v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 1,140.8 $ 873.5
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation 151.8 135.2
Amortization of deferred contract costs 190.9 160.0
Depreciation and amortization 81.2 74.1
Amortization of investment discounts (9.3) (19.4)
Other (47.7) (44.8)
Changes in operating assets and liabilities, net of impact of business combinations:    
Accounts receivable—net 235.1 262.7
Inventory (38.0) (79.6)
Prepaid expenses and other current assets (0.5) (32.1)
Deferred contract costs (240.5) (202.5)
Deferred tax assets (3.6) (75.3)
Other assets (9.0) (11.7)
Accounts payable 49.7 46.8
Accrued liabilities 54.5 (9.7)
Accrued payroll and compensation 10.0 22.9
Deferred revenue 559.9 204.8
Other liabilities (4.6) 10.3
Net cash provided by operating activities 2,120.7 1,315.2
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of investments (756.0) (976.5)
Sales of investments 118.4 5.7
Maturities of investments 587.5 869.6
Purchases of property and equipment (148.6) (234.3)
Payments made in connection with business combinations, net of cash acquired 0.0 (41.6)
Other 8.4 0.1
Net cash used in investing activities (190.3) (377.0)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repurchase and retirement of common stock (972.8) (401.1)
Repayment of senior notes (500.0) 0.0
Proceeds from issuance of common stock 62.3 31.3
Taxes paid related to net share settlement of equity awards (59.1) (77.0)
Other (21.2) (0.1)
Net cash used in financing activities (1,490.8) (446.9)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 0.0 1.3
NET INCREASE IN CASH AND CASH EQUIVALENTS 439.6 492.6
CASH AND CASH EQUIVALENTS—Beginning of period 2,495.3 2,875.9
CASH AND CASH EQUIVALENTS—End of period 2,934.9 3,368.5
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Cash paid for income taxes—net 209.5 264.0
Operating lease liabilities arising from obtaining right-of-use assets 18.9 24.3
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Transfers of evaluation units and equipment from inventory to property and equipment 11.3 14.7
Liability for purchase of property and equipment 25.9 19.4
Excise tax payable on net stock repurchase $ 6.7 $ 0.8