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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 428,446 $ 317,236
Marketable securities 0 94,532
Accounts receivable, less allowance for credit losses of $5,940 and $5,848, respectively 72,486 62,186
Prepaid expenses and other current assets 40,786 29,040
Total current assets 541,718 502,994
Noncurrent assets:    
Property and equipment, net 432,544 305,444
Restricted cash 1,747 1,747
Goodwill 348,674 348,322
Intangible assets, net 117,718 140,151
Operating lease right-of-use assets, net 187,877 155,201
Deferred tax assets 200 1,994
Other assets 8,537 5,114
Total assets 1,639,015 1,460,967
Current liabilities:    
Accounts payable 54,565 3,957
Accrued other expenses 38,156 31,046
Deferred revenue 5,397 5,340
Operating lease liabilities, current 75,785 81,320
Other current liabilities 47,052 70,982
Total current liabilities 220,955 192,645
Noncurrent liabilities:    
Deferred tax liabilities 4,123 3,533
Long-term debt 1,485,366 1,477,798
Operating lease liabilities, non-current 130,431 91,161
Other long-term liabilities 1,095 9,528
Total liabilities 1,841,970 1,774,665
Commitments and Contingencies (Note 10)
Preferred stock ($0.000025 par value per share; 10,000,000 shares authorized; 0 shares issued and outstanding as of December 31, 2024 and 2023) 0 0
Common stock ($0.000025 par value per share; 750,000,000 shares authorized; 92,234,517 and 90,243,442 issued and outstanding as of December 31, 2024 and 2023, respectively) 2 2
Additional paid-in capital 57,282 30,989
Accumulated other comprehensive loss (1,497) (452)
Accumulated deficit (258,742) (344,237)
Total stockholders’ deficit (202,955) (313,698)
Total liabilities and stockholders’ deficit $ 1,639,015 $ 1,460,967