10-Q Filing

PALO ALTO NETWORKS INC CIK: 1327567 Q2 2024

Filing Information

Form Type	10-Q
Accession Number	`0001327567-24-000005`
Period End Date	20240131
Filing Date	20240221
Fiscal Year	2024
Fiscal Period	Q2
XBRL Instance	panw-20240131_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 89 Income Statement 68 Cash Flow Statement 78 Stockholders Equity 41 Comprehensive Income 28

Balance Sheet 89 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.35B	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$7.80M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$6.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.14B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.78B	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.59B	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.25B	USD	Point-in-time
Accounts receivable, net of allowance for credit losses of $6.5 and $7.8 as of January 31, 2024 and July 31, 2023, respectively	`AccountsReceivableNetCurrent`	$2.46B	USD	Point-in-time
Accounts receivable, net of allowance for credit losses of $6.5 and $7.8 as of January 31, 2024 and July 31, 2023, respectively	`AccountsReceivableNetCurrent`	$1.90B	USD	Point-in-time
Short-term financing receivables, net	`NotesAndLoansReceivableNetCurrent`	$445.50M	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`	$388.80M	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`	$328.00M	USD	Point-in-time
Short-term deferred contract costs	`ContractWithCustomerAssetNetCurrent`	$339.20M	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`	$405.90M	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 issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	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
Total current assets	`AssetsCurrent`	$6.05B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.45B	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	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
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$352.30M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$263.30M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$355.80M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$3.05B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	322.70M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	308.30M	shares	Point-in-time
Long-term investments	`LongTermInvestments`	$3.62B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	322.70M	shares	Point-in-time
Long-term financing receivables, net	`NotesAndLoansReceivableNetNoncurrent`	$639.90M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	308.30M	shares	Point-in-time
Long-term financing receivables, net	`NotesAndLoansReceivableNetNoncurrent`	$653.30M	USD	Point-in-time
Long-term deferred contract costs	`ContractWithCustomerAssetNetNoncurrent`	$504.60M	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`	$3.37B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$315.40M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$440.10M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$2.23B	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$23.10M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$321.70M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$326.00M	USD	Point-in-time
Total assets	`Assets`	$14.50B	USD	Point-in-time
Total assets	`Assets`	$18.29B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$132.30M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$178.80M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$548.30M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$452.60M	USD	Point-in-time
Accrued and other liabilities	`AccruedLiabilitiesCurrent`	$390.80M	USD	Point-in-time
Accrued and other liabilities	`AccruedLiabilitiesCurrent`	$394.20M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$4.67B	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$4.92B	USD	Point-in-time
Convertible senior notes, net	`ConvertibleDebtCurrent`	$1.82B	USD	Point-in-time
Convertible senior notes, net	`ConvertibleDebtCurrent`	$1.99B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.77B	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`	$4.90B	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$588.50M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$28.10M	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$279.20M	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$362.70M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$86.10M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$317.80M	USD	Point-in-time
Total liabilities	`Liabilities`	$12.75B	USD	Point-in-time
Total liabilities	`Liabilities`	$13.93B	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 as of January 31, 2024 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 January 31, 2024 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; 322.7 and 308.3 shares issued and outstanding as of January 31, 2024 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; 322.7 and 308.3 shares issued and outstanding as of January 31, 2024 and July 31, 2023, respectively	`CommonStocksIncludingAdditionalPaidInCapital`	$3.65B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.50M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-43.20M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-1.23B	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$713.70M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$4.36B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.75B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$14.50B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$18.29B	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Revenue:	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.22B	USD	2 Qtrs
Revenue:	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.66B	USD	1 Quarter
Revenue:	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.98B	USD	1 Quarter
Revenue:	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.85B	USD	2 Qtrs
Cost of revenue:	`CostOfGoodsAndServicesSold`	$928.10M	USD	2 Qtrs
Cost of revenue:	`CostOfGoodsAndServicesSold`	$499.10M	USD	1 Quarter
Cost of revenue:	`CostOfGoodsAndServicesSold`	$971.90M	USD	2 Qtrs
Cost of revenue:	`CostOfGoodsAndServicesSold`	$466.20M	USD	1 Quarter
Total gross profit	`GrossProfit`	$2.88B	USD	2 Qtrs
Total gross profit	`GrossProfit`	$1.48B	USD	1 Quarter
Total gross profit	`GrossProfit`	$1.19B	USD	1 Quarter
Total gross profit	`GrossProfit`	$2.29B	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$775.90M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$404.10M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$857.40M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$447.90M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$1.24B	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$673.00M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$625.50M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$1.33B	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$301.50M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$119.40M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$421.60M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$218.90M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$2.24B	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$1.15B	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.61B	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$1.42B	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$39.90M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$53.60M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$55.10M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$268.80M	USD	2 Qtrs
Interest expense	`InterestExpense`	$5.70M	USD	2 Qtrs
Interest expense	`InterestExpense`	$2.80M	USD	1 Quarter
Interest expense	`InterestExpense`	$6.90M	USD	1 Quarter
Interest expense	`InterestExpense`	$13.70M	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpenseNet`	$84.70M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpenseNet`	$77.40M	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpenseNet`	$51.40M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpenseNet`	$155.00M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$418.10M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$135.50M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$84.40M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$118.80M	USD	2 Qtrs
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$14.60M	USD	2 Qtrs
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$-1.61B	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$200.00K	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$-1.52B	USD	2 Qtrs
Net income	`NetIncomeLoss`	$104.20M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$84.20M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.75B	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.94B	USD	2 Qtrs
Net income per share, basic (in usd per share)	`EarningsPerShareBasic`	$6.16	USD	2 Qtrs
Net income per share, basic (in usd per share)	`EarningsPerShareBasic`	$0.35	USD	2 Qtrs
Net income per share, basic (in usd per share)	`EarningsPerShareBasic`	$0.28	USD	1 Quarter
Net income per share, basic (in usd per share)	`EarningsPerShareBasic`	$5.47	USD	1 Quarter
Net income per share, diluted (in usd per share)	`EarningsPerShareDiluted`	$4.89	USD	1 Quarter
Net income per share, diluted (in usd per share)	`EarningsPerShareDiluted`	$5.49	USD	2 Qtrs
Net income per share, diluted (in usd per share)	`EarningsPerShareDiluted`	$0.25	USD	1 Quarter
Net income per share, diluted (in usd per share)	`EarningsPerShareDiluted`	$0.31	USD	2 Qtrs
Weighted-average shares used to compute net income per share, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	302.30M	shares	1 Quarter
Weighted-average shares used to compute net income per share, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	314.90M	shares	2 Qtrs
Weighted-average shares used to compute net income per share, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	301.00M	shares	2 Qtrs
Weighted-average shares used to compute net income per share, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	319.60M	shares	1 Quarter
Weighted-average shares used to compute net income per share, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	335.00M	shares	2 Qtrs
Weighted-average shares used to compute net income per share, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	331.60M	shares	1 Quarter
Weighted-average shares used to compute net income per share, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	357.50M	shares	1 Quarter
Weighted-average shares used to compute net income per share, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	353.70M	shares	2 Qtrs

