10-Q Filing

WOLFSPEED, INC. CIK: 895419 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0000895419-23-000025`
Period End Date	20230331
Filing Date	20230427
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	wolf-20230326_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 94 Income Statement 72 Cash Flow Statement 91 Stockholders Equity 66 Comprehensive Income 24

Balance Sheet 94 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (USD per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (USD per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$795.10M	USD	Point-in-time
Preferred stock authorized (shares)	`PreferredStockSharesAuthorized`	3.00M	shares	Point-in-time
Preferred stock authorized (shares)	`PreferredStockSharesAuthorized`	3.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$449.50M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.45B	USD	Point-in-time
Preferred stock issued (shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$749.30M	USD	Point-in-time
Preferred stock issued (shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total cash, cash equivalents and short-term investments	`CashCashEquivalentsAndShortTermInvestments`	$1.20B	USD	Point-in-time
Total cash, cash equivalents and short-term investments	`CashCashEquivalentsAndShortTermInvestments`	$2.25B	USD	Point-in-time
Preferred stock outstanding (shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock outstanding (shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value (USD per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$164.00M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$150.20M	USD	Point-in-time
Common stock, par value (USD per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories	`InventoryNet`	$288.90M	USD	Point-in-time
Common stock authorized (shares)	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Inventories	`InventoryNet`	$227.00M	USD	Point-in-time
Common stock authorized (shares)	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock issued (in shares)	`CommonStockSharesIssued`	123.80M	shares	Point-in-time
Common stock issued (in shares)	`CommonStockSharesIssued`	124.44M	shares	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$1.30M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$1.10M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$34.60M	USD	Point-in-time
Common stock outstanding (shares)	`CommonStockSharesOutstanding`	123.80M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$32.10M	USD	Point-in-time
Common stock outstanding (shares)	`CommonStockSharesOutstanding`	124.44M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$151.40M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$112.00M	USD	Point-in-time
Current assets held for sale	`AssetsHeldForSaleNotPartOfDisposalGroupCurrent`	-	USD	Point-in-time
Current assets held for sale	`AssetsHeldForSaleNotPartOfDisposalGroupCurrent`	$1.60M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.85B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.76B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$1.48B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$1.90B	USD	Point-in-time
Goodwill	`Goodwill`	$359.20M	USD	Point-in-time
Goodwill	`Goodwill`	$359.20M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$125.40M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$118.00M	USD	Point-in-time
Long-term receivables	`AccountsReceivableExcludingAccruedInterestAfterAllowanceForCreditLossNoncurrent`	$2.70M	USD	Point-in-time
Long-term receivables	`AccountsReceivableExcludingAccruedInterestAfterAllowanceForCreditLossNoncurrent`	$104.70M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$1.00M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$1.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$83.70M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$221.00M	USD	Point-in-time
Total assets	`Assets`	$5.45B	USD	Point-in-time
Total assets	`Assets`	$3.92B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$307.70M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$522.20M	USD	Point-in-time
Accrued contract liabilities	`ContractWithCustomerLiabilityCurrent`	$37.00M	USD	Point-in-time
Accrued contract liabilities	`ContractWithCustomerLiabilityCurrent`	$41.50M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$9.50M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$11.60M	USD	Point-in-time
Finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$500.00K	USD	Point-in-time
Finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$500.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$31.70M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$33.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$388.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$607.20M	USD	Point-in-time
Convertible notes, net	`ConvertibleLongTermNotesPayable`	$3.02B	USD	Point-in-time
Convertible notes, net	`ConvertibleLongTermNotesPayable`	$1.02B	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$3.70M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$3.20M	USD	Point-in-time
Finance lease liabilities - long-term	`FinanceLeaseLiabilityNoncurrent`	$9.60M	USD	Point-in-time
