GODADDY INC., 10-Q filed on 11/5/2020
Quarterly Report
v3.20.2
Cover Page - shares
 9 Months Ended
Sep. 30, 2020
Oct. 30, 2020
Document Information [Line Items]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Sep. 30, 2020  
Document Transition Report false  
Entity File Number 001-36904  
Entity Registrant Name GoDaddy Inc.  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 46-5769934  
Entity Address, Address Line One 14455 N. Hayden Road  
Entity Address, City or Town Scottsdale  
Entity Address, State or Province AZ  
Entity Address, Postal Zip Code 85260  
City Area Code 480  
Local Phone Number 505-8800  
Title of 12(b) Security Class A Common Stock, $0.001 par value per share  
Trading Symbol GDDY  
Security Exchange Name NYSE  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Amendment Flag false  
Entity Central Index Key 0001609711  
Document Fiscal Year Focus 2020  
Document Fiscal Period Focus Q3  
Current Fiscal Year End Date --12-31  
Class A Common Stock    
Document Information [Line Items]    
Entity Common Stock, Shares Outstanding   167,903,851
Class B Common Stock    
Document Information [Line Items]    
Entity Common Stock, Shares Outstanding   993,256
v3.20.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 621.8 $ 1,062.8
Short-term investments 0.0 23.6
Accounts and other receivables 38.7 30.2
Registry deposits 24.6 27.2
Prepaid domain name registry fees 388.2 382.6
Prepaid expenses and other current assets 62.6 48.9
Total current assets 1,135.9 1,575.3
Property and equipment, net 246.7 258.6
Operating lease assets 146.6 196.6
Prepaid domain name registry fees, net of current portion 176.2 179.3
Goodwill 3,221.3 2,976.5
Intangible assets, net 1,254.7 1,097.7
Other assets 26.4 17.2
Total assets 6,207.8 6,301.2
Current liabilities:    
Accounts payable 49.6 72.3
Accrued expenses and other current liabilities 465.3 366.0
Deferred revenue 1,700.0 1,544.4
Long-term debt 22.6 18.4
Payable pursuant to tax receivable agreements 0.2 0.0
Total current liabilities 2,237.7 2,001.1
Deferred revenue, net of current portion 715.7 654.4
Long-term debt, net of current portion 3,097.4 2,376.8
Operating lease liabilities, net of current portion 173.7 192.9
Payable pursuant to tax receivable agreements, net of current portion 0.0 175.3
Other long-term liabilities 50.1 17.7
Deferred tax liabilities 97.0 100.9
Commitments and contingencies
Stockholders' equity (deficit):    
Preferred stock 0.0 0.0
Additional paid-in capital 1,228.0 1,003.5
Accumulated deficit (1,261.4) (153.5)
Accumulated other comprehensive loss (131.0) (78.2)
Total stockholders' equity (deficit) attributable to GoDaddy Inc. (164.2) 772.0
Non-controlling interests 0.4 10.1
Total stockholders' equity (deficit) (163.8) 782.1
Total liabilities and stockholders' equity (deficit) 6,207.8 6,301.2
Class A Common Stock    
Stockholders' equity (deficit):    
Common stock 0.2 0.2
Class B Common Stock    
Stockholders' equity (deficit):    
Common stock $ 0.0 $ 0.0
v3.20.2
Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares
Sep. 30, 2020
Dec. 31, 2019
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, shares outstanding (in shares) 0 0
Class A Common Stock    
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) 167,813,000 172,867,000
Common stock, shares outstanding (in shares) 167,813,000 172,867,000
Class B Common Stock    
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) 993,000 1,490,000
Common stock, shares outstanding (in shares) 993,000 1,490,000
v3.20.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue:        
Revenue $ 844.4 $ 760.5 $ 2,442.8 $ 2,207.7
Costs and operating expenses        
Cost of revenue (excluding depreciation and amortization) 290.2 265.0 856.7 756.0
Technology and development 141.4 116.4 411.8 367.6
Marketing and advertising 115.4 79.6 312.9 260.2
Customer care 73.6 86.0 242.6 263.9
General and administrative 76.4 72.2 244.1 270.0
Restructuring charges 4.3 0.0 43.7 0.0
Depreciation and amortization 50.7 49.9 151.3 160.9
Total costs and operating expenses 752.0 [1] 669.1 [1] 2,263.1 2,078.6
Operating income 92.4 91.4 179.7 129.1
Interest expense (23.9) (22.9) (64.5) (70.4)
Tax receivable agreements liability adjustment 0.0 0.0 (674.7) 8.7
Loss on debt extinguishment 0.0 0.0 0.0 (14.5)
Other income (expense), net 1.2 5.6 (1.3) 17.0
Income (loss) before income taxes 69.7 74.1 (560.8) 69.9
Benefit (provision) for income taxes (4.6) 2.7 (4.1) 7.4
Net income (loss) 65.1 76.8 (564.9) 77.3
Less: net income attributable to non-controlling interests 0.4 0.6 0.7 0.8
Net income (loss) attributable to GoDaddy Inc. $ 64.7 $ 76.2 $ (565.6) $ 76.5
Class A Common Stock        
Net income (loss) attributable to GoDaddy Inc. per share of Class A common stock:        
Basic (in USD per share) $ 0.39 $ 0.44 $ (3.35) $ 0.44
Diluted (in USD per share) $ 0.38 $ 0.42 $ (3.35) $ 0.42
Weighted-average shares of Class A common stock outstanding:        
Basic (in shares) 167,258 174,820 168,734 173,957
Diluted (in shares) 171,405 181,654 168,734 182,926
Domains        
Revenue:        
Revenue $ 387.4 $ 345.3 $ 1,112.9 $ 999.3
Hosting and presence        
Revenue:        
Revenue 302.4 285.0 891.8 833.7
Business applications        
Revenue:        
Revenue $ 154.6 $ 130.2 $ 438.1 $ 374.7
[1]
Costs and operating expenses include equity-based compensation expense as follows:

Cost of revenue$0.2 $0.1 $0.5 $0.3 
Technology and development22.5 10.6 65.6 50.9 
Marketing and advertising5.7 2.3 15.7 10.7 
Customer care2.6 1.5 8.5 6.7 
General and administrative17.1 3.2 51.8 37.6 
Total equity-based compensation expense48.1 17.7 142.1 106.2 
v3.20.2
Condensed Consolidated Statements of Operations (Unaudited) (Parenthetical) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Equity-based compensation expense $ 48.1 $ 17.7 $ 142.1 $ 106.2
Cost of revenue        
Equity-based compensation expense 0.2 0.1 0.5 0.3
Technology and development        
Equity-based compensation expense 22.5 10.6 65.6 50.9
Marketing and advertising        
Equity-based compensation expense 5.7 2.3 15.7 10.7
Customer care        
Equity-based compensation expense 2.6 1.5 8.5 6.7
General and administrative        
Equity-based compensation expense $ 17.1 $ 3.2 $ 51.8 $ 37.6
v3.20.2
Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Statement of Comprehensive Income [Abstract]        
Net income (loss) $ 65.1 $ 76.8 $ (564.9) $ 77.3
Foreign exchange forward contracts gain (loss), net (9.4) 2.0 (3.1) 2.8
Unrealized swap gain (loss), net (net of tax effect of $0.5 million and $1.6 million for the three and nine months ended September 30, 2020, respectively) (13.4) 9.6 (5.8) (1.5)
Change in foreign currency translation adjustment (8.4) 7.7 (44.0) 14.0
Comprehensive income (loss) 33.9 96.1 (617.8) 92.6
Less: comprehensive income attributable to non-controlling interests 0.3 0.8 0.6 1.4
Comprehensive income (loss) attributable to GoDaddy Inc. $ 33.6 $ 95.3 $ (618.4) $ 91.2
v3.20.2
Condensed Consolidated Statements of Comprehensive Income (Unaudited) (Parenthetical) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2020
Statement of Comprehensive Income [Abstract]    
Unrealized swap gain (loss), tax effect $ 0.5 $ 1.6
v3.20.2
Condensed Consolidated Statement of Stockholders' Equity (Unaudited) - USD ($)
shares in Thousands, $ in Millions
Total
Impact of Adoption of Accounting Standard
Class A Common Stock
Class B Common Stock
Common Stock
Class A Common Stock
Common Stock
Class B Common Stock
Additional Paid-in Capital
Accumulated Deficit
Accumulated Deficit
Impact of Adoption of Accounting Standard
Accumulated Other Comprehensive Income (Loss)
Non- Controlling Interests
Balance (in shares) at Dec. 31, 2018         168,549 6,254          
Balance at Dec. 31, 2018 $ 824.5 $ 3.3     $ 0.2 $ 0.0 $ 699.8 $ 164.8 $ 3.3 $ (72.1) $ 31.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income (loss) 13.2             12.9     0.3
Equity-based compensation, including amounts capitalized 46.9           46.9        
Stock option exercises (in shares)         894            
Stock option exercises 17.6           18.3       (0.7)
Exchanges of LLC Units (in shares)         4,601 (4,601)          
Exchanges of LLC Units 0.0           8.5     (2.6) (5.9)
Liability pursuant to tax receivable agreements resulting from exchanges of LLC Units (9.7)           (9.7)        
Impact of derivatives, net (0.2)                 (0.2)  
Change in foreign currency translation adjustment 27.8                 27.8  
Attribution of accumulated other comprehensive income (loss) 0.0                 (0.7) 0.7
Vesting of restricted stock units (in shares)         1,071            
Vesting of restricted stock units 0.0                    
Adjustment to prior period non-controlling interests allocations 0.0           51.7     (38.5) (13.2)
Balance (in shares) at Mar. 31, 2019         175,115 1,653          
Balance at Mar. 31, 2019 $ 923.4       $ 0.2 $ 0.0 815.5 181.0   (86.3) 13.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Accounting Standards Update [Extensible List] us-gaap:AccountingStandardsUpdate201602Member                    
Balance (in shares) at Dec. 31, 2018         168,549 6,254          
Balance at Dec. 31, 2018 $ 824.5 3.3     $ 0.2 $ 0.0 699.8 164.8 3.3 (72.1) 31.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income (loss) 77.3                    
Balance (in shares) at Sep. 30, 2019         171,422 1,529          
Balance at Sep. 30, 2019 679.9       $ 0.2 $ 0.0 921.2 (155.0)   (98.5) 12.0
Balance (in shares) at Mar. 31, 2019         175,115 1,653          
Balance at Mar. 31, 2019 923.4       $ 0.2 $ 0.0 815.5 181.0   (86.3) 13.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income (loss) (12.7)             (12.6)     (0.1)
Equity-based compensation, including amounts capitalized 41.6           41.6        
Stock option exercises (in shares)         867            
Stock option exercises 19.4       $ 0.0   20.1       (0.7)
Issuance of Class A common stock under ESPP (in shares)         303            
Issuance of Class A common stock under ESPP 16.6           16.6        
Exchanges of LLC Units (in shares)         87 (87)          
Exchanges of LLC Units 0.0           0.3       (0.3)
Impact of derivatives, net (10.1)                 (10.1)  
Change in foreign currency translation adjustment (21.5)                 (21.5)  
Attribution of accumulated other comprehensive income (loss) 0.0                 0.3 (0.3)
Vesting of restricted stock units (in shares)         355            
Vesting of restricted stock units 0.0                    
Balance (in shares) at Jun. 30, 2019         176,727 1,566          
Balance at Jun. 30, 2019 956.7       $ 0.2 $ 0.0 894.1 168.4   (117.6) 11.6
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income (loss) 76.8             76.2     0.6
Equity-based compensation, including amounts capitalized 17.7           17.7        
Stock option exercises (in shares)         425            
Stock option exercises 9.0           9.3       (0.3)
Repurchases of Class A common stock (in shares)         (6,166)            
Repurchases of Class A common stock (399.6)             (399.6)      
Exchanges of LLC Units (in shares)         37 (37)          
Exchanges of LLC Units 0.0           0.1       (0.1)
Impact of derivatives, net 11.6                 11.6  
Change in foreign currency translation adjustment 7.7                 7.7  
Attribution of accumulated other comprehensive income (loss) 0.0                 (0.2) 0.2
Vesting of restricted stock units (in shares)         399            
Vesting of restricted stock units 0.0                    
Balance (in shares) at Sep. 30, 2019         171,422 1,529          
Balance at Sep. 30, 2019 679.9       $ 0.2 $ 0.0 921.2 (155.0)   (98.5) 12.0
Balance (in shares) at Dec. 31, 2019     172,867 1,490 172,867 1,490          
Balance at Dec. 31, 2019 782.1 (0.6)     $ 0.2 $ 0.0 1,003.5 (153.5) (0.6) (78.2) 10.1
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income (loss) 43.2             42.9     0.3
Equity-based compensation, including amounts capitalized 46.0           46.0        
Stock option exercises (in shares)         724            
Stock option exercises 15.3           16.0       (0.7)
Repurchases of Class A common stock (in shares)         (7,341)            
Repurchases of Class A common stock (398.0)             (398.0)      
Exchanges of LLC Units (in shares)         204 (204)          
Exchanges of LLC Units 0.0           1.4     0.0 (1.4)
Impact of derivatives, net 26.0                 26.0  
Change in foreign currency translation adjustment (24.9)                 (24.9)  
Attribution of accumulated other comprehensive income (loss) 0.0                 (0.1) 0.1
Vesting of restricted stock units (in shares)         1,173            
Vesting of restricted stock units 0.0                    
Balance (in shares) at Mar. 31, 2020         167,627 1,286          
Balance at Mar. 31, 2020 $ 489.1       $ 0.2 $ 0.0 1,066.9 (509.2)   (77.2) 8.4
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Accounting Standards Update [Extensible List] us-gaap:AccountingStandardsUpdate201613Member                    
Balance (in shares) at Dec. 31, 2019     172,867 1,490 172,867 1,490          
Balance at Dec. 31, 2019 $ 782.1 $ (0.6)     $ 0.2 $ 0.0 1,003.5 (153.5) $ (0.6) (78.2) 10.1
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income (loss) (564.9)                    
Repurchases of Class A common stock (in shares)     (9,986)                
Repurchases of Class A common stock     $ (541.7)                
Balance (in shares) at Sep. 30, 2020     167,813 993 167,813 993          
Balance at Sep. 30, 2020 (163.8)       $ 0.2 $ 0.0 1,228.0 (1,261.4)   (131.0) 0.4
Balance (in shares) at Mar. 31, 2020         167,627 1,286          
Balance at Mar. 31, 2020 489.1       $ 0.2 $ 0.0 1,066.9 (509.2)   (77.2) 8.4
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income (loss) (673.2)             (673.2)     0.0
Equity-based compensation, including amounts capitalized 49.4           49.4        
Stock option exercises (in shares)         907            
Stock option exercises 29.2           29.7       (0.5)
Issuance of Class A common stock under ESPP (in shares)         302            
Issuance of Class A common stock under ESPP 17.5           17.5        
Repurchases of Class A common stock (in shares)         (2,645)            
Repurchases of Class A common stock (143.7)             (143.7)      
Exchanges of LLC Units (in shares)         166 (166)          
Exchanges of LLC Units 0.0           1.0       (1.0)
Impact of derivatives, net (12.1)                 (12.1)  
Change in foreign currency translation adjustment (10.7)                 (10.7)  
Attribution of accumulated other comprehensive income (loss) 0.0                 0.1 (0.1)
