v3.25.1
Cash and Available-for-Sale Securities
 3 Months Ended
Mar. 31, 2025
Investments, Debt and Equity Securities [Abstract]  
Cash and Available-for-Sale Securities Cash and Available-for-Sale Securities
Cash, cash equivalents and investments consisted of the following (in thousands): 
March 31, 2025
Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Estimated
Fair Value		Cash and
Cash
Equivalents		Investments
Cash$841,568 $— $— $841,568 $841,568 $— 
Time deposits770,000 — — 770,000 60,000 710,000 
Money market funds960,378 — — 960,378 960,378 — 
Totals$2,571,946 $— $— $2,571,946 $1,861,946 $710,000 
December 31, 2024
Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Estimated
Fair Value		Cash and
Cash
Equivalents		Investments
Cash$948,894 $— $— $948,894 $948,894 $— 
Time deposits790,000 — — 790,000 210,000 580,000 
Money market funds1,253,970 — — 1,253,970 1,253,970 — 
Totals$2,992,864 $— $— $2,992,864 $2,412,864 $580,000 
Cash equivalents and investments are considered available-for-sale securities. We use the specific-identification method for calculating realized gains and losses on securities sold and include them in interest expense, net in the condensed consolidated statements of loss. Our investment balances represent time deposits with original maturities of greater than three months and less than one year. Interest income from available-for-sale securities was $27.6 million and $23.3 million in the three months ended March 31, 2025 and 2024, respectively.