10-Q Filing

GARMIN LTD CIK: 1121788 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0001564590-20-034060`
Period End Date	20200630
Filing Date	20200729
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	grmn-10q_20200627_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 91 Income Statement 76 Cash Flow Statement 68 Stockholders Equity 52 Comprehensive Income 16

Balance Sheet 91 line items

Line Item	Tag	Value	Unit	Period
Common shares, par value (in CHF dollars per share)	`CommonStockParOrStatedValuePerShare`	0.10	CHF	Point-in-time
Common shares, par value (in CHF dollars per share)	`CommonStockParOrStatedValuePerShare`	0.10	CHF	Point-in-time
Common shares, authorized	`CommonStockSharesAuthorized`	198.08M	shares	Point-in-time
Common shares, authorized	`CommonStockSharesAuthorized`	198.08M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.03B	USD	Point-in-time
Common shares, issued	`CommonStockSharesIssued`	198.08M	shares	Point-in-time
Common shares, issued	`CommonStockSharesIssued`	198.08M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.35B	USD	Point-in-time
Common shares, outstanding	`CommonStockSharesOutstanding`	191.22M	shares	Point-in-time
Common shares, outstanding	`CommonStockSharesOutstanding`	190.69M	shares	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$376.46M	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$380.88M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$706.76M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$523.90M	USD	Point-in-time
Inventories	`InventoryNet`	$813.24M	USD	Point-in-time
Inventories	`InventoryNet`	$752.91M	USD	Point-in-time
Deferred costs	`DeferredCostsCurrent`	$25.11M	USD	Point-in-time
Deferred costs	`DeferredCostsCurrent`	$22.03M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$163.46M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$169.04M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.06B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.26B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$728.92M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$791.17M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$702.11M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$63.59M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$76.21M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$283.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$71.00K	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$1.21B	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$993.02M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$268.52M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$254.20M	USD	Point-in-time
Noncurrent deferred costs	`DeferredCosts`	$18.75M	USD	Point-in-time
Noncurrent deferred costs	`DeferredCosts`	$23.49M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$656.90M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$659.63M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$159.25M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$171.06M	USD	Point-in-time
Total assets	`Assets`	$6.17B	USD	Point-in-time
Total assets	`Assets`	$6.22B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$240.83M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$193.22M	USD	Point-in-time
Salaries and benefits payable	`EmployeeRelatedLiabilitiesCurrent`	$123.40M	USD	Point-in-time
Salaries and benefits payable	`EmployeeRelatedLiabilitiesCurrent`	$128.43M	USD	Point-in-time
Accrued warranty costs	`ProductWarrantyAccrualClassifiedCurrent`	$39.29M	USD	Point-in-time
Accrued warranty costs	`ProductWarrantyAccrualClassifiedCurrent`	$39.76M	USD	Point-in-time
Accrued sales program costs	`AccruedMarketingCostsCurrent`	$112.58M	USD	Point-in-time
Accrued sales program costs	`AccruedMarketingCostsCurrent`	$66.70M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$94.56M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$87.73M	USD	Point-in-time
Accrued royalty costs	`AccruedRoyaltiesCurrent`	$10.83M	USD	Point-in-time
Accrued royalty costs	`AccruedRoyaltiesCurrent`	$15.40M	USD	Point-in-time
Accrued advertising expense	`AccruedAdvertisingCurrent`	$23.30M	USD	Point-in-time
Accrued advertising expense	`AccruedAdvertisingCurrent`	$35.14M	USD	Point-in-time
Other accrued expenses	`OtherAccruedLiabilitiesCurrent`	$95.06M	USD	Point-in-time
Other accrued expenses	`OtherAccruedLiabilitiesCurrent`	$98.10M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$56.91M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$54.89M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrent`	$217.26M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrent`	$466.46M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.16B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.04B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$103.58M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$114.75M	USD	Point-in-time
Noncurrent income taxes	`AccruedIncomeTaxesNoncurrent`	$92.12M	USD	Point-in-time
Noncurrent income taxes	`AccruedIncomeTaxesNoncurrent`	$105.77M	USD	Point-in-time
Noncurrent deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$54.86M	USD	Point-in-time
Noncurrent deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$67.33M	USD	Point-in-time
Noncurrent operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$49.24M	USD	Point-in-time
Noncurrent operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$60.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$278.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$4.69M	USD	Point-in-time
Shares, CHF 0.10 par value, 198,077 shares authorized and issued; 191,223 shares outstanding at June 27, 2020 and 190,686 shares outstanding at December 28, 2019	`CommonStockValue`	$17.98M	USD	Point-in-time