Finance lease liabilities - long-term	`FinanceLeaseLiabilityNoncurrent`	$9.30M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$55.30M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$104.40M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$3.14B	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$1.09B	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, par value $0.01; 3,000 shares authorized at March 26, 2023 and June 26, 2022; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, par value $0.01; 3,000 shares authorized at March 26, 2023 and June 26, 2022; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $0.00125; 200,000 shares authorized at March 26, 2023 and June 26, 2022; 124,437 and 123,795 shares issued and outstanding at March 26, 2023 and June 26, 2022, respectively	`CommonStockValue`	$200.00K	USD	Point-in-time
Common stock, par value $0.00125; 200,000 shares authorized at March 26, 2023 and June 26, 2022; 124,437 and 123,795 shares issued and outstanding at March 26, 2023 and June 26, 2022, respectively	`CommonStockValue`	$200.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$4.23B	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$3.68B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-25.30M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-23.10M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.95B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.76B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$1.78B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$2.38B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$1.71B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$2.11B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$2.44B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$2.39B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$2.12B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$2.04B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$5.45B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$3.92B	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Revenue, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$188.00M	USD	1 Quarter
Revenue, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$686.10M	USD	3 Qtrs
Revenue, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$517.70M	USD	3 Qtrs
Revenue, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$228.70M	USD	1 Quarter
Cost of revenue, net	`CostOfGoodsAndServicesSold`	$124.00M	USD	1 Quarter
Cost of revenue, net	`CostOfGoodsAndServicesSold`	$347.30M	USD	3 Qtrs
Cost of revenue, net	`CostOfGoodsAndServicesSold`	$160.60M	USD	1 Quarter
Cost of revenue, net	`CostOfGoodsAndServicesSold`	$471.20M	USD	3 Qtrs
Gross profit	`GrossProfit`	$64.00M	USD	1 Quarter
Gross profit	`GrossProfit`	$170.40M	USD	3 Qtrs
Gross profit	`GrossProfit`	$68.10M	USD	1 Quarter
Gross profit	`GrossProfit`	$214.90M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$48.10M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$148.20M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$56.10M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$168.30M	USD	3 Qtrs
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$51.50M	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$171.20M	USD	3 Qtrs
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$148.50M	USD	3 Qtrs
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$60.50M	USD	1 Quarter
Amortization or impairment of acquisition-related intangibles	`AmortizationAndImpairmentOfAcquisitionRelatedIntangibles`	$10.60M	USD	3 Qtrs
Amortization or impairment of acquisition-related intangibles	`AmortizationAndImpairmentOfAcquisitionRelatedIntangibles`	$8.30M	USD	3 Qtrs
Amortization or impairment of acquisition-related intangibles	`AmortizationAndImpairmentOfAcquisitionRelatedIntangibles`	$3.40M	USD	1 Quarter
Amortization or impairment of acquisition-related intangibles	`AmortizationAndImpairmentOfAcquisitionRelatedIntangibles`	$2.60M	USD	1 Quarter
Loss (gain) on disposal or impairment of other assets	`GainLossOnSaleOfOtherAssets`	$-1.70M	USD	1 Quarter
Loss (gain) on disposal or impairment of other assets	`GainLossOnSaleOfOtherAssets`	$300.00K	USD	3 Qtrs
Loss (gain) on disposal or impairment of other assets	`GainLossOnSaleOfOtherAssets`	$600.00K	USD	1 Quarter
Loss (gain) on disposal or impairment of other assets	`GainLossOnSaleOfOtherAssets`	$-1.90M	USD	3 Qtrs
Other operating expense	`OtherOperatingIncomeExpenseNet`	$-134.10M	USD	3 Qtrs
Other operating expense	`OtherOperatingIncomeExpenseNet`	$-49.10M	USD	1 Quarter
Other operating expense	`OtherOperatingIncomeExpenseNet`	$-23.90M	USD	1 Quarter
Other operating expense	`OtherOperatingIncomeExpenseNet`	$-52.30M	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-101.90M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-62.30M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-268.90M	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-188.90M	USD	3 Qtrs
Non-operating (income) expense, net	`NonoperatingIncomeExpense`	$53.40M	USD	3 Qtrs
Non-operating (income) expense, net	`NonoperatingIncomeExpense`	$2.90M	USD	1 Quarter
Non-operating (income) expense, net	`NonoperatingIncomeExpense`	$-35.70M	USD	3 Qtrs
Non-operating (income) expense, net	`NonoperatingIncomeExpense`	$-3.80M	USD	1 Quarter
Loss before income taxes	`IncomeLossAttributableToParent`	$-224.60M	USD	3 Qtrs
Loss before income taxes	`IncomeLossAttributableToParent`	$-215.50M	USD	3 Qtrs
Loss before income taxes	`IncomeLossAttributableToParent`	$-66.10M	USD	1 Quarter
