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Financial Statements Details (Tables)
12 Months Ended
Dec. 31, 2025
Balance Sheet Components [Abstract]  
Schedule of Inventories
Inventories consist of the following (in millions):
December 31,
20252024
Raw materials $611.2 $565.4 
Finished goods(1)
1,635.9 1,269.2 
Total inventories $2,247.1 $1,834.6 
(1) The balance includes evaluation inventory totaling $403.7 million and $422.1 million as of December 31, 2025 and December 31, 2024, respectively.
Schedule of Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consist of the following (in millions):
December 31,
20252024
Deferred cost of goods sold(1)
$1,197.0 $291.3 
Other prepaid expenses and deposits313.0 341.0 
Total prepaid expenses and other current assets$1,510.0 $632.3 
(1) The increase in 2025 was driven by a corresponding increase in deferred product revenue.
Schedule of Property and Equipment, net
Property and equipment, net consists of the following (in millions):
 December 31,
20252024
Land$47.3 $47.2 
Equipment and machinery 188.3 160.7 
Computer hardware and software 66.2 63.9 
Furniture and fixtures 3.7 3.5 
Leasehold improvements 38.4 34.7 
Construction-in-process 107.9 8.2 
Property and equipment, gross 451.8 318.2 
Less: accumulated depreciation (248.7)(219.4)
Property and equipment, net $203.1 $98.8 
Schedule of Contract Liabilities and Deferred Revenue The following table summarizes the activity related to our contract liabilities (in millions):
Year Ended December 31,
20252024
Contract liabilities, beginning balance$160.8 $133.2 
Less: Revenue recognized from beginning balance(63.1)(58.3)
Add: Contract liabilities recognized152.4 85.9 
Contract liabilities, ending balance$250.1 $160.8 
The following table summarizes the activity related to our deferred revenue (in millions):
Year Ended December 31,
20252024
Deferred revenue, beginning balance$2,791.4 $1,506.2 
Less: Revenue recognized from beginning balance(1,691.5)(860.2)
Add: Deferral of revenue in current period, excluding amounts recognized during the period4,272.5 2,145.4 
Deferred revenue, ending balance$5,372.4 $2,791.4 
Schedule of Other Income, Net
Other income, net consists of the following (in millions):
Year Ended December 31,
202520242023
Other income (expense), net:
Interest income$383.4 $311.0 $152.4 
Other income (expense)10.2 9.5 12.3 
Total other income, net$393.6 $320.5 $164.7