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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 656,168 $ 479,853
Short-term investments 1,215,944 665,567
Accounts receivable, net of allowance of $169 and $153 at March 31, 2021 and December 31, 2020, respectively 11,633 12,913
Prepaid expenses 25,256 12,776
Other current assets 26,625 11,846
Total current assets 1,935,626 1,182,955
Long-term investments 711,224 523,628
Textbook library, net 24,000 34,149
Property and equipment, net 134,093 125,807
Goodwill 290,601 285,214
Intangible assets, net 49,798 51,249
Right of use assets 22,617 24,226
Other assets 25,602 24,030
Total assets 3,193,561 2,251,258
Current liabilities    
Accounts payable 14,902 8,547
Deferred revenue 48,608 32,620
Accrued liabilities 78,089 68,565
Current portion of convertible senior notes, net 109,494 0
Total current liabilities 251,093 109,732
Long-term liabilities    
Long-term portion of convertible senior notes, net 1,673,946 1,506,922
Long-term operating lease liabilities 17,551 19,264
Other long-term liabilities 7,628 5,705
Total long-term liabilities 1,699,125 1,531,891
Total liabilities 1,950,218 1,641,623
Commitments and contingencies
Stockholders' equity:    
Preferred stock, 0.001 par value – 10,000,000 shares authorized, no shares issued and outstanding 0 0
Common stock, 0.001 par value 400,000,000 shares authorized; 141,317,066 and 129,343,524 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively 141 129
Additional paid-in capital 1,645,352 1,030,577
Accumulated other comprehensive (loss) income (1,238) 1,530
Accumulated deficit (400,912) (422,601)
Total stockholders' equity 1,243,343 609,635
Total liabilities and stockholders' equity $ 3,193,561 $ 2,251,258