XML 52 R42.htm IDEA: XBRL DOCUMENT v3.24.3
INDEBTEDNESS (Tables)
 9 Months Ended
Sep. 30, 2024
Debt Disclosure [Abstract]  
Net Carrying Amount of Convertible Notes
The following table summarizes the Company's Notes as of September 30, 2024 (in thousands):
Principal OutstandingUnamortized Debt Issuance CostsNet Carrying Value
2026 Senior Notes$1,000,000 $(4,691)$995,309 
2031 Senior Notes1,000,000 (9,383)990,617 
2032 Senior Notes2,000,000 (25,623)1,974,377 
2025 Convertible Notes (i)
1,000,000 (1,273)998,727 
2026 Convertible Notes575,000 (2,707)572,293 
2027 Convertible Notes575,000 (4,134)570,866 
Total$6,150,000 $(47,811)$6,102,189 

(i) Net carrying value disclosed as current portion of long-term debt within total current liabilities on the condensed consolidated balance sheet.

The following table summarizes the Company's Notes as of December 31, 2023 (in thousands):
Principal OutstandingUnamortized Debt Issuance CostsNet Carrying Value
2026 Senior Notes$1,000,000 $(6,792)$993,208 
2031 Senior Notes1,000,000 (10,433)989,567 
2025 Convertible Notes1,000,000 (3,563)996,437 
2026 Convertible Notes575,000 (3,986)571,014 
2027 Convertible Notes575,000 (5,135)569,865 
Total$4,150,000 $(29,909)$4,120,091 
Interest Expense on Convertible Notes
The Company recognized interest expense on the Notes as follows (in thousands):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2024202320242023
Contractual interest expense$48,822 $16,291 $99,550 $49,223 
Amortization of debt issuance costs3,232 2,587 8,717 7,947 
Total$52,054 $18,878 $108,267 $57,170 
Amounts Drawn on Facilities by Year of Maturity
The table below summarizes the future scheduled principal payments of amounts drawn on the Company's Warehouse Facilities (in thousands):
September 30, 2024
2025 (i)
$138,136 
2026649,841 
2027177,788 
Total$965,765 

(i) Future scheduled principal payments in 2025 are disclosed as warehouse funding facilities, current within total current liabilities on the condensed consolidated balance sheet.