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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 5,215.9 $ 4,968.0
Accounts receivable 213.2 166.1
Less: Allowance for credit losses (23.2) (12.2)
Accounts receivable, net 190.0 153.9
Prepaid expenses and other current assets 70.2 64.0
Total current assets 5,476.1 5,185.9
Deferred income taxes, net 4.3 9.7
Property and equipment, net 472.2 321.3
Lease right-of-use assets 79.8 80.4
Goodwill 2,386.2 2,314.8
Intangible assets, net 313.7 329.3
Deferred commission costs, net 167.7 142.5
Deposits and other assets 17.7 16.6
Income tax receivable 2.0 2.0
Total assets 8,919.7 8,402.5
Current liabilities:    
Accounts payable 23.1 28.6
Accrued wages and commissions 117.8 105.0
Accrued expenses 163.0 89.1
Income taxes payable 7.7 10.4
Lease liabilities 40.0 36.0
Deferred revenue 104.2 103.6
Total current liabilities 455.8 372.7
Long-term debt, net 990.5 989.2
Deferred income taxes, net 36.7 76.2
Income taxes payable 18.2 14.0
Lease and other long-term liabilities 79.9 80.4
Total liabilities 1,581.1 1,532.5
Stockholders’ equity:    
Preferred stock, $0.01 par value; 2 million shares authorized; zero outstanding 0.0 0.0
Common stock, $0.01 par value; 1.2 billion shares authorized; 408.1 million and 406.7 million issued and outstanding as of December 31, 2023 and 2022, respectively 4.1 4.1
Additional paid-in capital 5,147.8 5,065.4
Accumulated other comprehensive loss (17.6) (29.1)
Retained earnings 2,204.3 1,829.6
Total stockholders’ equity 7,338.6 6,870.0
Total liabilities and stockholders’ equity $ 8,919.7 $ 8,402.5