Other Balance Sheet Components

3 Months Ended

Mar. 31, 2023

Other Balance Sheet Components [Abstract]

Other Balance Sheet Components

8. Other Balance Sheet Components

Prepaid expenses and other current assets

Prepaid expenses and other current assets consisted of the following (in thousands):

	As of
	March 31, 2023		December 31, 2022
Prepaid expenses	$	48,054	$	45,173
Accrued interest receivable	8,751		6,026
Other current assets	19,502		10,442
Total prepaid expenses and other current assets	$	76,307	$	61,641

Property and equipment, net

Property and equipment, net, consisted of the following (in thousands):

	As of
	March 31, 2023		December 31, 2022
Servers and related equipment and software	$	861,377	$	741,418
Computer hardware and software	34,931		23,647
Furniture and fixtures	476		446
Leasehold improvements	87,251		69,311
Construction in progress	12,727		24,306
Total property and equipment	996,762		859,128
Less accumulated depreciation and amortization	(308,421)		(266,782)
Property and equipment—net	$	688,341	$	592,346

Construction in progress primarily relates to leasehold improvements for the Company’s leased office buildings and network equipment infrastructure to support the Company’s data centers.

Depreciation and amortization expense of property and equipment was $42.9 million for the three months ended March 31, 2023 and was $20.7 million and for the three months ended March 31, 2022.

Accrued expenses and other current liabilities

Accrued expenses and other current liabilities consisted of the following (in thousands):

	As of
	March 31, 2023		December 31, 2022
Accrued operating expenses	$	87,972	$	80,122
Short term operating lease liabilities	81,282		73,235
Accrued interest on the 2030 Notes	16,146		6,458
Taxes payable	47,479		49,361
Accrued compensation and other employee related liabilities	5,197		21,003
Other current liability	9,873		5,827
Total accrued expenses and other current liabilities	$	247,949	$	236,006