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v3.25.1

SEGMENT REPORTING (Tables) | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Consolidated segment income and expenses | The following table presents revenue, significant expenses and net income for the three months ended March 31, 2025 and March 31, 2024:
|  |  | Three Months Ended
|  |  |  |  | March 31, 2025 |  | March 31, 2024
|  |  |  |  | (In thousands)
Revenue |  |  |  |  | $ | 1,242,366 |  |  | $ | 1,009,103 |
Costs and Expenses: |  |  |  |  |  |  |
Salary, benefits and other employee-related costs |  |  |  |  | 542,655 |  |  | 475,886 |
Stock based compensation |  |  |  |  | 107,613 |  |  | 88,129 |
Manufacturing costs |  |  |  |  | 81,666 |  |  | 56,661 |
Facilities and other infrastructure costs |  |  |  |  | 43,836 |  |  | 41,654 |
Depreciation and amortization |  |  |  |  | 52,916 |  |  | 39,556 |
Professional services |  |  |  |  | 32,461 |  |  | 38,917 |
Restructuring |  |  |  |  | (109) |  |  | 280 |
Other segment items(1) |  |  |  |  | 22,740 |  |  | (41,203) |
Interest income |  |  |  |  | (26,222) |  |  | (9,512) |
Interest expense |  |  |  |  | 29,118 |  |  | 8,692 |
Provision for income taxes |  |  |  |  | 82,113 |  |  | 62,400 |
Net income |  |  |  |  | $ | 273,579 |  |  | $ | 247,643 |
_____________ (1) Other segment items include direct costs for advertising, marketing events, travel, entertainment, bad debt and other operating expense categories that are not considered significant individually. It also includes non-operating expenses such as gains and losses on investments, foreign currency and other non-operating expenses that are not considered significant individually.
Summary of revenue by geography | The following table presents a summary of revenue by geography for the three months ended March 31, 2025 and March 31, 2024:
|  |  | Three Months Ended
|  |  |  |  | March 31, 2025 |  | March 31, 2024
|  |  |  |  | (In thousands)
Americas: |  |  |  |  |  |  |
United States |  |  |  |  | $ | 568,967 |  |  | $ | 435,523 |
Other Americas |  |  |  |  | 29,612 |  |  | 27,347 |
Total Americas |  |  |  |  | 598,579 |  |  | 462,870 |
Asia: |  |  |  |  |  |  |
China |  |  |  |  | 139,381 |  |  | 117,229 |
Other Asia |  |  |  |  | 240,512 |  |  | 208,531 |
Total Asia |  |  |  |  | 379,893 |  |  | 325,760 |
Europe, Middle East and Africa (“EMEA”) |  |  |  |  | 195,743 |  |  | 169,056 |
Japan |  |  |  |  | 68,151 |  |  | 51,417 |
Total |  |  |  |  | $ | 1,242,366 |  |  | $ | 1,009,103 |
Summary of long-lived assets by geography | The following table presents a summary of long-lived assets by geography as of March 31, 2025 and December 31, 2024:
| As of
| March 31, 2025 |  | December 31, 2024
| (In thousands)
Americas: |  |  |
United States | $ | 422,658 |  |  | $ | 412,339 |
Other Americas | 10,242 |  |  | 7,437 |
Total Americas | 432,900 |  |  | 419,776 |
Asia: |  |  |
China | 20,011 |  |  | 22,929 |
Other Asia | 91,734 |  |  | 83,951 |
Total Asia | 111,745 |  |  | 106,880 |
EMEA | 72,784 |  |  | 73,551 |
Japan | 3,905 |  |  | 4,183 |
Total | $ | 621,334 |  |  | $ | 604,390 |

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