v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 332.4 $ 713.0
Available-for-sale debt securities 57.4 767.4
Accounts receivable 887.0 686.8
Inventory 104.2 69.0
Prepaid expenses 217.1 170.7
Other current assets 39.4 115.8
Total current assets 1,637.5 2,522.7
Noncurrent inventory 149.1 0.0
Noncurrent available-for-sale debt securities 91.9 1,063.0
Right-of-use assets 448.0 455.4
Equity investments 147.3 120.8
Property and equipment, net 90.5 89.8
Intangible assets, net 2,226.0 4.7
Goodwill 500.6 6.1
Deferred tax assets 8.9 320.3
Other noncurrent assets 59.3 48.7
Total assets 5,359.1 4,631.5
Current liabilities:    
Accounts payable and accrued liabilities 808.3 674.3
Other current liabilities 66.2 69.1
Total current liabilities 874.5 743.4
Deferred tax liabilities 91.5 0.0
Noncurrent operating lease liabilities 401.8 415.3
Other noncurrent liabilities 297.7 219.7
Total liabilities 1,665.5 1,378.4
Stockholders’ equity:    
Preferred stock, $0.001 par value; 5.0 shares authorized; no shares issued and outstanding 0.0 0.0
Common stock, $0.001 par value; 220.0 shares authorized; 101.6 and 100.1 shares issued and outstanding, respectively 0.1 0.1
Additional paid-in capital 2,964.4 2,792.2
Accumulated other comprehensive income 5.1 13.1
Retained earnings 724.0 447.7
Total stockholders’ equity 3,693.6 3,253.1
Total liabilities and stockholders’ equity $ 5,359.1 $ 4,631.5