Vesting of restricted stock units (in shares)         394            
Vesting of restricted stock units 0.0                    
Balance (in shares) at Jun. 30, 2020         166,751 1,120          
Balance at Jun. 30, 2020 (254.5)       $ 0.2 $ 0.0 1,164.5 (1,326.1)   (99.9) 6.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income (loss) 65.1             64.7     0.4
Equity-based compensation, including amounts capitalized 48.6           48.6        
Stock option exercises (in shares)         517            
Stock option exercises 14.2           14.7       (0.5)
Exchanges of LLC Units (in shares)         127 (127)          
Exchanges of LLC Units 0.0           0.2       (0.2)
Distributions to holders of LLC Units (6.0)                   (6.0)
Impact of derivatives, net (22.8)                 (22.8)  
Change in foreign currency translation adjustment (8.4)                 (8.4)  
Attribution of accumulated other comprehensive income (loss) 0.0                 0.1 (0.1)
Vesting of restricted stock units (in shares)         418            
Vesting of restricted stock units 0.0                    
Balance (in shares) at Sep. 30, 2020     167,813 993 167,813 993          
Balance at Sep. 30, 2020 $ (163.8)       $ 0.2 $ 0.0 $ 1,228.0 $ (1,261.4)   $ (131.0) $ 0.4
v3.20.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating activities    
Net income (loss) $ (564.9) $ 77.3
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 151.3 160.9
Equity-based compensation expense 142.1 106.2
Non-cash restructuring charges 29.0 0.0
Loss on debt extinguishment 0.0 14.5
Tax receivable agreements liability adjustment 674.7 (8.7)
Other 30.6 21.4
Changes in operating assets and liabilities, net of amounts acquired:    
Registry deposits 3.6 5.5
Prepaid domain name registry fees (15.1) (20.1)
Deferred revenue 200.5 182.8
Other operating assets and liabilities (53.1) 21.4
Net cash provided by operating activities 598.7 561.2
Investing activities    
Purchases of short-term investments 0.0 (64.1)
Maturities of short-term investments 23.7 59.9
Business acquisitions, net of cash acquired (420.7) (40.3)
Purchases of property and equipment (39.1) (71.1)
Other investing activities 0.2 (1.8)
Net cash used in investing activities (435.9) (117.4)
Proceeds received from:    
Issuance of term loans 746.3 0.0
Issuance of Senior Notes 0.0 600.0
Stock option exercises 58.7 46.0
Issuance of Class A common stock under ESPP 17.5 16.6
Payments made for:    
Settlement of tax receivable agreements (849.8) 0.0
Repurchases of Class A common stock (541.7) (399.6)
Repayment of term loans (20.6) (618.7)
Contingent consideration for business acquisitions (0.2) (35.5)
Other financing obligations (14.3) (16.2)
Net cash used in financing activities (604.1) (407.4)
Effect of exchange rate changes on cash and cash equivalents 0.3 (2.1)
Net increase (decrease) in cash and cash equivalents (441.0) 34.3
Cash and cash equivalents, beginning of period 1,062.8 932.4
Cash and cash equivalents, end of period 621.8 966.7
Cash paid during the period for:    
Interest on long-term debt, net of swap benefit 48.6 53.4
Income taxes, net of refunds received 11.6 5.9
Amounts included in the measurement of operating lease liabilities 38.9 36.4
Supplemental information for non-cash investing and financing activities:    
Operating lease assets obtained in exchange for operating lease obligations 15.8 105.2
Accrued purchases of property and equipment at period end 3.8 3.0
Landlord paid tenant improvements included in purchases of property and equipment $ 0.5 $ 7.6
v3.20.2
Organization and Background
 9 Months Ended
Sep. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Organization and Background 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. The calculation of non-controlling interests excludes any net income attributable directly to GoDaddy Inc. We owned more than 99% of Desert Newco's limited liability company units (LLC Units) as of September 30, 2020.
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 interim periods are not necessarily indicative of the results to be expected for any subsequent period or for the year ending December 31, 2020.
These financial statements should be read in conjunction with our audited financial statements and related notes included in our Annual Report on Form 10-K for the year ended December 31, 2019 (the 2019 Form 10-K).
Prior Period Reclassifications
Reclassifications of certain immaterial prior period amounts have been made to conform to the current period presentation.
Use of Estimates
GAAP requires us to make estimates and assumptions affecting amounts reported in our financial statements. We periodically evaluate our estimates and adjust prospectively, if necessary. We believe our estimates and assumptions are reasonable; however, actual results may differ.
Segment
As of September 30, 2020, 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 and reportable segment.
v3.20.2
Summary of Significant Accounting Policies
 9 Months Ended
Sep. 30, 2020
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies Summary of Significant Accounting Policies
Capitalized Internal-Use Software Costs
Costs incurred to develop software for internal-use during the application development phase are capitalized to property and equipment and amortized over such software's estimated useful life. Costs related to the design or maintenance of internal-use software are included in technology and development expenses as incurred. During the nine months ended September 30, 2020 and 2019, we capitalized $7.4 million and $8.5 million of such costs, respectively.
Assets Recognized from Contract Costs
Fees paid at the inception of a domain registration or renewal represent costs to fulfill a contract. We capitalize and amortize these prepaid domain name registry fees to cost of revenue consistent with the pattern of transfer of the product to which the asset relates. Amortization expense of such asset was $161.0 million and $154.3 million for the three months ended September 30, 2020 and 2019, respectively, and was $481.7 million and $456.6 million, for the nine months ended September 30, 2020 and 2019, respectively.
No other material contract costs were capitalized during any of the periods presented.
Fair Value Measurements
The following tables set forth our material assets and liabilities measured at fair value on a recurring basis:
September 30, 2020
Level 1Level 2Level 3Total
Liabilities:
 Derivative liabilities$— $159.7 $— $159.7 
Total liabilities measured and recorded at fair value$— $159.7 $— $159.7 
December 31, 2019
Level 1Level 2Level 3Total
Assets:
 Cash and cash equivalents:
Reverse repurchase agreements(1)
$— $70.0 $— $70.0 
Commercial paper— 102.0 — 102.0 
Money market funds and time deposits444.0 — — 444.0 
 Short-term investments:
Commercial paper and other0.7 22.9 — 23.6 
Total assets measured and recorded at fair value$444.7 $194.9 $— $639.6 
Liabilities:
 Derivative liabilities $— $93.8 $— $93.8 
Total liabilities measured and recorded at fair value$— $93.8 $— $93.8 
_________________________________
(1)Reverse repurchase agreements include a $70.0 million repurchase agreement with Morgan Stanley, callable with 31 days notice.
We have no other material assets or liabilities measured at fair value on a recurring basis.
Recent Accounting Pronouncements
In June 2016, the FASB issued new guidance requiring all expected credit losses for financial instruments held at the reporting date to be measured 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. Our adoption of this guidance on a modified retrospective basis on January 1, 2020 did not have a material impact as credit losses have not been, and are not expected to be, significant based on historical collection trends, the financial condition of payment partners and external market factors.
In August 2018, the FASB issued new guidance to modify or eliminate certain fair value disclosures and require additional disclosures for Level 3 measurements. Our adoption of this guidance on January 1, 2020 did not have a material impact.
In August 2018, the FASB issued new guidance aligning the accounting for implementation costs incurred in cloud computing arrangements with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. We adopted this guidance on a prospective basis on January 1, 2020. Amounts capitalized during the nine months ended September 30, 2020 were not material.
In December 2019, the FASB issued new guidance to simplify the accounting for income taxes primarily by eliminating certain exceptions allowable under the existing guidance related to the approach for intraperiod tax allocations, the methodology for calculating income taxes in an interim period and the recognition of deferred tax liabilities for outside basis differences. Our adoption of this guidance on January 1, 2020 did not have a material impact.
In March 2020, the FASB issued guidance providing temporary optional expedients and exceptions related to contract modifications and hedge accounting to ease the financial reporting burden of the expected market transition from the London Interbank Offered Rate (LIBOR) and other interbank offered rates to alternative reference rates. The guidance was effective upon issuance and may be applied prospectively to contract modifications made and hedging relationships entered into or evaluated on or before December 31, 2022. We continue to evaluate our contractual arrangements and hedging relationships that reference LIBOR.
v3.20.2
Business Acquisitions
 9 Months Ended
Sep. 30, 2020
Business Combinations [Abstract]  
Business Acquisitions Business Acquisitions
In August 2020, we completed the acquisition of the registry operations of Neustar Inc. for total purchase consideration consisting of $215.9 million in cash and the settlement of $19.4 million in pre-existing contractual relationships related to prepaid domain name registry fees. This acquisition was completed to expand our domains offerings and capabilities on an established registry technology platform.
During the nine months ended September 30, 2020, we completed three other acquisitions for aggregate purchase consideration of $219.2 million in cash, of which $10.2 million is payable in future periods upon expiration of the respective contractual holdback periods.
The aggregate purchase price of these four acquisitions was allocated to the tangible and intangible assets acquired and liabilities assumed based on their estimated fair values as of each acquisition date, with the excess recorded to goodwill. The recognition of goodwill, of which approximately $92.0 million is deductible for income tax purposes, was made based on strategic benefits we expect to realize from the acquisitions. During the measurement periods, which will not exceed one year from each closing, we will continue to obtain information, primarily related to income taxes, to assist us in finalizing the acquisition date fair values. Any qualifying changes to our preliminary estimates will be recorded as adjustments to the respective assets and liabilities, with any residual amounts allocated to goodwill.
The following table summarizes the estimated acquisition date fair values of the aggregate assets acquired and liabilities assumed:
Total purchase consideration$454.5 
Fair value of assets acquired and liabilities assumed:
Cash and cash equivalents4.2 
Domain portfolio indefinite-lived intangible assets88.5 
Contractual-based indefinite-lived intangible assets67.0 
Finite-lived intangible assets96.2 
Deferred revenue(17.1)
Other assets and liabilities, net(16.0)
Total assets acquired, net of liabilities assumed222.8 
Goodwill$231.7 
The identified intangible assets, which were valued using income-based approaches, primarily consist of an indefinite-lived domain portfolio, contractual-based assets, developed technology and customer relationships. The acquired finite-lived intangible assets have a total weighted-average amortization period of 5.5 years.
Pro forma financial information is not presented because these acquisitions were not material to our financial statements, either individually or in the aggregate.
v3.20.2
Goodwill and Intangible Assets
 9 Months Ended
Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
The following table summarizes changes in our goodwill balance:
Balance at December 31, 2019$2,976.5 
Goodwill related to acquisitions231.7 
Impact of foreign currency translation13.1 
Balance at September 30, 2020$3,221.3 
Intangible assets, net are summarized as follows:
September 30, 2020
Gross 
Carrying
Amount		Accumulated
Amortization		Net Carrying
Amount
Indefinite-lived intangible assets:
Trade names and branding$445.0 n/a$445.0 
Domain portfolio234.4 n/a234.4 
Contractual-based assets67.0 n/a67.0 
Finite-lived intangible assets:
Customer-related834.2 $(504.4)329.8 
Developed technology184.9 (80.1)104.8 
Trade names and other103.1 (29.4)73.7 
$1,868.6 $(613.9)$1,254.7 

 December 31, 2019
Gross 
Carrying
Amount		Accumulated
Amortization		Net Carrying
Amount
Indefinite-lived intangible assets:
Trade names and branding$445.0 n/a$445.0 
Domain portfolio148.1 n/a148.1 
Finite-lived intangible assets:
Customer-related838.4 $(475.6)362.8 
Developed technology151.5 (67.3)84.2 
Trade names and other81.4 (23.8)57.6 
$1,664.4 $(566.7)$1,097.7 
Amortization expense was $32.0 million and $29.0 million for the three months ended September 30, 2020 and 2019, respectively, and was $94.3 million and $91.0 million for the nine months ended September 30, 2020 and 2019, respectively. As of September 30, 2020, the weighted-average remaining amortization period for amortizable intangible assets was 64 months for customer-related intangible assets, 41 months for developed technology and 82 months for trade names and other, and was 62 months in total.
Based on the balance of finite-lived intangible assets at September 30, 2020, expected future amortization expense is as follows:
Year Ending December 31:
2020 (remainder of)$32.2 
2021108.0 
2022104.8 
202386.4 
202473.5 
Thereafter103.4 
$508.3 
v3.20.2
Stockholders' Equity
 9 Months Ended
Sep. 30, 2020
Equity [Abstract]  
Stockholders' Equity Stockholders' Equity
Share Repurchase Programs
In May 2020, our board of directors approved the repurchase of up to an additional $500.0 million of our Class A common stock. We may purchase shares from time to time in open market purchases, block transactions and privately negotiated transactions, in accordance with applicable federal securities laws. Our share repurchase programs have no time limit, do not obligate us to make any repurchases and may be modified, suspended or terminated by us at any time without prior notice. The amount and timing of repurchases are subject to a variety of factors including liquidity, share price, market conditions and legal requirements.
