v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 1,480,257 $ 930,231
Marketable securities 1,875,130 256,302
Accounts receivable, net of reserves of $7,803 and $7,706 at June 30, 2026, and December 31, 2025, respectively 953,445 793,666
Prepaid expenses and other current assets 341,254 306,481
Total current assets 4,650,086 2,286,680
Marketable securities 1,260,918 733,228
Property and equipment, net 2,636,028 2,333,462
Operating lease right-of-use assets 1,689,018 1,469,700
Acquired intangible assets, net 564,281 614,542
Goodwill 3,202,854 3,206,525
Deferred income tax assets 852,383 622,776
Other assets 217,852 212,730
Total assets 15,073,420 11,479,643
Current liabilities:    
Accounts payable 273,378 125,054
Accrued expenses 277,771 319,622
Deferred revenue 200,269 151,186
Convertible senior notes 1,705,576 0
Operating lease liabilities 370,448 336,613
Other current liabilities 13,777 35,043
Total current liabilities 2,841,219 967,518
Deferred revenue 21,337 17,088
Deferred income tax liabilities 40,077 31,089
Convertible senior notes 5,857,252 4,105,355
Operating lease liabilities 1,405,710 1,233,420
Other liabilities 159,308 147,802
Total liabilities 10,324,903 6,502,272
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.01 par value; 5,000,000 shares authorized; 700,000 shares designated as Series A Junior Participating Preferred Stock; no shares issued or outstanding 0 0
Common stock, $0.01 par value; 700,000,000 shares authorized; 153,403,797 shares issued and 143,591,450 shares outstanding at June 30, 2026, and 149,711,094 shares issued and 144,711,094 outstanding at December 31, 2025 1,534 1,497
Additional paid-in capital 2,289,038 2,080,487
Accumulated other comprehensive loss (116,894) (94,756)
Treasury stock, at cost, 9,812,347 shares at June 30, 2026, and 5,000,000 shares at December 31, 2025 (1,035,813) (434,786)
Retained earnings 3,610,652 3,424,929
Total stockholders’ equity 4,748,517 4,977,371
Total liabilities and stockholders’ equity $ 15,073,420 $ 11,479,643