GODADDY INC., 10-Q filed on 5/7/2020
Quarterly Report
v3.20.1
Cover Page - shares
 3 Months Ended
Mar. 31, 2020
May 01, 2020
Document Information [Line Items]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Mar. 31, 2020  
Document Transition Report false  
Entity File Number 001-36904  
Entity Registrant Name GoDaddy Inc.  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 46-5769934  
Entity Address, Address Line One 14455 N. Hayden Road  
Entity Address, City or Town Scottsdale  
Entity Address, State or Province AZ  
Entity Address, Postal Zip Code 85260  
City Area Code 480  
Local Phone Number 505-8800  
Title of 12(b) Security Class A Common Stock, $0.001 par value per share  
Trading Symbol GDDY  
Security Exchange Name NYSE  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Amendment Flag false  
Entity Central Index Key 0001609711  
Document Fiscal Year Focus 2020  
Document Fiscal Period Focus Q1  
Current Fiscal Year End Date --12-31  
Class A Common Stock    
Document Information [Line Items]    
Entity Common Stock, Shares Outstanding   165,264,627
Class B Common Stock    
Document Information [Line Items]    
Entity Common Stock, Shares Outstanding   1,280,586
v3.20.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 851.4 $ 1,062.8
Short-term investments 0.0 23.6
Accounts and other receivables 31.6 30.2
Registry deposits 21.7 27.2
Prepaid domain name registry fees 391.3 382.6
Prepaid expenses and other current assets 69.6 48.9
Total current assets 1,365.6 1,575.3
Property and equipment, net 254.4 258.6
Operating lease assets 191.9 196.6
Prepaid domain name registry fees, net of current portion 181.5 179.3
Goodwill 2,994.6 2,976.5
Intangible assets, net 1,151.9 1,097.7
Other assets 22.3 17.2
Total assets 6,162.2 6,301.2
Current liabilities:    
Accounts payable 92.2 72.3
Accrued expenses and other current liabilities 407.0 366.0
Deferred revenue 1,606.4 1,544.4
Long-term debt 18.4 18.4
Total current liabilities 2,124.0 2,001.1
Deferred revenue, net of current portion 685.0 654.4
Long-term debt, net of current portion 2,372.3 2,376.8
Operating lease liabilities, net of current portion 189.4 192.9
Payable pursuant to tax receivable agreements 175.3 175.3
Other long-term liabilities 33.1 17.7
Deferred tax liabilities 94.0 100.9
Commitments and contingencies
Stockholders' equity:    
Preferred stock 0.0 0.0
Additional paid-in capital 1,066.9 1,003.5
Accumulated deficit (509.2) (153.5)
Accumulated other comprehensive loss (77.2) (78.2)
Total stockholders' equity attributable to GoDaddy Inc. 480.7 772.0
Non-controlling interests 8.4 10.1
Total stockholders' equity 489.1 782.1
Total liabilities and stockholders' equity 6,162.2 6,301.2
Class A Common Stock    
Stockholders' equity:    
Common stock 0.2 0.2
Class B Common Stock    
Stockholders' equity:    
Common stock $ 0.0 $ 0.0
v3.20.1
Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares
Mar. 31, 2020
Dec. 31, 2019
Preferred stock, par value (in dollars per share) $ 0.001 $ 0.001
Preferred stock, shares authorized (in shares) 50,000,000 50,000,000
Preferred stock, shares issued (in shares) 0 0
Preferred stock, shares outstanding (in shares) 0 0
Class A Common Stock    
Common stock, par value (in dollars per share) $ 0.001 $ 0.001
Common stock, shares authorized (in shares) 1,000,000,000 1,000,000,000
Common stock, shares issued (in shares) 167,627,000 172,867,000
Common stock, shares outstanding (in shares) 167,627,000 172,867,000
Class B Common Stock    
Common stock, par value (in dollars per share) $ 0.001 $ 0.001
Common stock, shares authorized (in shares) 500,000,000 500,000,000
Common stock, shares issued (in shares) 1,286,000 1,490,000
Common stock, shares outstanding (in shares) 1,286,000 1,490,000
v3.20.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenue:    
Revenue $ 792.0 $ 710.0
Costs and operating expenses    
Cost of revenue (excluding depreciation and amortization) 277.1 236.4
Technology and development 134.5 124.0
Marketing and advertising 93.1 90.3
Customer care 85.2 90.3
General and administrative 85.5 93.0
Depreciation and amortization 52.2 57.2
Total costs and operating expenses [1] 727.6 691.2
Operating income 64.4 18.8
Interest expense (21.2) (24.4)
Tax receivable agreements liability adjustment 0.0 8.7
Other income (expense), net (1.4) 6.2
Income before income taxes 41.8 9.3
Benefit for income taxes 1.4 3.9
Net income 43.2 13.2
Less: net income attributable to non-controlling interests 0.3 0.3
Net income attributable to GoDaddy Inc. $ 42.9 $ 12.9
Class A Common Stock    
Net income attributable to GoDaddy Inc. per share of Class A common stock:    
Basic (in USD per share) $ 0.25 $ 0.08
Diluted (in USD per share) $ 0.24 $ 0.07
Weighted-average shares of Class A common stock outstanding:    
Basic (in shares) 173,113 171,001
Diluted (in shares) 177,857 183,148
Domains    
Revenue:    
Revenue $ 355.9 $ 319.6
Hosting and presence    
Revenue:    
Revenue 297.2 268.9
Business applications    
Revenue:    
Revenue $ 138.9 $ 121.5
[1]
Costs and operating expenses include equity-based compensation expense as follows:

Cost of revenue$0.1  $—  $0.1  $—  
Technology and development21.1  20.0  21.1  20.0  
Marketing and advertising4.6  4.3  4.6  4.3  
Customer care2.6  2.6  2.6  2.6  
General and administrative17.0  20.0  17.0  20.0  
Total equity-based compensation expense45.4  46.9  45.4  46.9  
v3.20.1
Condensed Consolidated Statements of Operations (Unaudited) Parenthetical - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Equity-based compensation expense $ 45.4 $ 46.9
Cost of revenue    
Equity-based compensation expense 0.1 0.0
Technology and development    
Equity-based compensation expense 21.1 20.0
Marketing and advertising    
Equity-based compensation expense 4.6 4.3
Customer care    
Equity-based compensation expense 2.6 2.6
General and administrative    
Equity-based compensation expense $ 17.0 $ 20.0
v3.20.1
Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Statement of Comprehensive Income [Abstract]    
Net income $ 43.2 $ 13.2
Foreign exchange forward contracts gain (loss), net 14.3 0.8
Unrealized swap gain (loss), net (net of tax effect of $4.0 million in 2020) 11.7 (1.0)
Change in foreign currency translation adjustment (24.9) 27.8
Comprehensive income 44.3 40.8
Less: comprehensive income attributable to non-controlling interests 0.4 1.0
Comprehensive income attributable to GoDaddy Inc. $ 43.9 $ 39.8
v3.20.1
Condensed Consolidated Statements of Comprehensive Income (Unaudited) (Parenthetical)
$ in Millions
 3 Months Ended
Mar. 31, 2020
USD ($)
Statement of Comprehensive Income [Abstract]  
Unrealized swap gain (loss), tax effect $ 4.0
v3.20.1
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 Income (Loss)
Non- Controlling Interests
Balance (in shares) at Dec. 31, 2018       168,549 6,254        
Balance at Dec. 31, 2018 $ 824.5     $ 0.2 $ 0.0 $ 699.8 $ 164.8 $ (72.1) $ 31.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income 13.2           12.9   0.3
Equity-based compensation, including amounts capitalized 46.9         46.9      
Sales of Class A common stock, net of issuance costs (in shares)       8          
Sales of Class A common stock, net of issuance costs 0.0                
Stock option exercises (in shares)       894          
Stock option exercises 17.6         18.3     (0.7)
Exchanges of LLC Units (in shares)       4,601 (4,601)        
Exchanges of LLC Units 0.0         8.5   (2.6) (5.9)
Liability pursuant to tax receivable agreements resulting from exchanges of LLC Units (9.7)         (9.7)      
Impact of derivatives, net (0.2)             (0.2)  
Change in foreign currency translation adjustment 27.8             27.8  
Accumulated other comprehensive income (loss) attributable to non-controlling interests 0.0             (0.7) 0.7
Vesting of restricted stock units (in shares)       1,063          
Vesting of restricted stock units 0.0                
Adjustment to prior period non-controlling interests allocations 0.0         51.7   (38.5) (13.2)
Balance (in shares) at Mar. 31, 2019       175,115 1,653        
Balance at Mar. 31, 2019 923.4     $ 0.2 $ 0.0 815.5 181.0 (86.3) 13.0
Balance (in shares) at Dec. 31, 2019   172,867 1,490 172,867 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 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)   (7,341)          
Repurchases of Class A common stock (398.0) $ (398.0)         (398.0)    
Exchanges of LLC Units (in shares)       204 (204)        
Exchanges of LLC Units 0.0         1.4   0.0 (1.4)
Impact of derivatives, net 26.0             26.0  
Change in foreign currency translation adjustment (24.9)             (24.9)  
Accumulated other comprehensive income (loss) attributable to non-controlling interests 0.0             (0.1) 0.1
Vesting of restricted stock units (in shares)       1,173          
Vesting of restricted stock units 0.0                
Balance (in shares) at Mar. 31, 2020   167,627 1,286 167,627 1,286        
Balance at Mar. 31, 2020 $ 489.1     $ 0.2 $ 0.0 $ 1,066.9 $ (509.2) $ (77.2) $ 8.4
v3.20.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities    
Net income $ 43.2 $ 13.2
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 52.2 57.2
Equity-based compensation expense 45.4 46.9
Other 7.1 (4.5)
Changes in operating assets and liabilities, net of amounts acquired:    
Registry deposits 5.4 0.4
Prepaid domain name registry fees (12.6) (20.2)
Deferred revenue 96.5 105.2
Other operating assets and liabilities (3.9) 1.5
Net cash provided by operating activities 233.3 199.7
Investing activities    
Purchases of short-term investments 0.0 (17.9)
Maturities of short-term investments 23.7 18.3
Business acquisitions, net of cash acquired (146.4) 0.0
Purchases of property and equipment (13.5) (29.4)
Other investing activities 0.3 0.0
Net cash used in investing activities (135.9) (29.0)
Proceeds received from:    
Stock option exercises 15.3 17.6
Payments made for:    
Repurchases of Class A common stock (315.7) 0.0
Repayment of term loans (6.2) (6.2)
Contingent consideration for business acquisitions (0.2) (22.2)
Other financing obligations (0.5) (1.1)
Net cash used in financing activities (307.3) (11.9)
Effect of exchange rate changes on cash and cash equivalents (1.5) (0.9)
Net increase (decrease) in cash and cash equivalents (211.4) 157.9
Cash and cash equivalents, beginning of period 1,062.8 932.4
Cash and cash equivalents, end of period 851.4 1,090.3
Supplemental cash flow information:    
Interest on long-term debt, net of swap benefit 11.2 21.4
Income taxes, net of refunds received 2.0 3.6
Cash paid for amounts included in the measurement of operating lease liabilities 11.0 13.0
ROU assets obtained in exchange for operating lease obligations 9.1 16.7
Supplemental information for non-cash investing and financing activities:    
Accrued purchases of property and equipment at period end 8.7 7.9
Share repurchases not yet settled $ 82.3 $ 0.0
v3.20.1
Organization and Background
 3 Months Ended
Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Organization and Background Organization and Background
Organization
We are the sole managing member of Desert Newco, and as a result, we consolidate its financial results and report non-controlling interests representing the economic interests held by its other members. The calculation of non-controlling interests excludes any net income attributable directly to GoDaddy Inc. We owned more than 99% of Desert Newco's limited liability company units (LLC Units) as of March 31, 2020.
