v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 54.1 $ 120.9 $ 49.9
Less: loss from discontinued operations, net of income tax (0.4) (0.9) (0.5)
Income from continuing operations, net of income tax 54.5 121.8 50.4
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation and amortization   32.3 31.7
Stock-based compensation 21.4 39.5 26.6
Amortization of debt issuance costs and debt discount   2.1 1.6
Loss on induced conversion of debt 31.8 31.8  
Deferred income taxes   1.4 0.5
Impairment charge on long-lived assets 0.5 0.5 1.6
Other   (0.3) (0.5)
Changes in operating assets and liabilities, net of assets acquired      
Accounts receivable, net   (79.9) (34.9)
Inventories   (128.3) (32.6)
Other assets   (20.9) (3.9)
Accounts payable   92.5 49.7
Operating lease right-of-use assets and operating lease liabilities, net   (1.5) 3.2
Other liabilities and accrued expenses   (11.0) (17.7)
Net cash from operating activities from continuing operations   80.0 75.7
Net cash from operating activities from discontinued operations   (1.0) (1.6)
Net cash from operating activities   79.0 74.1
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of long-term investments   (1.4) (1.6)
Purchases of property and equipment   (86.1) (42.0)
Net cash from investing activities   (87.5) (43.6)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Payment of debt issuance costs   (0.1) (1.9)
Dividend payments   (7.9) (7.7)
Payment of acquisition holdback     (1.5)
Purchase and retirement of common stock   (0.5) (23.7)
Net payments related to stock-based awards   (39.1) (8.0)
Proceeds from issuance of 2031 Notes, net   1,129.3  
Premiums paid for Capped Call - 2031 Notes   (69.0)  
Payments related to induced conversion - 2028 Notes   (440.5)  
Proceeds from Note Hedges and Warrants unwind - 2028 Notes 44.6 44.6  
Net cash from financing activities   616.8 (42.8)
Effect of currency translation on cash, cash equivalents and restricted cash   (1.0) 3.7
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH   607.3 (8.6)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period   791.2 722.1
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period $ 1,398.5 $ 1,398.5 $ 713.5