v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
CURRENT ASSETS:    
Cash and cash equivalents $ 351,551 $ 388,570
Restricted cash 0 731,206
Investments—short-term 160,311 199,645
Receivables, net 407,630 334,025
Inventory 336,703 196,625
Prepaid expenses and other current assets 102,449 79,090
Total current assets 1,358,644 1,929,161
PROPERTY, PLANT AND EQUIPMENT, NET 220,587 221,722
INVESTMENTS—LONG-TERM 26,363 145
RIGHT-OF-USE ASSETS 78,248 77,209
INTANGIBLE ASSETS, NET 1,784,040 815
GOODWILL 596,029 83,027
DEFERRED TAX ASSETS 134,808 125,815
OTHER ASSETS 59,357 49,099
TOTAL ASSETS 4,258,076 2,486,993
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 292,579 289,565
Accrued sales discounts, allowances and reserves 272,843 247,126
Operating lease liabilities—short-term 7,577 6,746
Current portion of long-term debt 26,500 0
Total current liabilities 599,499 543,437
OPERATING LEASE LIABILITIES—LONG-TERM 63,746 63,253
CONTINGENT CONSIDERATION 109,494 0
LONG-TERM DEBT 1,483,837 0
DEFERRED TAX LIABILITIES 181,920 0
OTHER LONG-TERM LIABILITIES 68,049 61,008
Total liabilities 2,506,545 667,698
COMMITMENTS AND CONTINGENT LIABILITIES (Note 18)
SHAREHOLDERS’ EQUITY:    
Preferred shares, par value, $0.01 per share: 50,000,000 shares authorized; and zero issued and outstanding at March 31, 2026 and December 31, 2025, respectively.
Ordinary shares, par value, $0.01 per share; 450,000,000 shares authorized; 183,592,868 and 181,011,166 shares issued; and 166,462,299 and 165,607,028 shares outstanding at March 31, 2026 and December 31, 2025, respectively 1,836 1,810
Treasury shares, at cost (17,130,569 and 15,404,138 shares at March 31, 2026 and December 31, 2025, respectively) (501,425) (450,287)
Additional paid-in capital 3,055,302 3,004,666
Accumulated other comprehensive loss (2,908) (2,100)
Accumulated deficit (801,274) (734,794)
Total shareholders’ equity 1,751,531 1,819,295
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 4,258,076 $ 2,486,993