of short-term investments

(6.9)

(6.4)

Maturities of short-term investments

0.4

0.6

Business acquisitions, net of cash acquired

(6.6)

(4.0)

Payment of PlusServer sales price adjustment

(4.3)

0.0

Purchases of property and equipment

(16.1)

(19.8)

Net cash used in investing activities

(33.5)

(29.6)

Proceeds received from:

Stock option exercises

20.7

13.9

Payments made for:

Financing-related costs

0.0

(9.1)

Distributions to holders of LLC Units

0.0

(7.0)

Repayment of term loans

(6.2)

0.0

Capital leases and other financing obligations

(2.6)

(2.7)

Net cash provided by (used in) financing activities

11.9

(4.9)

Effect of exchange rate changes on cash and cash equivalents

1.2

0.0

Net increase in cash and cash equivalents

128.0

92.1

Cash and cash equivalents, beginning of period

582.7

566.1

Cash and cash equivalents, end of period

710.7

658.2

Supplemental cash flow information:

Interest on long-term debt, net of swap benefit

20.5

8.8

Income taxes, net of refunds received

5.3

1.4

Supplemental information for non-cash investing and financing activities:

Fair value of contingent consideration in connection with business acquisitions

2.2

0.0

Accrued capital expenditures at period end

$ 10.5

$ 8.0

[1]	(1) Costs and operating expenses include equity-based compensation expense as follows:Technology and development$13.7 $8.4Marketing and advertising2.9 1.7Customer care1.2 0.4General and administrative13.7 5.9

Organization and Background

3 Months Ended

Mar. 31, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Organization and Background

Organization

We are the sole managing member of Desert Newco, and as a result, we consolidate its financial results and report non-controlling interests representing the economic interests held by its other members. Non-controlling interests excludes any net income (loss) attributable directly to GoDaddy Inc. We owned approximately 87% of Desert Newco's limited liability company units (LLC Units) as of March 31, 2018.

Basis of Presentation

Our financial statements have been prepared in accordance with generally accepted accounting principles in the United States (GAAP), and include our accounts and the accounts of our subsidiaries. All material intercompany accounts and transactions have been eliminated.

Our interim financial statements are unaudited, and in our opinion, include all adjustments of a normal recurring nature necessary for the fair presentation of the periods presented. The results for the interim periods are not necessarily indicative of the results to be expected for any subsequent period or for the year ending December 31, 2018.

These financial statements should be read in conjunction with our audited consolidated financial statements and related notes included in our Annual Report on Form 10-K for the year ended December 31, 2017 (the 2017 Form 10-K).

Use of Estimates

GAAP requires us to make estimates and assumptions affecting amounts reported in our financial statements. Our more significant estimates include:


•	the determination of the relative stand-alone selling price of the indicated performance obligations included in revenue arrangements with multiple performance obligations;


•	the fair value of assets acquired and liabilities assumed in business acquisitions;


•	the assessment of recoverability of long-lived assets, including property and equipment, goodwill and intangible assets;


•	the estimated reserve for refunds;


•	the estimated useful lives of intangible and depreciable assets;


•	the grant date fair value of equity-based awards;


•	the fair value of financial instruments;


•	the recognition, measurement and valuation of current and deferred income taxes;


•	the recognition and measurement of amounts payable under TRAs or as tax distributions to Desert Newco's owners; and


•	the recognition and measurement of loss contingencies, indirect tax liabilities and certain accrued liabilities.

We periodically evaluate these estimates and adjust prospectively, if necessary. We believe our estimates and assumptions are reasonable; however, actual results may differ from our estimates.

Segment and Reporting Unit

As of March 31, 2018, our chief operating decision maker function was comprised of our Chief Executive Officer who reviews financial information presented on a consolidated basis for purposes of allocating resources and evaluating financial performance for the entire company. Accordingly, we have a single operating segment and reporting unit.

Summary of Significant Accounting Policies

3 Months Ended

Mar. 31, 2018

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Revenue Recognition

Adoption of New Standard on Revenue from Contracts with Customers

On January 1, 2018, we adopted the Financial Accounting Standards Board's (FASB) new revenue recognition standard using the modified retrospective method applied to those contracts not completed as of January 1, 2018. Results for reporting periods beginning after January 1, 2018 are presented under the new standard, while prior period amounts were not adjusted and continue to be reported in accordance with our historic accounting.

The adoption of the new standard did not have a material impact to our financial statements.

Revenue Recognition

Revenue is recognized when control of the promised services is transferred to our customers, in an amount reflecting the consideration we expect to be entitled to in exchange for those services.

We typically receive payment at the time of sale, the purpose of which is to provide our customers with a simplified and predictable way of purchasing our services. We have determined that our contracts do not include a significant financing component. Payments received in advance of our performance are recorded as deferred revenue. Revenue is recognized net of allowances for returns and applicable transaction-based taxes collected from customers.

Our products are generally sold with a right of return within our policy, which are accounted for as variable consideration when estimating the amount of revenue to recognize. Refunds are estimated at contract inception using the expected value method based on historical refund experience and updated each reporting period as additional information becomes available and only to the extent it is probable a significant reversal of any incremental revenue will not occur. Refunds reduce deferred revenue at the time they are granted and resulted in a reduced amount of revenue recognized over the contract term of the applicable service compared to the amount originally expected.

Our revenue is categorized and disaggregated as reflected in our statements of operations, as follows:

Domains. Domains revenue primarily consists of domain registrations and renewals, domain privacy, domain application fees, domain back-orders, aftermarket domain sales and fee surcharges paid to ICANN. Domain registrations provide a customer with the exclusive use of a domain during the applicable contract term. After the contract term expires, unless renewed, the customer can no longer access the domain. Consideration is recorded as deferred revenue when received, which is typically at the time of sale, and revenue, other than for aftermarket domain sales, is recognized over the period in which the performance obligations are satisfied, which is generally over the contract term. Aftermarket domain revenue is recognized when ownership of the domain is transferred to the buyer.

