10-Q Filing

PALO ALTO NETWORKS INC CIK: 1327567 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001327567-21-000004`
Period End Date	20210131
Filing Date	20210223
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	panw-20210131_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 79 Income Statement 60 Cash Flow Statement 66 Stockholders Equity 43 Comprehensive Income 20

Balance Sheet 79 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.00B	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$9.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.96B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.11B	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.30M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$789.80M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.06B	USD	Point-in-time
Accounts receivable, net of allowance for credit losses of $9.4 and $2.3 at January 31, 2021 and July 31, 2020, respectively	`AccountsReceivableNetCurrent`	$669.20M	USD	Point-in-time
Accounts receivable, net of allowance for credit losses of $9.4 and $2.3 at January 31, 2021 and July 31, 2020, respectively	`AccountsReceivableNetCurrent`	$1.04B	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$344.30M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$435.40M	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
Total current assets	`AssetsCurrent`	$5.13B	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`	$4.28B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$330.70M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$348.10M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$258.70M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$252.10M	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
Long-term investments	`LongTermInvestments`	$554.40M	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$857.10M	USD	Point-in-time
Goodwill	`Goodwill`	$2.58B	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Goodwill	`Goodwill`	$1.81B	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$541.10M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	97.20M	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$358.20M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	96.30M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	96.30M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	97.20M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$648.10M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$603.90M	USD	Point-in-time
Total assets	`Assets`	$9.49B	USD	Point-in-time
Total assets	`Assets`	$9.07B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$63.60M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$44.70M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$261.00M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$322.20M	USD	Point-in-time
Accrued and other liabilities	`AccruedLiabilitiesCurrent`	$256.80M	USD	Point-in-time
Accrued and other liabilities	`AccruedLiabilitiesCurrent`	$255.30M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$2.29B	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$2.05B	USD	Point-in-time
Convertible senior notes, net	`ConvertibleDebtCurrent`	$1.53B	USD	Point-in-time
Convertible senior notes, net	`ConvertibleDebtCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.38B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.69B	USD	Point-in-time
Convertible senior notes, net	`ConvertibleDebtNoncurrent`	$1.63B	USD	Point-in-time
Convertible senior notes, net	`ConvertibleDebtNoncurrent`	$3.08B	USD	Point-in-time
Long-term deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$1.76B	USD	Point-in-time
Long-term deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$1.87B	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$317.90M	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$336.60M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$90.10M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$93.90M	USD	Point-in-time
Commitments and contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Temporary equity	`TemporaryEquityValueExcludingAdditionalPaidInCapital`	$161.20M	USD	Point-in-time
Temporary equity	`TemporaryEquityValueExcludingAdditionalPaidInCapital`	-	USD	Point-in-time
Preferred stock; $0.0001 par value; 100.0 shares authorized; none issued and outstanding at January 31, 2021 and July 31, 2020	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock; $0.0001 par value; 100.0 shares authorized; none issued and outstanding at January 31, 2021 and July 31, 2020	`PreferredStockValue`	-	USD	Point-in-time
Common stock and additional paid-in capital; $0.0001 par value; 1,000.0 shares authorized; 97.2 and 96.3 shares issued and outstanding at January 31, 2021 and July 31, 2020, respectively	`CommonStocksIncludingAdditionalPaidInCapital`	$2.43B	USD	Point-in-time
Common stock and additional paid-in capital; $0.0001 par value; 1,000.0 shares authorized; 97.2 and 96.3 shares issued and outstanding at January 31, 2021 and July 31, 2020, respectively	`CommonStocksIncludingAdditionalPaidInCapital`	$2.26B	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$9.90M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$10.50M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.40B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.17B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.10B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.04B	USD	Point-in-time
Total liabilities, temporary equity, and stockholders equity	`LiabilitiesAndStockholdersEquity`	$9.49B	USD	Point-in-time
Total liabilities, temporary equity, and stockholders equity	`LiabilitiesAndStockholdersEquity`	$9.07B	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Revenue:	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.96B	USD	2 Qtrs
Revenue:	`RevenueFromContractWithCustomerExcludingAssessedTax`	$816.70M	USD	1 Quarter
Revenue:	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.59B	USD	2 Qtrs
Revenue:	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.02B	USD	1 Quarter
Cost of revenue:	`CostOfGoodsAndServicesSold`	$450.80M	USD	2 Qtrs
Cost of revenue:	`CostOfGoodsAndServicesSold`	$307.60M	USD	1 Quarter
Cost of revenue:	`CostOfGoodsAndServicesSold`	$585.40M	USD	2 Qtrs
Cost of revenue:	`CostOfGoodsAndServicesSold`	$233.10M	USD	1 Quarter
Total gross profit	`GrossProfit`	$583.60M	USD	1 Quarter
Total gross profit	`GrossProfit`	$1.38B	USD	2 Qtrs
Total gross profit	`GrossProfit`	$1.14B	USD	2 Qtrs
Total gross profit	`GrossProfit`	$709.30M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$185.40M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$504.10M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$355.90M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$266.70M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$374.90M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$740.60M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$816.00M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$427.40M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$146.00M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$190.70M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$76.20M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$104.00M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.51B	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$636.50M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.24B	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$798.10M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-104.70M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-133.30M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-88.80M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-52.90M	USD	1 Quarter
