v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 736.3 $ 1,328.3
Short-term investments 218.4 265.9
Trade and other receivables, net 75.8 70.4
Prepaid expenses and other current assets 83.0 73.8
Total current assets 1,113.5 1,738.4
Property and equipment, net 362.2 358.8
Operating lease right-of-use asset 223.1 158.9
Intangible assets, net 42.5 54.9
Goodwill 452.3 442.8
Deferred tax assets 465.4 466.7
Other assets 120.4 104.7
Total assets 2,779.4 3,325.2
Current liabilities:    
Accounts payable 38.2 36.5
Accrued and other current liabilities 134.0 143.2
Accrued compensation and benefits 65.5 105.2
Operating lease liability 44.2 64.9
Finance lease obligation 126.4 123.3
Convertible senior notes, net, current 694.3 0.0
Term loan, net, current 10.0 10.0
Deferred revenue 742.6 727.7
Total current liabilities 1,855.2 1,210.8
Operating lease liability, non-current 318.3 250.4
Finance lease obligation, non-current 200.3 203.5
Convertible senior notes, net, non-current 689.1 1,381.6
Term loan, net, non-current 960.6 962.9
Other non-current liabilities 61.4 68.4
Total liabilities 4,084.9 4,077.6
Commitments and contingencies (Note 9)
Stockholders' deficit:    
Additional paid-in-capital 2,181.0 2,404.2
Accumulated deficit (3,487.6) (3,146.5)
Accumulated other comprehensive income (loss) 1.1 (10.1)
Total stockholders' deficit (1,305.5) (752.4)
Total liabilities and stockholders' deficit $ 2,779.4 $ 3,325.2