We lease all of our facilities and do not own any real property.
−Removed: Our headquarters is located in San Francisco, California where we sub-lease several floors consisting of 259,416 square feet of office space at 101 Spear Street.
−Removed: The sub-lease covers several floors for which the terms commence on December 1, 2018 and April 1, 2020 and will be expiring at various dates between March, 2025 and June, 2028.
−Removed: Our existing lease obligations are secured by letters of credit with a cumulative value of $20.5 million .
+Added: Our headquarters is located in San Francisco, California, where we have sub-leased several floors, consisting of 259,416 square feet of office space at 101 Spear Street.
+Added: The sub-lease covers several floors for which the terms commenced on December 1, 2018 and April 1, 2020 and will be expiring at various dates between March 2025 and June 2028.
+Added: Our existing lease obligations are secured by letters of credit with a cumulative value of $24.3 million as of December 31, 2020.
We also lease approximately 600,000 square feet in various locations in North America, South America, Europe and Asia.
This includes our international headquarters in Dublin, Ireland and regional offices used for business operations, sales, support, and product development.
−Removed: Additional information regarding our lease commitments is available in Note 5 to our consolidated financial statements included elsewhere in this Annual Report on Form 10-K.
+Added: Additional information regarding our lease commitments is available in Note 5 of our consolidated financial statements included in Part II, Item 8, "Financial Statements and Supplementary Data" of this Annual Report on Form 10-K.
We intend to procure additional space in the future as we continue to add employees and expand geographically.
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