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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 850,302 $ 517,707
Marketable securities 116,322 1,078,876
Accounts receivable, net of reserves of $5,181 and $3,522 at June 30, 2025, and December 31, 2024, respectively 779,165 727,687
Prepaid expenses and other current assets 288,038 253,827
Total current assets 2,033,827 2,578,097
Marketable securities 591,249 275,592
Property and equipment, net 2,213,629 1,995,071
Operating lease right-of-use assets 1,063,348 1,006,738
Acquired intangible assets, net 675,217 727,585
Goodwill 3,170,024 3,151,077
Deferred income tax assets 597,015 483,249
Other assets 191,826 151,376
Total assets 10,536,135 10,368,785
Current liabilities:    
Accounts payable 146,617 130,447
Accrued expenses 272,144 370,888
Deferred revenue 179,761 149,222
Convertible senior notes 0 1,149,116
Operating lease liabilities 271,500 259,134
Other current liabilities 10,497 32,516
Total current liabilities 880,519 2,091,323
Deferred revenue 25,301 26,314
Deferred income tax liabilities 23,378 16,066
Convertible senior notes 4,100,977 2,396,695
Operating lease liabilities 898,638 829,660
Other liabilities 139,814 130,370
Total liabilities 6,068,627 5,490,428
Commitments and contingencies
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; 158,633,640 shares issued and 143,199,911 shares outstanding at June 30, 2025, and 155,647,988 shares issued and 150,025,096 outstanding at December 31, 2024 1,586 1,556
Additional paid-in capital 2,696,975 2,618,384
Accumulated other comprehensive loss (87,417) (155,993)
Treasury stock, at cost, 10,028,703 shares at June 30, 2025, and 5,622,892 shares at December 31, 2024 (1,343,323) (558,488)
Retained earnings 3,199,687 2,972,898
Total stockholders’ equity 4,467,508 4,878,357
Total liabilities and stockholders’ equity $ 10,536,135 $ 10,368,785