Hosting and presence. Hosting and presence revenue primarily consists of website hosting products, website building products and services, website security products, an online shopping cart and online visibility products. Consideration is recorded as deferred revenue when received, which is typically at the time of sale, and revenue is recognized over the period in which the performance obligations are satisfied, which is generally over the contract term.

Business applications. Business applications revenue primarily consists of third-party productivity applications, email accounts and email marketing tools. Consideration is recorded as deferred revenue when received, which is typically at the time of sale, and revenue is recognized over the period in which the performance obligations are satisfied, which is generally over the contract term.

See Note 6 for additional information regarding our deferred revenue. See Note 14 for our revenue disaggregated by geography.

Arrangements with Multiple Performance Obligations

Our contracts with customers may include multiple performance obligations, which are generally capable of being distinct, including a combination of some or all of the following: domain registrations, website hosting products, website building products and services, website security products and other cloud-based products. For such arrangements, we allocate revenue to each distinct performance obligation based on its relative stand-alone selling price (SSP). We generally determine SSP based on prices charged to customers for individual products and services, taking into consideration factors including historical and expected discounting practices, the size, volume and term length of transactions, customer demographics, the geographic areas in which our products and services are sold and our overall go-to-market strategy.

Principal versus Agent Considerations

We sell our products and services directly to customers and also through a network of resellers. In certain cases, we act as a reseller of products provided by others. The determination of gross or net revenue recognition is reviewed on a product-by-product basis and is dependent on whether we act as principal or agent in the transaction. Revenue associated with sales through our network of resellers, for certain aftermarket domain sales and for third-party offerings is recorded on a gross basis as we have determined that we control the product before transferring it to end customers.

Assets Recognized from the Costs to Obtain a Contract with a Customer

We recognize an asset for the incremental costs of obtaining a contract with a customer if we expect to receive the benefit of those costs. Commissions paid to our resellers are capitalized and then expensed to cost of revenue consistent with the pattern of transfer of the service to which the asset relates.

Fair Value Measurements

The following tables set forth assets and liabilities measured at fair value on a recurring basis:



	March 31, 2018
	Level 1		Level 2		Level 3		Total
Assets:
Cash and cash equivalents:
Reverse repurchase agreements⁽¹⁾	$	—	$	145.0	$	—	$	145.0
Commercial paper	—		69.9		—		69.9
Short-term investments:
Certificates of deposit and time deposits	1.0		—		—		1.0
Commercial paper	—		17.8		—		17.8
Derivative assets	—		1.9		—		1.9
Total assets measured and recorded at fair value	$	1.0	$	234.6	$	—	$	235.6
Liabilities:
Contingent consideration liabilities	$	—	$	—	$	24.2	$	24.2
Derivative liabilities	—		246.3		—		246.3
Total liabilities measured and recorded at fair value	$	—	$	246.3	$	24.2	$	270.5


(1)	Reverse repurchase agreements include a $70.0 million repurchase agreement with Morgan Stanley, callable with 31 days notice, and a $75.0 million one-week repurchase agreement with Wells Fargo.



	December 31, 2017
	Level 1		Level 2		Level 3		Total
Assets:
Cash and cash equivalents:
Reverse repurchase agreements⁽¹⁾	$	—	$	130.0	$	—	$	130.0
Commercial paper	—		50.0		—		50.0
Short-term investments:
Certificates of deposit and time deposits	0.4		—		—		0.4
Commercial paper	—		11.9		—		11.9
Total assets measured and recorded at fair value	$	0.4	$	191.9	$	—	$	192.3
Liabilities:
Contingent consideration liabilities	$	—	$	—	$	20.7	$	20.7
Derivative liabilities	—		206.4		—		206.4
Total liabilities measured and recorded at fair value	$	—	$	206.4	$	20.7	$	227.1


(1)	Reverse repurchase agreements include a $70.0 million repurchase agreement with Morgan Stanley, callable with 31 days notice, and a $60.0 million one-week repurchase agreement with Wells Fargo.

No material adjustments were made to the fair values of our Level 3 contingent consideration liabilities during any of the periods presented. We have no other material assets or liabilities measured at fair value on a recurring basis.

Recent Accounting Pronouncements

In February 2016, the FASB issued new guidance related to accounting for leases. The new standard requires the recognition of assets and liabilities arising from lease transactions on the balance sheet and the disclosure of key information about leasing arrangements. For leases with a term of 12 months or less, a lessee can make an accounting policy election by class of underlying asset to not recognize an asset and corresponding liability. We will adopt the new standard on January 1, 2019. Lessees will be required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. While we continue to evaluate the effect of adopting this guidance, we expect our operating leases will be subject to the new guidance. We will recognize right-of-use assets and lease liabilities in our consolidated balance sheets upon adoption, which will increase our total assets and liabilities.

In June 2016, the FASB issued new guidance for the accounting for credit losses on instruments that will require entities to measure all expected credit losses for financial instruments held at the reporting date based on historical experience, current conditions and reasonable supportable forecasts. This replaces the existing incurred loss model and is applicable to the measurement of credit losses on financial instruments measured at amortized cost and also applies to some off-balance sheet credit exposures. The guidance is effective for annual and interim reporting periods beginning after December 15, 2019, with early adoption permitted. We are currently evaluating the timing of our adoption and the expected impact of this new guidance.

