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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 3,596.6 $ 2,875.9
Short-term investments 1,183.9 1,190.6
Accounts receivable—net 1,174.0 1,463.4
Inventory 362.7 315.5
Prepaid expenses and other current assets 125.4 126.1
Total current assets 6,442.6 5,971.5
LONG-TERM INVESTMENTS 35.2 0.0
PROPERTY AND EQUIPMENT—NET 1,403.8 1,349.5
DEFERRED CONTRACT COSTS 636.2 622.9
DEFERRED TAX ASSETS 1,411.6 1,335.6
GOODWILL 236.2 235.4
OTHER INTANGIBLE ASSETS—NET 121.2 115.0
OTHER ASSETS 120.2 133.2
TOTAL ASSETS 10,407.0 9,763.1
CURRENT LIABILITIES:    
Accounts payable 224.5 190.9
Accrued liabilities 415.0 337.9
Accrued payroll and compensation 250.2 255.7
Current portion of long-term debt 498.7 0.0
Deferred revenue 3,339.4 3,276.2
Total current liabilities 4,727.8 4,060.7
DEFERRED REVENUE 3,079.0 3,084.7
LONG-TERM DEBT 496.2 994.3
OTHER LIABILITIES 141.1 129.6
Total liabilities 8,444.1 8,269.3
COMMITMENTS AND CONTINGENCIES (NOTE 10)
STOCKHOLDERS’ EQUITY:    
Common stock, $0.001 par value—1,500.0 shares authorized; 769.2 and 767.0 shares issued and outstanding on March 31, 2025 and December 31, 2024, respectively 0.8 0.8
Additional paid-in capital 1,668.7 1,636.2
Accumulated other comprehensive loss (22.9) (26.1)
Retained earnings (accumulated deficit) 316.3 (117.1)
Total stockholders’ equity 1,962.9 1,493.8
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 10,407.0 $ 9,763.1