v3.24.3
Financial Statements Details (Tables)
 9 Months Ended
Sep. 30, 2024
Balance Sheet Components [Abstract]  
Schedule of Inventories Inventories consist of the following (in thousands):
September 30, 2024December 31, 2023
Raw materials $652,213 $930,777 
Finished goods 1,117,749 1,014,403 
   Total inventories $1,769,962 $1,945,180 
Schedule of Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consist of the following (in thousands):
September 30, 2024December 31, 2023
Inventory deposits$113,705 $130,509 
Other current assets434,988 282,009 
   Total prepaid expenses and other current assets$548,693 $412,518 
Schedule of Property and Equipment, Net Property and equipment, net consists of the following (in thousands):
September 30, 2024December 31, 2023
Land$46,866 $44,645 
Equipment and machinery 157,626 149,092 
Computer hardware and software 62,321 57,761 
Leasehold improvements
34,781 34,584 
Furniture and fixtures 3,563 3,576 
    Property and equipment, gross 305,157 289,658 
Less: accumulated depreciation (212,123)(188,078)
    Property and equipment, net $93,034 $101,580 
Schedule of Accrued Liabilities Accrued liabilities consist of the following (in thousands):
September 30, 2024December 31, 2023
Accrued compensation-related costs$107,545 $134,225 
Accrued supplier liability90,053 167,878 
Accrued manufacturing and product development costs77,574 62,532 
Other48,818 42,667 
   Total accrued liabilities $323,990 $407,302 
Schedule of Contract Liabilities and Deferred Revenue The following table summarizes the activity related to our contract liabilities (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Contract liabilities, beginning balance$144,130 $110,097 $133,239 $103,448 
Less: Revenue recognized from beginning balance(12,693)(10,222)(44,678)(33,466)
Less: Beginning balance reclassified to deferred revenue(6,757)(5,306)(4,954)(5,228)
Add: Contract liabilities recognized22,280 25,712 63,353 55,527 
Contract liabilities, ending balance$146,960 $120,281 $146,960 $120,281 
The following table summarizes the activity related to our deferred revenue (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Deferred revenue, beginning balance
$2,118,786 $1,084,904 $1,506,204 $1,041,246 
Less: Revenue recognized from beginning balance(249,328)(173,494)(616,321)(506,859)
Add: Deferral of revenue in current period, excluding amounts recognized during the period637,873 283,341 1,617,448 660,364 
Deferred revenue, ending balance$2,507,331 $1,194,751 $2,507,331 $1,194,751 
Schedule of Other Income (Expense), Net Other income (expense), net consists of the following (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Interest income$85,374 $43,676 $220,645 $98,391 
Gain (loss) on strategic investments12,400 (473)12,400 18,699 
Other income (expense), net(114)(1,388)(1,902)(6,790)
    Total$97,660 $41,815 $231,143 $110,300