In November 2016, the FASB issued new guidance requiring amounts generally described as restricted cash and restricted cash equivalents to be included with cash and cash equivalents when reconciling the amounts shown on the statement of cash flows. Our adoption of this new guidance on January 1, 2018, did not have a material impact.

In January 2017, the FASB issued new guidance simplifying the goodwill impairment test, eliminating the requirement for an entity to determine the fair value of its assets and liabilities (including unrecognized assets and liabilities) at the impairment testing date following the procedure that would be required in determining the fair value of assets acquired and liabilities assumed in a business combination. Instead, an entity will be required to perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity will be required to recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit's fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to the reporting unit. The guidance is effective for annual and interim reporting periods beginning after December 15, 2019, with early adoption permitted. We are currently evaluating the timing of our adoption and the expected impact of this new guidance.

In May 2017, the FASB issued new guidance to amend the scope of modification accounting for share-based payment arrangements. The amendment provides guidance on the types of changes to the terms or conditions of share-based payment awards which would require an entity to apply modification accounting. Our adoption of this new guidance on January 1, 2018, did not have a material impact.

Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

The following table summarizes changes in our goodwill balance:



Balance at December 31, 2017	$	2,859.9
Goodwill related to acquisitions⁽¹⁾	4.8
Impact of foreign currency translation	33.6
Balance at March 31, 2018	$	2,898.3


(1)	Goodwill related to acquisitions includes measurement period adjustments related to acquisitions completed in 2017.

Intangible assets are as follows:



	March 31, 2018
	Gross Carrying Amount		Accumulated Amortization			Domains Sold			Net Carrying Amount
Indefinite-lived intangible assets:
Trade names and branding	$	445.0	n/a			n/a			$	445.0
Domain portfolio	171.0		n/a			$	(19.5	)	151.5
Finite-lived intangible assets:
Customer-related	886.2		$	(340.9	)	n/a			545.3
Developed technology	177.8		(80.7		)	n/a			97.1
Trade names	96.8		(18.3		)	n/a			78.5
	$	1,776.8	$	(439.9	)	$	(19.5	)	$	1,317.4



	December 31, 2017
	Gross Carrying Amount		Accumulated Amortization			Domains Sold			Net Carrying Amount
Indefinite-lived intangible assets:
Trade names and branding	$	445.0	n/a			n/a			$	445.0
Domain portfolio	171.0		n/a			$	(18.8	)	152.2
Finite-lived intangible assets:
Customer-related	868.0		$	(320.4	)	n/a			547.6
Developed technology	184.5		(82.2		)	n/a			102.3
Trade names	94.4		(15.5		)	n/a			78.9
	$	1,762.9	$	(418.1	)	$	(18.8	)	$	1,326.0

Customer-related intangible assets, developed technology and trade names have weighted-average useful lives from the date of purchase of 104 months, 73 months and 111 months, respectively. Amortization expense was $33.2 million and $13.9 million for the three months ended March 31, 2018 and 2017, respectively. The weighted-average remaining amortization period for amortizable intangible assets was 84 months as of March 31, 2018.

Based on the balance of finite-lived intangible assets at March 31, 2018, expected future amortization expense is as follows:



Year Ending December 31:
2018 (remainder of)	$	100.6
2019	114.8
2020	108.1
2021	85.5
2022	83.8
Thereafter	228.1
	$	720.9

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

Stockholders' Equity	3 Months Ended
Stockholders' Equity	Mar. 31, 2018
Equity [Abstract]
Stockholders' Equity	Stockholders’ Equity Secondary Offering In March 2018, we completed an underwritten public offering in which KKR, SLP and YAM sold an aggregate of 16,916 shares of our Class A common stock at a public offering price of $55.53 per share. We did not receive any proceeds from the shares sold by the selling stockholders. The offering included the exchange of 12,821 LLC Units (together with the corresponding shares of Class B common stock) for Class A common stock by the selling stockholders, which resulted in a $11.2 million increase in additional paid-in capital, with an offsetting reduction in non-controlling interests, and a $14.5 million increase to the liability under the TRAs as described in Note 12.

Equity-Based Compensation Plans

3 Months Ended

Mar. 31, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Equity-Based Compensation Plans

As of December 31, 2017, 16,024 shares of Class A common stock were available for issuance as future awards under the 2015 Equity Incentive Plan (the 2015 Plan). On January 1, 2018, an additional 6,720 shares were reserved for issuance pursuant to the automatic increase provisions of the 2015 Plan. As of March 31, 2018, 19,967 shares were available for issuance as future awards under the 2015 Plan.

As of December 31, 2017, 2,551 shares of Class A common stock were available for issuance under the 2015 Employee Stock Purchase Plan (the ESPP). On January 1, 2018, an additional 1,000 shares were reserved for issuance pursuant to the ESPP. As of March 31, 2018, 3,551 shares were available for issuance under the ESPP.

We grant options at exercise prices equal to the fair market value of our Class A common stock on the grant date. We grant both options and restricted stock units (RSUs) vesting solely upon the continued employment of the recipient as well as awards vesting upon the achievement of annual or cumulative financial-based targets. We recognize the grant date fair value of equity-based awards as compensation expense over the required service period of each award, taking into account the probability of our achievement of associated performance targets.

