10-Q Filing

PALO ALTO NETWORKS INC CIK: 1327567 Q1 2024

Filing Information

Form Type	10-Q
Accession Number	`0001327567-23-000032`
Period End Date	20231031
Filing Date	20231117
Fiscal Year	2024
Fiscal Period	Q1
XBRL Instance	panw-20231031_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 85 Income Statement 34 Cash Flow Statement 71 Stockholders Equity 24 Comprehensive Income 14

Balance Sheet 85 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$8.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.07B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.14B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.49B	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$7.80M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.40B	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.25B	USD	Point-in-time
Accounts receivable, net of allowance for credit losses of $8.2 and $7.8 as of October 31, 2023 and July 31, 2023, respectively	`AccountsReceivableNetCurrent`	$1.41B	USD	Point-in-time
Accounts receivable, net of allowance for credit losses of $8.2 and $7.8 as of October 31, 2023 and July 31, 2023, respectively	`AccountsReceivableNetCurrent`	$2.46B	USD	Point-in-time
Short-term financing receivables, net	`NotesAndLoansReceivableNetCurrent`	$388.80M	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 financing receivables, net	`NotesAndLoansReceivableNetCurrent`	$445.90M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Short-term deferred contract costs	`ContractWithCustomerAssetNetCurrent`	$339.20M	USD	Point-in-time
Short-term deferred contract costs	`ContractWithCustomerAssetNetCurrent`	$328.70M	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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$396.20M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$466.80M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$6.05B	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$6.48B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$354.50M	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
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$352.60M	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
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$274.30M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$263.30M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	313.70M	shares	Point-in-time
Long-term investments	`LongTermInvestments`	$2.99B	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$3.05B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	308.30M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	313.70M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	308.30M	shares	Point-in-time
Long-term financing receivables, net	`NotesAndLoansReceivableNetNoncurrent`	$639.80M	USD	Point-in-time
Long-term financing receivables, net	`NotesAndLoansReceivableNetNoncurrent`	$653.30M	USD	Point-in-time
Long-term deferred contract costs	`ContractWithCustomerAssetNetNoncurrent`	$515.40M	USD	Point-in-time
Long-term deferred contract costs	`ContractWithCustomerAssetNetNoncurrent`	$547.10M	USD	Point-in-time
Goodwill	`Goodwill`	$2.93B	USD	Point-in-time
Goodwill	`Goodwill`	$2.93B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$315.40M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$290.50M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$344.80M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$342.60M	USD	Point-in-time
Total assets	`Assets`	$14.50B	USD	Point-in-time
Total assets	`Assets`	$14.81B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$131.80M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$132.30M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$548.30M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$331.40M	USD	Point-in-time
Accrued and other liabilities	`AccruedLiabilitiesCurrent`	$390.80M	USD	Point-in-time
Accrued and other liabilities	`AccruedLiabilitiesCurrent`	$371.50M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$4.73B	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$4.67B	USD	Point-in-time
Convertible senior notes, net	`ConvertibleDebtCurrent`	$1.95B	USD	Point-in-time
Convertible senior notes, net	`ConvertibleDebtCurrent`	$1.99B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.51B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.74B	USD	Point-in-time
Long-term deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$4.62B	USD	Point-in-time
Long-term deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$4.71B	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$275.80M	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$279.20M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$138.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$114.20M	USD	Point-in-time
Liabilities	`Liabilities`	$12.75B	USD	Point-in-time
Liabilities	`Liabilities`	$12.64B	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 as of October 31, 2023 and July 31, 2023	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock; $0.0001 par value; 100.0 shares authorized; none issued and outstanding as of October 31, 2023 and July 31, 2023	`PreferredStockValue`	-	USD	Point-in-time
Common stock and additional paid-in capital; $0.0001 par value; 1,000.0 shares authorized; 313.7 and 308.3 shares issued and outstanding as of October 31, 2023 and July 31, 2023, respectively	`CommonStocksIncludingAdditionalPaidInCapital`	$3.02B	USD	Point-in-time
Common stock and additional paid-in capital; $0.0001 par value; 1,000.0 shares authorized; 313.7 and 308.3 shares issued and outstanding as of October 31, 2023 and July 31, 2023, respectively	`CommonStocksIncludingAdditionalPaidInCapital`	$3.30B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-93.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-43.20M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.03B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.23B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.17B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.75B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$14.81B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$14.50B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenue:	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.88B	USD	1 Quarter
Revenue:	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.56B	USD	1 Quarter
Cost of revenue:	`CostOfGoodsAndServicesSold`	$461.90M	USD	1 Quarter
Cost of revenue:	`CostOfGoodsAndServicesSold`	$472.80M	USD	1 Quarter
Total gross profit	`GrossProfit`	$1.10B	USD	1 Quarter
Total gross profit	`GrossProfit`	$1.41B	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$409.50M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$371.80M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$615.00M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$660.50M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$99.50M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$120.10M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.09B	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.19B	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$15.20M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$215.20M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.90M	USD	1 Quarter
Interest expense	`InterestExpense`	$6.80M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpenseNet`	$70.30M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpenseNet`	$26.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$282.60M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$34.40M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$88.40M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$14.40M	USD	1 Quarter
Net income	`NetIncomeLoss`	$20.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$194.20M	USD	1 Quarter
Net income (loss) per share, basic (in usd per share)	`EarningsPerShareBasic`	$0.63	USD	1 Quarter
Net income (loss) per share, basic (in usd per share)	`EarningsPerShareBasic`	$0.07	USD	1 Quarter
Net income (loss) per share, diluted (in usd per share)	`EarningsPerShareDiluted`	$0.06	USD	1 Quarter
Net income (loss) per share, diluted (in usd per share)	`EarningsPerShareDiluted`	$0.56	USD	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, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	310.10M	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`	349.80M	shares	1 Quarter

