GODADDY INC., 10-Q filed on 5/6/2021
Quarterly Report
v3.21.1
Cover Page - shares
 3 Months Ended
Mar. 31, 2021
Apr. 30, 2021
Document Information [Line Items]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Mar. 31, 2021  
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 2155 E. GoDaddy Way  
Entity Address, City or Town Tempe  
Entity Address, State or Province AZ  
Entity Address, Postal Zip Code 85284  
City Area Code 480  
Local Phone Number 505-8800  
Title of 12(b) Security Class A Common Stock, $0.001 par value per share  
Trading Symbol GDDY  
Security Exchange Name NYSE  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Amendment Flag false  
Entity Central Index Key 0001609711  
Document Fiscal Year Focus 2021  
Document Fiscal Period Focus Q1  
Current Fiscal Year End Date --12-31  
Class A Common Stock    
Document Information [Line Items]    
Entity Common Stock, Shares Outstanding   167,777,015
Class B Common Stock    
Document Information [Line Items]    
Entity Common Stock, Shares Outstanding   378,723
v3.21.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 1,293.1 $ 765.2
Accounts and other receivables 48.3 41.8
Registry deposits 28.9 31.1
Prepaid domain name registry fees 413.8 392.4
Prepaid expenses and other current assets 107.6 60.8
Total current assets 1,891.7 1,291.3
Property and equipment, net 246.5 257.3
Operating lease assets 134.1 142.0
Prepaid domain name registry fees, net of current portion 183.2 176.1
Goodwill 3,496.2 3,275.1
Intangible assets, net 1,262.6 1,255.1
Other assets 45.0 36.0
Total assets 7,259.3 6,432.9
Current liabilities:    
Accounts payable 70.5 51.0
Accrued expenses and other current liabilities 494.2 527.6
Deferred revenue 1,806.2 1,711.3
Long-term debt 24.1 24.3
Total current liabilities 2,395.0 2,314.2
Deferred revenue, net of current portion 762.3 725.1
Long-term debt, net of current portion 3,874.9 3,090.1
Operating lease liabilities, net of current portion 160.0 166.7
Other long-term liabilities 55.5 56.6
Deferred tax liabilities 82.6 92.0
Commitments and contingencies
Stockholders' deficit:    
Preferred stock 0.0 0.0
Additional paid-in capital 1,373.4 1,308.8
Accumulated deficit (1,375.2) (1,190.9)
Accumulated other comprehensive loss (71.2) (131.0)
Total stockholders' deficit attributable to GoDaddy Inc. (72.8) (12.9)
Non-controlling interests 1.8 1.1
Total stockholders' deficit (71.0) (11.8)
Total liabilities and stockholders' deficit 7,259.3 6,432.9
Class A Common Stock    
Stockholders' deficit:    
Common stock 0.2 0.2
Class B Common Stock    
Stockholders' deficit:    
Common stock $ 0.0 $ 0.0
v3.21.1
Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares
Mar. 31, 2021
Dec. 31, 2020
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) 168,445,000 169,157,000
Common stock, shares outstanding (in shares) 168,445,000 169,157,000
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) 479,000 688,000
Common stock, shares outstanding (in shares) 479,000 688,000
v3.21.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenue:    
Revenue $ 901.1 $ 792.0
Costs and operating expenses    
Cost of revenue (excluding depreciation and amortization) [1] 321.2 277.1
Technology and development [1] 186.4 134.5
Marketing and advertising [1] 132.7 93.1
Customer care [1] 78.6 85.2
General and administrative [1] 95.2 85.5
Depreciation and amortization [1] 49.0 52.2
Total costs and operating expenses [1] 863.1 727.6
Operating income 38.0 64.4
Interest expense (28.7) (21.2)
Other income (expense), net 0.7 (1.4)
Income before income taxes 10.0 41.8
Benefit for income taxes 0.8 1.4
Net income 10.8 43.2
Less: net income attributable to non-controlling interests 0.0 0.3
Net income attributable to GoDaddy Inc. $ 10.8 $ 42.9
Class A Common Stock    
Net income attributable to GoDaddy Inc. per share of Class A common stock:    
Basic (in USD per share) $ 0.06 $ 0.25
Diluted (in USD per share) $ 0.06 $ 0.24
Weighted-average shares of Class A common stock outstanding:    
Basic (in shares) 169,435 173,113
Diluted (in shares) 173,053 177,857
Domains    
Revenue:    
Revenue $ 422.7 $ 355.9
Hosting and presence    
Revenue:    
Revenue 310.3 297.2
Business applications    
Revenue:    
Revenue $ 168.1 $ 138.9
[1]
Costs and operating expenses include equity-based compensation expense as follows:

Three months ended
 March 31,
20212020
Cost of revenue$0.2 $0.1 
Technology and development27.0 21.1 
Marketing and advertising6.2 4.6 
Customer care3.0 2.6 
General and administrative16.2 17.0 
Total equity-based compensation expense52.6 45.4 
v3.21.1
Condensed Consolidated Statements of Operations (Unaudited) (Parenthetical) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Equity-based compensation expense $ 52.6 $ 45.4
Cost of revenue    
Equity-based compensation expense 0.2 0.1
Technology and development    
Equity-based compensation expense 27.0 21.1
Marketing and advertising    
Equity-based compensation expense 6.2 4.6
Customer care    
Equity-based compensation expense 3.0 2.6
General and administrative    
Equity-based compensation expense $ 16.2 $ 17.0
v3.21.1
Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Statement of Comprehensive Income [Abstract]    
Net income $ 10.8 $ 43.2
Foreign exchange forward contracts gain (loss), net 2.1 14.3
Unrealized swap gain (loss), net (net of tax effect of $0.5 million and $4.0 million for the three months ended March 31, 2021 and March 31, 2020, respectively) 24.4 11.7
Change in foreign currency translation adjustment 33.7 (24.9)
Comprehensive income 71.0 44.3
Less: comprehensive income attributable to non-controlling interests 0.3 0.4
Comprehensive income attributable to GoDaddy Inc. $ 70.7 $ 43.9
v3.21.1
Condensed Consolidated Statements of Comprehensive Income (Unaudited) (Parenthetical) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Statement of Comprehensive Income [Abstract]    
Unrealized swap gain (loss), tax effect $ 0.5 $ 4.0
v3.21.1
Condensed Consolidated Statement of Stockholders' Equity (Unaudited) - USD ($)
shares in Thousands, $ in Millions
Total
Class A Common Stock
Class B Common Stock
Common Stock
Class A Common Stock
Common Stock
Class B Common Stock
Additional Paid-in Capital
Accumulated Deficit
Accumulated Other Comprehensive Loss
Non- Controlling Interests
Balance (in shares) at Dec. 31, 2019       172,867 1,490        
Balance at Dec. 31, 2019 $ 782.1     $ 0.2 $ 0.0 $ 1,003.5 $ (153.5) $ (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)    
Impact of derivatives, net 26.0             26.0  
Change in foreign currency translation adjustment (24.9)             (24.9)  
Vesting of restricted stock units and other (in shares)       1,377 (204)        
Vesting of restricted stock units and other (0.6)         1.4 (0.6) (0.1) (1.3)
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
Balance (in shares) at Dec. 31, 2020   169,157 688 169,157 688        
Balance at Dec. 31, 2020 (11.8)     $ 0.2 $ 0.0 1,308.8 (1,190.9) (131.0) 1.1
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) 10.8           10.8   0.0
Equity-based compensation, including amounts capitalized 53.2         53.2      
Stock option exercises (in shares)       309          
Stock option exercises 11.6         11.8     (0.2)
Repurchases of Class A common stock (in shares)   (2,544)   (2,544)          
Repurchases of Class A common stock (195.1) $ (195.1)         (195.1)    
Impact of derivatives, net 26.5             26.5  
Change in foreign currency translation adjustment 33.7             33.7  
Vesting of restricted stock units and other (in shares)       1,523 (209)        
Vesting of restricted stock units and other 0.1         (0.4)   (0.4) 0.9
Balance (in shares) at Mar. 31, 2021   168,445 479 168,445 479        
Balance at Mar. 31, 2021 $ (71.0)     $ 0.2 $ 0.0 $ 1,373.4 $ (1,375.2) $ (71.2) $ 1.8
v3.21.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating activities    
Net income $ 10.8 $ 43.2
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 49.0 52.2
Equity-based compensation expense 52.6 45.4
Other 6.4 7.1
Changes in operating assets and liabilities, net of amounts acquired:    
Registry deposits 2.1 5.4
Prepaid domain name registry fees (28.3) (12.6)
Deferred revenue 127.1 96.5
Other operating assets and liabilities 1.6 (3.9)
Net cash provided by operating activities 221.3 233.3
Investing activities    
Maturities of short-term investments 0.0 23.7
Business acquisitions, net of cash acquired (298.5) (146.4)
Purchases of property and equipment (9.0) (13.5)
Other investing activities 1.0 0.3
Net cash used in investing activities (306.5) (135.9)
Proceeds received from:    
Issuance of senior notes 800.0 0.0
Stock option exercises 11.6 15.3
Payments made for:    
Repurchases of Class A common stock (180.1) (315.7)
Repayment of term loans (8.1) (6.2)
Other financing obligations (9.7) (0.7)
Net cash provided by (used in) financing activities 613.7 (307.3)
Effect of exchange rate changes on cash and cash equivalents (0.6) (1.5)
Net increase (decrease) in cash and cash equivalents 527.9 (211.4)
Cash and cash equivalents, beginning of period 765.2 1,062.8
Cash and cash equivalents, end of period 1,293.1 851.4
Cash paid during the period for:    
Interest on long-term debt, net of swap benefit 15.0 11.2
Income taxes, net of refunds received 1.2 2.0
Amounts included in the measurement of operating lease liabilities 12.7 11.0
Supplemental disclosure of non-cash transactions:    
Operating lease assets obtained in exchange for operating lease liabilities 2.6 9.1
Accrued purchases of property and equipment at period end 2.3 8.7
Share repurchases not yet settled $ 15.0 $ 82.3
v3.21.1
Organization and Background
 3 Months Ended
Mar. 31, 2021
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. As of March 31, 2021, we owned approximately 99.7% of Desert Newco.