Loss before income taxes	`IncomeLossAttributableToParent`	$-99.00M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$1.10M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$500.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$8.70M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$400.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-66.50M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-90.90M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-96.70M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-26.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-70.10M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-99.50M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-233.30M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-216.60M	USD	3 Qtrs
Net loss, basic (USD per share)	`EarningsPerShareBasic`	$-0.54	USD	1 Quarter
Net loss, basic (USD per share)	`EarningsPerShareBasic`	$-1.96	USD	3 Qtrs
Net loss, basic (USD per share)	`EarningsPerShareBasic`	$-1.74	USD	3 Qtrs
Net loss, basic (USD per share)	`EarningsPerShareBasic`	$-0.80	USD	1 Quarter
Net loss, diluted (USD per share)	`EarningsPerShareDiluted`	$-0.80	USD	1 Quarter
Net loss, diluted (USD per share)	`EarningsPerShareDiluted`	$-1.74	USD	3 Qtrs
Net loss, diluted (USD per share)	`EarningsPerShareDiluted`	$-1.96	USD	3 Qtrs
Net loss, diluted (USD per share)	`EarningsPerShareDiluted`	$-0.54	USD	1 Quarter
Weighted average shares - basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	123.60M	shares	1 Quarter
Weighted average shares - basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	118.92M	shares	3 Qtrs
Weighted average shares - basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	124.44M	shares	1 Quarter
Weighted average shares - basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	124.27M	shares	3 Qtrs
Weighted average shares - diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	123.60M	shares	1 Quarter
Weighted average shares - diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	124.44M	shares	1 Quarter
Weighted average shares - diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	124.27M	shares	3 Qtrs
Weighted average shares - diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	118.92M	shares	3 Qtrs

Cash Flow Statement 91 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-66.50M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-90.90M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-96.70M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-26.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-70.10M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-99.50M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-233.30M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-216.60M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$97.90M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$118.20M	USD	3 Qtrs
Amortization of debt issuance costs and discount, net of non-cash capitalized interest	`AmortizationOfFinancingCostsAndDiscounts`	$5.20M	USD	3 Qtrs
Amortization of debt issuance costs and discount, net of non-cash capitalized interest	`AmortizationOfFinancingCostsAndDiscounts`	$12.90M	USD	3 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	3 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-24.80M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$45.20M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$62.80M	USD	3 Qtrs
Loss on disposal or impairment of long-lived assets, including loss on disposal portion of factory optimization and start-up costs	`GainLossOnDispositionOfAssets`	$-1.00M	USD	3 Qtrs
Loss on disposal or impairment of long-lived assets, including loss on disposal portion of factory optimization and start-up costs	`GainLossOnDispositionOfAssets`	$-3.70M	USD	3 Qtrs
Amortization of (premium) discount on investments, net	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-4.50M	USD	3 Qtrs
Amortization of (premium) discount on investments, net	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$1.30M	USD	3 Qtrs
Realized gain on sale of investments	`GainLossOnSaleOfInvestments`	-	USD	3 Qtrs
Realized gain on sale of investments	`GainLossOnSaleOfInvestments`	-	USD	1 Quarter
Realized gain on sale of investments	`GainLossOnSaleOfInvestments`	-	USD	1 Quarter
Realized gain on sale of investments	`GainLossOnSaleOfInvestments`	$300.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$700.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$500.00K	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$26.50M	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$13.80M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$61.60M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$59.30M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.30M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$11.10M	USD	3 Qtrs
Accounts payable, trade	`IncreaseDecreaseInAccountsPayableTrade`	$4.10M	USD	3 Qtrs
Accounts payable, trade	`IncreaseDecreaseInAccountsPayableTrade`	$11.30M	USD	3 Qtrs
Accrued salaries and wages and other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-7.60M	USD	3 Qtrs
Accrued salaries and wages and other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$6.50M	USD	3 Qtrs
Accrued contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$-3.20M	USD	3 Qtrs
Accrued contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$24.50M	USD	3 Qtrs
Cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-123.40M	USD	3 Qtrs
Cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-90.70M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$530.20M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$535.50M	USD	3 Qtrs
Purchases of patent and licensing rights	`PaymentsToAcquireIntangibleAssets`	$4.20M	USD	3 Qtrs
Purchases of patent and licensing rights	`PaymentsToAcquireIntangibleAssets`	$4.70M	USD	3 Qtrs
