v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Statement of Cash Flows [Abstract]    
Cash and cash equivalents at beginning of period $ 3,001,317 $ 2,644,030
Cash flows from operating activities:    
Net income 702,736 433,630
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 201,611 106,592
Stock-based compensation 285,073 225,938
Gain on divestitures and investments, net (85,817) (36,654)
Deferred income taxes 76,189 3,241
ROU asset amortization and change in operating lease liabilities 1,072 2,629
Other non-cash items 3,921 3,502
Changes in operating assets and liabilities, net of effect of acquired businesses:    
Receivables (38,326) (11,211)
Inventories (106,987) 7,528
Prepaid expenses and other 56,296 (24,201)
Other assets (20,470) 12,239
Accounts payable and accrued liabilities (255,486) 115,603
Deferred revenue 169,728 21,824
Other long-term liabilities 1,171 3,964
Net cash provided by operating activities 990,711 864,624
Cash flows from investing activities:    
Purchases of investments (39,880) (21,596)
Proceeds from the sale and maturity of investments 162,889 1,989
Proceeds from the sale of IP and other assets 0 11,500
Purchases of property, plant and equipment (101,448) (67,146)
Purchases of intangible assets (6,975) 0
Cash paid in business combinations, net of cash acquired (2,100,292) (122,146)
Net cash used for investing activities (2,085,706) (197,399)
Cash flows from financing activities:    
Proceeds from revolving credit facility 600,000 0
Payments on revolving credit facility (600,000) 0
Proceeds from issuance of common stock 88,840 78,322
Stock received for payment of employee taxes on vesting of restricted stock (140,722) (94,334)
Payments for repurchases of common stock (400,006) (525,016)
Net cash used for financing activities (451,888) (541,028)
Effect of exchange rate changes on cash and cash equivalents (13,991) 52,535
Increase (decrease) in cash and cash equivalents (1,560,874) 178,732
Cash and cash equivalents at end of period 1,440,443 2,822,762
Supplemental cash flow information:    
Cash paid for interest 63,629 55,971
Cash paid for income taxes, net $ 333,744 $ 154,807