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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 173,446 $ 207,232
Short-term investments 123,082  
Accounts receivable, net 835,958 834,764
Prepaid expenses and other current assets 26,641 14,527
TOTAL CURRENT ASSETS 1,159,127 1,056,523
Property and equipment, net 47,734 33,046
Operating lease assets 177,276  
Deferred income taxes 8,460 8,460
Other assets, non-current 22,442 19,843
TOTAL ASSETS 1,415,039 1,117,872
Current liabilities:    
Accounts payable 647,547 669,147
Accrued expenses and other current liabilities 40,553 44,844
Operating lease liabilities 15,938  
TOTAL CURRENT LIABILITIES 704,038 713,991
Operating lease liabilities, non-current 167,668  
Other liabilities, non-current 7,941 9,314
TOTAL LIABILITIES 879,647 723,305
Commitments and contingencies (Note 9)
STOCKHOLDERS’ EQUITY    
Preferred stock, par value $0.000001; 100,000 shares authorized, zero shares issued and outstanding as of September 30, 2019 and December 31, 2018
Common stock, par value $0.000001 Class A, 1,000,000 shares authorized; 39,810 and 36,822 shares issued and outstanding as of September 30, 2019 and December 31, 2018, respectively Class B, 95,000 shares authorized; 5,311 and 7,042 shares issued and outstanding as of September 30, 2019 and December 31, 2018, respectively 0 0
Additional paid-in capital 353,899 270,447
Retained earnings 181,493 124,120
TOTAL STOCKHOLDERS’ EQUITY 535,392 394,567
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,415,039 $ 1,117,872