v3.26.3
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 236.5 $ 96.1
Less: loss from discontinued operations, net of income tax (1.1) (0.7)
Income from continuing operations, net of income tax 237.6 96.8
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 49.5 46.8
Stock-based compensation expense 58.1 41.2
Amortization of debt issuance costs and debt discount 4.3 2.4
Loss on induced conversion of debt 31.8  
Deferred income taxes 13.3  
Impairment charge on long-lived assets 0.5 1.8
Other (0.1) (3.7)
Changes in operating assets and liabilities, net of assets acquired    
Accounts receivable, net (149.1) (31.2)
Inventories (234.0) (35.4)
Other assets (17.5) (5.7)
Accounts payable 136.4 50.5
Operating lease right-of-use assets and operating lease liabilities, net (1.7) 2.5
Other liabilities and accrued expenses 16.6 (11.4)
Net cash from operating activities from continuing operations 145.7 154.6
Net cash from operating activities from discontinued operations (1.6) (1.8)
Net cash from operating activities 144.1 152.8
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of long-term investments (1.4) (2.0)
Purchases of property and equipment (117.2) (69.9)
Net cash from investing activities (118.6) (71.9)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payment of debt issuance costs (0.7) (1.9)
Dividend payments (12.0) (11.6)
Payment of acquisition holdback   (1.5)
Purchase and retirement of common stock (0.5) (23.7)
Net payments related to stock-based awards (40.6) (8.3)
Proceeds from issuance of 2031 Notes, net 1,129.3  
Premiums paid for Capped Call - 2031 Notes (69.0)  
Payments to settle 2028 Notes (440.9)  
Proceeds from Note Hedges and Warrants unwind - 2028 Notes 44.6  
Net cash from financing activities 610.2 (47.0)
Effect of currency translation on cash, cash equivalents and restricted cash (0.3) 2.6
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 635.4 36.5
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 791.2 722.1
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period $ 1,426.6 $ 758.6