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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 1,163.5 $ 961.2
Marketable investments 1,699.9 1,877.5
Accounts receivable, no allowance for 2023 and 2022 134.5 220.4
Inventories, net 102.5 102.0
Other current assets 92.6 219.2
Total current assets 3,193.0 3,380.3
Marketable investments 1,765.6 1,316.2
Goodwill and other intangible assets, net 44.5 44.5
Property, plant, and equipment, net 896.5 861.5
Deferred tax assets, net 321.9 327.7
Other non-current assets 124.5 114.3
Total assets 6,346.0 6,044.5
Current liabilities:    
Accounts payable and accrued expenses 239.7 229.9
Share tracking awards plan 46.3 80.8
Other current liabilities 38.6 32.5
Total current liabilities 324.6 343.2
Line of credit 800.0 800.0
Other non-current liabilities 98.2 104.6
Total liabilities 1,222.8 1,247.8
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, par value $.01, 10,000,000 shares authorized, no shares issued 0.0 0.0
Common stock, par value $.01, 245,000,000 shares authorized, 73,317,754 and 72,651,280 shares issued, and 46,698,538 and 46,032,064 shares outstanding as of March 31, 2023 and December 31, 2022, respectively 0.7 0.7
Additional paid-in capital 2,457.3 2,388.4
Accumulated other comprehensive loss (38.8) (55.5)
Treasury stock, 26,619,216 shares as of March 31, 2023 and December 31, 2022 (2,579.2) (2,579.2)
Retained earnings 5,283.2 5,042.3
Total stockholders’ equity 5,123.2 4,796.7
Total liabilities and stockholders’ equity $ 6,346.0 $ 6,044.5