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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities    
Net income (loss) $ 103.0 $ (12.4)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 54.0 47.0
Stock-based compensation expense 35.7 29.7
Non-cash interest expense 4.6 4.3
Provision for credit losses 2.1 3.1
Other (0.2) 1.1
Changes in operating assets and liabilities:    
Accounts receivable (52.1) (28.3)
Accounts receivable — related party (15.2) (22.5)
Inventories (65.3) (34.5)
Prepaid expenses and other assets (24.5) (32.1)
Accounts payable 41.5 23.3
Net cash provided by operating activities 100.5 68.3
Cash flows from investing activities    
Capital expenditures (46.3) (58.5)
Investments in developed software (6.2) (10.4)
Acquisition of intangible assets (25.1) 0.0
Acquisition of a business (3.0) (26.0)
Cash paid for investments (7.2) (7.8)
Net cash used in investing activities (87.8) (102.7)
Cash flows from financing activities    
Repayment of equipment financings (14.8) (13.0)
Repayment of term loan (3.8) (3.7)
Repayment of mortgage (1.7) (1.6)
Proceeds from exercise of stock options 12.4 4.3
Proceeds from issuance of common stock under employee stock purchase plan 5.5 4.9
Payment of withholding taxes in connection with vesting of restricted stock units (13.1) (16.7)
Other (0.3) 0.0
Net cash used in financing activities (15.8) (25.8)
Effect of exchange rate changes on cash (1.2) (9.1)
Net decrease in cash, cash equivalents and restricted cash (4.3) (69.3)
Cash, cash equivalents and restricted cash at beginning of period (Note 3) 689.7 806.4
Cash, cash equivalents and restricted cash at end of period (Note 3) 685.4 737.1
Supplemental noncash information:    
Purchases of property and equipment included in accounts payable and accrued expenses 7.8 6.0
Purchases of property, plant and equipment included in long-term debt 12.9 0.0
Purchases of developed software included in accounts payable and accrued expenses 0.7 0.8
Operating lease liabilities arising from obtaining right-of-use assets 5.1 12.1
Finance lease liability arising from obtaining right-of-use assets 21.8 0.0
Nonrelated Party    
Changes in operating assets and liabilities:    
Accrued expenses and other liabilities 16.2 87.8
Related Party    
Changes in operating assets and liabilities:    
Accrued expenses and other liabilities $ 0.7 $ 1.8