10-Q Filing

MONSTER BEVERAGE CORP CIK: 865752 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001104659-17-050342`
Period End Date	20170630
Filing Date	20170809
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	mnst-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 Income Statement 52 Cash Flow Statement 80 Comprehensive Income 20

Balance Sheet 75 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.25B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.25B	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$434.77M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$777.65M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$377.58M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.18B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	624.76M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	623.20M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	566.57M	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$220.55M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$323.85M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	568.12M	shares	Point-in-time
Common stock in treasury, shares	`TreasuryStockShares`	56.63M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$448.05M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$537.08M	USD	Point-in-time
Common stock in treasury, shares	`TreasuryStockShares`	56.64M	shares	Point-in-time
TCCC Transaction receivable	`RelatedPartyTransactionDueFromToRelatedParty`	$125.00M	USD	Point-in-time
Inventories	`InventoryNet`	$190.60M	USD	Point-in-time
Inventories	`InventoryNet`	$161.97M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$32.56M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$44.40M	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$66.55M	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$6.49M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.88B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.43B	USD	Point-in-time
INVESTMENTS	`LongTermInvestments`	$48.64M	USD	Point-in-time
INVESTMENTS	`LongTermInvestments`	$2.39M	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$211.56M	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$173.34M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxAssetsNetNoncurrent`	$159.56M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxAssetsNetNoncurrent`	$158.74M	USD	Point-in-time
GOODWILL	`Goodwill`	$1.33B	USD	Point-in-time
GOODWILL	`Goodwill`	$1.33B	USD	Point-in-time
OTHER INTANGIBLE ASSETS, net	`IntangibleAssetsNetExcludingGoodwill`	$1.03B	USD	Point-in-time
OTHER INTANGIBLE ASSETS, net	`IntangibleAssetsNetExcludingGoodwill`	$1.03B	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$21.63M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$20.60M	USD	Point-in-time
Total Assets	`Assets`	$4.68B	USD	Point-in-time
Total Assets	`Assets`	$4.15B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$193.27M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$242.67M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$79.53M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$100.80M	USD	Point-in-time
Accrued promotional allowances	`AccruedPromotionalAllowancesLiabilitiesCurrent`	$110.24M	USD	Point-in-time
Accrued promotional allowances	`AccruedPromotionalAllowancesLiabilitiesCurrent`	$141.48M	USD	Point-in-time
Accrued distributor terminations	`AccruedDistributorTerminations`	$8.18M	USD	Point-in-time
Accrued distributor terminations	`AccruedDistributorTerminations`	$301.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$43.95M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$41.67M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$30.04M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$23.02M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$8.95M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$7.66M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$470.59M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$561.17M	USD	Point-in-time
DEFERRED REVENUE	`DeferredRevenueNoncurrent`	$346.94M	USD	Point-in-time
DEFERRED REVENUE	`DeferredRevenueNoncurrent`	$353.17M	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock - $0.005 par value; 1,250,000 shares authorized; 624,762 shares issued and 568,121 outstanding as of June 30, 2017; 623,201 shares issued and 566,566 outstanding as of December 31, 2016	`CommonStockValueOutstanding`	$3.12M	USD	Point-in-time
