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NOTE 4—FINANCIAL STATEMENT DETAILS
The following is a reconciliation of cash and cash equivalents and restricted cash to the statement of cash flows:
| | | As of June 30, | |
| | | 2026 | | | 2025 | |
| (In thousands) | | | (unaudited) | |
| Cash and cash equivalents | | $ | 318,886 | | | $ | 200,929 | |
| Restricted cash | | | 46,016 | | | | 46,398 | |
| Total cash, cash equivalents and restricted cash as presented in the statements of cash flows | | $ | 364,902 | | | $ | 247,327 | |
Restricted cash consists of the following:
| | | As of June 30, 2026 | | | As of December 31, 2025 | |
| (In thousands) | | (unaudited) | | | | | |
| Federal Maritime Commission and other escrow | | $ | 32,084 | | | $ | 19,186 | |
| Credit card processor reserves | | | 12,500 | | | | 12,500 | |
| Certificates of deposit and other restricted deposits | | | 1,432 | | | | 1,357 | |
| Total restricted cash | | $ | 46,016 | | | $ | 33,043 | |
Prepaid expenses and other current assets are as follows:
| | | As of June 30, 2026 | | | As of December 31, 2025 | |
| (In thousands) | | (unaudited) | | | | | |
| Prepaid tour expenses | | $ | 47,389 | | | $ | 37,981 | |
| Other | | | 30,445 | | | | 40,164 | |
| Total prepaid expenses and other current assets | | $ | 77,834 | | | $ | 78,145 | |
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