Interest expense	`InterestExpense`	$37.90M	USD	2 Qtrs
Interest expense	`InterestExpense`	$80.90M	USD	2 Qtrs
Interest expense	`InterestExpense`	$40.70M	USD	1 Quarter
Interest expense	`InterestExpense`	$19.00M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpenseNet`	$-500.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpenseNet`	$1.90M	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpenseNet`	$10.80M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpenseNet`	$27.00M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-212.30M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-61.10M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-130.00M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-115.60M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$17.70M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$12.30M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$22.20M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$12.60M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-234.50M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-73.70M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-142.30M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-133.30M	USD	2 Qtrs
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-1.48	USD	1 Quarter
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-2.45	USD	2 Qtrs
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-1.37	USD	2 Qtrs
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.75	USD	1 Quarter
Weighted-average shares used to compute net loss per share, basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	95.70M	shares	2 Qtrs
Weighted-average shares used to compute net loss per share, basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	98.30M	shares	1 Quarter
Weighted-average shares used to compute net loss per share, basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	97.50M	shares	2 Qtrs
Weighted-average shares used to compute net loss per share, basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	95.90M	shares	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-234.50M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-73.70M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-142.30M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-133.30M	USD	2 Qtrs
Share-based compensation for equity-based awards	`ShareBasedCompensation`	$318.40M	USD	2 Qtrs
Share-based compensation for equity-based awards	`ShareBasedCompensation`	$431.40M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$92.40M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$122.90M	USD	2 Qtrs
Gain related to facility exit	`GainLossOnTerminationOfLease`	$3.10M	USD	2 Qtrs
Gain related to facility exit	`GainLossOnTerminationOfLease`	-	USD	2 Qtrs
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$134.40M	USD	2 Qtrs
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$68.60M	USD	1 Quarter
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$55.30M	USD	1 Quarter
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$110.90M	USD	2 Qtrs
Amortization of debt discount and debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$70.60M	USD	2 Qtrs
Amortization of debt discount and debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$31.20M	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`	$20.70M	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`	$-5.90M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-43.10M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-398.70M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$141.50M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$240.40M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-17.30M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-23.60M	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-64.20M	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-61.10M	USD	2 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-57.10M	USD	2 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-31.80M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$307.70M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$334.60M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$532.10M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$899.40M	USD	2 Qtrs
Purchases of investments	`PaymentsToAcquireInvestments`	$283.30M	USD	2 Qtrs
Purchases of investments	`PaymentsToAcquireInvestments`	$1.11B	USD	2 Qtrs
Proceeds from sales of investments	`Proceedsfromthesaleofinvestments`	$1.10M	USD	2 Qtrs
Proceeds from sales of investments	`Proceedsfromthesaleofinvestments`	-	USD	2 Qtrs
Proceeds from maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$534.10M	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`	$630.50M	USD	2 Qtrs
Purchases of property, equipment, and other assets	`PaymentsToAcquireProductiveAssets`	$96.30M	USD	2 Qtrs
Purchases of property, equipment, and other assets	`PaymentsToAcquireProductiveAssets`	$61.70M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$680.90M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.27B	USD	2 Qtrs
Payments for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$200.00K	USD	2 Qtrs
Payments for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$500.00M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$198.10M	USD	2 Qtrs
Proceeds from sales of shares through employee equity incentive plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$45.70M	USD	2 Qtrs
Proceeds from sales of shares through employee equity incentive plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$36.90M	USD	2 Qtrs
Payments for taxes related to net settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$12.00M	USD	2 Qtrs
Payments for taxes related to net settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$15.40M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-173.20M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-469.90M	USD	2 Qtrs
Net increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-841.10M	USD	2 Qtrs
Net increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.04B	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`	$965.00M	USD	Point-in-time
Cash, cash equivalents, and restricted cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.96B	USD	Point-in-time
Cash, cash equivalents, and restricted cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.12B	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`	$965.00M	USD	Point-in-time
Cash, cash equivalents, and restricted cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.96B	USD	Point-in-time
Cash, cash equivalents, and restricted cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.12B	USD	Point-in-time

