10-K Filing

UBIQUITI INC. CIK: 1511737 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001511737-23-000061`
Period End Date	20230630
Filing Date	20230825
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	ubnt-20230630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 54 Cash Flow Statement 122 Stockholders Equity 37

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$52.00K	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$92.00K	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$136.22M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$114.83M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Investments short-term	`ShortTermInvestments`	$427.00K	USD	Point-in-time
Investments short-term	`ShortTermInvestments`	$109.00K	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $92 and $52 at June 30, 2023 and 2022 respectively	`AccountsReceivableNetCurrent`	$119.63M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $92 and $52 at June 30, 2023 and 2022 respectively	`AccountsReceivableNetCurrent`	$167.79M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Inventories	`InventoryNet`	$262.44M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Inventories	`InventoryNet`	$737.12M	USD	Point-in-time
Common Stock, Shares, Issued (in shares)	`CommonStockSharesIssued`	60.42M	shares	Point-in-time
Common Stock, Shares, Issued (in shares)	`CommonStockSharesIssued`	60.44M	shares	Point-in-time
Vendor deposits	`VendorDepositsCurrent`	$125.23M	USD	Point-in-time
Vendor deposits	`VendorDepositsCurrent`	$89.66M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$21.97M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	60.42M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$13.19M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	60.44M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.17B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$621.57M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$80.23M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$86.84M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$57.48M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$64.23M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$23.70M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$6.62M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$71.32M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$72.06M	USD	Point-in-time
Total assets	`Assets`	$844.71M	USD	Point-in-time
Total assets	`Assets`	$1.41B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$83.66M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$154.16M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$14.06M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$19.31M	USD	Point-in-time
Debt short-term	`ShortTermBorrowings`	$23.86M	USD	Point-in-time
Debt short-term	`ShortTermBorrowings`	$36.51M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$189.36M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$141.84M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$351.82M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$310.95M	USD	Point-in-time
Income taxes payable long-term	`AccruedIncomeTaxesNoncurrent`	$74.88M	USD	Point-in-time
Income taxes payable long-term	`AccruedIncomeTaxesNoncurrent`	$94.17M	USD	Point-in-time
Operating lease liabilities long-term	`OperatingLeaseLiabilityNoncurrent`	$46.05M	USD	Point-in-time
Operating lease liabilities long-term	`OperatingLeaseLiabilityNoncurrent`	$54.02M	USD	Point-in-time
Debt long-term	`LongTermDebtNoncurrent`	$1.04B	USD	Point-in-time
Debt long-term	`LongTermDebtNoncurrent`	$762.62M	USD	Point-in-time
Deferred tax liability long-term	`DeferredIncomeTaxLiabilitiesNet`	$226.00K	USD	Point-in-time
Deferred tax liability long-term	`DeferredIncomeTaxLiabilitiesNet`	-	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$7.77M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$5.82M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.52B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.23B	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$0.001 par value; 50,000,000 shares authorized; none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock$0.001 par value; 50,000,000 shares authorized; none issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock$0.001 par value; 500,000,000 shares authorized: 60,441,896 and 60,420,525 outstanding at June 30, 2023 and 2022, respectively	`CommonStockValue`	$60.00K	USD	Point-in-time
Common stock$0.001 par value; 500,000,000 shares authorized: 60,441,896 and 60,420,525 outstanding at June 30, 2023 and 2022, respectively	`CommonStockValue`	$60.00K	USD	Point-in-time
Additional paidin capital	`AdditionalPaidInCapital`	$650.00K	USD	Point-in-time
Additional paidin capital	`AdditionalPaidInCapital`	$4.72M	USD	Point-in-time
Accumulated other comprehensive (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-474.00K	USD	Point-in-time
Accumulated other comprehensive (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-120.51M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-383.11M	USD	Point-in-time
Total stockholders (deficit)	`StockholdersEquity`	$-115.73M	USD	Point-in-time
Total stockholders (deficit)	`StockholdersEquity`	$-295.46M	USD	Point-in-time
Total stockholders (deficit)	`StockholdersEquity`	$-382.88M	USD	Point-in-time
Total stockholders (deficit)	`StockholdersEquity`	$2.70M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$844.71M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$1.41B	USD	Point-in-time

