10-Q Filing

NUTANIX, INC. CIK: 1618732 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0000950170-23-023905`
Period End Date	20230131
Filing Date	20230524
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	ntnx-20230131_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 83 Income Statement 66 Cash Flow Statement 93 Stockholders Equity 33 Comprehensive Income 14

Balance Sheet 83 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$402.85M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$400.75M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$406.60M	USD	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$921.43M	USD	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$904.76M	USD	Point-in-time
Accounts receivable, net of allowances of $644 and $472, respectively	`AccountsReceivableNetCurrent`	$155.26M	USD	Point-in-time
Accounts receivable, net of allowances of $644 and $472, respectively	`AccountsReceivableNetCurrent`	$124.56M	USD	Point-in-time
Deferred commissionscurrent	`Deferredcommissionscurrentportion`	$109.36M	USD	Point-in-time
Deferred commissionscurrent	`Deferredcommissionscurrentportion`	$115.36M	USD	Point-in-time
Accounts receivable, allowance for credit loss	`AllowanceForDoubtfulAccountsReceivable`	$472.00K	USD	Point-in-time
Accounts receivable, allowance for credit loss	`AllowanceForDoubtfulAccountsReceivable`	$644.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$93.79M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$115.76M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.69B	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.66B	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	200.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$112.58M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	200.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$113.44M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$106.71M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$118.74M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Deferred commissionsnon-current	`Deferredsalescommissionsnoncurrent`	$239.12M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Deferred commissionsnon-current	`Deferredsalescommissionsnoncurrent`	$252.23M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$9.94M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$15.83M	USD	Point-in-time
Goodwill	`Goodwill`	$185.26M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.04B	shares	Point-in-time
Goodwill	`Goodwill`	$185.26M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.04B	shares	Point-in-time
Other assetsnon-current	`OtherAssetsNoncurrent`	$22.27M	USD	Point-in-time
Other assetsnon-current	`OtherAssetsNoncurrent`	$26.13M	USD	Point-in-time
Total assets	`Assets`	$2.37B	USD	Point-in-time
Total assets	`Assets`	$2.37B	USD	Point-in-time
Deferred revenuenon-current	`ContractWithCustomerLiabilityNoncurrent`	$724.54M	USD	Point-in-time
Deferred revenuenon-current	`ContractWithCustomerLiabilityNoncurrent`	$738.82M	USD	Point-in-time
Operating lease liabilitiesnon-current	`OperatingLeaseLiabilityNoncurrent`	$89.78M	USD	Point-in-time
Operating lease liabilitiesnon-current	`OperatingLeaseLiabilityNoncurrent`	$80.58M	USD	Point-in-time
Convertible senior notes, net	`ConvertibleLongTermNotesPayable`	$1.16B	USD	Point-in-time
Convertible senior notes, net	`ConvertibleLongTermNotesPayable`	$1.19B	USD	Point-in-time
Other liabilitiesnon-current	`OtherLiabilitiesNoncurrent`	$35.16M	USD	Point-in-time
Other liabilitiesnon-current	`OtherLiabilitiesNoncurrent`	$35.74M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.15B	USD	Point-in-time
Total liabilities	`Liabilities`	$3.17B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$44.07M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$44.93M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$149.81M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$138.34M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$59.57M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$108.26M	USD	Point-in-time
Deferred revenuecurrent	`ContractWithCustomerLiabilityCurrent`	$787.50M	USD	Point-in-time
Deferred revenuecurrent	`ContractWithCustomerLiabilityCurrent`	$720.99M	USD	Point-in-time
Operating lease liabilitiescurrent	`OperatingLeaseLiabilityCurrent`	$39.80M	USD	Point-in-time
Operating lease liabilitiescurrent	`OperatingLeaseLiabilityCurrent`	$34.10M	USD	Point-in-time
Convertible senior notes, net-current	`ConvertibleNotesPayableCurrent`	$145.46M	USD	Point-in-time
Convertible senior notes, net-current	`ConvertibleNotesPayableCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.16B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.11B	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, par value of $0.000025 per share- 200,000 shares authorized as of July 31, 2022 and January 31, 2023; no shares issued and outstanding as of July 31, 2022 and January 31, 2023	`PreferredStockValueOutstanding`	-	USD	Point-in-time
Preferred stock, par value of $0.000025 per share- 200,000 shares authorized as of July 31, 2022 and January 31, 2023; no shares issued and outstanding as of July 31, 2022 and January 31, 2023	`PreferredStockValueOutstanding`	-	USD	Point-in-time
Common stock, par value of $0.000025 per share-1,042,004 (1,000,000 Class A, 42,004 Class B) and 1,000,000 Class A shares authorized as of July 31, 2022 and January 31, 2023, respectively; 226,938 and 233,591 Class A shares issued and outstanding as of July 31, 2022 and January 31, 2023, respectively	`CommonStockValue`	$6.00K	USD	Point-in-time