Stockholders Equity 43 line items

Line Item	Tag	Value	Unit	Period
Common stock, beginning balance (in shares)	`CommonStockSharesOutstanding`	96.30M	shares	Point-in-time
Common stock, beginning balance (in shares)	`CommonStockSharesOutstanding`	97.20M	shares	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.10B	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`	$747.00M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.04B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.61B	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-234.50M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-73.70M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-142.30M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-133.30M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-600.00K	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-1.20M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$6.70M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$1.90M	USD	2 Qtrs
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`	$800.00K	USD	1 Quarter
Issuance of common stock in connection with employee equity incentive plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$100.00K	USD	1 Quarter
Issuance of common stock in connection with employee equity incentive plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$45.70M	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`	$12.00M	USD	2 Qtrs
Taxes paid related to net share settlement of equity awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$5.70M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$15.40M	USD	2 Qtrs
Share-based compensation for equity-based awards	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$172.90M	USD	1 Quarter
Share-based compensation for equity-based awards	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$326.60M	USD	2 Qtrs
Share-based compensation for equity-based awards	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$252.00M	USD	1 Quarter
Share-based compensation for equity-based awards	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$460.80M	USD	2 Qtrs
Repurchase and retirement of common stock (in shares)	`StockRepurchasedAndRetiredDuringPeriodShares`	2.10M	shares	2 Qtrs
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$198.10M	USD	2 Qtrs
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$500.00M	USD	2 Qtrs
Issuance of common and restricted common stock in connection with acquisition	`StockIssuedDuringPeriodValueAcquisitions`	$340.70M	USD	2 Qtrs
Issuance of common and restricted common stock in connection with acquisition	`StockIssuedDuringPeriodValueAcquisitions`	$340.70M	USD	1 Quarter
Temporary equity reclassification	`ReclassificationsOfTemporaryToPermanentEquity`	$-161.20M	USD	2 Qtrs
Temporary equity reclassification	`ReclassificationsOfTemporaryToPermanentEquity`	$-161.20M	USD	1 Quarter
Common stock, ending balance (in shares)	`CommonStockSharesOutstanding`	96.30M	shares	Point-in-time
Common stock, ending balance (in shares)	`CommonStockSharesOutstanding`	97.20M	shares	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.10B	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`	$747.00M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.04B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.61B	USD	Point-in-time

Comprehensive Income 20 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-234.50M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-73.70M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-142.30M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-133.30M	USD	2 Qtrs
Change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-1.10M	USD	1 Quarter
Change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$1.60M	USD	2 Qtrs
Change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-300.00K	USD	1 Quarter
Change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-1.60M	USD	2 Qtrs
Change in unrealized gains (losses) on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$1.00M	USD	2 Qtrs
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`	$7.00M	USD	1 Quarter
Change in unrealized gains (losses) on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-100.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-600.00K	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$6.70M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.90M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.20M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-235.10M	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-135.60M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-74.90M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-131.40M	USD	2 Qtrs

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