Income Statement 54 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.69B	USD	Annual
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.90B	USD	Annual
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.94B	USD	Annual
Cost of revenues	`CostOfGoodsAndServicesSold`	$985.82M	USD	Annual
Cost of revenues	`CostOfGoodsAndServicesSold`	$1.02B	USD	Annual
Cost of revenues	`CostOfGoodsAndServicesSold`	$1.18B	USD	Annual
Gross profit	`GrossProfit`	$760.73M	USD	Annual
Gross profit	`GrossProfit`	$669.81M	USD	Annual
Gross profit	`GrossProfit`	$912.28M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$116.17M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$145.17M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$137.69M	USD	Annual
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$70.99M	USD	Annual
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$69.86M	USD	Annual
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$53.51M	USD	Annual
Total operating expenses	`OperatingExpenses`	$216.16M	USD	Annual
Total operating expenses	`OperatingExpenses`	$207.55M	USD	Annual
Total operating expenses	`OperatingExpenses`	$169.68M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$742.59M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$544.57M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$462.26M	USD	Annual
Interest expense and other, net	`OtherNonoperatingIncomeExpense`	$-14.94M	USD	Annual
Interest expense and other, net	`OtherNonoperatingIncomeExpense`	$-17.82M	USD	Annual
Interest expense and other, net	`OtherNonoperatingIncomeExpense`	$-58.22M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$444.45M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$486.34M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$727.65M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$78.70M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$65.79M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$111.07M	USD	Annual
Net income	`NetIncomeLoss`	$378.66M	USD	Annual
Net income	`NetIncomeLoss`	$616.58M	USD	Annual
Net income	`NetIncomeLoss`	$407.64M	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$9.79	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$6.14	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$6.75	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$9.78	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$6.74	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$6.13	USD	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	61.69M	shares	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	62.99M	shares	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	60.44M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	63.05M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	60.45M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	61.72M	shares	Annual
Unrealized losses on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-8.00K	USD	Annual
Unrealized losses on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-475.00K	USD	Annual
Unrealized losses on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	Annual
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	-	USD	Annual
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-475.00K	USD	Annual
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-8.00K	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$378.18M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$407.64M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$616.58M	USD	Annual