Common stock, par value of $0.000025 per share-1,042,004 (1,000,000 Class A, 42,004 Class B) and 1,000,000 Class A shares authorized as of July 31, 2022 and January 31, 2023, respectively; 226,938 and 233,591 Class A shares issued and outstanding as of July 31, 2022 and January 31, 2023, respectively	`CommonStockValue`	$6.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$3.77B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$3.58B	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.80M	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.08M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.55B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.38B	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-735.25M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-782.68M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-708.02M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-801.78M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-1.02B	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-800.50M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$2.37B	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$2.37B	USD	Point-in-time

Income Statement 66 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$486.50M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$413.08M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$791.60M	USD	2 Qtrs
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$920.10M	USD	2 Qtrs
Total cost of revenue	`CostOfGoodsAndServicesSold`	$169.30M	USD	2 Qtrs
Total cost of revenue	`CostOfGoodsAndServicesSold`	$79.97M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$161.41M	USD	2 Qtrs
Total cost of revenue	`CostOfGoodsAndServicesSold`	$86.81M	USD	1 Quarter
Gross profit	`GrossProfit`	$333.11M	USD	1 Quarter
Gross profit	`GrossProfit`	$630.18M	USD	2 Qtrs
Gross profit	`GrossProfit`	$750.80M	USD	2 Qtrs
Gross profit	`GrossProfit`	$399.69M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$241.73M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$229.79M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$466.01M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$491.85M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$291.74M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$142.30M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$286.40M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$141.87M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$84.11M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$44.29M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$84.32M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$130.21M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$887.97M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$427.89M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$862.57M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$456.20M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-232.38M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-56.51M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-137.16M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-94.78M	USD	1 Quarter
Other expense, net	`NonoperatingIncomeExpense`	$-10.11M	USD	1 Quarter
Other expense, net	`NonoperatingIncomeExpense`	$-15.33M	USD	1 Quarter
Other expense, net	`NonoperatingIncomeExpense`	$-23.53M	USD	2 Qtrs
Other expense, net	`NonoperatingIncomeExpense`	$-293.88M	USD	2 Qtrs
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-160.69M	USD	2 Qtrs
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-66.62M	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-526.27M	USD	2 Qtrs
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-110.11M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.31M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$9.36M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$9.61M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.17M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-170.30M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-535.62M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-99.51M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-70.79M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-115.42M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-420.21M	USD	1 Quarter
Net loss per share attributable to Class A common stockholders-basic	`EarningsPerShareBasic`	$-2.47	USD	2 Qtrs
Net loss per share attributable to Class A common stockholders-basic	`EarningsPerShareBasic`	$-0.74	USD	2 Qtrs
Net loss per share attributable to Class A common stockholders-basic	`EarningsPerShareBasic`	$-0.53	USD	1 Quarter
Net loss per share attributable to Class A common stockholders-basic	`EarningsPerShareBasic`	$-0.31	USD	1 Quarter
Net loss per share attributable to Class A common stockholders-diluted	`EarningsPerShareDiluted`	$-2.47	USD	2 Qtrs
Net loss per share attributable to Class A common stockholders-diluted	`EarningsPerShareDiluted`	$-0.74	USD	2 Qtrs
Net loss per share attributable to Class A common stockholders-diluted	`EarningsPerShareDiluted`	$-0.53	USD	1 Quarter
Net loss per share attributable to Class A common stockholders-diluted	`EarningsPerShareDiluted`	$-0.31	USD	1 Quarter
Weighted average shares used in computing net loss per share attributable to Class A common stockholders-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	218.81M	shares	1 Quarter