Common stock - $0.005 par value; 1,250,000 shares authorized; 624,762 shares issued and 568,121 outstanding as of June 30, 2017; 623,201 shares issued and 566,566 outstanding as of December 31, 2016	`CommonStockValueOutstanding`	$3.12M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$4.05B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$4.09B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.51B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.11B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-16.83M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-23.25M	USD	Point-in-time
Common stock in treasury, at cost; 56,641 shares and 56,635 shares as of June 30, 2017 and December 31, 2016, respectively	`TreasuryStockValue`	$2.81B	USD	Point-in-time
Common stock in treasury, at cost; 56,641 shares and 56,635 shares as of June 30, 2017 and December 31, 2016, respectively	`TreasuryStockValue`	$2.81B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.33B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.78B	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$4.68B	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$4.15B	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
NET SALES	`SalesRevenueGoodsNet`	$1.65B	USD	2 Qtrs
NET SALES	`SalesRevenueGoodsNet`	$827.49M	USD	1 Quarter
NET SALES	`SalesRevenueGoodsNet`	$1.51B	USD	2 Qtrs
NET SALES	`SalesRevenueGoodsNet`	$907.07M	USD	1 Quarter
COST OF SALES	`CostOfGoodsSold`	$323.57M	USD	1 Quarter
COST OF SALES	`CostOfGoodsSold`	$584.84M	USD	2 Qtrs
COST OF SALES	`CostOfGoodsSold`	$309.67M	USD	1 Quarter
COST OF SALES	`CostOfGoodsSold`	$566.76M	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$940.91M	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$1.06B	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$517.81M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$583.50M	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$233.46M	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$397.68M	USD	2 Qtrs
OPERATING EXPENSES	`OperatingExpenses`	$450.07M	USD	2 Qtrs
OPERATING EXPENSES	`OperatingExpenses`	$229.29M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$350.04M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$288.52M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$614.30M	USD	2 Qtrs
OPERATING INCOME	`OperatingIncomeLoss`	$543.24M	USD	2 Qtrs
INTEREST and OTHER (EXPENSE) INCOME, net	`InterestAndOtherIncomeExpenseNet`	$-1.89M	USD	2 Qtrs
INTEREST and OTHER (EXPENSE) INCOME, net	`InterestAndOtherIncomeExpenseNet`	$-222.00K	USD	1 Quarter
INTEREST and OTHER (EXPENSE) INCOME, net	`InterestAndOtherIncomeExpenseNet`	$-2.55M	USD	1 Quarter
INTEREST and OTHER (EXPENSE) INCOME, net	`InterestAndOtherIncomeExpenseNet`	$386.00K	USD	2 Qtrs
INCOME BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$288.30M	USD	1 Quarter
INCOME BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$543.62M	USD	2 Qtrs
INCOME BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$612.41M	USD	2 Qtrs
INCOME BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$347.49M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$211.80M	USD	2 Qtrs
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$195.53M	USD	2 Qtrs
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$124.86M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$104.08M	USD	1 Quarter
NET INCOME	`NetIncomeLossAvailableToCommonStockholdersBasic`	$348.10M	USD	2 Qtrs
NET INCOME	`NetIncomeLossAvailableToCommonStockholdersBasic`	$184.22M	USD	1 Quarter
NET INCOME	`NetIncomeLossAvailableToCommonStockholdersBasic`	$400.61M	USD	2 Qtrs
NET INCOME	`NetIncomeLossAvailableToCommonStockholdersBasic`	$222.63M	USD	1 Quarter
Basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.57	USD	2 Qtrs
Basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.31	USD	1 Quarter
Basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.71	USD	2 Qtrs
Basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.39	USD	1 Quarter
Diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.30	USD	1 Quarter
Diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.56	USD	2 Qtrs
Diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.39	USD	1 Quarter
Diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.69	USD	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	602.94M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	567.38M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	605.89M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	567.91M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	578.02M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	577.72M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	614.90M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	617.84M	shares	2 Qtrs

