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OTHER CONSOLIDATED BALANCE SHEET COMPONENTS (NON-CURRENT) (Tables)
 9 Months Ended
Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Other Non-Current Assets
The following table presents the detail of other non-current assets (in thousands):
  September 30, 2024December 31, 2023
Bitcoin investment (i)
$529,581 $339,898 
Investments in long-term debt securities432,176 251,127 
Property and equipment, net323,310 296,056 
Operating lease right-of-use assets226,204 244,701 
Investment in non-marketable equity securities (ii)
211,565 205,268 
Restricted cash69,915 71,812 
Other131,728 122,508 
Total$1,924,479 $1,531,370 

(i) Refer to Note 11, Bitcoin for further details.

(ii) Investment in non-marketable equity securities represents the Company's investments in equity of non-public entities. These investments are measured using the measurement alternative and are therefore carried at cost, less impairment, adjusted for observable price changes from orderly transactions for identical or similar investments of the same issuer. Adjustments are recorded within other expense (income), net on the condensed consolidated statements of operations. Unrealized gains and losses were immaterial during the three and nine months ended September 30, 2024 and 2023.

The following table summarizes the total carrying value of the Company's non-marketable equity securities measured using the measurement alternative, including our cumulative unrealized upward and downward adjustments made to the initial cost basis of the securities (in thousands):
  September 30, 2024December 31, 2023
Initial cost basis$97,076 $92,788 
Upward adjustments119,276 115,187 
Downward adjustments (including impairment)(4,787)(2,707)
Total carrying value$211,565 $205,268 
Other Non-Current Liabilities
The following table presents the detail of other non-current liabilities (in thousands):
  September 30, 2024December 31, 2023
Operating lease liabilities, non-current$287,712 $289,788 
Deferred tax liabilities40,928 35,695 
Other146,447 154,972 
Total$475,087 $480,455