Cash Flow Statement 78 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$104.20M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$84.20M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.75B	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.94B	USD	2 Qtrs
Share-based compensation for equity-based awards	`ShareBasedCompensation`	$543.00M	USD	2 Qtrs
Share-based compensation for equity-based awards	`ShareBasedCompensation`	$549.30M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-1.69B	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$2.50M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$132.90M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$140.60M	USD	2 Qtrs
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$196.00M	USD	2 Qtrs
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.35B	USD	Point-in-time
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$214.40M	USD	2 Qtrs
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.14B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.78B	USD	Point-in-time
Amortization of debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$2.10M	USD	2 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$3.50M	USD	2 Qtrs
Total cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.79B	USD	Point-in-time
Total cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.14B	USD	Point-in-time
Reduction of operating lease right-of-use assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$26.10M	USD	2 Qtrs
Total cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.35B	USD	Point-in-time
Reduction of operating lease right-of-use assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$24.60M	USD	2 Qtrs
Total cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.12B	USD	Point-in-time
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`	$30.90M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-864.60M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-568.00M	USD	2 Qtrs
Financing receivables, net	`IncreaseDecreaseInFinanceReceivables`	$86.50M	USD	2 Qtrs
Financing receivables, net	`IncreaseDecreaseInFinanceReceivables`	$43.30M	USD	2 Qtrs
Deferred contract costs	`IncreaseDecreaseInContractWithCustomerAsset`	$159.30M	USD	2 Qtrs
Deferred contract costs	`IncreaseDecreaseInContractWithCustomerAsset`	$152.90M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$78.40M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-45.90M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$700.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$47.30M	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-98.30M	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-68.30M	USD	2 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$199.80M	USD	2 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-113.90M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$518.50M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$559.60M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.22B	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.93B	USD	2 Qtrs
Purchases of investments	`PaymentsToAcquireInvestments`	$2.01B	USD	2 Qtrs
Purchases of investments	`PaymentsToAcquireInvestments`	$3.72B	USD	2 Qtrs
Proceeds from sales of investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$431.20M	USD	2 Qtrs
Proceeds from sales of investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$499.60M	USD	2 Qtrs
Proceeds from maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$808.30M	USD	2 Qtrs
Proceeds from maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$998.90M	USD	2 Qtrs
Business acquisitions, net of cash and restricted cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$185.60M	USD	2 Qtrs
Business acquisitions, net of cash and restricted cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$610.60M	USD	2 Qtrs
Purchases of property, equipment, and other assets	`PaymentsToAcquireProductiveAssets`	$72.00M	USD	2 Qtrs
Purchases of property, equipment, and other assets	`PaymentsToAcquireProductiveAssets`	$77.90M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.45B	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.48B	USD	2 Qtrs
Repayments of convertible senior notes	`RepaymentsOfConvertibleDebt`	-	USD	2 Qtrs
Repayments of convertible senior notes	`RepaymentsOfConvertibleDebt`	$172.30M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$272.70M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$66.70M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
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`	$143.90M	USD	2 Qtrs
Payments for taxes related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$19.30M	USD	2 Qtrs
Payments for taxes related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$15.40M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-114.40M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-219.70M	USD	2 Qtrs
Net increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-772.70M	USD	2 Qtrs
Net increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$647.10M	USD	2 Qtrs
Cash, cash equivalents, and restricted cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.79B	USD	Point-in-time
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`	$1.35B	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`	$1.79B	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`	$1.35B	USD	Point-in-time
Cash, cash equivalents, and restricted cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.12B	USD	Point-in-time
Equity consideration for business acquisitions	`NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationValue`	$-300.00K	USD	2 Qtrs
Equity consideration for business acquisitions	`NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationValue`	$-27.40M	USD	2 Qtrs

