v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 1,030,435 $ 1,046,534
Marketable securities 1,910,137 2,329,745
Accounts receivable, net of allowance 1,372,237 1,348,472
Prepaid expenses and other current assets 272,065 182,006
Total current assets 4,584,874 4,906,757
Property and equipment, net 578,075 489,088
Operating lease right-of-use assets 506,216 530,441
Intangible assets, net 66,613 86,363
Goodwill 1,720,769 1,689,785
Other assets 221,255 233,914
Total assets 7,677,802 7,936,348
Current liabilities    
Accounts payable 219,793 173,197
Operating lease liabilities 48,479 24,885
Accrued expenses and other current liabilities 971,627 1,009,254
Short-term debt, net 46,969 36,212
Total current liabilities 1,286,868 1,243,548
Long-term debt, net 3,489,860 3,607,717
Operating lease liabilities, noncurrent 557,823 575,082
Other liabilities 61,756 59,240
Total liabilities 5,396,307 5,485,587
Commitments and contingencies (Note 8)
Equity, Attributable to Parent [Abstract]    
Treasury stock, at cost. 44,670 and 47,222 shares of Class A non-voting common stock as of December 31, 2025 and December 31, 2024, respectively. (435,722) (460,620)
Additional paid-in capital 16,637,324 15,644,132
Accumulated deficit (13,946,816) (12,735,461)
Accumulated other comprehensive income (loss) 26,692 2,694
Total stockholders’ equity 2,281,495 2,450,761
Total liabilities and stockholders’ equity 7,677,802 7,936,348
Class A Non-voting Common Stock    
Equity, Attributable to Parent [Abstract]    
Common stock, value 15 14
Class B Voting Common Stock    
Equity, Attributable to Parent [Abstract]    
Common stock, value 0 0
Class C Voting Common Stock    
Equity, Attributable to Parent [Abstract]    
Common stock, value $ 2 $ 2