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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 927,933 $ 517,707
Marketable securities 190,807 1,078,876
Accounts receivable, net of reserves of $5,769 and $3,522 at September 30, 2025, and December 31, 2024, respectively 765,891 727,687
Prepaid expenses and other current assets 282,607 253,827
Total current assets 2,167,238 2,578,097
Marketable securities 694,000 275,592
Property and equipment, net 2,317,804 1,995,071
Operating lease right-of-use assets 1,021,166 1,006,738
Acquired intangible assets, net 647,480 727,585
Goodwill 3,170,123 3,151,077
Deferred income tax assets 619,367 483,249
Other assets 196,095 151,376
Total assets 10,833,273 10,368,785
Current liabilities:    
Accounts payable 189,967 130,447
Accrued expenses 308,160 370,888
Deferred revenue 162,448 149,222
Convertible senior notes 0 1,149,116
Operating lease liabilities 281,347 259,134
Other current liabilities 8,394 32,516
Total current liabilities 950,316 2,091,323
Deferred revenue 22,981 26,314
Deferred income tax liabilities 27,154 16,066
Convertible senior notes 4,103,106 2,396,695
Operating lease liabilities 846,619 829,660
Other liabilities 151,153 130,370
Total liabilities 6,101,329 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; 159,113,000 shares issued and 143,767,463 shares outstanding at September 30, 2025, and 155,647,988 shares issued and 150,025,096 outstanding at December 31, 2024 1,591 1,556
Additional paid-in capital 2,819,050 2,618,384
Accumulated other comprehensive loss (93,318) (155,993)
Treasury stock, at cost, 15,345,537 shares at September 30, 2025, and 5,622,892 shares at December 31, 2024 (1,335,236) (558,488)
Retained earnings 3,339,857 2,972,898
Total stockholders’ equity 4,731,944 4,878,357
Total liabilities and stockholders’ equity $ 10,833,273 $ 10,368,785