During the nine months ended September 30, 2020, we repurchased a total of 9,986 shares of our Class A common stock in the open market pursuant to our prior share repurchase programs, which were retired upon repurchase, for an aggregate purchase price of $541.7 million, including commissions. We have no amounts remaining available under our prior share repurchase programs.
As of September 30, 2020, we have $500.0 million remaining available under our current approved share repurchase program.
v3.20.2
Equity-Based Compensation
 9 Months Ended
Sep. 30, 2020
Share-based Payment Arrangement [Abstract]  
Equity-Based Compensation Equity-Based Compensation
Equity Plans
As of December 31, 2019, 23,363 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, 2020, an additional 6,974 shares were reserved for issuance pursuant to the automatic increase provisions of the 2015 Plan. As of September 30, 2020, 27,246 shares were available for issuance as future awards under the 2015 Plan.
As of December 31, 2019, 3,575 shares of Class A common stock were available for issuance under the 2015 Employee Stock Purchase Plan (the ESPP). On January 1, 2020, an additional 1,000 shares were reserved for issuance pursuant to the automatic increase provisions of the ESPP. As of September 30, 2020, 4,273 shares were available for issuance under the ESPP.
Equity Plan Activity
We grant stock 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 awards (RSUs) vesting solely upon the continued service of the recipient as well as performance-based awards (PSUs) with vesting based on either (i) our achievement of specified financial targets or (ii) our relative total stockholder return (TSR) as compared to a selected index of public internet companies. We recognize the accounting grant date fair value of equity-based awards as compensation expense over the required service period of each award.
On the settlement date of each three-year performance period associated with our TSR-based PSU grants, and only if a participant remains a Service Provider (as defined in the 2015 Plan) on such date, a participant will receive shares of our Class A common stock ranging from 0% to 200% of the originally granted PSUs based on our relative TSR as compared to the companies within the selected index. Vesting of the PSUs is subject to the TSR market condition as well as approval of the performance by our board of directors following the end of each performance period.
We estimate the grant-date fair value of the TSR-based PSUs using a Monte Carlo simulation which requires assumptions for expected volatility, risk-free rate of return and dividend yield. Expected volatilities for GoDaddy and the companies within the index are derived using historical volatilities over a period equal to the length of the performance period. We base the risk-free rate of return on the yield of a zero-coupon U.S. Treasury bond with a maturity equal to the performance period, and assume a 0% dividend rate. Compensation expense for these PSUs is recognized over the requisite service period, regardless of whether the TSR market condition is satisfied.
The following table summarizes stock option activity:
Number of
Shares of Class A Common Stock (#)		Weighted-
Average
Grant-
Date Fair
Value Per Share ($)		Weighted-
Average
Exercise
Price Per Share ($)
Outstanding at December 31, 2019
6,304 38.08 
Granted154 22.33 68.05 
Exercised(2,148)27.29 
Forfeited(305)61.14 
Outstanding at September 30, 2020
4,005 43.26 
Vested at September 30, 2020
2,739 33.56 
The following table summarizes stock award activity:
Number of
Shares of Class A Common Stock (#)
Outstanding at December 31, 20195,240 
Granted: RSUs3,411 
Granted: TSR-based PSUs414 
Vested(1,985)
Forfeited(583)
Outstanding at September 30, 2020(1)
6,497 
_________________________________
(1)Includes financial-based PSUs for which performance targets have not yet been established, and which are not yet considered granted for accounting purposes. The balance of outstanding awards is comprised of the following:
Number of
Shares of Class A Common Stock (#)		Weighted-Average Grant-Date Fair Value Per Share ($)
RSUs5,604 69.18
TSR-based PSUs396 106.14
Financial-based PSUs granted for accounting purposes257 66.94
Financial-based PSUs not yet granted for accounting purposes240 N/A
Outstanding at September 30, 20206,497 
At September 30, 2020, total unrecognized compensation expense related to non-vested stock options and stock awards was $21.2 million and $295.4 million, respectively, with expected remaining weighted-average recognition periods of 2.2 years and 2.6 years, respectively. Such amounts exclude PSUs not yet considered granted for accounting purposes.
We currently believe the established performance targets related to the vesting of financial-based PSUs considered granted for accounting purposes 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 PSUs not expected to vest, and will reverse any previously recognized expense on such awards.
v3.20.2
Deferred Revenue
 9 Months Ended
Sep. 30, 2020
Revenue from Contract with Customer [Abstract]  
Deferred Revenue Deferred Revenue
Deferred revenue consisted of the following:
September 30, 2020December 31, 2019
Current:
Domains$810.6 $752.7 
Hosting and presence570.6 526.7 
Business applications318.8 265.0 
$1,700.0 $1,544.4 
Noncurrent:
Domains$404.2 $382.2 
Hosting and presence216.7 187.2 
Business applications94.8 85.0 
$715.7 $654.4 
The increase in the deferred revenue balance is primarily driven by payments received in advance of satisfying our performance obligations, offset by $371.9 million and $1,477.9 million of revenue recognized during the three and nine months ended September 30, 2020, respectively, that was included in the deferred revenue balance as of December 31, 2019. The deferred revenue balance as of September 30, 2020 represents our aggregate remaining performance obligations that will be recognized as revenue over the period in which the performance obligations are satisfied, and is expected to be recognized as revenue as follows:
Remainder of 2020
2021202220232024ThereafterTotal
Domains$310.4 $570.9 $166.1 $72.2 $41.4 $53.8 $1,214.8 
Hosting and presence235.9 370.6 116.2 33.0 14.3 17.3 787.3 
Business applications127.4 210.2 55.6 14.6 3.3 2.5 413.6 
$673.7 $1,151.7 $337.9 $119.8 $59.0 $73.6 $2,415.7 
v3.20.2
Accrued Expenses and Other Current Liabilities
 9 Months Ended
Sep. 30, 2020
Payables and Accruals [Abstract]  
Accrued Expenses and Other Current Liabilities Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consisted of the following:
September 30, 2020December 31, 2019
Accrued payroll and employee benefits$108.7 $116.9 
Derivative liabilities159.7 93.8 
Current portion of operating lease liabilities39.9 39.5 
Tax-related accruals39.9 30.8 
Accrued legal and professional24.5 28.7 
Accrued marketing and advertising24.5 14.7 
Accrued acquisition-related expenses and acquisition consideration payable11.4 8.3 
Other56.7 33.3 
$465.3 $366.0 
v3.20.2
Long-Term Debt
 9 Months Ended
Sep. 30, 2020
Debt Disclosure [Abstract]  
Long-Term Debt Long-Term Debt
Long-term debt consisted of the following:
 Maturity DateSeptember 30, 2020December 31, 2019
2024 Term Loans (effective interest rate of 2.9% at September 30, 2020 and 4.7% at December 31, 2019)
February 15, 2024$1,813.6 $1,832.3 
2027 Term Loans (effective interest rate of 3.0% at September 30, 2020)
August 10, 2027748.1 — 
Senior Notes (effective interest rate of 5.4% at September 30, 2020 and December 31, 2019)
December 1, 2027600.0 600.0 
Revolver
February 15, 2024— — 
Total3,161.7 2,432.3 
Less: unamortized original issue discount on long-term debt(1)
(14.6)(13.2)
Less: unamortized debt issuance costs(1)
(27.1)(23.9)
Less: current portion of long-term debt(22.6)(18.4)
$3,097.4 $2,376.8 
_________________________________
(1)Original issue discount and debt issuance costs amortized to interest expense over the life of the related debt instruments using the interest method.
Credit Facility
Our secured credit agreement (the Credit Facility) includes our previously-issued term loans (the 2024 Term Loans), a new tranche of term loans issued in August 2020 (the 2027 Term Loans) and a revolving credit facility (the Revolver).
The 2024 Term Loans bear interest at a rate equal to, at our option, either (a) LIBOR plus 1.75% per annum or (b) 0.75% 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%. A portion of these loans are hedged by an interest rate swap, as discussed in Note 10.
In August 2020, we amended the Credit Facility to allow for the issuance of the 2027 Term Loans in an aggregate principal amount of $750.0 million. The 2027 Term Loans were issued at a 0.5% discount on the face of the note at original issue for net proceeds of $746.3 million, which were used to partially fund the payments associated with the settlement of our obligations under certain tax receivable agreements (TRAs), as discussed in Note 15. In conjunction with the issuance of these loans, we recognized an additional $6.5 million in debt issuance costs.
The 2027 Term Loans bear interest at a rate equal to, at our option, either (a) LIBOR plus 2.50% per annum or (b) 1.5% 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%. These loans are hedged by an interest rate swap, as discussed in Note 10. Principal payments comprising 0.25% of the initial principal amount of the 2027 Term Loans are due quarterly, commencing September 30, 2020.
The Revolver bears interest at a rate equal to, at our option, either (a) LIBOR plus a margin ranging from 1.25% to 1.75% per annum or (b) the higher of (i) the Federal Funds Rate plus 0.5%, (ii) the Prime Rate or (iii) one-month LIBOR plus 1.0% plus a margin ranging from 0.25% to 0.75% per annum, with the margins determined based on our first lien secured net leverage ratio.
All LIBOR-based interest rates under the Credit Facility are subject to a 0.0% floor on LIBOR.
At September 30, 2020, we had $600.0 million available for borrowing under the Revolver and were not in violation of any covenants of the Credit Facility.
Senior Notes
Our $600.0 million unsecured senior notes (the Senior Notes) bear interest at 5.25% per annum, payable semiannually on June 1 and December 1, with the full principal balance payable at maturity, subject to earlier repurchase or optional redemption, as described in the indenture governing the Senior Notes.
At September 30, 2020, we were not in violation of any covenants of the Senior Notes.
Fair Value
The estimated fair values of the 2024 Term Loans, the 2027 Term Loans and the Senior Notes were $1,780.7 million, $738.7 million and $627.0 million, respectively, at September 30, 2020 based on observable market prices for these loans, which are traded in less active markets and therefore classified as Level 2 fair value measurements.
Future Debt Maturities
Aggregate principal payments, exclusive of any unamortized original issue discount and debt issuance costs, due on long-term debt as of September 30, 2020 are as follows:
Year Ending December 31:
2020 (remainder of)$8.1 
202132.5 
202232.5 
202332.5 
20241,740.0 
Thereafter1,316.1 
$3,161.7 
v3.20.2
Derivatives and Hedging
 9 Months Ended
Sep. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivatives and Hedging Derivatives and Hedging
We are exposed to changes in foreign currency exchange rates, primarily relating to intercompany 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.
We utilize a variety of derivative instruments, all of which are designated as cash flow hedges, including:
•foreign exchange forward contracts to hedge certain forecasted sales transactions denominated in foreign currency, all of which had maturities of 18 months or less at September 30, 2020;
•a cross-currency swap arrangement used to manage variability due to movements in foreign currency exchange rates related to a Euro-denominated intercompany loan; and
•pay-fixed rate, receive-floating rate interest rate swap arrangements to effectively convert portions of our variable-rate debt to fixed.
In August 2020, in conjunction with the issuance of the 2027 Term Loans discussed in Note 9, we entered into seven-year pay-fixed rate, receive-floating rate interest rate swap arrangements to effectively convert the variable one-month LIBOR interest rate on the 2027 Term Loans borrowings to a fixed rate of 0.705%. These interest rate swaps, which mature on August 10, 2027, had an aggregate notional amount of $750.0 million at inception.
The risk management strategies related to our use of derivatives are consistent with those described in our 2019 Form 10-K.
The following table summarizes our outstanding derivative instruments on a gross basis:
Notional Amount
Fair Value of Derivative Assets(2)
Fair Value of Derivative Liabilities(2)
 September 30, 2020December 31, 2019September 30, 2020December 31, 2019September 30, 2020December 31, 2019
Derivative Instrument:
Level 2:
Foreign exchange forward contracts$261.4 $138.9 $0.2 $— $4.6 $3.3 
Cross-currency swap(1)
1,406.2 1,355.8 — — 101.1 64.1 
Interest rate swaps2,027.2 1,289.0 — — 54.0 26.4 
Total hedges$3,694.8 $2,783.7 $0.2 $— $159.7 $93.8 
_________________________________
(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 of approximately 1.17 and 1.12 at September 30, 2020 and December 31, 2019, respectively.
(2)In our balance sheets, all derivative assets are recorded within prepaid expenses and other current assets and all derivative liabilities are recorded within 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 (Loss)
 Three Months EndedNine Months Ended
September 30, 2020September 30, 2019September 30, 2020September 30, 2019
Derivative Instrument:
Foreign exchange forward contracts(1)
$(9.4)$2.0 $(3.1)$2.8 
Cross-currency swap(7.0)12.3 23.4 28.8 
Interest rate swaps(5.9)(2.7)(27.6)(30.3)
Total hedges$(22.3)$11.6 $(7.3)$1.3 
_________________________________
(1)Amounts include gains and losses realized upon contract settlement but not yet recognized into earnings from AOCI.
The following table summarizes the locations and amounts of gains (losses) recognized within earnings related to our cash flow hedging relationships:
Three Months Ended September 30, 2020Three Months Ended September 30, 2019
RevenueInterest ExpenseOther Income (Expense), NetRevenueInterest ExpenseOther Income (Expense), Net
Foreign exchange forward contracts:
Reclassified from AOCI into income$0.7 $— $— $1.0 $— $— 
Cross-currency swap:
Reclassified from AOCI into income(1)
— 7.0 (58.6)— 7.9 52.3 
Interest rate swaps:
Reclassified from AOCI into income— (8.1)— — (0.7)— 
Total hedges$0.7 $(1.1)$(58.6)$1.0 $7.2 $52.3 
_________________________________
(1)The amount reflected in other income (expense), net includes $58.2 million and $(52.4) million reclassified from AOCI to offset the earnings impact of the remeasurement of the Euro-denominated intercompany loan hedged by the cross-currency swap during the three months ended September 30, 2020 and 2019, respectively.
