10-Q Filing

NUTANIX, INC. CIK: 1618732 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0000950170-22-003363`
Period End Date	20220131
Filing Date	20220310
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	ntnx-20220131_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 96 Income Statement 58 Cash Flow Statement 93 Stockholders Equity 41 Comprehensive Income 14

Balance Sheet 96 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$400.75M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$298.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$285.72M	USD	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$928.01M	USD	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$891.03M	USD	Point-in-time
Accounts receivable, net of allowances of $892 and $668, respectively	`AccountsReceivableNetCurrent`	$159.94M	USD	Point-in-time
Accounts receivable, net of allowances of $892 and $668, respectively	`AccountsReceivableNetCurrent`	$180.78M	USD	Point-in-time
Deferred commissionscurrent	`Deferredcommissionscurrentportion`	$110.94M	USD	Point-in-time
Deferred commissionscurrent	`Deferredcommissionscurrentportion`	$109.61M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$60.40M	USD	Point-in-time
Accounts receivable, allowance for credit loss	`AllowanceForDoubtfulAccountsReceivable`	$668.00K	USD	Point-in-time
Accounts receivable, allowance for credit loss	`AllowanceForDoubtfulAccountsReceivable`	$892.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$56.82M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.62B	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.56B	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$131.62M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	200.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$117.61M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	200.00M	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$91.52M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$105.90M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Deferred commissionsnon-current	`Deferredsalescommissionsnoncurrent`	$247.14M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Deferred commissionsnon-current	`Deferredsalescommissionsnoncurrent`	$232.49M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$32.01M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$23.87M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.04B	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.20M	shares	Point-in-time
Goodwill	`Goodwill`	$185.26M	USD	Point-in-time
Goodwill	`Goodwill`	$185.26M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.20M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.04B	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	220.54M	shares	Point-in-time
Other assetsnon-current	`OtherAssetsNoncurrent`	$27.95M	USD	Point-in-time
Other assetsnon-current	`OtherAssetsNoncurrent`	$28.47M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	214.21M	shares	Point-in-time
Total assets	`Assets`	$2.28B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	214.21M	shares	Point-in-time
Total assets	`Assets`	$2.32B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	220.54M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$46.90M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$47.06M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$162.34M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$149.99M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$39.40M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$37.59M	USD	Point-in-time
Deferred revenuecurrent	`ContractWithCustomerLiabilityCurrent`	$703.80M	USD	Point-in-time
Deferred revenuecurrent	`ContractWithCustomerLiabilityCurrent`	$636.42M	USD	Point-in-time
Operating lease liabilitiescurrent	`OperatingLeaseLiabilityCurrent`	$43.59M	USD	Point-in-time
Operating lease liabilitiescurrent	`OperatingLeaseLiabilityCurrent`	$42.67M	USD	Point-in-time
Convertible senior notes, net-current	`ConvertibleNotesPayableCurrent`	-	USD	Point-in-time
Convertible senior notes, net-current	`ConvertibleNotesPayableCurrent`	$145.16M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.13B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$927.89M	USD	Point-in-time
Deferred revenuenon-current	`ContractWithCustomerLiabilityNoncurrent`	$683.07M	USD	Point-in-time
Deferred revenuenon-current	`ContractWithCustomerLiabilityNoncurrent`	$676.50M	USD	Point-in-time
Operating lease liabilitiesnon-current	`OperatingLeaseLiabilityNoncurrent`	$86.60M	USD	Point-in-time
Operating lease liabilitiesnon-current	`OperatingLeaseLiabilityNoncurrent`	$66.02M	USD	Point-in-time
Convertible senior notes, net	`ConvertibleLongTermNotesPayable`	$1.06B	USD	Point-in-time
Convertible senior notes, net	`ConvertibleLongTermNotesPayable`	$1.13B	USD	Point-in-time
Derivative liability	`DerivativeLiabilities`	-	USD	Point-in-time
Derivative liability	`DerivativeLiabilities`	$698.21M	USD	Point-in-time
Derivative liability	`DerivativeLiabilities`	-	USD	Point-in-time