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, 2021.
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, 2020 (the 2020 Form 10-K).
Prior Period Reclassifications
Certain immaterial prior period amounts have been reclassified 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 March 31, 2021, our chief operating decision maker was 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.
v3.21.1
Summary of Significant Accounting Policies
 3 Months Ended
Mar. 31, 2021
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies Summary of Significant Accounting Policies
Assets Recognized from Contract Costs
Fees paid to various registries 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 $160.9 million and $158.4 million for the three months ended March 31, 2021 and 2020, respectively.
Fair Value Measurements
The following tables set forth our material assets and liabilities measured and recorded at fair value on a recurring basis:
March 31, 2021
Level 1Level 2Level 3Total
Assets:
 Cash and cash equivalents:
Money market funds and time deposits$479.0 $— $— $479.0 
 Derivative assets— 25.5 — 25.5 
Total assets$479.0 $25.5 $— $504.5 
Liabilities:
 Derivative liabilities$— $149.8 $— $149.8 
Total liabilities$— $149.8 $— $149.8 

December 31, 2020
Level 1Level 2Level 3Total
Assets:
 Cash and cash equivalents:
Money market funds$98.0 $— $— $98.0 
Total assets$98.0 $— $— $98.0 
Liabilities:
 Derivative liabilities $— $216.4 $— $216.4 
Total liabilities$— $216.4 $— $216.4 

Recent Accounting Pronouncements
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 contracts and hedging relationships that reference LIBOR.
v3.21.1
Business Acquisitions
 3 Months Ended
Mar. 31, 2021
Business Combinations [Abstract]  
Business Acquisitions Business Acquisitions
In February 2021, we completed the acquisition of Poynt Co. for $297.7 million in cash to expand our commerce capabilities. Poynt offers a suite of products allowing small businesses to sell and accept payments anywhere, including point-of-sale systems, payments, invoicing and transaction management. At closing, we also paid an additional $29.4 million in cash that was recorded as compensation expense during the three months ended March 31, 2021. The acquisition agreements also call for $45.0 million in additional compensatory cash payments subject to certain performance and employment conditions over the three year period following the closing date.
The aggregate purchase price was allocated to the tangible and intangible assets acquired and liabilities assumed based on their estimated fair values as the acquisition date, with the excess recorded to goodwill. The recognition of goodwill, none of which is deductible for income tax purposes, was made based on strategic benefits we expect to realize from the acquisition. During the measurement period, which will not exceed one year from 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 preliminary estimated acquisition date fair values of the assets acquired and liabilities assumed:
Total purchase consideration$297.7 
Fair value of assets acquired and liabilities assumed:
Cash and cash equivalents3.2 
Indefinite-lived intangible assets1.3 
Finite-lived intangible assets51.8 
Other assets and liabilities, net0.8 
Total assets acquired, net of liabilities assumed57.1 
Goodwill$240.6 
The identified finite-lived intangible assets, which were valued using both income- and cost-based approaches, primarily consist of developed technology and customer relationships, and have a total weighted-average amortization period of 4.2 years.
Pro forma financial information is not presented because the acquisition was not material to our financial statements.
v3.21.1
Goodwill and Intangible Assets
 3 Months Ended
Mar. 31, 2021
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, 2020$3,275.1 
Goodwill related to acquisitions242.0 
Impact of foreign currency translation(19.4)
Other(1.5)
Balance at March 31, 2021$3,496.2 
Intangible assets, net are summarized as follows:
March 31, 2021
Gross 
Carrying
Amount		Accumulated
Amortization		Net Carrying
Amount
Indefinite-lived intangible assets:
Trade names and branding$445.0 n/a$445.0 
Domain portfolio249.3 n/a249.3 
Contractual-based assets and other68.3 n/a68.3 
Finite-lived intangible assets:
Customer-related533.3 $(232.9)300.4 
Developed technology229.1 (99.5)129.6 
Trade names and other106.0 (36.0)70.0 
$1,631.0 $(368.4)$1,262.6 

 December 31, 2020
Gross 
Carrying
Amount		Accumulated
Amortization		Net Carrying
Amount
Indefinite-lived intangible assets:
Trade names and branding$445.0 n/a$445.0 
Domain portfolio250.3 n/a250.3 
Contractual-based assets67.0 n/a67.0 
Finite-lived intangible assets:
Customer-related857.0 $(534.7)322.3 
Developed technology188.1 (90.7)97.4 
Trade names and other106.9 (33.8)73.1 
$1,914.3 $(659.2)$1,255.1 
Amortization expense was $30.4 million and $33.2 million for the three months ended March 31, 2021 and 2020, respectively. As of March 31, 2021, the weighted-average remaining amortization period for amortizable intangible assets was 58 months for customer-related intangible assets, 42 months for developed technology and 75 months for trade names and other, and was 56 months in total.
Based on the balance of finite-lived intangible assets as of March 31, 2021, expected future amortization expense is as follows:
Year Ending December 31:
2021 (remainder of)$94.0 
2022120.2 
202395.6 
202480.8 
202577.4 
Thereafter32.0 
$500.0 
v3.21.1
Stockholders' Equity
 3 Months Ended
Mar. 31, 2021
Equity [Abstract]  
Stockholders' Equity Stockholders' Equity
During the three months ended March 31, 2021, we repurchased a total of 2,544 shares of our Class A common stock in the open market pursuant to our approved share repurchase program, which were retired upon repurchase, for an aggregate purchase price of $195.1 million, including commissions. Of this amount, $15.0 million was included in accrued expenses and other current liabilities as of March 31, 2021 as settlement had not yet been completed. As of March 31, 2021, we have $305.0 million remaining available under our approved share repurchase program.
In May 2021, our board of directors approved the repurchase of up to an additional $775.0 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. The additional share repurchase authorization has no time limit, does 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.
v3.21.1
Equity-Based Compensation Plans
 3 Months Ended
Mar. 31, 2021
Share-based Payment Arrangement [Abstract]  
Equity-Based Compensation Plans Equity-Based Compensation Plans
Equity Plans
As of December 31, 2020, 27,340 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, 2021, an additional 6,794 shares were reserved for issuance pursuant to the automatic increase provisions of the 2015 Plan. As of March 31, 2021, 31,049 shares were available for issuance as future awards under the 2015 Plan.
As of December 31, 2020, 4,081 shares of Class A common stock were available for issuance under the 2015 Employee Stock Purchase Plan (the ESPP). On January 1, 2021, an additional 1,000 shares were reserved for issuance pursuant to the automatic increase provisions of the ESPP. As of March 31, 2021, 5,081 shares were available for issuance under the ESPP.
Equity Plan Activity
We have granted stock options at exercise prices equal to the fair market value of our Class A common stock on the grant date. We have granted both stock 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, taking into account the probability of our achievement of associated performance targets. Compensation expense for TSR-based PSUs is recognized 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
Exercise
Price Per Share ($)
Outstanding at December 31, 2020
3,428 42.79 
Exercised(309)37.54 
Forfeited(36)69.64 
Outstanding at March 31, 2021
3,083 43.00 
Vested at March 31, 2021
2,432 35.40 
The following table summarizes stock award activity:
Number of
Shares of Class A Common Stock (#)
Outstanding at December 31, 20206,133 
Granted: RSUs2,944 
Granted: TSR-based PSUs386 
Vested(1,313)
Forfeited(210)
Outstanding at March 31, 2021(1)
7,940 
_________________________________
(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 ($)
RSUs7,033 76.25
TSR-based PSUs710 106.32
Financial-based PSUs granted for accounting purposes104 78.62
Financial-based PSUs not yet granted for accounting purposes93 N/A
Outstanding at March 31, 20217,940 
As of March 31, 2021, total unrecognized compensation expense related to non-vested stock options and stock awards was $13.7 million and $443.7 million, respectively, with expected remaining weighted-average recognition periods of 2.0 years and 2.9 years, respectively. Such amounts exclude PSUs not yet considered granted for accounting purposes.
