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 $ 2,235.8 $ 1,702.6
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 46.7 26.6
Stock-based compensation 241.3 178.2
Deferred income taxes (213.1) (337.9)
Other (10.6) (21.0)
Changes in operating assets and liabilities:    
Accounts receivable, net (379.3) (483.1)
Inventories (288.2) (224.5)
Other assets (619.7) (403.2)
Accounts payable 40.9 160.0
Deferred revenue 1,493.5 1,141.4
Income taxes, net 198.4 152.4
Other liabilities 30.8 (49.7)
Net cash provided by operating activities 2,776.5 1,841.8
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities of marketable securities 1,508.6 1,651.2
Proceeds from sale of marketable securities 494.4 15.9
Purchases of marketable securities (4,328.9) (2,705.7)
Purchases of property and equipment (84.2) (52.4)
Cash paid for business combinations, net of cash acquired 0.0 (300.0)
Other (35.0) 0.0
Net cash used in investing activities (2,445.1) (1,391.0)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock under equity plans 33.4 31.3
Tax withholding paid on behalf of employees for net share settlement (31.2) (39.3)
Repurchases of common stock 0.0 (983.0)
Other (3.7) 0.0
Net cash used in financing activities (1.5) (991.0)
Effect of exchange rate changes (3.6) 3.3
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 326.3 (536.9)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH —Beginning of period 1,965.3 2,763.8
CASH, CASH EQUIVALENTS AND RESTRICTED CASH —End of period $ 2,291.6 $ 2,226.9