10-Q Filing

PALO ALTO NETWORKS INC CIK: 1327567 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001327567-23-000006`
Period End Date	20230131
Filing Date	20230222
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	panw-20230131_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 68 Cash Flow Statement 71 Stockholders Equity 40 Comprehensive Income 28

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.35B	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$8.80M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$8.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.12B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.92B	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.52B	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$2.00B	USD	Point-in-time
Accounts receivable, net of allowance for credit losses of $8.8 and $8.9 at January 31, 2023 and July 31, 2022, respectively	`AccountsReceivableNetCurrent`	$1.28B	USD	Point-in-time
Accounts receivable, net of allowance for credit losses of $8.8 and $8.9 at January 31, 2023 and July 31, 2022, respectively	`AccountsReceivableNetCurrent`	$2.14B	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
Short-term deferred contract costs	`ContractWithCustomerAssetNetCurrent`	$313.40M	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`	$467.40M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$5.41B	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`	$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`	$344.70M	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
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$251.10M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$242.00M	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`	$2.82B	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$1.05B	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
Long-term deferred contract costs	`ContractWithCustomerAssetNetNoncurrent`	$511.30M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	302.40M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	298.80M	shares	Point-in-time
Goodwill	`Goodwill`	$2.91B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	302.40M	shares	Point-in-time
Goodwill	`Goodwill`	$2.75B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$361.70M	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`	$555.90M	USD	Point-in-time
Total assets	`Assets`	$12.25B	USD	Point-in-time
Total assets	`Assets`	$13.16B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$128.30M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$128.00M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$395.10M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$461.10M	USD	Point-in-time
Accrued and other liabilities	`AccruedLiabilitiesCurrent`	$399.20M	USD	Point-in-time
Accrued and other liabilities	`AccruedLiabilitiesCurrent`	$328.90M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$3.64B	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$3.94B	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`	$8.31B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.48B	USD	Point-in-time
Long-term deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$3.61B	USD	Point-in-time
Long-term deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$3.35B	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$276.10M	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$274.20M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$108.40M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$73.60M	USD	Point-in-time
Liabilities	`Liabilities`	$12.04B	USD	Point-in-time
Liabilities	`Liabilities`	$12.43B	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock; $0.0001 par value; 100.0 shares authorized; none issued and outstanding at January 31, 2023 and July 31, 2022	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock; $0.0001 par value; 100.0 shares authorized; none issued and outstanding at January 31, 2023 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; 302.4 and 298.8 shares issued and outstanding at January 31, 2023 and July 31, 2022, respectively	`CommonStocksIncludingAdditionalPaidInCapital`	$1.93B	USD	Point-in-time
Common stock and additional paid-in capital; $0.0001 par value; 1,000.0 shares authorized; 302.4 and 298.8 shares issued and outstanding at January 31, 2023 and July 31, 2022, respectively	`CommonStocksIncludingAdditionalPaidInCapital`	$2.30B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-55.60M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-11.10M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.67B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.56B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$729.00M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$210.00M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$13.16B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$12.25B	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Revenue:	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.66B	USD	1 Quarter
Revenue:	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.22B	USD	2 Qtrs
Revenue:	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.56B	USD	2 Qtrs
Revenue:	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.32B	USD	1 Quarter
Cost of revenue:	`CostOfGoodsAndServicesSold`	$928.10M	USD	2 Qtrs
Cost of revenue:	`CostOfGoodsAndServicesSold`	$466.20M	USD	1 Quarter
Cost of revenue:	`CostOfGoodsAndServicesSold`	$405.30M	USD	1 Quarter
Cost of revenue:	`CostOfGoodsAndServicesSold`	$785.90M	USD	2 Qtrs
Total gross profit	`GrossProfit`	$2.29B	USD	2 Qtrs
Total gross profit	`GrossProfit`	$1.19B	USD	1 Quarter
Total gross profit	`GrossProfit`	$1.78B	USD	2 Qtrs
Total gross profit	`GrossProfit`	$911.60M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$359.00M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$698.50M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$404.10M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$775.90M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$1.24B	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$528.80M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$1.03B	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$625.50M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$97.70M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$119.40M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$218.90M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$201.80M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$2.24B	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$985.50M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.94B	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$1.15B	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$39.90M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-156.60M	USD	2 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$55.10M	USD	2 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$-73.90M	USD	1 Quarter
Interest expense	`InterestExpense`	$13.70M	USD	2 Qtrs
Interest expense	`InterestExpense`	$13.70M	USD	2 Qtrs
Interest expense	`InterestExpense`	$6.90M	USD	1 Quarter
Interest expense	`InterestExpense`	$6.80M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpenseNet`	$51.40M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpenseNet`	$-100.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpenseNet`	$-1.70M	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpenseNet`	$77.40M	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-172.00M	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$84.40M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-80.80M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$118.80M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$25.10M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$14.60M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$200.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$12.70M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$84.20M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-93.50M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-197.10M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$104.20M	USD	2 Qtrs
Net income (loss) per share, basic (in usd per share)	`EarningsPerShareBasic`	$-0.67	USD	2 Qtrs
Net income (loss) per share, basic (in usd per share)	`EarningsPerShareBasic`	$-0.32	USD	1 Quarter
Net income (loss) per share, basic (in usd per share)	`EarningsPerShareBasic`	$0.28	USD	1 Quarter
Net income (loss) per share, basic (in usd per share)	`EarningsPerShareBasic`	$0.35	USD	2 Qtrs
Net income (loss) per share, diluted (in usd per share)	`EarningsPerShareDiluted`	$-0.32	USD	1 Quarter
Net income (loss) per share, diluted (in usd per share)	`EarningsPerShareDiluted`	$0.25	USD	1 Quarter
Net income (loss) per share, diluted (in usd per share)	`EarningsPerShareDiluted`	$0.31	USD	2 Qtrs
Net income (loss) per share, diluted (in usd per share)	`EarningsPerShareDiluted`	$-0.67	USD	2 Qtrs
Weighted-average shares used to compute net income (loss) per share, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	294.50M	shares	1 Quarter
Weighted-average shares used to compute net income (loss) per share, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	301.00M	shares	2 Qtrs
Weighted-average shares used to compute net income (loss) per share, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	302.30M	shares	1 Quarter
Weighted-average shares used to compute net income (loss) per share, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	293.70M	shares	2 Qtrs
Weighted-average shares used to compute net income (loss) per share, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	293.70M	shares	2 Qtrs
Weighted-average shares used to compute net income (loss) per share, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	335.00M	shares	2 Qtrs
Weighted-average shares used to compute net income (loss) per share, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	294.50M	shares	1 Quarter
Weighted-average shares used to compute net income (loss) per share, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	331.60M	shares	1 Quarter

