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Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2025
Investments, Debt and Equity Securities [Abstract]  
Schedule of Cash, Cash Equivalents, and Restricted Cash Measured at Fair Value on a Recurring Basis
The following table summarizes, by major security type, our cash, cash equivalents, and restricted cash that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy (in thousands):
March 31, 2025December 31, 2024
Fair Value (1)
Cash$932,674 $995,802 
Level 1:
Restricted cash and cash equivalents:
Restricted cash$10,464 $10,209 
Money market funds362,768 327,333 
Time deposits245,728 194,537 
Total restricted cash and cash equivalents$618,960 $532,079 
Total cash, cash equivalents, and restricted cash$1,551,634 $1,527,881 
(1)    Due to the highly liquid nature of our investments, amortized cost approximates fair value.