The following table summarizes our option activity:



	Number of Shares of Class A Common Stock (#)		Weighted- Average Grant- Date Fair Value ($)	Weighted- Average Exercise Price ($)
Outstanding at December 31, 2017	13,460			18.63
Granted	965		20.96	58.78
Exercised	(1,632	)		12.74
Forfeited	(91	)		25.25
Outstanding at March 31, 2018	12,702			22.39
Vested at March 31, 2018	7,345			13.71

The following table summarizes our RSU activity:



	Number of Shares of Class A Common Stock (#)		Weighted- Average Grant- Date Fair Value ($)
Outstanding at December 31, 2017	4,199
Granted	1,986		59.20
Vested	(809	)
Forfeited	(83	)
Outstanding at March 31, 2018	5,293

At March 31, 2018, total unrecognized compensation expense related to non-vested stock options and RSUs was $46.8 million and $161.0 million, respectively, with expected remaining weighted-average recognition periods of 2.3 years and 2.8 years, respectively. We currently believe the performance targets related to the vesting of performance awards will be achieved. If such targets are not achieved, or are subsequently determined to not be probable of being achieved, we will not recognize any compensation expense for performance awards not expected to vest, and will reverse any previously recognized expense on such awards.

Deferred Revenue

3 Months Ended

Mar. 31, 2018

Deferred Revenue Disclosure [Abstract]

Deferred Revenue

Deferred revenue consists of the following:



	March 31, 2018		December 31, 2017
Current:
Domains	$	676.4	$	638.5
Hosting and presence	470.1		444.7
Business applications	199.1		181.6
	$	1,345.6	$	1,264.8
Noncurrent:
Domains	$	355.0	$	341.3
Hosting and presence	188.9		183.2
Business applications	79.0		72.3
	$	622.9	$	596.8

The increase in the deferred revenue balance is primarily driven by payments received in advance of satisfying our performance obligations, offset by $457.0 million of revenue recognized during the three months ended March 31, 2018 that was included in the deferred revenue balance as of December 31, 2017. The deferred revenue balance as of March 31, 2018 represents our aggregate remaining performance obligations that will be recognized as revenue over the period in which the performance obligations are satisfied.

Deferred revenue as of March 31, 2018 is expected to be recognized as revenue as follows:



	Remainder of 2018		2019		2020		2021		2022		Thereafter		Total

Domains	$	583.9	$	244.9	$	87.5	$	48.6	$	27.9	$	38.6	$	1,031.4
Hosting and presence	411.7		160.5		58.9		15.0		7.3		5.6		659.0
Business applications	175.0		66.7		25.2		6.5		2.8		1.9		278.1
	$	1,170.6	$	472.1	$	171.6	$	70.1	$	38.0	$	46.1	$	1,968.5

Accrued Expenses and Other Current Liabilities

3 Months Ended

Mar. 31, 2018

Payables and Accruals [Abstract]

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following:



	March 31, 2018		December 31, 2017
Derivative liabilities	$	246.3	$	206.4
Accrued payroll and employee benefits	65.5		93.6
Tax-related accruals	53.0		55.5
Accrued acquisition-related expenses and acquisition consideration payable	28.7		32.9
PlusServer transaction tax and bonus accruals	23.6		28.1
Accrued marketing and advertising expenses	17.5		10.3
Current portion of capital lease obligation	5.0		4.8
Accrued other	52.7		38.0
	$	492.3	$	469.6

Long-Term Debt

3 Months Ended

Mar. 31, 2018

Debt Disclosure [Abstract]

Long-Term Debt

Long-term debt consisted of the following:



	March 31, 2018			December 31, 2017
Term Loans (effective interest rate of 4.2% at March 31, 2018 and 4.1% at December 31, 2017)	$	2,476.1		$	2,482.3
Revolving Credit Loan	—			—
Total	2,476.1			2,482.3
Less: unamortized original issue discount on long-term debt⁽¹⁾	(31.8		)	(33.0		)
Less: unamortized debt issuance costs⁽¹⁾	(21.0		)	(21.8		)
Less: current portion of long-term debt	(16.7		)	(16.7		)
	$	2,406.6		$	2,410.8


(1)	Original issue discount and debt issuance costs are amortized to interest expense over the life of the related debt instruments using the effective interest method.

Credit Facility

Our secured credit agreement (the Credit Facility) includes an aggregate of $2,497.5 million in seven-year term loans (the Term Loans) and a $200.0 million five-year revolving credit facility (the Revolving Credit Loan).

The Term Loans mature on February 15, 2024 and bear interest at a rate equal to, at our option, either (a) LIBOR plus 2.25% per annum or (b) 1.25% per annum plus the highest of (i) the Federal Funds Rate plus 0.5%, (ii) the Prime Rate or (iii) one-month LIBOR plus 1.0%. We are eligible for a 0.25% reduction in the interest rate margins upon improvement in our corporate credit rating. A portion of the Term Loans are hedged by an interest rate swap. See Note 9 for discussion of this hedging instrument.

The Revolving Credit Loan matures on February 15, 2022 and bears interest at a rate equal to, at our option, either (a) LIBOR plus a margin ranging from 2.00% to 2.50% per annum or (b) the higher of (i) the Federal Funds Rate plus 0.5%, (ii) the Prime Rate or (iii) the one-month LIBOR rate plus 1.0% plus a margin ranging from 1.00% to 1.50% per annum, with the margins determined based on our first lien net leverage ratio. The Revolving Credit Loan also contains a financial covenant requiring us to maintain a maximum net leverage ratio of 5.75:1.00 when our usage exceeds 35.0% of the maximum capacity. The net leverage ratio is calculated as the ratio of first lien secured debt less cash and cash equivalents to consolidated EBITDA (as defined in the Credit Facility).

At March 31, 2018, we had $200.0 million available for borrowing under the Revolving Credit Loan and were not in violation of any covenants of the Credit Facility.

The estimated fair value of the Term Loans was $2,483.9 million at March 31, 2018 based on observable market prices for these loans, which are traded in a less active market and therefore classified as a Level 2 fair value measurement.

