v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 985,494 $ 759,319
Short-term investments 1,168,501 1,225,124
Prepaid expenses and other current assets 969,915 966,090
Total current assets 3,123,910 2,950,533
Restricted cash and cash equivalents 261,400 186,721
Restricted investments 1,374,522 1,355,451
Other investments 42,118 42,516
Property and equipment, net 415,099 444,864
Operating lease right of use assets 146,272 148,397
Intangible assets, net 39,342 42,776
Goodwill 251,476 251,376
Other assets 13,859 12,435
Total assets 5,667,998 5,435,069
Current liabilities    
Accounts payable 98,633 97,704
Insurance reserves 1,823,535 1,701,393
Accrued and other current liabilities 1,735,315 1,666,278
Operating lease liabilities, current 24,920 25,192
Convertible senior notes, current 390,537 390,175
Total current liabilities 4,072,940 3,880,742
Operating lease liabilities 147,972 152,074
Long-term debt, net of current portion 549,878 565,968
Other liabilities 59,093 69,269
Total liabilities 4,829,883 4,668,053
Stockholders’ equity    
Preferred stock, $0.00001 par value; 1,000,000 shares authorized as of March 31, 2025 and December 31, 2024; no shares issued and outstanding as of March 31, 2025 and December 31, 2024 0 0
Common stock, $0.00001 par value; 18,000,000 Class A shares authorized as of March 31, 2025 and December 31, 2024; 411,817 and 409,474 Class A shares issued and outstanding, as of March 31, 2025 and December 31, 2024, respectively; 100,000 Class B shares authorized as of March 31, 2025 and December 31, 2024; 8,531 and 8,531 Class B shares issued and outstanding, as of March 31, 2025 and December 31, 2024 4 4
Additional paid-in capital 11,104,110 11,035,246
Accumulated other comprehensive loss (10,435) (10,103)
Accumulated deficit (10,255,564) (10,258,131)
Total stockholders’ equity 838,115 767,016
Total liabilities and stockholders’ equity $ 5,667,998 $ 5,435,069