v3.21.1
Deferred Revenue
 3 Months Ended
Mar. 31, 2021
Revenue from Contract with Customer [Abstract]  
Deferred Revenue Deferred Revenue
Deferred revenue consisted of the following:
March 31, 2021December 31, 2020
Current:
Domains$849.3 $810.7 
Hosting and presence600.8 574.8 
Business applications356.1 325.8 
$1,806.2 $1,711.3 
Noncurrent:
Domains$434.6 $410.4 
Hosting and presence222.5 218.1 
Business applications105.2 96.6 
$762.3 $725.1 
The increase in the deferred revenue balance is primarily driven by payments received in advance of satisfying our performance obligations, offset by $672.2 million of revenue recognized during the three months ended March 31, 2021 that was included in the deferred revenue balance as of December 31, 2020. The deferred revenue balance as of March 31, 2021 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 2021
2022202320242025ThereafterTotal
Domains$734.4 $312.2 $107.8 $55.5 $31.6 $42.4 $1,283.9 
Hosting and presence528.0 190.9 58.5 19.9 8.7 17.3 823.3 
Business applications317.1 100.4 34.4 5.8 1.9 1.7 461.3 
$1,579.5 $603.5 $200.7 $81.2 $42.2 $61.4 $2,568.5 
v3.21.1
Accrued Expenses and Other Current Liabilities
 3 Months Ended
Mar. 31, 2021
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:
March 31, 2021December 31, 2020
Derivative liabilities$149.8 $216.4 
Accrued payroll and employee benefits95.1 114.8 
Tax-related accruals47.1 38.4 
Current portion of operating lease liabilities43.0 41.5 
Accrued marketing and advertising31.9 29.9 
Accrued legal and professional26.4 24.4 
Accrued acquisition-related expenses and acquisition consideration payable14.8 9.4 
Other86.1 52.8 
$494.2 $527.6 
v3.21.1
Long-Term Debt
 3 Months Ended
Mar. 31, 2021
Debt Disclosure [Abstract]  
Long-Term Debt Long-Term Debt
Long-term debt consisted of the following:
 Maturity DateMarch 31, 2021December 31, 2020
2024 Term Loans (effective interest rate of 2.3% at March 31, 2021 and 2.8% at December 31, 2020)
February 15, 2024$1,801.1 $1,807.4 
2027 Term Loans (effective interest rate of 2.7% at March 31, 2021 and 3.0% at December 31, 2020)
August 10, 2027744.4 746.2 
2027 Senior Notes (effective interest rate of 5.4% at March 31, 2021 and December 31, 2020)
December 1, 2027600.0 600.0 
2029 Senior Notes (effective interest rate of 3.5% at March 31, 2021)
March 1, 2029800.0 — 
Revolver
February 15, 2024— — 
Total3,945.5 3,153.6 
Less: unamortized original issue discount and debt issuance costs(1)
(46.5)(39.2)
Less: current portion of long-term debt(24.1)(24.3)
$3,874.9 $3,090.1 
_________________________________
(1)Original issue discount and debt issuance costs are amortized to interest expense over the life of the related debt instruments using the interest method.
Credit Facility
As described in our 2020 Form 10-K, our secured credit agreement (the Credit Facility) includes two tranches of term loans (the 2024 Term Loans and the 2027 Term Loans) and a revolving credit facility (the Revolver). A portion of the term loans is hedged by interest rate swap arrangements, as discussed in Note 10.
In March 2021, we refinanced the 2027 Term Loans to lower the interest rate margins by 0.5% with no changes made to the maturity date or any other terms. Following this refinancing, the 2027 Term Loans bear interest at a rate equal to, at our option, either (a) LIBOR plus 2.00% per annum or (b) 1.0% 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%. Fees incurred in connection with the refinancing were not material.
As of March 31, 2021, 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
In February 2021, we issued the 2029 Senior Notes in an aggregate principal amount of $800.0 million in a private placement offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The proceeds from the issuance of the 2029 Senior Notes were retained for general corporate purposes. The 2029 Senior Notes were issued at par and bear interest at 3.50% per annum, payable annually on March 1 and September 1, commencing on September 1, 2021. The aggregate principal is payable at maturity, subject to earlier to earlier repurchase or optional redemption as described below. In conjunction with the issuance of the 2029 Senior Notes, we capitalized $9.0 million in debt issuance costs.
The 2029 Senior Notes are redeemable at our option, in whole or in part, any time prior to March 1, 2024 at a redemption price equal to 100.0% of the principal amount, plus accrued and unpaid interest, plus an applicable premium equal to the greater of 1.0% or the remaining scheduled payments of interest discounted to a present value amount. In the event of an equity offering prior to March 1, 2024, the 2029 Senior Notes may be partially redeemed with the net cash proceeds of such offering at our option at an amount equal to 103.50% of the principal amount, plus accrued and unpaid interest. On and after March 1, 2024, we may redeem the 2029 Senior Notes, in whole or in part, at an amount equal to 101.750% of the principal amount, increasing to 101.875% as of March 1, 2025, and decreasing to 100.0% as of March 1, 2026, plus accrued and unpaid interest. Upon the occurrence of a change of control, we are required to offer to repurchase the Senior Notes from the holders at a price equal to 101.0% of the principal amount, plus accrued and unpaid interest.
Significant terms of the 2029 Senior Notes are as follows:
•they are subordinated to our existing secured debt, including the Credit Facility, and any future secured debt we may issue;
•all obligations are unconditionally guaranteed by all of our material domestic subsidiaries;
•we are restricted by certain covenants, including limitations on our ability to incur additional indebtedness, incur additional liens, consolidate with or merge with or into another entity and sell substantially all of our assets; and
•certain covenants may be suspended if we are able to obtain and maintain investment grade ratings and no event of default has occurred.
As of March 31, 2021, we were not in violation of any covenants of the 2027 Senior Notes or the 2029 Senior Notes.
Fair Value
The estimated fair values of our long-term debt instruments are based on observable market prices for these loans, which are traded in less active markets and therefore classified as Level 2 fair value measurements, and were as follows as of March 31, 2021:
2024 Term Loans$1,789.8 
2027 Term Loans$740.7 
2027 Senior Notes$637.6 
2029 Senior Notes$788.2 
Future Debt Maturities
Aggregate principal payments, exclusive of any unamortized original issue discount and debt issuance costs, due on long-term debt as of March 31, 2021 are as follows:
Year Ending December 31:
2021 (remainder of)$24.4 
202232.5 
202332.5 
20241,740.0 
20257.5 
Thereafter2,108.6 
$3,945.5 
v3.21.1
Derivatives and Hedging
 3 Months Ended
Mar. 31, 2021
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 as of March 31, 2021;
•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.
The risk management strategies related to our use of derivatives are consistent with those described in our 2020 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)
 March 31, 2021December 31, 2020March 31, 2021December 31, 2020March 31, 2021December 31, 2020
Derivative Instrument:
Level 2:
Foreign exchange forward contracts$289.4 $276.2 $0.9 $— $10.1 $15.8 
Cross-currency swap(1)
1,400.1 1,461.9 — — 110.8 167.2 
Interest rate swaps2,016.8 2,022.0 24.6 2.0 28.9 33.4 
Total hedges$3,706.3 $3,760.1 $25.5 $2.0 $149.8 $216.4 
_________________________________
(1)The notional values of the cross-currency swap have been translated from Euros to U.S. dollars at the foreign currency rates in effect of approximately 1.17 and 1.22 as of March 31, 2021 and December 31, 2020, 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
 Three Months Ended
March 31, 2021March 31, 2020
Derivative Instrument:
Foreign exchange forward contracts(1)
$2.1 $14.3 
Cross-currency swap(2.1)37.7 
Interest rate swaps27.0 (22.0)
Total hedges$27.0 $30.0 
_________________________________
(1)Amounts include gains and losses realized upon contract settlement but not yet recognized into earnings from AOCI.
The following table summarizes the locations and amounts of gains (losses) recognized within earnings related to our cash flow hedging relationships:
Three Months Ended March 31, 2021Three Months Ended March 31, 2020
RevenueInterest ExpenseOther Income (Expense), NetRevenueInterest ExpenseOther Income (Expense), Net
Foreign exchange forward contracts:
Reclassified from AOCI into income$(1.1)$— $— $0.8 $— $— 
Cross-currency swap:
Reclassified from AOCI into income(1)
— 6.6 58.1 — 7.6 20.2 
Interest rate swaps:
Reclassified from AOCI into income— (8.6)— — (2.5)— 
Total hedges$(1.1)$(2.0)$58.1 $0.8 $5.1 $20.2 
_________________________________
(1)The amount reflected in other income (expense), net includes $(58.5) million and $(20.3) 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 March 31, 2021 and 2020, respectively.
As of March 31, 2021, we estimate that approximately $11.9 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.
v3.21.1
Leases
 3 Months Ended
Mar. 31, 2021
Leases [Abstract]  
Leases LeasesOur 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 March 31, 2021, operating leases have a remaining weighted average lease term of 7.7 years and our operating lease liabilities were measured using a weighted average discount rate of 5.0%.
The components of operating lease expense were as follows:
Three Months Ended
 March 31, 2021March 31, 2020
Operating lease costs$11.9 $13.7 
Variable lease costs2.7 2.3 
Sublease income
(0.8)(0.9)
$13.8 $15.1 
v3.21.1
Commitments and Contingencies
 3 Months Ended
Mar. 31, 2021
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) (D.Ariz.), 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 (Case No. 2:16-cv-00254 (D. Ariz.), appeal pending 18-16048 (9th Cir.)) and Susan Drazen v. GoDaddy.com, LLC (Case No 19-cv-00563) (S.D. Ala.). In 2019, we recorded an $18.1 million charge to general and administrative expense, representing our original estimated loss provision for this settlement.
Under the terms of the final settlement agreement, we made 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.
On April 22, 2020, the parties filed statements in response to a request from the S.D. Ala. Court (the Court) to refine the class definition, resulting in a reduction in the total number of class members from the original estimated class.
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.
