CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 517,707	$ 489,468
Marketable securities	1,078,876	374,971
Accounts receivable, net of reserves of $3,522 and $3,469 at December 31, 2024 and 2023, respectively	727,687	724,302
Prepaid expenses and other current assets	253,827	216,114
Total current assets	2,578,097	1,804,855
Marketable securities	275,592	1,431,354
Property and equipment, net	1,995,071	1,825,944
Operating lease right-of-use assets	1,006,738	908,634
Acquired intangible assets, net	727,585	536,143
Goodwill	3,151,077	2,850,470
Deferred income tax assets	483,249	418,297
Other assets	151,376	124,340
Total assets	10,368,785	9,900,037
Current liabilities:
Accounts payable	130,447	146,927
Accrued expenses	370,888	352,181
Deferred revenue	149,222	107,544
Convertible senior notes	1,149,116	0
Operating lease liabilities	259,134	222,944
Other current liabilities	32,516	6,442
Total current liabilities	2,091,323	836,038
Deferred revenue	26,314	23,006
Deferred income tax liabilities	16,066	24,622
Convertible senior notes	2,396,695	3,538,229
Operating lease liabilities	829,660	774,806
Other liabilities	130,370	106,181
Total liabilities	5,490,428	5,302,882
Commitments and contingencies (Note 13)
Stockholders’ equity:
Preferred stock, $0.01 par value; 5,000,000 shares authorized; 700,000 shares designated as Series A Junior Participating Preferred Stock; no shares issued or outstanding	0	0
Common stock, $0.01 par value; 700,000,000 shares authorized; 155,647,988 shares issued and 150,025,096 shares outstanding at December 31, 2024, and 151,232,908 shares issued and outstanding at December 31, 2023	1,556	1,512
Additional paid-in capital	2,618,384	2,222,993
Accumulated other comprehensive loss	(155,993)	(95,330)
Treasury stock, at cost, 5,622,892 shares at December 31, 2024, and no shares at December 31, 2023	(558,488)	0
Retained earnings	2,972,898	2,467,980
Total stockholders’ equity	4,878,357	4,597,155
Total liabilities and stockholders’ equity	$ 10,368,785	$ 9,900,037

Property, plant and equipment consists of tangible assets that are held by an entity for use in the production or supply of goods and services, for rental to others, or for administrative purposes and that are expected to provide economic benefit for more than one year; net of accumulated depreciation. Examples include land, buildings, and production equipment. Capitalized software consists of certain costs incurred in the development of internal-use software, including external direct costs of materials and services and payroll costs of employees devoted to specific software development.

No definition available.