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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net income $ 1,099.6 $ 699.8
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation expense 191.9 122.4
Depreciation and amortization expense 53.5 38.8
Deferred income taxes (158.3) (113.4)
Losses (gains) on equity securities 27.0 (6.4)
Decrease in fair value of contingent consideration (0.1) (1.9)
Other non-cash items, net (36.3) 21.7
Changes in operating assets and liabilities:    
Accounts receivable, net (251.6) (90.5)
Inventories (80.1) (82.6)
Prepaid expenses and other assets 99.2 46.2
Accounts payable 0.1 35.7
Accrued expenses 194.1 140.7
Other liabilities 167.6 89.4
Net cash provided by operating activities 1,306.6 899.9
Cash flows from investing activities:    
Purchases of available-for-sale debt securities (2,598.5) (1,816.6)
Sales and maturities of available-for-sale debt securities 710.5 50.0
Purchases of property and equipment (68.4) (42.1)
Net payments related to finite-lived intangible assets (180.0) 0.0
Investment in equity securities 0.0 (24.9)
Net cash used in investing activities (2,136.4) (1,833.6)
Cash flows from financing activities:    
Issuances of common stock under benefit plans 16.9 14.2
Repurchases of common stock (131.2) (132.8)
Payments in connection with common stock withheld for employee tax obligations (233.5) (166.6)
Payments on finance leases (13.2) (10.6)
Other financing activities 3.5 1.1
Net cash used in financing activities (357.5) (294.7)
Effect of changes in exchange rates on cash (15.6) 12.0
Net decrease in cash, cash equivalents and restricted cash (1,202.9) (1,216.4)
Cash, cash equivalents and restricted cash—beginning of period 10,372.3 10,512.0
Cash, cash equivalents and restricted cash—end of period 9,169.4 9,295.6
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 34.8 120.3
Cash paid for interest $ 10.0 $ 11.1