v3.25.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 1,159.0 $ 606.1
Short-term marketable securities 1,770.3 1,973.3
Accounts receivable, net 1,348.8 1,005.7
Inventory 570.7 542.6
Prepaid and other current assets 181.4 173.7
Total current assets 5,030.2 4,301.4
Property and equipment, net 1,457.3 1,339.9
Operating lease right-of-use assets 56.4 62.8
Goodwill 24.1 22.8
Intangibles, net 87.2 103.4
Deferred tax assets 496.3 481.2
Other assets 175.5 173.0
Total assets 7,327.0 6,484.5
Current liabilities:    
Accounts payable and accrued liabilities 1,943.8 1,585.1
Accrued payroll and related expenses 129.3 112.0
Current portion of long-term senior convertible notes 1,206.1 1,204.4
Short-term operating lease liabilities 23.4 22.5
Deferred revenue 6.1 8.0
Total current liabilities 3,308.7 2,932.0
Long-term senior convertible notes 1,238.9 1,237.0
Long-term operating lease liabilities 54.7 65.0
Other long-term liabilities 151.6 147.9
Total liabilities 4,753.9 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 June 30, 2025 and December 31, 2024 0.0 0.0
Common stock, $0.001 par value, 800.0 million shares authorized; 410.4 million and 392.2 million shares issued and outstanding, respectively, at June 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 2,187.5 2,093.8
Accumulated other comprehensive income (loss) 83.6 (8.0)
Retained earnings 1,882.8 1,597.6
Treasury stock, at cost; 18.2 million shares at June 30, 2025 and December 31, 2024 (1,581.2) (1,581.2)
Total stockholders’ equity 2,573.1 2,102.6
Total liabilities and stockholders’ equity $ 7,327.0 $ 6,484.5