v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 1,097,026 $ 517,707
Marketable securities 224,204 1,078,876
Accounts receivable, net of reserves of $4,860 and $3,522 at March 31, 2025, and December 31, 2024, respectively 759,438 727,687
Prepaid expenses and other current assets 294,303 253,827
Total current assets 2,374,971 2,578,097
Marketable securities 23,020 275,592
Property and equipment, net 2,110,054 1,995,071
Operating lease right-of-use assets 977,419 1,006,738
Acquired intangible assets, net 700,717 727,585
Goodwill 3,157,409 3,151,077
Deferred income tax assets 454,568 483,249
Other assets 184,032 151,376
Total assets 9,982,190 10,368,785
Current liabilities:    
Accounts payable 155,917 130,447
Accrued expenses 265,371 370,888
Deferred revenue 169,529 149,222
Convertible senior notes 1,149,761 1,149,116
Operating lease liabilities 263,365 259,134
Other current liabilities 12,586 32,516
Total current liabilities 2,016,529 2,091,323
Deferred revenue 22,945 26,314
Deferred income tax liabilities 18,151 16,066
Convertible senior notes 2,397,953 2,396,695
Operating lease liabilities 807,697 829,660
Other liabilities 134,354 130,370
Total liabilities 5,397,629 5,490,428
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.01 par value; 5,000,000 shares authorized; 700,000 shares designated as Series A Junior Participating Preferred Stock; no shares issued or outstanding 0 0
Common stock, $0.01 par value; 700,000,000 shares authorized; 157,767,206 shares issued and 146,086,802 shares outstanding at March 31, 2025, and 155,647,988 shares issued and 150,025,096 outstanding at December 31, 2024 1,578 1,556
Additional paid-in capital 2,673,892 2,618,384
Accumulated other comprehensive loss (135,385) (155,993)
Treasury stock, at cost, 11,680,404 shares at March 31, 2025, and 5,622,892 shares at December 31, 2024 (1,051,593) (558,488)
Retained earnings 3,096,069 2,972,898
Total stockholders’ equity 4,584,561 4,878,357
Total liabilities and stockholders’ equity $ 9,982,190 $ 10,368,785