Future Debt Maturities

Aggregate principal payments, exclusive of any unamortized original issue discount and debt issuance costs, due on long-term debt as of March 31, 2018 are as follows:



Year Ending December 31:
2018 (remainder of)	$	18.8
2019	25.0
2020	25.0
2021	25.0
2022	25.0
Thereafter	2,357.3
	$	2,476.1

Derivatives and Hedging

3 Months Ended

Mar. 31, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivatives and Hedging

We are exposed to changes in foreign currency exchange rates, primarily relating to debt and certain forecasted sales transactions denominated in currencies other than the U.S. dollar, as well as to changes in interest rates as a result of our variable-rate debt. Consequently, we use derivative financial instruments to manage and mitigate such risk. We do not enter into derivative transactions for speculative or trading purposes.

The following table summarizes our outstanding derivative instruments, all of which are designated as cash flow hedges, on a gross basis:



	Notional Amount				Derivative Assets						Derivative Liabilities
	March 31, 2018		December 31, 2017		March 31, 2018			December 31, 2017			March 31, 2018			December 31, 2017
					Balance Sheet Location⁽²⁾	Fair Value		Balance Sheet Location⁽²⁾	Fair Value		Balance Sheet Location⁽²⁾	Fair Value		Balance Sheet Location⁽²⁾	Fair Value
Derivative Instrument:
Level 2:
Foreign exchange forward contracts	$	179.0	$	241.3	PP	$	0.2	PP	$	—	ACC	$	4.3	ACC	$	4.4
Cross-currency swap⁽¹⁾	1,516.4		1,478.3		PP	—		PP	—		ACC	242.0		ACC	182.9
Interest rate swap	1,312.2		1,315.5		PP	1.7		PP	—		ACC	—		ACC	19.1
Total hedges	$	3,007.6	$	3,035.1		$	1.9		$	—		$	246.3		$	206.4


(1)	The notional values of the cross-currency swap have been translated from Euros to U.S. dollars at the foreign currency rates in effect at March 31, 2018 and December 31, 2017 of approximately 1.23 and 1.20, respectively.


(2)	PP = Prepaid expenses and other current assets; ACC = Accrued expenses and other current liabilities.

The following table summarizes the effect of our designated cash flow hedging derivative instruments on accumulated other comprehensive income (loss) (AOCI):



	Unrealized Gains (Losses) Recognized in Other Comprehensive Income
	Three Months Ended
	March 31, 2018			March 31, 2017
Derivative Instrument:
Foreign exchange forward contracts⁽¹⁾	$	(0.7	)	$	(2.0	)
Cross-currency swap	(17.8		)	—
Interest rate swap	20.8			—
	$	2.3		$	(2.0	)


(1)	Amounts include gains and losses realized upon contract settlement but not yet recognized into earnings from AOCI.

The following tables summarize the locations and amounts of gains (losses) recognized within earnings related to our cash flow hedging relationships:



	Three Months Ended March 31, 2018									Three Months Ended March 31, 2017
	Revenue			Interest Expense			Other Income (Expense), Net			Revenue		Interest Expense		Other Income (Expense), Net
Foreign Exchange Forward Contracts:
Reclassified from AOCI into income	$	(0.9	)	$	—		$	—		$	0.7	$	—	$	—
Cross Currency Swap:
Reclassified from AOCI into income ⁽¹⁾	—			6.5			(42.0		)	—		—		—
Interest Rate Swap:
Reclassified from AOCI into income	—			(2.9		)	—			—		—		—
	$	(0.9	)	$	3.6		$	(42.0	)	$	0.7	$	—	$	—


(1)	The amount reflected in other income (expense), net for 2018 includes $41.4 million reclassified from AOCI to offset the earnings impact of the remeasurement of the Euro-denominated intercompany loan hedged by the cross-currency swap.

As of March 31, 2018, we estimate that approximately $12.7 million of net deferred gains related to our cash flow hedges will be recognized in earnings over the next 12 months. No amounts were excluded from our effectiveness testing during any of the periods presented.

Risk Management Strategies

Foreign Exchange Forward Contracts

We enter into foreign exchange forward contracts with financial institutions to hedge certain forecasted sales transactions denominated in foreign currency. We designate these forward contracts as cash flow hedges, which are recognized as either assets or liabilities at fair value. At March 31, 2018, the total notional amount of such contracts was $179.0 million, all having maturities of nine months or less.

Cross-Currency Swap Contract

In April 2017, in order to manage variability due to movements in foreign currency rates related to a Euro-denominated intercompany loan, we entered into a five-year cross-currency swap arrangement (the Cross-Currency Swap). The Cross-Currency Swap, which matures on April 3, 2022, had an amortizing notional amount of €1,243.3 million at inception (approximately $1,325.4 million). It converts the 3.00% fixed rate Euro-denominated interest and principal receipts on the intercompany loan into fixed U.S. dollar interest and principal receipts at a rate of 5.44%. Pursuant to the contract, the Euro notional value will be exchanged for the U.S. dollar notional value at maturity. The Cross-Currency Swap has been designated as a cash flow hedge. Accordingly, it is recognized as an asset or liability at fair value and the unrealized gains and losses on the contract are included in gain (loss) on swaps and foreign currency hedging, net within AOCI. Gains and losses are reclassified to interest income or expense over the period the hedged loan affects earnings. As such, amounts recorded in other comprehensive income (loss) (OCI) will be recognized in earnings within or against interest expense when the hedged interest payment is accrued each month. In addition, an amount is reclassified from AOCI to other income (expense), net each reporting period, to offset the earnings impact of the hedged instrument.

