10-Q Filing

PALO ALTO NETWORKS INC CIK: 1327567 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001327567-22-000038`
Period End Date	20221031
Filing Date	20221118
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	panw-20221031_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 34 Cash Flow Statement 67 Stockholders Equity 22 Comprehensive Income 14

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.07B	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$8.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.12B	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$8.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.27B	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.74B	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.52B	USD	Point-in-time
Accounts receivable, net of allowance for credit losses of $8.4 and $8.9 at October 31, 2022 and July 31, 2022, respectively	`AccountsReceivableNetCurrent`	$2.14B	USD	Point-in-time
Accounts receivable, net of allowance for credit losses of $8.4 and $8.9 at October 31, 2022 and July 31, 2022, respectively	`AccountsReceivableNetCurrent`	$1.24B	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`	$310.60M	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`	$317.70M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$320.20M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$381.10M	USD	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
Total current assets	`AssetsCurrent`	$5.73B	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$6.41B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$357.80M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$353.70M	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
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$260.40M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$242.00M	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$2.09B	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
Long-term investments	`LongTermInvestments`	$1.05B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	302.30M	shares	Point-in-time
Long-term deferred contract costs	`ContractWithCustomerAssetNetNoncurrent`	$520.30M	USD	Point-in-time
Long-term deferred contract costs	`ContractWithCustomerAssetNetNoncurrent`	$550.10M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	298.80M	shares	Point-in-time
Goodwill	`Goodwill`	$2.75B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	298.80M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	302.30M	shares	Point-in-time
Goodwill	`Goodwill`	$2.75B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$355.40M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$384.50M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$504.70M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$478.10M	USD	Point-in-time
Total assets	`Assets`	$12.25B	USD	Point-in-time
Total assets	`Assets`	$12.54B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$125.90M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$128.00M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$268.90M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$461.10M	USD	Point-in-time
Accrued and other liabilities	`AccruedLiabilitiesCurrent`	$380.40M	USD	Point-in-time
Accrued and other liabilities	`AccruedLiabilitiesCurrent`	$399.20M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$3.64B	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$3.74B	USD	Point-in-time
Convertible senior notes, net	`ConvertibleDebtCurrent`	$3.68B	USD	Point-in-time
Convertible senior notes, net	`ConvertibleDebtCurrent`	$3.68B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.20B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.31B	USD	Point-in-time
Long-term deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$3.44B	USD	Point-in-time
Long-term deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$3.35B	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$283.10M	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$276.10M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$119.30M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$108.40M	USD	Point-in-time
Liabilities	`Liabilities`	$12.04B	USD	Point-in-time
Liabilities	`Liabilities`	$12.04B	USD	Point-in-time
Commitments and contingencies (Note $9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note $9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock; $0.0001 par value; 100.0 shares authorized; none issued and outstanding at October 31, 2022 and July 31, 2022	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock; $0.0001 par value; 100.0 shares authorized; none issued and outstanding at October 31, 2022 and July 31, 2022	`PreferredStockValue`	-	USD	Point-in-time
Common stock and additional paid-in capital; $0.0001 par value; 1,000.0 shares authorized; 302.3 and 298.8 shares issued and outstanding at October 31, 2022 and July 31, 2022, respectively	`CommonStocksIncludingAdditionalPaidInCapital`	$2.27B	USD	Point-in-time
Common stock and additional paid-in capital; $0.0001 par value; 1,000.0 shares authorized; 302.3 and 298.8 shares issued and outstanding at October 31, 2022 and July 31, 2022, respectively	`CommonStocksIncludingAdditionalPaidInCapital`	$1.93B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-111.10M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-55.60M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.67B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.65B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$508.00M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$210.00M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$12.54B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$12.25B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenue:	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.56B	USD	1 Quarter
Revenue:	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.25B	USD	1 Quarter
Cost of revenue:	`CostOfGoodsAndServicesSold`	$461.90M	USD	1 Quarter
Cost of revenue:	`CostOfGoodsAndServicesSold`	$380.60M	USD	1 Quarter
Total gross profit	`GrossProfit`	$1.10B	USD	1 Quarter
Total gross profit	`GrossProfit`	$866.80M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$371.80M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$339.50M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$615.00M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$505.90M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$99.50M	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`	$1.09B	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-82.70M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$15.20M	USD	1 Quarter
Interest expense	`InterestExpense`	$6.80M	USD	1 Quarter
Interest expense	`InterestExpense`	$6.90M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpenseNet`	$26.00M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpenseNet`	$-1.60M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$34.40M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-91.20M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$14.40M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$12.40M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$20.00M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-103.60M	USD	1 Quarter
Net income (loss) per share, basic (in usd per share)	`EarningsPerShareBasic`	$0.07	USD	1 Quarter
Net income (loss) per share, basic (in usd per share)	`EarningsPerShareBasic`	$-0.35	USD	1 Quarter
Net income (loss) per share, diluted (in usd per share)	`EarningsPerShareDiluted`	$-0.35	USD	1 Quarter
Net income (loss) per share, diluted (in usd per share)	`EarningsPerShareDiluted`	$0.06	USD	1 Quarter
Weighted-average shares used to compute net income (loss) per share, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	292.90M	shares	1 Quarter
Weighted-average shares used to compute net income (loss) per share, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	299.80M	shares	1 Quarter
Weighted-average shares used to compute net income (loss) per share, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	338.40M	shares	1 Quarter
Weighted-average shares used to compute net income (loss) per share, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	292.90M	shares	1 Quarter