Weighted average shares used in computing net loss per share attributable to Class A common stockholders-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	231.92M	shares	1 Quarter
Weighted average shares used in computing net loss per share attributable to Class A common stockholders-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	217.15M	shares	2 Qtrs
Weighted average shares used in computing net loss per share attributable to Class A common stockholders-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	230.23M	shares	2 Qtrs
Weighted average shares used in computing net loss per share attributable to Class A common stockholders-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	217.15M	shares	2 Qtrs
Weighted average shares used in computing net loss per share attributable to Class A common stockholders-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	230.23M	shares	2 Qtrs
Weighted average shares used in computing net loss per share attributable to Class A common stockholders-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	231.92M	shares	1 Quarter
Weighted average shares used in computing net loss per share attributable to Class A common stockholders-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	218.81M	shares	1 Quarter

Cash Flow Statement 93 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-170.30M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-535.62M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-99.51M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-70.79M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-115.42M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-420.21M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$45.58M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$39.48M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$166.25M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$178.59M	USD	2 Qtrs
Change in fair value of derivative liability	`IncreaseDecreaseInDerivativeLiabilities`	-	USD	2 Qtrs
Change in fair value of derivative liability	`IncreaseDecreaseInDerivativeLiabilities`	$198.04M	USD	2 Qtrs
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-64.91M	USD	2 Qtrs
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$21.08M	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`	$18.16M	USD	2 Qtrs
Early exit of lease-related assets	`OperatingLeaseImpairmentLoss`	-	USD	2 Qtrs
Early exit of lease-related assets	`OperatingLeaseImpairmentLoss`	$-1.11M	USD	2 Qtrs
Non-cash interest expense	`NoncashInterestExpense`	$9.82M	USD	2 Qtrs
Non-cash interest expense	`NoncashInterestExpense`	$9.57M	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$2.43M	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-5.16M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$28.65M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-23.83M	USD	2 Qtrs
Deferred commissions	`IncreaseDecreaseInDeferredCharges`	$-19.11M	USD	2 Qtrs
Deferred commissions	`IncreaseDecreaseInDeferredCharges`	$13.33M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$28.35M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.95M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.17M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.39M	USD	2 Qtrs
Accrued compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-11.47M	USD	2 Qtrs
Accrued compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-19.50M	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$52.42M	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-2.66M	USD	2 Qtrs
Operating leases, net	`IncreaseDecreaseinOperatingLeasesNet`	$-23.62M	USD	2 Qtrs
Operating leases, net	`IncreaseDecreaseinOperatingLeasesNet`	$-19.96M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$70.97M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$78.72M	USD	2 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$139.60M	USD	2 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$32.71M	USD	2 Qtrs
Maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$529.11M	USD	2 Qtrs
Maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$568.70M	USD	2 Qtrs
Purchases of investments	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$508.98M	USD	2 Qtrs
Purchases of investments	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$556.15M	USD	2 Qtrs
Sales of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	2 Qtrs
Sales of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$18.00M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$17.39M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$30.77M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$13.16M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.64M	USD	2 Qtrs
Repayment of convertible notes	`RepaymentOfConvertibleNotes`	-	USD	2 Qtrs
Repayment of convertible notes	`RepaymentOfConvertibleNotes`	$145.70M	USD	2 Qtrs
Payments of debt extinguishment costs	`PaymentsOfDebtExtinguishmentCosts`	$14.71M	USD	2 Qtrs
Payments of debt extinguishment costs	`PaymentsOfDebtExtinguishmentCosts`	-	USD	2 Qtrs
Proceeds from unwinding of convertible note hedges	`ProceedsFromHedgeFinancingActivities`	$39.88M	USD	2 Qtrs
Proceeds from unwinding of convertible note hedges	`ProceedsFromHedgeFinancingActivities`	-	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`	$32.05M	USD	2 Qtrs
Proceeds from sales of shares through employee equity incentive plans	`ProceedsFromStockPlans`	$22.90M	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`	-	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	-	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`	$2.34M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-125.15M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$69.07M	USD	2 Qtrs
