10-Q Filing

PALO ALTO NETWORKS INC CIK: 1327567 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001327567-19-000038`
Period End Date	20191031
Filing Date	20191126
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	panw-10312019x10qq120_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 Income Statement 30 Cash Flow Statement 66 Stockholders Equity 28 Comprehensive Income 10

Balance Sheet 75 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$800.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.78B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.26B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$961.40M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.84B	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.60B	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $1.0 and $0.8 at October 31, 2019 and July 31, 2019, respectively	`AccountsReceivableNetCurrent`	$499.20M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $1.0 and $0.8 at October 31, 2019 and July 31, 2019, respectively	`AccountsReceivableNetCurrent`	$582.40M	USD	Point-in-time
Preferred stock, par value (in usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$279.30M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$289.40M	USD	Point-in-time
Preferred stock, par value (in usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.65B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.66B	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$316.40M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$296.00M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$282.60M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$467.60M	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$575.40M	USD	Point-in-time
Goodwill	`Goodwill`	$1.35B	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Goodwill	`Goodwill`	$1.40B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$280.60M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$284.10M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	97.60M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	96.80M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	96.80M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	97.60M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$423.90M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$423.10M	USD	Point-in-time
Total assets	`Assets`	$6.59B	USD	Point-in-time
Total assets	`Assets`	$6.82B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$73.30M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$74.70M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$235.50M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$125.70M	USD	Point-in-time
Accrued and other liabilities	`AccruedLiabilitiesCurrent`	$192.30M	USD	Point-in-time
Accrued and other liabilities	`AccruedLiabilitiesCurrent`	$162.40M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$1.58B	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$1.66B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.05B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.05B	USD	Point-in-time
Convertible senior notes, net	`ConvertibleDebtNoncurrent`	$1.43B	USD	Point-in-time
Convertible senior notes, net	`ConvertibleDebtNoncurrent`	$1.45B	USD	Point-in-time
Long-term deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$1.31B	USD	Point-in-time
Long-term deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$1.36B	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$371.60M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$216.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$82.60M	USD	Point-in-time
Commitments and contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock; $0.0001 par value; 100.0 shares authorized; none issued and outstanding at October 31, 2019 and July 31, 2019	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock; $0.0001 par value; 100.0 shares authorized; none issued and outstanding at October 31, 2019 and July 31, 2019	`PreferredStockValue`	-	USD	Point-in-time
Common stock and additional paid-in capital; $0.0001 par value; 1,000.0 shares authorized; 97.6 and 96.8 shares issued and outstanding at October 31, 2019 and July 31, 2019, respectively	`CommonStocksIncludingAdditionalPaidInCapital`	$2.48B	USD	Point-in-time
Common stock and additional paid-in capital; $0.0001 par value; 1,000.0 shares authorized; 97.6 and 96.8 shares issued and outstanding at October 31, 2019 and July 31, 2019, respectively	`CommonStocksIncludingAdditionalPaidInCapital`	$2.49B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.70M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-600.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-900.90M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-960.50M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.59B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.52B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$6.59B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$6.82B	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$656.00M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$771.90M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$183.50M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$217.70M	USD	1 Quarter
Total gross profit	`GrossProfit`	$554.20M	USD	1 Quarter
Total gross profit	`GrossProfit`	$472.50M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$170.50M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$113.40M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$365.70M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$314.60M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$69.80M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$76.60M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$606.00M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$504.60M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-32.10M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-51.80M	USD	1 Quarter
Interest expense	`InterestExpense`	$18.90M	USD	1 Quarter
Interest expense	`InterestExpense`	$22.70M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpenseNet`	$13.00M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpenseNet`	$16.20M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-54.50M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-41.80M	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$-3.50M	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$5.10M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-59.60M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-38.30M	USD	1 Quarter
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.62	USD	1 Quarter
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.41	USD	1 Quarter
Weighted-average shares used to compute net loss per share, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	96.60M	shares	1 Quarter
Weighted-average shares used to compute net loss per share, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	93.80M	shares	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-59.60M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-38.30M	USD	1 Quarter
Share-based compensation for equity-based awards	`ShareBasedCompensation`	$136.90M	USD	1 Quarter
Share-based compensation for equity-based awards	`ShareBasedCompensation`	$149.90M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$44.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$32.50M	USD	1 Quarter
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$55.60M	USD	1 Quarter
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$43.60M	USD	1 Quarter
Amortization of debt discount and debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$19.40M	USD	1 Quarter
Amortization of debt discount and debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$15.50M	USD	1 Quarter
Amortization of operating lease right-of-use assets	`OperatingLeaseRightofUseAssetAmortization`	-	USD	1 Quarter
Amortization of operating lease right-of-use assets	`OperatingLeaseRightofUseAssetAmortization`	$10.40M	USD	1 Quarter
Amortization of investment premiums, net of accretion of purchase discounts	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$2.40M	USD	1 Quarter
Amortization of investment premiums, net of accretion of purchase discounts	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$3.20M	USD	1 Quarter
Loss on conversions of convertible senior notes	`GainsLossesOnExtinguishmentOfDebt`	$-2.20M	USD	1 Quarter
Loss on conversions of convertible senior notes	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Repayments of convertible senior notes attributable to debt discount	`RepaymentsOfConvertibleDebtDebtDiscount`	$52.30M	USD	1 Quarter
Repayments of convertible senior notes attributable to debt discount	`RepaymentsOfConvertibleDebtDebtDiscount`	-	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-83.90M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-86.60M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$59.20M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$25.10M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-800.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.50M	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-65.00M	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-109.90M	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-25.20M	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$12.50M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$125.50M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$102.50M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$252.30M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$225.20M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	$741.00M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	$274.30M	USD	1 Quarter
Proceeds from sales of investments	`Proceedsfromthesaleofinvestments`	$2.50M	USD	1 Quarter
Proceeds from sales of investments	`Proceedsfromthesaleofinvestments`	-	USD	1 Quarter
Proceeds from maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$632.40M	USD	1 Quarter
Proceeds from maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$214.50M	USD	1 Quarter
Business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$154.80M	USD	1 Quarter
Business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$66.40M	USD	1 Quarter
Purchases of property, equipment, and other assets	`PaymentsToAcquireProductiveAssets`	$34.30M	USD	1 Quarter
Purchases of property, equipment, and other assets	`PaymentsToAcquireProductiveAssets`	$47.20M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$244.50M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-713.10M	USD	1 Quarter
Repayments of convertible senior notes attributable to principal and equity component	`RepaymentsOfConvertibleDebtDebtPrincipalandEquityComponent`	$275.00M	USD	1 Quarter
Repayments of convertible senior notes attributable to principal and equity component	`RepaymentsOfConvertibleDebtDebtPrincipalandEquityComponent`	-	USD	1 Quarter
Payments for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Payments for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$3.60M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$198.10M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Proceeds from sales of shares through employee equity incentive plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$36.30M	USD	1 Quarter
Proceeds from sales of shares through employee equity incentive plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$30.70M	USD	1 Quarter
Payments for taxes related to net settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$5.30M	USD	1 Quarter
Payments for taxes related to net settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$13.90M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-167.10M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-261.80M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$302.60M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-722.60M	USD	1 Quarter
Cash, cash equivalents, and restricted cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.27B	USD	Point-in-time
Cash, cash equivalents, and restricted cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.79B	USD	Point-in-time
Cash, cash equivalents, and restricted cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.51B	USD	Point-in-time
Cash, cash equivalents, and restricted cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$965.00M	USD	Point-in-time
Cash, cash equivalents, and restricted cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.27B	USD	Point-in-time
Cash, cash equivalents, and restricted cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.79B	USD	Point-in-time
Cash, cash equivalents, and restricted cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.51B	USD	Point-in-time
Cash, cash equivalents, and restricted cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$965.00M	USD	Point-in-time

