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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income (loss) $ 390.1 $ 164.5
Adjustments to reconcile net income (loss) to net cash used for operating activities:    
Depreciation 27.5 22.9
Amortization 80.2 48.7
Deferred income taxes (28.2) 33.3
Amortization of debt discount and issuance costs 1.6 2.2
Stock-based compensation 17.0 11.2
Changes in operating working capital 227.8 (4.8)
Change in fair value of contingent consideration 33.2 0.0
Other 17.6 25.3
Net cash provided by (used for) operating activities 766.8 303.3
Cash flows from investing activities:    
Capital expenditures (112.6) (36.5)
Investments in capitalized software (1.4) (2.3)
Purchase of short-term investments (348.4) 0.0
Proceeds from maturities of short-term investments 100.0 0.0
Investments in affiliates (13.9) 0.0
Acquisition of businesses, net of cash acquired (0.4) 0.0
Net cash provided by (used for) investing activities (376.7) (38.8)
Cash flows from financing activities:    
Proceeds from the issuance of long-term debt 2,100.0 0.0
Repayment of long-term debt (2,076.1) (5.3)
Dividend payment (23.9) (14.2)
Exercise of employee stock options 23.5 1.3
Employee taxes paid from shares withheld (11.6) (6.7)
Net cash provided by (used for) financing activities 11.9 (24.9)
Effect of exchange rate changes on cash and cash equivalents (0.6) 4.3
Increase (decrease) in cash, cash equivalents and restricted cash 401.4 243.9
Beginning cash, cash equivalents and restricted cash 1,789.8 1,232.2
Ending cash, cash equivalents and restricted cash 2,191.2 1,476.1
Changes in operating working capital    
Accounts receivable (57.7) 81.6
Inventories (384.2) (128.6)
Other current assets (88.5) (29.5)
Accounts payable 202.8 86.5
Deferred revenue 651.2 23.4
Accrued expenses and other liabilities (95.4) (79.6)
Income taxes (0.4) 41.4
Total changes in operating working capital $ 227.8 $ (4.8)