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 was lower than our original estimates.
On December 23, 2020, the Court issued a final judgment and order approving the class settlement, which further reduced the attorneys' fees to be paid to legal counsel representing the class and denied plaintiffs' request for an incentive payment. Additionally, the actual notice and administration costs associated with the settlement were lower than originally estimated.
As a result of the developments discussed above, during 2020, we recorded a cumulative $10.0 million reduction to general and administrative expense, lowering our estimated loss provision for this settlement to $8.1 million as of December 31, 2020.
On January 19, 2021, a single objector to the settlement filed a notice of appeal to the 11th Circuit Court of Appeals, which remains pending. We made no changes to our estimated loss provision for this settlement during the three months ended March 31, 2021. The timing of the payments to be made under the final settlement agreement is pending resolution of the appeal.
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. We received a full release from the settlement class concerning the claims asserted, or that could have been asserted, with respect to the claims released in the final settlement agreement. Our legal fees associated with this matter have been recorded to general and administrative expense as incurred and were not material.
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 March 31, 2021 and December 31, 2020, our accrual for estimated indirect tax liabilities was $10.2 million and $10.1 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.
v3.21.1
Income Taxes
 3 Months Ended
Mar. 31, 2021
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 for the three months ended March 31, 2021 differs from the U.S. federal statutory rate primarily due to changes in valuation allowances based on current year earnings and the impact of foreign earnings primarily related to the United Kingdom, Germany and India jurisdictions.
On March 11, 2021, the U.S. federal government enacted the American Rescue Plan Act of 2021, which did not have a material impact on our benefit for income taxes.
In determining the need for a valuation allowance, we prepare quarterly estimates using historical and forecasted future operating results, based upon approved business plans, including a review of the eligible carryforward periods and tax planning strategies. Based primarily on the negative evidence outweighing the positive evidence as of March 31, 2021, including our three year cumulative GAAP loss, our historical tax losses and the difficulty in forecasting 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 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.
Should our operating results continue to improve and projections show continued utilization of the tax attributes, we would consider that as significant positive evidence and our future reassessment would likely result in the determination that a valuation allowance is no longer required. We believe sufficient positive evidence may arise in 2021 such that we would release substantially all of the federal and state valuation allowance. If this were to occur, it would result in a reversal of substantially all of the valuation allowance with a corresponding non-cash income tax benefit, thereby increasing the total DTAs.
Uncertain Tax Positions
The total amount of gross unrecognized tax benefits was $55.5 million as of March 31, 2021, of which $21.0 million, if fully recognized, would decrease our effective tax rate. 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.
v3.21.1
Income Per Share
 3 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]  
Income Per Share Income Per Share
Basic income per share is computed by dividing net income attributable to GoDaddy Inc. by the weighted-average number of shares of Class A common stock outstanding during the period. Diluted income 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 income per share is as follows:
 Three Months Ended March 31,
 20212020
Numerator:
Net income$10.8 $43.2 
Less: net income attributable to non-controlling interests— 0.3 
Net income attributable to GoDaddy Inc.$10.8 $42.9 
Denominator:
Weighted-average shares of Class A common stock outstanding—basic169,435 173,113 
Effect of dilutive securities:
Class B common stock584 1,360 
Stock options1,377 2,355 
RSUs, PSUs and ESPP shares1,657 1,029 
Weighted-average shares of Class A Common stock outstanding—diluted173,053 177,857 
Net income attributable to GoDaddy Inc. per share of Class A common stock—basic$0.06 $0.25 
Net income attributable to GoDaddy Inc. per share of Class A common stock—diluted(1):
$0.06 $0.24 
_________________________________
(1)The diluted income per share calculations exclude net income attributable to non-controlling interests.
The following number of weighted-average potentially dilutive shares were excluded from the calculation of diluted income per share because the effect of including such potentially dilutive shares would have been antidilutive:
 Three Months Ended March 31,
 20212020
Options734 1,868 
RSUs, PSUs and ESPP shares393 1,262 
1,127 3,130 
Shares of Class B common stock do not share in our earnings and are not participating securities. Accordingly, separate presentation of income 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.
v3.21.1
Geographic Information
 3 Months Ended
Mar. 31, 2021
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 March 31,
 20212020
U.S.$598.0 $529.6 
International303.1 262.4 
$901.1 $792.0 
No individual international country represented more than 10% of total revenue in any period presented.
Property and equipment, net by geography was as follows:
 March 31, 2021December 31, 2020
U.S.$191.2 $198.3 
France25.2 27.0 
All other international30.1 32.0 
$246.5 $257.3 
No other individual international country represented more than 10% of property and equipment, net in any period presented.
v3.21.1
Accumulated Other Comprehensive Loss
 3 Months Ended
Mar. 31, 2021
Equity [Abstract]  
Accumulated Other Comprehensive Loss Accumulated Other Comprehensive Loss
The following table presents AOCI activity in equity:
Foreign Currency Translation Adjustments
Net Unrealized Gains (Losses) on Cash Flow Hedges(1)
Total AOCI
Gross balance as of December 31, 2020(2)
$(98.8)$(32.8)$(131.6)
Other comprehensive income (loss) before reclassifications33.7 (28.5)5.2 
Amounts reclassified from AOCI— 55.0 55.0 
Other comprehensive income33.7 26.5 60.2 
$(65.1)$(6.3)(71.4)
Less: AOCI attributable to non-controlling interests0.2 
Balance as of March 31, 2021$(71.2)
Gross balance as of December 31, 2019(2)
$(54.6)$(24.3)$(78.9)
Other comprehensive income (loss) before reclassifications(24.9)(0.1)(25.0)
Amounts reclassified from AOCI— 26.1 26.1 
Other comprehensive income (loss)(24.9)26.0 1.1 
$(79.5)$1.7 (77.8)
Less: AOCI attributable to non-controlling interests0.6 
Balance as of March 31, 2020$(77.2)
_________________________________
(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 of amounts reclassified from AOCI related to our cash flow hedging instruments.
v3.21.1
Subsequent Events
 3 Months Ended
Mar. 31, 2021
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
Acquisitions
In April 2021, we executed four acquisition agreements for aggregate consideration of approximately $220.0 million in cash at closing, subject to customary adjustments, and deferred cash payments totaling approximately $13.0 million. One of the agreements also includes a variable earn-out payment of up to $12.0 million based on the achievement of specified performance conditions. On April 12, 2021, we closed one of the acquisitions and expect the remaining acquisitions to close in the second quarter of 2021, subject to the satisfaction of customary closing conditions.
Share Repurchases
In May 2021, our board of directors approved the repurchase of up to an additional $775.0 million of our Class A common stock, as described in Note 5.
v3.21.1
Summary of Significant Accounting Policies (Policies)
 3 Months Ended
Mar. 31, 2021
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, 2021.
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, 2020 (the 2020 Form 10-K).
Prior Period Reclassification
Prior Period Reclassifications
Certain immaterial prior period amounts have been reclassified 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 March 31, 2021, our chief operating decision maker was 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.
Assets Recognized from Contract Costs Assets Recognized from Contract CostsFees paid to various registries 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 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 contracts and hedging relationships that reference LIBOR.
