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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 2,762,357 $ 1,938,606
Marketable securities 5,541,116 3,069,362
Accounts receivable, net 1,140,478 1,034,398
Inventories 1,834,572 1,945,180
Prepaid expenses and other current assets 632,292 412,518
Total current assets 11,910,815 8,400,064
Property and equipment, net 98,845 101,580
Goodwill and acquisition-related intangible assets, net 330,540 357,299
Deferred tax assets 1,440,418 945,792
Other assets 263,303 151,900
TOTAL ASSETS 14,043,921 9,956,635
CURRENT LIABILITIES:    
Accounts payable 381,083 435,059
Accrued liabilities 435,277 407,302
Deferred revenue 1,727,280 915,204
Other current liabilities 188,582 161,870
Total current liabilities 2,732,222 1,919,435
Deferred revenue, non-current 1,064,135 591,000
Other long-term liabilities 252,757 227,141
TOTAL LIABILITIES 4,049,114 2,737,576
Commitments and contingencies (Note 5)
STOCKHOLDERS’ EQUITY:    
Preferred stock, $0.0001 par value—100,000 shares authorized and no shares issued and outstanding as of December 31, 2023 and 2022 0 0
Common stock, $0.0001 par value—4,000,000 shares authorized as of December 31, 2024 and 2023; 1,261,334 and 1,248,982 shares issued and outstanding as of December 31, 2024 and 2023 [1] 126 125
Additional paid-in capital [1] 2,465,409 2,108,237
Retained earnings 7,542,460 5,114,025
Accumulated other comprehensive income (loss) (13,188) (3,328)
TOTAL STOCKHOLDERS’ EQUITY 9,994,807 7,219,059
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 14,043,921 $ 9,956,635
[1] Prior period results have been adjusted to reflect the four-for-one stock split effected in December 2024. See Note 1, Organization and Summary of Accounting Policies, for details.