Quarterly report [Sections 13 or 15(d)]

FAIR VALUE MEASUREMENTS Fair Value Measurements (Tables)

v3.26.1
FAIR VALUE MEASUREMENTS Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Fair Value of Assets and Liabilities Measured on a Recurring Basis
The following table shows the fair value of our significant financial assets that are required to be measured at fair value on a recurring basis.

Estimated Fair Value
March 31, 2026 December 31, 2025
Level 1 Level 2 Total Level 1 Level 2 Total
(in thousands)
Assets:
Short-term investments $ 43,763  $ —  $ 43,763  $ 76,550  $ —  $ 76,550 
Crypto assets $ 3,630  $ —  $ 3,630  $ 6,249  $ —  $ 6,249 
Interest rate swaps $ —  $ 10,926  $ 10,926  $ —  $ 9,672  $ 9,672 
Total $ 47,393  $ 10,926  $ 58,319  $ 82,799  $ 9,672  $ 92,471 
Estimated Fair Values of Debt
The following table presents the estimated fair values of our senior secured notes, senior notes and convertible senior notes:
Estimated Fair Value at
March 31, 2026 December 31, 2025
Level 2
(in thousands)
6.5% Senior Secured Notes due 2027 $ 1,204,116  $ 1,211,148 
3.75% Senior Secured Notes due 2028 $ 489,060  $ 492,740 
4.75% Senior Notes due 2027 $ 945,288  $ 952,765 
3.125% Convertible Senior Notes due 2029 $ 1,524,866  $ 1,456,399 
2.875% Convertible Senior Notes due 2030 $ 1,191,608  $ 1,161,182 
2.875% Convertible Senior Notes due 2031 $ 1,419,698  $ 1,379,560