CONDENSED CONSOLIDATED BALANCE SHEETS | |||
(In millions) | |||
(Unaudited) | |||
|
| |||
|
| First Quarter of |
| Year End |
As of | 2022 |
| 2021 |
Assets |
|
|
|
Current assets: |
|
|
|
Cash and cash equivalents | $ 357.2 |
| $ 325.7 |
Accounts receivable, net | 655.7 |
| 624.8 |
Inventories | 401.0 |
| 363.3 |
Other current assets | 151.6 |
| 136.8 |
Total current assets | 1,565.5 |
| 1,450.6 |
Property and equipment, net | 235.0 |
| 233.2 |
Operating lease right-of-use assets | 146.9 |
| 141.0 |
Goodwill | 3,971.0 |
| 3,981.5 |
Other purchased intangible assets, net | 468.7 |
| 506.6 |
Deferred income tax assets | 494.9 |
| 502.0 |
Other non-current assets | 295.4 |
| 284.7 |
Total assets | $ 7,177.4 |
| $ 7,099.6 |
Liabilities and Stockholders' Equity |
|
|
|
Current liabilities: |
|
|
|
Accounts payable | $ 213.3 |
| $ 207.3 |
Accrued compensation and benefits | 144.6 |
| 231.0 |
Deferred revenue | 622.7 |
| 548.8 |
Other current liabilities | 266.4 |
| 201.5 |
Total current liabilities | 1,247.0 |
| 1,188.6 |
Long-term debt | 1,293.7 |
| 1,293.2 |
Deferred revenue, non-current | 81.2 |
| 83.0 |
Deferred income tax liabilities | 237.6 |
| 263.1 |
Income taxes payable | 54.5 |
| 54.5 |
| Operating lease liabilities | 127.8 |
| 121.4 |
| Other non-current liabilities | 147.7 |
| 151.1 |
| Total liabilities | 3,189.5 |
| 3,154.9 |
| Stockholders' equity: |
|
|
|
| Common stock | 0.3 |
| 0.3 |
| Additional paid-in-capital | 1,981.2 |
| 1,935.6 |
| Retained earnings | 2,170.3 |
| 2,170.5 |
| Accumulated other comprehensive loss | (163.9) |
| (161.7) |
| Total stockholders' equity | 3,987.9 |
| 3,944.7 |
| Total liabilities and stockholders' equity | $ 7,177.4 |
| $ 7,099.6 |
