XML 49 R39.htm IDEA: XBRL DOCUMENT v3.25.1
OTHER CONSOLIDATED BALANCE SHEET COMPONENTS (NON-CURRENT) (Tables)
 3 Months Ended
Mar. 31, 2025
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):
  March 31, 2025December 31, 2024
Bitcoin investment (i)
$708,450 $792,282 
Property and equipment, net311,333 314,432 
Investments in long-term debt securities273,614 471,977 
Investment in non-marketable equity securities (ii)
243,058 245,557 
Operating lease right-of-use assets209,980 219,954 
Restricted cash69,838 69,915 
Other205,800 131,794 
Total$2,022,073 $2,245,911 

(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.
Summary of Non-Marketable Equity Securities
The adjustments to the carrying value of the Company's non-marketable equity securities measured using the measurement alternative were as follows (in thousands):
Three Months Ended
March 31,
20252024
Carrying amount, beginning of period$245,557 $205,268 
Net additions (reductions)(2,499)4,000 
Gross unrealized gains— 334 
Gross unrealized losses and impairments— (98)
Carrying amount, end of period$243,058 $209,504 

The following table summarizes the cumulative net unrealized upward and downward adjustments related to the Company's non-marketable equity securities measured using the measurement alternative (in thousands):
Three Months Ended
March 31,
20252024
Upward adjustments$155,329 $115,521 
Downward adjustments (including impairment)$(2,061)$(2,476)
Other Non-Current Liabilities
The following table presents the detail of other non-current liabilities (in thousands):
  March 31, 2025December 31, 2024
Operating lease liabilities, non-current$265,556 $278,617 
Deferred tax liabilities162,718 162,435 
Other118,124 152,164 
Total$546,398 $593,216