XML 24 R9.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 1,702.6 $ 1,303.1
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 26.6 31.1
Stock-based compensation 178.2 156.5
Deferred income taxes (337.9) (228.5)
Other (21.0) (18.5)
Changes in operating assets and liabilities:    
Accounts receivable, net (483.1) (202.2)
Inventories (224.5) 91.4
Other assets (403.2) (92.6)
Accounts payable 160.0 (136.2)
Deferred revenue 1,141.4 612.6
Income taxes, net 152.4 74.1
Other liabilities (49.7) (88.0)
Net cash provided by operating activities 1,841.8 1,502.8
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities of marketable securities 1,651.2 952.6
Proceeds from sale of marketable securities 15.9 36.8
Purchases of marketable securities (2,705.7) (1,749.3)
Purchases of property and equipment (52.4) (12.6)
Cash paid for business combinations, net of cash acquired (300.0) 0.0
Other 0.0 (1.0)
Net cash used in investing activities (1,391.0) (773.5)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock under equity plans 31.3 34.5
Tax withholding paid on behalf of employees for net share settlement (39.3) (36.0)
Repurchases of common stock (983.0) (234.7)
Net cash used in financing activities (991.0) (236.2)
Effect of exchange rate changes 3.3 (2.7)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (536.9) 490.4
CASH, CASH EQUIVALENTS AND RESTRICTED CASH —Beginning of period 2,763.8 1,939.5
CASH, CASH EQUIVALENTS AND RESTRICTED CASH —End of period $ 2,226.9 $ 2,429.9