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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Total revenue $ 1,697.1 $ 1,305.3 $ 1,098.8
Cost of revenue 537.2 499.7 346.7
Gross profit 1,159.9 805.6 752.1
Research and development expenses 205.0 180.2 160.1
Selling, general and administrative expenses 734.9 587.8 466.0
Operating income 220.0 37.6 126.0
Interest expense (36.2) (36.0) (61.7)
Interest income 28.6 9.3 0.5
Loss on extinguishment of debt 0.0 0.0 (42.4)
Other income (expense), net 2.2 (1.1) (1.9)
Income before income taxes 214.6 9.8 20.5
Income tax expense (8.3) (5.2) (3.7)
Net income $ 206.3 $ 4.6 $ 16.8
Net income per share:      
Basic (in dollars per share) $ 2.96 $ 0.07 $ 0.25
Diluted (in dollars per share) $ 2.94 $ 0.07 $ 0.24
Weighted-average number of common shares outstanding (in thousands):      
Basic (in shares) 69,751 69,375 67,698
Diluted (in shares) 73,633 69,910 68,579
Nonrelated Party      
Total revenue $ 1,223.4 $ 1,055.4 $ 1,040.6
Related Party      
Total revenue $ 473.7 $ 249.9 $ 58.2