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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
 [1]
Current assets:    
Cash and cash equivalents $ 642.3 $ 1,052.6 [2]
Short-term marketable securities 1,813.9 1,678.6
Accounts receivable, net 713.3 514.3
Inventory 306.7 357.3
Prepaid and other current assets 192.6 81.6
Total current assets 3,668.8 3,684.4
Property and equipment, net 1,055.6 801.8
Operating lease right-of-use assets 80.0 88.1
Goodwill 25.7 26.5
Intangibles, net 173.3 31.5
Deferred tax assets 341.2 290.5
Other assets 47.1 10.5
Total assets 5,391.7 4,933.3
Current liabilities:    
Accounts payable and accrued liabilities 901.8 573.0
Accrued payroll and related expenses 134.3 125.2
Current portion of long-term senior convertible notes 772.6 0.0
Short-term operating lease liabilities 20.5 20.5
Deferred revenue 10.1 2.1
Total current liabilities 1,839.3 720.8
Long-term senior convertible notes 1,197.7 1,981.8
Long-term operating lease liabilities 94.6 98.6
Other long-term liabilities 128.3 90.0
Total liabilities 3,259.9 2,891.2
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.001 par value, 5.0 million shares authorized; no shares issued and outstanding at December 31, 2022 and December 31, 2021 0.0 0.0
Common stock, $0.001 par value, 800.0 million shares authorized; 393.2 million and 386.3 million shares issued and outstanding, respectively, at December 31, 2022; and 391.4 million and 388.0 million shares issued and outstanding, respectively, at December 31, 2021 0.4 0.4
Additional paid-in capital 2,258.1 2,108.7
Accumulated other comprehensive income (loss) (11.6) 0.5
Retained earnings 479.9 138.7
Treasury stock, at cost; 6.9 million shares at December 31, 2022 and 3.4 million shares at December 31, 2021 (595.0) (206.2)
Total stockholders’ equity 2,131.8 2,042.1 [3]
Total liabilities and stockholders’ equity $ 5,391.7 $ 4,933.3
[1] * We adjusted our 2021 amounts to reflect the simplified convertible instruments accounting guidance, which we adopted on a full retrospective basis. All periods presented have also been adjusted to reflect the four-for-one stock split. Refer to Note 1, “Organization and Significant Accounting Policies,” to the consolidated financial statements for further information.
[2] * We adjusted our 2021 and 2020 amounts to reflect the simplified convertible instruments accounting guidance, which we adopted on a full retrospective basis. Refer to Note 1, “Organization and Significant Accounting Policies,” to the consolidated financial statements for further information.
[3] * We adjusted our 2021 and 2020 amounts to reflect the simplified convertible instruments accounting guidance, which we adopted on a full retrospective basis on January 1, 2020. All periods presented have also been adjusted to reflect the four-for-one stock split. Refer to Note 1, “Organization and Significant Accounting Policies,” to the consolidated financial statements for further information.