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Consolidated Balance Sheets (unaudited) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 1,086.7 $ 1,089.0
Accounts and other receivables 113.8 91.1
Registry deposits 44.5 34.5
Prepaid domain name registry fees 522.0 492.0
Prepaid expenses and other current assets 156.4 245.2
Total current assets 1,923.4 1,951.8
Property and equipment, net 148.5 156.4
Operating lease assets 48.6 49.4
Prepaid domain name registry fees, net of current portion 239.8 224.8
Goodwill 3,644.0 3,518.9
Intangible assets, net 1,022.2 1,055.8
Deferred tax assets 1,155.3 1,181.5
Other assets 92.1 96.8
Total assets 8,273.9 8,235.4
Current liabilities:    
Accounts payable 82.7 81.6
Accrued expenses and other current liabilities 519.3 378.6
Deferred revenue 2,399.7 2,222.3
Long-term debt, current portion 15.7 15.9
Total current liabilities 3,017.4 2,698.4
Deferred revenue, net of current portion 937.8 883.2
Long-term debt, net of current portion 3,772.4 3,779.1
Operating lease liabilities, net of current portion 69.5 76.7
Other long-term liabilities 57.8 85.7
Deferred tax liabilities 14.6 20.2
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.001 par value - 50,000 shares authorized; none issued and outstanding 0.0 0.0
Class A common stock, $0.001 par value - 1,000,000 shares authorized; 138,863 and 141,208 issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 0.1 0.1
Additional paid-in capital 2,799.8 2,611.8
Accumulated deficit (2,431.2) (2,052.3)
Accumulated other comprehensive income 35.7 132.5
Total stockholders' equity 404.4 692.1
Total liabilities and stockholders' equity $ 8,273.9 $ 8,235.4