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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 606.1 $ 566.3
Short-term marketable securities 1,973.3 2,157.8
Accounts receivable, net 1,005.7 973.9
Inventory 542.6 559.6
Prepaid and other current assets 173.7 168.3
Total current assets 4,301.4 4,425.9
Property and equipment, net 1,339.9 1,113.1
Operating lease right-of-use assets 62.8 71.4
Goodwill 22.8 25.2
Intangibles, net 103.4 134.5
Deferred tax assets 481.2 419.4
Other assets 173.0 75.0
Total assets 6,484.5 6,264.5
Current liabilities:    
Accounts payable and accrued liabilities 1,585.1 1,345.5
Accrued payroll and related expenses 112.0 171.0
Current portion of long-term senior convertible notes 1,204.4 0.0
Short-term operating lease liabilities 22.5 21.1
Deferred revenue 8.0 18.4
Total current liabilities 2,932.0 1,556.0
Long-term senior convertible notes 1,237.0 2,434.2
Long-term operating lease liabilities 65.0 80.1
Other long-term liabilities 147.9 125.6
Total liabilities 4,381.9 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 December 31, 2024 and December 31, 2023 0.0 0.0
Common stock, $0.001 par value, 800.0 million shares authorized; 408.9 million and 390.7 million shares issued and outstanding, respectively, at December 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 2,093.8 3,514.6
Accumulated other comprehensive loss (8.0) (16.7)
Retained earnings 1,597.6 1,021.4
Treasury stock, at cost; 18.2 million shares at December 31, 2024 and 21.8 million shares at December 31, 2023 (1,581.2) (2,451.1)
Total stockholders’ equity 2,102.6 2,068.6
Total liabilities and stockholders’ equity $ 6,484.5 $ 6,264.5