v3.26.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Operating activities    
Net income $ 723.7 $ 569.0
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 209.8 186.6
Share-based compensation 119.1 124.6
Non-cash interest expense 3.1 5.6
Deferred income taxes (0.9) 103.3
Net (gains) losses on equity investments 10.0 (78.1)
Other non-cash income and expenses 6.8 (18.7)
Changes in operating assets and liabilities:    
Accounts receivable, net 22.7 (95.7)
Inventory (146.8) (45.9)
Prepaid and other assets 51.0 (7.9)
Operating lease right-of-use assets and liabilities, net (3.1) (4.5)
Accounts payable and accrued liabilities 144.4 357.1
Accrued payroll and related expenses (8.4) 56.6
Deferred revenue and other liabilities (11.0) (5.3)
Net cash provided by operating activities 1,120.4 1,146.7
Investing activities    
Purchases of marketable securities (941.4) (1,246.6)
Proceeds from sale and maturity of marketable securities 1,160.9 1,755.1
Purchases of property and equipment (214.2) (261.6)
Acquisitions, net of cash acquired (41.2) 0.0
Purchases of non-marketable equity securities (9.5) (18.0)
Other investing activities 0.0 0.5
Net cash provided by (used in) investing activities (45.4) 229.4
Financing activities    
Net proceeds from issuance of common stock 24.7 28.1
Purchases of treasury stock (1,003.6) (187.2)
Payments for taxes related to net share settlement of equity awards (39.2) 0.0
Other financing activities (5.7) (5.1)
Net cash used in financing activities (1,023.8) (164.2)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (8.8) 17.7
Increase in cash, cash equivalents and restricted cash 42.4 1,229.6
Cash, cash equivalents and restricted cash, beginning of period 919.1 607.3
Cash, cash equivalents and restricted cash, end of period 961.5 1,836.9
Reconciliation of cash, cash equivalents and restricted cash, end of period:    
Cash and cash equivalents 961.4 1,835.7
Restricted cash 0.1 1.2
Total cash, cash equivalents and restricted cash 961.5 1,836.9
Supplemental disclosure of non-cash investing and financing transactions:    
Acquisition of property and equipment included in accounts payable and accrued liabilities 41.1 46.4
Right-of-use assets obtained in exchange for operating lease liabilities 20.7 2.7
Right-of-use assets obtained in exchange for finance lease liabilities $ 2.9 $ 1.4