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INDEBTEDNESS (Tables)
6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Net Carrying Amount of Convertible Notes
The following tables summarize the Company's Notes as of June 30, 2025 and December 31, 2024 (in thousands):
June 30, 2025
Principal OutstandingUnamortized Debt Issuance CostsNet Carrying Value
2026 Senior Notes (i)
$1,000,000 $(2,591)$997,409 
2031 Senior Notes1,000,000 (8,335)991,665 
2032 Senior Notes2,000,000 (23,643)1,976,357 
2026 Convertible Notes (i)
575,000 (1,430)573,570 
2027 Convertible Notes575,000 (3,135)571,865 
Total$5,150,000 $(39,134)$5,110,866 

December 31, 2024
Principal OutstandingUnamortized Debt Issuance CostsNet Carrying Value
2026 Senior Notes$1,000,000 $(3,983)$996,017 
2031 Senior Notes1,000,000 (9,029)990,971 
2032 Senior Notes2,000,000 (24,974)1,975,026 
2025 Convertible Notes (i)
1,000,000 (503)999,497 
2026 Convertible Notes575,000 (2,277)572,723 
2027 Convertible Notes575,000 (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 condensed consolidated balance sheet.
Schedule of Interest Expense on Convertible Notes
The Company recognized interest expense on the Notes as follows (in thousands):
Three Months Ended
June 30,
Six Months Ended
June 30,
2025202420252024
Contractual interest expense$48,398 $34,598 $96,777 $50,728 
Amortization of debt issuance costs2,481 2,923 5,430 5,485 
Total$50,879 $37,521 $102,207 $56,213 
Schedule of 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):
June 30, 2025
2026 (i)
$333,061 
2027370,863 
Total$703,924 

(i) Includes $120.0 million of future scheduled principal payments in 2026, which are disclosed as warehouse funding facilities, current within total current liabilities on the condensed consolidated balance sheet.