Basis of Presentation
Our financial statements have been prepared in accordance with generally accepted accounting principles in the United States (GAAP), and include our accounts and the accounts of our subsidiaries. All material intercompany accounts and transactions have been eliminated.
Our interim financial statements are unaudited, and in our opinion, include all adjustments of a normal recurring nature necessary for the fair presentation of the periods presented. The results for interim periods are not necessarily indicative of the results to be expected for any subsequent period or for the year ending December 31, 2020.
These financial statements should be read in conjunction with our audited financial statements and related notes included in our Annual Report on Form 10-K for the year ended December 31, 2019 (the 2019 Form 10-K).
Prior Period Reclassifications
Reclassifications of certain immaterial prior period amounts have been made to conform to the current period presentation.
Use of Estimates
GAAP requires us to make estimates and assumptions affecting amounts reported in our financial statements. We periodically evaluate our estimates and adjust prospectively, if necessary. We believe our estimates and assumptions are reasonable; however, actual results may differ.
Segment
As of March 31, 2020, our chief operating decision maker function was comprised of our Chief Executive Officer who reviews financial information presented on a consolidated basis for purposes of allocating resources and evaluating financial performance for the entire company. Accordingly, we have a single operating and reportable segment.
v3.20.1
Summary of Significant Accounting Policies
 3 Months Ended
Mar. 31, 2020
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies Summary of Significant Accounting Policies
Capitalized Internal-Use Software Costs
Costs incurred to develop software for internal-use during the application development phase are capitalized to property and equipment and amortized over such software's estimated useful life. Costs related to the design or maintenance of internal-use software are included in technology and development expenses as incurred. During the three months ended March 31, 2020 and 2019, we capitalized $3.1 million and $2.5 million of such costs, respectively.
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. During the three months ended March 31, 2020 and 2019, amortization expense of such asset was $158.4 million and $150.6 million, respectively.
No other material contract costs were capitalized during any of the periods presented.
Fair Value Measurements
The following tables set forth our material assets and liabilities measured at fair value on a recurring basis:
March 31, 2020
Level 1Level 2Level 3Total
Assets:
 Cash and cash equivalents:
Reverse repurchase agreements(1)
$—  $70.0  $—  $70.0  
Commercial paper—  89.3  —  89.3  
Money market funds and time deposits395.3  —  —  395.3  
 Derivative assets—  11.2  —  11.2  
Total assets measured and recorded at fair value$395.3  $170.5  $—  $565.8  
Liabilities:
 Derivative liabilities$—  $54.5  $—  $54.5  
Total liabilities measured and recorded at fair value$—  $54.5  $—  $54.5  
_________________________________
(1)Reverse repurchase agreements include a $70.0 million repurchase agreement with Morgan Stanley, callable with 31 days notice.
December 31, 2019
Level 1Level 2Level 3Total
Assets:
 Cash and cash equivalents:
Reverse repurchase agreements(1)
$—  $70.0  $—  $70.0  
Commercial paper—  102.0  —  102.0  
Money market funds and time deposits444.0  —  —  444.0  
 Short-term investments:
Commercial paper and other0.7  22.9  —  23.6  
Total assets measured and recorded at fair value$444.7  $194.9  $—  $639.6  
Liabilities:
 Derivative liabilities $—  $93.8  $—  $93.8  
Total liabilities measured and recorded at fair value$—  $93.8  $—  $93.8  
_________________________________
(1)Reverse repurchase agreements include a $70.0 million repurchase agreement with Morgan Stanley, callable with 31 days notice.
We have no other material assets or liabilities measured at fair value on a recurring basis.
Recent Accounting Pronouncements
In June 2016, the FASB issued new guidance requiring all expected credit losses for financial instruments held at the reporting date to be measured based on historical experience, current conditions and reasonable supportable forecasts. This replaces the existing incurred loss model and is applicable to the measurement of credit losses on financial instruments measured at amortized cost and also applies to some off-balance sheet credit exposures. Our adoption of this guidance on a modified retrospective basis on January 1, 2020 did not have a material impact as credit losses have not been, and are not expected to be, significant based on historical collection trends, the financial condition of payment partners and external market factors.
In August 2018, the FASB issued new guidance to modify or eliminate certain fair value disclosures and require additional disclosures for Level 3 measurements. Our adoption of this guidance on January 1, 2020 did not have a material impact.
In August 2018, the FASB issued new guidance aligning the accounting for implementation costs incurred in cloud computing arrangements with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. We adopted this guidance on a prospective basis on January 1, 2020. Amounts capitalized during the three months ended March 31, 2020 were not material.
In December 2019, the FASB issued new guidance to simplify the accounting for income taxes primarily by eliminating certain exceptions allowable under the existing guidance related to the approach for intraperiod tax allocations, the methodology for calculating income taxes in an interim period and the recognition of deferred tax liabilities for outside basis differences. Our adoption of this guidance on January 1, 2020 did not have a material impact.
In March 2020, the FASB issued guidance providing temporary optional expedients and exceptions related to contract modifications and hedge accounting to ease the financial reporting burden of the expected market transition from the London Interbank Offered Rate (LIBOR) and other interbank offered rates to alternative reference rates. The guidance was effective upon issuance and may be applied prospectively to contract modifications made and hedging relationships entered into or evaluated on or before December 31, 2022. We are currently evaluating our contractual arrangements and hedging relationships that reference LIBOR.
v3.20.1
Business Acquisitions
 3 Months Ended
Mar. 31, 2020
Business Combinations [Abstract]  
Business Acquisitions Business Acquisitions
In February 2020, we completed two acquisitions for net cash purchase consideration of $149.2 million, of which $2.8 million is payable in future periods upon expiration of the contractual holdback period. One of the acquisitions was the first of a series of three related transactions, the latter two of which were completed in April 2020 for additional cash purchase consideration of $44.9 million, of which $1.4 million is payable in future periods upon expiration of the contractual holdback period. As the three related transactions were in contemplation of one another and formed a single transaction designed to achieve an overall commercial effect, they will be accounted for as a single business combination. The acquisitions were not material to our results of operations.
The aggregate purchase price for the acquisitions completed during the three months ended March 31, 2020 was preliminarily allocated based upon our assessment of acquisition-date fair values with $54.0 million allocated to goodwill, none of which is tax deductible, $88.5 million to domain portfolio indefinite-lived intangible assets, $15.8 million to other identified finite-lived intangible assets and $9.1 million of net liabilities assumed. The identified finite-lived intangible assets, which primarily consist of developed technology and customer relationships, were valued using income-based approaches. The acquired finite-lived intangible assets have a total weighted-average amortization period of 5.1 years.
The recognition of goodwill was made based on the strategic benefits we expect to realize from the acquisitions. During the measurement period, which will not exceed one year from each closing, we will continue to obtain information 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.
v3.20.1
Goodwill and Intangible Assets
 3 Months Ended
Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
The following table summarizes changes in our goodwill balance:
Balance at December 31, 2019$2,976.5  
Goodwill related to acquisitions54.0  
Impact of foreign currency translation(35.9) 
Balance at March 31, 2020$2,994.6  
Intangible assets, net are summarized as follows:
March 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 portfolio235.9  n/a235.9  
Finite-lived intangible assets:
Customer-related788.0  $(456.2) 331.8  
Developed technology149.4  (64.2) 85.2  
Trade names and other77.4  (23.4) 54.0  
$1,695.7  $(543.8) $1,151.9  
 December 31, 2019
Gross 
Carrying
Amount		Accumulated
Amortization		Net Carrying
Amount
Indefinite-lived intangible assets:
Trade names and branding$445.0  n/a$445.0  
Domain portfolio148.1  n/a148.1  
Finite-lived intangible assets:
Customer-related838.4  $(475.6) 362.8  
Developed technology151.5  (67.3) 84.2  
Trade names and other81.4  (23.8) 57.6  
$1,664.4  $(566.7) $1,097.7  
Amortization expense was $33.2 million and $30.8 million for the three months ended March 31, 2020 and 2019, respectively. As of March 31, 2020, the weighted-average remaining amortization period for amortizable intangible assets was 68 months for customer-related intangible assets, 41 months for developed technology and 83 months for trade names and other, and was 65 months in total.
Based on the balance of finite-lived intangible assets at March 31, 2020, expected future amortization expense is as follows:
Year Ending December 31:
2020 (remainder of)$83.2  
202187.9  
202286.0  
202371.0  
202460.4  
Thereafter82.5  
$471.0  
v3.20.1
Stockholders' Equity
 3 Months Ended
Mar. 31, 2020
Equity [Abstract]  
Stockholders' Equity Stockholders' Equity
Share Repurchase Programs
During the three months ended March 31, 2020, we repurchased a total of 7,341 shares of our Class A common stock in the open market pursuant to our share repurchase programs, which were retired upon repurchase, for an aggregate purchase price of $398.0 million, including commissions. Of this amount, $82.3 million was included in accrued expenses and other current liabilities at March 31, 2020 as settlement was completed subsequent to period end.
In April 2020, we repurchased 2,645 shares of our Class A common stock in the open market, which were retired upon repurchase, for an aggregate purchase price of $143.7 million, including commissions. Following the April repurchases, we have no amounts remaining available under our previously approved share repurchase programs.
In May 2020, our board of directors approved the repurchase of up to an aditional $500.0 million of our Class A common stock. We may purchase shares from time to time in open market purchases, block transactions and privately negotiated transactions, in accordance with applicable federal securities laws. The share repurchase program 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.
v3.20.1
Equity-Based Compensation
 3 Months Ended
Mar. 31, 2020
Share-based Payment Arrangement [Abstract]  
Equity-Based Compensation Equity-Based Compensation
Equity Plans
As of December 31, 2019, 23,363 shares of Class A common stock were available for issuance as future awards under the 2015 Equity Incentive Plan (the 2015 Plan). On January 1, 2020, an additional 6,974 shares were reserved for issuance pursuant to the automatic increase provisions of the 2015 Plan. As of March 31, 2020, 27,134 shares were available for issuance as future awards under the 2015 Plan.
As of December 31, 2019, 3,575 shares of Class A common stock were available for issuance under the 2015 Employee Stock Purchase Plan (the ESPP). On January 1, 2020, an additional 1,000 shares were reserved for issuance pursuant to the automatic increase provisions of the ESPP. As of March 31, 2020, 4,575 shares were available for issuance under the ESPP.
Equity Plan Activity
We grant stock options at exercise prices equal to the fair market value of our Class A common stock on the grant date. We grant both options and restricted stock awards (RSUs) vesting solely upon the continued service of the recipient as well as performance-based awards (PSUs) with vesting based on either (i) our achievement of specified financial targets or (ii) our relative total stockholder return (TSR) as compared to a selected index of public internet companies. We recognize the accounting grant date fair value of equity-based awards as compensation expense over the required service period of each award.
On the settlement date of each three-year performance period associated with our TSR-based PSU grants, and only if a participant remains a Service Provider (as defined in the 2015 Plan) on such date, a participant will receive shares of our Class A common stock ranging from 0% to 200% of the originally granted PSUs based on our relative TSR as compared to the companies within the selected index. Vesting of the PSUs is subject to the TSR market condition as well as approval of the performance by our board of directors following the end of each performance period.
