v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)
$ in Thousands
Total
Common Stock
Class B Common Stock
Common Stock
Common Stock
Common Stock
Class B Common Stock
Additional Paid-In Capital
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Beginning balance (in shares) at Dec. 31, 2023       867,432,000 54,745,000      
Beginning balance at Dec. 31, 2023 $ 3,788,646     $ 8,674 $ 547 $ 7,413,305 $ (3,617,718) $ (16,162)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) 183,945           183,945  
Other comprehensive income (loss), net of tax 3,235             3,235
Dividends (100,218)           (100,218)  
Share-based compensation expense 29,387         29,387    
Repurchases of common stock (including excise tax) (in shares)       (15,000,000)        
Repurchases of common stock (including excise tax) (94,119)     $ (150)   (93,969)    
Transactions related to employee share-based compensation plans and other (in shares)       4,621,000        
Transactions related to employee share-based compensation plans and other (2,666)     $ 47   (1,662) (1,051)  
Ending balance (in shares) at Jun. 30, 2024       857,053,000 54,745,000      
Ending balance at Jun. 30, 2024 3,808,210     $ 8,571 $ 547 7,347,061 (3,535,042) (12,927)
Beginning balance (in shares) at Mar. 31, 2024       855,629,000 54,745,000      
Beginning balance at Mar. 31, 2024 3,735,781     $ 8,556 $ 547 7,317,895 (3,576,763) (14,454)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) 92,394           92,394  
Other comprehensive income (loss), net of tax 1,527             1,527
Dividends (50,148)           (50,148)  
Share-based compensation expense 21,416         21,416    
Transactions related to employee share-based compensation plans and other (in shares)       1,424,000        
Transactions related to employee share-based compensation plans and other 7,240     $ 15   7,750 (525)  
Ending balance (in shares) at Jun. 30, 2024       857,053,000 54,745,000      
Ending balance at Jun. 30, 2024 3,808,210     $ 8,571 $ 547 7,347,061 (3,535,042) (12,927)
Beginning balance (in shares) at Dec. 31, 2024   836,589,761 54,744,525 836,590,000 54,745,000      
Beginning balance at Dec. 31, 2024 3,800,801     $ 8,366 $ 547 7,117,098 (3,318,174) (7,036)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) 305,425           305,425  
Other comprehensive income (loss), net of tax 86             86
Dividends (93,081)           (93,081)  
Share-based compensation expense 32,170         32,170    
Repurchases of common stock (including excise tax) (in shares)       (64,801,000)        
Repurchases of common stock (including excise tax) (394,617)     $ (648)   (393,969)    
Transactions related to employee share-based compensation plans and other (in shares)       6,168,000        
Transactions related to employee share-based compensation plans and other 8,595     $ 62   9,417 (884)  
Ending balance (in shares) at Jun. 30, 2025   777,957,176 54,744,525 777,957,000 54,745,000      
Ending balance at Jun. 30, 2025 3,659,379     $ 7,780 $ 547 6,764,716 (3,106,714) (6,950)
Beginning balance (in shares) at Mar. 31, 2025       788,153,000 54,745,000      
Beginning balance at Mar. 31, 2025 3,617,292     $ 7,882 $ 547 6,840,189 (3,225,634) (5,692)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) 165,179           165,179  
Other comprehensive income (loss), net of tax (1,258)             (1,258)
Dividends (45,895)           (45,895)  
Share-based compensation expense 11,649         11,649    
Repurchases of common stock (including excise tax) (in shares)       (11,833,000)        
Repurchases of common stock (including excise tax) (89,711)     $ (118)   (89,593)    
Transactions related to employee share-based compensation plans and other (in shares)       1,637,000        
Transactions related to employee share-based compensation plans and other 2,123     $ 16   2,471 (364)  
Ending balance (in shares) at Jun. 30, 2025   777,957,176 54,744,525 777,957,000 54,745,000      
Ending balance at Jun. 30, 2025 $ 3,659,379     $ 7,780 $ 547 $ 6,764,716 $ (3,106,714) $ (6,950)