v3.24.3
Summary of Significant Accounting Policies (Tables)
 9 Months Ended
Sep. 30, 2024
Accounting Policies [Abstract]  
Reconciliation of Cash and Cash Equivalents
The following table reconciles cash, cash equivalents and restricted cash per the Condensed Consolidated Statements of Cash Flows:
September 30,
20242023
Cash and cash equivalents$439,872 $79,361 
Restricted cash(1)
1,747 1,747 
Total cash, cash equivalents and restricted cash$441,619 $81,108 
___________________
(1)Includes deposits in financial institutions related to letters of credit used to secure lease agreements.
Reconciliation of Restricted Cash
The following table reconciles cash, cash equivalents and restricted cash per the Condensed Consolidated Statements of Cash Flows:
September 30,
20242023
Cash and cash equivalents$439,872 $79,361 
Restricted cash(1)
1,747 1,747 
Total cash, cash equivalents and restricted cash$441,619 $81,108 
___________________
(1)Includes deposits in financial institutions related to letters of credit used to secure lease agreements.
Disclosure of Changes in Allowance for Doubtful Accounts
The following table presents the changes in our allowance for expected credit losses for the period presented:
Amount
Balance as of December 31, 2023$5,848 
Provision for expected credit losses12,018 
Write-offs and other(12,202)
Balance as of September 30, 2024$5,664 
Revenue by Geographic Areas
Revenue, as determined based on the billing address of the Company’s customers, was as follows:
Three Months EndedNine Months Ended
September 30,September 30,
2024202320242023
North America39 %37 %38 %38 %
Europe28 29 29 29 
Asia23 24 23 23 
Other10 10 10 10 
Total100 %100 %100 %100 %
Long-lived Assets by Geographic Areas The geographic locations of the Company’s long-lived assets, net, based on physical location of the assets, is as follows:
September 30, 2024December 31, 2023
United States$256,291 $233,557 
Singapore31,284 43,425 
Germany
51,753 62,224 
Netherlands
69,690 46,170 
Other
83,412 75,269 
Total$492,430 $460,645