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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 621.2 $ 566.3
Short-term marketable securities 1,871.1 2,157.8
Accounts receivable, net 1,002.0 973.9
Inventory 586.3 559.6
Prepaid and other current assets 182.2 168.3
Total current assets 4,262.8 4,425.9
Property and equipment, net 1,318.8 1,113.1
Operating lease right-of-use assets 67.5 71.4
Goodwill 23.8 25.2
Intangibles, net 106.2 134.5
Deferred tax assets 486.5 419.4
Other assets 88.2 75.0
Total assets 6,353.8 6,264.5
Current liabilities:    
Accounts payable and accrued liabilities 1,592.5 1,345.5
Accrued payroll and related expenses 105.8 171.0
Short-term operating lease liabilities 22.3 21.1
Deferred revenue 13.9 18.4
Total current liabilities 1,734.5 1,556.0
Long-term senior convertible notes 2,439.6 2,434.2
Long-term operating lease liabilities 71.1 80.1
Other long-term liabilities 129.6 125.6
Total liabilities 4,374.8 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 September 30, 2024 and December 31, 2023 0.0 0.0
Common stock, $0.001 par value, 800.0 million shares authorized; 408.8 million and 390.6 million shares issued and outstanding, respectively, at September 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 2,050.5 3,514.6
Accumulated other comprehensive income (loss) 63.4 (16.7)
Retained earnings 1,445.9 1,021.4
Treasury stock, at cost; 18.2 million shares at September 30, 2024 and 21.8 million shares at December 31, 2023 (1,581.2) (2,451.1)
Total stockholders’ equity 1,979.0 2,068.6
Total liabilities and stockholders’ equity $ 6,353.8 $ 6,264.5