v3.21.1
Summary of Significant Accounting Policies (Tables)
 3 Months Ended
Mar. 31, 2021
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 and recorded at fair value on a recurring basis:
March 31, 2021
Level 1Level 2Level 3Total
Assets:
 Cash and cash equivalents:
Money market funds and time deposits$479.0 $— $— $479.0 
 Derivative assets— 25.5 — 25.5 
Total assets$479.0 $25.5 $— $504.5 
Liabilities:
 Derivative liabilities$— $149.8 $— $149.8 
Total liabilities$— $149.8 $— $149.8 

December 31, 2020
Level 1Level 2Level 3Total
Assets:
 Cash and cash equivalents:
Money market funds$98.0 $— $— $98.0 
Total assets$98.0 $— $— $98.0 
Liabilities:
 Derivative liabilities $— $216.4 $— $216.4 
Total liabilities$— $216.4 $— $216.4 
v3.21.1
Business Acquisitions (Tables)
 3 Months Ended
Mar. 31, 2021
Business Combinations [Abstract]  
Summary of the Estimated Acquisition Date Fair Values of Assets Acquired and Liabilities Assumed
The following table summarizes the preliminary estimated acquisition date fair values of the assets acquired and liabilities assumed:
Total purchase consideration$297.7 
Fair value of assets acquired and liabilities assumed:
Cash and cash equivalents3.2 
Indefinite-lived intangible assets1.3 
Finite-lived intangible assets51.8 
Other assets and liabilities, net0.8 
Total assets acquired, net of liabilities assumed57.1 
Goodwill$240.6 
v3.21.1
Goodwill and Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table summarizes changes in our goodwill balance:
Balance at December 31, 2020$3,275.1 
Goodwill related to acquisitions242.0 
Impact of foreign currency translation(19.4)
Other(1.5)
Balance at March 31, 2021$3,496.2 
Schedule of Indefinite-Lived Intangible Assets
Intangible assets, net are summarized as follows:
March 31, 2021
Gross 
Carrying
Amount		Accumulated
Amortization		Net Carrying
Amount
Indefinite-lived intangible assets:
Trade names and branding$445.0 n/a$445.0 
Domain portfolio249.3 n/a249.3 
Contractual-based assets and other68.3 n/a68.3 
Finite-lived intangible assets:
Customer-related533.3 $(232.9)300.4 
Developed technology229.1 (99.5)129.6 
Trade names and other106.0 (36.0)70.0 
$1,631.0 $(368.4)$1,262.6 

 December 31, 2020
Gross 
Carrying
Amount		Accumulated
Amortization		Net Carrying
Amount
Indefinite-lived intangible assets:
Trade names and branding$445.0 n/a$445.0 
Domain portfolio250.3 n/a250.3 
Contractual-based assets67.0 n/a67.0 
Finite-lived intangible assets:
Customer-related857.0 $(534.7)322.3 
Developed technology188.1 (90.7)97.4 
Trade names and other106.9 (33.8)73.1 
$1,914.3 $(659.2)$1,255.1 
Schedule of Finite-Lived Intangible Assets
Intangible assets, net are summarized as follows:
March 31, 2021
Gross 
Carrying
Amount		Accumulated
Amortization		Net Carrying
Amount
Indefinite-lived intangible assets:
Trade names and branding$445.0 n/a$445.0 
Domain portfolio249.3 n/a249.3 
Contractual-based assets and other68.3 n/a68.3 
Finite-lived intangible assets:
Customer-related533.3 $(232.9)300.4 
Developed technology229.1 (99.5)129.6 
Trade names and other106.0 (36.0)70.0 
$1,631.0 $(368.4)$1,262.6 

 December 31, 2020
Gross 
Carrying
Amount		Accumulated
Amortization		Net Carrying
Amount
Indefinite-lived intangible assets:
Trade names and branding$445.0 n/a$445.0 
Domain portfolio250.3 n/a250.3 
Contractual-based assets67.0 n/a67.0 
Finite-lived intangible assets:
Customer-related857.0 $(534.7)322.3 
Developed technology188.1 (90.7)97.4 
Trade names and other106.9 (33.8)73.1 
$1,914.3 $(659.2)$1,255.1 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
Based on the balance of finite-lived intangible assets as of March 31, 2021, expected future amortization expense is as follows:
Year Ending December 31:
2021 (remainder of)$94.0 
2022120.2 
202395.6 
202480.8 
202577.4 
Thereafter32.0 
$500.0 
v3.21.1
Equity-Based Compensation Plans (Tables)
 3 Months Ended
Mar. 31, 2021
Share-based Payment Arrangement [Abstract]  
Summary of Stock Award Activity
The following table summarizes stock option activity:
Number of
Shares of Class A Common Stock (#)		Weighted-
Average
Exercise
Price Per Share ($)
Outstanding at December 31, 2020
3,428 42.79 
Exercised(309)37.54 
Forfeited(36)69.64 
Outstanding at March 31, 2021
3,083 43.00 
Vested at March 31, 2021
2,432 35.40 
The following table summarizes stock award activity:
Number of
Shares of Class A Common Stock (#)
Outstanding at December 31, 20206,133 
Granted: RSUs2,944 
Granted: TSR-based PSUs386 
Vested(1,313)
Forfeited(210)
Outstanding at March 31, 2021(1)
7,940 
_________________________________
(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 ($)
RSUs7,033 76.25
TSR-based PSUs710 106.32
Financial-based PSUs granted for accounting purposes104 78.62
Financial-based PSUs not yet granted for accounting purposes93 N/A
Outstanding at March 31, 20217,940 
v3.21.1
Deferred Revenue (Tables)
 3 Months Ended
Mar. 31, 2021
Revenue from Contract with Customer [Abstract]  
Composition of Deferred Revenue
Deferred revenue consisted of the following:
March 31, 2021December 31, 2020
Current:
Domains$849.3 $810.7 
Hosting and presence600.8 574.8 
Business applications356.1 325.8 
$1,806.2 $1,711.3 
Noncurrent:
Domains$434.6 $410.4 
Hosting and presence222.5 218.1 
Business applications105.2 96.6 
$762.3 $725.1 
Expected Recognition of Deferred Revenue The deferred revenue balance as of March 31, 2021 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 2021
2022202320242025ThereafterTotal
Domains$734.4 $312.2 $107.8 $55.5 $31.6 $42.4 $1,283.9 
Hosting and presence528.0 190.9 58.5 19.9 8.7 17.3 823.3 
Business applications317.1 100.4 34.4 5.8 1.9 1.7 461.3 
$1,579.5 $603.5 $200.7 $81.2 $42.2 $61.4 $2,568.5 
v3.21.1
Accrued Expenses and Other Current Liabilities (Tables)
 3 Months Ended
Mar. 31, 2021
Payables and Accruals [Abstract]  
Composition of Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consisted of the following:
March 31, 2021December 31, 2020
Derivative liabilities$149.8 $216.4 
Accrued payroll and employee benefits95.1 114.8 
Tax-related accruals47.1 38.4 
Current portion of operating lease liabilities43.0 41.5 
Accrued marketing and advertising31.9 29.9 
Accrued legal and professional26.4 24.4 
Accrued acquisition-related expenses and acquisition consideration payable14.8 9.4 
Other86.1 52.8 
$494.2 $527.6 
v3.21.1
Long-Term Debt (Tables)
 3 Months Ended
Mar. 31, 2021
Debt Disclosure [Abstract]  
Composition of Long-Term Debt
Long-term debt consisted of the following:
 Maturity DateMarch 31, 2021December 31, 2020
2024 Term Loans (effective interest rate of 2.3% at March 31, 2021 and 2.8% at December 31, 2020)
February 15, 2024$1,801.1 $1,807.4 
2027 Term Loans (effective interest rate of 2.7% at March 31, 2021 and 3.0% at December 31, 2020)
August 10, 2027744.4 746.2 
2027 Senior Notes (effective interest rate of 5.4% at March 31, 2021 and December 31, 2020)
December 1, 2027600.0 600.0 
2029 Senior Notes (effective interest rate of 3.5% at March 31, 2021)
March 1, 2029800.0 — 
Revolver
February 15, 2024— — 
Total3,945.5 3,153.6 
Less: unamortized original issue discount and debt issuance costs(1)
(46.5)(39.2)
Less: current portion of long-term debt(24.1)(24.3)
$3,874.9 $3,090.1 
_________________________________
(1)Original issue discount and debt issuance costs are amortized to interest expense over the life of the related debt instruments using the interest method.
Estimated Fair Values of Long-Term Debt Instruments
The estimated fair values of our long-term debt instruments are based on observable market prices for these loans, which are traded in less active markets and therefore classified as Level 2 fair value measurements, and were as follows as of March 31, 2021:
2024 Term Loans$1,789.8 
2027 Term Loans$740.7 
2027 Senior Notes$637.6 
2029 Senior Notes$788.2 
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 March 31, 2021 are as follows:
Year Ending December 31:
2021 (remainder of)$24.4 
202232.5 
202332.5 
20241,740.0 
20257.5 
Thereafter2,108.6 
$3,945.5 
v3.21.1
Derivatives and Hedging (Tables)
 3 Months Ended
Mar. 31, 2021
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)
 March 31, 2021December 31, 2020March 31, 2021December 31, 2020March 31, 2021December 31, 2020
Derivative Instrument:
Level 2:
Foreign exchange forward contracts$289.4 $276.2 $0.9 $— $10.1 $15.8 
Cross-currency swap(1)
1,400.1 1,461.9 — — 110.8 167.2 
Interest rate swaps2,016.8 2,022.0 24.6 2.0 28.9 33.4 
Total hedges$3,706.3 $3,760.1 $25.5 $2.0 $149.8 $216.4 
_________________________________
(1)The notional values of the cross-currency swap have been translated from Euros to U.S. dollars at the foreign currency rates in effect of approximately 1.17 and 1.22 as of March 31, 2021 and December 31, 2020, 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
 Three Months Ended
March 31, 2021March 31, 2020
Derivative Instrument:
Foreign exchange forward contracts(1)
$2.1 $14.3 
Cross-currency swap(2.1)37.7 
Interest rate swaps27.0 (22.0)
Total hedges$27.0 $30.0 
_________________________________
(1)Amounts include gains and losses realized upon contract settlement but not yet recognized into earnings from AOCI.
