10-Q Filing

PALO ALTO NETWORKS INC CIK: 1327567 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001327567-21-000040`
Period End Date	20211031
Filing Date	20211119
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	panw-20211031_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 83 Income Statement 30 Cash Flow Statement 62 Stockholders Equity 24 Comprehensive Income 10

Balance Sheet 83 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$11.20M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$13.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.27B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.87B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.14B	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.19B	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.03B	USD	Point-in-time
Accounts receivable, net of allowance for credit losses of $13.5 and $11.2 at October 31, 2021 and July 31, 2021, respectively	`AccountsReceivableNetCurrent`	$1.24B	USD	Point-in-time
Accounts receivable, net of allowance for credit losses of $13.5 and $11.2 at October 31, 2021 and July 31, 2021, respectively	`AccountsReceivableNetCurrent`	$812.10M	USD	Point-in-time
Preferred stock, par value (in usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Short-term deferred contract costs	`ContractWithCustomerAssetNetCurrent`	$272.90M	USD	Point-in-time
Short-term deferred contract costs	`ContractWithCustomerAssetNetCurrent`	$276.50M	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`	$292.70M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$229.30M	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`	$4.65B	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
Total current assets	`AssetsCurrent`	$4.84B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$324.30M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$318.40M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$262.90M	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
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$251.80M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$898.80M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$888.30M	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
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	98.70M	shares	Point-in-time
Long-term deferred contract costs	`ContractWithCustomerAssetNetNoncurrent`	$494.60M	USD	Point-in-time
Long-term deferred contract costs	`ContractWithCustomerAssetNetNoncurrent`	$476.10M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	97.30M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	98.70M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	97.30M	shares	Point-in-time
Goodwill	`Goodwill`	$2.73B	USD	Point-in-time
Goodwill	`Goodwill`	$2.71B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$498.60M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$471.30M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$432.70M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$421.40M	USD	Point-in-time
Total assets	`Assets`	$10.24B	USD	Point-in-time
Total assets	`Assets`	$10.43B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$56.90M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$95.30M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$250.80M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$430.60M	USD	Point-in-time
Accrued and other liabilities	`AccruedLiabilitiesCurrent`	$329.40M	USD	Point-in-time
Accrued and other liabilities	`AccruedLiabilitiesCurrent`	$324.60M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$2.80B	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$2.74B	USD	Point-in-time
Convertible senior notes, net	`ConvertibleDebtCurrent`	$3.67B	USD	Point-in-time
Convertible senior notes, net	`ConvertibleDebtCurrent`	$1.56B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.14B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.12B	USD	Point-in-time
Convertible senior notes, net	`ConvertibleDebtNoncurrent`	-	USD	Point-in-time
Convertible senior notes, net	`ConvertibleDebtNoncurrent`	$1.67B	USD	Point-in-time
Long-term deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$2.28B	USD	Point-in-time
Long-term deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$2.36B	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$313.40M	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$299.50M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$97.70M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$107.00M	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Temporary equity	`TemporaryEquityValueExcludingAdditionalPaidInCapital`	$129.10M	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 October 31, 2021 and July 31, 2021	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock; $0.0001 par value; 100.0 shares authorized; none issued and outstanding at October 31, 2021 and July 31, 2021	`PreferredStockValue`	-	USD	Point-in-time
Common stock and additional paid-in capital; $0.0001 par value; 1,000.0 shares authorized; 98.7 and 97.3 shares issued and outstanding at October 31, 2021 and July 31, 2021, respectively	`CommonStocksIncludingAdditionalPaidInCapital`	$2.03B	USD	Point-in-time
Common stock and additional paid-in capital; $0.0001 par value; 1,000.0 shares authorized; 98.7 and 97.3 shares issued and outstanding at October 31, 2021 and July 31, 2021, respectively	`CommonStocksIncludingAdditionalPaidInCapital`	$2.31B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-11.30M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-9.90M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.67B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.50B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$634.50M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$518.90M	USD	Point-in-time
Total liabilities, temporary equity and stockholders equity	`LiabilitiesAndStockholdersEquity`	$10.24B	USD	Point-in-time
Total liabilities, temporary equity and stockholders equity	`LiabilitiesAndStockholdersEquity`	$10.43B	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Revenue:	`RevenueFromContractWithCustomerExcludingAssessedTax`	$946.00M	USD	1 Quarter
Revenue:	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.25B	USD	1 Quarter
Cost of revenue:	`CostOfGoodsAndServicesSold`	$380.60M	USD	1 Quarter
Cost of revenue:	`CostOfGoodsAndServicesSold`	$277.80M	USD	1 Quarter
Total gross profit	`GrossProfit`	$866.80M	USD	1 Quarter
Total gross profit	`GrossProfit`	$668.20M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$339.50M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$237.40M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$388.60M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$505.90M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$86.70M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$104.10M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$949.50M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$712.70M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-44.50M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-82.70M	USD	1 Quarter
Interest expense	`InterestExpense`	$40.20M	USD	1 Quarter
Interest expense	`InterestExpense`	$6.90M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpenseNet`	$-1.60M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpenseNet`	$2.40M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-91.20M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-82.30M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$12.40M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$9.90M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-103.60M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-92.20M	USD	1 Quarter
Net loss per share, basic and diluted (in usd per share)	`EarningsPerShareBasicAndDiluted`	$-1.06	USD	1 Quarter
Net loss per share, basic and diluted (in usd per share)	`EarningsPerShareBasicAndDiluted`	$-0.97	USD	1 Quarter
Weighted-average shares used to compute net loss per share, basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	95.50M	shares	1 Quarter
Weighted-average shares used to compute net loss per share, basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	97.60M	shares	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-103.60M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-92.20M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$259.10M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$205.80M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$58.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$69.00M	USD	1 Quarter
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$85.90M	USD	1 Quarter
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$65.80M	USD	1 Quarter
Amortization of debt discount and debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$35.10M	USD	1 Quarter
Amortization of debt discount and debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$1.80M	USD	1 Quarter
Amortization of operating lease right-of-use assets	`OperatingLeaseRightofUseAssetAmortization`	$12.70M	USD	1 Quarter
Amortization of operating lease right-of-use assets	`OperatingLeaseRightofUseAssetAmortization`	$10.00M	USD	1 Quarter
Amortization of investment premiums, net of accretion of purchase discounts	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-2.70M	USD	1 Quarter
Amortization of investment premiums, net of accretion of purchase discounts	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-3.60M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-428.40M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-382.30M	USD	1 Quarter
Deferred contract costs	`IncreaseDecreaseInContractWithCustomerAsset`	$59.30M	USD	1 Quarter
Deferred contract costs	`IncreaseDecreaseInContractWithCustomerAsset`	$63.80M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$37.60M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$72.80M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-17.70M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$37.60M	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-179.80M	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-134.80M	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-23.40M	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-20.00M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$136.80M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$134.20M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$588.90M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$534.90M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	$439.10M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	$829.70M	USD	1 Quarter
Proceeds from sales of investments	`Proceedsfromthesaleofinvestments`	-	USD	1 Quarter
Proceeds from sales of investments	`Proceedsfromthesaleofinvestments`	$36.10M	USD	1 Quarter
Proceeds from maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$225.10M	USD	1 Quarter
Proceeds from maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$198.20M	USD	1 Quarter
Business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$17.40M	USD	1 Quarter
Business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$225.10M	USD	1 Quarter
Purchases of property, equipment, and other assets	`PaymentsToAcquireProductiveAssets`	$29.60M	USD	1 Quarter
Purchases of property, equipment, and other assets	`PaymentsToAcquireProductiveAssets`	$34.60M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-886.20M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-229.90M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$500.00M	USD	1 Quarter
Proceeds from sales of shares through employee equity incentive plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$45.40M	USD	1 Quarter
Proceeds from sales of shares through employee equity incentive plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$58.70M	USD	1 Quarter
Payments for taxes related to net settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$20.00M	USD	1 Quarter
Payments for taxes related to net settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$9.70M	USD	1 Quarter
Payments for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Payments for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$200.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-464.50M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$38.70M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$397.70M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-815.80M	USD	1 Quarter
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`	$1.88B	USD	Point-in-time
Cash, cash equivalents, and restricted cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.28B	USD	Point-in-time
Cash, cash equivalents, and restricted cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.15B	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`	$1.88B	USD	Point-in-time
Cash, cash equivalents, and restricted cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.28B	USD	Point-in-time
Cash, cash equivalents, and restricted cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.15B	USD	Point-in-time