Stockholders Equity 41 line items

Line Item	Tag	Value	Unit	Period
Common stock, beginning balance (in shares)	`CommonStockSharesOutstanding`	322.70M	shares	Point-in-time
Common stock, beginning balance (in shares)	`CommonStockSharesOutstanding`	308.30M	shares	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.36B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$508.00M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$210.00M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.75B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$729.00M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.17B	USD	Point-in-time
Net income	`NetIncomeLoss`	$104.20M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$84.20M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.75B	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.94B	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$44.50M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$100.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$36.70M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$86.50M	USD	1 Quarter
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`	$55.30M	USD	1 Quarter
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`	$142.30M	USD	2 Qtrs
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`	$19.30M	USD	2 Qtrs
Taxes paid related to net share settlement of equity awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.80M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$15.40M	USD	2 Qtrs
Share-based compensation for equity-based awards	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$302.10M	USD	1 Quarter
Share-based compensation for equity-based awards	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$575.20M	USD	2 Qtrs
Share-based compensation for equity-based awards	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$566.70M	USD	2 Qtrs
Share-based compensation for equity-based awards	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$287.50M	USD	1 Quarter
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$66.70M	USD	2 Qtrs
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$250.00M	USD	1 Quarter
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$250.00M	USD	2 Qtrs
Settlement of convertible notes	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$-300.00K	USD	1 Quarter
Settlement of convertible notes	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$-500.00K	USD	2 Qtrs
Common stock, ending balance (in shares)	`CommonStockSharesOutstanding`	322.70M	shares	Point-in-time
Common stock, ending balance (in shares)	`CommonStockSharesOutstanding`	308.30M	shares	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.36B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$508.00M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$210.00M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.75B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$729.00M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.17B	USD	Point-in-time

Comprehensive Income 28 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$104.20M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$84.20M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.75B	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.94B	USD	2 Qtrs
Change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$33.50M	USD	1 Quarter
Change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$5.70M	USD	2 Qtrs
Change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$41.90M	USD	2 Qtrs
Change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$60.10M	USD	1 Quarter
Change in unrealized gains (losses)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$63.10M	USD	1 Quarter
Change in unrealized gains (losses)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$27.60M	USD	1 Quarter
Change in unrealized gains (losses)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$20.60M	USD	2 Qtrs
Change in unrealized gains (losses)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$-13.30M	USD	2 Qtrs
Net realized (gains) losses reclassified into earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$-3.40M	USD	1 Quarter
Net realized (gains) losses reclassified into earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$-18.20M	USD	2 Qtrs
Net realized (gains) losses reclassified into earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$1.20M	USD	1 Quarter
Net realized (gains) losses reclassified into earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$-8.10M	USD	2 Qtrs
Net change on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$66.50M	USD	1 Quarter
Net change on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-5.20M	USD	2 Qtrs
Net change on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$38.80M	USD	2 Qtrs
Net change on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$26.40M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$100.00M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$44.50M	USD	2 Qtrs
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$86.50M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$36.70M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$148.70M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.98B	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$184.20M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.83B	USD	1 Quarter

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