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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 521,199 $ 291,146
Investments—short-term 494,540 460,522
Receivables, net 354,906 384,528
Inventory 191,924 182,887
Prepaid expenses and other current assets 71,295 91,282
Contract assets 1,424 4,990
Total current assets 1,635,288 1,415,355
PROPERTY, PLANT AND EQUIPMENT, NET 239,399 227,564
INVESTMENTS—LONG-TERM 38,269 73,148
RIGHT-OF-USE ASSETS 80,532 84,245
INTANGIBLE ASSETS, NET AND GOODWILL 83,880 83,917
DEFERRED TAX ASSETS 155,533 154,835
OTHER ASSETS 19,908 16,503
TOTAL ASSETS 2,252,809 2,055,567
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 245,749 185,332
Accrued sales discounts, allowances and reserves 253,173 272,452
Operating lease liabilities—short-term 6,462 6,166
Contract liabilities—short-term 578 1,249
Total current liabilities 505,962 465,199
OPERATING LEASE LIABILITIES—LONG-TERM 66,216 69,372
OTHER LONG-TERM LIABILITIES 56,047 56,019
Total liabilities 628,225 590,590
COMMITMENTS AND CONTINGENT LIABILITIES (Note 16)
SHAREHOLDERS’ EQUITY:    
Preferred shares, par value, $0.01 per share; 50,000,000 shares authorized; and zero issued and outstanding at June 30, 2025 and December 31, 2024
Ordinary shares, par value, $0.01 per share; 450,000,000 shares authorized; 180,439,750 and 176,670,785 shares issued; and 165,054,912 and 162,176,994 shares outstanding at June 30, 2025 and December 31, 2024, respectively 1,805 1,767
Treasury shares, at cost (15,384,838 and 14,493,791 shares at June 30, 2025 and December 31, 2024, respectively) (449,714) (419,255)
Additional paid-in capital 2,940,789 2,860,890
Accumulated other comprehensive loss (1,400) (1,967)
Accumulated deficit (866,896) (976,458)
Total shareholders’ equity 1,624,584 1,464,977
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 2,252,809 $ 2,055,567