Net (decrease) increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$114.93M	USD	2 Qtrs
Net (decrease) increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$3.80M	USD	2 Qtrs
Cash, cash equivalents and restricted cashbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$403.81M	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`	$409.66M	USD	Point-in-time
Cash, cash equivalents and restricted cashbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$405.86M	USD	Point-in-time
Cash, cash equivalents and restricted cashend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$403.81M	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`	$409.66M	USD	Point-in-time
Cash, cash equivalents and restricted cashend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$405.86M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$3.06M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$3.06M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashAndCashEquivalentsAtCarryingValue`	$402.85M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashAndCashEquivalentsAtCarryingValue`	$400.75M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashAndCashEquivalentsAtCarryingValue`	$406.60M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	$12.08M	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$16.19M	USD	2 Qtrs
Purchases of property and equipment included in accounts payable and accrued and other liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$18.65M	USD	2 Qtrs
Purchases of property and equipment included in accounts payable and accrued and other liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$18.94M	USD	2 Qtrs
Finance lease liabilities arising from obtaining right-of-use assets	`FinanceLeaseLiabilitiesArisingFromObtainingRightOfUseAssets`	$9.57M	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 33 line items

Line Item	Tag	Value	Unit	Period
Stockholders' equity, beginning balance	`StockholdersEquity`	$-735.25M	USD	Point-in-time
Stockholders' equity, beginning balance	`StockholdersEquity`	$-782.68M	USD	Point-in-time
Stockholders' equity, beginning balance	`StockholdersEquity`	$-708.02M	USD	Point-in-time
Stockholders' equity, beginning balance	`StockholdersEquity`	$-801.78M	USD	Point-in-time
Stockholders' equity, beginning balance	`StockholdersEquity`	$-1.02B	USD	Point-in-time
Stockholders' equity, beginning balance	`StockholdersEquity`	$-800.50M	USD	Point-in-time
2026 Notes derivative liability reclassification	`AdjustmentsToAdditionalPaidInCapitalDerivativeLiabilityReclassification`	$698.21M	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`	$1.98M	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`	$18.95M	USD	1 Quarter
Issuance of common stock from ESPP purchase	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$28.79M	USD	1 Quarter
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$58.57M	USD	1 Quarter
Unwinding of 2023 Notes hedges	`UnwindingOfNotesHedges`	$39.88M	USD	1 Quarter
Unwinding of 2023 Notes warrants	`WarrantDownRoundFeatureIncreaseDecreaseInEquityAmount1`	$-18.39M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$90.55M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$88.05M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$80.95M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-651.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-3.64M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.78M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-170.30M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-535.62M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-99.51M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-70.79M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-115.42M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-420.21M	USD	1 Quarter
Stockholders' equity, ending balance	`StockholdersEquity`	$-735.25M	USD	Point-in-time
Stockholders' equity, ending balance	`StockholdersEquity`	$-782.68M	USD	Point-in-time
Stockholders' equity, ending balance	`StockholdersEquity`	$-708.02M	USD	Point-in-time
Stockholders' equity, ending balance	`StockholdersEquity`	$-801.78M	USD	Point-in-time
Stockholders' equity, ending balance	`StockholdersEquity`	$-1.02B	USD	Point-in-time
Stockholders' equity, ending balance	`StockholdersEquity`	$-800.50M	USD	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-170.30M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-535.62M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-99.51M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-70.79M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-115.42M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-420.21M	USD	1 Quarter
Change in unrealized loss on available-for-sale securities, net of tax	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$275.00K	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`	$3.92M	USD	1 Quarter
Change in unrealized loss on available-for-sale securities, net of tax	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-2.43M	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-170.03M	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-538.05M	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-66.87M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-117.19M	USD	1 Quarter

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