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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 1,995.7 $ 2,875.9
Short-term investments 1,127.7 1,190.6
Accounts receivable—net 1,168.3 1,463.4
Inventory 426.6 315.5
Prepaid expenses and other current assets 195.2 126.1
Total current assets 4,913.5 5,971.5
LONG-TERM INVESTMENTS 289.1 0.0
PROPERTY AND EQUIPMENT—NET 1,605.2 1,349.5
DEFERRED CONTRACT COSTS 682.2 622.9
DEFERRED TAX ASSETS 1,367.8 1,335.6
GOODWILL 258.3 235.4
OTHER INTANGIBLE ASSETS—NET 110.2 115.0
OTHER ASSETS 135.0 133.2
TOTAL ASSETS 9,361.3 9,763.1
CURRENT LIABILITIES:    
Accounts payable 221.3 190.9
Accrued liabilities 330.6 337.9
Accrued payroll and compensation 274.3 255.7
Current portion of long-term debt 499.4 0.0
Deferred revenue 3,460.5 3,276.2
Total current liabilities 4,786.1 4,060.7
DEFERRED REVENUE 3,189.9 3,084.7
LONG-TERM DEBT 496.5 994.3
OTHER LIABILITIES 153.7 129.6
Total liabilities 8,626.2 8,269.3
COMMITMENTS AND CONTINGENCIES (NOTE 10)
STOCKHOLDERS’ EQUITY:    
Common stock, $0.001 par value—1,500.0 shares authorized; 742.9 and 767.0 shares issued and outstanding on September 30, 2025 and December 31, 2024, respectively 0.7 0.8
Additional paid-in capital 1,714.7 1,636.2
Accumulated other comprehensive loss (21.8) (26.1)
Accumulated deficit (958.5) (117.1)
Total stockholders’ equity 735.1 1,493.8
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 9,361.3 $ 9,763.1