Cash Flow Statement 122 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$378.66M	USD	Annual
Net income	`NetIncomeLoss`	$616.58M	USD	Annual
Net income	`NetIncomeLoss`	$407.64M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$12.10M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.29M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$13.69M	USD	Annual
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$1.41M	USD	Annual
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$1.32M	USD	Annual
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$1.79M	USD	Annual
Non-cash lease expense	`OperatingLeaseNonCashLeaseExpense`	$362.00K	USD	Annual
Non-cash lease expense	`OperatingLeaseNonCashLeaseExpense`	$251.00K	USD	Annual
Non-cash lease expense	`OperatingLeaseNonCashLeaseExpense`	$1.14M	USD	Annual
Premium amortization and (discount accretion), net	`AmortizationOfDebtDiscountPremium`	$16.00K	USD	Annual
Premium amortization and (discount accretion), net	`AmortizationOfDebtDiscountPremium`	$88.00K	USD	Annual
Premium amortization and (discount accretion), net	`AmortizationOfDebtDiscountPremium`	-	USD	Annual
Write off unamortized debt issuance costs	`WriteOffOfDeferredDebtIssuanceCost`	-	USD	Annual
Write off unamortized debt issuance costs	`WriteOffOfDeferredDebtIssuanceCost`	-	USD	Annual
Write off unamortized debt issuance costs	`WriteOffOfDeferredDebtIssuanceCost`	$267.00K	USD	Annual
Provision for inventory obsolescence	`InventoryWriteDown`	$13.39M	USD	Annual
Provision for inventory obsolescence	`InventoryWriteDown`	$-249.00K	USD	Annual
Provision for inventory obsolescence	`InventoryWriteDown`	$2.41M	USD	Annual
Provision for loss on vendor deposits	`ProvisionforGainLossonVendorDeposit`	$10.71M	USD	Annual
Provision for loss on vendor deposits	`ProvisionforGainLossonVendorDeposit`	$-3.91M	USD	Annual
Provision for loss on vendor deposits	`ProvisionforGainLossonVendorDeposit`	$8.91M	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$3.03M	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$3.52M	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$4.73M	USD	Annual
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.84M	USD	Annual
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-16.86M	USD	Annual
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-674.00K	USD	Annual
Change in unrealized loss on available-for-sale securities	`DebtSecuritiesAvailableForSaleUnrealizedGainLoss`	-	USD	Annual
Change in unrealized loss on available-for-sale securities	`DebtSecuritiesAvailableForSaleUnrealizedGainLoss`	$-792.00K	USD	Annual
Change in unrealized loss on available-for-sale securities	`DebtSecuritiesAvailableForSaleUnrealizedGainLoss`	-	USD	Annual
Provision for sales returns	`ProvisionForGainLossOnSalesReturns`	$553.00K	USD	Annual
Provision for sales returns	`ProvisionForGainLossOnSalesReturns`	-	USD	Annual
Provision for sales returns	`ProvisionForGainLossOnSalesReturns`	$1.00M	USD	Annual
Other, net	`OtherNoncashIncomeExpense`	$-365.00K	USD	Annual
Other, net	`OtherNoncashIncomeExpense`	$-509.00K	USD	Annual
Other, net	`OtherNoncashIncomeExpense`	$555.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$48.20M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-52.66M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$30.14M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$29.57M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-52.89M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$487.92M	USD	Annual
Vendor deposits	`IncreaseDecreaseinVendorDeposits`	$39.46M	USD	Annual
Vendor deposits	`IncreaseDecreaseinVendorDeposits`	$17.09M	USD	Annual
Vendor deposits	`IncreaseDecreaseinVendorDeposits`	$79.03M	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$10.25M	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$30.54M	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.84M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-43.34M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-28.69M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$69.73M	USD	Annual
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-10.29M	USD	Annual
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-27.77M	USD	Annual
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-14.04M	USD	Annual
Deferred revenues	`IncreaseDecreaseInContractWithCustomerLiability`	$7.46M	USD	Annual
Deferred revenues	`IncreaseDecreaseInContractWithCustomerLiability`	$-1.32M	USD	Annual
Deferred revenues	`IncreaseDecreaseInContractWithCustomerLiability`	$-3.59M	USD	Annual
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$56.22M	USD	Annual
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-38.73M	USD	Annual
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$58.59M	USD	Annual
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-145.43M	USD	Annual
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$370.26M	USD	Annual
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$612.02M	USD	Annual
Purchase of property and equipment and other long-term assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.47M	USD	Annual
Purchase of property and equipment and other long-term assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$20.93M	USD	Annual
Purchase of property and equipment and other long-term assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$18.32M	USD	Annual
Purchase of investments	`PaymentsToAcquireInvestments`	-	USD	Annual
Purchase of investments	`PaymentsToAcquireInvestments`	$1.48M	USD	Annual
Purchase of investments	`PaymentsToAcquireInvestments`	$1.86M	USD	Annual
Proceeds from sale of investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	-	USD	Annual
Proceeds from sale of investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	-	USD	Annual
Proceeds from sale of investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$2.46M	USD	Annual
Proceeds from maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$1.31M	USD	Annual
Proceeds from maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$922.00K	USD	Annual
Proceeds from maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	-	USD	Annual
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-19.27M	USD	Annual
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-20.93M	USD	Annual
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.18M	USD	Annual
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	Annual
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$3.26M	USD	Annual
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$1.21M	USD	Annual
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$219.76M	USD	Annual
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$618.13M	USD	Annual
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	Annual
Payment of common stock cash dividends	`PaymentsOfDividends`	$148.06M	USD	Annual
Payment of common stock cash dividends	`PaymentsOfDividends`	$100.81M	USD	Annual
Payment of common stock cash dividends	`PaymentsOfDividends`	$145.04M	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$125.00K	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$98.00K	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$23.00K	USD	Annual
Tax withholdings related to net share settlements of restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$686.00K	USD	Annual
Tax withholdings related to net share settlements of restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.19M	USD	Annual
Tax withholdings related to net share settlements of restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$998.00K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$144.96M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-485.95M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-472.27M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-113.19M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-21.40M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$106.80M	USD	Annual
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$136.22M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$142.62M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$114.83M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$249.42M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$136.22M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$142.62M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$114.83M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$249.42M	USD	Point-in-time
Income taxes paid, net of refunds	`IncomeTaxesPaidNet`	$139.62M	USD	Annual
Income taxes paid, net of refunds	`IncomeTaxesPaidNet`	$78.18M	USD	Annual
Income taxes paid, net of refunds	`IncomeTaxesPaidNet`	$109.69M	USD	Annual
Interest paid	`InterestPaidNet`	$11.81M	USD	Annual
Interest paid	`InterestPaidNet`	$11.56M	USD	Annual
Interest paid	`InterestPaidNet`	$53.87M	USD	Annual
Right-of-use asset recognized	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$24.28M	USD	Annual
Right-of-use asset recognized	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$34.52M	USD	Annual
Right-of-use asset recognized	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$7.20M	USD	Annual
Unpaid property and equipment and other long-term assets	`CapitalExpendituresIncurredButNotYetPaid`	$511.00K	USD	Annual
Unpaid property and equipment and other long-term assets	`CapitalExpendituresIncurredButNotYetPaid`	$233.00K	USD	Annual
Unpaid property and equipment and other long-term assets	`CapitalExpendituresIncurredButNotYetPaid`	$1.27M	USD	Annual

