v3.25.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 713.0 $ 233.0
Available-for-sale debt securities 767.4 843.1
Accounts receivable 686.8 479.1
Inventory 69.0 57.4
Prepaid expenses 170.7 48.5
Other current assets 115.8 63.6
Total current assets 2,522.7 1,724.7
Deferred tax assets 320.3 485.7
Available-for-sale debt securities 1,063.0 739.5
Right-of-use assets 455.4 509.4
Equity investments 120.8 124.8
Property and equipment, net 89.8 82.6
Other noncurrent assets 59.5 52.0
Total assets 4,631.5 3,718.7
Current liabilities:    
Accounts payable and accrued liabilities 674.3 461.6
Other current liabilities 69.1 46.1
Total current liabilities 743.4 507.7
Noncurrent operating lease liabilities 415.3 455.1
Other noncurrent liabilities 219.7 166.2
Total liabilities 1,378.4 1,129.0
Stockholders’ equity:    
Preferred stock, $0.001 par value; 5.0 shares authorized; no shares issued and outstanding 0.0 0.0
Common stock, $0.001 par value; 220.0 shares authorized; 100.1 and 99.4 shares issued and outstanding, respectively 0.1 0.1
Additional paid-in capital 2,792.2 2,554.6
Accumulated other comprehensive income 13.1 5.8
Retained earnings 447.7 29.2
Total stockholders’ equity 3,253.1 2,589.7
Total liabilities and stockholders’ equity $ 4,631.5 $ 3,718.7