Derivative liability	`DerivativeLiabilities`	$500.18M	USD	Point-in-time
Other liabilitiesnon-current	`OtherLiabilitiesNoncurrent`	$42.68M	USD	Point-in-time
Other liabilitiesnon-current	`OtherLiabilitiesNoncurrent`	$38.64M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.29B	USD	Point-in-time
Total liabilities	`Liabilities`	$3.04B	USD	Point-in-time
Commitments and contingencies (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, par value of $0.000025 per share - 200,000 shares authorized as of July 31, 2021 and January 31, 2022; no shares issued and outstanding as of July 31, 2021 and January 31, 2022	`PreferredStockValueOutstanding`	-	USD	Point-in-time
Preferred stock, par value of $0.000025 per share - 200,000 shares authorized as of July 31, 2021 and January 31, 2022; no shares issued and outstanding as of July 31, 2021 and January 31, 2022	`PreferredStockValueOutstanding`	-	USD	Point-in-time
Common stock, par value of $0.000025 per share -1,200,000 (1,000,000 Class A, 200,000 Class B) and 1,042,004 (1,000,000 Class A, 42,004 Class B) shares authorized as of July 31, 2021 and January 31, 2022, respectively; 214,210 (208,579 Class A and 5,631 Class B) and 220,539 (220,539 Class A and zero Class B) shares issued and outstanding as of July 31, 2021 and January 31, 2022, respectively	`CommonStockValue`	$5.00K	USD	Point-in-time
Common stock, par value of $0.000025 per share -1,200,000 (1,000,000 Class A, 200,000 Class B) and 1,042,004 (1,000,000 Class A, 42,004 Class B) shares authorized as of July 31, 2021 and January 31, 2022, respectively; 214,210 (208,579 Class A and 5,631 Class B) and 220,539 (220,539 Class A and zero Class B) shares issued and outstanding as of July 31, 2021 and January 31, 2022, respectively	`CommonStockValue`	$5.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.62B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$3.38B	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-8.00K	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.44M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.63B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.11B	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-1.01B	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-274.98M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-557.36M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-758.39M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-698.74M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-725.62M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$2.28B	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$2.32B	USD	Point-in-time

Income Statement 58 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$791.60M	USD	2 Qtrs
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$346.38M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$659.14M	USD	2 Qtrs
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$413.08M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$161.41M	USD	2 Qtrs
Total cost of revenue	`CostOfGoodsAndServicesSold`	$138.91M	USD	2 Qtrs
Total cost of revenue	`CostOfGoodsAndServicesSold`	$79.97M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$70.95M	USD	1 Quarter
Gross profit	`GrossProfit`	$630.18M	USD	2 Qtrs
Gross profit	`GrossProfit`	$333.11M	USD	1 Quarter
Gross profit	`GrossProfit`	$275.43M	USD	1 Quarter
Gross profit	`GrossProfit`	$520.22M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$261.07M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$518.36M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$241.63M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$491.67M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$135.57M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$141.61M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$271.38M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$285.87M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$68.81M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$35.03M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$84.32M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$44.29M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$858.54M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$861.86M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$431.68M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$427.53M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-94.42M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-156.25M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-231.68M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-338.32M	USD	2 Qtrs
Other expense, net	`NonoperatingIncomeExpense`	$-15.33M	USD	1 Quarter
Other expense, net	`NonoperatingIncomeExpense`	$-204.73M	USD	2 Qtrs
Other expense, net	`NonoperatingIncomeExpense`	$-293.88M	USD	2 Qtrs
Other expense, net	`NonoperatingIncomeExpense`	$-126.00M	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-525.56M	USD	2 Qtrs
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-543.05M	USD	2 Qtrs
