Marketable Investment Securities, Restricted Cash and Cash Equivalents, and Other Investments (Tables)

3 Months Ended

Mar. 31, 2025

Marketable Investment Securities, Restricted Cash and Cash Equivalents, and Other Investments

Schedule of marketable investment securities, restricted cash and cash equivalents, and other investment securities


		As of
		March 31,			December 31,
		2025			2024

		(In thousands)
Marketable investment securities:
Current marketable investment securities		$	—		$	—
Restricted marketable investment securities (1)			17,455			—
Total marketable investment securities			17,455			—


Restricted cash and cash equivalents (1)			214,691			209,574

Other investments, net:
Equity method investments			19,919			20,440
Other investments			2,201			2,201
Total other investments, net			22,120			22,641

Total marketable investment securities, restricted cash and cash equivalents, and other investments, net		$	254,266		$	232,215

(1)

Restricted marketable investment securities and restricted cash and cash equivalents are included in “Current restricted cash, cash equivalents and marketable investment securities” and “Restricted cash, cash equivalents and marketable investment securities” on our Condensed Consolidated Balance Sheets and discussed below.

Schedule of investments measured at fair value on a recurring basis


		As of
		March 31, 2025												December 31, 2024
		Level 1			Level 2			Level 3			Total			Level 1			Level 2			Level 3			Total

		(In thousands)
Cash and cash equivalents (including restricted):
Cash		$	89,716		$	—		$	—		$	89,716		$	124,360		$	—		$	—		$	124,360
Cash equivalents			319,431			445,320			—			764,751			463,394			40,907			—			504,301
Total		$	409,147		$	445,320		$	—		$	854,467		$	587,754		$	40,907		$	—		$	628,661

Debt securities (including restricted):
U.S. Treasury and agency securities		$	5,414		$	—		$	—		$	5,414		$	—		$	—		$	—		$	—
Commercial paper			—			11,949			—			11,949			—			—			—			—
Corporate securities			—			—			—			—			—			—			—			—
Other			—			92			—			92			—			—			—			—
Total		$	5,414		$	12,041		$	—		$	17,455		$	—		$	—		$	—		$	—

Schedule of Gains and Losses on Sales and Changes in Carrying Amounts of Investments and Other


		For the Three Months Ended
		March 31,
Other, net:		2025			2024

		(In thousands)
Equity in earnings (losses) of affiliates		$	(481)		$	(708)
Other			(9)			139
Total		$	(490)		$	(569)