v3.25.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 1,046,534 $ 1,780,400
Marketable securities 2,329,745 1,763,680
Accounts receivable, net of allowance 1,348,472 1,278,176
Prepaid expenses and other current assets 182,006 153,587
Total current assets 4,906,757 4,975,843
Property and equipment, net 489,088 410,326
Operating lease right-of-use assets 530,441 516,862
Intangible assets, net 86,363 146,303
Goodwill 1,689,785 1,691,827
Other assets 233,914 226,597
Total assets 7,936,348 7,967,758
Current liabilities    
Accounts payable 173,197 278,961
Operating lease liabilities 24,885 49,321
Accrued expenses and other current liabilities 1,009,254 805,836
Convertible senior notes, net 36,212 0
Total current liabilities 1,243,548 1,134,118
Long-term convertible senior notes, net 3,607,717 3,749,400
Operating lease liabilities, noncurrent 575,082 546,279
Other liabilities 59,240 123,849
Total liabilities 5,485,587 5,553,646
Commitments and contingencies (Note 8)
Stockholders’ equity    
Treasury stock, at cost. 47,222 and 49,200 shares of Class A non-voting common stock at December 31, 2024 and December 31, 2023, respectively. (460,620) (479,903)
Additional paid-in capital 15,644,132 14,613,404
Accumulated deficit (12,735,461) (11,726,536)
Accumulated other comprehensive income (loss) 2,694 7,131
Total stockholders’ equity 2,450,761 2,414,112
Total liabilities and stockholders’ equity 7,936,348 7,967,758
Class A Non-voting Common Stock    
Stockholders’ equity    
Common stock, value 14 14
Class B Voting Common Stock    
Stockholders’ equity    
Common stock, value 0 0
Class C Voting Common Stock    
Stockholders’ equity    
Common stock, value $ 2 $ 2