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-109.75M	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-282.25M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$9.36M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$9.38M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.14M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.31M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-534.91M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-287.39M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-265.05M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-115.06M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-419.85M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-552.44M	USD	2 Qtrs
Net loss per share attributable to Class A and Class B common stockholdersbasic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.53	USD	1 Quarter
Net loss per share attributable to Class A and Class B common stockholdersbasic and diluted	`EarningsPerShareBasicAndDiluted`	$-2.46	USD	2 Qtrs
Net loss per share attributable to Class A and Class B common stockholdersbasic and diluted	`EarningsPerShareBasicAndDiluted`	$-1.42	USD	1 Quarter
Net loss per share attributable to Class A and Class B common stockholdersbasic and diluted	`EarningsPerShareBasicAndDiluted`	$-2.72	USD	2 Qtrs
Weighted average shares used in computing net loss per share attributable to Class A and Class B common stockholdersbasic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	202.80M	shares	2 Qtrs
Weighted average shares used in computing net loss per share attributable to Class A and Class B common stockholdersbasic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	202.52M	shares	1 Quarter
Weighted average shares used in computing net loss per share attributable to Class A and Class B common stockholdersbasic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	218.81M	shares	1 Quarter
Weighted average shares used in computing net loss per share attributable to Class A and Class B common stockholdersbasic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	217.15M	shares	2 Qtrs

Cash Flow Statement 93 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-534.91M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-287.39M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-265.05M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-115.06M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-419.85M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-552.44M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$47.09M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$45.58M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$173.65M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$178.59M	USD	2 Qtrs
Change in fair value of derivative liability	`IncreaseDecreaseInDerivativeLiabilities`	$198.04M	USD	Point-in-time
Change in fair value of derivative liability	`IncreaseDecreaseInDerivativeLiabilities`	$166.38M	USD	2 Qtrs
Change in fair value of derivative liability	`IncreaseDecreaseInDerivativeLiabilities`	$198.04M	USD	2 Qtrs
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-64.91M	USD	2 Qtrs
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$28.80M	USD	2 Qtrs
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$19.80M	USD	2 Qtrs
Operating lease cost, net of accretion	`IncreaseDecreaseinOperatingLeaseCostNetofAccretion`	$18.34M	USD	2 Qtrs
Operating lease cost, net of accretion	`IncreaseDecreaseinOperatingLeaseCostNetofAccretion`	$16.93M	USD	2 Qtrs
Impairment of lease-related assets	`OperatingLeaseImpairmentLoss`	$2.82M	USD	2 Qtrs
Impairment of lease-related assets	`OperatingLeaseImpairmentLoss`	-	USD	2 Qtrs
Impairment of lease-related assets	`OperatingLeaseImpairmentLoss`	$2.80M	USD	1 Quarter
Non-cash interest expense	`NoncashInterestExpense`	$9.57M	USD	2 Qtrs
Non-cash interest expense	`NoncashInterestExpense`	$6.62M	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-5.16M	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-4.35M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-23.83M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-79.17M	USD	2 Qtrs
Deferred commissions	`IncreaseDecreaseInDeferredCharges`	$67.68M	USD	2 Qtrs
Deferred commissions	`IncreaseDecreaseInDeferredCharges`	$13.33M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$9.22M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.95M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.60M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.39M	USD	2 Qtrs
Accrued compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-19.50M	USD	2 Qtrs
Accrued compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$39.59M	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$2.10M	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-3.37M	USD	2 Qtrs
Operating leases, net	`IncreaseDecreaseinOperatingLeasesNet`	$-16.52M	USD	2 Qtrs
