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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 1,194.9 $ 642.3
Short-term marketable securities 2,441.3 1,813.9
Accounts receivable, net 750.6 713.3
Inventory 421.1 306.7
Prepaid and other current assets 195.0 192.6
Total current assets 5,002.9 3,668.8
Property and equipment, net 1,077.6 1,055.6
Operating lease right-of-use assets 76.3 80.0
Goodwill 25.8 25.7
Intangibles, net 154.2 173.3
Deferred tax assets 417.0 341.2
Other assets 66.9 47.1
Total assets 6,820.7 5,391.7
Current liabilities:    
Accounts payable and accrued liabilities 1,156.5 901.8
Accrued payroll and related expenses 108.6 134.3
Current portion of long-term senior convertible notes 773.8 772.6
Short-term operating lease liabilities 21.8 20.5
Deferred revenue 9.0 10.1
Total current liabilities 2,069.7 1,839.3
Long-term senior convertible notes 2,430.6 1,197.7
Long-term operating lease liabilities 86.9 94.6
Other long-term liabilities 133.1 128.3
Total liabilities 4,720.3 3,259.9
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.001 par value, 5.0 million shares authorized; no shares issued and outstanding at June 30, 2023 and December 31, 2022 0.0 0.0
Common stock, $0.001 par value, 800.0 million shares authorized; 394.6 million and 386.1 million shares issued and outstanding, respectively, at June 30, 2023; and 393.2 million and 386.3 million shares issued and outstanding, respectively, at December 31, 2022 0.4 0.4
Additional paid-in capital 2,269.0 2,258.1
Accumulated other comprehensive loss (29.3) (11.6)
Retained earnings 644.4 479.9
Treasury stock, at cost; 8.5 million shares at June 30, 2023 and 6.9 million shares at December 31, 2022 (784.1) (595.0)
Total stockholders’ equity 2,100.4 2,131.8
Total liabilities and stockholders’ equity $ 6,820.7 $ 5,391.7