Cash Flow Statement 67 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$20.00M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-103.60M	USD	1 Quarter
Share-based compensation for equity-based awards	`ShareBasedCompensation`	$259.10M	USD	1 Quarter
Share-based compensation for equity-based awards	`ShareBasedCompensation`	$266.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$70.70M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$69.00M	USD	1 Quarter
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$97.00M	USD	1 Quarter
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$85.90M	USD	1 Quarter
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.07B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.12B	USD	Point-in-time
Amortization of debt discount and debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$1.80M	USD	1 Quarter
Amortization of debt discount and debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$1.80M	USD	1 Quarter
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.27B	USD	Point-in-time
Reduction of operating lease right-of-use assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$12.10M	USD	1 Quarter
Reduction of operating lease right-of-use assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$12.70M	USD	1 Quarter
Total cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.28B	USD	Point-in-time
Amortization of investment premiums, net of accretion of purchase discounts	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-3.60M	USD	1 Quarter
Total cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.88B	USD	Point-in-time
Total cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.07B	USD	Point-in-time
Amortization of investment premiums, net of accretion of purchase discounts	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-1.70M	USD	1 Quarter
Total cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.12B	USD	Point-in-time
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-904.40M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-428.40M	USD	1 Quarter
Deferred contract costs	`IncreaseDecreaseInContractWithCustomerAsset`	$63.80M	USD	1 Quarter
Deferred contract costs	`IncreaseDecreaseInContractWithCustomerAsset`	$60.10M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$72.80M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$41.10M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$37.60M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.00M	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-192.30M	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-179.80M	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-23.40M	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-28.10M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$185.60M	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`	$1.24B	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	$439.10M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	$2.11B	USD	1 Quarter
Proceeds from sales of investments	`Proceedsfromthesaleofinvestments`	$36.10M	USD	1 Quarter
Proceeds from sales of investments	`Proceedsfromthesaleofinvestments`	$485.00M	USD	1 Quarter
Proceeds from maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$347.60M	USD	1 Quarter
Proceeds from maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$225.10M	USD	1 Quarter
Business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$17.40M	USD	1 Quarter
Business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Purchases of property, equipment, and other assets	`PaymentsToAcquireProductiveAssets`	$34.60M	USD	1 Quarter
Purchases of property, equipment, and other assets	`PaymentsToAcquireProductiveAssets`	$39.60M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-229.90M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.32B	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$22.70M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Proceeds from sales of shares through employee equity incentive plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$67.70M	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 share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$13.90M	USD	1 Quarter
Payments for taxes related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$20.00M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$31.10M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$38.70M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-52.00M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$397.70M	USD	1 Quarter
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`	$1.88B	USD	Point-in-time
Cash, cash equivalents, and restricted cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.07B	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`	$2.28B	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`	$2.07B	USD	Point-in-time
Cash, cash equivalents, and restricted cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.12B	USD	Point-in-time

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Common stock, beginning balance (in shares)	`CommonStockSharesOutstanding`	298.80M	shares	Point-in-time
Common stock, beginning balance (in shares)	`CommonStockSharesOutstanding`	302.30M	shares	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$508.00M	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`	$210.00M	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$20.00M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-103.60M	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-1.40M	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-55.50M	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`	$68.20M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$20.00M	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`	$265.70M	USD	1 Quarter
Share-based compensation for equity-based awards	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$279.20M	USD	1 Quarter
Common stock, ending balance (in shares)	`CommonStockSharesOutstanding`	298.80M	shares	Point-in-time
Common stock, ending balance (in shares)	`CommonStockSharesOutstanding`	302.30M	shares	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$508.00M	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`	$210.00M	USD	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$20.00M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-103.60M	USD	1 Quarter
Change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-27.80M	USD	1 Quarter
Change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-2.20M	USD	1 Quarter
Change in unrealized gains (losses)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$-42.50M	USD	1 Quarter
Change in unrealized gains (losses)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$-1.90M	USD	1 Quarter
Net realized (gains) losses reclassified into earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$-2.70M	USD	1 Quarter
Net realized (gains) losses reclassified into earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$-14.80M	USD	1 Quarter
Net change on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-27.70M	USD	1 Quarter
Net change on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$800.00K	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.40M	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-55.50M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-105.00M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-35.50M	USD	1 Quarter

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