Cash Flow Statement 71 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.35B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.12B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.92B	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$84.20M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-93.50M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-197.10M	USD	2 Qtrs
Restricted cash	`RestrictedCash`	$4.90M	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$104.20M	USD	2 Qtrs
Restricted cash	`RestrictedCash`	$5.80M	USD	Point-in-time
Total cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.88B	USD	Point-in-time
Total cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.35B	USD	Point-in-time
Total cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.93B	USD	Point-in-time
Total cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.12B	USD	Point-in-time
Share-based compensation for equity-based awards	`ShareBasedCompensation`	$524.20M	USD	2 Qtrs
Share-based compensation for equity-based awards	`ShareBasedCompensation`	$549.30M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$138.70M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$140.60M	USD	2 Qtrs
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$172.00M	USD	2 Qtrs
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$196.00M	USD	2 Qtrs
Amortization of debt discount and debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$3.50M	USD	2 Qtrs
Amortization of debt discount and debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$3.60M	USD	2 Qtrs
Reduction of operating lease right-of-use assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$25.10M	USD	2 Qtrs
Reduction of operating lease right-of-use assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$24.60M	USD	2 Qtrs
Amortization of investment premiums, net of accretion of purchase discounts	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$14.30M	USD	2 Qtrs
Amortization of investment premiums, net of accretion of purchase discounts	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-7.30M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-864.60M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-288.30M	USD	2 Qtrs
Deferred contract costs	`IncreaseDecreaseInContractWithCustomerAsset`	$152.90M	USD	2 Qtrs
Deferred contract costs	`IncreaseDecreaseInContractWithCustomerAsset`	$151.20M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$159.60M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$72.90M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$700.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$59.80M	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-68.30M	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-100.80M	USD	2 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-50.70M	USD	2 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-116.70M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$559.60M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$425.20M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.93B	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.07B	USD	2 Qtrs
Purchases of investments	`PaymentsToAcquireInvestments`	$3.72B	USD	2 Qtrs
Purchases of investments	`PaymentsToAcquireInvestments`	$1.06B	USD	2 Qtrs
Proceeds from sales of investments	`Proceedsfromthesaleofinvestments`	$282.20M	USD	2 Qtrs
Proceeds from sales of investments	`Proceedsfromthesaleofinvestments`	$499.60M	USD	2 Qtrs
Proceeds from maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$998.90M	USD	2 Qtrs
Proceeds from maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$401.60M	USD	2 Qtrs
Business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$185.60M	USD	2 Qtrs
Business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$17.40M	USD	2 Qtrs
Purchases of property, equipment, and other assets	`PaymentsToAcquireProductiveAssets`	$77.90M	USD	2 Qtrs
Purchases of property, equipment, and other assets	`PaymentsToAcquireProductiveAssets`	$115.30M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-504.20M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.48B	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$550.00M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$272.70M	USD	2 Qtrs
Proceeds from sales of shares through employee equity incentive plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$68.40M	USD	2 Qtrs
Proceeds from sales of shares through employee equity incentive plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$58.80M	USD	2 Qtrs
Payments for taxes related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$15.40M	USD	2 Qtrs
Payments for taxes related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$28.60M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-219.70M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-519.80M	USD	2 Qtrs
Net increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$47.50M	USD	2 Qtrs
Net increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-772.70M	USD	2 Qtrs
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`	$1.35B	USD	Point-in-time
Cash, cash equivalents, and restricted cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.93B	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`	$1.88B	USD	Point-in-time
Cash, cash equivalents, and restricted cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.35B	USD	Point-in-time
Cash, cash equivalents, and restricted cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.93B	USD	Point-in-time
Cash, cash equivalents, and restricted cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.12B	USD	Point-in-time

