| Schedule of Debt |
Long-term debt consists of the following (in thousands): | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | Term debt | $ | 3,200,000 | | | $ | 3,200,000 | | Debt issuance costs and debt discount | (89,947) | | | (101,444) | | | 3,110,053 | | | 3,098,556 | | Less current portion of long-term debt | 90,718 | | | 46,316 | | Total long-term debt, net of current portion | $ | 3,019,335 | | | $ | 3,052,240 | |
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| Schedule of Convertible Debt |
The following is a summary of the Company’s convertible notes as of June 30, 2026 (in thousands): | | | | | | | | | | | | | | | | | | | Principal Amount | | Unamortized Debt Discount and Issuance Costs | | Net Carrying Amount | Short-term convertible notes: | | | | | | | 2030 Convertible notes | $ | 500,000 | | | $ | (9,054) | | | $ | 490,946 | | | 2031 Convertible notes | $ | 1,000,000 | | | $ | (388,970) | | | 611,030 | | | | | | | $ | 1,101,976 | | | | | | | | Convertible notes: | | | | | | | 2032 Convertible notes | $ | 1,025,000 | | | $ | (23,917) | | | $ | 1,001,083 | | | | | | | |
The following is a summary of the Company’s convertible notes as of December 31, 2025 (in thousands): | | | | | | | | | | | | | | | | | | | Principal Amount | | Unamortized Debt Discount and Issuance Costs | | Net Carrying Amount | Short-term convertible notes: | | | | | | | 2030 Convertible notes | $ | 500,000 | | | $ | (10,233) | | | $ | 489,767 | | | | | | | | Convertible notes: | | | | | | | 2031 Convertible notes | $ | 1,000,000 | | | $ | (416,301) | | | $ | 583,699 | | | 2032 Convertible notes | $ | 1,025,000 | | | $ | (25,911) | | | 999,089 | | | | | | | $ | 1,582,788 | |
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| Schedule of Maturities of Long-Term Debt |
Principal maturities of outstanding long term debt and convertible notes as of June 30, 2026 are as follows (in thousands): | | | | | | Year ending December 31: | | | Remainder of 2026 | $ | 13,850 | | | 2027 | 222,890 | | | 2028 | 297,290 | | | 2029 | 302,604 | | | 2030 | 2,863,366 | | Thereafter | 2,025,000 | | Total principal maturities | $ | 5,725,000 | |
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