Stockholders Equity 37 line items

Line Item	Tag	Value	Unit	Period
Dividends paid on Common Stock (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$1.60	USD	Annual
Dividends paid on Common Stock (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$2.40	USD	Annual
Dividends paid on Common Stock (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$2.40	USD	Annual
Balance at beginning of period (in shares)	`CommonStockSharesOutstanding`	60.42M	shares	Point-in-time
Balance at beginning of period (in shares)	`CommonStockSharesOutstanding`	60.44M	shares	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$-115.73M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$-295.46M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$-382.88M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$2.70M	USD	Point-in-time
Net income	`NetIncomeLoss`	$378.66M	USD	Annual
Net income	`NetIncomeLoss`	$616.58M	USD	Annual
Net income	`NetIncomeLoss`	$407.64M	USD	Annual
Reclassification adjustment for loss on investments included in net income	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$474.00K	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	-	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-475.00K	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-8.00K	USD	Annual
Stock options exercised (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	2,112.00	shares	Annual
Stock options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$125.00K	USD	Annual
Stock options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$98.00K	USD	Annual
Stock options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$23.00K	USD	Annual
Restricted stock units issued, net of tax withholdings	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-998.00K	USD	Annual
Restricted stock units issued, net of tax withholdings	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-1.19M	USD	Annual
Restricted stock units issued, net of tax withholdings	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-686.00K	USD	Annual
Repurchase of Common Stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$618.13M	USD	Annual
Repurchase of Common Stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$219.76M	USD	Annual
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$3.52M	USD	Annual
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$4.73M	USD	Annual
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$3.03M	USD	Annual
Dividends paid on Common Stock	`DividendsCommonStockCash`	$148.06M	USD	Annual
Dividends paid on Common Stock	`DividendsCommonStockCash`	$145.04M	USD	Annual
Dividends paid on Common Stock	`DividendsCommonStockCash`	$100.81M	USD	Annual
Balance at end of period (in shares)	`CommonStockSharesOutstanding`	60.42M	shares	Point-in-time
Balance at end of period (in shares)	`CommonStockSharesOutstanding`	60.44M	shares	Point-in-time
Balance at end of period	`StockholdersEquity`	$-115.73M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$-295.46M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$-382.88M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$2.70M	USD	Point-in-time

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