The following table summarizes the locations and amounts of gains (losses) recognized within earnings related to our cash flow hedging relationships:
Three Months Ended March 31, 2021Three Months Ended March 31, 2020
RevenueInterest ExpenseOther Income (Expense), NetRevenueInterest ExpenseOther Income (Expense), Net
Foreign exchange forward contracts:
Reclassified from AOCI into income$(1.1)$— $— $0.8 $— $— 
Cross-currency swap:
Reclassified from AOCI into income(1)
— 6.6 58.1 — 7.6 20.2 
Interest rate swaps:
Reclassified from AOCI into income— (8.6)— — (2.5)— 
Total hedges$(1.1)$(2.0)$58.1 $0.8 $5.1 $20.2 
_________________________________
(1)The amount reflected in other income (expense), net includes $(58.5) million and $(20.3) 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 March 31, 2021 and 2020, respectively.
v3.21.1
Leases (Tables)
 3 Months Ended
Mar. 31, 2021
Leases [Abstract]  
Components of Lease Expenses
The components of operating lease expense were as follows:
Three Months Ended
 March 31, 2021March 31, 2020
Operating lease costs$11.9 $13.7 
Variable lease costs2.7 2.3 
Sublease income
(0.8)(0.9)
$13.8 $15.1 
v3.21.1
Income Per Share (Tables)
 3 Months Ended
Mar. 31, 2021
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 income per share is as follows:
 Three Months Ended March 31,
 20212020
Numerator:
Net income$10.8 $43.2 
Less: net income attributable to non-controlling interests— 0.3 
Net income attributable to GoDaddy Inc.$10.8 $42.9 
Denominator:
Weighted-average shares of Class A common stock outstanding—basic169,435 173,113 
Effect of dilutive securities:
Class B common stock584 1,360 
Stock options1,377 2,355 
RSUs, PSUs and ESPP shares1,657 1,029 
Weighted-average shares of Class A Common stock outstanding—diluted173,053 177,857 
Net income attributable to GoDaddy Inc. per share of Class A common stock—basic$0.06 $0.25 
Net income attributable to GoDaddy Inc. per share of Class A common stock—diluted(1):
$0.06 $0.24 
_________________________________
(1)The diluted income per share calculations exclude net income 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 per share because the effect of including such potentially dilutive shares would have been antidilutive:
 Three Months Ended March 31,
 20212020
Options734 1,868 
RSUs, PSUs and ESPP shares393 1,262 
1,127 3,130 
v3.21.1
Geographic Information (Tables)
 3 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
Revenue by Geography
Revenue by geography is based on the customer's billing address and was as follows:
 Three Months Ended March 31,
 20212020
U.S.$598.0 $529.6 
International303.1 262.4 
$901.1 $792.0 
Property and Equipment, Net by Geography
Property and equipment, net by geography was as follows:
 March 31, 2021December 31, 2020
U.S.$191.2 $198.3 
France25.2 27.0 
All other international30.1 32.0 
$246.5 $257.3 
v3.21.1
Accumulated Other Comprehensive Loss (Tables)
 3 Months Ended
Mar. 31, 2021
Equity [Abstract]  
OCI Activity in Equity AOCI activity in equity:
Foreign Currency Translation Adjustments
Net Unrealized Gains (Losses) on Cash Flow Hedges(1)
Total AOCI
Gross balance as of December 31, 2020(2)
$(98.8)$(32.8)$(131.6)
Other comprehensive income (loss) before reclassifications33.7 (28.5)5.2 
Amounts reclassified from AOCI— 55.0 55.0 
Other comprehensive income33.7 26.5 60.2 
$(65.1)$(6.3)(71.4)
Less: AOCI attributable to non-controlling interests0.2 
Balance as of March 31, 2021$(71.2)
Gross balance as of December 31, 2019(2)
$(54.6)$(24.3)$(78.9)
Other comprehensive income (loss) before reclassifications(24.9)(0.1)(25.0)
Amounts reclassified from AOCI— 26.1 26.1 
Other comprehensive income (loss)(24.9)26.0 1.1 
$(79.5)$1.7 (77.8)
Less: AOCI attributable to non-controlling interests0.6 
Balance as of March 31, 2020$(77.2)
_________________________________
(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.
v3.21.1
Organization and Background (Details)
 3 Months Ended
Mar. 31, 2021
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) 99.70%
v3.21.1
Summary of Significant Accounting Policies - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Accounting Policies [Abstract]    
Amortization of contract costs $ 160.9 $ 158.4
v3.21.1
Summary of Significant Accounting Policies - Fair Value of Assets and Liabilities Measured on a Recurring Basis (Details) - Measured on a Recurring Basis - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Assets:    
Derivative assets $ 25.5  
Total assets 504.5 $ 98.0
Liabilities:    
Derivative liabilities 149.8 216.4
Total liabilities 149.8 216.4
Money market funds and time deposits    
Assets:    
Cash and cash equivalents 479.0 98.0
Level 1    
Assets:    
Derivative assets 0.0  
Total assets 479.0 98.0
Liabilities:    
Derivative liabilities 0.0 0.0
Total liabilities 0.0 0.0
Level 1 | Money market funds and time deposits    
Assets:    
Cash and cash equivalents 479.0 98.0
Level 2    
Assets:    
Derivative assets 25.5  
Total assets 25.5 0.0
Liabilities:    
Derivative liabilities 149.8 216.4
Total liabilities 149.8 216.4
Level 2 | Money market funds and time deposits    
Assets:    
Cash and cash equivalents 0.0 0.0
Level 3    
Assets:    
Derivative assets 0.0  
Total assets 0.0 0.0
Liabilities:    
Derivative liabilities 0.0 0.0
Total liabilities 0.0 0.0
Level 3 | Money market funds and time deposits    
Assets:    
Cash and cash equivalents $ 0.0 $ 0.0
v3.21.1
Business Acquisitions - Narrative (Details) - Poynt Co. - USD ($)
$ in Millions
 1 Months Ended 3 Months Ended
Feb. 28, 2021
Mar. 31, 2021
Business Acquisition [Line Items]    
Cash paid to acquire business $ 297.7  
Cash paid at closing recorded as compensation expense   $ 29.4
Cash payable in future periods upon expiration of the contractual holdback period $ 45.0  
Weighted average amortization period of acquired finite-lived intangible assets 4 years 2 months 12 days  
v3.21.1
Business Acquisitions - Summary of the Estimated Acquisition Date Fair Values of Assets Acquired and Liabilities Assumed (Details) - USD ($)
$ in Millions
Mar. 31, 2021
Feb. 28, 2021
Dec. 31, 2020
Fair value of assets acquired and liabilities assumed:      
Goodwill $ 3,496.2   $ 3,275.1
Poynt Co.      
Business Acquisition [Line Items]      
Total purchase consideration   $ 297.7  
Fair value of assets acquired and liabilities assumed:      
Cash and cash equivalents   3.2  
Indefinite-lived intangible assets   1.3  
Finite-lived intangible assets   51.8  
Other assets and liabilities, net   0.8  
Total assets acquired, net of liabilities assumed   57.1  
Goodwill   $ 240.6  
v3.21.1
Goodwill and Intangible Assets - Schedule of Goodwill (Details)
$ in Millions
 3 Months Ended
Mar. 31, 2021
USD ($)
Goodwill [Roll Forward]  
Balance at December 31, 2020 $ 3,275.1
Goodwill related to acquisitions 242.0
Impact of foreign currency translation (19.4)
Other (1.5)
Balance at March 31, 2021 $ 3,496.2
v3.21.1
Goodwill and Intangible Assets - Schedule of Intangible Assets (Details) - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]    
Accumulated Amortization $ (368.4) $ (659.2)
Net Carrying Amount 500.0  
Gross  Carrying Amount 1,631.0 1,914.3
Net Carrying Amount 1,262.6 1,255.1
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 249.3 250.3
Contractual-based assets and other    
Indefinite-lived Intangible Assets [Line Items]    
Carrying Amount 68.3 67.0
Customer-related    
Finite-Lived Intangible Assets [Line Items]    
Gross  Carrying Amount 533.3 857.0
Accumulated Amortization (232.9) (534.7)
Net Carrying Amount 300.4 322.3
Developed technology    
Finite-Lived Intangible Assets [Line Items]    
Gross  Carrying Amount 229.1 188.1
Accumulated Amortization (99.5) (90.7)
Net Carrying Amount 129.6 97.4
Trade names and other    
Finite-Lived Intangible Assets [Line Items]    
Gross  Carrying Amount 106.0 106.9
Accumulated Amortization (36.0) (33.8)
Net Carrying Amount $ 70.0 $ 73.1
v3.21.1
Goodwill and Intangible Assets - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Finite-Lived Intangible Assets [Line Items]    
Amortization expense $ 30.4 $ 33.2
Weighted Average    
Finite-Lived Intangible Assets [Line Items]    
Weighted average remaining amortization period 56 months  
Customer-related    
Finite-Lived Intangible Assets [Line Items]    
Weighted average remaining amortization period 58 months  
Developed technology    
Finite-Lived Intangible Assets [Line Items]    
Weighted average remaining amortization period 42 months  
Trade names and other    
Finite-Lived Intangible Assets [Line Items]    
Weighted average remaining amortization period 75 months  
v3.21.1
Goodwill and Intangible Assets - Future Amortization of Finite Lived Intangible Assets (Details)
$ in Millions
Mar. 31, 2021
USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]  
2021 (remainder of) $ 94.0
2022 120.2
2023 95.6
2024 80.8
2025 77.4
Thereafter 32.0
Net Carrying Amount $ 500.0
v3.21.1
Stockholders' Equity (Details) - USD ($)
shares in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
May 05, 2021
Class of Stock [Line Items]      
Aggregate purchase price $ 195,100,000 $ 398,000,000.0  
Share repurchases included in accrued expenses and other current liabilities 15,000,000.0    
Share repurchase program, remaining available amount under approved programs $ 305,000,000.0    
Subsequent Event      
Class of Stock [Line Items]      
Share repurchase program, additional shares authorized     $ 775,000,000.0
Class A Common Stock      
Class of Stock [Line Items]      
Repurchases of Class A common stock (in shares) 2,544    
Aggregate purchase price $ 195,100,000    
v3.21.1
Equity-Based Compensation Plans - Narrative (Details) - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended
Mar. 31, 2021
Jan. 01, 2021
Dec. 31, 2020
Options      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Unrecognized compensation costs $ 13.7    
Weighted average recognition period 2 years    
Stock Awards      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Unrecognized compensation costs $ 443.7    
