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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 1,835.7 $ 606.1
Short-term marketable securities 1,486.4 1,973.3
Accounts receivable, net 1,109.6 1,005.7
Inventory 604.1 542.6
Prepaid and other current assets 183.7 173.7
Total current assets 5,219.5 4,301.4
Property and equipment, net 1,471.3 1,339.9
Operating lease right-of-use assets 54.0 62.8
Goodwill 24.1 22.8
Intangibles, net 79.0 103.4
Deferred tax assets 375.6 481.2
Other assets 276.5 173.0
Total assets 7,500.0 6,484.5
Current liabilities:    
Accounts payable and accrued liabilities 1,932.4 1,585.1
Accrued payroll and related expenses 170.2 112.0
Current portion of long-term senior convertible notes 1,206.9 1,204.4
Short-term operating lease liabilities 23.6 22.5
Deferred revenue 2.9 8.0
Total current liabilities 3,336.0 2,932.0
Long-term senior convertible notes 1,239.9 1,237.0
Long-term operating lease liabilities 50.6 65.0
Other long-term liabilities 147.4 147.9
Total liabilities 4,773.9 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 September 30, 2025 and December 31, 2024 0.0 0.0
Common stock, $0.001 par value, 800.0 million shares authorized; 410.6 million and 390.0 million shares issued and outstanding, respectively, at September 30, 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 2,246.5 2,093.8
Accumulated other comprehensive income (loss) 81.5 (8.0)
Retained earnings 2,166.6 1,597.6
Treasury stock, at cost; 20.6 million shares at September 30, 2025 and 18.2 million shares at December 31, 2024 (1,768.9) (1,581.2)
Total stockholders’ equity 2,726.1 2,102.6
Total liabilities and stockholders’ equity $ 7,500.0 $ 6,484.5