Shares, CHF 0.10 par value, 198,077 shares authorized and issued; 191,223 shares outstanding at June 27, 2020 and 190,686 shares outstanding at December 28, 2019	`CommonStockValue`	$17.98M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.84B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.85B	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$326.31M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$345.04M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.11B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.23B	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$55.87M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$89.73M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$4.32B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$4.79B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$4.16B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$4.15B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$4.74B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$4.93B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$6.17B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$6.22B	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$954.84M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$869.87M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.72B	USD	2 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.73B	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$354.44M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$693.83M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$703.61M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$379.48M	USD	1 Quarter
Gross profit	`GrossProfit`	$515.43M	USD	1 Quarter
Gross profit	`GrossProfit`	$575.37M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.03B	USD	2 Qtrs
Gross profit	`GrossProfit`	$1.02B	USD	2 Qtrs
Advertising expense	`AdvertisingExpense`	$41.52M	USD	1 Quarter
Advertising expense	`AdvertisingExpense`	$69.14M	USD	2 Qtrs
Advertising expense	`AdvertisingExpense`	$29.29M	USD	1 Quarter
Advertising expense	`AdvertisingExpense`	$56.16M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$269.20M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$132.02M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$255.52M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$128.74M	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$294.80M	USD	2 Qtrs
Research and development expense	`ResearchAndDevelopmentExpense`	$331.13M	USD	2 Qtrs
Research and development expense	`ResearchAndDevelopmentExpense`	$165.74M	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$148.88M	USD	1 Quarter
Total operating expense	`OperatingExpenses`	$619.46M	USD	2 Qtrs
Total operating expense	`OperatingExpenses`	$656.50M	USD	2 Qtrs
Total operating expense	`OperatingExpenses`	$327.04M	USD	1 Quarter
Total operating expense	`OperatingExpenses`	$319.14M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$188.39M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$365.87M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$256.22M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$407.60M	USD	2 Qtrs
Interest income	`InterestIncomeOther`	$10.46M	USD	1 Quarter
Interest income	`InterestIncomeOther`	$13.73M	USD	1 Quarter
Interest income	`InterestIncomeOther`	$22.48M	USD	2 Qtrs
Interest income	`InterestIncomeOther`	$27.44M	USD	2 Qtrs
Foreign currency (losses) gains	`ForeignCurrencyTransactionGainLossBeforeTax`	$-19.92M	USD	2 Qtrs
Foreign currency (losses) gains	`ForeignCurrencyTransactionGainLossBeforeTax`	$3.41M	USD	1 Quarter
Foreign currency (losses) gains	`ForeignCurrencyTransactionGainLossBeforeTax`	$-4.49M	USD	1 Quarter
Foreign currency (losses) gains	`ForeignCurrencyTransactionGainLossBeforeTax`	$3.73M	USD	2 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$3.27M	USD	2 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$2.41M	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$3.24M	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$6.79M	USD	2 Qtrs
Total other income	`NonoperatingIncomeExpense`	$9.20M	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$9.35M	USD	2 Qtrs
Total other income	`NonoperatingIncomeExpense`	$19.56M	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$34.44M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$275.78M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$375.23M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$442.04M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$197.59M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$29.87M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$52.12M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$78.21M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$13.41M	USD	1 Quarter
Net income	`NetIncomeLoss`	$345.36M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$363.83M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$184.18M	USD	1 Quarter
Net income	`NetIncomeLoss`	$223.66M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.92	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$1.18	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.96	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.81	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.91	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.17	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.96	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.80	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	191.02M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	190.91M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	189.85M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	189.73M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	191.60M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	190.66M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	190.71M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	191.64M	shares	2 Qtrs