Nine Months Ended September 30, 2020Nine Months Ended September 30, 2019
RevenueInterest ExpenseOther Income (Expense), NetRevenueInterest ExpenseOther Income (Expense), Net
Foreign exchange forward contracts:
Reclassified from AOCI into income$2.7 $— $— $2.3 $— $— 
Cross-currency swap:
Reclassified from AOCI into income(1)
— 22.1 (61.0)— 22.5 61.1 
Interest rate swaps:
Reclassified from AOCI into income— (17.0)— — (0.5)— 
Total hedges$2.7 $5.1 $(61.0)$2.3 $22.0 $61.1 
_________________________________
(1) The amount reflected in other income (expense), net includes $60.3 million and $(61.6) million reclassified from AOCI to offset the earnings impact of the remeasurement of the Euro-denominated intercompany loan hedged by the cross-currency swap during the nine months ended September 30, 2020 and 2019, respectively.
As of September 30, 2020, we estimate that approximately $5.5 million of net deferred losses related to our designated 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.
v3.20.2
Leases
 9 Months Ended
Sep. 30, 2020
Leases [Abstract]  
Leases Leases
Our operating leases primarily consist of office and data center space expiring at various dates through November 2036. Certain leases include options to renew or terminate at our discretion. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. As of September 30, 2020, operating leases have a remaining weighted average lease term of 8.0 years and our operating lease liabilities were measured using a weighted average discount rate of 5.1%. Finance leases are immaterial.
The components of operating lease expense were as follows:
Three Months EndedNine Months Ended
 September 30, 2020September 30, 2019September 30, 2020September 30, 2019
Operating lease costs
$12.6 $15.1 $40.2 $40.6 
Variable lease costs2.0 1.9 6.7 6.5 
Sublease income
(0.5)(0.9)(2.3)(2.2)
Net lease costs
$14.1 $16.1 $44.6 $44.9 
We recognized an impairment of our operating lease assets during the second quarter of 2020, as discussed in Note 13.
v3.20.2
Commitments and Contingencies
 9 Months Ended
Sep. 30, 2020
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 and certified 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.
On June 13, 2019, we entered into an agreement in principle to settle the class action complaint, Jason Bennett v. GoDaddy.com (Case No. 2:16-cv-03908-DLR)(U.S.D.C.)(D.AZ), filed on June 20, 2016. The complaint alleges violation of the Telephone Consumer Protection Act of 1991 (the TCPA). On September 23, 2019, the parties fully executed a written settlement agreement. On December 16, 2019, we amended the settlement agreement to include two additional putative class action cases,
which also alleged violations of the TCPA: John Herrick v. GoDaddy.com, LLC, D. Ariz. (Case No. 2:16-cv-00254, appeal pending 18-16048 (9th Cir.)) and Susan Drazen v. GoDaddy.com, LLC (Case No 19-cv-00563).
On April 22, 2020, the parties filed statements in response to a request from the Court to refine the class definition, resulting in a reduction in the total number of class members from the original estimated class. Accordingly, we recorded a $2.9 million reduction to general and administrative expenses during the three months ended March 31, 2020, lowering our estimated loss provision for this settlement to $15.1 million at March 31, 2020.
On May 14, 2020, the Court granted approval of the plaintiffs' unopposed motion for preliminary certification of the settlement class, subject to the parties' execution of an amended settlement agreement to remove John Herrick as a class representative. The parties executed such amendment on May 26, 2020, and on June 9, 2020, the Court granted preliminary approval of the final settlement agreement. The Court's order also set October 7, 2020 as the deadline for class members to submit claims and December 14, 2020 as the hearing date regarding final approval of the settlement.
Under the terms of the final settlement agreement, we will make available a total of up to $35.0 million to pay: (i) class members, at their election, either a cash settlement or a credit to be used for future purchases of products from us; (ii) an incentive payment to the class representatives; (iii) notice and administration costs in connection with the settlement; and (iv) attorneys' fees to legal counsel representing the class. Upon final approval, we will receive a full release from the settlement class (other than from those class members who timely elect to opt out of the settlement) concerning the claims asserted, or that could have been asserted, with respect to the claims released in the final settlement agreement.
On September 1, 2020, the Court issued an amended order reducing the attorneys’ fees to be paid to legal counsel representing the class. Additionally, the actual number of claims made by class members through the October 7, 2020 deadline were lower than our original estimates. Based primarily on these two factors, we recorded a $4.8 million reduction to general and administrative expenses during the three months ended September 30, 2020, lowering our estimated loss provision for this settlement to $10.3 million at September 30, 2020. This accrual represents our best estimate of the total settlement costs, inclusive of attorneys' fees to be paid to legal counsel representing the class. The settlement remains subject to the Court’s final approval, which is expected to be received at a hearing on December 14, 2020.
Our legal fees associated with this matter have been recorded to general and administrative expense as incurred and were not material.
We have denied and continue to deny the allegations in the complaint. Nothing in the final settlement agreement shall be deemed to assign or reflect any admission of fault, wrongdoing or liability, or of the appropriateness of a class action in such litigation.
The amounts currently accrued for other matters are not material. While the results of such normal course claims and legal proceedings, regardless of the underlying nature of the claims, 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, claims and legal proceedings may have an adverse effect on us because of defense costs, diversion of management resources and other factors. We may also receive unfavorable preliminary or interim rulings in the course of litigation, and there can be no assurances that favorable final outcomes will be obtained. The final outcome of any current or future claims or lawsuits could adversely affect our business, financial condition or results of operations.
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 September 30, 2020 and December 31, 2019, our accrual for estimated indirect tax liabilities was $9.9 million and $9.4 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.
v3.20.2
Restructuring Charges
 9 Months Ended
Sep. 30, 2020
Restructuring and Related Activities [Abstract]  
Restructuring Charges Restructuring Charges
In June 2020, we announced a restructuring plan related to our outbound sales and operations and recorded $39.4 million of pre-tax restructuring charges in our statements of operations in the second quarter of 2020. During the three months ended September 30, 2020 we recorded an additional $4.3 million, bringing the total pre-tax restructuring charges to $43.7 million. The aggregate charges included: (i) $14.7 million in severance and related benefits to be paid to, or on behalf of, the impacted employees, as well as professional fees incurred in connection with the restructuring; (ii) a $27.9 million impairment of operating lease assets associated with the closure of our leased offices in Austin, Texas; and (iii) $1.1 million of accelerated depreciation and operating lease assets amortization related to the office closures. We do not expect to record any additional material charges related to the restructuring plan.
Cash payments of $13.1 million related to the restructuring were made during the three months ended September 30, 2020, and $1.6 million remains in accrued restructuring costs as of September 30, 2020. We expect to make substantially all remaining restructuring payments in the fourth quarter of 2020.
v3.20.2
Income Taxes
 9 Months Ended
Sep. 30, 2020
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, Germany and India. We anticipate this structure to remain in existence for the foreseeable future.
Our effective tax rate in 2020 differs from the U.S. federal statutory rate primarily due to changes in valuation allowances based on current year earnings as well as the reversal of $3.3 million of previously-established valuation allowances as a result of acquisitions completed during the nine months ended September 30, 2020, partially offset by a charge of $4.0 million due to revaluation of the net deferred tax liability related to our operations in the United Kingdom.
On March 27, 2020, the U.S. federal government enacted the Coronavirus Aid, Relief and Economic Security Act (the CARES Act). The CARES Act did not have a material impact on our benefit for income taxes.
During the nine months ended September 30, 2020, we completed a research and development (R&D) tax credit study for the 2017, 2018 and 2019 tax years, which resulted in a total tax credit of $79.6 million. However, we do not have sufficient tax liability to utilize the majority of these tax credits; therefore, we have established tax credit carryforwards of $77.8 million. We anticipate generating additional R&D tax credits in the 2020 tax year and on a go forward basis.
Based primarily on our limited operating history, our historical tax losses, and the inability to forecast excess tax benefits related to equity-based compensation, we believe there is uncertainty as to when we will be able to utilize certain of 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. In determining the need for a valuation allowance, we use historical and forecasted future operating results, based upon approved business plans, including a review of the eligible carryforward periods, and tax planning strategies. We prepare our estimates and projections quarterly. Should our estimates for income increase and projections show utilization of the tax attributes, we will consider that as significant positive evidence which may lead to the release of some or all of the valuation allowance against our DTAs.
Uncertain Tax Positions
During the nine months ended September 30, 2020, we established a reserve for an uncertain tax position of $16.4 million relating to pre-acquisition tax periods for an acquisition completed during the period. The acquisition agreements provide indemnification related to pre-acquisition tax exposures in certain circumstances. We also established a reserve for an uncertain tax position of $24.4 million relating to R&D tax credits for prior years. As this reserve relates to a tax credit carryforward, we have recorded the reserve as a reduction to the DTA.
There were no other material changes to our liabilities related to uncertain income tax positions. 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.
v3.20.2
Payables Pursuant to the TRAs
 9 Months Ended
Sep. 30, 2020
Related Party Transactions [Abstract]  
Payables Pursuant to the TRAs Payable Pursuant to the TRAs
As described in our 2019 Form 10-K, we were a party to five TRAs with our pre-IPO owners. The TRAs generally required us to pay to such owners, in the aggregate, approximately 85% of any future tax savings we are deemed to realize as a result of tax attributes acquired either in our pre-IPO organizational transactions or as a result of exchanges of LLC Units by such pre-IPO owners for shares of our Class A common stock or cash. Such future tax savings are estimated to total approximately $2.1 billion based on current tax rates.
On July 31, 2020, we entered into settlement and release agreements with respect to four of the TRAs, and an amendment to the fifth TRA (collectively, the TRA Settlement Agreements), pursuant to which we settled all liabilities under the TRAs in exchange for aggregate payments totaling $850.0 million, of which $849.8 million was paid during the three months ended September 30, 2020. Upon payment, we were released from all obligations to the parties to the TRAs, including the holders of unexchanged LLC Units. We recorded a charge of $674.7 million to our statements of operations during the nine months ended September 30, 2020 to adjust the liability under the TRAs from $175.3 million to the aggregate settlement amount.
As a result of the TRA Settlement Agreements, we will retain all of the future cash tax savings from the utilization of the tax attributes we acquired from exchanges of LLC Units subject to the TRAs. In addition, upon execution of these agreements, we generated approximately $180.0 million in additional DTAs. However, given that the negative evidence, including cumulative tax losses in recent years, continues to outweigh the positive evidence, we recorded a full valuation allowance against these DTAs. See Note 14 for additional discussion of the valuation allowances associated with our DTAs.
v3.20.2
Income (Loss) Per Share
 9 Months Ended
Sep. 30, 2020
Earnings Per Share [Abstract]  
Income (Loss) Per Share 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 September 30,Nine Months Ended September 30,
 2020201920202019
Numerator:
Net income (loss)$65.1 $76.8 $(564.9)$77.3 
Less: net income attributable to non-controlling interests0.4 0.6 0.7 0.8 
Net income (loss) attributable to GoDaddy Inc.$64.7 $76.2 $(565.6)$76.5 
Denominator:
Weighted-average shares of Class A common stock outstanding—basic167,258 174,820 168,734 173,957 
Effect of dilutive securities:
Class B common stock1,069 1,543 — 2,592 
Stock options1,704 4,177 — 4,765 
RSUs, PSUs and ESPP shares1,374 1,114 — 1,612 
Weighted-average shares of Class A Common stock outstanding—diluted171,405 181,654 168,734 182,926 
Net income (loss) attributable to GoDaddy Inc. per share of Class A common stock—basic$0.39 $0.44 $(3.35)$0.44 
Net income (loss) attributable to GoDaddy Inc. per share of Class A common stock—diluted(1):
$0.38 $0.42 $(3.35)$0.42 
_________________________________
(1)The diluted income (loss) per share calculations exclude any net income or 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 September 30,Nine Months Ended September 30,
 2020201920202019
Class B common stock— — 1,220 — 
Options1,321 1,840 3,859 1,641 
RSUs, PSUs and ESPP shares413 90 1,825 56 
1,734 1,930 6,904 1,697 
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.
v3.20.2
Geographic Information
 9 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
Geographic Information Geographic Information
Revenue by geography is based on the customer's billing address and was as follows:
 Three Months Ended September 30,Nine Months Ended September 30,
 2020201920202019
U.S.$560.7 $506.2 $1,630.6 $1,460.6 
International283.7 254.3 812.2 747.1 
$844.4 $760.5 $2,442.8 $2,207.7 
No individual international country represented more than 10% of total revenue in any period presented.
Property and equipment, net by geography was as follows:
 September 30, 2020December 31, 2019
U.S.$193.1 $200.4 
International53.6 58.2 
$246.7 $258.6 
No individual international country represented more than 10% of property and equipment, net in any period presented.
v3.20.2
Accumulated Other Comprehensive Loss
 9 Months Ended
Sep. 30, 2020
Equity [Abstract]  
Accumulated Other Comprehensive Loss Accumulated Other Comprehensive Loss
AOCI activity in equity was as follows:
Foreign Currency Translation Adjustments
Net Unrealized Gains (Losses) on Cash Flow Hedges(1)
Total Accumulated Other Comprehensive Income (Loss)
Gross balance as of December 31, 2019(2)
$(54.6)$(24.3)$(78.9)
Other comprehensive income (loss) before reclassifications(44.0)44.3 0.3 
Amounts reclassified from AOCI— (53.2)(53.2)
Other comprehensive income (loss)(44.0)(8.9)(52.9)
$(98.6)$(33.2)(131.8)
Less: AOCI attributable to non-controlling interests0.8 
Balance as of September 30, 2020$(131.0)
Gross balance as of December 31, 2018(2)
$(92.3)$(22.4)$(114.7)
Other comprehensive income (loss) before reclassifications14.1 (84.1)(70.0)
Amounts reclassified from AOCI— 85.4 85.4 
Other comprehensive income (loss)14.1 1.3 15.4 
$(78.2)$(21.1)(99.3)
Less: AOCI attributable to non-controlling interests0.8 
Balance as of September 30, 2019$(98.5)
_________________________________
(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.
