v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 1,022.9 $ 813.8
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 23.3 13.8
Stock-based compensation 120.9 93.0
Deferred income taxes (104.9) (107.1)
Other (3.4) (12.1)
Changes in operating assets and liabilities:    
Accounts receivable, net (36.9) (295.4)
Inventories (133.0) (122.7)
Other assets (298.7) (113.7)
Accounts payable (35.6) 6.7
Deferred revenue 826.2 297.4
Income taxes, net 352.9 241.3
Other liabilities (40.2) (173.3)
Net cash provided by operating activities 1,693.5 641.7
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities of marketable securities 739.9 799.2
Proceeds from sale of marketable securities 376.9 8.8
Purchases of marketable securities (1,932.6) (1,545.5)
Purchases of property and equipment (54.5) (28.4)
Other 5.0 0.0
Net cash used in investing activities (865.3) (765.9)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock under equity plans 29.9 28.1
Tax withholding paid on behalf of employees for net share settlement (26.2) (34.8)
Repurchases of common stock 0.0 (787.1)
Other (3.7) 0.0
Net cash used in financing activities 0.0 (793.8)
Effect of exchange rate changes (2.6) 0.7
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 825.6 (917.3)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH —Beginning of period 1,965.3 2,763.8
CASH, CASH EQUIVALENTS AND RESTRICTED CASH —End of period $ 2,790.9 $ 1,846.5