Weighted average recognition period 2 years 10 months 24 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)     27,340
Additional shares reserved for future issuance (in shares)   6,794  
Shares reserved for issuance (in shares) 31,049    
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)     4,081
Additional shares reserved for future issuance (in shares)   1,000  
Shares reserved for issuance (in shares) 5,081    
v3.21.1
Equity-Based Compensation Plans - Summary of Stock Option Activity (Details)
shares in Thousands
 3 Months Ended
Mar. 31, 2021
$ / shares
shares
Number of Shares of Class A Common Stock (#)  
Outstanding at beginning of period (in shares) | shares 3,428
Exercised (in shares) | shares (309)
Forfeited (in shares) | shares (36)
Outstanding at end of period (in shares) | shares 3,083
Vested at end of period (in shares) | shares 2,432
Weighted- Average Exercise Price Per Share ($)  
Outstanding weighted average exercise price (in dollars per share) | $ / shares $ 42.79
Exercised (in dollars per share) | $ / shares 37.54
Forfeited (in dollars per share) | $ / shares 69.64
Outstanding weighted average exercise price (in dollars per share) | $ / shares 43.00
Vested at end of period (in dollars per share) | $ / shares $ 35.40
v3.21.1
Equity-Based Compensation Plans - Summary of Stock Award Activity (Details)
 3 Months Ended
Mar. 31, 2021
$ / shares
shares
Number of Shares of Class A Common Stock (#)  
Outstanding at beginning of period (in shares) 6,133,000
Vested (in shares) (1,313,000)
Forfeited (in shares) (210,000)
Outstanding at end of period (in shares) 7,940,000
RSUs  
Number of Shares of Class A Common Stock (#)  
Granted (in shares) 2,944,000
Outstanding at end of period (in shares) 7,033,000
Weighted-average grant-date fair value per share (in dollars per share) | $ / shares $ 76.25
TSR-based PSUs  
Number of Shares of Class A Common Stock (#)  
Granted (in shares) 386,000
Outstanding at end of period (in shares) 710,000
Weighted-average grant-date fair value per share (in dollars per share) | $ / shares $ 106.32
Financial-based PSUs granted for accounting purposes  
Number of Shares of Class A Common Stock (#)  
Outstanding at end of period (in shares) 104,000
Weighted-average grant-date fair value per share (in dollars per share) | $ / shares $ 78.62
Financial-based PSUs not yet granted for accounting purposes  
Number of Shares of Class A Common Stock (#)  
Outstanding at end of period (in shares) 93,000
v3.21.1
Deferred Revenue - Composition of Deferred Revenue (Details) - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Disaggregation of Revenue [Line Items]    
Deferred revenue, current $ 1,806.2 $ 1,711.3
Deferred revenue, noncurrent 762.3 725.1
Domains    
Disaggregation of Revenue [Line Items]    
Deferred revenue, current 849.3 810.7
Deferred revenue, noncurrent 434.6 410.4
Hosting and presence    
Disaggregation of Revenue [Line Items]    
Deferred revenue, current 600.8 574.8
Deferred revenue, noncurrent 222.5 218.1
Business applications    
Disaggregation of Revenue [Line Items]    
Deferred revenue, current 356.1 325.8
Deferred revenue, noncurrent $ 105.2 $ 96.6
v3.21.1
Deferred Revenue - Narrative (Details)
$ in Millions
 3 Months Ended
Mar. 31, 2021
USD ($)
Revenue from Contract with Customer [Abstract]  
Revenue recognized $ 672.2
v3.21.1
Deferred Revenue - Expected Recognition of Deferred Revenue (Details)
$ in Millions
Mar. 31, 2021
USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 2,568.5
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-04-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 1,579.5
Expected recognition period 9 months
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 $ 603.5
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 $ 200.7
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 $ 81.2
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 $ 42.2
Expected recognition period 1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 61.4
Expected recognition period
Domains  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 1,283.9
Domains | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-04-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 734.4
Expected recognition period 9 months
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 $ 312.2
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 $ 107.8
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 $ 55.5
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 $ 31.6
Expected recognition period 1 year
Domains | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 42.4
Expected recognition period
Hosting and presence  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 823.3
Hosting and presence | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-04-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 528.0
Expected recognition period 9 months
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 $ 190.9
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 $ 58.5
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 $ 19.9
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 $ 8.7
Expected recognition period 1 year
Hosting and presence | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01  
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 $ 461.3
Business applications | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-04-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 317.1
Expected recognition period 9 months
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 $ 100.4
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 $ 34.4
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 $ 5.8
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 $ 1.9
Expected recognition period 1 year
Business applications | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 1.7
Expected recognition period
v3.21.1
Accrued Expenses and Other Current Liabilities (Details) - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Payables and Accruals [Abstract]    
Derivative liabilities $ 149.8 $ 216.4
Accrued payroll and employee benefits 95.1 114.8
Tax-related accruals 47.1 38.4
Current portion of operating lease liabilities 43.0 41.5
Accrued legal and professional 26.4 24.4
Accrued marketing and advertising 31.9 29.9
Accrued acquisition-related expenses and acquisition consideration payable 14.8 9.4
Other 86.1 52.8
Accrued expenses and other current liabilities $ 494.2 $ 527.6
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List] Accrued expenses and other current liabilities Accrued expenses and other current liabilities
v3.21.1
Long-Term Debt - Composition of Long-Term Debt (Details) - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Debt Instrument [Line Items]    
Long-term debt $ 3,945.5 $ 3,153.6
Less unamortized debt issuance costs (46.5) (39.2)
Less: current portion of long-term debt (24.1) (24.3)
Long-term debt, net of current portion 3,874.9 3,090.1
2024 Term Loans | Secured Debt    
Debt Instrument [Line Items]    
Long-term debt $ 1,801.1 $ 1,807.4
Effective interest rate percentage 2.30% 2.80%
2020 Term Loans | Secured Debt    
Debt Instrument [Line Items]    
Long-term debt $ 744.4 $ 746.2
Effective interest rate percentage 2.70% 3.00%
2027 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
2029 Senior Notes | Senior Notes    
Debt Instrument [Line Items]    
Long-term debt $ 800.0 $ 0.0
Effective interest rate percentage 3.50% 3.50%
v3.21.1
Long-Term Debt - Narrative (Details) - USD ($)
 1 Months Ended
Mar. 31, 2021
Feb. 28, 2021
Aug. 31, 2020
2020 Term Loans | Secured Debt | Level 2      
Debt Instrument [Line Items]      
Estimated fair value of long-term debt $ 740,700,000    
2029 Senior Notes | Senior Notes      
Debt Instrument [Line Items]      
Face amount of long-term debt   $ 800,000,000.0  
Stated interest rate   3.50%  
Debt issuance costs   $ 9,000,000.0  
Redemption price as a percentage of principal amount   100.00%  
Redemption premium percentage   1.00%  
Redemption price as a percentage of principal amount in the event of a change of control   101.00%  
2029 Senior Notes | Senior Notes | Prior to March 1, 2024      
Debt Instrument [Line Items]      
Redemption price percentage   103.50%  
2029 Senior Notes | Senior Notes | On and After March 1, 2024      
Debt Instrument [Line Items]      
Redemption price as a percentage of principal amount   101.75%  
2029 Senior Notes | Senior Notes | At March 1, 2025      
Debt Instrument [Line Items]      
Redemption price as a percentage of principal amount   101.875%  
2029 Senior Notes | Senior Notes | Thereafter      
Debt Instrument [Line Items]      
Redemption price as a percentage of principal amount   100.00%  
2029 Senior Notes | Senior Notes | Level 2      
Debt Instrument [Line Items]      
Estimated fair value of long-term debt 788,200,000    
2027 Senior Notes | Senior Notes | Level 2      
Debt Instrument [Line Items]      
Estimated fair value of long-term debt 637,600,000    
2024 Term Loans | Secured Debt | Level 2      
Debt Instrument [Line Items]      
Estimated fair value of long-term debt $ 1,789,800,000    
Line of Credit | 2020 Term Loans | LIBOR      
Debt Instrument [Line Items]      
Decrease in interest rate margins as a result of refinancing 0.50%    
Line of Credit | 2020 Term Loans | LIBOR | Option 1      
Debt Instrument [Line Items]      
Basis spread on variable rate     2.00%
Line of Credit | 2020 Term Loans | LIBOR | Option 2      
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     1.00%
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    
v3.21.1
Long-Term Debt - Estimated Fair Values of Long-Term Debt Instruments (Details) - Level 2
$ in Millions
Mar. 31, 2021
USD ($)
2024 Term Loans | Secured Debt  
Debt Instrument [Line Items]  
Estimated fair value of long-term debt $ 1,789.8
2020 Term Loans | Secured Debt  
Debt Instrument [Line Items]  
Estimated fair value of long-term debt 740.7