Interest Rate Swap Contract

In April 2017, we entered into a five-year pay-fixed rate, receive-floating rate interest rate swap arrangement (the Interest Rate Swap) to effectively convert a portion of the variable-rate debt to fixed. The Interest Rate Swap, which matures on April 3, 2022, had an amortizing notional amount of $1,325.4 million at inception and swaps the variable interest rate on our LIBOR-based borrowings for a fixed rate of 5.44%. The objective of the Interest Rate Swap, which is designated as a cash flow hedge and recognized as an asset or liability at fair value, is to manage the variability of cash flows in the interest payments related to the portion of the variable-rate debt designated as being hedged. The unrealized gains and losses on the contract are included in gain (loss) on swaps and foreign currency hedging, net within AOCI. Amounts recorded in OCI will be recognized in earnings within or against interest expense when the hedged interest payment is accrued each month.

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Litigation From time-to-time, we are a party to litigation and subject to claims incident to the ordinary course of business, including intellectual property claims, putative class actions, commercial and consumer protection claims, labor and employment claims, breach of contract claims and other asserted and unasserted claims. We investigate claims as they arise and accrue estimates for resolution of legal and other contingencies when losses are probable and estimable. The amounts currently accrued for such matters are not material. While the results of such normal course claims and legal proceedings cannot be predicted with certainty, management does not believe, based on current knowledge and the likely timing of resolution of various matters, any additional reasonably possible potential losses above the amounts accrued for such matters would be material. Regardless of the outcome, legal proceedings may have an adverse effect on us because of defense costs, diversion of management resources and other factors. Indemnifications In the normal course of business, we have made indemnities under which we may be required to make payments in relation to certain transactions, including to our directors and officers to the maximum extent permitted under applicable state laws and indemnifications related to certain lease agreements. In addition, certain advertiser and reseller partner agreements contain indemnification provisions, which are generally consistent with those prevalent in the industry. We have not incurred material obligations under indemnification provisions historically, and do not expect to incur material obligations in the future. Accordingly, we have not recorded any liabilities related to such indemnities as of March 31, 2018 and December 31, 2017. We include service level commitments to our customers guaranteeing certain levels of uptime reliability and performance for our hosting and premium DNS products. These guarantees permit those customers to receive credits in the event we fail to meet those levels, with exceptions for certain service interruptions including but not limited to periodic maintenance. We have not incurred any material costs as a result of such commitments during any of the periods presented, and have not recorded any liabilities related to such obligations as of March 31, 2018 and December 31, 2017. Indirect Taxes We are subject to indirect taxation in some, but not all, of the various states and foreign jurisdictions in which we conduct business. Laws and regulations attempting to subject communications and commerce conducted over the Internet to various indirect taxes are becoming more prevalent, both in the U.S. and internationally, and may impose additional burdens on us in the future. Increased regulation could negatively affect our business directly, as well as the businesses of our customers. Taxing authorities may impose indirect taxes on the Internet-related revenue we generate based on regulations currently being applied to similar, but not directly comparable, industries. There are many transactions and calculations where the ultimate indirect tax determination is uncertain. In addition, domestic and international indirect taxation laws are complex and subject to change. We may be audited in the future, which could result in changes to our indirect tax estimates. We continually evaluate those jurisdictions in which nexus exists, and believe we maintain adequate indirect tax accruals. As of March 31, 2018 and December 31, 2017, our accrual for estimated indirect tax liabilities was $20.2 million and $18.8 million, respectively, reflecting our best estimate of the probable liability based on an analysis of our business activities, revenues subject to indirect taxes and applicable regulations. Although we believe our indirect tax estimates and associated liabilities are reasonable, the final determination of indirect tax audits, litigation or settlements could be materially different than the amounts established for indirect tax contingencies. Due to the complexity and uncertainty surrounding indirect tax laws in certain international locations, we believe it is reasonably possible, based on currently available information and analysis, that we may incur additional losses related to indirect taxes, which management estimates to be within the range of $0 to $10.0 million as of March 31, 2018.

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes We are subject to U.S. federal, state and foreign income taxes with respect to our allocable share of any taxable income or loss of Desert Newco, as well as any stand-alone income or loss we generate. Desert Newco is treated as a partnership for U.S. income tax purposes and for most applicable state and local income tax purposes and generally does not pay income taxes in most jurisdictions. Instead, Desert Newco's taxable income or loss is passed through to its members, including us. Despite its partnership treatment, Desert Newco is liable for income taxes in certain foreign jurisdictions in which it operates, in those states not recognizing its pass-through status and for certain of its subsidiaries not taxed as pass-through entities. We have acquired the outstanding stock of various domestic and foreign entities taxed as corporations, which are now wholly-owned by us or our subsidiaries. Where required or allowed, these subsidiaries also file and pay tax as a consolidated group for U.S. federal and state income tax purposes and internationally, primarily within the United Kingdom and Germany. We anticipate this structure to remain in existence for the foreseeable future. Based primarily on our limited operating history and our historical losses, we believe there is significant uncertainty as to when we will be able to utilize our net operating losses (NOLs), credit carryforwards and other deferred tax assets (DTAs). Therefore, we have recorded a valuation allowance against the DTAs for which we have concluded it is more-likely-than-not they will not be realized. Based on our analysis of tax positions taken on income tax returns filed, we have determined no material liabilities related to uncertain income tax positions were required. Although we believe the amounts reflected in our tax returns substantially comply with applicable U.S. federal, state and foreign tax regulations, the respective taxing authorities may take contrary positions based on their interpretation of the law. A tax position successfully challenged by a taxing authority could result in an adjustment to our provision or benefit for income taxes in the period in which a final determination is made. Tax Cuts and Jobs Act of 2017 On December 22, 2017, the Tax Cuts and Jobs Act of 2017 (the TCJA) was signed into law making significant changes to the Internal Revenue Code. Changes include, but are not limited to, a U.S. federal corporate tax rate decrease from 35% to 21% effective for tax years beginning after December 31, 2017, the transition of U.S international taxation from a worldwide tax system to a territorial system and a one-time transition tax on the mandatory deemed repatriation of cumulative foreign earnings. We recorded the estimated impact in accordance with our understanding of the TCJA and guidance available as of December 31, 2017, as shown in the 2017 10-K. On December 22, 2017, the SEC issued guidance to address the application of GAAP in situations when a registrant does not have the necessary information available, prepared or analyzed (including computations) in reasonable detail to complete the accounting for certain income tax effects of the TCJA. The completion of our 2017 income tax returns, future guidance and additional information and interpretations with the respect to the TCJA may cause us to adjust the recorded provisional amounts in a future period. We made no such adjustments during the three months ended March 31, 2018. In January 2018, the FASB released guidance on the accounting for the global intangible low-taxed income (GILTI) provisions of the TCJA. The GILTI provisions impose a tax on foreign income in excess of a deemed return on tangible assets of foreign corporations. The guidance allows an accounting policy election either to account for deferred taxes related to GILTI inclusions or to treat any taxes on GILTI inclusions as period costs. We have not yet made a policy election with respect to GILTI and have determined its impact to be immaterial.

