XML 15 R2.htm IDEA: XBRL DOCUMENT v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 942.2 $ 1,328.3
Short-term investments 237.8 265.9
Trade and other receivables, net 71.6 70.4
Prepaid expenses and other current assets 83.2 73.8
Total current assets 1,334.8 1,738.4
Property and equipment, net 364.6 358.8
Operating lease right-of-use asset 181.4 158.9
Intangible assets, net 48.8 54.9
Goodwill 442.6 442.8
Deferred tax assets 465.2 466.7
Other assets 119.9 104.7
Total assets 2,957.3 3,325.2
Current liabilities:    
Accounts payable 33.6 36.5
Accrued and other current liabilities 148.5 143.2
Accrued compensation and benefits 40.2 105.2
Operating lease liability 44.3 64.9
Finance lease obligation 126.8 123.3
Convertible senior notes, net, current 693.8 0.0
Term loan, net, current 10.0 10.0
Deferred revenue 739.8 727.7
Total current liabilities 1,837.0 1,210.8
Operating lease liability, non-current 274.5 250.4
Finance lease obligation, non-current 209.9 203.5
Convertible senior notes, net, non-current 688.7 1,381.6
Term loan, net, non-current 961.7 962.9
Other non-current liabilities 61.2 68.4
Total liabilities 4,033.0 4,077.6
Commitments and contingencies (Note 9)
Stockholders' deficit:    
Additional paid-in-capital 2,267.0 2,404.2
Accumulated deficit (3,335.7) (3,146.5)
Accumulated other comprehensive loss (7.0) (10.1)
Total stockholders' deficit (1,075.7) (752.4)
Total liabilities and stockholders' deficit $ 2,957.3 $ 3,325.2