We estimate the grant-date fair value of the TSR-based PSUs using a Monte Carlo simulation which requires assumptions for expected volatility, risk-free rate of return and dividend yield. Expected volatilities for GoDaddy and the companies within the index are derived using historical volatilities over a period equal to the length of the performance period. We base the risk-free rate of return on the yield of a zero-coupon U.S. Treasury bond with a maturity equal to the performance period, and assume a 0% dividend rate. Compensation expense for these PSUs is recognized over the requisite service period, regardless of whether the TSR market condition is satisfied.
The following table summarizes stock option activity:
Number of
Shares of Class A Common Stock (#)		Weighted-
Average
Grant-
Date Fair
Value Per Share ($)		Weighted-
Average
Exercise
Price Per Share ($)
Outstanding at December 31, 20196,304  38.08  
Granted144  21.83  67.11  
Exercised(724) 21.67  
Forfeited(178) 60.71  
Outstanding at March 31, 20205,546  40.25  
Vested at March 31, 20203,695  29.82  
The following table summarizes stock award activity:
Number of
Shares of Class A Common Stock (#)
Outstanding at December 31, 20195,240  
Granted: RSUs3,012  
Granted: TSR-based PSUs414  
Vested(1,173) 
Forfeited(188) 
Outstanding at March 31, 2020(1)
7,305  
_________________________________
(1)Includes financial-based PSUs for which performance targets have not yet been established, and which are not yet considered granted for accounting purposes. The balance of outstanding awards is comprised of the following:
Number of
Shares of Class A Common Stock (#)		Weighted-Average Grant-Date Fair Value Per Share ($)
RSUs6,354  67.27  
TSR-based PSUs414  106.14  
Financial-based PSUs granted for accounting purposes282  66.92  
Financial-based PSUs not yet granted for accounting purposes255  N/A  
Outstanding at March 31, 20207,305  
At March 31, 2020, total unrecognized compensation expense related to non-vested stock options and stock awards was $29.2 million and $348.1 million, respectively, with expected remaining weighted-average recognition periods of 2.5 years and 2.9 years, respectively. Such amounts exclude PSUs not yet considered granted for accounting purposes.
We currently believe the established performance targets related to the vesting of financial-based PSUs considered granted for accounting purposes will be achieved. If such targets are not achieved, or are subsequently determined to not be probable of being achieved, we will not recognize any compensation expense for PSUs not expected to vest, and will reverse any previously recognized expense on such awards.
v3.20.1
Deferred Revenue
 3 Months Ended
Mar. 31, 2020
Revenue from Contract with Customer [Abstract]  
Deferred Revenue Deferred Revenue
Deferred revenue consisted of the following:
March 31, 2020December 31, 2019
Current:
Domains$776.1  $752.7  
Hosting and presence545.8  526.7  
Business applications284.5  265.0  
$1,606.4  $1,544.4  
Noncurrent:
Domains$390.5  $382.2  
Hosting and presence202.1  187.2  
Business applications92.4  85.0  
$685.0  $654.4  
The increase in the deferred revenue balance is primarily driven by payments received in advance of satisfying our performance obligations, offset by $622.0 million of revenue recognized during the three months ended March 31, 2020 that was included in the deferred revenue balance as of December 31, 2019. The deferred revenue balance as of March 31, 2020 represents our aggregate remaining performance obligations that will be recognized as revenue over the period in which the performance obligations are satisfied, and is expected to be recognized as revenue as follows:
Remainder of 2020
2021202220232024ThereafterTotal
Domains$672.0  $275.5  $96.4  $52.1  $30.5  $40.1  $1,166.6  
Hosting and presence481.8  171.1  57.4  19.4  9.3  8.9  747.9  
Business applications252.1  85.1  29.6  6.0  2.3  1.8  376.9  
$1,405.9  $531.7  $183.4  $77.5  $42.1  $50.8  $2,291.4  
v3.20.1
Accrued Expenses and Other Current Liabilities
 3 Months Ended
Mar. 31, 2020
Payables and Accruals [Abstract]  
Accrued Expenses and Other Current Liabilities Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consisted of the following:
March 31, 2020December 31, 2019
Accrued payroll and employee benefits$83.8  $116.9  
Share repurchases not yet settled82.3  —  
Derivative liabilities54.5  93.8  
Current portion of operating lease liabilities41.7  39.5  
Tax-related accruals38.8  30.8  
Accrued legal and professional26.4  28.7  
Accrued marketing and advertising20.6  14.7  
Accrued acquisition-related expenses and acquisition consideration payable16.3  8.3  
Accrued other42.6  33.3  
$407.0  $366.0  
v3.20.1
Long-Term Debt
 3 Months Ended
Mar. 31, 2020
Debt Disclosure [Abstract]  
Long-Term Debt Long-Term Debt
Long-term debt consisted of the following:
 March 31, 2020December 31, 2019
Term Loans (effective interest rate of 3.8% at March 31, 2020 and 4.7% at December 31, 2019)
$1,826.1  $1,832.3  
Senior Notes (effective interest rate of 5.4% at March 31, 2020 and December 31, 2019)
600.0  600.0  
Revolver
—  —  
Total2,426.1  2,432.3  
Less: unamortized original issue discount on long-term debt(1)
(12.5) (13.2) 
Less: unamortized debt issuance costs(1)
(22.9) (23.9) 
Less: current portion of long-term debt(18.4) (18.4) 
$2,372.3  $2,376.8  
_________________________________
(1)Original issue discount and debt issuance costs amortized to interest expense over the life of the related debt instruments using the effective interest method.
Credit Facility
Our secured credit agreement (the Credit Facility), which matures on February 15, 2024, includes both term loans (the Term Loans) and a revolving credit facility (the Revolver).
The Term Loans bear interest at a rate equal to, at our option, either (a) LIBOR plus 1.75% per annum or (b) 0.75% per annum plus the highest of (i) the Federal Funds Rate plus 0.5%, (ii) the Prime Rate or (iii) one-month LIBOR plus 1.0%. A portion of the Term Loans are hedged by an interest rate swap. See Note 10 for discussion of this hedging instrument and its impact on the interest rate associated with the Term Loans.
The Revolver bears interest at a rate equal to, at our option, either (a) LIBOR plus a margin ranging from 1.25% to 1.75% per annum or (b) the higher of (i) the Federal Funds Rate plus 0.5%, (ii) the Prime Rate or (iii) one-month LIBOR plus 1.0% plus a margin ranging from 0.25% to 0.75% per annum, with the margins determined based on our first lien secured net leverage ratio.
At March 31, 2020, we had $600.0 million available for borrowing under the Revolver and were not in violation of any covenants of the Credit Facility.
Senior Notes
Our $600.0 million unsecured senior notes (the Senior Notes) bear interest at 5.25% per annum, payable semiannually on June 1 and December 1. The full principal balance is payable at maturity on December 1, 2027, subject to earlier repurchase or optional redemption, as described in the indenture governing the Senior Notes.
At March 31, 2020, we were not in violation of any covenants of the Senior Notes.
Fair Value
The estimated fair values of the Term Loans and Senior Notes were $1,753.1 million and $609.8 million, respectively, at March 31, 2020 based on observable market prices for these loans, which are traded in less active markets and therefore classified as Level 2 fair value measurements.
Future Debt Maturities
Aggregate principal payments, exclusive of any unamortized original issue discount and debt issuance costs, due on long-term debt as of March 31, 2020 are as follows:
Year Ending December 31:
2020 (remainder of)$18.8  
202125.0  
202225.0  
202325.0  
20241,732.3  
Thereafter600.0  
$2,426.1  
v3.20.1
Derivatives and Hedging
 3 Months Ended
Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivatives and Hedging Derivatives and HedgingWe 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.
The following table summarizes our outstanding derivative instruments, all of which are designated as cash flow hedges, on a gross basis:
Notional Amount
Fair Value of Derivative Assets(2)
Fair Value of Derivative Liabilities(2)
 March 31, 2020December 31, 2019March 31, 2020December 31, 2019March 31, 2020December 31, 2019
Derivative Instrument:
Level 2:
Foreign exchange forward contracts$251.0  $138.9  $11.2  $—  $—  $3.3  
Cross-currency swap(1)
1,332.2  1,355.8  —  —  6.1  64.1  
Interest rate swap1,285.7  1,289.0  —  —  48.4  26.4  
Total hedges$2,868.9  $2,783.7  $11.2  $—  $54.5  $93.8  
_________________________________
(1)The notional values of the cross-currency swap have been translated from Euros to U.S. dollars at the foreign currency rates in effect at March 31, 2020 and December 31, 2019 of approximately 1.10 and 1.12, 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, 2020March 31, 2019
Derivative Instrument:
Foreign exchange forward contracts(1)
$14.3  $0.8  
Cross-currency swap37.7  8.6  
Interest rate swap(22.0) (9.6) 
Total hedges$30.0  $(0.2) 
_________________________________
(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, 2020Three Months Ended March 31, 2019
RevenueInterest ExpenseOther Income (Expense), NetRevenueInterest ExpenseOther Income (Expense), Net
Foreign Exchange Forward Contracts:
Reclassified from AOCI into income$0.8  $—  $—  $0.5  $—  $—  
Cross Currency Swap:
Reclassified from AOCI into income(1)
—  7.6  20.2  —  7.2  27.5  
Interest Rate Swap:
Reclassified from AOCI into income—  (2.5) —  —  0.1  —  
Total hedges$0.8  $5.1  $20.2  $0.5  $7.3  $27.5  
_________________________________
(1)The amount reflected in other income (expense), net includes $(20.3) million and $(27.7) 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, 2020 and 2019, respectively.
As of March 31, 2020, we estimate that approximately $21.3 million of net deferred gains 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.
Risk Management Strategies
Foreign Exchange Forward Contracts
From time-to-time, we may enter into foreign exchange forward contracts with financial institutions to hedge certain forecasted sales transactions denominated in foreign currency. We generally designate these forward contracts as cash flow hedges, which are recognized as either assets or liabilities at fair value. At March 31, 2020, all such contracts had maturities of 18 months or less.
Cross-Currency Swap Contract
In April 2017, in order to manage variability due to movements in foreign currency exchange rates related to a Euro-denominated intercompany loan, we entered into a five-year cross-currency swap arrangement (the Cross-Currency Swap). The Cross-Currency Swap, which matures on April 3, 2022, had an amortizing notional amount of €1,243.3 million at inception (approximately $1,325.4 million). It converts the 3.00% fixed rate Euro-denominated interest and principal receipts on the intercompany loan into fixed U.S. dollar interest and principal receipts at a rate of 5.44%. Pursuant to the contract, the Euro notional value will be exchanged for the U.S. dollar notional value at maturity. The Cross-Currency Swap has been designated as a cash flow hedge. Accordingly, it is recognized as an asset or liability at fair value and the unrealized gains and losses on the contract are included in gain (loss) on swaps and foreign currency hedging, net within AOCI. Gains and losses are reclassified to interest income or expense over the period the hedged loan affects earnings. As such, amounts recorded in other comprehensive income (loss) (OCI) will be recognized in earnings within or against interest expense when the hedged interest payment is accrued each month. In addition, an amount is reclassified from AOCI to other income (expense), net each reporting period, to offset the earnings impact of the hedged instrument.
Interest Rate Swap Contract
In April 2017, we entered into a five-year pay-fixed rate, receive-floating rate interest rate swap arrangement (the Interest Rate Swap) to effectively convert a portion of the variable-rate debt to fixed. The Interest Rate Swap, which matures on April 3, 2022, had an amortizing notional amount of $1,325.4 million at inception and swaps the variable interest rate on our LIBOR-based borrowings for a fixed rate of 5.44%. The objective of the Interest Rate Swap, which is designated as a cash flow hedge and recognized as an asset or liability at fair value, is to manage the variability of cash flows in the interest payments related to the portion of the variable-rate debt designated as being hedged. The unrealized gains and losses on the contract are included in gain (loss) on swaps and foreign currency hedging, net within AOCI, and will be recognized in earnings within or against interest expense when the hedged interest payment is accrued each month.
v3.20.1
Leases
 3 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Leases Leases
Our operating leases primarily consist of office and data center space expiring at various dates through November 2036. Certain leases include options to renew or terminate at our discretion. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. As of March 31, 2020, operating leases have a remaining weighted average lease term of 8.2 years and our operating lease liabilities were measured using a weighted average discount rate of 5.1%. Finance leases are immaterial.
