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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 1,845.1 $ 2,762.4
Marketable securities 6,304.5 5,541.1
Accounts receivable, net 1,435.9 1,140.5
Inventories 1,957.3 1,834.6
Prepaid expenses and other current assets 733.5 632.3
Total current assets 12,276.3 11,910.9
Property and equipment, net 123.9 98.8
Acquisition-related intangible assets, net 56.4 62.0
Goodwill 268.5 268.5
Deferred tax assets 1,544.3 1,440.4
Other assets 245.2 263.3
TOTAL ASSETS 14,514.6 14,043.9
CURRENT LIABILITIES:    
Accounts payable 389.1 381.1
Accrued liabilities 263.1 435.3
Deferred revenue 2,072.7 1,727.3
Income taxes payable 249.1 50.1
Other current liabilities 147.6 138.4
Total current liabilities 3,121.6 2,732.2
Deferred revenue, non-current 1,016.1 1,064.1
Other long-term liabilities 257.8 252.8
TOTAL LIABILITIES 4,395.5 4,049.1
Commitments and Contingencies (Note 5)
STOCKHOLDERS’ EQUITY:    
Preferred stock, $0.0001 par value—100 shares authorized and no shares issued and outstanding as of March 31, 2025 and December 31, 2024 0.0 0.0
Common stock, $0.0001 par value—4,000 shares authorized as of March 31, 2025 and December 31, 2024; 1,256.6 and 1,261.3 shares issued and outstanding as of March 31, 2025 and December 31, 2024 0.1 0.1
Additional paid-in capital 2,551.7 2,465.4
Retained earnings 7,569.2 7,542.5
Accumulated other comprehensive income (loss) (1.9) (13.2)
TOTAL STOCKHOLDERS’ EQUITY 10,119.1 9,994.8
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 14,514.6 $ 14,043.9