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$345.36M	USD	2 Qtrs
Net income	`ProfitLoss`	$363.83M	USD	2 Qtrs
Depreciation	`Depreciation`	$34.53M	USD	2 Qtrs
Depreciation	`Depreciation`	$37.03M	USD	2 Qtrs
Amortization	`AdjustmentForAmortization`	$20.50M	USD	2 Qtrs
Amortization	`AdjustmentForAmortization`	$16.21M	USD	2 Qtrs
(Gain) loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-94.00K	USD	2 Qtrs
(Gain) loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$1.81M	USD	2 Qtrs
Unrealized foreign currency losses (gains)	`ForeignCurrencyTransactionGainLossUnrealized`	$6.81M	USD	2 Qtrs
Unrealized foreign currency losses (gains)	`ForeignCurrencyTransactionGainLossUnrealized`	$-16.68M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$272.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$7.08M	USD	2 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$30.96M	USD	2 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$31.48M	USD	2 Qtrs
Realized gain on marketable securities	`GainLossOnSaleOfInvestments`	$331.00K	USD	2 Qtrs
Realized gain on marketable securities	`GainLossOnSaleOfInvestments`	$60.00K	USD	2 Qtrs
Accounts receivable, net of allowance for doubtful accounts	`IncreaseDecreaseInAccountsReceivable`	$-178.12M	USD	2 Qtrs
Accounts receivable, net of allowance for doubtful accounts	`IncreaseDecreaseInAccountsReceivable`	$-6.19M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$68.22M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$57.13M	USD	2 Qtrs
Other current and non-current assets	`IncreaseDecreaseInOtherOperatingAssets`	$68.37M	USD	2 Qtrs
Other current and non-current assets	`IncreaseDecreaseInOtherOperatingAssets`	$10.43M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-51.46M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$5.96M	USD	2 Qtrs
Other current and non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-58.66M	USD	2 Qtrs
Other current and non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-33.00M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-19.30M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-6.25M	USD	2 Qtrs
Deferred costs	`IncreaseDecreaseInDeferredCharges`	$-7.82M	USD	2 Qtrs
Deferred costs	`IncreaseDecreaseInDeferredCharges`	$-3.88M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-10.79M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-13.04M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$275.22M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$425.11M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$98.27M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$60.49M	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$271.00K	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.92M	USD	2 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$853.00K	USD	2 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$1.37M	USD	2 Qtrs
Purchase of marketable securities	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$192.17M	USD	2 Qtrs
Purchase of marketable securities	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$346.13M	USD	2 Qtrs
Redemption of marketable securities	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$182.86M	USD	2 Qtrs
Redemption of marketable securities	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$566.69M	USD	2 Qtrs
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$7.89M	USD	2 Qtrs
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$276.01M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-346.40M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$114.94M	USD	2 Qtrs
Dividends	`PaymentsOfDividends`	$308.90M	USD	2 Qtrs
Dividends	`PaymentsOfDividends`	$217.45M	USD	2 Qtrs
Proceeds from issuance of treasury stock related to equity awards	`ProceedsFromSaleOfTreasuryStock`	$15.20M	USD	2 Qtrs
Proceeds from issuance of treasury stock related to equity awards	`ProceedsFromSaleOfTreasuryStock`	$12.98M	USD	2 Qtrs
Purchase of treasury stock related to equity awards	`PaymentsForRepurchaseOfTreasuryStockRelatedToEquityAwards`	$11.88M	USD	2 Qtrs
Purchase of treasury stock related to equity awards	`PaymentsForRepurchaseOfTreasuryStockRelatedToEquityAwards`	$12.95M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-214.13M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-308.88M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.65M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.49M	USD	2 Qtrs
Net increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$327.57M	USD	2 Qtrs
Net increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-381.55M	USD	2 Qtrs
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$820.25M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.36B	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.03B	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.20B	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$820.25M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.36B	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.03B	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.20B	USD	Point-in-time