The components of operating lease expense were as follows:
Three Months Ended
 March 31, 2020March 31, 2019
Operating lease costs
$13.7  $12.7  
Variable lease costs2.3  2.5  
Sublease income
(0.9) (0.5) 
Net lease costs
$15.1  $14.7  
v3.20.1
Commitments and Contingencies
 3 Months Ended
Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
Litigation
From time-to-time, we are a party to litigation and subject to claims incident to the ordinary course of business, including intellectual property claims, putative and certified class actions, commercial and consumer protection claims, labor and employment claims, breach of contract claims and other asserted and unasserted claims. We investigate claims as they arise and accrue estimates for resolution of legal and other contingencies when losses are probable and estimable.
On June 13, 2019, we entered into an agreement in principle to settle the class action complaint, Jason Bennett v. GoDaddy.com (Case No. 2:16-cv-03908-DLR)(U.S.D.C.)(D.AZ), filed on June 20, 2016. The complaint alleges violation of the Telephone Consumer Protection Act of 1991 (the TCPA). On September 23, 2019, the parties fully executed a written settlement agreement. On December 16, 2019, we amended the settlement agreement to include two additional putative class action cases, which also alleged violations of the TCPA: John Herrick v. GoDaddy.com, LLC, D. Ariz. (Case No. 2:16-cv-00254, appeal pending 18-16048 (9th Cir.)) and Susan Drazen v. GoDaddy.com, LLC (Case No 19-cv-00563). The amended settlement agreement is still subject to Court approval; a Motion for Preliminary Approval was filed on January 10, 2020 and remains pending.
Under the terms of the proposed amended settlement agreement, we would make available a total of up to $35.0 million to pay: (i) class members, at their election, either a cash settlement or a credit to be used for future purchases of products from us, (ii) an incentive payment to the class representative, (iii) notice and administration costs in connection with the settlement, and (iv) attorneys' fees to legal counsel representing the class. If approved, we would receive a full release from the settlement class (other than from those class members who timely elect to opt out of the settlement) concerning the claims asserted, or that could have been asserted, with respect to the claims released in the amended settlement agreement.
On April 22, 2020, the parties filed statements in response to a request from the Court to refine the class definition, resulting in a reduction in the total number of class members from the original estimated class. Accordingly, we recorded a $2.9 million reduction to general and administrative expenses during the three months ended March 31, 2020, lowering our estimated loss provision for this settlement to $15.1 million, which represents our best estimate of the total settlement costs, inclusive of attorneys' fees to be paid to legal counsel representing the class. Our legal fees associated with this matter have been recorded to general and administrative expense as incurred and were not material.
We have denied and continue to deny the allegations in the complaint. Nothing in the amended settlement agreement shall be deemed to assign or reflect any admission of fault, wrongdoing or liability, or of the appropriateness of a class action in such litigation.
The amounts currently accrued for other matters are not material. While the results of such normal course claims and legal proceedings, regardless of the underlying nature of the claims, cannot be predicted with certainty, management does not believe, based on current knowledge and the likely timing of resolution of various matters, any additional reasonably possible potential losses above the amounts accrued for such matters would be material. Regardless of the outcome, claims and legal proceedings may have an adverse effect on us because of defense costs, diversion of management resources and other factors. We may also receive unfavorable preliminary or interim rulings in the course of litigation, and there can be no assurances that favorable final outcomes will be obtained. The final outcome of any current or future claims or lawsuits could adversely affect our business, financial condition or results of operations.
Indemnifications
In the normal course of business, we have made indemnities under which we may be required to make payments in relation to certain transactions, including to our directors and officers to the maximum extent permitted under applicable state laws and indemnifications related to certain lease agreements. In addition, certain advertiser and reseller partner agreements contain indemnification provisions, which are generally consistent with those prevalent in the industry. We have not incurred material obligations under indemnification provisions historically, and do not expect to incur material obligations in the future. Accordingly, we have not recorded any liabilities related to such indemnities as of March 31, 2020 and December 31, 2019.
We include service level commitments to our customers guaranteeing certain levels of uptime reliability and performance for our hosting and premium DNS products. These guarantees permit those customers to receive credits in the event we fail to meet those levels, with exceptions for certain service interruptions including but not limited to periodic maintenance. We have not incurred any material costs as a result of such commitments during any of the periods presented, and have not recorded any liabilities related to such obligations as of March 31, 2020 and December 31, 2019.
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, 2020 and December 31, 2019, our accrual for estimated indirect tax liabilities was $9.2 million and $9.4 million, respectively, reflecting our best estimate of the probable liability based on an analysis of our business activities, revenues subject to indirect taxes and applicable regulations. Although we believe our indirect tax estimates and associated liabilities are reasonable, the final determination of indirect tax audits, litigation or settlements could be materially different than the amounts established for indirect tax contingencies.
v3.20.1
Income Taxes
 3 Months Ended
Mar. 31, 2020
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
We are subject to U.S. federal, state and foreign income taxes with respect to our allocable share of any taxable income or loss of Desert Newco, as well as any stand-alone income or loss we generate. Desert Newco is treated as a partnership for U.S. income tax purposes, and for most applicable state and local income tax purposes, and generally does not pay income taxes on its taxable income 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, 2020 differs from the U.S. federal statutory rate primarily due to changes in valuation allowances based on current year earnings as well as the reversal of $3.0 million of previously-established valuation allowances as a result of an acquisition completed during the period.
On March 27, 2020, the U.S. federal government enacted the Coronavirus Aid, Relief and Economic Security Act (the CARES Act). The CARES Act did not have a material impact on our benefit for income taxes.
Based primarily on our limited operating history and our historical losses, we believe there is uncertainty as to when we will be able to utilize certain of our net operating losses (NOLs), credit carryforwards and other deferred tax assets (DTAs). Therefore, we have recorded a valuation allowance against the DTAs for which we have concluded it is more-likely-than-not they will not be realized.
During the three months ended March 31, 2020, we established a reserve for an uncertain tax position of $15.6 million relating to pre-acquisition tax periods for an acquisition completed during the period. The acquisition agreements provide indemnification related to pre-acquisition tax exposures in certain circumstances. There were no other material changes to our liabilities related to uncertain income tax positions. Although we believe the amounts reflected in our tax returns substantially comply with applicable U.S. federal, state and foreign tax regulations, the respective taxing authorities may take contrary positions based on their interpretation of the law. A tax position successfully challenged by a taxing authority could result in an adjustment to our provision or benefit for income taxes in the period in which a final determination is made.
v3.20.1
Payable Pursuant to the TRAs
 3 Months Ended
Mar. 31, 2020
Related Party Transactions [Abstract]  
Payable Pursuant to the TRAs Payable Pursuant to the TRAs
As of March 31, 2020 and December 31, 2019, our liability under the TRAs was $175.3 million, representing approximately 85% of the calculated tax savings based on the portion of the original basis adjustments we anticipated being able to utilize in future years.
The projection of future taxable income involves significant judgment. Actual taxable income may differ from our estimates, which could significantly impact the liability under the TRAs. We have determined it is more-likely-than-not we will be unable to utilize all of our DTAs subject to the TRAs; therefore, we have not recorded a liability under the TRAs related to the tax savings we may realize from the utilization of NOL carryforwards and the amortization related to basis adjustments created by exchanges of LLC Units. If utilization of these DTAs becomes more-likely-than-not in the future, at such time, we will record liabilities under the TRAs of up to an additional $1,119.5 million as a result of basis adjustments under the Internal Revenue Code and up to an additional $459.1 million related to the utilization of NOL and credit carryforwards, which will be recorded through charges to our statements of operations. However, if the tax attributes are not utilized in future years, it is reasonably possible no amounts would be paid under the TRAs. In this scenario, the reduction of the liability under the TRAs would result in a benefit to our statements of operations.
v3.20.1
Income Per Share
 3 Months Ended
Mar. 31, 2020
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 net income per share is as follows:
 Three Months Ended  March 31,
 20202019
Numerator:
Net income$43.2  $13.2  
Less: net income attributable to non-controlling interests0.3  0.3  
Net income attributable to GoDaddy Inc. $42.9  $12.9  
Denominator:
Weighted-average shares of Class A common stock outstanding—basic173,113  171,001  
Effect of dilutive securities:
Class B common stock1,360  4,665  
Stock options2,355  5,304  
RSUs, PSUs and ESPP shares1,029  2,178  
Weighted-average shares of Class A Common stock outstanding—diluted177,857  183,148  
Net income attributable to GoDaddy Inc. per share of Class A common stock—basic$0.25  $0.08  
Net income attributable to GoDaddy Inc. per share of Class A common stock—diluted(1):
$0.24  $0.07  
_________________________________
(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,
 20202019
Stock options, RSUs and PSUs3,130  2,223  
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.
v3.20.1
Geographic Information
 3 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Geographic Information Geographic Information
Revenue by geography is based on the customer's billing address and was as follows:
 Three Months Ended  March 31,
 20202019
U.S.$529.6  $464.9  
International262.4  245.1  
$792.0  $710.0  
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, 2020December 31, 2019
U.S.$199.7  $200.4  
International54.7  58.2  
$254.4  $258.6  
No individual international country represented more than 10% of property and equipment, net in any period presented.
v3.20.1
Accumulated Other Comprehensive Loss
 3 Months Ended
Mar. 31, 2020
Equity [Abstract]  
Accumulated Other Comprehensive Loss Accumulated Other Comprehensive Loss
AOCI activity in equity was as follows:
Foreign Currency Translation Adjustments
Net Unrealized Gains (Losses) on Cash Flow Hedges(1)
Total Accumulated Other Comprehensive Income (Loss)
Gross balance as of December 31, 2019(2)
$(54.6) $(24.3) $(78.9) 
Other comprehensive income (loss) before reclassifications(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) 
Gross balance as of December 31, 2018(2)
$(92.3) $(22.4) $(114.7) 
Other comprehensive income (loss) before reclassifications27.9  (35.5) (7.6) 
Amounts reclassified from AOCI—  35.3  35.3  
Other comprehensive income (loss)27.9  (0.2) 27.7  
$(64.4) $(22.6) (87.0) 
Less: AOCI attributable to non-controlling interests0.7  
Balance as of March 31, 2019$(86.3) 
_________________________________
(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.
v3.20.1
Subsequent Events
 3 Months Ended
Mar. 31, 2020
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
In April 2020, we executed an agreement to acquire the registry business of Neustar Inc. for $218.0 million in cash, subject to a customary working capital adjustment. The acquisition is expected to close within the next few months, and is subject to regulatory approvals and the satisfaction of customary closing conditions.
In May 2020, our board of directors approved the repurchase of up to an additional $500.0 million of our Class A common stock, as described in Note 5.
v3.20.1
Summary of Significant Accounting Policies (Policies)
 3 Months Ended
Mar. 31, 2020
Accounting Policies [Abstract]  
Basis of Presentation
Basis of Presentation
Our financial statements have been prepared in accordance with generally accepted accounting principles in the United States (GAAP), and include our accounts and the accounts of our subsidiaries. All material intercompany accounts and transactions have been eliminated.
