10-Q Filing

PALO ALTO NETWORKS INC CIK: 1327567 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0001327567-20-000007`
Period End Date	20200131
Filing Date	20200225
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	panw-1312020x10qq220_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 Income Statement 60 Cash Flow Statement 73 Stockholders Equity 48 Comprehensive Income 20

Balance Sheet 75 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$800.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.00B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$961.40M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.13B	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.13B	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.84B	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`	$540.30M	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
Preferred stock, par value (in usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$304.00M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$279.30M	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
Total current assets	`AssetsCurrent`	$3.66B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.98B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$296.00M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$311.40M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	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
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$270.00M	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
Long-term investments	`LongTermInvestments`	$317.90M	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Goodwill	`Goodwill`	$1.51B	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.00B	shares	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 issued (in shares)	`CommonStockSharesIssued`	99.70M	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$280.60M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$290.00M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	96.80M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$504.90M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$423.10M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	96.80M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	99.70M	shares	Point-in-time
Total assets	`Assets`	$7.18B	USD	Point-in-time
Total assets	`Assets`	$6.59B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$73.30M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$55.40M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$175.20M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$235.50M	USD	Point-in-time
Accrued and other liabilities	`AccruedLiabilitiesCurrent`	$251.20M	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`	$1.76B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.05B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.24B	USD	Point-in-time
Convertible senior notes, net	`ConvertibleDebtNoncurrent`	$1.46B	USD	Point-in-time
Convertible senior notes, net	`ConvertibleDebtNoncurrent`	$1.43B	USD	Point-in-time
Long-term deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$1.31B	USD	Point-in-time
Long-term deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$1.44B	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$353.50M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$216.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$80.60M	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`	$2.49B	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`	$2.64B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.80M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.70M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-900.90M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.03B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.61B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.59B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$6.59B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$7.18B	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.59B	USD	2 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.37B	USD	2 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$711.20M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$816.70M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$450.80M	USD	2 Qtrs
Cost of revenue	`CostOfGoodsAndServicesSold`	$202.60M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$386.10M	USD	2 Qtrs
Cost of revenue	`CostOfGoodsAndServicesSold`	$233.10M	USD	1 Quarter
Total gross profit	`GrossProfit`	$1.14B	USD	2 Qtrs
Total gross profit	`GrossProfit`	$981.10M	USD	2 Qtrs
Total gross profit	`GrossProfit`	$583.60M	USD	1 Quarter
Total gross profit	`GrossProfit`	$508.60M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$355.90M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$185.40M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$241.70M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$128.30M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$634.60M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$740.60M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$320.00M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$374.90M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$146.00M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$53.70M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$130.30M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$76.20M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$502.00M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.01B	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$1.24B	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$636.50M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-104.70M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$6.60M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-52.90M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-25.50M	USD	2 Qtrs
Interest expense	`InterestExpense`	$19.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$20.60M	USD	1 Quarter
Interest expense	`InterestExpense`	$43.30M	USD	2 Qtrs
Interest expense	`InterestExpense`	$37.90M	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpenseNet`	$16.00M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpenseNet`	$29.00M	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpenseNet`	$27.00M	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpenseNet`	$10.80M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-39.80M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.00M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-115.60M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-61.10M	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$1.10M	USD	2 Qtrs
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$17.70M	USD	2 Qtrs
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$4.60M	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$12.60M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-73.70M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.60M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-133.30M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-40.90M	USD	2 Qtrs
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.75	USD	1 Quarter
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.44	USD	2 Qtrs
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-1.37	USD	2 Qtrs
Weighted-average shares used to compute net loss per share, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	94.00M	shares	1 Quarter
Weighted-average shares used to compute net loss per share, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	97.50M	shares	2 Qtrs
Weighted-average shares used to compute net loss per share, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	93.90M	shares	2 Qtrs
Weighted-average shares used to compute net loss per share, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	98.30M	shares	1 Quarter

