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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 426,344 $ 130,876
Short-term investments, net of allowance for credit losses of $13 and $0 as of June 30, 2020 and December 31, 2019, respectively 128,974 124,112
Accounts receivable, net of allowance for credit losses of $6,853 and $3,920 as of June 30, 2020 and December 31, 2019, respectively 869,064 1,166,376
Prepaid expenses and other current assets 67,437 27,857
TOTAL CURRENT ASSETS 1,491,819 1,449,221
Property and equipment, net 96,075 64,012
Operating lease assets 203,914 173,449
Deferred income taxes 30,648 18,950
Other assets, non-current 26,515 23,129
TOTAL ASSETS 1,848,971 1,728,761
Current liabilities:    
Accounts payable 656,168 868,618
Accrued expenses and other current liabilities 43,147 47,178
Operating lease liabilities 31,385 14,577
TOTAL CURRENT LIABILITIES 730,700 930,373
Operating lease liabilities, non-current 205,556 174,873
Debt, net 142,000  
Other liabilities, non-current 12,364 10,998
TOTAL LIABILITIES 1,090,620 1,116,244
Commitments and contingencies (Note 10)
STOCKHOLDERS’ EQUITY    
Preferred stock, par value $0.000001; 100,000 shares authorized, zero shares issued and outstanding as of June 30, 2020 and December 31, 2019
Common stock, par value $0.000001 Class A, 1,000,000 shares authorized; 41,713 and 40,305 shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively Class B, 95,000 shares authorized; 5,016 and 5,171 shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively 0 0
Additional paid-in capital 476,859 380,079
Accumulated other comprehensive income 274  
Retained earnings 281,218 232,438
TOTAL STOCKHOLDERS’ EQUITY 758,351 612,517
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,848,971 $ 1,728,761