Our interim financial statements are unaudited, and in our opinion, include all adjustments of a normal recurring nature necessary for the fair presentation of the periods presented. The results for interim periods are not necessarily indicative of the results to be expected for any subsequent period or for the year ending December 31, 2020.
These financial statements should be read in conjunction with our audited financial statements and related notes included in our Annual Report on Form 10-K for the year ended December 31, 2019 (the 2019 Form 10-K).
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, 2020, our chief operating decision maker function was comprised of our Chief Executive Officer who reviews financial information presented on a consolidated basis for purposes of allocating resources and evaluating financial performance for the entire company. Accordingly, we have a single operating and reportable segment.
Capitalized Internal-Use Software Costs Capitalized Internal-Use Software CostsCosts incurred to develop software for internal-use during the application development phase are capitalized to property and equipment and amortized over such software's estimated useful life. Costs related to the design or maintenance of internal-use software are included in technology and development expenses as incurred.
Assets Recognized from Contract Costs Assets Recognized from Contract CostsFees paid 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 June 2016, the FASB issued new guidance requiring all expected credit losses for financial instruments held at the reporting date to be measured based on historical experience, current conditions and reasonable supportable forecasts. This replaces the existing incurred loss model and is applicable to the measurement of credit losses on financial instruments measured at amortized cost and also applies to some off-balance sheet credit exposures. Our adoption of this guidance on a modified retrospective basis on January 1, 2020 did not have a material impact as credit losses have not been, and are not expected to be, significant based on historical collection trends, the financial condition of payment partners and external market factors.
In August 2018, the FASB issued new guidance to modify or eliminate certain fair value disclosures and require additional disclosures for Level 3 measurements. Our adoption of this guidance on January 1, 2020 did not have a material impact.
In August 2018, the FASB issued new guidance aligning the accounting for implementation costs incurred in cloud computing arrangements with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. We adopted this guidance on a prospective basis on January 1, 2020. Amounts capitalized during the three months ended March 31, 2020 were not material.
In December 2019, the FASB issued new guidance to simplify the accounting for income taxes primarily by eliminating certain exceptions allowable under the existing guidance related to the approach for intraperiod tax allocations, the methodology for calculating income taxes in an interim period and the recognition of deferred tax liabilities for outside basis differences. Our adoption of this guidance on January 1, 2020 did not have a material impact.
In March 2020, the FASB issued guidance providing temporary optional expedients and exceptions related to contract modifications and hedge accounting to ease the financial reporting burden of the expected market transition from the London Interbank Offered Rate (LIBOR) and other interbank offered rates to alternative reference rates. The guidance was effective upon issuance and may be applied prospectively to contract modifications made and hedging relationships entered into or evaluated on or before December 31, 2022. We are currently evaluating our contractual arrangements and hedging relationships that reference LIBOR.
v3.20.1
Summary of Significant Accounting Policies (Tables)
 3 Months Ended
Mar. 31, 2020
Accounting Policies [Abstract]  
Fair Value of Assets and Liabilities Measured on a Recurring Basis
The following tables set forth our material assets and liabilities measured at fair value on a recurring basis:
March 31, 2020
Level 1Level 2Level 3Total
Assets:
 Cash and cash equivalents:
Reverse repurchase agreements(1)
$—  $70.0  $—  $70.0  
Commercial paper—  89.3  —  89.3  
Money market funds and time deposits395.3  —  —  395.3  
 Derivative assets—  11.2  —  11.2  
Total assets measured and recorded at fair value$395.3  $170.5  $—  $565.8  
Liabilities:
 Derivative liabilities$—  $54.5  $—  $54.5  
Total liabilities measured and recorded at fair value$—  $54.5  $—  $54.5  
_________________________________
(1)Reverse repurchase agreements include a $70.0 million repurchase agreement with Morgan Stanley, callable with 31 days notice.
December 31, 2019
Level 1Level 2Level 3Total
Assets:
 Cash and cash equivalents:
Reverse repurchase agreements(1)
$—  $70.0  $—  $70.0  
Commercial paper—  102.0  —  102.0  
Money market funds and time deposits444.0  —  —  444.0  
 Short-term investments:
Commercial paper and other0.7  22.9  —  23.6  
Total assets measured and recorded at fair value$444.7  $194.9  $—  $639.6  
Liabilities:
 Derivative liabilities $—  $93.8  $—  $93.8  
Total liabilities measured and recorded at fair value$—  $93.8  $—  $93.8  
_________________________________
(1)Reverse repurchase agreements include a $70.0 million repurchase agreement with Morgan Stanley, callable with 31 days notice.
v3.20.1
Goodwill and Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table summarizes changes in our goodwill balance:
Balance at December 31, 2019$2,976.5  
Goodwill related to acquisitions54.0  
Impact of foreign currency translation(35.9) 
Balance at March 31, 2020$2,994.6  
Schedule of Indefinite-Lived Intangible Assets
Intangible assets, net are summarized as follows:
March 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 portfolio235.9  n/a235.9  
Finite-lived intangible assets:
Customer-related788.0  $(456.2) 331.8  
Developed technology149.4  (64.2) 85.2  
Trade names and other77.4  (23.4) 54.0  
$1,695.7  $(543.8) $1,151.9  
 December 31, 2019
Gross 
Carrying
Amount		Accumulated
Amortization		Net Carrying
Amount
Indefinite-lived intangible assets:
Trade names and branding$445.0  n/a$445.0  
Domain portfolio148.1  n/a148.1  
Finite-lived intangible assets:
Customer-related838.4  $(475.6) 362.8  
Developed technology151.5  (67.3) 84.2  
Trade names and other81.4  (23.8) 57.6  
$1,664.4  $(566.7) $1,097.7  
Schedule of Finite-Lived Intangible Assets
Intangible assets, net are summarized as follows:
March 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 portfolio235.9  n/a235.9  
Finite-lived intangible assets:
Customer-related788.0  $(456.2) 331.8  
Developed technology149.4  (64.2) 85.2  
Trade names and other77.4  (23.4) 54.0  
$1,695.7  $(543.8) $1,151.9  
 December 31, 2019
Gross 
Carrying
Amount		Accumulated
Amortization		Net Carrying
Amount
Indefinite-lived intangible assets:
Trade names and branding$445.0  n/a$445.0  
Domain portfolio148.1  n/a148.1  
Finite-lived intangible assets:
Customer-related838.4  $(475.6) 362.8  
Developed technology151.5  (67.3) 84.2  
Trade names and other81.4  (23.8) 57.6  
$1,664.4  $(566.7) $1,097.7  
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
Based on the balance of finite-lived intangible assets at March 31, 2020, expected future amortization expense is as follows:
Year Ending December 31:
2020 (remainder of)$83.2  
202187.9  
202286.0  
202371.0  
202460.4  
Thereafter82.5  
$471.0  
v3.20.1
Equity-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2020
Share-based Payment Arrangement [Abstract]  
Summary of Stock Award Activity
The following table summarizes stock option activity:
Number of
Shares of Class A Common Stock (#)		Weighted-
Average
Grant-
Date Fair
Value Per Share ($)		Weighted-
Average
Exercise
Price Per Share ($)
Outstanding at December 31, 20196,304  38.08  
Granted144  21.83  67.11  
Exercised(724) 21.67  
Forfeited(178) 60.71  
Outstanding at March 31, 20205,546  40.25  
Vested at March 31, 20203,695  29.82  
The following table summarizes stock award activity:
Number of
Shares of Class A Common Stock (#)
Outstanding at December 31, 20195,240  
Granted: RSUs3,012  
Granted: TSR-based PSUs414  
Vested(1,173) 
Forfeited(188) 
Outstanding at March 31, 2020(1)
7,305  
_________________________________
(1)Includes financial-based PSUs for which performance targets have not yet been established, and which are not yet considered granted for accounting purposes. The balance of outstanding awards is comprised of the following:
Number of
Shares of Class A Common Stock (#)		Weighted-Average Grant-Date Fair Value Per Share ($)
RSUs6,354  67.27  
TSR-based PSUs414  106.14  
Financial-based PSUs granted for accounting purposes282  66.92  
Financial-based PSUs not yet granted for accounting purposes255  N/A  
Outstanding at March 31, 20207,305  
v3.20.1
Deferred Revenue (Tables)
 3 Months Ended
Mar. 31, 2020
Revenue from Contract with Customer [Abstract]  
Composition of Deferred Revenue
Deferred revenue consisted of the following:
March 31, 2020December 31, 2019
Current:
Domains$776.1  $752.7  
Hosting and presence545.8  526.7  
Business applications284.5  265.0  
$1,606.4  $1,544.4  
Noncurrent:
Domains$390.5  $382.2  
Hosting and presence202.1  187.2  
Business applications92.4  85.0  
$685.0  $654.4  
Expected Recognition of Deferred Revenue The deferred revenue balance as of March 31, 2020 represents our aggregate remaining performance obligations that will be recognized as revenue over the period in which the performance obligations are satisfied, and is expected to be recognized as revenue as follows:
Remainder of 2020
2021202220232024ThereafterTotal
Domains$672.0  $275.5  $96.4  $52.1  $30.5  $40.1  $1,166.6  
Hosting and presence481.8  171.1  57.4  19.4  9.3  8.9  747.9  
Business applications252.1  85.1  29.6  6.0  2.3  1.8  376.9  
$1,405.9  $531.7  $183.4  $77.5  $42.1  $50.8  $2,291.4  
v3.20.1
Accrued Expenses and Other Current Liabilities (Tables)
 3 Months Ended
Mar. 31, 2020
Payables and Accruals [Abstract]  
Composition of Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consisted of the following:
March 31, 2020December 31, 2019
Accrued payroll and employee benefits$83.8  $116.9  
Share repurchases not yet settled82.3  —  
Derivative liabilities54.5  93.8  
Current portion of operating lease liabilities41.7  39.5  
Tax-related accruals38.8  30.8  
Accrued legal and professional26.4  28.7  
Accrued marketing and advertising20.6  14.7  
Accrued acquisition-related expenses and acquisition consideration payable16.3  8.3  
Accrued other42.6  33.3  
$407.0  $366.0  
v3.20.1
Long-Term Debt (Tables)
 3 Months Ended
Mar. 31, 2020
Debt Disclosure [Abstract]  
Composition of Long-Term Debt
Long-term debt consisted of the following:
 March 31, 2020December 31, 2019
Term Loans (effective interest rate of 3.8% at March 31, 2020 and 4.7% at December 31, 2019)
$1,826.1  $1,832.3  
Senior Notes (effective interest rate of 5.4% at March 31, 2020 and December 31, 2019)
600.0  600.0  
Revolver
—  —  
Total2,426.1  2,432.3  
Less: unamortized original issue discount on long-term debt(1)
(12.5) (13.2) 
Less: unamortized debt issuance costs(1)
(22.9) (23.9) 
Less: current portion of long-term debt(18.4) (18.4) 
$2,372.3  $2,376.8  
_________________________________
(1)Original issue discount and debt issuance costs amortized to interest expense over the life of the related debt instruments using the effective interest method.
