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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
shares in Millions, $ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 904.9 $ 606.1
Short-term marketable securities 1,796.5 1,973.3
Accounts receivable, net 1,155.2 1,005.7
Inventory 538.2 542.6
Prepaid and other current assets 159.0 173.7
Total current assets 4,553.8 4,301.4
Property and equipment, net 1,364.7 1,339.9
Operating lease right-of-use assets 59.1 62.8
Goodwill 23.1 22.8
Intangibles, net 95.2 103.4
Deferred tax assets 487.3 481.2
Other assets 168.5 173.0
Total assets 6,751.7 6,484.5
Current liabilities:    
Accounts payable and accrued liabilities 1,690.6 1,585.1
Accrued payroll and related expenses 110.8 112.0
Current portion of long-term senior convertible notes 1,205.3 1,204.4
Short-term operating lease liabilities 22.6 22.5
Deferred revenue 7.8 8.0
Total current liabilities 3,037.1 2,932.0
Long-term senior convertible notes 1,238.0 1,237.0
Long-term operating lease liabilities 59.7 65.0
Other long-term liabilities 150.3 147.9
Total liabilities 4,485.1 4,381.9
Commitments and contingencies (Note 5)
Stockholders’ equity:    
Preferred stock, $0.001 par value, 5.0 million shares authorized; no shares issued and outstanding at March 31, 2025 and December 31, 2024 0.0 0.0
Common stock, $0.001 par value, 800.0 million shares authorized; 410.3 million and 392.1 million shares issued and outstanding, respectively, at March 31, 2025; and 408.9 million and 390.7 million shares issued and outstanding, respectively, at December 31, 2024 0.4 0.4
Additional paid-in capital 2,142.2 2,093.8
Accumulated other comprehensive income (loss) 2.2 (8.0)
Retained earnings 1,703.0 1,597.6
Treasury stock, at cost; 18.2 million shares at March 31, 2025 and December 31, 2024 (1,581.2) (1,581.2)
Total stockholders’ equity 2,266.6 2,102.6
Total liabilities and stockholders’ equity $ 6,751.7 $ 6,484.5
Treasury stock (in shares) 18.2 18.2