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Common stock, beginning balance (in shares)	`CommonStockSharesOutstanding`	98.70M	shares	Point-in-time
Common stock, beginning balance (in shares)	`CommonStockSharesOutstanding`	97.30M	shares	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$747.00M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$634.50M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$518.90M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.10B	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-103.60M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-92.20M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-7.30M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-1.40M	USD	1 Quarter
Issuance of common stock in connection with employee equity incentive plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$58.90M	USD	1 Quarter
Issuance of common stock in connection with employee equity incentive plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$45.60M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$9.70M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$20.00M	USD	1 Quarter
Share-based compensation for equity-based awards	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$265.70M	USD	1 Quarter
Share-based compensation for equity-based awards	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$208.80M	USD	1 Quarter
Repurchase and retirement of common stock (in shares)	`StockRepurchasedAndRetiredDuringPeriodShares`	2.10M	shares	1 Quarter
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$500.00M	USD	1 Quarter
Common stock, ending balance (in shares)	`CommonStockSharesOutstanding`	98.70M	shares	Point-in-time
Common stock, ending balance (in shares)	`CommonStockSharesOutstanding`	97.30M	shares	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$747.00M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$634.50M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$518.90M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.10B	USD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-103.60M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-92.20M	USD	1 Quarter
Change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-1.30M	USD	1 Quarter
Change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-2.20M	USD	1 Quarter
Change in unrealized gains (losses) on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-6.00M	USD	1 Quarter
Change in unrealized gains (losses) on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$800.00K	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.40M	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-7.30M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-105.00M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-99.50M	USD	1 Quarter

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