2027 Senior Notes | Senior Notes  
Debt Instrument [Line Items]  
Estimated fair value of long-term debt 637.6
2029 Senior Notes | Senior Notes  
Debt Instrument [Line Items]  
Estimated fair value of long-term debt $ 788.2
v3.21.1
Long-Term Debt - Aggregate Principal Payments Due on Long-Term Debt (Details) - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Debt Disclosure [Abstract]    
2021 (remainder of) $ 24.4  
2022 32.5  
2023 32.5  
2024 1,740.0  
2025 7.5  
Thereafter 2,108.6  
Aggregate principal payments $ 3,945.5 $ 3,153.6
v3.21.1
Derivatives and Hedging - Narrative (Details) - USD ($)
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Derivative [Line Items]    
Net deferred gains from cash flow hedges $ (11,900,000)  
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  
v3.21.1
Derivatives and Hedging - Summary of Outstanding Derivative Instruments (Details) - Cash Flow Hedging - Designated as Hedging Instrument
$ in Millions
Mar. 31, 2021
USD ($)
€ / $
Dec. 31, 2020
USD ($)
€ / $
Level 2    
Derivative [Line Items]    
Notional amount $ 3,706.3 $ 3,760.1
Level 2 | Prepaid Expenses and Other Current Assets    
Derivative [Line Items]    
Fair value of derivative assets 25.5 2.0
Level 2 | Accrued Expenses and Other Current Liabilities    
Derivative [Line Items]    
Fair value of derivative liabilities 149.8 216.4
Foreign exchange forward contracts | Level 2    
Derivative [Line Items]    
Notional amount 289.4 276.2
Foreign exchange forward contracts | Level 2 | Prepaid Expenses and Other Current Assets    
Derivative [Line Items]    
Fair value of derivative assets 0.9 0.0
Foreign exchange forward contracts | Level 2 | Accrued Expenses and Other Current Liabilities    
Derivative [Line Items]    
Fair value of derivative liabilities $ 10.1 $ 15.8
Cross-currency swap    
Derivative [Line Items]    
Euro to U.S. dollar exchange rate for translation | € / $ 1.17 1.22
Cross-currency swap | Level 2    
Derivative [Line Items]    
Notional amount $ 1,400.1 $ 1,461.9
Cross-currency swap | Level 2 | Prepaid Expenses and Other Current Assets    
Derivative [Line Items]    
Fair value of derivative assets 0.0 0.0
Cross-currency swap | Level 2 | Accrued Expenses and Other Current Liabilities    
Derivative [Line Items]    
Fair value of derivative liabilities 110.8 167.2
Interest rate swaps | Level 2    
Derivative [Line Items]    
Notional amount 2,016.8 2,022.0
Interest rate swaps | Level 2 | Prepaid Expenses and Other Current Assets    
Derivative [Line Items]    
Fair value of derivative assets 24.6 2.0
Interest rate swaps | Level 2 | Accrued Expenses and Other Current Liabilities    
Derivative [Line Items]    
Fair value of derivative liabilities $ 28.9 $ 33.4
v3.21.1
Derivatives and Hedging - Summary of the Gains (Losses) Recognized within Earnings Related to Derivative Instruments (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Derivative [Line Items]    
Unrealized Gains (Losses) Recognized in Other Comprehensive Income $ 24.4 $ 11.7
Revenue 901.1 792.0
Interest Expense 28.7 21.2
Other Income (Expense), Net 0.7 (1.4)
Reclassification out of Accumulated Other Comprehensive Income | Net Unrealized Gains (Losses) on Cash Flow Hedges    
Derivative [Line Items]    
Revenue (1.1) 0.8
Interest Expense (2.0) 5.1
Other Income (Expense), Net 58.1 20.2
Cash Flow Hedging | Designated as Hedging Instrument    
Derivative [Line Items]    
Unrealized Gains (Losses) Recognized in Other Comprehensive Income 27.0 30.0
Foreign exchange forward contracts | Reclassification out of Accumulated Other Comprehensive Income | Net Unrealized Gains (Losses) on Cash Flow Hedges    
Derivative [Line Items]    
Revenue (1.1) 0.8
Interest Expense 0.0 0.0
Other Income (Expense), Net 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 2.1 14.3
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
Interest Expense 6.6 7.6
Other Income (Expense), Net 58.1 20.2
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 (58.5) (20.3)
Cross-currency swap | Cash Flow Hedging | Designated as Hedging Instrument    
Derivative [Line Items]    
Unrealized Gains (Losses) Recognized in Other Comprehensive Income (2.1) 37.7
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
Interest Expense (8.6) (2.5)
Other Income (Expense), Net 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 $ 27.0 $ (22.0)
v3.21.1
Leases - Narrative (Details)
Mar. 31, 2021
Leases [Abstract]  
Operating lease, remaining weighted average lease term 7 years 8 months 12 days
Operating lease, weighted average discount rate 5.00%
v3.21.1
Leases - Components of Lease Expenses (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Leases [Abstract]    
Operating lease costs $ 11.9 $ 13.7
Variable lease costs 2.7 2.3
Sublease income (0.8) (0.9)
Operating lease expense $ 13.8 $ 15.1
v3.21.1
Commitments and Contingencies (Details)
 3 Months Ended 12 Months Ended
Dec. 16, 2019
case
Jun. 13, 2019
USD ($)
Mar. 31, 2021
USD ($)
Dec. 31, 2019
USD ($)
Dec. 31, 2020
USD ($)
Loss Contingencies [Line Items]          
Number of cases settled | case 2        
Estimated loss provision recorded       $ 18,100,000  
Reduction in the estimated loss provision for settlement     $ 10,000,000.0    
Estimated loss provision for settlement     8,100,000    
Indirect Taxation          
Loss Contingencies [Line Items]          
Accrual for estimated indirect tax liabilities     $ 10,200,000   $ 10,100,000
Class Action Complaint | Pending Litigation          
Loss Contingencies [Line Items]          
Proposed settlement amount (up to)   $ 35,000,000.0      
v3.21.1
Income Taxes (Details)
$ in Millions
Mar. 31, 2021
USD ($)
Income Tax Disclosure [Abstract]  
Unrecognized tax benefits $ 55.5
Unrecognized tax benefits that if fully recognized would decrease the effective tax rate $ 21.0
v3.21.1
Income 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
Mar. 31, 2021
Mar. 31, 2020
Numerator    
Net income $ 10.8 $ 43.2
Less: net income attributable to non-controlling interests 0.0 0.3
Net income attributable to GoDaddy Inc. $ 10.8 $ 42.9
Class A Common Stock    
Denominator [Abstract]    
Weighted-average shares of Class A common stock outstanding—basic (in shares) 169,435 173,113
Weighted-average shares of Class A Common stock outstanding—diluted (in shares) 173,053 177,857
Net income attributable to GoDaddy Inc. per share of Class A common stock—basic (in USD per share) $ 0.06 $ 0.25
Net income attributable to GoDaddy Inc. per share of Class A common stock—diluted (in USD per share) $ 0.06 $ 0.24
Class B Common Stock    
Denominator [Abstract]    
Effect of dilutive securities (in shares) 584 1,360
Stock options    
Denominator [Abstract]    
Effect of dilutive securities (in shares) 1,377 2,355
RSUs, PSUs and ESPP shares    
Denominator [Abstract]    
Effect of dilutive securities (in shares) 1,657 1,029
v3.21.1
Income Per Share - Summary of Weighted Average Potentially Dilutive Shares (Details) - shares
shares in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Antidilutive securities (in shares) 1,127 3,130
Options    
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Antidilutive securities (in shares) 734 1,868
RSUs, PSUs and ESPP shares    
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Antidilutive securities (in shares) 393 1,262
v3.21.1
Income Per Share - Narrative (Details)
Mar. 31, 2021
shares
Class B Common Stock  
Class of Stock [Line Items]  
Conversion feature of Class B common stock, number of Class A common shares 1
v3.21.1
Geographic Information (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Revenues from External Customers and Long-Lived Assets [Line Items]      
Revenue $ 901.1 $ 792.0  
Property and equipment, net 246.5   $ 257.3
U.S.      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Revenue 598.0 529.6  
Property and equipment, net 191.2   198.3
FRANCE      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Property and equipment, net 25.2   27.0
International      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Revenue 303.1 $ 262.4  
All other international      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Property and equipment, net $ 30.1   $ 32.0
v3.21.1
Accumulated Other Comprehensive Loss - AOCI Activity in Equity (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Balance $ (11.8) $ 782.1
Other comprehensive income (loss) before reclassifications 5.2 (25.0)
Amounts reclassified from AOCI 55.0 26.1
Other comprehensive income 60.2 1.1
Balance (71.0) 489.1
Foreign Currency Translation Adjustments    
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Balance (98.8) (54.6)
Other comprehensive income (loss) before reclassifications 33.7 (24.9)
Amounts reclassified from AOCI 0.0 0.0
Other comprehensive income 33.7 (24.9)
Balance (65.1) (79.5)
Net Unrealized Gains (Losses) on Cash Flow Hedges    
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Balance (32.8) (24.3)
Other comprehensive income (loss) before reclassifications (28.5) (0.1)
Amounts reclassified from AOCI 55.0 26.1
Other comprehensive income 26.5 26.0
Balance (6.3) 1.7
AOCI Including Portion Attributable to Noncontrolling Interest    
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Balance (131.6) (78.9)
Balance (71.4) (77.8)
AOCI Attributable to Noncontrolling Interest    
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Balance (0.2) (0.6)
AOCI Attributable to Parent    
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Balance (131.0) (78.2)
Balance $ (71.2) $ (77.2)
v3.21.1
Subsequent Events (Details) - Subsequent Event
 1 Months Ended
Apr. 30, 2021
USD ($)
acquisition
May 05, 2021
USD ($)
Subsequent Event [Line Items]    
Share repurchase program, additional shares authorized   $ 775,000,000.0
Acquisition Agreements    
Subsequent Event [Line Items]    
Number of acquisitions | acquisition 4  
Cash paid to acquire business $ 220,000,000.0  
Deferred cash payments 13,000,000.0  
Variable earn-out payment (up to) $ 12,000,000.0