10-Q Filing

PALO ALTO NETWORKS INC CIK: 1327567 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001327567-23-000014`
Period End Date	20230430
Filing Date	20230524
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	panw-20230430_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 68 Cash Flow Statement 71 Stockholders Equity 38 Comprehensive Income 28

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.42B	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$8.90M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$8.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.12B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.99B	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.97B	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.52B	USD	Point-in-time
Accounts receivable, net of allowance for credit losses of $8.6 and $8.9 at April 30, 2023 and July 31, 2022, respectively	`AccountsReceivableNetCurrent`	$1.44B	USD	Point-in-time
Accounts receivable, net of allowance for credit losses of $8.6 and $8.9 at April 30, 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`	$317.70M	USD	Point-in-time
Short-term deferred contract costs	`ContractWithCustomerAssetNetCurrent`	$317.30M	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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$694.50M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$320.20M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.41B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.41B	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
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$341.70M	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
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$357.80M	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`	$248.30M	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
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$1.05B	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Long-term investments	`LongTermInvestments`	$2.71B	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Long-term deferred contract costs	`ContractWithCustomerAssetNetNoncurrent`	$550.10M	USD	Point-in-time
Long-term deferred contract costs	`ContractWithCustomerAssetNetNoncurrent`	$503.60M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	305.60M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	298.80M	shares	Point-in-time
Goodwill	`Goodwill`	$2.93B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	305.60M	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
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$340.60M	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`	$686.10M	USD	Point-in-time
Total assets	`Assets`	$12.25B	USD	Point-in-time
Total assets	`Assets`	$14.17B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$128.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$91.60M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$461.10M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$344.70M	USD	Point-in-time
Accrued and other liabilities	`AccruedLiabilitiesCurrent`	$399.20M	USD	Point-in-time
Accrued and other liabilities	`AccruedLiabilitiesCurrent`	$376.10M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$3.64B	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$4.15B	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`	$8.64B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.31B	USD	Point-in-time
Long-term deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$3.94B	USD	Point-in-time
Long-term deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$3.35B	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$264.50M	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$276.10M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$89.50M	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`	$12.94B	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 April 30, 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 April 30, 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; 305.6 and 298.8 shares issued and outstanding at April 30, 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; 305.6 and 298.8 shares issued and outstanding at April 30, 2023 and July 31, 2022, respectively	`CommonStocksIncludingAdditionalPaidInCapital`	$2.71B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-20.70M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-55.60M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.46B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.67B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.23B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$210.00M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$12.25B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$14.17B	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Revenue:	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.95B	USD	3 Qtrs
Revenue:	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.72B	USD	1 Quarter
Revenue:	`RevenueFromContractWithCustomerExcludingAssessedTax`	$4.94B	USD	3 Qtrs
Revenue:	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.39B	USD	1 Quarter
Cost of revenue:	`CostOfGoodsAndServicesSold`	$1.23B	USD	3 Qtrs
Cost of revenue:	`CostOfGoodsAndServicesSold`	$440.50M	USD	1 Quarter
Cost of revenue:	`CostOfGoodsAndServicesSold`	$474.80M	USD	1 Quarter
Cost of revenue:	`CostOfGoodsAndServicesSold`	$1.40B	USD	3 Qtrs
Total gross profit	`GrossProfit`	$3.54B	USD	3 Qtrs
Total gross profit	`GrossProfit`	$1.25B	USD	1 Quarter
Total gross profit	`GrossProfit`	$946.20M	USD	1 Quarter
Total gross profit	`GrossProfit`	$2.72B	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.05B	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$355.40M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$413.70M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.19B	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$1.58B	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$639.50M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$543.60M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$1.88B	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$94.80M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$114.20M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$296.60M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$333.10M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$3.40B	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$993.80M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.93B	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$1.17B	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$78.70M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-204.20M	USD	3 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$133.80M	USD	3 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$-47.60M	USD	1 Quarter
Interest expense	`InterestExpense`	$21.50M	USD	3 Qtrs
Interest expense	`InterestExpense`	$20.50M	USD	3 Qtrs
Interest expense	`InterestExpense`	$7.80M	USD	1 Quarter
Interest expense	`InterestExpense`	$6.80M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpenseNet`	$1.90M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpenseNet`	$60.10M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpenseNet`	$137.50M	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpenseNet`	$200.00K	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$131.00M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-224.50M	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$249.80M	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-52.50M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$37.80M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$20.70M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$45.80M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$23.20M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$107.80M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$212.00M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-270.30M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-73.20M	USD	1 Quarter
Net income (loss) per share, basic (in usd per share)	`EarningsPerShareBasic`	$-0.25	USD	1 Quarter
Net income (loss) per share, basic (in usd per share)	`EarningsPerShareBasic`	$-0.92	USD	3 Qtrs
Net income (loss) per share, basic (in usd per share)	`EarningsPerShareBasic`	$0.35	USD	1 Quarter
Net income (loss) per share, basic (in usd per share)	`EarningsPerShareBasic`	$0.70	USD	3 Qtrs
Net income (loss) per share, diluted (in usd per share)	`EarningsPerShareDiluted`	$-0.92	USD	3 Qtrs
Net income (loss) per share, diluted (in usd per share)	`EarningsPerShareDiluted`	$0.31	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`	$0.63	USD	3 Qtrs
Weighted-average shares used to compute net income (loss) per share, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	296.70M	shares	1 Quarter
Weighted-average shares used to compute net income (loss) per share, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	303.90M	shares	1 Quarter
Weighted-average shares used to compute net income (loss) per share, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	294.70M	shares	3 Qtrs
Weighted-average shares used to compute net income (loss) per share, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	302.00M	shares	3 Qtrs
Weighted-average shares used to compute net income (loss) per share, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	296.70M	shares	1 Quarter
Weighted-average shares used to compute net income (loss) per share, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	338.10M	shares	3 Qtrs
Weighted-average shares used to compute net income (loss) per share, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	344.70M	shares	1 Quarter
Weighted-average shares used to compute net income (loss) per share, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	294.70M	shares	3 Qtrs

