Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2020

Fair Value Disclosures [Abstract]

Schedules of concentration of risk

The maximum exposure to credit risk at the end of each reported period is represented by the carrying amount of financial assets and summarized in the following table:

	December 31, 2019		June 30, 2020
	(in thousands)
Trade receivables, net of allowance	481,732		329,979
Other taxes	60,924		54,008
Other current assets	17,225		17,306
Non-current financial assets	21,747		19,809
Marketable Securities	—		22,396
Total	$	581,628	$	443,498

Schedule of financial liabilities

	December 31, 2019		June 30, 2020
	(in thousands)
Trade payables	$	390,277	$	280,626
Other taxes	50,099		44,085
Employee-related payables	74,781		61,963
Other current liabilities	35,886		38,982
Financial liabilities	4,405		159,425
Total	$	555,448	$	585,081

Schedule of derivative financial instruments

	December 31, 2019		June 30, 2020
	(in thousands)
Derivative Assets:
Included in other current assets	$	—	$	389
Derivative Liabilities:
Included in financial liabilities - current portion	$	1,284	$	—

Schedule of assets and liabilities carried at fair value

	December 31, 2019		June 30, 2020
	(in thousands)
Cash equivalents	$	189,119	$	174,005
Cash on hand	229,644		404,176
Total cash and cash equivalents	$	418,763	$	578,181

The following table presents for each reporting period, the breakdown of the fair value of marketable securities:

	December 31, 2019		June 30, 2020
	(in thousands)
Term Deposits	$	—	$	22,396
Marketable Securities	—		$	22,396

Debt Securities, Available-for-sale

The following table classifies our marketable securities by contractual maturities:

	June 30, 2020
	(in thousands)
Due in one year	$	—
Due in one to five years	$	22,396
Total	$	22,396