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2. Cash, Cash Equivalents and Marketable Securities (Tables)

9 Months Ended

Sep. 30, 2024

Cash, Cash Equivalents, and Short-Term Investments [Abstract]

Schedule of Cash, Cash Equivalents, and Marketable Securities

Cash, cash equivalents, and marketable securities consisted of the following at September 30, 2024 and December 31, 2023 (in thousands):


	September 30, 2024		December 31, 2023
Cash and cash equivalents:
Cash	$	602,749	$	841,310
Money market funds	402,381		1,105,684
Total cash and cash equivalents	1,005,130		1,946,994
Marketable securities:
Foreign debt	—		34,895
U.S. debt	8,822		44,089
Time deposits	255,869		76,511
Total marketable securities	264,691		155,495
Total cash, cash equivalents, and marketable securities	$	1,269,821	$	2,102,489

Reconciliation of Cash, Cash Equivalents, and Restricted Cash

The following table provides a reconciliation of cash, cash equivalents, restricted cash, and restricted cash equivalents reported within our condensed consolidated balance sheets as of September 30, 2024 and December 31, 2023 to the total of such amounts as presented in the condensed consolidated statements of cash flows (in thousands):


	Balance Sheet Line Item	September 30, 2024		December 31, 2023
Cash and cash equivalents	Cash and cash equivalents	$	1,005,130	$	1,946,994
Restricted cash – current	Other current assets	8,262		8,262
Restricted cash – noncurrent	Other assets	3,612		3,621
Restricted cash equivalents – noncurrent	Other assets	4,463		6,192
Total cash, cash equivalents, restricted cash, and restricted cash equivalents		$	1,021,467	$	1,965,069

Available-for-sale Marketable Securities

The following tables summarize the unrealized gains and losses related to our available-for-sale marketable securities, by major security type, as of September 30, 2024 and December 31, 2023 (in thousands):


	As of September 30, 2024
	Amortized Cost		Unrealized Gains		Unrealized Losses		Allowance for Credit Losses		Fair Value
U.S. debt	$	10,000	$	—	$	1,178	$	—	$	8,822
Time deposits	255,869		—		—		—		255,869
Total	$	265,869	$	—	$	1,178	$	—	$	264,691


	As of December 31, 2023
	Amortized Cost		Unrealized Gains		Unrealized Losses		Allowance for Credit Losses		Fair Value
Foreign debt	$	35,000	$	—	$	91	$	14	$	34,895
U.S. debt	45,625		88		1,614		10		44,089
Time deposits	76,533		—		—		22		76,511
Total	$	157,158	$	88	$	1,705	$	46	$	155,495

Available-for-sale Marketable Securities by Maturity

The contractual maturities of our marketable securities as of September 30, 2024 were as follows (in thousands):


	Fair Value
Within one year	$	255,869
After one year through five years	4,731
After five years through ten years	4,091
Total	$	264,691