Aggregate Principal Payments Due on Long-Term Debt
Aggregate principal payments, exclusive of any unamortized original issue discount and debt issuance costs, due on long-term debt as of March 31, 2020 are as follows:
Year Ending December 31:
2020 (remainder of)$18.8  
202125.0  
202225.0  
202325.0  
20241,732.3  
Thereafter600.0  
$2,426.1  
v3.20.1
Derivatives and Hedging (Tables)
 3 Months Ended
Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Outstanding Derivative Instruments
The following table summarizes our outstanding derivative instruments, all of which are designated as cash flow hedges, on a gross basis:
Notional Amount
Fair Value of Derivative Assets(2)
Fair Value of Derivative Liabilities(2)
 March 31, 2020December 31, 2019March 31, 2020December 31, 2019March 31, 2020December 31, 2019
Derivative Instrument:
Level 2:
Foreign exchange forward contracts$251.0  $138.9  $11.2  $—  $—  $3.3  
Cross-currency swap(1)
1,332.2  1,355.8  —  —  6.1  64.1  
Interest rate swap1,285.7  1,289.0  —  —  48.4  26.4  
Total hedges$2,868.9  $2,783.7  $11.2  $—  $54.5  $93.8  
_________________________________
(1)The notional values of the cross-currency swap have been translated from Euros to U.S. dollars at the foreign currency rates in effect at March 31, 2020 and December 31, 2019 of approximately 1.10 and 1.12, 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, 2020March 31, 2019
Derivative Instrument:
Foreign exchange forward contracts(1)
$14.3  $0.8  
Cross-currency swap37.7  8.6  
Interest rate swap(22.0) (9.6) 
Total hedges$30.0  $(0.2) 
_________________________________
(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, 2020Three Months Ended March 31, 2019
RevenueInterest ExpenseOther Income (Expense), NetRevenueInterest ExpenseOther Income (Expense), Net
Foreign Exchange Forward Contracts:
Reclassified from AOCI into income$0.8  $—  $—  $0.5  $—  $—  
Cross Currency Swap:
Reclassified from AOCI into income(1)
—  7.6  20.2  —  7.2  27.5  
Interest Rate Swap:
Reclassified from AOCI into income—  (2.5) —  —  0.1  —  
Total hedges$0.8  $5.1  $20.2  $0.5  $7.3  $27.5  
_________________________________
(1)The amount reflected in other income (expense), net includes $(20.3) million and $(27.7) 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, 2020 and 2019, respectively.
v3.20.1
Leases (Tables)
 3 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Components of Lease Expenses
The components of operating lease expense were as follows:
Three Months Ended
 March 31, 2020March 31, 2019
Operating lease costs
$13.7  $12.7  
Variable lease costs2.3  2.5  
Sublease income
(0.9) (0.5) 
Net lease costs
$15.1  $14.7  
v3.20.1
Income Per Share (Tables)
 3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Reconciliation of the Numerator and Denominator Used in the Calculation of Basic and Diluted Net Income Per Share
A reconciliation of the numerator and denominator used in the calculation of basic and diluted net income per share is as follows:
 Three Months Ended  March 31,
 20202019
Numerator:
Net income$43.2  $13.2  
Less: net income attributable to non-controlling interests0.3  0.3  
Net income attributable to GoDaddy Inc. $42.9  $12.9  
Denominator:
Weighted-average shares of Class A common stock outstanding—basic173,113  171,001  
Effect of dilutive securities:
Class B common stock1,360  4,665  
Stock options2,355  5,304  
RSUs, PSUs and ESPP shares1,029  2,178  
Weighted-average shares of Class A Common stock outstanding—diluted177,857  183,148  
Net income attributable to GoDaddy Inc. per share of Class A common stock—basic$0.25  $0.08  
Net income attributable to GoDaddy Inc. per share of Class A common stock—diluted(1):
$0.24  $0.07  
_________________________________
(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,
 20202019
Stock options, RSUs and PSUs3,130  2,223  
v3.20.1
Geographic Information (Tables)
 3 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Revenue by Geography
Revenue by geography is based on the customer's billing address and was as follows:
 Three Months Ended  March 31,
 20202019
U.S.$529.6  $464.9  
International262.4  245.1  
$792.0  $710.0  
Property and Equipment, Net by Geography
Property and equipment, net by geography was as follows:
 March 31, 2020December 31, 2019
U.S.$199.7  $200.4  
International54.7  58.2  
$254.4  $258.6  
v3.20.1
Accumulated Other Comprehensive Loss (Tables)
 3 Months Ended
Mar. 31, 2020
Equity [Abstract]  
OCI Activity in Equity
AOCI activity in equity was as follows:
Foreign Currency Translation Adjustments
Net Unrealized Gains (Losses) on Cash Flow Hedges(1)
Total Accumulated Other Comprehensive Income (Loss)
Gross balance as of December 31, 2019(2)
$(54.6) $(24.3) $(78.9) 
Other comprehensive income (loss) before reclassifications(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) 
Gross balance as of December 31, 2018(2)
$(92.3) $(22.4) $(114.7) 
Other comprehensive income (loss) before reclassifications27.9  (35.5) (7.6) 
Amounts reclassified from AOCI—  35.3  35.3  
Other comprehensive income (loss)27.9  (0.2) 27.7  
$(64.4) $(22.6) (87.0) 
Less: AOCI attributable to non-controlling interests0.7  
Balance as of March 31, 2019$(86.3) 
_________________________________
(1)Amounts shown for our foreign exchange forward contracts include gains and losses realized upon contract settlement but not yet recognized into earnings from AOCI.
(2)Beginning balance is presented on a gross basis, excluding the allocation of AOCI attributable to non-controlling interests.
v3.20.1
Organization and Background (Details)
 3 Months Ended
Mar. 31, 2020
segment
Class of Stock [Line Items]  
Number of operating segments 1
Number of reporting units 1
Desert Newco, LLC  
Class of Stock [Line Items]  
LLC units held (as a percent) 99.00%
v3.20.1
Summary of Significant Accounting Policies - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Accounting Policies [Abstract]    
Capitalized internal use software costs $ 3.1 $ 2.5
Amortization of contract costs $ 158.4 $ 150.6
v3.20.1
Summary of Significant Accounting Policies - Fair Value of Assets and Liabilities Measured on a Recurring Basis (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Mar. 31, 2020
Jun. 30, 2019
Dec. 31, 2019
Morgan Stanley      
Liabilities:      
Repurchase agreement amount $ 70.0   $ 70.0
Notice period 31 days 31 days  
Measured on a Recurring Basis      
Assets:      
Derivative assets $ 11.2    
Total assets measured and recorded at fair value 565.8   639.6
Liabilities:      
Derivative liabilities 54.5   93.8
Total liabilities measured and recorded at fair value 54.5   93.8
Measured on a Recurring Basis | Reverse repurchase agreements      
Assets:      
Cash and cash equivalents 70.0   70.0
Measured on a Recurring Basis | Commercial paper and other      
Assets:      
Cash and cash equivalents 89.3   102.0
Short-term investments     23.6
Measured on a Recurring Basis | Money market funds and time deposits      
Assets:      
Cash and cash equivalents 395.3   444.0
Level 1 | Measured on a Recurring Basis      
Assets:      
Derivative assets 0.0    
Total assets measured and recorded at fair value 395.3   444.7
Liabilities:      
Derivative liabilities 0.0   0.0
Total liabilities measured and recorded at fair value 0.0   0.0
Level 1 | Measured on a Recurring Basis | Reverse repurchase agreements      
Assets:      
Cash and cash equivalents 0.0   0.0
Level 1 | Measured on a Recurring Basis | Commercial paper and other      
Assets:      
Cash and cash equivalents 0.0   0.0
Short-term investments     0.7
Level 1 | Measured on a Recurring Basis | Money market funds and time deposits      
Assets:      
Cash and cash equivalents 395.3   444.0
Level 2 | Measured on a Recurring Basis      
Assets:      
Derivative assets 11.2    
Total assets measured and recorded at fair value 170.5   194.9
Liabilities:      
Derivative liabilities 54.5   93.8
Total liabilities measured and recorded at fair value 54.5   93.8
Level 2 | Measured on a Recurring Basis | Reverse repurchase agreements      
Assets:      
Cash and cash equivalents 70.0   70.0
Level 2 | Measured on a Recurring Basis | Commercial paper and other      
Assets:      
Cash and cash equivalents 89.3   102.0
Short-term investments     22.9
Level 2 | Measured on a Recurring Basis | Money market funds and time deposits      
Assets:      
Cash and cash equivalents 0.0   0.0
Level 3 | Measured on a Recurring Basis      
Assets:      
Derivative assets 0.0    
Total assets measured and recorded at fair value 0.0   0.0
Liabilities:      
Derivative liabilities 0.0   0.0
Total liabilities measured and recorded at fair value 0.0   0.0
Level 3 | Measured on a Recurring Basis | Reverse repurchase agreements      
Assets:      
Cash and cash equivalents 0.0   0.0
Level 3 | Measured on a Recurring Basis | Commercial paper and other      
Assets:      
Cash and cash equivalents 0.0   0.0
Short-term investments     0.0
Level 3 | Measured on a Recurring Basis | Money market funds and time deposits      
Assets:      
Cash and cash equivalents $ 0.0   $ 0.0
v3.20.1
Business Acquisitions (Details)
$ in Millions
 1 Months Ended
Apr. 30, 2020
USD ($)
Feb. 29, 2020
USD ($)
Feb. 20, 2020
USD ($)
numberOfAcquisitions
Feb. 28, 2019
USD ($)
Mar. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Business Acquisition [Line Items]            
Goodwill         $ 2,994.6 $ 2,976.5
Acquisitions            
Business Acquisition [Line Items]            
Number of acquisitions | numberOfAcquisitions     2      
Purchase consideration     $ 149.2      
Cash payable in future periods upon expiration of the contractual holdback period   $ 2.8        
Goodwill         $ 54.0  
Indefinite-lived intangible assets       $ 88.5    
Finite-lived intangible assets       15.8    
Liabilities assumed       $ 9.1    
Weighted average amortization period of acquired finite-lived intangible assets       5 years 1 month 6 days    
Acquisitions | Subsequent Event            
Business Acquisition [Line Items]            
Purchase consideration $ 44.9          
Cash payable in future periods upon expiration of the contractual holdback period $ 1.4          
v3.20.1
Goodwill and Intangible Assets - Schedule of Goodwill (Details)
$ in Millions
 3 Months Ended
Mar. 31, 2020
USD ($)
Goodwill [Roll Forward]  
Balance at December 31, 2019 $ 2,976.5
Goodwill related to acquisitions 54.0
Impact of foreign currency translation (35.9)
Balance at March 31, 2020 $ 2,994.6
v3.20.1
Goodwill and Intangible Assets - Schedule of Intangible Assets (Details) - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]    
Accumulated Amortization $ (543.8) $ (566.7)
Net Carrying Amount 471.0  
Gross  Carrying Amount 1,695.7 1,664.4
Net Carrying Amount 1,151.9 1,097.7
Trade names and branding    
Indefinite-lived Intangible Assets [Line Items]    
Carrying Amount 445.0 445.0
Domain portfolio    
Indefinite-lived Intangible Assets [Line Items]    
Carrying Amount 235.9 148.1
Customer-related    
Finite-Lived Intangible Assets [Line Items]    
Gross  Carrying Amount 788.0 838.4
Accumulated Amortization (456.2) (475.6)
Net Carrying Amount 331.8 362.8
Developed technology    
Finite-Lived Intangible Assets [Line Items]    
Gross  Carrying Amount 149.4 151.5
Accumulated Amortization (64.2) (67.3)
Net Carrying Amount 85.2 84.2
Trade names and other    
Finite-Lived Intangible Assets [Line Items]    
Gross  Carrying Amount 77.4 81.4
Accumulated Amortization (23.4) (23.8)
Net Carrying Amount $ 54.0 $ 57.6
v3.20.1
Goodwill and Intangible Assets - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Finite-Lived Intangible Assets [Line Items]    
Amortization expense $ 33.2 $ 30.8
Customer-related    
Finite-Lived Intangible Assets [Line Items]    
Weighted average remaining amortization period 68 months  
Developed technology    
Finite-Lived Intangible Assets [Line Items]    
Weighted average remaining amortization period 41 months  
Trade names and other    
Finite-Lived Intangible Assets [Line Items]    
