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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 2,412,864 $ 1,506,310
Investments 580,000 120,000
Accounts receivable, net of allowances of $32,691 and $21,136 at December 31, 2024 and 2023, respectively 716,765 705,794
Inventories 480,445 597,039
Prepaid expenses 177,411 185,476
Other current assets 261,543 320,809
Total current assets 4,629,028 3,435,428
Property, plant and equipment, net 173,413 169,646
Operating lease assets 53,582 65,340
Intangible assets, net 4,755,695 5,418,039
Goodwill 1,716,323 1,753,130
Deferred tax assets, net 560,245 477,834
Deferred financing costs 9,489 6,478
Other non-current assets 114,482 67,464
Total assets 12,012,257 11,393,359
Current liabilities:    
Accounts payable 77,869 102,750
Accrued liabilities 910,947 793,914
Current portion of long-term debt 31,000 604,954
Income taxes payable 18,757 35,074
Total current liabilities 1,038,573 1,536,692
Long-term debt, less current portion 6,077,640 5,107,988
Operating lease liabilities, less current portion 38,938 59,225
Deferred tax liabilities, net 676,736 847,706
Other non-current liabilities 86,614 104,751
Commitments and contingencies (Note 13)
Shareholders’ equity:    
Ordinary shares, nominal value $0.0001 per share; 300,000 shares authorized; 60,631 and 62,255 shares issued and outstanding at December 31, 2024 and 2023, respectively 6 6
Non-voting euro deferred shares, €0.01 par value per share; 4,000 shares authorized, issued and outstanding at both December 31, 2024 and 2023 55 55
Capital redemption reserve 473 473
Additional paid-in capital 3,913,542 3,699,954
Accumulated other comprehensive loss (947,667) (842,147)
Retained earnings 1,127,347 878,656
Total shareholders’ equity 4,093,756 3,736,997
Total liabilities and shareholders’ equity $ 12,012,257 $ 11,393,359