| Schedule of Net Carrying Amount of Convertible Notes |
The following tables summarize the Company's Notes as of June 30, 2026 and December 31, 2025 (in thousands): | | | | | | | | | | | | | | | | | | | June 30, 2026 | | Principal Outstanding | | Unamortized Debt Issuance Costs | | Net Carrying Value | | 2030 Senior Notes | $ | 1,200,000 | | | $ | (13,087) | | | $ | 1,186,913 | | | 2031 Senior Notes | 1,000,000 | | | (6,932) | | | 993,068 | | | 2032 Senior Notes | 2,000,000 | | | (20,842) | | | 1,979,158 | | | 2033 Senior Notes | 1,000,000 | | | (11,772) | | | 988,228 | | | 2027 Convertible Notes | 575,000 | | | (1,798) | | | 573,202 | | | Total | $ | 5,775,000 | | | $ | (54,431) | | | $ | 5,720,569 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | Principal Outstanding | | | | Unamortized Debt Issuance Costs | | Net Carrying Value | 2026 Senior Notes (i) | $ | 1,000,000 | | | | | $ | (1,173) | | | $ | 998,827 | | | 2030 Senior Notes | 1,200,000 | | | | | (14,467) | | | 1,185,533 | | | 2031 Senior Notes | 1,000,000 | | | | | (7,628) | | | 992,372 | | | 2032 Senior Notes | 2,000,000 | | | | | (22,266) | | | 1,977,734 | | | 2033 Senior Notes | 1,000,000 | | | | | (12,419) | | | 987,581 | | 2026 Convertible Notes (i) | 575,000 | | | | | (568) | | | 574,432 | | | 2027 Convertible Notes | 575,000 | | | | | (2,461) | | | 572,539 | | | Total | $ | 7,350,000 | | | | | $ | (60,982) | | | $ | 7,289,018 | |
(i) Net carrying value disclosed as current portion of long-term debt within total current liabilities on the condensed consolidated balance sheet.
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| Schedule of Interest Expense on Convertible Notes |
The Company recognized interest expense on the Notes as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | Six Months Ended
June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Contractual interest expense | $ | 78,131 | | | $ | 48,398 | | | $ | 157,854 | | | $ | 96,777 | | | Amortization of debt issuance costs | 3,049 | | | 2,481 | | | 6,552 | | | 5,430 | | | Total | $ | 81,180 | | | $ | 50,879 | | | $ | 164,406 | | | $ | 102,207 | |
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| Schedule of Amounts Drawn on Facilities by Year of Maturity |
The table below summarizes the future scheduled principal payments of amounts drawn on the Company's Warehouse Facilities (in thousands): | | | | | | | June 30, 2026 | | | | | 2026 | $ | 221,407 | | 2027 (i) | 640,537 | | | 2028 | 300,000 | | | Total | $ | 1,161,944 | |
(i) Includes $351.0 million of future scheduled principal payments disclosed as warehouse funding facilities, current, on the condensed consolidated balance sheet.
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