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Financial Statement Components (Tables) | 6 Months Ended
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Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Components of Cash and Cash Equivalents | Cash and cash equivalents consisted of the following (in thousands):
| June 30, 2024 |  | December 31, 2023
Cash | $ | 87,600 |  |  | $ | 113,733 |
Money market funds | 111,728 |  |  | 108,462 |
Total cash and cash equivalents | $ | 199,328 |  |  | $ | 222,195 |
Schedule of Components of Accounts Receivable, Net | Accounts receivable, net consisted of the following (in thousands):
| June 30, 2024 |  | December 31, 2023
Accounts receivable | $ | 280,553 |  |  | $ | 280,544 |
Unbilled accounts receivable | 104,597 |  |  | 96,366 |
Allowance for doubtful accounts | (15,155) |  |  | (12,472) |
Accounts receivable, net | $ | 369,995 |  |  | $ | 364,438 |
Schedule of Components of Prepaid Expenses and Other Current Assets | Prepaid expenses and other current assets consisted of the following (in thousands):
| June 30, 2024 |  | December 31, 2023
Prepaid expenses | $ | 40,408 |  |  | $ | 32,440 |
Inventory | 1,908 |  |  | 1,492 |
Other current assets | 29,842 |  |  | 43,464 |
Total prepaid expenses and other current assets | $ | 72,158 |  |  | $ | 77,396 |
Schedule of Components of Property and Equipment, Net | Property and equipment, net consisted of the following (in thousands):
| June 30, 2024 |  | December 31, 2023
Computer hardware and software | $ | 245,287 |  |  | $ | 238,802 |
Internal-use software development costs | 285,447 |  |  | 255,649 |
Furniture and fixtures | 9,732 |  |  | 8,964 |
Leasehold improvements | 14,278 |  |  | 14,369 |
Total property and equipment, gross | 554,744 |  |  | 517,784 |
Less: accumulated depreciation and amortization | (372,429) |  |  | (333,394) |
Property and equipment, net | $ | 182,315 |  |  | $ | 184,390 |
Schedule of Goodwill | A summary of activity of the Company’s carrying value of goodwill during the six months ended June 30, 2024 is presented in the following table (in thousands):
Balance as of December 31, 2023 | $ | 67,370 |
Acquisitions (Note 8) | 7,662 |
Foreign currency translation adjustments | (618) |
Balance as of June 30, 2024 | $ | 74,414 |
Schedule of Carrying Values of Intangible Assets | The carrying values of intangible assets are as follows (in thousands):
|  |  | June 30, 2024 |  | December 31, 2023
| Weighted-Average Remaining Useful Life |  | Cost |  | Accumulated Amortization |  | Acquired Intangibles, Net |  | Cost |  | Accumulated Amortization |  | Acquired Intangibles, Net
Customer relationships | 4.5 years |  | $ | 51,550 |  |  | $ | 22,641 |  |  | $ | 28,909 |  |  | $ | 26,506 |  |  | $ | 21,834 |  |  | $ | 4,672 |
Developed technology | 2.3 years |  | 777,396 |  |  | 483,365 |  |  | 294,031 |  |  | 826,077 |  |  | 436,982 |  |  | 389,095 |
Total acquired intangible assets |  |  | $ | 828,946 |  |  | $ | 506,006 |  |  | $ | 322,940 |  |  | $ | 852,583 |  |  | $ | 458,816 |  |  | $ | 393,767 |
Schedule of Estimated Amortization Expense for Acquired Intangible Assets | Estimated amortization expense for acquired intangible assets for the following fiscal years is as follows (in thousands):
2024 (remaining) | $ | 66,730 |
2025 | 132,793 |
2026 | 110,502 |
2027 | 5,147 |
2028 onwards | 7,768 |
Total estimated amortization expense | $ | 322,940 |
Schedule of Components of Accrued Liabilities | Accrued liabilities consisted of the following (in thousands):
| June 30, 2024 |  | December 31, 2023
Accrued compensation and benefits | $ | 48,697 |  |  | $ | 63,009 |
Accrued sales, use, and telecom related taxes | 46,915 |  |  | 43,796 |
Accrued marketing and sales commissions | 33,555 |  |  | 60,528 |
Operating lease liabilities, short-term | 17,656 |  |  | 16,707 |
Other accrued expenses | 132,534 |  |  | 141,592 |
Total accrued liabilities | $ | 279,357 |  |  | $ | 325,632 |

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