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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 566.3 $ 642.3
Short-term marketable securities 2,157.8 1,813.9
Accounts receivable, net 973.9 713.3
Inventory 559.6 306.7
Prepaid and other current assets 168.3 192.6
Total current assets 4,425.9 3,668.8
Property and equipment, net 1,113.1 1,055.6
Operating lease right-of-use assets 71.4 80.0
Goodwill 25.2 25.7
Intangibles, net 134.5 173.3
Deferred tax assets 419.4 341.2
Other assets 75.0 47.1
Total assets 6,264.5 5,391.7
Current liabilities:    
Accounts payable and accrued liabilities 1,345.5 901.8
Accrued payroll and related expenses 171.0 134.3
Current portion of long-term senior convertible notes 0.0 772.6
Short-term operating lease liabilities 21.1 20.5
Deferred revenue 18.4 10.1
Total current liabilities 1,556.0 1,839.3
Long-term senior convertible notes 2,434.2 1,197.7
Long-term operating lease liabilities 80.1 94.6
Other long-term liabilities 125.6 128.3
Total liabilities 4,195.9 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 December 31, 2023 and December 31, 2022 0.0 0.0
Common stock, $0.001 par value, 800.0 million shares authorized; 407.2 million and 385.4 million shares issued and outstanding, respectively, at December 31, 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 3,514.6 2,258.1
Accumulated other comprehensive loss (16.7) (11.6)
Retained earnings 1,021.4 479.9
Treasury stock, at cost; 21.8 million shares at December 31, 2023 and 6.9 million shares at December 31, 2022 (2,451.1) (595.0)
Total stockholders’ equity 2,068.6 2,131.8
Total liabilities and stockholders’ equity $ 6,264.5 $ 5,391.7