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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net income (loss) $ 887.2 $ 348.8
Adjustments to reconcile net income (loss) to net cash used for operating activities:    
Depreciation 70.9 60.7
Amortization 149.4 145.3
Deferred income taxes 92.2 (53.1)
Amortization of debt discount and issuance costs 5.3 5.5
Change in fair value of warrant liabilities 0.0 269.2
Stock-based compensation 38.7 25.8
Changes in operating working capital (140.7) 69.2
Other 31.9 22.7
Net cash provided by (used for) operating activities 1,134.9 894.1
Cash flows from investing activities:    
Capital expenditures (126.7) (106.3)
Investments in capitalized software (4.7) (14.4)
Purchase of short-term investments (539.6) 0.0
Acquisition of businesses, net of cash acquired (221.7) 0.0
Net cash provided by (used for) investing activities (892.7) (120.7)
Cash flows from financing activities:    
Borrowings from ABL revolving credit facility and short-term borrowings 0.0 270.0
Repayments of ABL revolving credit facility and short-term borrowings 0.0 (270.0)
Repayment of long-term debt (15.7) (15.9)
Dividend payment (42.6) (28.1)
Repurchase of common stock 0.0 (599.9)
Exercise of employee stock options 22.0 25.0
Employee taxes paid from shares withheld (8.0) (21.5)
Net cash provided by (used for) financing activities (44.3) (640.4)
Effect of exchange rate changes on cash and cash equivalents 14.1 (4.2)
Increase (decrease) in cash, cash equivalents and restricted cash 212.0 128.8
Beginning cash, cash equivalents and restricted cash 1,232.2 788.6
Ending cash, cash equivalents and restricted cash 1,444.2 917.4
Changes in operating working capital    
Accounts receivable (339.8) (190.4)
Inventories (143.1) (364.8)
Other current assets (40.7) (47.1)
Accounts payable 362.1 258.9
Deferred revenue 49.4 371.7
Accrued expenses and other liabilities 45.2 17.2
Income taxes (73.8) 23.7
Total changes in operating working capital $ (140.7) $ 69.2