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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 643.7 $ 642.3
Short-term marketable securities 2,596.6 1,813.9
Accounts receivable, net 785.7 713.3
Inventory 498.6 306.7
Prepaid and other current assets 173.8 192.6
Total current assets 4,698.4 3,668.8
Property and equipment, net 1,078.9 1,055.6
Operating lease right-of-use assets 73.4 80.0
Goodwill 25.3 25.7
Intangibles, net 144.5 173.3
Deferred tax assets 501.3 341.2
Other assets 74.4 47.1
Total assets 6,596.2 5,391.7
Current liabilities:    
Accounts payable and accrued liabilities 1,373.1 901.8
Accrued payroll and related expenses 151.3 134.3
Current portion of long-term senior convertible notes 124.2 772.6
Short-term operating lease liabilities 21.0 20.5
Deferred revenue 9.0 10.1
Total current liabilities 1,678.6 1,839.3
Long-term senior convertible notes 2,432.4 1,197.7
Long-term operating lease liabilities 83.4 94.6
Other long-term liabilities 133.9 128.3
Total liabilities 4,328.3 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 September 30, 2023 and December 31, 2022 0.0 0.0
Common stock, $0.001 par value, 800.0 million shares authorized; 405.5 million and 386.4 million shares issued and outstanding, respectively, at September 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 3,618.0 2,258.1
Accumulated other comprehensive loss (35.6) (11.6)
Retained earnings 765.1 479.9
Treasury stock, at cost; 19.1 million shares at September 30, 2023 and 6.9 million shares at December 31, 2022 (2,080.0) (595.0)
Total stockholders’ equity 2,267.9 2,131.8
Total liabilities and stockholders’ equity $ 6,596.2 $ 5,391.7