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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 1,224.3 $ 1,068.1
Short-term investments 160.3 139.4
Accounts receivable, net of allowance for credit losses of $5.8 and $9.8 as of December 31, 2024 and 2023, respectively 1,163.3 1,044.1
Inventory 830.1 952.4
Prepaid expenses and other current assets 467.6 591.5
Total current assets 3,845.6 3,795.5
Property and equipment, net 680.2 689.9
Operating lease assets 160.2 111.4
Long-term investments 385.4 116.8
Purchased intangible assets, net 42.6 91.8
Goodwill 3,734.3 3,734.4
Other long-term assets 1,159.7 978.7
Total assets 10,008.0 9,518.5
Current liabilities:    
Accounts payable 256.5 295.1
Accrued compensation 357.8 292.2
Deferred revenue 1,228.4 1,130.0
Short-term portion of long-term debt 399.4 0.0
Other accrued liabilities 399.9 386.7
Total current liabilities 2,642.0 2,104.0
Long-term debt 1,215.7 1,616.8
Long-term deferred revenue 1,013.6 894.9
Long-term income taxes payable 83.5 204.5
Long-term operating lease liabilities 135.5 82.9
Other long-term liabilities 133.5 122.7
Total liabilities 5,223.8 5,025.8
Commitments and contingencies (Note 14)
Stockholders' equity:    
Preferred stock, $0.00001 par value; 10.0 shares authorized; none issued and outstanding 0.0 0.0
Common stock, $0.00001 par value; 1,000.0 shares authorized; 332.6 shares and 320.3 shares issued and outstanding as of December 31, 2024 and 2023, respectively 0.0 0.0
Additional paid-in capital 6,810.2 6,740.0
Accumulated other comprehensive income (5.6) 49.1
Accumulated deficit (2,020.4) (2,296.4)
Total stockholders' equity 4,784.2 4,492.7
Total liabilities and stockholders' equity $ 10,008.0 $ 9,518.5