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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 1,672,660 $ 1,307,141
Short-term investments 1,383,028 1,362,314
Accounts receivable, net 1,190,351 1,016,203
Inventories 906,723 935,631
Prepaid expenses and other current assets 110,958 109,823
Prepaid income taxes 30,889 33,785
Total current assets 5,294,609 4,764,897
INVESTMENTS 41,152 61,443
PROPERTY AND EQUIPMENT, net 545,922 516,897
DEFERRED INCOME TAXES, net 177,039 177,039
GOODWILL 1,417,941 1,417,941
OTHER INTANGIBLE ASSETS, net 1,222,598 1,220,410
OTHER ASSETS 145,101 134,478
Total Assets 8,844,362 8,293,105
CURRENT LIABILITIES:    
Accounts payable 491,249 444,265
Accrued liabilities 245,932 172,991
Accrued promotional allowances 308,094 255,631
Deferred revenue 44,440 43,311
Accrued compensation 42,673 72,463
Income taxes payable 55,123 13,317
Total current liabilities 1,187,511 1,001,978
DEFERRED REVENUE 219,764 223,800
OTHER LIABILITIES 41,727 42,286
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:    
Common stock - $0.005 par value; 1,250,000 shares authorized; 1,117,392 shares issued and 1,046,616 shares outstanding as of March 31, 2023; 1,283,688 shares issued and 1,044,600 shares outstanding as of December 31, 2022 [1] 5,587 6,418
Additional paid-in capital [1] 4,829,301 4,776,804
Retained earnings [1] 4,706,192 9,001,173
Accumulated other comprehensive loss [1] (147,911) (159,073)
Common stock in treasury, at cost; 70,776 shares and 239,088 shares as of March 31, 2023 and December 31, 2022, respectively [1] (1,997,809) (6,600,281)
Total stockholders' equity [1] 7,395,360 7,025,041
Total Liabilities and Stockholders' Equity [1] $ 8,844,362 $ 8,293,105
[1] 1 Stock Split - On February 28, 2023, the Company announced a two-for-one stock split of its common stock to be effected in the form of a 100% stock dividend. The stock dividend was issued on March 27, 2023 (the “Stock Split”). The accompanying condensed consolidated financial statements and notes thereto have been retroactively updated to reflect the Stock Split. See Note 1 for additional information.