Stockholders Equity 52 line items

Line Item	Tag	Value	Unit	Period
Adjustment related to unrealized gains (losses) on available-for-sale securities income tax effects	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$2.41M	USD	1 Quarter
Adjustment related to unrealized gains (losses) on available-for-sale securities income tax effects	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$5.63M	USD	1 Quarter
Adjustment related to unrealized gains (losses) on available-for-sale securities income tax effects	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$5.31M	USD	2 Qtrs
Adjustment related to unrealized gains (losses) on available-for-sale securities income tax effects	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$2.87M	USD	2 Qtrs
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$2.44	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$2.44	USD	2 Qtrs
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$2.28	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$2.28	USD	2 Qtrs
Beginning balance, value	`StockholdersEquity`	$4.32B	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$4.79B	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$4.16B	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$4.15B	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$4.74B	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$4.93B	USD	Point-in-time
Net income	`NetIncomeLoss`	$345.36M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$363.83M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$184.18M	USD	1 Quarter
Net income	`NetIncomeLoss`	$223.66M	USD	1 Quarter
Translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-8.92M	USD	2 Qtrs
Translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$314.00K	USD	1 Quarter
Translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$18.64M	USD	2 Qtrs
Translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$24.81M	USD	1 Quarter
Adjustment related to unrealized gains (losses) on available-for-sale securities net of income tax effects	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$35.17M	USD	2 Qtrs
Adjustment related to unrealized gains (losses) on available-for-sale securities net of income tax effects	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$15.22M	USD	2 Qtrs
Adjustment related to unrealized gains (losses) on available-for-sale securities net of income tax effects	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$16.03M	USD	1 Quarter
Adjustment related to unrealized gains (losses) on available-for-sale securities net of income tax effects	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$33.11M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$240.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$390.08M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$379.21M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$242.10M	USD	1 Quarter
Dividends declared	`DividendsCommonStockCash`	$466.46M	USD	1 Quarter
Dividends declared	`DividendsCommonStockCash`	$466.65M	USD	2 Qtrs
Dividends declared	`DividendsCommonStockCash`	$432.87M	USD	1 Quarter
Dividends declared	`DividendsCommonStockCash`	$433.08M	USD	2 Qtrs
Issuance of treasury stock related to equity awards	`StockIssuedDuringPeriodValueTreasuryStockReissued`	$12.98M	USD	1 Quarter
Issuance of treasury stock related to equity awards	`StockIssuedDuringPeriodValueTreasuryStockReissued`	$15.20M	USD	2 Qtrs
Issuance of treasury stock related to equity awards	`StockIssuedDuringPeriodValueTreasuryStockReissued`	$12.98M	USD	2 Qtrs
Issuance of treasury stock related to equity awards	`StockIssuedDuringPeriodValueTreasuryStockReissued`	$15.20M	USD	1 Quarter
Stock compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$30.96M	USD	2 Qtrs
Stock compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$15.93M	USD	1 Quarter
Stock compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$15.83M	USD	1 Quarter
Stock compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$31.48M	USD	2 Qtrs
Purchase of treasury stock related to equity awards	`TreasuryStockValueAcquiredCostMethod`	$12.95M	USD	2 Qtrs
Purchase of treasury stock related to equity awards	`TreasuryStockValueAcquiredCostMethod`	$260.00K	USD	1 Quarter
Purchase of treasury stock related to equity awards	`TreasuryStockValueAcquiredCostMethod`	$11.88M	USD	2 Qtrs
Purchase of treasury stock related to equity awards	`TreasuryStockValueAcquiredCostMethod`	$303.00K	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$4.32B	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$4.79B	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$4.16B	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$4.15B	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$4.74B	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$4.93B	USD	Point-in-time

Comprehensive Income 16 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$345.36M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$363.83M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$184.18M	USD	1 Quarter
Net income	`NetIncomeLoss`	$223.66M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-8.92M	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$314.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$18.64M	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$24.81M	USD	1 Quarter
Change in fair value of available-for-sale marketable securities, net of deferred taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$16.03M	USD	1 Quarter
Change in fair value of available-for-sale marketable securities, net of deferred taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$33.11M	USD	1 Quarter
Change in fair value of available-for-sale marketable securities, net of deferred taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$35.17M	USD	2 Qtrs
Change in fair value of available-for-sale marketable securities, net of deferred taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$15.22M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$240.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$390.08M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$379.21M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$242.10M	USD	1 Quarter

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