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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 473,677 $ 854,078
Short-term investments 583,973 691,781
Accounts receivable, net of allowance of $394 and $153 at December 31, 2022 and December 31, 2021, respectively 23,515 17,850
Prepaid expenses 28,481 35,093
Other current assets 34,754 23,846
Total current assets 1,144,400 1,622,648
Long-term investments 216,233 745,993
Textbook library, net 0 11,241
Property and equipment, net 204,383 169,938
Goodwill 615,093 289,763
Intangible assets, net 78,333 40,566
Right of use assets 18,838 18,062
Deferred tax assets 167,524 1,365
Other assets 20,612 19,670
Total assets 2,465,416 2,919,246
Current liabilities    
Accounts payable 12,367 11,992
Deferred revenue 56,273 35,143
Accrued liabilities 70,234 67,209
Total current liabilities 138,874 114,344
Long-term liabilities    
Convertible senior notes, net 1,188,593 1,678,155
Long-term operating lease liabilities 13,375 12,447
Other long-term liabilities 7,985 7,383
Total long-term liabilities 1,209,953 1,697,985
Total liabilities 1,348,827 1,812,329
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.001 par value – 10,000,000 shares authorized, no shares issued and outstanding at December 31, 2022 and December 31, 2021 0 0
Common stock, $0.001 par value – 400,000,000 shares authorized; 126,473,827 and 136,951,956 shares issued and outstanding at December 31, 2022 and December 31, 2021, respectively 126 137
Additional paid-in capital 1,244,504 1,449,305
Accumulated other comprehensive loss (57,488) (5,334)
Accumulated deficit (70,553) (337,191)
Total stockholders’ equity 1,116,589 1,106,917
Total liabilities and stockholders’ equity $ 2,465,416 $ 2,919,246