Cash Flow Statement 71 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.42B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.12B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.99B	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$107.80M	USD	1 Quarter
Restricted cash	`RestrictedCash`	$7.40M	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$212.00M	USD	3 Qtrs
Restricted cash	`RestrictedCash`	$6.40M	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$-270.30M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-73.20M	USD	1 Quarter
Total cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.00B	USD	Point-in-time
Total cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.43B	USD	Point-in-time
Total cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.12B	USD	Point-in-time
Total cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.88B	USD	Point-in-time
Share-based compensation for equity-based awards	`ShareBasedCompensation`	$771.50M	USD	3 Qtrs
Share-based compensation for equity-based awards	`ShareBasedCompensation`	$820.30M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$210.10M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$212.90M	USD	3 Qtrs
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$297.40M	USD	3 Qtrs
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$261.10M	USD	3 Qtrs
Amortization of debt discount and debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$5.40M	USD	3 Qtrs
Amortization of debt discount and debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$5.30M	USD	3 Qtrs
Reduction of operating lease right-of-use assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$36.70M	USD	3 Qtrs
Reduction of operating lease right-of-use assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$37.50M	USD	3 Qtrs
Amortization of investment premiums, net of accretion of purchase discounts	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-10.50M	USD	3 Qtrs
Amortization of investment premiums, net of accretion of purchase discounts	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$34.40M	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-699.30M	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$100.00K	USD	3 Qtrs
Deferred contract costs	`IncreaseDecreaseInContractWithCustomerAsset`	$250.50M	USD	3 Qtrs
Deferred contract costs	`IncreaseDecreaseInContractWithCustomerAsset`	$257.10M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$496.30M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$98.90M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-36.30M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$51.60M	USD	3 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-65.40M	USD	3 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-119.20M	USD	3 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-78.70M	USD	3 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-30.30M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$835.40M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$1.09B	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.36B	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.46B	USD	3 Qtrs
Purchases of investments	`PaymentsToAcquireInvestments`	$4.46B	USD	3 Qtrs
Purchases of investments	`PaymentsToAcquireInvestments`	$1.30B	USD	3 Qtrs
Proceeds from sales of investments	`Proceedsfromthesaleofinvestments`	$289.20M	USD	3 Qtrs
Proceeds from sales of investments	`Proceedsfromthesaleofinvestments`	$875.00M	USD	3 Qtrs
Proceeds from maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$716.90M	USD	3 Qtrs
Proceeds from maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$1.50B	USD	3 Qtrs
Business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$17.40M	USD	3 Qtrs
Business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$204.50M	USD	3 Qtrs
Purchases of property, equipment, and other assets	`PaymentsToAcquireProductiveAssets`	$153.60M	USD	3 Qtrs
Purchases of property, equipment, and other assets	`PaymentsToAcquireProductiveAssets`	$109.10M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-461.30M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.40B	USD	3 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$272.70M	USD	3 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$550.00M	USD	3 Qtrs
Proceeds from sales of shares through employee equity incentive plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$136.30M	USD	3 Qtrs
Proceeds from sales of shares through employee equity incentive plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$198.70M	USD	3 Qtrs
Payments for taxes related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$17.50M	USD	3 Qtrs
Payments for taxes related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$39.80M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-91.50M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-453.50M	USD	3 Qtrs
Net increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$546.20M	USD	3 Qtrs
Net increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-124.50M	USD	3 Qtrs
Cash, cash equivalents, and restricted cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.00B	USD	Point-in-time
Cash, cash equivalents, and restricted cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.43B	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 - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.88B	USD	Point-in-time
Cash, cash equivalents, and restricted cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.00B	USD	Point-in-time
Cash, cash equivalents, and restricted cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.43B	USD	Point-in-time
Cash, cash equivalents, and restricted cash - end 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

