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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 434,371 $ 130,876
Short-term investments, net of allowance for credit losses of $11 and $0 as of September 30, 2020 and December 31, 2019, respectively 122,909 124,112
Accounts receivable, net of allowance for credit losses of $7,182 and $3,920 as of September 30, 2020 and December 31, 2019, respectively 1,139,860 1,166,376
Prepaid expenses and other current assets 58,847 27,857
TOTAL CURRENT ASSETS 1,755,987 1,449,221
Property and equipment, net 111,862 64,012
Operating lease assets 202,172 173,449
Deferred income taxes 39,928 18,950
Other assets, non-current 28,479 23,129
TOTAL ASSETS 2,138,428 1,728,761
Current liabilities:    
Accounts payable 919,694 868,618
Accrued expenses and other current liabilities 57,724 47,178
Operating lease liabilities 34,735 14,577
TOTAL CURRENT LIABILITIES 1,012,153 930,373
Operating lease liabilities, non-current 205,408 174,873
Debt, net 72,000  
Other liabilities, non-current 16,240 10,998
TOTAL LIABILITIES 1,305,801 1,116,244
Commitments and contingencies (Note 10)
STOCKHOLDERS’ EQUITY    
Preferred stock, par value $0.000001; 100,000 shares authorized, zero shares issued and outstanding as of September 30, 2020 and December 31, 2019
Common stock, par value $0.000001 Class A, 1,000,000 shares authorized; 41,930 and 40,305 shares issued and outstanding as of September 30, 2020 and December 31, 2019, respectively Class B, 95,000 shares authorized; 5,015 and 5,171 shares issued and outstanding as of September 30, 2020 and December 31, 2019, respectively 0 0
Additional paid-in capital 510,017 380,079
Accumulated other comprehensive income 145  
Retained earnings 322,465 232,438
TOTAL STOCKHOLDERS’ EQUITY 832,627 612,517
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 2,138,428 $ 1,728,761