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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 741,411 $ 502,152
Accounts receivable, net 1,414,246 953,810
Prepaid expenses and other current assets 156,533 160,201
Total current assets 2,312,190 1,616,163
Property and equipment, net 160,530 173,331
Operating lease right-of-use assets 38,069 48,210
Goodwill 1,803,426 1,842,850
Intangible assets, net 896,677 1,292,635
Other assets 658,367 385,998
Total assets 5,869,259 5,359,187
Current liabilities:    
Accounts payable 563,427 371,702
Accrued and other current liabilities 409,392 265,256
Short-term debt 0 215,000
Deferred revenue 69,839 78,559
Operating lease liabilities, current 14,814 13,605
Total current liabilities 1,057,472 944,122
Long-term debt 3,508,983 2,905,906
Operating lease liabilities, non-current 32,608 42,905
Other non-current liabilities 180,378 209,925
Total liabilities 4,779,441 4,102,858
Commitments and contingencies (Note 5)
Stockholders’ equity:    
Preferred stock, $0.00003 par value—100,000,000 shares authorized, no shares issued and outstanding as of December 31, 2024 and 2023 0 0
Class A, Class B, and Class C Common stock, $0.00003 par value—1,850,000,000 (Class A 1,500,000,000, Class B 200,000,000, Class C 150,000,000) shares authorized, 340,041,739 (Class A 309,353,198, Class B 30,688,541, Class C nil) and 339,886,712 (Class A 268,774,090, Class B 71,112,622, Class C nil) shares issued and outstanding as of December 31, 2024 and 2023, respectively 11 11
Additional paid-in capital 593,699 2,134,581
Accumulated other comprehensive loss (103,096) (65,274)
Retained earnings (Accumulated deficit) 599,204 (812,989)
Total stockholders’ equity 1,089,818 1,256,329
Total liabilities and stockholders’ equity $ 5,869,259 $ 5,359,187