Payable to Related Parties Pursuant to the TRAs	3 Months Ended
Payable to Related Parties Pursuant to the TRAs	Mar. 31, 2018
Related Party Transactions [Abstract]
Payable to Related Parties Pursuant to the TRAs	Payable to Related Parties Pursuant to the TRAs As of December 31, 2017, our liability under the TRAs was $153.0 million, representing approximately 85% of the calculated tax savings based on the portion of the original basis adjustments we anticipated being able to utilize in future years. During the three months ended March 31, 2018, we increased this liability primarily through a $14.5 million reduction in additional paid-in capital resulting from the exchange of LLC Units in the secondary offering discussed in Note 4. As of March 31, 2018, our liability under the TRAs was $167.6 million. The projection of future taxable income involves significant judgment. Actual taxable income may differ from our estimates, which could significantly impact the liability under the TRAs. We have determined it is more-likely-than-not we will be unable to utilize all of our DTAs subject to the TRAs; therefore, we have not recorded a liability under the TRAs related to the tax savings we may realize from the utilization of NOL carryforwards and the amortization related to basis adjustments under Code Section 754 created by exchanges of LLC Units. If utilization of these DTAs becomes more-likely-than-not in the future, at such time, we will record liabilities under the TRAs of up to an additional $791.4 million as a result of basis adjustments under Code Section 754 and up to an additional $273.2 million related to the utilization of NOL and credit carryforwards, which will be recorded through charges to our statements of operations. However, if the tax attributes are not utilized in future years, it is reasonably possible no amounts would be paid under the TRAs. In this scenario, the reduction of the liability under the TRAs would result in a benefit to our statements of operations. Related Party Transactions As of March 31, 2018, affiliates of KKR held $17.4 million of the outstanding principal balance of our Term Loans as part of the lending syndicate. No material amounts have been paid to KKR during any of the periods presented. In the ordinary course of business, we purchase and lease computer equipment, technology licensing and software maintenance and support from affiliates of Dell Inc. (Dell) of which Silver Lake and its affiliates have a significant ownership interest. During the three months ended March 31, 2018 and 2017, we paid $4.6 million and $3.0 million, respectively, to Dell.

Income (Loss) Per Share

3 Months Ended

Mar. 31, 2018

Earnings Per Share [Abstract]

Income (Loss) Per Share

Basic income (loss) per share is computed by dividing net income (loss) attributable to GoDaddy Inc. by the weighted-average number of shares of Class A common stock outstanding during the period. Diluted income (loss) per share is computed giving effect to all potentially dilutive shares unless their effect is antidilutive.

A reconciliation of the numerator and denominator used in the calculation of basic and diluted net income (loss) per share is as follows:



	Three Months Ended March 31,
	2018		2017
Numerator:
Net income (loss)	$	4.2	$	(3.1	)
Less: net income (loss) attributable to non-controlling interests	0.9		(3.7		)
Net income attributable to GoDaddy Inc.	$	3.3	$	0.6
Denominator:
Weighted-average shares of Class A common stock outstanding—basic	137,841		89,600
Effect of dilutive securities:
Class B common stock	31,275		—
Stock options	7,604		9,705
RSUs and ESPP shares	2,067		937
Weighted-average shares of Class A Common stock outstanding—diluted	178,787		100,242

Net income attributable to GoDaddy Inc. per share of Class A common stock—basic	$	0.02	$	0.01
Net income attributable to GoDaddy Inc. per share of Class A common stock—diluted⁽¹⁾:	$	0.02	$	0.01


(1)	The dilutive income per share calculations exclude the net income (loss) attributable to non-controlling interests.

The following number of weighted-average potentially dilutive shares were excluded from the calculation of diluted income (loss) per share because the effect of including such potentially dilutive shares would have been antidilutive:



	Three Months Ended March 31,
	2018	2017
Class B common stock	—	78,457
Stock options	—	—
RSUs and ESPP shares	—	—
	—	78,457

Shares of Class B common stock do not share in our earnings and are not participating securities. Accordingly, separate presentation of income (loss) per share of Class B common stock under the two-class method has not been presented. Each share of Class B common stock (together with a corresponding LLC Unit) is exchangeable for one share of Class A common stock. Total shares outstanding were as follows:



	March 31, 2018	December 31, 2017
Class A common stock	148,359	132,993
Class B common stock	22,081	35,006
	170,440	167,999

Geographic Information

3 Months Ended

Mar. 31, 2018

Segment Reporting [Abstract]

Geographic Information

Revenue by geography is based on the customer's billing address, and was as follows:



	Three Months Ended March 31,
	2018		2017
U.S.	$	406.6	$	355.4
International	226.6		134.3
	$	633.2	$	489.7

No individual international country represented more than 10% of total revenue in any period presented.