Operating leases, net	`IncreaseDecreaseinOperatingLeasesNet`	$-23.62M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$70.97M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$61.33M	USD	2 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$32.71M	USD	2 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-19.63M	USD	2 Qtrs
Maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$568.70M	USD	2 Qtrs
Maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$260.85M	USD	2 Qtrs
Purchases of investments	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$556.15M	USD	2 Qtrs
Purchases of investments	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$859.58M	USD	2 Qtrs
Sales of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$18.00M	USD	2 Qtrs
Sales of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$3.00M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$17.39M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$25.17M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-620.89M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$13.16M	USD	2 Qtrs
Payments of debt extinguishment costs	`PaymentsOfDebtExtinguishmentCosts`	-	USD	2 Qtrs
Payments of debt extinguishment costs	`PaymentsOfDebtExtinguishmentCosts`	$14.71M	USD	2 Qtrs
Proceeds from unwinding of convertible note hedges	`ProceedsFromHedgeFinancingActivities`	-	USD	2 Qtrs
Proceeds from unwinding of convertible note hedges	`ProceedsFromHedgeFinancingActivities`	$39.88M	USD	2 Qtrs
Payments for unwinding of warrants	`PaymentForUnwindWarrantTransactions`	-	USD	2 Qtrs
Payments for unwinding of warrants	`PaymentForUnwindWarrantTransactions`	$18.39M	USD	2 Qtrs
Proceeds from sales of shares through employee equity incentive plans	`ProceedsFromStockPlans`	$21.90M	USD	2 Qtrs
Proceeds from sales of shares through employee equity incentive plans	`ProceedsFromStockPlans`	$32.05M	USD	2 Qtrs
Proceeds from the issuance of convertible notes, net of issuance costs	`ProceedsFromIssuanceOfDebt`	$89.13M	USD	2 Qtrs
Proceeds from the issuance of convertible notes, net of issuance costs	`ProceedsFromIssuanceOfDebt`	$723.62M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$125.08M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$58.57M	USD	2 Qtrs
Payment of finance lease obligations	`PaymentOfFinanceLeaseObligations`	$323.00K	USD	2 Qtrs
Payment of finance lease obligations	`PaymentOfFinanceLeaseObligations`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$69.07M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$620.44M	USD	2 Qtrs
Net increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$114.93M	USD	2 Qtrs
Net increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-20.08M	USD	2 Qtrs
Cash, cash equivalents and restricted cashbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$301.91M	USD	Point-in-time
Cash, cash equivalents and restricted cashbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$288.87M	USD	Point-in-time
Cash, cash equivalents and restricted cashbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$321.99M	USD	Point-in-time
Cash, cash equivalents and restricted cashbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$403.81M	USD	Point-in-time
Cash, cash equivalents and restricted cashend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$301.91M	USD	Point-in-time
Cash, cash equivalents and restricted cashend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$288.87M	USD	Point-in-time
Cash, cash equivalents and restricted cashend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$321.99M	USD	Point-in-time
Cash, cash equivalents and restricted cashend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$403.81M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$3.21M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$3.06M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashAndCashEquivalentsAtCarryingValue`	$400.75M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashAndCashEquivalentsAtCarryingValue`	$298.70M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashAndCashEquivalentsAtCarryingValue`	$285.72M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	$9.00M	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$12.08M	USD	2 Qtrs
Purchases of property and equipment included in accounts payable and accrued and other liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$18.94M	USD	2 Qtrs
Purchases of property and equipment included in accounts payable and accrued and other liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$7.62M	USD	2 Qtrs
Finance lease liabilities arising from obtaining right-of-use assets	`FinanceLeaseLiabilitiesArisingFromObtainingRightOfUseAssets`	$1.96M	USD	2 Qtrs
Finance lease liabilities arising from obtaining right-of-use assets	`FinanceLeaseLiabilitiesArisingFromObtainingRightOfUseAssets`	$11.15M	USD	2 Qtrs
Convertible senior notes offering costs included in accrued liabilities	`ConvertibleSeniorNotesOfferingCostsIncludedInAccruedLiabilities`	$693.00K	USD	2 Qtrs
