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Balance Sheet Components | 12 Months Ended
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Dec. 31, 2025
Balance Sheet Related Disclosures [Abstract] |
Balance Sheet Components | Balance Sheet Components Inventories consist of the following (in thousands):
|  | December 31,
|  | 2025 |  | 2024
Raw materials |  | $ | 107,296 |  |  | $ | 124,377 |
Work in process |  | 65,679 |  |  | 73,660 |
Finished goods |  | 53,368 |  |  | 56,250 |
Total inventories |  | $ | 226,343 |  |  | $ | 254,287 |
During the year ended December 31, 2025, we recognized an impairment loss on inventory of $14.9 million to adjust our inventory balance to its net realizable value. This loss was recorded in Cost of net revenues in our Consolidated Statements of Operations. Prepaid expenses and other current assets consist of the following (in thousands):
|  | December 31,
|  | 2025 |  | 2024
Value added tax receivables 1 |  | $ | 55,819 |  |  | $ | 34,028 |
Prepaid expenses |  | 62,478 |  |  | 82,978 |
Other current assets |  | 47,274 |  |  | 81,576 |
Total prepaid expenses and other current assets |  | $ | 165,571 |  |  | $ | 198,582 |
1 Refer to Note 9 “Commitments and Contingencies” of the Notes to Consolidated Financial Statements for discussion of tax matter. Property, plant and equipment, net consist of the following (in thousands):
|  |  |  | December 31,
|  | Generally Used Estimated Useful Life |  | 2025 |  | 2024
Clinical and manufacturing equipment |  | Up to 13 years |  | $ | 848,473 |  |  | $ | 871,827 |
Building |  | 20 years |  | 524,608 |  |  | 529,716 |
Leasehold improvements |  | Lease term 1 |  | 67,402 |  |  | 62,172 |
Computer software and hardware |  | 3 years |  | 120,608 |  |  | 135,756 |
Land |  | — |  | 57,868 |  |  | 63,875 |
Furniture, fixtures and other |  | 2-5 years |  | 151,874 |  |  | 135,816 |
Construction in progress |  | — |  | 127,944 |  |  | 133,684 |
Total |  |  |  | 1,898,777 |  |  | 1,932,846 |
Less: Accumulated depreciation and impairment charges |  |  |  | (767,324) |  |  | (661,712) |
Total property, plant and equipment, net |  |  |  | $ | 1,131,453 |  |  | $ | 1,271,134 |
1 Shorter of the remaining lease term or the estimated useful lives of the assets. Depreciation was $218.6 million, $126.2 million and $126.0 million for the years ended December 31, 2025, 2024 and 2023, respectively. Depreciation expense in 2025 includes $76.9 million of accelerated depreciation, as discussed in Note 1 “Summary of Significant Accounting Policies." Accrued liabilities consist of the following (in thousands):
|  | December 31,
|  | 2025 |  | 2024
Accrued payroll and benefits |  | $ | 226,149 |  |  | $ | 248,003 |
Accrued expenses |  | 61,049 |  |  | 66,391 |
Accrued income taxes |  | 44,049 |  |  | 48,808 |
Current operating lease liabilities |  | 31,939 |  |  | 31,063 |
Accrued sales and marketing expenses |  | 29,941 |  |  | 37,617 |
Accrued property, plant and equipment |  | 10,469 |  |  | 13,462 |
Other accrued liabilities |  | 133,153 |  |  | 152,844 |
Total accrued liabilities |  | $ | 536,749 |  |  | $ | 598,188 |
Accrued warranty, which is included in the “Other accrued liabilities” category of the Total accrued liabilities table above, consists of the following activity (in thousands):
Balance as of December 31, 2023 |  | $ | 22,426 |
Charged to cost of net revenues |  | 21,962 |
Actual warranty expenditures |  | (13,177) |
Balance as of December 31, 2024 |  | 31,211 |
Charged to cost of net revenues |  | 5,333 |
Actual warranty expenditures |  | (12,133) |
Balance as of December 31, 2025 |  | $ | 24,411 |
Deferred revenues consist of the following (in thousands):
|  | December 31,
|  | 2025 |  | 2024
Deferred revenues - current |  | $ | 1,261,816 |  |  | $ | 1,331,146 |
Deferred revenues - long-term 1 |  | 85,543 |  |  | 102,164 |
1 Included in Other long-term liabilities within our Consolidated Balance Sheets. During the years ended December 31, 2025 and 2024, we recognized $4,035.0 million and $3,999.0 million of net revenues, respectively, of which $840.5 million and $819.0 million was included in the deferred revenues balance at December 31, 2024 and 2023, respectively.

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- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/210/tableOfContent + Details
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