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ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES
 9 Months Ended
Sep. 30, 2022
Payables and Accruals [Abstract]  
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES
Accrued expenses and other current liabilities consisted of the following (in thousands):
September 30,December 31,
20222021
Accrued expenses$120,769 $195,810 
Accrued payroll and payroll related104,543 146,313 
Income taxes payable8,495 4,553 
Short-term borrowings512 20,060 
Other payables(1)
63,782 72,823 
Total accrued expenses and other current liabilities$298,101 $439,559 
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(1)Includes other payables denominated in crypto assets of $13.1 million as of September 30, 2022 and an immaterial amount as of December 31, 2021. See Note 12. Derivatives for additional details.
Short-term borrowings include borrowings with open terms or amounts payable within the next 12 months or sooner at the option of the Company or the lender. The weighted average interest rate on these borrowings were 4.25% and 5.00% per annum as of September 30, 2022 and December 31, 2021, respectively. During the nine months ended September 30, 2022, the Company repaid an aggregate of $170.0 million of short-term borrowings, including borrowings which were secured by Bitcoin with a value equal to 200% of the outstanding principal.