v3.26.1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 578,079 $ 853,836
Short-term investments 350,000 350,000
Accounts receivable, net of allowance for credit losses of $22,097 and $22,708 as of December 31, 2025 and March 31, 2026, respectively 1,259,922 1,240,550
Prepaid expenses and other current assets 217,257 211,981
Total current assets 2,405,258 2,656,367
Property, plant and equipment, net 180,669 190,448
Operating lease right-of-use assets 187,421 181,708
Deferred tax assets 269,073 258,789
Intangible assets, net 69,742 67,040
Goodwill 1,767,683 1,781,116
Contract cost assets 192,871 197,419
Other assets, net of allowance for credit losses of $10,659 and $12,435 as of December 31, 2025 and March 31, 2026, respectively 544,522 510,380
Total assets 5,617,239 5,843,267
Current liabilities    
Current portion of long-term debt 376,180 376,027
Accounts payable 26,231 27,533
Income taxes payable 42,639 43,074
Accrued expenses and other current liabilities 926,419 1,103,625
Operating lease liabilities 54,789 52,221
Total current liabilities 1,426,258 1,602,480
Long-term debt, less current portion 1,160,163 1,166,274
Operating lease liabilities 149,708 150,667
Deferred tax liabilities 21,385 21,081
Other liabilities 384,532 353,364
Total liabilities 3,142,046 3,293,866
Shareholders' equity    
Preferred shares, $0.01 par value, 250,000,000 authorized, none issued 0 0
Common shares, $0.01 par value, 500,000,000 authorized, 170,341,479 and 169,504,186 issued and outstanding as of December 31, 2025 and March 31, 2026, respectively 1,688 1,696
Additional paid-in capital 2,021,588 2,018,985
Retained earnings 1,436,409 1,390,164
Accumulated other comprehensive income (loss) (984,492) (861,444)
Total equity 2,475,193 2,549,401
Commitments and contingencies
Total liabilities and equity $ 5,617,239 $ 5,843,267