Stockholders Equity 40 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`	302.40M	shares	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$634.50M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$117.80M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$210.00M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$518.90M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$729.00M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$508.00M	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$84.20M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-93.50M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-197.10M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$104.20M	USD	2 Qtrs
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$44.50M	USD	2 Qtrs
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-18.90M	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$100.00M	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-20.30M	USD	2 Qtrs
Issuance of common stock in connection with employee equity incentive plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$69.00M	USD	2 Qtrs
Issuance of common stock in connection with employee equity incentive plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$59.20M	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`	$300.00K	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.50M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$15.40M	USD	2 Qtrs
Taxes paid related to net share settlement of equity awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$28.60M	USD	2 Qtrs
Taxes paid related to net share settlement of equity awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$8.60M	USD	1 Quarter
Share-based compensation for equity-based awards	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$287.50M	USD	1 Quarter
Share-based compensation for equity-based awards	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$269.60M	USD	1 Quarter
Share-based compensation for equity-based awards	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$566.70M	USD	2 Qtrs
Share-based compensation for equity-based awards	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$535.30M	USD	2 Qtrs
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$550.00M	USD	2 Qtrs
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$250.00M	USD	2 Qtrs
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$550.00M	USD	1 Quarter
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$250.00M	USD	1 Quarter
Common stock, ending balance (in shares)	`CommonStockSharesOutstanding`	298.80M	shares	Point-in-time
Common stock, ending balance (in shares)	`CommonStockSharesOutstanding`	302.40M	shares	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$634.50M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$117.80M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$210.00M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$518.90M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$729.00M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$508.00M	USD	Point-in-time

Comprehensive Income 28 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$84.20M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-93.50M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-197.10M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$104.20M	USD	2 Qtrs
Change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-11.00M	USD	2 Qtrs
Change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$5.70M	USD	2 Qtrs
Change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-8.80M	USD	1 Quarter
Change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$33.50M	USD	1 Quarter
Change in unrealized gains (losses)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$63.10M	USD	1 Quarter
Change in unrealized gains (losses)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$20.60M	USD	2 Qtrs
Change in unrealized gains (losses)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$-14.70M	USD	1 Quarter
Change in unrealized gains (losses)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$-16.60M	USD	2 Qtrs
Net realized losses reclassified into earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$-18.20M	USD	2 Qtrs
Net realized losses reclassified into earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$-7.30M	USD	2 Qtrs
Net realized losses reclassified into earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$-4.60M	USD	1 Quarter
Net realized losses reclassified into earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$-3.40M	USD	1 Quarter
Net change on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$38.80M	USD	2 Qtrs
Net change on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-9.30M	USD	2 Qtrs
Net change on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-10.10M	USD	1 Quarter
Net change on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$66.50M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$44.50M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-20.30M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-18.90M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$100.00M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$184.20M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-112.40M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-217.40M	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$148.70M	USD	2 Qtrs

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