Stockholders Equity 28 line items

Line Item	Tag	Value	Unit	Period
Common stock, beginning balance (in shares)	`CommonStockSharesOutstanding`	96.80M	shares	Point-in-time
Common stock, beginning balance (in shares)	`CommonStockSharesOutstanding`	97.60M	shares	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.59B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.16B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.52B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.25B	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-59.60M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-38.30M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$3.10M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-2.60M	USD	1 Quarter
Issuance of common stock in connection with employee equity incentive plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$30.80M	USD	1 Quarter
Issuance of common stock in connection with employee equity incentive plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$36.30M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$5.30M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$13.90M	USD	1 Quarter
Share-based compensation for equity-based awards	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$140.20M	USD	1 Quarter
Share-based compensation for equity-based awards	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$153.70M	USD	1 Quarter
Repurchase and retirement of common stock (in shares)	`StockRepurchasedAndRetiredDuringPeriodShares`	900,000.00	shares	1 Quarter
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$198.10M	USD	1 Quarter
Settlement of convertible notes (in shares)	`StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities`	1.40M	shares	1 Quarter
Settlement of convertible notes	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebtSubsequentAdjustments`	$-10.20M	USD	1 Quarter
Common stock received from exercise of note hedges (in shares)	`NoteHedgesExercisesInPeriodSharesReceived`	1.40M	shares	1 Quarter
Temporary equity reclassification	`AdjustmentsToAdditionalPaidInCapitalReclassificationToTemporaryEquityFromConvertibleDebt`	$15.00M	USD	1 Quarter
Common stock, ending balance (in shares)	`CommonStockSharesOutstanding`	96.80M	shares	Point-in-time
Common stock, ending balance (in shares)	`CommonStockSharesOutstanding`	97.60M	shares	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.59B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.16B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.52B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.25B	USD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-59.60M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-38.30M	USD	1 Quarter
Change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$900.00K	USD	1 Quarter
Change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$2.70M	USD	1 Quarter
Change in unrealized gains (losses) on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$400.00K	USD	1 Quarter
Change in unrealized gains (losses) on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-3.50M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$3.10M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-2.60M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-56.50M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-40.90M	USD	1 Quarter

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