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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 399,806 $ 291,146
Investments—short-term 484,211 460,522
Receivables, net 318,703 384,528
Inventory 183,438 182,887
Prepaid expenses and other current assets 89,843 91,282
Contract assets 3,049 4,990
Total current assets 1,479,050 1,415,355
PROPERTY, PLANT AND EQUIPMENT, NET 233,920 227,564
INVESTMENTS—LONG-TERM 32,189 73,148
RIGHT-OF-USE ASSETS 82,406 84,245
INTANGIBLE ASSETS, NET AND GOODWILL 83,899 83,917
DEFERRED TAX ASSETS 152,144 154,835
OTHER ASSETS 18,369 16,503
TOTAL ASSETS 2,081,977 2,055,567
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 186,035 185,332
Accrued sales discounts, allowances and reserves 249,795 272,452
Operating lease liabilities—short-term 6,291 6,166
Contract liabilities—short-term 1,609 1,249
Total current liabilities 443,730 465,199
OPERATING LEASE LIABILITIES—LONG-TERM 67,811 69,372
OTHER LONG-TERM LIABILITIES 58,853 56,019
Total liabilities 570,394 590,590
COMMITMENTS AND CONTINGENT LIABILITIES (Note 16)
SHAREHOLDERS’ EQUITY:    
Preferred shares, par value, $0.01 per share; 50,000,000 shares authorized; and zero issued and outstanding at March 31, 2025 and December 31, 2024
Ordinary shares, par value, $0.01 per share; 450,000,000 shares authorized; 180,181,396 and 176,670,785 shares issued; and 164,853,015 and 162,176,994 shares outstanding at March 31, 2025 and December 31, 2024, respectively 1,802 1,767
Treasury shares, at cost (15,328,381 and 14,493,791 shares at March 31, 2025 and December 31, 2024, respectively) (448,036) (419,255)
Additional paid-in capital 2,913,266 2,860,890
Accumulated other comprehensive loss (1,455) (1,967)
Accumulated deficit (953,994) (976,458)
Total shareholders’ equity 1,511,583 1,464,977
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 2,081,977 $ 2,055,567