XML 20 R5.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]      
Net revenues $ 2,330,853 $ 1,382,049 $ 774,425
Cost of revenues 1,356,258 827,627 428,444
Gross profit 974,595 554,422 345,981
Operating expenses:      
Research and development 168,846 105,526 55,921
Sales and marketing 215,102 128,974 52,927
General and administrative 140,002 104,090 50,694
Restructuring charges 2,384 0 0
Total operating expenses 526,334 338,590 159,542
Income from operations 448,261 215,832 186,439
Other income (expense), net      
Interest income 13,656 695 2,156
Interest expense (9,438) (45,152) (21,001)
Other (expense) income, net (431) 6,050 (799)
Loss on partial settlement of convertible notes 0 (56,497) (3,037)
Change in fair value of derivatives 0 0 (44,348)
Total other income (expense), net 3,787 (94,904) (67,029)
Income before income taxes 452,048 120,928 119,410
Income tax benefit (provision) (54,686) 24,521 14,585
Net income $ 397,362 $ 145,449 $ 133,995
Net income per share:      
Basic (in USD per share) $ 2.94 $ 1.09 $ 1.07
Diluted (in USD per share) $ 2.77 $ 1.02 $ 0.95
Shares used in per share calculation:      
Basic (in shares) 135,349 134,025 125,561
Diluted (in shares) 144,390 142,878 141,918