Cash Flow Statement 80 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$348.10M	USD	2 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$184.22M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$400.61M	USD	2 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$222.63M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$19.33M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$22.77M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$11.59M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$10.31M	USD	1 Quarter
Gain on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$436.00K	USD	2 Qtrs
Gain on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$120.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$25.98M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$21.59M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxNoncashExpenseBenefit`	$-13.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxNoncashExpenseBenefit`	$1.86M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$75.18M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$103.30M	USD	2 Qtrs
TCCC Transaction receivable	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$-125.00M	USD	2 Qtrs
Distributor receivables	`IncreaseDecreaseInDistributorReceivables`	$1.45M	USD	2 Qtrs
Distributor receivables	`IncreaseDecreaseInDistributorReceivables`	$1.72M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-11.61M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$24.86M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$8.13M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.52M	USD	2 Qtrs
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$18.69M	USD	2 Qtrs
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-60.70M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$35.01M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$8.78M	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$6.78M	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-667.00K	USD	2 Qtrs
Accrued promotional allowances	`IncreaseDecreaseInAccruedPromotionalAllowancesLiabilitiesCurrent`	$25.80M	USD	2 Qtrs
Accrued promotional allowances	`IncreaseDecreaseInAccruedPromotionalAllowancesLiabilitiesCurrent`	$27.24M	USD	2 Qtrs
Accrued distributor terminations	`IncreaseDecreaseInAccruedDistributorTerminations`	$-7.92M	USD	2 Qtrs
Accrued distributor terminations	`IncreaseDecreaseInAccruedDistributorTerminations`	$13.82M	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-6.08M	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-7.22M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-5.36M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-100.73M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-7.07M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-2.75M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$533.22M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$247.56M	USD	2 Qtrs
Maturities of held-to-maturity investments	`ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities`	$868.30M	USD	2 Qtrs
Sales of available-for-sale investments	`ProceedsFromSaleOfAvailableForSaleSecurities`	$172.53M	USD	2 Qtrs
Purchases of held-to-maturity investments	`PaymentsToAcquireHeldToMaturitySecurities`	$152.66M	USD	2 Qtrs
Purchases of available-for-sale investments	`PaymentsToAcquireAvailableForSaleSecurities`	$286.86M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$40.48M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$17.81M	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$733.00K	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$541.00K	USD	2 Qtrs
Purchases of AFF assets, net	`PaymentsToAcquireBusinessesGross`	$688.49M	USD	2 Qtrs
Decrease (increase) in intangibles	`IncreaseDecreaseInIntangibleAssetsCurrent`	$4.88M	USD	2 Qtrs
Decrease (increase) in intangibles	`IncreaseDecreaseInIntangibleAssetsCurrent`	$-26.00K	USD	2 Qtrs
Increase in other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$2.38M	USD	2 Qtrs
Increase in other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$632.00K	USD	2 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$2.62M	USD	2 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-154.68M	USD	2 Qtrs
Principal payments on debt	`RepaymentsOfShortTermDebt`	$1.33M	USD	2 Qtrs
Principal payments on debt	`RepaymentsOfShortTermDebt`	$1.10M	USD	2 Qtrs
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$19.09M	USD	2 Qtrs
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$8.17M	USD	2 Qtrs
Purchases of common stock held in treasury	`PaymentsForRepurchaseOfCommonStock`	$302.00K	USD	2 Qtrs
Purchases of common stock held in treasury	`PaymentsForRepurchaseOfCommonStock`	$2.00B	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.00B	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$17.46M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$4.07M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$4.36M	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$400.07M	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.74B	USD	2 Qtrs
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$434.77M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$777.65M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$377.58M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.18B	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$434.77M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$777.65M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$377.58M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.18B	USD	Point-in-time
Interest	`InterestPaidNet`	$34.00K	USD	2 Qtrs
Interest	`InterestPaidNet`	$38.00K	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$315.18M	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$156.04M	USD	2 Qtrs

Comprehensive Income 20 line items

Line Item	Tag	Value	Unit	Period
Net income, as reported	`NetIncomeLossAvailableToCommonStockholdersBasic`	$348.10M	USD	2 Qtrs
Net income, as reported	`NetIncomeLossAvailableToCommonStockholdersBasic`	$184.22M	USD	1 Quarter
Net income, as reported	`NetIncomeLossAvailableToCommonStockholdersBasic`	$400.61M	USD	2 Qtrs
Net income, as reported	`NetIncomeLossAvailableToCommonStockholdersBasic`	$222.63M	USD	1 Quarter
Change in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$966.00K	USD	1 Quarter
Change in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$7.40M	USD	2 Qtrs
Change in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$6.31M	USD	2 Qtrs
Change in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$5.11M	USD	1 Quarter
Change in net unrealized (losses) gains	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-26.00K	USD	1 Quarter
Change in net unrealized (losses) gains	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$105.00K	USD	2 Qtrs
Net change in available-for-sale investments	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$105.00K	USD	2 Qtrs
Net change in available-for-sale investments	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-26.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$6.42M	USD	2 Qtrs
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$966.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$5.08M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$7.40M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$185.19M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$355.50M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$407.03M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$227.72M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.