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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 939.2 $ 566.3
Short-term marketable securities 2,181.5 2,157.8
Accounts receivable, net 945.2 973.9
Inventory 570.3 559.6
Prepaid and other current assets 212.2 168.3
Total current assets 4,848.4 4,425.9
Property and equipment, net 1,183.1 1,113.1
Operating lease right-of-use assets 71.2 71.4
Goodwill 23.3 25.2
Intangibles, net 114.5 134.5
Deferred tax assets 475.8 419.4
Other assets 82.9 75.0
Total assets 6,799.2 6,264.5
Current liabilities:    
Accounts payable and accrued liabilities 1,569.8 1,345.5
Accrued payroll and related expenses 116.1 171.0
Short-term operating lease liabilities 21.6 21.1
Deferred revenue 14.7 18.4
Total current liabilities 1,722.2 1,556.0
Long-term senior convertible notes 2,437.8 2,434.2
Long-term operating lease liabilities 76.8 80.1
Other long-term liabilities 128.1 125.6
Total liabilities 4,364.9 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 June 30, 2024 and December 31, 2023 0.0 0.0
Common stock, $0.001 par value, 800.0 million shares authorized; 408.5 million and 400.7 million shares issued and outstanding, respectively, at June 30, 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 1,992.3 3,514.6
Accumulated other comprehensive loss (38.0) (16.7)
Retained earnings 1,311.3 1,021.4
Treasury stock, at cost; 7.8 million shares at June 30, 2024 and 21.8 million shares at December 31, 2023 (831.7) (2,451.1)
Total stockholders’ equity 2,434.3 2,068.6
Total liabilities and stockholders’ equity $ 6,799.2 $ 6,264.5