Property and equipment, net by geography was as follows:



	March 31, 2018		December 31, 2017
U.S.	$	217.5	$	221.2
France	32.6		31.6
All other international	45.2		45.1
	$	295.3	$	297.9

Other than France, no individual international country represented more than 10% of property and equipment, net in any period presented.

Related Party Transactions	3 Months Ended
Related Party Transactions	Mar. 31, 2018
Related Party Transactions [Abstract]
Related Party Transactions	Payable to Related Parties Pursuant to the TRAs As of December 31, 2017, our liability under the TRAs was $153.0 million, representing approximately 85% of the calculated tax savings based on the portion of the original basis adjustments we anticipated being able to utilize in future years. During the three months ended March 31, 2018, we increased this liability primarily through a $14.5 million reduction in additional paid-in capital resulting from the exchange of LLC Units in the secondary offering discussed in Note 4. As of March 31, 2018, our liability under the TRAs was $167.6 million. The projection of future taxable income involves significant judgment. Actual taxable income may differ from our estimates, which could significantly impact the liability under the TRAs. We have determined it is more-likely-than-not we will be unable to utilize all of our DTAs subject to the TRAs; therefore, we have not recorded a liability under the TRAs related to the tax savings we may realize from the utilization of NOL carryforwards and the amortization related to basis adjustments under Code Section 754 created by exchanges of LLC Units. If utilization of these DTAs becomes more-likely-than-not in the future, at such time, we will record liabilities under the TRAs of up to an additional $791.4 million as a result of basis adjustments under Code Section 754 and up to an additional $273.2 million related to the utilization of NOL and credit carryforwards, which will be recorded through charges to our statements of operations. However, if the tax attributes are not utilized in future years, it is reasonably possible no amounts would be paid under the TRAs. In this scenario, the reduction of the liability under the TRAs would result in a benefit to our statements of operations. Related Party Transactions As of March 31, 2018, affiliates of KKR held $17.4 million of the outstanding principal balance of our Term Loans as part of the lending syndicate. No material amounts have been paid to KKR during any of the periods presented. In the ordinary course of business, we purchase and lease computer equipment, technology licensing and software maintenance and support from affiliates of Dell Inc. (Dell) of which Silver Lake and its affiliates have a significant ownership interest. During the three months ended March 31, 2018 and 2017, we paid $4.6 million and $3.0 million, respectively, to Dell.

Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2018

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

The following table presents OCI activity accumulated in equity:



	Foreign Currency Translation Adjustments			Net Unrealized Gains (Losses) on Cash Flow Hedges⁽¹⁾			Total Accumulated Other Comprehensive Income (Loss)
Balance as of December 31, 2017	$	(86.8	)	$	(45.5	)	$	(132.3	)
Other comprehensive income (loss) before reclassifications	5.6			41.6			47.2
Amounts reclassified from AOCI	—			(39.3		)	(39.3		)
Other comprehensive income (loss)	5.6			2.3			7.9
	$	(81.2	)	$	(43.2	)	$	(124.4	)
Less: AOCI attributable to non-controlling interests							(44.0		)
Balance as of March 31, 2018							$	(80.4	)

Balance as of December 31, 2016	$	(0.3	)	$	3.0		$	2.7
Other comprehensive income (loss) before reclassifications	—			(2.7		)	(2.7		)
Amounts reclassified from AOCI	—			0.7			0.7
Other comprehensive income (loss)	—			(2.0		)	(2.0		)
	$	(0.3	)	$	1.0		$	0.7
Less: AOCI attributable to non-controlling interests							—
Balance as of March 31, 2017							$	0.7


(1)	Amounts shown for our foreign exchange forward contracts include gains and losses realized upon contract settlement but not yet recognized into earnings from AOCI.

See Note 9 for the effect on net income (loss) of amounts reclassified from AOCI related to our cash flow hedging instruments. The income tax impact associated with these reclassified amounts was not material in any period presented.

Summary of Significant Accounting Policies (Policies)

3 Months Ended

Mar. 31, 2018

Accounting Policies [Abstract]

Basis of Presentation

Our financial statements have been prepared in accordance with generally accepted accounting principles in the United States (GAAP), and include our accounts and the accounts of our subsidiaries. All material intercompany accounts and transactions have been eliminated.

Our interim financial statements are unaudited, and in our opinion, include all adjustments of a normal recurring nature necessary for the fair presentation of the periods presented. The results for the interim periods are not necessarily indicative of the results to be expected for any subsequent period or for the year ending December 31, 2018.

These financial statements should be read in conjunction with our audited consolidated financial statements and related notes included in our Annual Report on Form 10-K for the year ended December 31, 2017 (the 2017 Form 10-K).

Use of Estimates

GAAP requires us to make estimates and assumptions affecting amounts reported in our financial statements. Our more significant estimates include:


•	the determination of the relative stand-alone selling price of the indicated performance obligations included in revenue arrangements with multiple performance obligations;


•	the fair value of assets acquired and liabilities assumed in business acquisitions;


•	the assessment of recoverability of long-lived assets, including property and equipment, goodwill and intangible assets;


•	the estimated reserve for refunds;


•	the estimated useful lives of intangible and depreciable assets;


•	the grant date fair value of equity-based awards;


•	the fair value of financial instruments;


•	the recognition, measurement and valuation of current and deferred income taxes;


•	the recognition and measurement of amounts payable under TRAs or as tax distributions to Desert Newco's owners; and


•	the recognition and measurement of loss contingencies, indirect tax liabilities and certain accrued liabilities.