Stockholders Equity 38 line items

Line Item	Tag	Value	Unit	Period
Common stock, beginning balance (in shares)	`CommonStockSharesOutstanding`	305.60M	shares	Point-in-time
Common stock, beginning balance (in shares)	`CommonStockSharesOutstanding`	298.80M	shares	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$210.00M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.23B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$337.60M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$634.50M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$117.80M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$729.00M	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$107.80M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$212.00M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-270.30M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-73.20M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$34.90M	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-9.60M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-48.40M	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-28.10M	USD	1 Quarter
Issuance of common stock in connection with employee equity incentive plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$199.70M	USD	3 Qtrs
Issuance of common stock in connection with employee equity incentive plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$137.00M	USD	3 Qtrs
Issuance of common stock in connection with employee equity incentive plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$77.80M	USD	1 Quarter
Issuance of common stock in connection with employee equity incentive plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$130.70M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$39.80M	USD	3 Qtrs
Taxes paid related to net share settlement of equity awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$11.20M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.10M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$17.50M	USD	3 Qtrs
Share-based compensation for equity-based awards	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$789.80M	USD	3 Qtrs
Share-based compensation for equity-based awards	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$843.30M	USD	3 Qtrs
Share-based compensation for equity-based awards	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$254.50M	USD	1 Quarter
Share-based compensation for equity-based awards	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$276.60M	USD	1 Quarter
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$550.00M	USD	3 Qtrs
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$250.00M	USD	3 Qtrs
Common stock, ending balance (in shares)	`CommonStockSharesOutstanding`	305.60M	shares	Point-in-time
Common stock, ending balance (in shares)	`CommonStockSharesOutstanding`	298.80M	shares	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$210.00M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.23B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$337.60M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$634.50M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$117.80M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$729.00M	USD	Point-in-time

Comprehensive Income 28 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$107.80M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$212.00M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-270.30M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-73.20M	USD	1 Quarter
Change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-25.60M	USD	3 Qtrs
Change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$1.80M	USD	1 Quarter
Change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$7.50M	USD	3 Qtrs
Change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-14.60M	USD	1 Quarter
Change in unrealized gains (losses)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$2.90M	USD	3 Qtrs
Change in unrealized gains (losses)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$-17.70M	USD	1 Quarter
Change in unrealized gains (losses)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$-21.60M	USD	1 Quarter
Change in unrealized gains (losses)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$-38.20M	USD	3 Qtrs
Net realized losses reclassified into earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$-24.50M	USD	3 Qtrs
Net realized losses reclassified into earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$-15.40M	USD	3 Qtrs
Net realized losses reclassified into earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$-8.10M	USD	1 Quarter
Net realized losses reclassified into earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$-6.30M	USD	1 Quarter
Net change on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-11.40M	USD	1 Quarter
Net change on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-22.80M	USD	3 Qtrs
Net change on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-13.50M	USD	1 Quarter
Net change on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$27.40M	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-28.10M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$34.90M	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-9.60M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-48.40M	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$246.90M	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$98.20M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-101.30M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-318.70M	USD	3 Qtrs

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