Proceeds from sale of property and equipment, including insurance proceeds	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.70M	USD	3 Qtrs
Proceeds from sale of property and equipment, including insurance proceeds	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.70M	USD	3 Qtrs
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$1.02B	USD	3 Qtrs
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$408.20M	USD	3 Qtrs
Proceeds from maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments`	$238.40M	USD	3 Qtrs
Proceeds from maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments`	$135.50M	USD	3 Qtrs
Proceeds from sale of short-term investments	`ProceedsFromSaleOfShortTermInvestments`	$81.80M	USD	3 Qtrs
Proceeds from sale of short-term investments	`ProceedsFromSaleOfShortTermInvestments`	$223.20M	USD	3 Qtrs
Reimbursement of property and equipment purchases from long-term incentive agreement	`ProceedsFromGrants`	$131.00M	USD	3 Qtrs
Reimbursement of property and equipment purchases from long-term incentive agreement	`ProceedsFromGrants`	$83.50M	USD	3 Qtrs
Reimbursement of property and equipment purchases from long-term incentive agreement	`ProceedsFromGrants`	$280.70M	USD	1 Quarter
Proceeds from sale of business resulting from the receipt of transaction related note receivable	`ProceedsFromDivestitureOfBusinesses`	$125.00M	USD	3 Qtrs
Proceeds from sale of business resulting from the receipt of transaction related note receivable	`ProceedsFromDivestitureOfBusinesses`	$101.80M	USD	3 Qtrs
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.00B	USD	3 Qtrs
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-378.00M	USD	3 Qtrs
Proceeds from long-term debt borrowings	`ProceedsFromLongTermLinesOfCredit`	-	USD	3 Qtrs
Proceeds from long-term debt borrowings	`ProceedsFromLongTermLinesOfCredit`	$20.00M	USD	3 Qtrs
Payments on long-term debt borrowings, including finance lease obligations	`RepaymentsOfLongTermDebt`	$20.40M	USD	3 Qtrs
Payments on long-term debt borrowings, including finance lease obligations	`RepaymentsOfLongTermDebt`	$400.00K	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$11.70M	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$11.40M	USD	3 Qtrs
Tax withholding on vested equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$26.10M	USD	3 Qtrs
Tax withholding on vested equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$17.70M	USD	3 Qtrs
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$750.00M	USD	3 Qtrs
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$1.75B	USD	3 Qtrs
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$31.40M	USD	3 Qtrs
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$17.70M	USD	3 Qtrs
Cash paid for capped call transactions	`PaymentsForDerivativeInstrumentFinancingActivities`	$108.20M	USD	3 Qtrs
Cash paid for capped call transactions	`PaymentsForDerivativeInstrumentFinancingActivities`	$273.90M	USD	3 Qtrs
Commitment fees on long-term incentive agreement	`PaymentOfCommitmentFee`	$1.00M	USD	3 Qtrs
Commitment fees on long-term incentive agreement	`PaymentOfCommitmentFee`	$1.00M	USD	3 Qtrs
Cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$608.30M	USD	3 Qtrs
Cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.44B	USD	3 Qtrs
Effects of foreign exchange changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	3 Qtrs
Effects of foreign exchange changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	3 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$345.60M	USD	3 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$106.90M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$485.90M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$379.00M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$795.10M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$449.50M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$485.90M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$379.00M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$795.10M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$449.50M	USD	Point-in-time

Stockholders Equity 66 line items

Line Item	Tag	Value	Unit	Period
Balance at beginning of period (in shares)	`CommonStockSharesIssued`	123.80M	shares	Point-in-time
Balance at beginning of period (in shares)	`CommonStockSharesIssued`	124.44M	shares	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$1.78B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$2.38B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$1.71B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$2.11B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$2.44B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$2.39B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$2.12B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$2.04B	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-66.50M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-90.90M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-96.70M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-26.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-70.10M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-99.50M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-233.30M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-216.60M	USD	3 Qtrs
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-800.00K	USD	1 Quarter
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$5.50M	USD	1 Quarter
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-20.70M	USD	3 Qtrs
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-3.60M	USD	1 Quarter