(2)Beginning balance is presented on a gross basis, excluding the allocation of AOCI attributable to non-controlling interests.
See Note 10 for the effect on net income (loss) of amounts reclassified from AOCI related to our cash flow hedging instruments.
v3.20.2
Summary of Significant Accounting Policies (Policies)
 9 Months Ended
Sep. 30, 2020
Accounting Policies [Abstract]  
Basis of Presentation
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 interim periods are not necessarily indicative of the results to be expected for any subsequent period or for the year ending December 31, 2020.
These financial statements should be read in conjunction with our audited financial statements and related notes included in our Annual Report on Form 10-K for the year ended December 31, 2019 (the 2019 Form 10-K).
Prior Period Reclassification
Prior Period Reclassifications
Reclassifications of certain immaterial prior period amounts have been made to conform to the current period presentation.
Use of Estimates
Use of Estimates
GAAP requires us to make estimates and assumptions affecting amounts reported in our financial statements. We periodically evaluate our estimates and adjust prospectively, if necessary. We believe our estimates and assumptions are reasonable; however, actual results may differ.
Segment
Segment
As of September 30, 2020, 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 and reportable segment.
Capitalized Internal-Use Software Costs Capitalized Internal-Use Software CostsCosts incurred to develop software for internal-use during the application development phase are capitalized to property and equipment and amortized over such software's estimated useful life. Costs related to the design or maintenance of internal-use software are included in technology and development expenses as incurred.
Assets Recognized from Contract Costs Assets Recognized from Contract CostsFees paid at the inception of a domain registration or renewal represent costs to fulfill a contract. We capitalize and amortize these prepaid domain name registry fees to cost of revenue consistent with the pattern of transfer of the product to which the asset relates.
Recent Accounting Pronouncements
Recent Accounting Pronouncements
In June 2016, the FASB issued new guidance requiring all expected credit losses for financial instruments held at the reporting date to be measured 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. Our adoption of this guidance on a modified retrospective basis on January 1, 2020 did not have a material impact as credit losses have not been, and are not expected to be, significant based on historical collection trends, the financial condition of payment partners and external market factors.
In August 2018, the FASB issued new guidance to modify or eliminate certain fair value disclosures and require additional disclosures for Level 3 measurements. Our adoption of this guidance on January 1, 2020 did not have a material impact.
In August 2018, the FASB issued new guidance aligning the accounting for implementation costs incurred in cloud computing arrangements with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. We adopted this guidance on a prospective basis on January 1, 2020. Amounts capitalized during the nine months ended September 30, 2020 were not material.
In December 2019, the FASB issued new guidance to simplify the accounting for income taxes primarily by eliminating certain exceptions allowable under the existing guidance related to the approach for intraperiod tax allocations, the methodology for calculating income taxes in an interim period and the recognition of deferred tax liabilities for outside basis differences. Our adoption of this guidance on January 1, 2020 did not have a material impact.
In March 2020, the FASB issued guidance providing temporary optional expedients and exceptions related to contract modifications and hedge accounting to ease the financial reporting burden of the expected market transition from the London Interbank Offered Rate (LIBOR) and other interbank offered rates to alternative reference rates. The guidance was effective upon issuance and may be applied prospectively to contract modifications made and hedging relationships entered into or evaluated on or before December 31, 2022. We continue to evaluate our contractual arrangements and hedging relationships that reference LIBOR.
v3.20.2
Summary of Significant Accounting Policies (Tables)
 9 Months Ended
Sep. 30, 2020
Accounting Policies [Abstract]  
Fair Value of Assets and Liabilities Measured on a Recurring Basis
The following tables set forth our material assets and liabilities measured at fair value on a recurring basis:
September 30, 2020
Level 1Level 2Level 3Total
Liabilities:
 Derivative liabilities$— $159.7 $— $159.7 
Total liabilities measured and recorded at fair value$— $159.7 $— $159.7 
December 31, 2019
Level 1Level 2Level 3Total
Assets:
 Cash and cash equivalents:
Reverse repurchase agreements(1)
$— $70.0 $— $70.0 
Commercial paper— 102.0 — 102.0 
Money market funds and time deposits444.0 — — 444.0 
 Short-term investments:
Commercial paper and other0.7 22.9 — 23.6 
Total assets measured and recorded at fair value$444.7 $194.9 $— $639.6 
Liabilities:
 Derivative liabilities $— $93.8 $— $93.8 
Total liabilities measured and recorded at fair value$— $93.8 $— $93.8 
_________________________________
(1)Reverse repurchase agreements include a $70.0 million repurchase agreement with Morgan Stanley, callable with 31 days notice.
v3.20.2
Business Acquisitions (Tables)
 9 Months Ended
Sep. 30, 2020
Business Combinations [Abstract]  
Summary of the Estimated Acquisition Date Fair Values of Assets Acquired and Liabilities Assumed
The following table summarizes the estimated acquisition date fair values of the aggregate assets acquired and liabilities assumed:
Total purchase consideration$454.5 
Fair value of assets acquired and liabilities assumed:
Cash and cash equivalents4.2 
Domain portfolio indefinite-lived intangible assets88.5 
Contractual-based indefinite-lived intangible assets67.0 
Finite-lived intangible assets96.2 
Deferred revenue(17.1)
Other assets and liabilities, net(16.0)
Total assets acquired, net of liabilities assumed222.8 
Goodwill$231.7 
v3.20.2
Goodwill and Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table summarizes changes in our goodwill balance:
Balance at December 31, 2019$2,976.5 
Goodwill related to acquisitions231.7 
Impact of foreign currency translation13.1 
Balance at September 30, 2020$3,221.3 
Schedule of Indefinite-Lived Intangible Assets
Intangible assets, net are summarized as follows:
September 30, 2020
Gross 
Carrying
Amount		Accumulated
Amortization		Net Carrying
Amount
Indefinite-lived intangible assets:
Trade names and branding$445.0 n/a$445.0 
Domain portfolio234.4 n/a234.4 
Contractual-based assets67.0 n/a67.0 
Finite-lived intangible assets:
Customer-related834.2 $(504.4)329.8 
Developed technology184.9 (80.1)104.8 
Trade names and other103.1 (29.4)73.7 
$1,868.6 $(613.9)$1,254.7 

 December 31, 2019
Gross 
Carrying
Amount		Accumulated
Amortization		Net Carrying
Amount
Indefinite-lived intangible assets:
Trade names and branding$445.0 n/a$445.0 
Domain portfolio148.1 n/a148.1 
Finite-lived intangible assets:
Customer-related838.4 $(475.6)362.8 
Developed technology151.5 (67.3)84.2 
Trade names and other81.4 (23.8)57.6 
$1,664.4 $(566.7)$1,097.7 
Schedule of Finite-Lived Intangible Assets
Intangible assets, net are summarized as follows:
September 30, 2020
Gross 
Carrying
Amount		Accumulated
Amortization		Net Carrying
Amount
Indefinite-lived intangible assets:
Trade names and branding$445.0 n/a$445.0 
Domain portfolio234.4 n/a234.4 
Contractual-based assets67.0 n/a67.0 
Finite-lived intangible assets:
Customer-related834.2 $(504.4)329.8 
Developed technology184.9 (80.1)104.8 
Trade names and other103.1 (29.4)73.7 
$1,868.6 $(613.9)$1,254.7 

 December 31, 2019
Gross 
Carrying
Amount		Accumulated
Amortization		Net Carrying
Amount
Indefinite-lived intangible assets:
Trade names and branding$445.0 n/a$445.0 
Domain portfolio148.1 n/a148.1 
Finite-lived intangible assets:
Customer-related838.4 $(475.6)362.8 
Developed technology151.5 (67.3)84.2 
Trade names and other81.4 (23.8)57.6 
$1,664.4 $(566.7)$1,097.7 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
Based on the balance of finite-lived intangible assets at September 30, 2020, expected future amortization expense is as follows:
Year Ending December 31:
2020 (remainder of)$32.2 
2021108.0 
2022104.8 
202386.4 
202473.5 
Thereafter103.4 
$508.3 
v3.20.2
Equity-Based Compensation (Tables)
 9 Months Ended
Sep. 30, 2020
Share-based Payment Arrangement [Abstract]  
Summary of Stock Award Activity
The following table summarizes stock option activity:
Number of
Shares of Class A Common Stock (#)		Weighted-
Average
Grant-
Date Fair
Value Per Share ($)		Weighted-
Average
Exercise
Price Per Share ($)
Outstanding at December 31, 2019
6,304 38.08 
Granted154 22.33 68.05 
Exercised(2,148)27.29 
Forfeited(305)61.14 
Outstanding at September 30, 2020
4,005 43.26 
Vested at September 30, 2020
2,739 33.56 
The following table summarizes stock award activity:
Number of
Shares of Class A Common Stock (#)
Outstanding at December 31, 20195,240 
Granted: RSUs3,411 
Granted: TSR-based PSUs414 
Vested(1,985)
Forfeited(583)
Outstanding at September 30, 2020(1)
6,497 
_________________________________
(1)Includes financial-based PSUs for which performance targets have not yet been established, and which are not yet considered granted for accounting purposes. The balance of outstanding awards is comprised of the following:
Number of
Shares of Class A Common Stock (#)		Weighted-Average Grant-Date Fair Value Per Share ($)
RSUs5,604 69.18
TSR-based PSUs396 106.14
Financial-based PSUs granted for accounting purposes257 66.94
Financial-based PSUs not yet granted for accounting purposes240 N/A
Outstanding at September 30, 20206,497 
v3.20.2
Deferred Revenue (Tables)
 9 Months Ended
Sep. 30, 2020
Revenue from Contract with Customer [Abstract]  
Composition of Deferred Revenue
Deferred revenue consisted of the following:
September 30, 2020December 31, 2019
Current:
Domains$810.6 $752.7 
Hosting and presence570.6 526.7 
Business applications318.8 265.0 
$1,700.0 $1,544.4 
Noncurrent:
Domains$404.2 $382.2 
Hosting and presence216.7 187.2 
Business applications94.8 85.0 
$715.7 $654.4 
Expected Recognition of Deferred Revenue The deferred revenue balance as of September 30, 2020 represents our aggregate remaining performance obligations that will be recognized as revenue over the period in which the performance obligations are satisfied, and is expected to be recognized as revenue as follows:
Remainder of 2020
2021202220232024ThereafterTotal
Domains$310.4 $570.9 $166.1 $72.2 $41.4 $53.8 $1,214.8 
Hosting and presence235.9 370.6 116.2 33.0 14.3 17.3 787.3 
Business applications127.4 210.2 55.6 14.6 3.3 2.5 413.6 
$673.7 $1,151.7 $337.9 $119.8 $59.0 $73.6 $2,415.7 
v3.20.2
Accrued Expenses and Other Current Liabilities (Tables)
 9 Months Ended
Sep. 30, 2020
Payables and Accruals [Abstract]  
Composition of Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consisted of the following:
September 30, 2020December 31, 2019
Accrued payroll and employee benefits$108.7 $116.9 
Derivative liabilities159.7 93.8 
Current portion of operating lease liabilities39.9 39.5 
Tax-related accruals39.9 30.8 
Accrued legal and professional24.5 28.7 
Accrued marketing and advertising24.5 14.7 
Accrued acquisition-related expenses and acquisition consideration payable11.4 8.3 
Other56.7 33.3 
$465.3 $366.0 
v3.20.2
Long-Term Debt (Tables)
 9 Months Ended
Sep. 30, 2020
Debt Disclosure [Abstract]  
Composition of Long-Term Debt
Long-term debt consisted of the following:
 Maturity DateSeptember 30, 2020December 31, 2019
2024 Term Loans (effective interest rate of 2.9% at September 30, 2020 and 4.7% at December 31, 2019)
February 15, 2024$1,813.6 $1,832.3 
2027 Term Loans (effective interest rate of 3.0% at September 30, 2020)
August 10, 2027748.1 — 
Senior Notes (effective interest rate of 5.4% at September 30, 2020 and December 31, 2019)
December 1, 2027600.0 600.0 
Revolver
February 15, 2024— — 
Total3,161.7 2,432.3 
Less: unamortized original issue discount on long-term debt(1)
(14.6)(13.2)
Less: unamortized debt issuance costs(1)
(27.1)(23.9)
Less: current portion of long-term debt(22.6)(18.4)
$3,097.4 $2,376.8 
_________________________________
(1)Original issue discount and debt issuance costs amortized to interest expense over the life of the related debt instruments using the interest method.
Aggregate Principal Payments Due on Long-Term Debt
Aggregate principal payments, exclusive of any unamortized original issue discount and debt issuance costs, due on long-term debt as of September 30, 2020 are as follows:
Year Ending December 31:
2020 (remainder of)$8.1 
202132.5 
202232.5 
202332.5 
20241,740.0 
Thereafter1,316.1 
$3,161.7 
v3.20.2
Derivatives and Hedging (Tables)
 9 Months Ended
Sep. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Outstanding Derivative Instruments
The following table summarizes our outstanding derivative instruments on a gross basis:
Notional Amount
Fair Value of Derivative Assets(2)
Fair Value of Derivative Liabilities(2)
 September 30, 2020December 31, 2019September 30, 2020December 31, 2019September 30, 2020December 31, 2019
Derivative Instrument:
Level 2:
Foreign exchange forward contracts$261.4 $138.9 $0.2 $— $4.6 $3.3 
Cross-currency swap(1)
1,406.2 1,355.8 — — 101.1 64.1 
Interest rate swaps2,027.2 1,289.0 — — 54.0 26.4 
Total hedges$3,694.8 $2,783.7 $0.2 $— $159.7 $93.8 
_________________________________
(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 of approximately 1.17 and 1.12 at September 30, 2020 and December 31, 2019, respectively.