Cash Flow Statement 73 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-73.70M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.60M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-133.30M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-40.90M	USD	2 Qtrs
Share-based compensation for equity-based awards	`ShareBasedCompensation`	$279.30M	USD	2 Qtrs
Share-based compensation for equity-based awards	`ShareBasedCompensation`	$318.40M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$71.30M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$92.40M	USD	2 Qtrs
Gain related to facility exit	`GainLossOnTerminationOfLease`	$3.10M	USD	1 Quarter
Gain related to facility exit	`GainLossOnTerminationOfLease`	-	USD	2 Qtrs
Gain related to facility exit	`GainLossOnTerminationOfLease`	$3.10M	USD	2 Qtrs
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$110.90M	USD	2 Qtrs
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$46.80M	USD	1 Quarter
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$90.40M	USD	2 Qtrs
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$55.30M	USD	1 Quarter
Amortization of debt discount and debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$31.20M	USD	2 Qtrs
Amortization of debt discount and debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$36.50M	USD	2 Qtrs
Amortization of operating lease right-of-use assets	`OperatingLeaseRightofUseAssetAmortization`	$21.10M	USD	2 Qtrs
Amortization of operating lease right-of-use assets	`OperatingLeaseRightofUseAssetAmortization`	-	USD	2 Qtrs
Amortization of investment premiums, net of accretion of purchase discounts	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$4.60M	USD	2 Qtrs
Amortization of investment premiums, net of accretion of purchase discounts	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$7.70M	USD	2 Qtrs
Loss on conversions of convertible senior notes	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Loss on conversions of convertible senior notes	`GainsLossesOnExtinguishmentOfDebt`	$-2.60M	USD	2 Qtrs
Repayments of convertible senior notes attributable to debt discount	`RepaymentsOfConvertibleDebtDebtDiscount`	$67.10M	USD	2 Qtrs
Repayments of convertible senior notes attributable to debt discount	`RepaymentsOfConvertibleDebtDebtDiscount`	-	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-53.90M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-43.10M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$90.60M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$141.50M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-11.20M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-17.30M	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-61.10M	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-21.00M	USD	2 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-31.80M	USD	2 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-11.60M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$243.80M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$307.70M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$527.70M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$532.10M	USD	2 Qtrs
Purchases of investments	`PaymentsToAcquireInvestments`	$2.03B	USD	2 Qtrs
Purchases of investments	`PaymentsToAcquireInvestments`	$283.30M	USD	2 Qtrs
Proceeds from sales of investments	`Proceedsfromthesaleofinvestments`	$3.50M	USD	2 Qtrs
Proceeds from sales of investments	`Proceedsfromthesaleofinvestments`	$1.10M	USD	2 Qtrs
Proceeds from maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$1.00B	USD	2 Qtrs
Proceeds from maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$1.26B	USD	2 Qtrs
Business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$195.70M	USD	2 Qtrs
Business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$154.90M	USD	2 Qtrs
Purchases of property, equipment, and other assets	`PaymentsToAcquireProductiveAssets`	$57.80M	USD	2 Qtrs
Purchases of property, equipment, and other assets	`PaymentsToAcquireProductiveAssets`	$96.30M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.24B	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$680.90M	USD	2 Qtrs
Repayments of convertible senior notes attributable to principal and equity component	`RepaymentsOfConvertibleDebtDebtPrincipalandEquityComponent`	-	USD	2 Qtrs
Repayments of convertible senior notes attributable to principal and equity component	`RepaymentsOfConvertibleDebtDebtPrincipalandEquityComponent`	$348.50M	USD	2 Qtrs
Payments for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	2 Qtrs
Payments for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$3.70M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$198.10M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$330.00M	USD	2 Qtrs
Proceeds from sales of shares through employee equity incentive plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$36.90M	USD	2 Qtrs
Proceeds from sales of shares through employee equity incentive plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$33.60M	USD	2 Qtrs
Payments for taxes related to net settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$21.00M	USD	2 Qtrs
Payments for taxes related to net settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$12.00M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-173.20M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-669.60M	USD	2 Qtrs
Net increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.04B	USD	2 Qtrs
Net increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.38B	USD	2 Qtrs
Cash, cash equivalents, and restricted cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.00B	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`	$1.13B	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`	$2.00B	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`	$1.13B	USD	Point-in-time
Cash, cash equivalents, and restricted cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$965.00M	USD	Point-in-time