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$2.20M	USD	3 Qtrs
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$3.70M	USD	1 Quarter
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-7.00M	USD	1 Quarter
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-16.30M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-33.20M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-70.90M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-82.80M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-214.40M	USD	3 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-87.20M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-100.30M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-254.00M	USD	3 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-94.00M	USD	1 Quarter
Tax withholding on vested equity awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$22.50M	USD	1 Quarter
Tax withholding on vested equity awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$400.00K	USD	1 Quarter
Tax withholding on vested equity awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$400.00K	USD	1 Quarter
Tax withholding on vested equity awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$16.90M	USD	1 Quarter
Tax withholding on vested equity awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$800.00K	USD	1 Quarter
Tax withholding on vested equity awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.80M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$21.40M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$15.70M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$23.20M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$20.80M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$15.60M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$15.40M	USD	1 Quarter
Exercise of stock options and issuance of shares	`StockIssuedDuringPeriodValueNewIssues`	$300.00K	USD	1 Quarter
Exercise of stock options and issuance of shares	`StockIssuedDuringPeriodValueNewIssues`	$200.00K	USD	1 Quarter
Exercise of stock options and issuance of shares	`StockIssuedDuringPeriodValueNewIssues`	$10.70M	USD	1 Quarter
Exercise of stock options and issuance of shares	`StockIssuedDuringPeriodValueNewIssues`	$700.00K	USD	1 Quarter
Exercise of stock options and issuance of shares	`StockIssuedDuringPeriodValueNewIssues`	$500.00K	USD	1 Quarter
Exercise of stock options and issuance of shares	`StockIssuedDuringPeriodValueNewIssues`	$10.70M	USD	1 Quarter
Issuance of shares related to the extinguishment of convertible notes due September 1, 2023	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$416.20M	USD	1 Quarter
Issuance of convertible notes due February 15, 2028	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt`	$187.60M	USD	1 Quarter
Capped call transactions related to the issuance of convertible notes due December 1, 2029	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebtSubsequentAdjustments`	$273.90M	USD	1 Quarter
Capped call transactions related to the issuance of convertible notes due December 1, 2029	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebtSubsequentAdjustments`	$108.20M	USD	1 Quarter
Balance at end of period (in shares)	`CommonStockSharesIssued`	123.80M	shares	Point-in-time
Balance at end of period (in shares)	`CommonStockSharesIssued`	124.44M	shares	Point-in-time
Balance at end of period	`StockholdersEquity`	$1.78B	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$2.38B	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$1.71B	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$2.11B	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$2.44B	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$2.39B	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$2.12B	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$2.04B	USD	Point-in-time

Comprehensive Income 24 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-66.50M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-90.90M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-96.70M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-26.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-70.10M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-99.50M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-233.30M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-216.60M	USD	3 Qtrs
Net unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-800.00K	USD	1 Quarter
Net unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$5.50M	USD	1 Quarter
Net unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-20.70M	USD	3 Qtrs
Net unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-3.60M	USD	1 Quarter
Net unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$2.20M	USD	3 Qtrs
Net unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$3.70M	USD	1 Quarter
Net unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-7.00M	USD	1 Quarter
Net unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-16.30M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-33.20M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-70.90M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-82.80M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-214.40M	USD	3 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-87.20M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-100.30M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-254.00M	USD	3 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-94.00M	USD	1 Quarter

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