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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 396.3 $ 251.1
Debt securities available-for-sale 814.3 780.5
Accounts receivable 450.7 439.3
Inventory 37.2 38.3
Other current assets 100.5 97.8
Total current assets 1,799.0 1,607.0
Deferred tax assets 378.2 362.6
Debt securities available-for-sale 700.4 687.5
Right-of-use assets 270.8 276.5
Equity security investments 163.5 161.9
Property and equipment, net 75.3 70.8
Intangible assets, net 34.3 35.5
Other noncurrent assets 50.9 49.6
Total assets 3,472.4 3,251.4
Current liabilities:    
Accounts payable and accrued liabilities 417.2 448.8
Convertible senior notes, at carrying value ($170.4 face value as of March 31, 2024 and December 31, 2023) 122.8 170.1
Convertible senior notes embedded derivative liability 136.2 0.0
Other current liabilities 36.7 35.9
Total current liabilities 712.9 654.8
Noncurrent operating lease liabilities 252.9 258.3
Other noncurrent liabilities 120.5 106.3
Total liabilities 1,086.3 1,019.4
Stockholders’ equity:    
Preferred stock, $0.001 par value; 5.0 million shares authorized; no shares issued and outstanding 0.0 0.0
Common stock, $0.001 par value; 220.0 shares authorized; 100.6 and 98.7 shares issued and outstanding, respectively 0.1 0.1
Additional paid-in capital 2,496.4 2,382.0
Accumulated other comprehensive income 3.3 7.0
Accumulated deficit (113.7) (157.1)
Total stockholders’ equity 2,386.1 2,232.0
Total liabilities and stockholders’ equity $ 3,472.4 $ 3,251.4