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OTHER CONSOLIDATED BALANCE SHEET COMPONENTS (NON-CURRENT) (Tables)
6 Months Ended
Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Other Non-Current Assets
The following table presents the detail of other non-current assets (in thousands):
  June 30, 2025December 31, 2024
Bitcoin investment (i)
$931,656 $792,282 
Property and equipment, net311,112 314,432 
Investment in non-marketable equity securities (ii)
246,558 245,557 
Operating lease right-of-use assets202,310 219,954 
Investments in long-term debt securities196,572 471,977 
Restricted cash75,013 69,915 
Other208,152 131,794 
Total$2,171,373 $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.
Schedule 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
June 30,
Six Months Ended
June 30,
2025202420252024
Carrying amount, beginning of period$243,058 $209,504 $245,557 $205,268 
Net additions (reductions)3,500 — 1,001 4,000 
Gross unrealized gains— 3,811 — 4,145 
Gross unrealized losses and impairments— — — (98)
Carrying amount, end of period$246,558 $213,315 $246,558 $213,315 
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):
  June 30, 2025December 31, 2024
Upward adjustments$155,329 $155,329 
Downward adjustments (including impairment)$(2,061)$(2,061)
Schedule of Other Non-Current Liabilities
The following table presents the detail of other non-current liabilities (in thousands):
  June 30, 2025December 31, 2024
Operating lease liabilities, non-current$255,703 $278,617 
Deferred tax liabilities162,754 162,435 
Other121,917 152,164 
Total$540,374 $593,216