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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 130,590 $ 207,232
Short-term investments 100,461  
Accounts receivable, net 830,646 834,764
Prepaid expenses and other current assets 22,319 14,527
TOTAL CURRENT ASSETS 1,084,016 1,056,523
Property and equipment, net 43,521 33,046
Operating lease assets 82,711  
Deferred income taxes 8,460 8,460
Other assets, non-current 20,743 19,843
TOTAL ASSETS 1,239,451 1,117,872
Current liabilities:    
Accounts payable 616,222 669,147
Accrued expenses and other current liabilities 37,429 44,844
Operating lease liabilities 16,822  
TOTAL CURRENT LIABILITIES 670,473 713,991
Operating lease liabilities, non-current 71,699  
Other liabilities, non-current 5,058 9,314
TOTAL LIABILITIES 747,230 723,305
Commitments and contingencies (Note 9)
STOCKHOLDERS’ EQUITY    
Preferred stock, par value $0.000001; 100,000 shares authorized, zero shares issued and outstanding as of June 30, 2019 and December 31, 2018
Common stock, par value $0.000001 Class A, 1,000,000 shares authorized; 38,950 and 36,822 shares issued and outstanding as of June 30, 2019 and December 31, 2018, respectively Class B, 95,000 shares authorized; 5,973 and 7,042 shares issued and outstanding as of June 30, 2019 and December 31, 2018, respectively 0 0
Additional paid-in capital 330,150 270,447
Retained earnings 162,071 124,120
TOTAL STOCKHOLDERS’ EQUITY 492,221 394,567
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,239,451 $ 1,117,872