v3.26.1
FINANCIAL STATEMENT DETAILS (Tables)
 12 Months Ended
Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Cash and Cash Equivalents
The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the balance sheet to the total amounts shown in the statement of cash flows:
December 31, 2025December 31, 2024December 31, 2023December 31, 2022
(In thousands)
Cash and cash equivalents$941,311 $1,363,548 $915,376 $1,077,466 
Restricted cash included in other current assets— 7,195 7,119 — 
Restricted cash included in other non-current assets7,861 — — 6,640 
Cash, cash equivalents, and restricted cash included in current assets of discontinued operations37,659 436,401 383,489 341,089 
Restricted cash included in other non-current assets of discontinued operations— 111 257 874 
Total cash and cash equivalents and restricted cash as shown on the statement of cash flows$986,831 $1,807,255 $1,306,241 $1,426,069 
Schedule of Restricted Cash
The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the balance sheet to the total amounts shown in the statement of cash flows:
December 31, 2025December 31, 2024December 31, 2023December 31, 2022
(In thousands)
Cash and cash equivalents$941,311 $1,363,548 $915,376 $1,077,466 
Restricted cash included in other current assets— 7,195 7,119 — 
Restricted cash included in other non-current assets7,861 — — 6,640 
Cash, cash equivalents, and restricted cash included in current assets of discontinued operations37,659 436,401 383,489 341,089 
Restricted cash included in other non-current assets of discontinued operations— 111 257 874 
Total cash and cash equivalents and restricted cash as shown on the statement of cash flows$986,831 $1,807,255 $1,306,241 $1,426,069 
Schedule of Changes in the Allowance for Credit Losses
The following table presents the changes in the allowance for credit losses:
Year Ended December 31,
20252024
(In thousands)
Balance at January 1$6,677 $6,398 
Current period provision for credit losses7,486 4,687 
Write-offs charged against the allowance(5,546)(4,612)
Recoveries collected90 46 
Other— 158 
Balance at December 31$8,707 $6,677 
Schedule of Other Current Assets
December 31,
20252024
(In thousands)
Prepaid expenses$24,946 $28,089 
Other72,967 77,530 
Other current assets$97,913 $105,619 
Schedule of Property and Equipment, Net
Asset CategoryEstimated
Useful Lives
Buildings
5 to 39 Years
Equipment (including furniture)
3 to 12 Years
Leasehold improvements
4 to 11 Years
Capitalized software
2 to 3 Years
    
December 31,
20252024
(In thousands)
Buildings$165,948 $165,700 
Equipment (including furniture)110,967 122,614 
Leasehold improvements75,290 77,915 
Capitalized software29,003 21,671 
Land86,045 86,045 
Projects in progress6,745 5,839 
Total gross carrying amount473,998 479,784 
Accumulated depreciation and amortization(189,604)(169,600)
Buildings, land, equipment, leasehold improvements and capitalized software, net$284,394 $310,184 
Schedule of Accrued Expenses and Other Current Liabilities
December 31,
20252024
(In thousands)
Accrued employee compensation and benefits$120,494 $134,093 
Customer deposit liability107,608 118,464 
Other163,266 169,752 
Accrued expenses and other current liabilities$391,368 $422,309 
Schedule of Other (Expense) Income, Net
Year Ended December 31,
202520242023
(In thousands)
Interest income$46,203 $66,413 $53,601 
Loss related to the allocation of a disputed gain on a real estate transaction(a)
(19,189)— — 
Net (downward) upward adjustments to the carrying value of equity securities without readily determinable fair values and net gains (losses) on sales of investments and businesses (including unrealized losses on investments)(b)(c)
(17,675)10,373 (17,988)
People Inc. Credit Agreement amendment costs(d)
(573)(3,453)— 
Increase in the estimated fair value of a warrant— 20,393 2,832 
Other7,370 4,501 7,780 
Other income, net$16,136 $98,227 $46,225 
_____________________
(b)    See “Note 15—Contingencies” for additional information.
(b)     Includes downward and upward adjustments to the carrying value of equity securities without readily determinable fair values. For the years ended December 31, 2025, 2024 and 2023, the Company recorded net downward adjustments of $29.2 million, $32.3 million and $20.2 million, respectively.
(c)    The year ended December 31, 2024, includes a pre-tax gain of $29.2 million on the sale of assets of Mosaic Group, which was included within Emerging & Other, and was accounted for as a sale of a business.
(d)     The year ended December 31, 2025 amount represents third-party fees incurred in connection with Amendment No.2, the Indenture and Amendment No. 3, and the year ended December 31, 2024 amount represents third-party fees incurred in connection with Amendment No.1. See “Note 6—Long-term debt” for additional information.
Schedule of Cash Flow, Supplemental Disclosures
A summary of income taxes paid, net of refunds, is as follows:
Year Ended December 31,
202520242023
(In thousands)
Federal$3,178 $100 $93 
State1,736 2,788 6,924 
Foreign 4,773 6,924 2,484 
Total$9,687 $9,812 $9,501 
Income taxes paid, net of refunds, exceeded five percent of total income taxes paid, net of refunds, in the following jurisdictions:
Year Ended December 31,
202520242023
(In thousands)
Federal$3,178 **
State:
California$(618)*$654 
Illinois**$1,262 
New York**$960 
Pennsylvania$501 *$622 
Tennessee*$810 *
Texas$831 $724 *
Foreign:
Austria$3,044 $5,070 *
Germany$1 **
India$674 $795 $648 
* Jurisdiction below the threshold for the period presented.
Year Ended December 31,
202520242023
(In thousands)
Cash paid during the year for interest, net(f)
$115,584 $131,235 $136,797 
(f)     The years ended December 31, 2025, 2024 and 2023 include receipts of $1.7 million, $5.0 million and $3.2 million, respectively, related to the Interest Rate Swaps.