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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 2,045,474 $ 1,141,263
Short-term investments 1,491,167 1,280,989
Accounts receivable, net of allowance for doubtful accounts of $2,282 and $4,522 at June 30, 2020 and December 31, 2019, respectively 66,878 67,005
Mortgage loans held for sale 75,021 36,507
Inventory 135,401 836,627
Prepaid expenses and other current assets 56,373 58,117
Restricted cash 33,620 89,646
Total current assets 3,903,934 3,510,154
Contract cost assets 47,747 45,209
Property and equipment, net 195,747 170,489
Right of use assets 199,422 212,153
Goodwill 1,984,907 1,984,907
Intangible assets, net 106,990 190,567
Other assets 11,041 18,494
Total assets 6,449,788 6,131,973
Current liabilities:    
Accounts payable 14,307 8,343
Accrued expenses and other current liabilities 74,646 85,442
Accrued compensation and benefits 34,520 37,805
Borrowings under credit facilities 187,032 721,951
Deferred revenue 44,514 39,747
Lease liabilities, current portion 22,789 17,592
Convertible senior notes, current portion 9,637 9,637
Total current liabilities 387,445 920,517
Lease liabilities, net of current portion 214,752 220,445
Convertible senior notes, net of current portion 1,810,341 1,543,402
Deferred tax liabilities and other long-term liabilities 14,192 12,188
Total liabilities 2,426,730 2,696,552
Commitments and contingencies (Note 17)
Shareholders’ equity:    
Preferred stock, $0.0001 par value; 30,000,000 shares authorized; no shares issued and outstanding 0 0
Additional paid-in capital 5,246,371 4,412,200
Accumulated other comprehensive income 1,525 340
Accumulated deficit (1,224,861) (977,140)
Total shareholders’ equity 4,023,058 3,435,421
Total liabilities and shareholders’ equity 6,449,788 6,131,973
Class A Common Stock    
Shareholders’ equity:    
Common stock/capital stock 6 6
Class B Common Stock    
Shareholders’ equity:    
Common stock/capital stock 1 1
Class C Capital Stock    
Shareholders’ equity:    
Common stock/capital stock $ 16 $ 14