v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 1,031,448 $ 1,314,285
Accounts receivable, less allowance for credit loss of $7,299 at June 30, 2026 and $7,241 at December 31, 2025 2,631,118 2,021,889
Deferred contract costs 259,486 283,281
Other 84,969 136,167
Total current assets 4,007,021 3,755,622
Property and equipment, less accumulated depreciation and amortization of $665,264 at June 30, 2026 and $651,087 at December 31, 2025 451,086 462,122
Operating lease right-of-use assets 546,607 550,162
Goodwill 7,927 7,927
Deferred income tax asset, net 103,092 101,671
Other assets, net 19,177 16,134
Total assets 5,134,910 4,893,638
Current Liabilities:    
Accounts payable 1,468,305 1,123,429
Accrued expenses 607,664 448,055
Contract liabilities 348,857 358,386
Current portion of operating lease liabilities 116,234 110,891
Federal, state and foreign income taxes payable 18,378 32,046
Total current liabilities 2,559,438 2,072,807
Noncurrent portion of operating lease liabilities 451,051 459,698
Deferred income tax liability, net 3,348 3,040
Commitments and contingencies
Shareholders’ Equity:    
Common stock, par value $0.01 per share. Issued and outstanding: 130,021 at June 30, 2026 and 133,884 at December 31, 2025 1,300 1,339
Additional paid-in capital 0 0
Retained earnings 2,309,720 2,538,455
Accumulated other comprehensive loss (192,318) (184,161)
Total shareholders’ equity 2,118,702 2,355,633
Noncontrolling interest 2,371 2,460
Total equity 2,121,073 2,358,093
Total liabilities and equity $ 5,134,910 $ 4,893,638