(2)In our balance sheets, all derivative assets are recorded within prepaid expenses and other current assets and all derivative liabilities are recorded within accrued expenses and other current liabilities.
Summary of the Gains (Losses) Recognized within Earnings Related to Derivative Instruments
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 (Loss)
 Three Months EndedNine Months Ended
September 30, 2020September 30, 2019September 30, 2020September 30, 2019
Derivative Instrument:
Foreign exchange forward contracts(1)
$(9.4)$2.0 $(3.1)$2.8 
Cross-currency swap(7.0)12.3 23.4 28.8 
Interest rate swaps(5.9)(2.7)(27.6)(30.3)
Total hedges$(22.3)$11.6 $(7.3)$1.3 
_________________________________
(1)Amounts include gains and losses realized upon contract settlement but not yet recognized into earnings from AOCI.
The following table summarizes the locations and amounts of gains (losses) recognized within earnings related to our cash flow hedging relationships:
Three Months Ended September 30, 2020Three Months Ended September 30, 2019
RevenueInterest ExpenseOther Income (Expense), NetRevenueInterest ExpenseOther Income (Expense), Net
Foreign exchange forward contracts:
Reclassified from AOCI into income$0.7 $— $— $1.0 $— $— 
Cross-currency swap:
Reclassified from AOCI into income(1)
— 7.0 (58.6)— 7.9 52.3 
Interest rate swaps:
Reclassified from AOCI into income— (8.1)— — (0.7)— 
Total hedges$0.7 $(1.1)$(58.6)$1.0 $7.2 $52.3 
_________________________________
(1)The amount reflected in other income (expense), net includes $58.2 million and $(52.4) million reclassified from AOCI to offset the earnings impact of the remeasurement of the Euro-denominated intercompany loan hedged by the cross-currency swap during the three months ended September 30, 2020 and 2019, respectively.
Nine Months Ended September 30, 2020Nine Months Ended September 30, 2019
RevenueInterest ExpenseOther Income (Expense), NetRevenueInterest ExpenseOther Income (Expense), Net
Foreign exchange forward contracts:
Reclassified from AOCI into income$2.7 $— $— $2.3 $— $— 
Cross-currency swap:
Reclassified from AOCI into income(1)
— 22.1 (61.0)— 22.5 61.1 
Interest rate swaps:
Reclassified from AOCI into income— (17.0)— — (0.5)— 
Total hedges$2.7 $5.1 $(61.0)$2.3 $22.0 $61.1 
_________________________________
(1) The amount reflected in other income (expense), net includes $60.3 million and $(61.6) million reclassified from AOCI to offset the earnings impact of the remeasurement of the Euro-denominated intercompany loan hedged by the cross-currency swap during the nine months ended September 30, 2020 and 2019, respectively.
v3.20.2
Leases (Tables)
 9 Months Ended
Sep. 30, 2020
Leases [Abstract]  
Components of Lease Expenses
The components of operating lease expense were as follows:
Three Months EndedNine Months Ended
 September 30, 2020September 30, 2019September 30, 2020September 30, 2019
Operating lease costs
$12.6 $15.1 $40.2 $40.6 
Variable lease costs2.0 1.9 6.7 6.5 
Sublease income
(0.5)(0.9)(2.3)(2.2)
Net lease costs
$14.1 $16.1 $44.6 $44.9 
v3.20.2
Income (Loss) Per Share (Tables)
 9 Months Ended
Sep. 30, 2020
Earnings Per Share [Abstract]  
Reconciliation of the Numerator and Denominator Used in the Calculation of Basic and Diluted Net Income (Loss) Per Share
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 September 30,Nine Months Ended September 30,
 2020201920202019
Numerator:
Net income (loss)$65.1 $76.8 $(564.9)$77.3 
Less: net income attributable to non-controlling interests0.4 0.6 0.7 0.8 
Net income (loss) attributable to GoDaddy Inc.$64.7 $76.2 $(565.6)$76.5 
Denominator:
Weighted-average shares of Class A common stock outstanding—basic167,258 174,820 168,734 173,957 
Effect of dilutive securities:
Class B common stock1,069 1,543 — 2,592 
Stock options1,704 4,177 — 4,765 
RSUs, PSUs and ESPP shares1,374 1,114 — 1,612 
Weighted-average shares of Class A Common stock outstanding—diluted171,405 181,654 168,734 182,926 
Net income (loss) attributable to GoDaddy Inc. per share of Class A common stock—basic$0.39 $0.44 $(3.35)$0.44 
Net income (loss) attributable to GoDaddy Inc. per share of Class A common stock—diluted(1):
$0.38 $0.42 $(3.35)$0.42 
_________________________________
(1)The diluted income (loss) per share calculations exclude any net income or loss attributable to non-controlling interests.
Summary of Weighted Average Potentially Dilutive Shares
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 September 30,Nine Months Ended September 30,
 2020201920202019
Class B common stock— — 1,220 — 
Options1,321 1,840 3,859 1,641 
RSUs, PSUs and ESPP shares413 90 1,825 56 
1,734 1,930 6,904 1,697 
v3.20.2
Geographic Information (Tables)
 9 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
Revenue by Geography
Revenue by geography is based on the customer's billing address and was as follows:
 Three Months Ended September 30,Nine Months Ended September 30,
 2020201920202019
U.S.$560.7 $506.2 $1,630.6 $1,460.6 
International283.7 254.3 812.2 747.1 
$844.4 $760.5 $2,442.8 $2,207.7 
Property and Equipment, Net by Geography
Property and equipment, net by geography was as follows:
 September 30, 2020December 31, 2019
U.S.$193.1 $200.4 
International53.6 58.2 
$246.7 $258.6 
v3.20.2
Accumulated Other Comprehensive Loss (Tables)
 9 Months Ended
Sep. 30, 2020
Equity [Abstract]  
OCI Activity in Equity
AOCI activity in equity was as follows:
Foreign Currency Translation Adjustments
Net Unrealized Gains (Losses) on Cash Flow Hedges(1)
Total Accumulated Other Comprehensive Income (Loss)
Gross balance as of December 31, 2019(2)
$(54.6)$(24.3)$(78.9)
Other comprehensive income (loss) before reclassifications(44.0)44.3 0.3 
Amounts reclassified from AOCI— (53.2)(53.2)
Other comprehensive income (loss)(44.0)(8.9)(52.9)
$(98.6)$(33.2)(131.8)
Less: AOCI attributable to non-controlling interests0.8 
Balance as of September 30, 2020$(131.0)
Gross balance as of December 31, 2018(2)
$(92.3)$(22.4)$(114.7)
Other comprehensive income (loss) before reclassifications14.1 (84.1)(70.0)
Amounts reclassified from AOCI— 85.4 85.4 
Other comprehensive income (loss)14.1 1.3 15.4 
$(78.2)$(21.1)(99.3)
Less: AOCI attributable to non-controlling interests0.8 
Balance as of September 30, 2019$(98.5)
_________________________________
(1)Amounts shown for our foreign exchange forward contracts include gains and losses realized upon contract settlement but not yet recognized into earnings from AOCI.
(2)Beginning balance is presented on a gross basis, excluding the allocation of AOCI attributable to non-controlling interests.
v3.20.2
Organization and Background (Details)
 9 Months Ended
Sep. 30, 2020
segment
Class of Stock [Line Items]  
Number of operating segments 1
Number of reportable segments 1
Desert Newco, LLC  
Class of Stock [Line Items]  
LLC units held (as a percent) 99.00%
v3.20.2
Summary of Significant Accounting Policies - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Accounting Policies [Abstract]        
Capitalized internal use software costs     $ 7.4 $ 8.5
Amortization of contract costs $ 161.0 $ 154.3 $ 481.7 $ 456.6
v3.20.2
Summary of Significant Accounting Policies - Fair Value of Assets and Liabilities Measured on a Recurring Basis (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2019
Sep. 30, 2020
Morgan Stanley    
Liabilities:    
Repurchase agreement amount $ 70.0  
Notice period 31 days  
Measured on a Recurring Basis    
Assets:    
Total assets measured and recorded at fair value $ 639.6  
Liabilities:    
Derivative liabilities 93.8 $ 159.7
Total liabilities measured and recorded at fair value 93.8 159.7
Measured on a Recurring Basis | Reverse repurchase agreements    
Assets:    
Cash and cash equivalents 70.0  
Measured on a Recurring Basis | Commercial paper and other    
Assets:    
Cash and cash equivalents 102.0  
Short-term investments 23.6  
Measured on a Recurring Basis | Money market funds and time deposits    
Assets:    
Cash and cash equivalents 444.0  
Level 1 | Measured on a Recurring Basis    
Assets:    
Total assets measured and recorded at fair value 444.7  
Liabilities:    
Derivative liabilities 0.0 0.0
Total liabilities measured and recorded at fair value 0.0 0.0
Level 1 | Measured on a Recurring Basis | Reverse repurchase agreements    
Assets:    
Cash and cash equivalents 0.0  
Level 1 | Measured on a Recurring Basis | Commercial paper and other    
Assets:    
Cash and cash equivalents 0.0  
Short-term investments 0.7  
Level 1 | Measured on a Recurring Basis | Money market funds and time deposits    
Assets:    
Cash and cash equivalents 444.0  
Level 2 | Measured on a Recurring Basis    
Assets:    
Total assets measured and recorded at fair value 194.9  
Liabilities:    
Derivative liabilities 93.8 159.7
Total liabilities measured and recorded at fair value 93.8 159.7
Level 2 | Measured on a Recurring Basis | Reverse repurchase agreements    
Assets:    
Cash and cash equivalents 70.0  
Level 2 | Measured on a Recurring Basis | Commercial paper and other    
Assets:    
Cash and cash equivalents 102.0  
Short-term investments 22.9  
Level 2 | Measured on a Recurring Basis | Money market funds and time deposits    
Assets:    
Cash and cash equivalents 0.0  
Level 3 | Measured on a Recurring Basis    
Assets:    
Total assets measured and recorded at fair value 0.0  
Liabilities:    
Derivative liabilities 0.0 0.0
Total liabilities measured and recorded at fair value 0.0 $ 0.0
Level 3 | Measured on a Recurring Basis | Reverse repurchase agreements    
Assets:    
Cash and cash equivalents 0.0  
Level 3 | Measured on a Recurring Basis | Commercial paper and other    
Assets:    
Cash and cash equivalents 0.0  
Short-term investments 0.0  
Level 3 | Measured on a Recurring Basis | Money market funds and time deposits    
Assets:    
Cash and cash equivalents $ 0.0  
v3.20.2
Business Acquisitions - Narrative (Details)
$ in Millions
 1 Months Ended 9 Months Ended
Aug. 31, 2020
USD ($)
Sep. 30, 2020
USD ($)
buisness
Business Acquisition [Line Items]    
Settlement of pre-existing contractual relationships $ 19.4  
Neustar, Inc. and Other Acquisitions    
Business Acquisition [Line Items]    
Number of acquisitions | buisness   4
Expected amount of goodwill deductible for income tax purposes   $ 92.0
Weighted average amortization period of acquired finite-lived intangible assets   5 years 6 months
Neustar, Inc.    
