v3.25.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 1,391,899 $ 2,412,864
Investments 1,050,000 580,000
Accounts receivable, net of allowances of $17,294 and $32,691 at December 31, 2025 and 2024, respectively 830,747 716,765
Inventories 416,962 480,445
Prepaid expenses 152,481 177,411
Other current assets 323,954 261,543
Total current assets 4,166,043 4,629,028
Property, plant and equipment, net 199,857 173,413
Operating lease assets 58,880 53,582
Intangible assets, net 4,429,510 4,755,695
Goodwill 1,829,340 1,716,323
Deferred tax assets, net 869,130 560,245
Deferred financing costs 7,550 9,489
Other non-current assets 99,030 114,482
Total assets 11,659,340 12,012,257
Current liabilities:    
Accounts payable 122,061 77,869
Accrued liabilities 1,034,170 910,947
Current portion of long-term debt 1,029,903 31,000
Income taxes payable 56,387 18,757
Total current liabilities 2,242,521 1,038,573
Long-term debt, less current portion 4,328,354 6,077,640
Operating lease liabilities, less current portion 50,892 38,938
Deferred tax liabilities, net 594,470 676,736
Other non-current liabilities 124,519 86,614
Commitments and contingencies (Note 13)
Shareholders’ equity:    
Ordinary shares, nominal value $0.0001 per share; 300,000 shares authorized; 61,435 and 60,631 shares issued and outstanding at December 31, 2025 and 2024, respectively 6 6
Non-voting euro deferred shares, €0.01 par value per share; 4,000 shares authorized, issued and outstanding at both December 31, 2025 and 2024 55 55
Capital redemption reserve 473 473
Additional paid-in capital 4,240,472 3,913,542
Accumulated other comprehensive loss (568,598) (947,667)
Retained earnings 646,176 1,127,347
Total shareholders’ equity 4,318,584 4,093,756
Total liabilities and shareholders’ equity $ 11,659,340 $ 12,012,257