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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 851.2 $ 566.3
Short-term marketable securities 2,045.8 2,157.8
Accounts receivable, net 978.6 973.9
Inventory 589.1 559.6
Prepaid and other current assets 156.0 168.3
Total current assets 4,620.7 4,425.9
Property and equipment, net 1,108.6 1,113.1
Operating lease right-of-use assets 68.0 71.4
Goodwill 23.2 25.2
Intangibles, net 123.3 134.5
Deferred tax assets 460.7 419.4
Other assets 77.7 75.0
Total assets 6,482.2 6,264.5
Current liabilities:    
Accounts payable and accrued liabilities 1,446.6 1,345.5
Accrued payroll and related expenses 110.5 171.0
Short-term operating lease liabilities 20.7 21.1
Deferred revenue 16.4 18.4
Total current liabilities 1,594.2 1,556.0
Long-term senior convertible notes 2,436.0 2,434.2
Long-term operating lease liabilities 75.8 80.1
Other long-term liabilities 129.4 125.6
Total liabilities 4,235.4 4,195.9
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.001 par value, 5.0 million shares authorized; no shares issued and outstanding at March 31, 2024 and December 31, 2023 0.0 0.0
Common stock, $0.001 par value, 800.0 million shares authorized; 408.5 million and 396.1 million shares issued and outstanding, respectively, at March 31, 2024; and 407.2 million and 385.4 million shares issued and outstanding, respectively, at December 31, 2023 0.4 0.4
Additional paid-in capital 2,510.6 3,514.6
Accumulated other comprehensive loss (37.3) (16.7)
Retained earnings 1,167.8 1,021.4
Treasury stock, at cost; 12.4 million shares at March 31, 2024 and 21.8 million shares at December 31, 2023 (1,394.7) (2,451.1)
Total stockholders’ equity 2,246.8 2,068.6
Total liabilities and stockholders’ equity $ 6,482.2 $ 6,264.5