Business Acquisition [Line Items]    
Cash paid to acquire business $ 215.9  
Purchase consideration   $ 219.2
Cash payable in future periods upon expiration of the contractual holdback period   $ 10.2
Other Acquisitions    
Business Acquisition [Line Items]    
Number of acquisitions | buisness   3
v3.20.2
Business Acquisitions - Summary of the Estimated Acquisition Date Fair Values of Assets Acquired and Liabilities Assumed (Details) - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Fair value of assets acquired and liabilities assumed:    
Goodwill $ 3,221.3 $ 2,976.5
Neustar, Inc. and Other Acquisitions    
Business Acquisition [Line Items]    
Total purchase consideration 454.5  
Fair value of assets acquired and liabilities assumed:    
Cash and cash equivalents 4.2  
Finite-lived intangible assets 96.2  
Deferred revenue (17.1)  
Other assets and liabilities, net (16.0)  
Total assets acquired, net of liabilities assumed 222.8  
Goodwill 231.7  
Neustar, Inc. and Other Acquisitions | Domain portfolio    
Fair value of assets acquired and liabilities assumed:    
Indefinite-lived intangible assets 88.5  
Neustar, Inc. and Other Acquisitions | Contractual-based assets    
Fair value of assets acquired and liabilities assumed:    
Indefinite-lived intangible assets $ 67.0  
v3.20.2
Goodwill and Intangible Assets - Schedule of Goodwill (Details)
$ in Millions
 9 Months Ended
Sep. 30, 2020
USD ($)
Goodwill [Roll Forward]  
Balance at December 31, 2019 $ 2,976.5
Goodwill related to acquisitions 231.7
Impact of foreign currency translation 13.1
Balance at September 30, 2020 $ 3,221.3
v3.20.2
Goodwill and Intangible Assets - Schedule of Intangible Assets (Details) - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]    
Accumulated Amortization $ (613.9) $ (566.7)
Net Carrying Amount 508.3  
Gross  Carrying Amount 1,868.6 1,664.4
Net Carrying Amount 1,254.7 1,097.7
Trade names and branding    
Indefinite-lived Intangible Assets [Line Items]    
Carrying Amount 445.0 445.0
Domain portfolio    
Indefinite-lived Intangible Assets [Line Items]    
Carrying Amount 234.4 148.1
Contractual-based assets    
Indefinite-lived Intangible Assets [Line Items]    
Carrying Amount 67.0  
Customer-related    
Finite-Lived Intangible Assets [Line Items]    
Gross  Carrying Amount 834.2 838.4
Accumulated Amortization (504.4) (475.6)
Net Carrying Amount 329.8 362.8
Developed technology    
Finite-Lived Intangible Assets [Line Items]    
Gross  Carrying Amount 184.9 151.5
Accumulated Amortization (80.1) (67.3)
Net Carrying Amount 104.8 84.2
Trade names and other    
Finite-Lived Intangible Assets [Line Items]    
Gross  Carrying Amount 103.1 81.4
Accumulated Amortization (29.4) (23.8)
Net Carrying Amount $ 73.7 $ 57.6
v3.20.2
Goodwill and Intangible Assets - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Finite-Lived Intangible Assets [Line Items]        
Amortization expense $ 32.0 $ 29.0 $ 94.3 $ 91.0
Weighted Average        
Finite-Lived Intangible Assets [Line Items]        
Weighted average remaining amortization period     62 months  
Customer-related        
Finite-Lived Intangible Assets [Line Items]        
Weighted average remaining amortization period     64 months  
Developed technology        
Finite-Lived Intangible Assets [Line Items]        
Weighted average remaining amortization period     41 months  
Trade names and other        
Finite-Lived Intangible Assets [Line Items]        
Weighted average remaining amortization period     82 months  
v3.20.2
Goodwill and Intangible Assets - Future Amortization of Finite Lived Intangible Assets (Details)
$ in Millions
Sep. 30, 2020
USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]  
2020 (remainder of) $ 32.2
2021 108.0
2022 104.8
2023 86.4
2024 73.5
Thereafter 103.4
Net Carrying Amount $ 508.3
v3.20.2
Stockholders' Equity (Details) - USD ($)
shares in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2020
Mar. 31, 2020
Sep. 30, 2019
Sep. 30, 2020
May 30, 2020
Class of Stock [Line Items]          
Share repurchase program, approved amount         $ 500,000,000.0
Aggregate purchase price $ 143,700,000 $ 398,000,000.0 $ 399,600,000    
Share repurchase program, remaining available amount under approved programs       $ 500,000,000.0  
Class A Common Stock          
Class of Stock [Line Items]          
Repurchases of Class A common stock (in shares)       9,986  
Aggregate purchase price       $ 541,700,000  
v3.20.2
Equity-Based Compensation - Narrative (Details)
shares in Thousands, $ in Millions
 9 Months Ended
Sep. 30, 2020
USD ($)
shares
Jan. 01, 2020
shares
Dec. 31, 2019
shares
TSR-based PSUs      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Performance period 3 years    
TSR-based PSUs | Minimum      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Percent of originally granted PSUs received as shares on the settlement date 0.00%    
TSR-based PSUs | Maximum      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Percent of originally granted PSUs received as shares on the settlement date 200.00%    
TSR-based PSUs | Dividend Rate      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Measurement input 0    
Options      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Unrecognized compensation costs | $ $ 21.2    
Weighted average recognition period 2 years 2 months 12 days    
Stock Awards      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Unrecognized compensation costs | $ $ 295.4    
Weighted average recognition period 2 years 7 months 6 days    
2015 Equity Incentive Plan | Class A Common Stock | Equity Incentive Plan      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Shares reserved for future issuance (in shares)     23,363
Additional shares reserved for future issuance (in shares)   6,974  
Shares reserved for issuance (in shares) 27,246    
2015 Employee Stock Purchase Plan | Class A Common Stock | ESPP      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Shares reserved for future issuance (in shares)     3,575
Additional shares reserved for future issuance (in shares)   1,000  
Shares reserved for issuance (in shares) 4,273    
v3.20.2
Equity-Based Compensation - Summary of Stock Option Activity (Details)
shares in Thousands
 9 Months Ended
Sep. 30, 2020
$ / shares
shares
Number of Shares of Class A Common Stock (#)  
Outstanding at beginning of period (in shares) | shares 6,304
Granted (in shares) | shares 154
Exercised (in shares) | shares (2,148)
Forfeited (in shares) | shares (305)
Outstanding at end of period (in shares) | shares 4,005
Vested at end of period (in shares) | shares 2,739
Weighted-average grant date fair value per share (in dollars per share) $ 22.33
Weighted- Average Exercise Price Per Share ($)  
Outstanding weighted average exercise price (in dollars per share) 38.08
Granted (in dollars per share) 68.05
Exercised (in dollars per share) 27.29
Forfeited (in dollars per share) 61.14
Outstanding weighted average exercise price (in dollars per share) 43.26
Vested at end of period (in dollars per share) $ 33.56
v3.20.2
Equity-Based Compensation - Summary of Stock Award Activity (Details)
 9 Months Ended
Sep. 30, 2020
$ / shares
shares
Number of Shares of Class A Common Stock (#)  
Outstanding at beginning of period (in shares) 5,240,000
Vested (in shares) (1,985,000)
Forfeited (in shares) (583,000)
Outstanding at end of period (in shares) 6,497,000
RSUs  
Number of Shares of Class A Common Stock (#)  
Granted (in shares) 3,411,000
Outstanding at end of period (in shares) 5,604,000
Weighted-average grant-date fair value per share (in dollars per share) | $ / shares $ 69.18
TSR-based PSUs  
Number of Shares of Class A Common Stock (#)  
Granted (in shares) 414,000
Outstanding at end of period (in shares) 396,000
Weighted-average grant-date fair value per share (in dollars per share) | $ / shares $ 106.14
Financial-based PSUs granted for accounting purposes  
Number of Shares of Class A Common Stock (#)  
Outstanding at end of period (in shares) 257,000
Weighted-average grant-date fair value per share (in dollars per share) | $ / shares $ 66.94
Financial-based PSUs not yet granted for accounting purposes  
Number of Shares of Class A Common Stock (#)  
Outstanding at end of period (in shares) 240,000
v3.20.2
Deferred Revenue - Composition of Deferred Revenue (Details) - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Disaggregation of Revenue [Line Items]    
Deferred revenue, current $ 1,700.0 $ 1,544.4
Deferred revenue, noncurrent 715.7 654.4
Domains    
Disaggregation of Revenue [Line Items]    
Deferred revenue, current 810.6 752.7
Deferred revenue, noncurrent 404.2 382.2
Hosting and presence    
Disaggregation of Revenue [Line Items]    
Deferred revenue, current 570.6 526.7
Deferred revenue, noncurrent 216.7 187.2
Business applications    
Disaggregation of Revenue [Line Items]    
Deferred revenue, current 318.8 265.0
Deferred revenue, noncurrent $ 94.8 $ 85.0
v3.20.2
Deferred Revenue - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2020
Revenue from Contract with Customer [Abstract]    
Revenue recognized $ 371.9 $ 1,477.9
v3.20.2
Deferred Revenue - Expected Recognition of Deferred Revenue (Details)
$ in Millions
Sep. 30, 2020
USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 2,415.7
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-10-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 673.7
Expected recognition period 3 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 1,151.7
Expected recognition period 1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 337.9
Expected recognition period 1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 119.8
Expected recognition period 1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 59.0
Expected recognition period 1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 73.6
Expected recognition period
Domains  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 1,214.8
Domains | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-10-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 310.4
Expected recognition period 3 months
Domains | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 570.9
Expected recognition period 1 year
Domains | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 166.1
Expected recognition period 1 year
Domains | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 72.2
Expected recognition period 1 year
Domains | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 41.4
Expected recognition period 1 year
Domains | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 53.8
Expected recognition period
Hosting and presence  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 787.3
Hosting and presence | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-10-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 235.9
Expected recognition period 3 months
Hosting and presence | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 370.6
Expected recognition period 1 year
Hosting and presence | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 116.2
Expected recognition period 1 year
Hosting and presence | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 33.0
Expected recognition period 1 year
Hosting and presence | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 14.3
Expected recognition period 1 year
Hosting and presence | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 17.3
Expected recognition period
Business applications  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 413.6
Business applications | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-10-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 127.4
Expected recognition period 3 months
Business applications | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 210.2
Expected recognition period 1 year
Business applications | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 55.6
Expected recognition period 1 year
Business applications | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 14.6
Expected recognition period 1 year
Business applications | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 3.3
Expected recognition period 1 year
Business applications | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 2.5
Expected recognition period
v3.20.2
Accrued Expenses and Other Current Liabilities (Details) - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Payables and Accruals [Abstract]    
Accrued payroll and employee benefits $ 108.7 $ 116.9
Derivative liabilities 159.7 93.8
Current portion of operating lease liabilities 39.9 39.5
Tax-related accruals 39.9 30.8
Accrued legal and professional 24.5 28.7
Accrued marketing and advertising 24.5 14.7
Accrued acquisition-related expenses and acquisition consideration payable 11.4 8.3
Other 56.7 33.3
Accrued expenses and other current liabilities $ 465.3 $ 366.0
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List] us-gaap:AccruedLiabilitiesCurrent us-gaap:AccruedLiabilitiesCurrent
v3.20.2
Long-Term Debt - Composition of Long-Term Debt (Details) - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Debt Instrument [Line Items]    
Long-term debt $ 3,161.7 $ 2,432.3
Less unamortized original issue discount on long-term debt (14.6) (13.2)
Less unamortized debt issuance costs (27.1) (23.9)
Less current portion of long-term debt (22.6) (18.4)
Long-term debt, net of current portion 3,097.4 2,376.8
Existing Term Loans | Secured Debt    
Debt Instrument [Line Items]    
Long-term debt $ 1,813.6 $ 1,832.3
Effective interest rate percentage 2.90% 4.70%
2020 Term Loans | Secured Debt    
Debt Instrument [Line Items]    
Long-term debt $ 748.1 $ 0.0
Effective interest rate percentage 3.00%  
Senior Notes | Senior Notes    
Debt Instrument [Line Items]    
Long-term debt $ 600.0 $ 600.0
Effective interest rate percentage 5.40% 5.40%
Revolver | Line of Credit | Revolving Credit Facility    
Debt Instrument [Line Items]    
Long-term debt $ 0.0 $ 0.0
v3.20.2
Long-Term Debt - Narrative (Details) - USD ($)
 1 Months Ended 9 Months Ended
Aug. 31, 2020
Sep. 30, 2020
Sep. 30, 2019
Dec. 31, 2019
Debt Instrument [Line Items]        
Issuance of term loans   $ 746,300,000 $ 0  
Debt issuance costs   27,100,000   $ 23,900,000
Existing Term Loans | Senior Notes | Level 2        
Debt Instrument [Line Items]        
Estimated fair value of long-term debt   1,780,700,000    
2020 Term Loans | Senior Notes | Level 2        
Debt Instrument [Line Items]        
Estimated fair value of long-term debt   738,700,000    
Senior Notes | Senior Notes        
Debt Instrument [Line Items]        
Face amount of long-term debt   $ 600,000,000.0    
Stated interest rate   5.25%    
Senior Notes | Senior Notes | Level 2        
Debt Instrument [Line Items]        
Estimated fair value of long-term debt   $ 627,000,000.0    
Line of Credit | LIBOR        
Debt Instrument [Line Items]        
Variable rate floor   0.00%    
Line of Credit | Existing Term Loans | LIBOR | Option 1        
Debt Instrument [Line Items]        
Basis spread on variable rate 1.75%      
Line of Credit | Existing Term Loans | LIBOR | Option 2        
Debt Instrument [Line Items]        
Basis spread on variable rate 1.00%      
Line of Credit | Existing Term Loans | Base Rate | Option 2        
Debt Instrument [Line Items]        
Basis spread on variable rate 0.75%      
Line of Credit | Existing Term Loans | Federal Funds Rate | Option 2        
Debt Instrument [Line Items]        
Basis spread on variable rate 0.50%      
Line of Credit | 2020 Term Loans        