Weighted average remaining amortization period 83 months  
Weighted Average    
Finite-Lived Intangible Assets [Line Items]    
Weighted average remaining amortization period 65 months  
v3.20.1
Goodwill and Intangible Assets - Future Amortization of Finite Lived Intangible Assets (Details)
$ in Millions
Mar. 31, 2020
USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]  
2020 (remainder of) $ 83.2
2021 87.9
2022 86.0
2023 71.0
2024 60.4
Thereafter 82.5
Net Carrying Amount $ 471.0
v3.20.1
Stockholders' Equity (Details) - USD ($)
shares in Thousands
 1 Months Ended 3 Months Ended
Apr. 30, 2020
Mar. 31, 2020
May 05, 2020
Dec. 31, 2019
Class of Stock [Line Items]        
Aggregate purchase price   $ 398,000,000.0    
Liability related to stock repurchases   $ 82,300,000   $ 0
Subsequent Event        
Class of Stock [Line Items]        
Share repurchase program, approved amount     $ 500,000,000.0  
Class A Common Stock        
Class of Stock [Line Items]        
Repurchases of Class A common stock (in shares)   7,341    
Aggregate purchase price   $ 398,000,000.0    
Class A Common Stock | Subsequent Event        
Class of Stock [Line Items]        
Repurchases of Class A common stock (in shares) 2,645      
Aggregate purchase price $ 143,700,000      
v3.20.1
Equity-Based Compensation - Narrative (Details)
shares in Thousands, $ in Millions
 3 Months Ended
Mar. 31, 2020
USD ($)
shares
Jan. 01, 2020
shares
Dec. 31, 2019
shares
TSR-based PSUs | Minimum      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Percent of originally granted PSUs received as shares on the settlement date 0.00%    
TSR-based PSUs | Maximum      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Percent of originally granted PSUs received as shares on the settlement date 200.00%    
TSR-based PSUs | Dividend Rate      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Measurement input 0    
Stock Options      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Unrecognized compensation costs | $ $ 29.2    
Weighted average recognition period 2 years 6 months    
Stock Awards      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Unrecognized compensation costs | $ $ 348.1    
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)     23,363
Additional shares reserved for future issuance (in shares)   6,974  
Shares reserved for issuance (in shares) 27,134    
2015 Employee Stock Purchase Plan | Class A Common Stock | ESPP      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Shares reserved for future issuance (in shares)     3,575
Additional shares reserved for future issuance (in shares)   1,000  
Shares reserved for issuance (in shares) 4,575    
v3.20.1
Equity-Based Compensation - Summary of Stock Option Activity (Details)
shares in Thousands
 3 Months Ended
Mar. 31, 2020
$ / shares
shares
Number of Shares of Class A Common Stock (#)  
Outstanding at beginning of period (in shares) | shares 6,304
Granted (in shares) | shares 144
Exercised (in shares) | shares (724)
Forfeited (in shares) | shares (178)
Outstanding at end of period (in shares) | shares 5,546
Vested at end of period (in shares) | shares 3,695
Weighted-average grant date fair value per share (in dollars per share) $ 21.83
Weighted- Average Exercise Price Per Share ($)  
Outstanding weighted average exercise price (in dollars per share) 38.08
Granted (in dollars per share) 67.11
Exercised (in dollars per share) 21.67
Forfeited (in dollars per share) 60.71
Outstanding weighted average exercise price (in dollars per share) 40.25
Vested at end of period (in dollars per share) $ 29.82
v3.20.1
Equity-Based Compensation - Summary of Stock Award Activity (Details)
shares in Thousands
 3 Months Ended
Mar. 31, 2020
$ / shares
shares
Number of Shares of Class A Common Stock (#)  
Outstanding at beginning of period (in shares) 5,240
Vested (in shares) (1,173)
Forfeited (in shares) (188)
Outstanding at end of period (in shares) 7,305
RSUs  
Number of Shares of Class A Common Stock (#)  
Granted (in shares) 3,012
Outstanding at end of period (in shares) 6,354
Weighted-average grant-date fair value per share (in dollars per share) | $ / shares $ 67.27
TSR-based PSUs  
Number of Shares of Class A Common Stock (#)  
Granted (in shares) 414
Outstanding at end of period (in shares) 414
Weighted-average grant-date fair value per share (in dollars per share) | $ / shares $ 106.14
Financial-based PSUs granted for accounting purposes  
Number of Shares of Class A Common Stock (#)  
Outstanding at end of period (in shares) 282
Weighted-average grant-date fair value per share (in dollars per share) | $ / shares $ 66.92
Financial-based PSUs not yet granted for accounting purposes  
Number of Shares of Class A Common Stock (#)  
Outstanding at end of period (in shares) 255
v3.20.1
Deferred Revenue - Composition of Deferred Revenue (Details) - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Disaggregation of Revenue [Line Items]    
Deferred revenue, current $ 1,606.4 $ 1,544.4
Deferred revenue, noncurrent 685.0 654.4
Domains    
Disaggregation of Revenue [Line Items]    
Deferred revenue, current 776.1 752.7
Deferred revenue, noncurrent 390.5 382.2
Hosting and presence    
Disaggregation of Revenue [Line Items]    
Deferred revenue, current 545.8 526.7
Deferred revenue, noncurrent 202.1 187.2
Business applications    
Disaggregation of Revenue [Line Items]    
Deferred revenue, current 284.5 265.0
Deferred revenue, noncurrent $ 92.4 $ 85.0
v3.20.1
Deferred Revenue - Narrative (Details)
$ in Millions
 3 Months Ended
Mar. 31, 2020
USD ($)
Revenue from Contract with Customer [Abstract]  
Revenue recognized $ 622.0
v3.20.1
Deferred Revenue - Expected Recognition of Deferred Revenue (Details)
$ in Millions
Mar. 31, 2020
USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 2,291.4
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-04-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 1,405.9
Expected timing of recognition 9 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 531.7
Expected timing of recognition 1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 183.4
Expected timing of recognition 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 $ 77.5
Expected timing of recognition 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 $ 42.1
Expected timing of recognition 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 $ 50.8
Expected timing of recognition
Domains  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 1,166.6
Domains | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-04-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 672.0
Expected timing of recognition 9 months
Domains | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 275.5
Expected timing of recognition 1 year
Domains | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 96.4
Expected timing of recognition 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 $ 52.1
Expected timing of recognition 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 $ 30.5
Expected timing of recognition 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 $ 40.1
Expected timing of recognition
Hosting and presence  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 747.9
Hosting and presence | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-04-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 481.8
Expected timing of recognition 9 months
Hosting and presence | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 171.1
Expected timing of recognition 1 year
Hosting and presence | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 57.4
Expected timing of recognition 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 $ 19.4
Expected timing of recognition 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 $ 9.3
Expected timing of recognition 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 $ 8.9
Expected timing of recognition
Business applications  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 376.9
Business applications | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-04-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 252.1
Expected timing of recognition 9 months
Business applications | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 85.1
Expected timing of recognition 1 year
Business applications | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 29.6
Expected timing of recognition 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 $ 6.0
Expected timing of recognition 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 $ 2.3
Expected timing of recognition 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 $ 1.8
Expected timing of recognition
v3.20.1
Accrued Expenses and Other Current Liabilities (Details) - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Payables and Accruals [Abstract]    
Accrued payroll and employee benefits $ 83.8 $ 116.9
Share repurchases not yet settled 82.3 0.0
Derivative liabilities 54.5 93.8
Current portion of operating lease liabilities 41.7 39.5
Tax-related accruals 38.8 30.8
Accrued legal and professional 26.4 28.7
Accrued marketing and advertising 20.6 14.7
Accrued acquisition-related expenses and acquisition consideration payable 16.3 8.3
Accrued other 42.6 33.3
Accrued expenses and other current liabilities $ 407.0 $ 366.0
v3.20.1
Long-Term Debt - Composition of Long-Term Debt (Details) - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Debt Instrument [Line Items]    
Long-term debt $ 2,426.1 $ 2,432.3
Less unamortized original issue discount on long-term debt (12.5) (13.2)
Less unamortized debt issuance costs (22.9) (23.9)
Less current portion of long-term debt (18.4) (18.4)
Long-term debt, net of current portion 2,372.3 2,376.8
Term Loan | Secured Debt    
Debt Instrument [Line Items]    
Long-term debt $ 1,826.1 $ 1,832.3
Effective interest rate percentage 3.80% 4.70%
Senior Notes | Secured Debt    
Debt Instrument [Line Items]    
Effective interest rate percentage 5.40% 5.40%
Senior Notes | Senior Notes    
Debt Instrument [Line Items]    
Long-term debt $ 600.0 $ 600.0
Revolver | Line of Credit | Revolving Credit Facility    
Debt Instrument [Line Items]    
Long-term debt $ 0.0 $ 0.0
v3.20.1
Long-Term Debt - Narrative (Details) - USD ($)
 1 Months Ended
Jun. 30, 2019
Mar. 31, 2020
Dec. 31, 2019
Term Loan | LIBOR      
Debt Instrument [Line Items]      
Basis spread on variable rate 1.75%    
Term Loan | LIBOR | Option 1      
Debt Instrument [Line Items]      
Basis spread on variable rate 1.00%    
Term Loan | Base Rate      
Debt Instrument [Line Items]      
Basis spread on variable rate 0.75%    
Term Loan | Federal Funds Rate      
Debt Instrument [Line Items]      
Basis spread on variable rate 0.50%    
Secured Debt | Term Loan | Level 2      
Debt Instrument [Line Items]      
Estimated fair value of long-term debt   $ 1,753,100,000  
Secured Debt | Senior Notes | Level 2      
Debt Instrument [Line Items]      
Estimated fair value of long-term debt   609,800,000  
Line of Credit | Revolver | Revolving Credit Facility      
Debt Instrument [Line Items]      
Available borrowing capacity   $ 600,000,000.0  
Line of Credit | Revolver | Revolving Credit Facility | LIBOR | Minimum      
Debt Instrument [Line Items]      
Basis spread on variable rate 1.25%    
Line of Credit | Revolver | Revolving Credit Facility | LIBOR | Maximum      
Debt Instrument [Line Items]      
Basis spread on variable rate 1.75%    
Line of Credit | Revolver | Revolving Credit Facility | LIBOR | Option 1      
Debt Instrument [Line Items]      
Basis spread on variable rate 1.00%    
Line of Credit | Revolver | Revolving Credit Facility | LIBOR | Option 1 | Minimum      
Debt Instrument [Line Items]      
Basis spread on variable rate 0.25%    
Line of Credit | Revolver | Revolving Credit Facility | LIBOR | Option 1 | Maximum      
Debt Instrument [Line Items]      
Basis spread on variable rate 0.75%    
Line of Credit | Revolver | Revolving Credit Facility | Federal Funds Rate      
Debt Instrument [Line Items]      