Convertible senior notes offering costs included in accrued liabilities	`ConvertibleSeniorNotesOfferingCostsIncludedInAccruedLiabilities`	-	USD	2 Qtrs

Stockholders Equity 41 line items

Line Item	Tag	Value	Unit	Period
Stockholders' equity, beginning balance	`StockholdersEquity`	$-1.01B	USD	Point-in-time
Stockholders' equity, beginning balance	`StockholdersEquity`	$-274.98M	USD	Point-in-time
Stockholders' equity, beginning balance	`StockholdersEquity`	$-557.36M	USD	Point-in-time
Stockholders' equity, beginning balance	`StockholdersEquity`	$-758.39M	USD	Point-in-time
Stockholders' equity, beginning balance	`StockholdersEquity`	$-698.74M	USD	Point-in-time
Stockholders' equity, beginning balance	`StockholdersEquity`	$-725.62M	USD	Point-in-time
Stockholders' equity, beginning balance (in shares)	`CommonStockSharesOutstanding`	214.21M	shares	Point-in-time
Stockholders' equity, beginning balance (in shares)	`CommonStockSharesOutstanding`	220.54M	shares	Point-in-time
2026 Notes derivative liability reclassification	`AdjustmentsToAdditionalPaidInCapitalDerivativeLiabilityReclassification`	$698.21M	USD	1 Quarter
Issuance of common stock through employee equity incentive plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$2.22M	USD	1 Quarter
Issuance of common stock through employee equity incentive plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.63M	USD	1 Quarter
Issuance of common stock through employee equity incentive plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.91M	USD	1 Quarter
Issuance of common stock through employee equity incentive plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.35M	USD	1 Quarter
Issuance of common stock from ESPP purchase	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$28.79M	USD	1 Quarter
Issuance of common stock from ESPP purchase	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$18.07M	USD	1 Quarter
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$58.57M	USD	1 Quarter
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$125.08M	USD	1 Quarter
Unwinding of 2023 Notes hedges	`UnwindingOfNotesHedges`	$39.88M	USD	1 Quarter
Unwinding of 2023 Notes warrants	`WarrantDownRoundFeatureIncreaseDecreaseInEquityAmount`	$18.39M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$90.55M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$84.45M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$88.05M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$89.20M	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.15M	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-323.00K	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-651.00K	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.78M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-534.91M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-287.39M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-265.05M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-115.06M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-419.85M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-552.44M	USD	2 Qtrs
Stockholders' equity, ending balance	`StockholdersEquity`	$-1.01B	USD	Point-in-time
Stockholders' equity, ending balance	`StockholdersEquity`	$-274.98M	USD	Point-in-time
Stockholders' equity, ending balance	`StockholdersEquity`	$-557.36M	USD	Point-in-time
Stockholders' equity, ending balance	`StockholdersEquity`	$-758.39M	USD	Point-in-time
Stockholders' equity, ending balance	`StockholdersEquity`	$-698.74M	USD	Point-in-time
Stockholders' equity, ending balance	`StockholdersEquity`	$-725.62M	USD	Point-in-time
Stockholders' equity, ending balance (in shares)	`CommonStockSharesOutstanding`	214.21M	shares	Point-in-time
Stockholders' equity, ending balance (in shares)	`CommonStockSharesOutstanding`	220.54M	shares	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-534.91M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-287.39M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-265.05M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-115.06M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-419.85M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-552.44M	USD	2 Qtrs
Change in unrealized loss on available-for-sale securities, net of tax	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-1.47M	USD	2 Qtrs
Change in unrealized loss on available-for-sale securities, net of tax	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-1.78M	USD	1 Quarter
Change in unrealized loss on available-for-sale securities, net of tax	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-2.43M	USD	2 Qtrs
Change in unrealized loss on available-for-sale securities, net of tax	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-323.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-287.71M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-116.84M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-537.34M	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-553.91M	USD	2 Qtrs

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