Debt Instrument [Line Items]        
Face amount of long-term debt $ 750,000,000.0      
Discount rate 0.50%      
Issuance of term loans $ 746,300,000      
Debt issuance costs $ 6,500,000      
Quarterly principal payment rate 0.25%      
Line of Credit | 2020 Term Loans | LIBOR        
Debt Instrument [Line Items]        
Basis spread on variable rate 2.50%      
Line of Credit | 2020 Term Loans | LIBOR | Option 1        
Debt Instrument [Line Items]        
Basis spread on variable rate 1.00%      
Line of Credit | 2020 Term Loans | Base Rate        
Debt Instrument [Line Items]        
Basis spread on variable rate 1.50%      
Line of Credit | 2020 Term Loans | Federal Funds Rate        
Debt Instrument [Line Items]        
Basis spread on variable rate 0.50%      
Line of Credit | Revolver        
Debt Instrument [Line Items]        
Available borrowing capacity   $ 600,000,000.0    
Line of Credit | Revolver | LIBOR | Minimum        
Debt Instrument [Line Items]        
Basis spread on variable rate   1.25%    
Line of Credit | Revolver | LIBOR | Maximum        
Debt Instrument [Line Items]        
Basis spread on variable rate   1.75%    
Line of Credit | Revolver | LIBOR | Option 1        
Debt Instrument [Line Items]        
Basis spread on variable rate   1.00%    
Line of Credit | Revolver | LIBOR | Option 1 | Minimum        
Debt Instrument [Line Items]        
Basis spread on variable rate   0.25%    
Line of Credit | Revolver | LIBOR | Option 1 | Maximum        
Debt Instrument [Line Items]        
Basis spread on variable rate   0.75%    
Line of Credit | Revolver | Federal Funds Rate        
Debt Instrument [Line Items]        
Basis spread on variable rate   0.50%    
v3.20.2
Long-Term Debt - Aggregate Principal Payments Due on Long-Term Debt (Details) - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Debt Disclosure [Abstract]    
2020 (remainder of) $ 8.1  
2021 32.5  
2022 32.5  
2023 32.5  
2024 1,740.0  
Thereafter 1,316.1  
Aggregate principal payments $ 3,161.7 $ 2,432.3
v3.20.2
Derivatives and Hedging - Summary of Outstanding Derivative Instruments (Details) - Cash Flow Hedging - Designated as Hedging Instrument
Sep. 30, 2020
USD ($)
€ / $
Aug. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
€ / $
Level 2      
Derivative [Line Items]      
Notional amount $ 3,694,800,000   $ 2,783,700,000
Level 2 | Prepaid Expenses and Other Current Assets      
Derivative [Line Items]      
Fair value of derivative assets 200,000   0
Level 2 | Accrued Expenses and Other Current Liabilities      
Derivative [Line Items]      
Fair value of derivative liabilities 159,700,000   93,800,000
Foreign exchange forward contracts | Level 2      
Derivative [Line Items]      
Notional amount 261,400,000   138,900,000
Foreign exchange forward contracts | Level 2 | Prepaid Expenses and Other Current Assets      
Derivative [Line Items]      
Fair value of derivative assets 200,000   0
Foreign exchange forward contracts | Level 2 | Accrued Expenses and Other Current Liabilities      
Derivative [Line Items]      
Fair value of derivative liabilities $ 4,600,000   $ 3,300,000
Cross-currency swap      
Derivative [Line Items]      
Euro to U.S. dollar exchange rate for translation | € / $ 1.17   1.12
Cross-currency swap | Level 2      
Derivative [Line Items]      
Notional amount $ 1,406,200,000   $ 1,355,800,000
Cross-currency swap | Level 2 | Prepaid Expenses and Other Current Assets      
Derivative [Line Items]      
Fair value of derivative assets 0   0
Cross-currency swap | Level 2 | Accrued Expenses and Other Current Liabilities      
Derivative [Line Items]      
Fair value of derivative liabilities 101,100,000   64,100,000
Interest rate swaps      
Derivative [Line Items]      
Notional amount   $ 750,000,000.0  
Interest rate swaps | Level 2      
Derivative [Line Items]      
Notional amount 2,027,200,000   1,289,000,000.0
Interest rate swaps | Level 2 | Prepaid Expenses and Other Current Assets      
Derivative [Line Items]      
Fair value of derivative assets 0   0
Interest rate swaps | Level 2 | Accrued Expenses and Other Current Liabilities      
Derivative [Line Items]      
Fair value of derivative liabilities $ 54,000,000.0   $ 26,400,000
v3.20.2
Derivatives and Hedging - Summary of the Gains (Losses) Recognized within Earnings Related to Derivative Instruments (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Derivative [Line Items]        
Unrealized Gains (Losses) Recognized in Other Comprehensive Income (Loss) $ (13.4) $ 9.6 $ (5.8) $ (1.5)
Revenue 844.4 760.5 2,442.8 2,207.7
Interest Expense 23.9 22.9 64.5 70.4
Other Income (Expense), Net 1.2 5.6 (1.3) 17.0
Reclassification out of Accumulated Other Comprehensive Income | Net Unrealized Gains (Losses) on Cash Flow Hedges        
Derivative [Line Items]        
Revenue 0.7 1.0 2.7 2.3
Interest Expense (1.1) 7.2 5.1 22.0
Other Income (Expense), Net (58.6) 52.3 (61.0) 61.1
Cash Flow Hedging | Designated as Hedging Instrument        
Derivative [Line Items]        
Unrealized Gains (Losses) Recognized in Other Comprehensive Income (Loss) (22.3) 11.6 (7.3) 1.3
Foreign exchange forward contracts | Reclassification out of Accumulated Other Comprehensive Income | Net Unrealized Gains (Losses) on Cash Flow Hedges        
Derivative [Line Items]        
Revenue 0.7 1.0 2.7 2.3
Interest Expense 0.0 0.0 0.0 0.0
Other Income (Expense), Net 0.0 0.0 0.0 0.0
Foreign exchange forward contracts | Cash Flow Hedging | Designated as Hedging Instrument        
Derivative [Line Items]        
Unrealized Gains (Losses) Recognized in Other Comprehensive Income (Loss) (9.4) 2.0 (3.1) 2.8
Cross-currency swap | Reclassification out of Accumulated Other Comprehensive Income | Net Unrealized Gains (Losses) on Cash Flow Hedges        
Derivative [Line Items]        
Revenue 0.0 0.0 0.0 0.0
Interest Expense 7.0 7.9 22.1 22.5
Other Income (Expense), Net (58.6) 52.3 (61.0) 61.1
Cross-currency swap | Reclassification out of Accumulated Other Comprehensive Income | Net Unrealized Gains (Losses) on Cash Flow Hedges | Euro-Denominated Intercompany Loan        
Derivative [Line Items]        
Other Income (Expense), Net 58.2 (52.4) 60.3 (61.6)
Cross-currency swap | Cash Flow Hedging | Designated as Hedging Instrument        
Derivative [Line Items]        
Unrealized Gains (Losses) Recognized in Other Comprehensive Income (Loss) (7.0) 12.3 23.4 28.8
Interest rate swaps | Reclassification out of Accumulated Other Comprehensive Income | Net Unrealized Gains (Losses) on Cash Flow Hedges        
Derivative [Line Items]        
Revenue 0.0 0.0 0.0 0.0
Interest Expense (8.1) (0.7) (17.0) (0.5)
Other Income (Expense), Net 0.0 0.0 0.0 0.0
Interest rate swaps | Cash Flow Hedging | Designated as Hedging Instrument        
Derivative [Line Items]        
Unrealized Gains (Losses) Recognized in Other Comprehensive Income (Loss) $ (5.9) $ (2.7) $ (27.6) $ (30.3)
v3.20.2
Derivatives and Hedging - Narrative (Details) - USD ($)
 1 Months Ended 9 Months Ended
Aug. 31, 2020
Sep. 30, 2020
Sep. 30, 2019
Derivative [Line Items]      
Net deferred gains from cash flow hedges   $ (5,500,000)  
Amounts excluded from effectiveness testing   $ 0 $ 0
Cash Flow Hedging | Designated as Hedging Instrument | Foreign exchange forward contracts      
Derivative [Line Items]      
Derivative contract term   18 months  
Cash Flow Hedging | Designated as Hedging Instrument | Interest rate swaps      
Derivative [Line Items]      
Derivative contract term 7 years    
Fixed rate 0.705%    
Notional amount $ 750,000,000.0    
v3.20.2
Leases - Narrative (Details)
Sep. 30, 2020
Leases [Abstract]  
Operating lease, remaining weighted average lease term 8 years
Operating lease, weighted average discount rate 5.10%
v3.20.2
Leases - Components of Lease Expenses (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Leases [Abstract]        
Operating lease costs $ 12.6 $ 15.1 $ 40.2 $ 40.6
Variable lease costs 2.0 1.9 6.7 6.5
Sublease income (0.5) (0.9) (2.3) (2.2)
Net lease costs $ 14.1 $ 16.1 $ 44.6 $ 44.9
v3.20.2
Commitments and Contingencies (Details) - USD ($)
 3 Months Ended
Jun. 13, 2019
Sep. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Loss Contingencies [Line Items]        
Increase (decrease) in the estimated loss provision for settlement   $ (4,800,000) $ (2,900,000)  
Estimated loss provision for settlement   10,300,000 $ 15,100,000  
Indirect Taxation        
Loss Contingencies [Line Items]        
Accrual for estimated indirect tax liabilities   $ 9,900,000   $ 9,400,000
Class Action Complaint | Pending Litigation        
Loss Contingencies [Line Items]        
Proposed settlement amount (up to) $ 35,000,000.0      
v3.20.2
Restructuring Charges (Details) - USD ($)
$ in Millions
 1 Months Ended 3 Months Ended 9 Months Ended
Jun. 30, 2020
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Restructuring Cost and Reserve [Line Items]          
Restructuring charges   $ 4.3 $ 0.0 $ 43.7 $ 0.0
Pre-tax restructuring charges to-date   43.7   43.7  
Outbound Sales and Operations Restructuring          
Restructuring Cost and Reserve [Line Items]          
Restructuring charges $ 39.4 4.3      
Administrative leave, severance and related benefits and professional fees incurred 14.7        
Impairment of operating lease assets 27.9        
Accelerated depreciation and amortization $ 1.1        
Cash payments related to restructuring   13.1      
Accrued restructuring costs   $ 1.6   $ 1.6  
v3.20.2
Income Taxes (Details)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2020
USD ($)
Sep. 30, 2020
USD ($)
Tax Credit Carryforward [Line Items]    
Reversal of a previously-established valuation allowance as a result of acquisitions   $ 3.3
Charge due to revaluation of the net deferred tax liability related to operations in the United Kingdom   4.0
Uncertain tax position related to an acquisition $ 16.4  
Uncertain tax position relating to tax credits for prior years   24.4
Research and Development Tax Credit    
Tax Credit Carryforward [Line Items]    
Tax credit 79.6 79.6
Tax credit carryforwards $ 77.8 $ 77.8
v3.20.2
Payables Pursuant to the TRAs (Details)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2020
USD ($)
Sep. 30, 2019
USD ($)
Sep. 30, 2020
USD ($)
Sep. 30, 2019
USD ($)
Jul. 31, 2020
USD ($)
taxReceivableAgreement
Dec. 31, 2019
USD ($)
taxReceivableAgreement
Related Party Transaction [Line Items]            
Number of TRAs | taxReceivableAgreement           5
Number of TRAs settled | taxReceivableAgreement         4  
Payments for the settlement of tax receivable agreements $ 849.8   $ 849.8 $ 0.0    
Net charge from the settlement of TRAs 0.0 $ 0.0 674.7 $ (8.7)    
TRA liability 0.0   0.0     $ 175.3
Reorganization Parties and Continuing LLC Owners            
Related Party Transaction [Line Items]            
Percent of tax benefits owed under tax receivable agreement           85.00%
Estimated future tax savings 2,100.0   2,100.0      
TRA settlement amount         $ 850.0  
Net charge from the settlement of TRAs 674.7          
TRA liability           $ 175.3
Deferred tax assets resulting from TRA settlement $ 180.0   $ 180.0      
v3.20.2
Income (Loss) Per Share - Reconciliation of the Numerator and Denominator Used in the Calculation of Basic and Diluted Net Income (Loss) Per Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Sep. 30, 2020
Sep. 30, 2019
Numerator                
Net income (loss) $ 65.1 $ (673.2) $ 43.2 $ 76.8 $ (12.7) $ 13.2 $ (564.9) $ 77.3
Less: net income attributable to non-controlling interests 0.4     0.6     0.7 0.8
Net income (loss) attributable to GoDaddy Inc. $ 64.7     $ 76.2     $ (565.6) $ 76.5
Class A Common Stock                
Denominator [Abstract]                
Weighted-average shares of Class A common stock outstanding—basic (in shares) 167,258     174,820     168,734 173,957
Weighted-average shares of Class A Common stock outstanding—diluted (in shares) 171,405     181,654     168,734 182,926
Net income attributable to GoDaddy Inc. per share of Class A common stock—basic (in USD per share) $ 0.39     $ 0.44     $ (3.35) $ 0.44
Net income attributable to GoDaddy Inc. per share of Class A common stock—diluted (in USD per share) $ 0.38     $ 0.42     $ (3.35) $ 0.42
Class B Common Stock                
Denominator [Abstract]                
Effect of dilutive securities (in shares) 1,069     1,543     0 2,592
Stock options                
Denominator [Abstract]                
Effect of dilutive securities (in shares) 1,704     4,177     0 4,765
RSUs, PSUs and ESPP shares                
Denominator [Abstract]                
Effect of dilutive securities (in shares) 1,374     1,114     0 1,612
v3.20.2
Income (Loss) Per Share - Summary of Weighted Average Potentially Dilutive Shares (Details) - shares
shares in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Antidilutive securities (in shares) 1,734 1,930 6,904 1,697
Class B Common Stock        
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Antidilutive securities (in shares) 0 0 1,220 0
Options        
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Antidilutive securities (in shares) 1,321 1,840 3,859 1,641
RSUs, PSUs and ESPP shares        
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Antidilutive securities (in shares) 413 90 1,825 56
v3.20.2
Income (Loss) Per Share - Narrative (Details)
Sep. 30, 2020
shares
Class B Common Stock  
Class of Stock [Line Items]  
Conversion feature of Class B common stock, number of Class A common shares 1
v3.20.2
Geographic Information (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Dec. 31, 2019
Revenues from External Customers and Long-Lived Assets [Line Items]          
Revenue $ 844.4 $ 760.5 $ 2,442.8 $ 2,207.7  
Property and equipment, net 246.7   246.7   $ 258.6
U.S.          
Revenues from External Customers and Long-Lived Assets [Line Items]          
Revenue 560.7 506.2 1,630.6 1,460.6  
Property and equipment, net 193.1   193.1   200.4
International          
Revenues from External Customers and Long-Lived Assets [Line Items]          
Revenue 283.7 $ 254.3 812.2 $ 747.1  
Property and equipment, net $ 53.6   $ 53.6   $ 58.2
v3.20.2
Accumulated Other Comprehensive Loss - AOCI Activity in Equity (Details) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Balance $ 782.1 $ 824.5
Other comprehensive income (loss) before reclassifications 0.3 (70.0)
Amounts reclassified from AOCI (53.2) 85.4
Other comprehensive income (loss) (52.9) 15.4
Balance (163.8) 679.9
Foreign Currency Translation Adjustments    
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Balance (54.6) (92.3)
Other comprehensive income (loss) before reclassifications (44.0) 14.1
Amounts reclassified from AOCI 0.0 0.0
Other comprehensive income (loss) (44.0) 14.1
Balance (98.6) (78.2)
Net Unrealized Gains (Losses) on Cash Flow Hedges    
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Balance (24.3) (22.4)
Other comprehensive income (loss) before reclassifications 44.3 (84.1)
Amounts reclassified from AOCI (53.2) 85.4
Other comprehensive income (loss) (8.9) 1.3
Balance (33.2) (21.1)
AOCI Including Portion Attributable to Noncontrolling Interest    
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Balance (78.9) (114.7)
Balance (131.8) (99.3)
AOCI Attributable to Noncontrolling Interest    
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Balance (0.8) (0.8)
AOCI Attributable to Parent    
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Balance (78.2) (72.1)
Balance $ (131.0) $ (98.5)