Stockholders Equity 48 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`	99.70M	shares	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.61B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.25B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.59B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.52B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.16B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.07B	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-73.70M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.60M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-133.30M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-40.90M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$6.60M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$1.90M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$9.20M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-1.20M	USD	1 Quarter
Issuance of common stock in connection with employee equity incentive plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$37.10M	USD	2 Qtrs
Issuance of common stock in connection with employee equity incentive plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$33.90M	USD	2 Qtrs
Issuance of common stock in connection with employee equity incentive plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$800.00K	USD	1 Quarter
Issuance of common stock in connection with employee equity incentive plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$3.10M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$21.00M	USD	2 Qtrs
Taxes paid related to net share settlement of equity awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$6.70M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$7.10M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$12.00M	USD	2 Qtrs
Share-based compensation for equity-based awards	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$326.60M	USD	2 Qtrs
Share-based compensation for equity-based awards	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$284.30M	USD	2 Qtrs
Share-based compensation for equity-based awards	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$172.90M	USD	1 Quarter
Share-based compensation for equity-based awards	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$144.10M	USD	1 Quarter
Repurchase and retirement of common stock (in shares)	`StockRepurchasedAndRetiredDuringPeriodShares`	900,000.00	shares	2 Qtrs
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$198.10M	USD	2 Qtrs
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$330.00M	USD	2 Qtrs
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$330.00M	USD	1 Quarter
Settlement of convertible notes (in shares)	`StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities`	300,000.00	shares	1 Quarter
Settlement of convertible notes (in shares)	`StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities`	1.70M	shares	2 Qtrs
Settlement of convertible notes	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebtSubsequentAdjustments`	$-2.00M	USD	1 Quarter
Settlement of convertible notes	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebtSubsequentAdjustments`	$-12.20M	USD	2 Qtrs
Common stock received from exercise of note hedges (in shares)	`NoteHedgesExercisesInPeriodSharesReceived`	300,000.00	shares	1 Quarter
Common stock received from exercise of note hedges (in shares)	`NoteHedgesExercisesInPeriodSharesReceived`	1.70M	shares	2 Qtrs
Temporary equity reclassification	`AdjustmentsToAdditionalPaidInCapitalReclassificationToTemporaryEquityFromConvertibleDebt`	$4.10M	USD	1 Quarter
Temporary equity reclassification	`AdjustmentsToAdditionalPaidInCapitalReclassificationToTemporaryEquityFromConvertibleDebt`	$19.10M	USD	2 Qtrs
Common stock, ending balance (in shares)	`CommonStockSharesOutstanding`	96.80M	shares	Point-in-time
Common stock, ending balance (in shares)	`CommonStockSharesOutstanding`	99.70M	shares	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.61B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.25B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.59B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.52B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.16B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.07B	USD	Point-in-time

Comprehensive Income 20 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-73.70M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.60M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-133.30M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-40.90M	USD	2 Qtrs
Change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$1.60M	USD	2 Qtrs
Change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$4.80M	USD	1 Quarter
Change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-1.10M	USD	1 Quarter
Change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$5.70M	USD	2 Qtrs
Change in unrealized gains (losses) on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-100.00K	USD	1 Quarter
Change in unrealized gains (losses) on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$4.40M	USD	1 Quarter
Change in unrealized gains (losses) on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$300.00K	USD	2 Qtrs
Change in unrealized gains (losses) on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$900.00K	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.20M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$9.20M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.90M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$6.60M	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-131.40M	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$6.60M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-74.90M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-34.30M	USD	2 Qtrs

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