Basis spread on variable rate 0.50%    
Senior Notes | Senior Notes      
Debt Instrument [Line Items]      
Long-term debt     $ 600,000,000.0
Stated interest rate     5.25%
v3.20.1
Long-Term Debt - Aggregate Principal Payments Due on Long-Term Debt (Details) - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Debt Disclosure [Abstract]    
2020 (remainder of) $ 18.8  
2021 25.0  
2022 25.0  
2023 25.0  
2024 1,732.3  
Thereafter 600.0  
Aggregate principal payments due $ 2,426.1 $ 2,432.3
v3.20.1
Derivatives and Hedging - Summary of Outstanding Derivative Instruments (Details) - Cash Flow Hedging - Designated as Hedging Instrument
€ in Millions, $ in Millions
Mar. 31, 2020
USD ($)
€ / $
Dec. 31, 2019
USD ($)
€ / $
Apr. 30, 2017
USD ($)
Apr. 30, 2017
EUR (€)
Level 2        
Derivative [Line Items]        
Notional amount $ 2,868.9 $ 2,783.7    
Level 2 | Prepaid Expenses and Other Current Assets        
Derivative [Line Items]        
Fair value of derivative assets 11.2 0.0    
Level 2 | Accrued Expenses and Other Current Liabilities        
Derivative [Line Items]        
Fair value of derivative liabilities 54.5 93.8    
Foreign exchange forward contracts | Level 2        
Derivative [Line Items]        
Notional amount 251.0 138.9    
Foreign exchange forward contracts | Level 2 | Prepaid Expenses and Other Current Assets        
Derivative [Line Items]        
Fair value of derivative assets 11.2 0.0    
Foreign exchange forward contracts | Level 2 | Accrued Expenses and Other Current Liabilities        
Derivative [Line Items]        
Fair value of derivative liabilities $ 0.0 $ 3.3    
Cross-currency swap        
Derivative [Line Items]        
Notional amount     $ 1,325.4 € 1,243.3
Euro to U.S. dollar exchange rate for translation | € / $ 1.10 1.12    
Cross-currency swap | Level 2        
Derivative [Line Items]        
Notional amount $ 1,332.2 $ 1,355.8    
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 6.1 64.1    
Interest rate swap        
Derivative [Line Items]        
Notional amount     $ 1,325.4  
Interest rate swap | Level 2        
Derivative [Line Items]        
Notional amount 1,285.7 1,289.0    
Interest rate swap | Level 2 | Prepaid Expenses and Other Current Assets        
Derivative [Line Items]        
Fair value of derivative assets 0.0 0.0    
Interest rate swap | Level 2 | Accrued Expenses and Other Current Liabilities        
Derivative [Line Items]        
Fair value of derivative liabilities $ 48.4 $ 26.4    
v3.20.1
Derivatives and Hedging - Summary of the Gains (Losses) Recognized within Earnings Related to Derivative Instruments (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Derivative [Line Items]    
Unrealized Gains (Losses) Recognized in Other Comprehensive Income $ 11.7 $ (1.0)
Revenue 792.0 710.0
Interest Expense 21.2 24.4
Other Income (Expense), Net (1.4) 6.2
Reclassification out of Accumulated Other Comprehensive Income | Net Unrealized Gains (Losses) on Cash Flow Hedges    
Derivative [Line Items]    
Revenue 0.8 0.5
Interest Expense 5.1 7.3
Other Income (Expense), Net 20.2 27.5
Cash Flow Hedging | Designated as Hedging Instrument    
Derivative [Line Items]    
Unrealized Gains (Losses) Recognized in Other Comprehensive Income 30.0 (0.2)
Foreign exchange forward contracts | Reclassification out of Accumulated Other Comprehensive Income | Net Unrealized Gains (Losses) on Cash Flow Hedges    
Derivative [Line Items]    
Revenue 0.8 0.5
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 14.3 0.8
Cross-currency swap | Reclassification out of Accumulated Other Comprehensive Income | Net Unrealized Gains (Losses) on Cash Flow Hedges    
Derivative [Line Items]    
Revenue 0.0 0.0
Interest Expense 7.6 7.2
Other Income (Expense), Net 20.2 27.5
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 (20.3) (27.7)
Cross-currency swap | Cash Flow Hedging | Designated as Hedging Instrument    
Derivative [Line Items]    
Unrealized Gains (Losses) Recognized in Other Comprehensive Income 37.7 8.6
Interest rate 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 (2.5) 0.1
Other Income (Expense), Net 0.0 0.0
Interest rate swap | Cash Flow Hedging | Designated as Hedging Instrument    
Derivative [Line Items]    
Unrealized Gains (Losses) Recognized in Other Comprehensive Income $ (22.0) $ (9.6)
v3.20.1
Derivatives and Hedging - Narrative (Details)
€ in Millions
 1 Months Ended 3 Months Ended
Apr. 30, 2017
EUR (€)
Mar. 31, 2020
USD ($)
Mar. 31, 2019
USD ($)
Apr. 30, 2017
USD ($)
Derivative [Line Items]        
Net deferred gains from cash flow hedges   $ 21,300,000    
Amounts excluded from effectiveness testing   $ 0 $ 0  
Cash Flow Hedging | Designated as Hedging Instrument | Foreign exchange forward contracts        
Derivative [Line Items]        
Derivative remaining maturity   18 months    
Cash Flow Hedging | Designated as Hedging Instrument | Cross-currency swap        
Derivative [Line Items]        
Derivative contract term 5 years      
Derivative notional amount € 1,243.3     $ 1,325,400,000
Derivative, fixed interest rate 5.44%     5.44%
Cash Flow Hedging | Designated as Hedging Instrument | Interest rate swap        
Derivative [Line Items]        
Derivative contract term 5 years      
Derivative notional amount       $ 1,325,400,000
Derivative, fixed interest rate 5.44%     5.44%
Euro-Denominated Intercompany Loan        
Derivative [Line Items]        
Base rate 3.00%     3.00%
v3.20.1
Leases - Narrative (Details)
Mar. 31, 2020
Leases [Abstract]  
Operating lease, remaining weighted average lease term 8 years 2 months 12 days
Operating lease, weighted average discount rate 5.10%
v3.20.1
Leases - Components of Lease Expenses (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Leases [Abstract]    
Operating lease costs $ 13.7 $ 12.7
Variable lease costs 2.3 2.5
Sublease income (0.9) (0.5)
Net lease costs $ 15.1 $ 14.7
v3.20.1
Commitments and Contingencies (Details) - USD ($)
 3 Months Ended
Jun. 13, 2019
Mar. 31, 2020
Dec. 31, 2019
Loss Contingencies [Line Items]      
Reduction in general and administrative expenses related to settlement   $ 2,900,000  
Estimated loss provision for settlement   15,100,000  
Indirect Taxation      
Loss Contingencies [Line Items]      
Accrual for estimated indirect tax liabilities   $ 9,200,000 $ 9,400,000
Class Action Complaint | Pending Litigation      
Loss Contingencies [Line Items]      
Proposed settlement amount (up to) $ 35,000,000.0    
v3.20.1
Income Taxes (Details)
$ in Millions
 3 Months Ended
Mar. 31, 2020
USD ($)
Income Tax Disclosure [Abstract]  
Reversal of a previously-established valuation allowance $ 3.0
Uncertain tax position related to an acquisition $ 15.6
v3.20.1
Payable Pursuant to the TRAs (Details) - Reorganization Parties and Continuing LLC Owners - Investor - Tax Receivable Agreement - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Mar. 31, 2019
Related Party Transaction [Line Items]      
Due to related parties   $ 175.3 $ 175.3
Percent of tax benefits owed under tax receivable agreement   85.00%  
Maximum TRA liability related to basis adjustment $ 1,119.5    
Maximum TRA liability related to pre-IPO organizational transactions $ 459.1    
v3.20.1
Income Per Share - Reconciliation of the Numerator and Denominator Used in the Calculation of Basic and Diluted Net Income Per Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Millions
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Numerator    
Net income $ 43.2 $ 13.2
Less: net income attributable to non-controlling interests 0.3 0.3
Net income attributable to GoDaddy Inc. $ 42.9 $ 12.9
Class A Common Stock    
Denominator [Abstract]    
Weighted-average shares of Class A common stock outstanding—basic (in shares) 173,113 171,001
Weighted-average shares of Class A Common stock outstanding—diluted (in shares) 177,857 183,148
Net income attributable to GoDaddy Inc. per share of Class A common stock—basic (in USD per share) $ 0.25 $ 0.08
Net income attributable to GoDaddy Inc. per share of Class A common stock—diluted (in USD per share) $ 0.24 $ 0.07
Class B Common Stock    
Denominator [Abstract]    
Effect of dilutive securities (in shares) 1,360 4,665
Stock options    
Denominator [Abstract]    
Effect of dilutive securities (in shares) 2,355 5,304
RSUs, PSUs and ESPP shares    
Denominator [Abstract]    
Effect of dilutive securities (in shares) 1,029 2,178
v3.20.1
Income Per Share - Summary of Weighted Average Potentially Dilutive Shares (Details) - shares
shares in Thousands
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Earnings Per Share [Abstract]    
Antidilutive securities (in shares) 3,130 2,223
v3.20.1
Income Per Share - Narrative (Details)
Mar. 31, 2020
shares
Class B Common Stock  
Class of Stock [Line Items]  
Conversion feature of Class B common stock, number of Class A common shares 1
v3.20.1
Geographic Information (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Dec. 31, 2019
Revenues from External Customers and Long-Lived Assets [Line Items]      
Revenue $ 792.0 $ 710.0  
Property and equipment, net 254.4   $ 258.6
U.S.      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Revenue 529.6 464.9  
Property and equipment, net 199.7   200.4
International      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Revenue 262.4 $ 245.1  
Property and equipment, net $ 54.7   $ 58.2
v3.20.1
Accumulated Other Comprehensive Loss - AOCI Activity in Equity (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Dec. 31, 2019
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]      
Balance $ 782.1 $ 824.5  
Balance 489.1 923.4  
Less: AOCI attributable to non-controlling interests (8.4)   $ (10.1)
Total stockholders' equity attributable to GoDaddy Inc. 480.7   $ 772.0
Foreign Currency Translation Adjustments      
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]      
Balance (54.6) (92.3)  
Other comprehensive income (loss) before reclassifications (24.9) 27.9  
Amounts reclassified from AOCI 0.0 0.0  
Other comprehensive income (loss) (24.9) 27.9  
Balance (79.5) (64.4)  
Net Unrealized Gains (Losses) on Cash Flow Hedges      
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]      
Balance (24.3) (22.4)  
Other comprehensive income (loss) before reclassifications (0.1) (35.5)  
Amounts reclassified from AOCI 26.1 35.3  
Other comprehensive income (loss) 26.0 (0.2)  
Balance 1.7 (22.6)  
AOCI Including Portion Attributable to Noncontrolling Interest      
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]      
Balance (78.9) (114.7)  
Other comprehensive income (loss) before reclassifications (25.0) (7.6)  
Amounts reclassified from AOCI 26.1 35.3  
Other comprehensive income (loss) 1.1 27.7  
Balance (77.8) (87.0)  
AOCI Attributable to Noncontrolling Interest      
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]      
Less: AOCI attributable to non-controlling interests 0.6 0.7  
AOCI Attributable to Parent      
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]      
Balance (78.2) (72.1)  
Balance (77.2) (86.3)  
Total stockholders' equity attributable to GoDaddy Inc. $ (77.2) $ (86.3)  
v3.20.1
Subsequent Events (Details) - Subsequent Event - USD ($)
 1 Months Ended
Apr. 30, 2020
May 05, 2020
Subsequent Event [Line Items]    
Share repurchase program, approved amount   $ 500,000,000.0
Neustar, Inc.    
Subsequent Event [Line Items]    
Purchase consideration $ 218,000,000.0  
v3.20.1
Label Element Value
Cumulative Effect of New Accounting Principle in Period of Adoption us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption $ 3,300,000
Cumulative Effect of New Accounting Principle in Period of Adoption us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption (600,000)
Retained Earnings [Member]  
Cumulative Effect of New Accounting Principle in Period of Adoption us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption (600,000)
Cumulative Effect of New Accounting Principle in Period of Adoption us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption $ 3,300,000