XML 76 R49.htm IDEA: XBRL DOCUMENT
v3.25.0.1

INDEBTEDNESS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Debt Disclosure [Abstract] |
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):
| December 31, 2024
2025 (i) | $ | 185,000 |
2026 | 533,609 |
2027 | 763,071 |
Total | $ | 1,481,680 |
(i) Future scheduled principal payments in 2025 are disclosed as warehouse funding facilities, current portion within total current liabilities on the consolidated balance sheet.
Net Carrying Amount of Convertible Notes | The following table summarizes the Company's Notes as of December 31, 2024 (in thousands):
| Principal Outstanding |  | Unamortized Debt Issuance Costs |  | Net Carrying Value
2026 Senior Notes | $ | 1,000,000 |  |  | $ | (3,983) |  |  | $ | 996,017 |
2031 Senior Notes | 1,000,000 |  |  | (9,029) |  |  | 990,971 |
2032 Senior Notes | 2,000,000 |  |  | (24,974) |  |  | 1,975,026 |
2025 Convertible Notes (i) | 1,000,000 |  |  | (503) |  |  | 999,497 |
2026 Convertible Notes | 575,000 |  |  | (2,277) |  |  | 572,723 |
2027 Convertible Notes | 575,000 |  |  | (3,798) |  |  | 571,202 |
Total | $ | 6,150,000 |  |  | $ | (44,564) |  |  | $ | 6,105,436 |
(i) Net carrying value disclosed as current portion of long-term debt within total current liabilities on the consolidated balance sheet. The following table summarizes the Company's Notes as of December 31, 2023 (in thousands):
| Principal Outstanding |  | Unamortized Debt Issuance Costs |  | Net Carrying Value
2031 Senior Notes | $ | 1,000,000 |  |  | $ | (10,433) |  |  | $ | 989,567 |
2026 Senior Notes | 1,000,000 |  |  | (6,792) |  |  | 993,208 |
2027 Convertible Notes | 575,000 |  |  | (5,135) |  |  | 569,865 |
2026 Convertible Notes | 575,000 |  |  | (3,986) |  |  | 571,014 |
2025 Convertible Notes | 1,000,000 |  |  | (3,563) |  |  | 996,437 |
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):
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Contractual interest expense | $ | 148,425 |  |  | $ | 65,566 |  |  | $ | 66,910 |
Amortization of debt issuance costs | 11,964 |  |  | 10,538 |  |  | 10,979 |
Total | $ | 160,389 |  |  | $ | 76,104 |  |  | $ | 77,889 |

X
- Definition Tabular disclosure of convertible debt instrument. Includes, but is not limited to, principal amount and amortized premium or discount. + References No definition available. + Details
Name: | us-gaap_ConvertibleDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of interest income and expense, including, but not limited to, interest income and expense from investments, loans, and securities. + References No definition available. + Details
Name: | us-gaap_InterestIncomeAndInterestExpenseDisclosureTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-1 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration