v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS:    
Cash and cash equivalents $ 2,934.9 $ 2,495.3
Short-term investments 1,134.7 1,087.2
Accounts receivable—net 1,455.6 1,691.2
Inventory 426.3 399.5
Prepaid expenses and other current assets 256.8 227.0
Total current assets 6,208.3 5,900.2
LONG-TERM INVESTMENTS 399.1 339.7
PROPERTY AND EQUIPMENT—NET 1,699.5 1,619.0
DEFERRED CONTRACT COSTS 785.1 735.5
DEFERRED TAX ASSETS 1,319.4 1,314.9
GOODWILL 257.4 257.4
OTHER INTANGIBLE ASSETS—NET 77.1 97.3
OTHER ASSETS 113.3 125.2
TOTAL ASSETS 10,859.2 10,389.2
CURRENT LIABILITIES:    
Accounts payable 282.5 230.8
Accrued liabilities 393.7 354.6
Accrued payroll and compensation 322.8 312.9
Current portion of long-term debt 0.0 499.7
Deferred revenue 3,841.8 3,636.0
Total current liabilities 4,840.8 5,034.0
DEFERRED REVENUE 3,833.9 3,479.8
LONG-TERM DEBT 496.9 496.6
OTHER LIABILITIES 136.5 141.3
Total liabilities 9,308.1 9,151.7
COMMITMENTS AND CONTINGENCIES (NOTE 10)
STOCKHOLDERS’ EQUITY:    
Common stock, $0.001 par value—1,500.0 shares authorized; 733.6 and 743.0 shares issued and outstanding on June 30, 2026 and December 31, 2025, respectively 0.7 0.7
Additional paid-in capital 1,895.9 1,770.1
Accumulated other comprehensive loss (28.8) (25.4)
Accumulated deficit (316.7) (507.9)
Total stockholders’ equity 1,551.1 1,237.5
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 10,859.2 $ 10,389.2