Cash Flow Statement 71 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.07B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.14B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.49B	USD	Point-in-time
Restricted cash	`RestrictedCash`	$6.00M	USD	Point-in-time
Net income	`NetIncomeLoss`	$20.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$194.20M	USD	1 Quarter
Restricted cash	`RestrictedCash`	$5.60M	USD	Point-in-time
Total cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.14B	USD	Point-in-time
Total cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.50B	USD	Point-in-time
Total cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.07B	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`	$271.00M	USD	1 Quarter
Share-based compensation for equity-based awards	`ShareBasedCompensation`	$266.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$64.30M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$70.70M	USD	1 Quarter
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$105.50M	USD	1 Quarter
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$97.00M	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$1.00M	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$1.80M	USD	1 Quarter
Reduction of operating lease right-of-use assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$12.10M	USD	1 Quarter
Reduction of operating lease right-of-use assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$12.40M	USD	1 Quarter
Amortization of investment premiums, net of accretion of purchase discounts	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$14.70M	USD	1 Quarter
Amortization of investment premiums, net of accretion of purchase discounts	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-1.70M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-1.05B	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-904.40M	USD	1 Quarter
Financing receivables, net	`IncreaseDecreaseInFinanceReceivables`	$12.40M	USD	1 Quarter
Financing receivables, net	`IncreaseDecreaseInFinanceReceivables`	$43.60M	USD	1 Quarter
Deferred contract costs	`IncreaseDecreaseInContractWithCustomerAsset`	$60.10M	USD	1 Quarter
Deferred contract costs	`IncreaseDecreaseInContractWithCustomerAsset`	$63.30M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$28.70M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-54.00M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.00M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-400.00K	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-192.30M	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-216.90M	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-34.10M	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-28.10M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$146.40M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$185.60M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.24B	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.53B	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	$854.70M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	$2.11B	USD	1 Quarter
Proceeds from sales of investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$304.60M	USD	1 Quarter
Proceeds from sales of investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$485.00M	USD	1 Quarter
Proceeds from maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$347.60M	USD	1 Quarter
Proceeds from maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$457.90M	USD	1 Quarter
Purchases of property, equipment, and other assets	`PaymentsToAcquireProductiveAssets`	$36.80M	USD	1 Quarter
Purchases of property, equipment, and other assets	`PaymentsToAcquireProductiveAssets`	$39.60M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-129.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.32B	USD	1 Quarter
Repayments of convertible senior notes	`RepaymentsOfConvertibleDebt`	-	USD	1 Quarter
Repayments of convertible senior notes	`RepaymentsOfConvertibleDebt`	$46.00M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$22.70M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$66.70M	USD	1 Quarter
Proceeds from sales of shares through employee equity incentive plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$86.40M	USD	1 Quarter
Proceeds from sales of shares through employee equity incentive plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$67.70M	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`	$15.50M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$31.10M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-41.80M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.36B	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-52.00M	USD	1 Quarter
Cash, cash equivalents, and restricted cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.14B	USD	Point-in-time
Cash, cash equivalents, and restricted cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.50B	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`	$1.14B	USD	Point-in-time
Cash, cash equivalents, and restricted cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.50B	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 24 line items

Line Item	Tag	Value	Unit	Period
Common stock, beginning balance (in shares)	`CommonStockSharesOutstanding`	313.70M	shares	Point-in-time
Common stock, beginning balance (in shares)	`CommonStockSharesOutstanding`	308.30M	shares	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$508.00M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.17B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$210.00M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.75B	USD	Point-in-time
Net income	`NetIncomeLoss`	$20.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$194.20M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-49.80M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-55.50M	USD	1 Quarter
Issuance of common stock in connection with employee equity incentive plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$87.00M	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`	$15.50M	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`	$279.20M	USD	1 Quarter
Share-based compensation for equity-based awards	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$273.10M	USD	1 Quarter
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$66.70M	USD	1 Quarter
Settlement of convertible notes	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$-200.00K	USD	1 Quarter
Common stock, ending balance (in shares)	`CommonStockSharesOutstanding`	313.70M	shares	Point-in-time
Common stock, ending balance (in shares)	`CommonStockSharesOutstanding`	308.30M	shares	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$508.00M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.17B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$210.00M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.75B	USD	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$20.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$194.20M	USD	1 Quarter
Change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-27.80M	USD	1 Quarter
Change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-18.20M	USD	1 Quarter
Change in unrealized gains (losses)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$-42.50M	USD	1 Quarter
Change in unrealized gains (losses)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$-40.90M	USD	1 Quarter
Net realized (gains) losses reclassified into earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$-9.30M	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`	$-31.60M	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-49.80M	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-55.50M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$144.40M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-35.50M	USD	1 Quarter

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