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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 1,192,608 $ 697,030
Accounts receivable, net 1,581,679 1,283,335
Prepaid expenses and other current assets 218,402 140,470
Current assets of discontinued operations 0 191,355
Total current assets 2,992,689 2,312,190
Property and equipment, net 129,600 159,970
Goodwill 1,539,301 1,457,685
Intangible assets, net 448,179 472,851
Other non-current assets 849,728 529,314
Non-current assets of discontinued operations 0 937,249
Total assets 5,959,497 5,869,259
Current liabilities:    
Accounts payable 553,692 504,302
Accrued and other current liabilities 495,218 379,004
Deferred revenue 44,975 37,053
Current liabilities of discontinued operations 0 137,113
Total current liabilities 1,093,885 1,057,472
Long-term debt 3,510,958 3,508,983
Other non-current liabilities 187,527 211,572
Non-current liabilities of discontinued operations 0 1,414
Total liabilities 4,792,370 4,779,441
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.00003 par value—100,000,000 shares authorized, no shares issued and outstanding as of June 30, 2025 and December 31, 2024 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, 338,782,503 (Class A 308,168,962, Class B 30,613,541, Class C nil) and 340,041,739 (Class A 309,353,198, Class B 30,688,541, Class C nil) shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 11 11
Additional paid-in capital 448,899 593,699
Accumulated other comprehensive loss (5,149) (103,096)
Retained earnings 723,366 599,204
Total stockholders’ equity 1,167,127 1,089,818
Total liabilities and stockholders’ equity $ 5,959,497 $ 5,869,259