v3.25.1
Consolidated Balance Sheets - USD ($)
shares in Thousands, $ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 911,227 $ 1,046,534
Marketable securities 2,295,663 2,329,745
Accounts receivable, net of allowance 1,157,615 1,348,472
Prepaid expenses and other current assets 212,532 182,006
Total current assets 4,577,037 4,906,757
Property and equipment, net 501,353 489,088
Operating lease right-of-use assets 528,270 530,441
Intangible assets, net 74,822 86,363
Goodwill 1,691,870 1,689,785
Other assets 215,848 233,914
Total assets 7,589,200 7,936,348
Current liabilities    
Accounts payable 209,445 173,197
Operating lease liabilities 22,501 24,885
Accrued expenses and other current liabilities 796,258 1,009,254
Short-term debt, net 36,233 36,212
Total current liabilities 1,064,437 1,243,548
Long-term debt, net 3,576,692 3,607,717
Operating lease liabilities, noncurrent 575,427 575,082
Other liabilities 61,309 59,240
Total liabilities 5,277,865 5,485,587
Commitments and Contingencies
Stockholders’ equity    
Treasury stock, at cost. 45,980 and 47,222 shares of Class A non-voting common stock at March 31, 2025 and December 31, 2024, respectively. (448,509) (460,620)
Additional paid-in capital 15,879,359 15,644,132
Accumulated deficit (13,132,148) (12,735,461)
Accumulated other comprehensive income (loss) 12,617 2,694
Total stockholders’ equity 2,311,335 2,450,761
Total liabilities and stockholders’ equity $ 7,589,200 7,936,348
Common stock outstanding (in shares) 1,732,658  
Class A Non-voting Common Stock    
Stockholders’ equity    
Common stock, value $ 14 $ 14
Common stock issued (in shares) 1,478,508 1,483,718
Common stock outstanding (in shares) 1,432,528 1,436,495
Common stock authorized (in shares) 3,000,000 3,000,000
Class B Voting Common Stock    
Stockholders’ equity    
Common stock, value $ 0 $ 0
Common stock issued (in shares) 22,523  
Common stock outstanding (in shares) 22,523  
Common stock authorized (in shares) 700,000  
Class C Voting Common Stock    
Stockholders’ equity    
Common stock, value $ 2 $ 2
Common stock issued (in shares) 231,627 231,627
Common stock outstanding (in shares) 231,627 231,627
Common stock authorized (in shares) 260,888 260,888