10-Q Filing

AKAMAI TECHNOLOGIES INC CIK: 1086222 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001086222-22-000159`
Period End Date	20220331
Filing Date	20220509
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	akam-20220331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 95 Income Statement 40 Cash Flow Statement 91 Stockholders Equity 20 Comprehensive Income 12

Balance Sheet 95 line items

Line Item	Tag	Value	Unit	Period
Allowances for current expected credit losses and other reserves	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.40M	USD	Point-in-time
Allowances for current expected credit losses and other reserves	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.28M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$377.81M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$456.80M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$536.73M	USD	Point-in-time
Preferred stock, shares designated as Series A Junior Participating Preferred Stock (in shares)	`ConvertiblePreferredStockSharesReservedForFutureIssuance`	700,000.00	shares	Point-in-time
Preferred stock, shares designated as Series A Junior Participating Preferred Stock (in shares)	`ConvertiblePreferredStockSharesReservedForFutureIssuance`	700,000.00	shares	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$541.47M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$129.06M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net of reserves of $3,279 and $1,397 at March 31, 2022, and December 31, 2021, respectively	`AccountsReceivableNetCurrent`	$675.93M	USD	Point-in-time
Accounts receivable, net of reserves of $3,279 and $1,397 at March 31, 2022, and December 31, 2021, respectively	`AccountsReceivableNetCurrent`	$718.79M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$238.82M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$166.31M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.92B	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.46B	USD	Point-in-time
Marketable securities	`MarketableSecuritiesNoncurrent`	$1.09B	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	700.00M	shares	Point-in-time
Marketable securities	`MarketableSecuritiesNoncurrent`	$786.71M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	700.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	160.51M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	161.46M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentAndCapitalizedSoftwareNet`	$1.58B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentAndCapitalizedSoftwareNet`	$1.53B	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$819.88M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$815.75M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	160.54M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	160.51M	shares	Point-in-time
Acquired intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$512.19M	USD	Point-in-time
Treasury stock (in shares)	`TreasuryStockShares`	924,492.00	shares	Point-in-time
Treasury stock (in shares)	`TreasuryStockShares`	0.00	shares	Point-in-time
Acquired intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$313.23M	USD	Point-in-time
Goodwill	`Goodwill`	$2.16B	USD	Point-in-time
Goodwill	`Goodwill`	$2.75B	USD	Point-in-time
Deferred income tax assets	`DeferredIncomeTaxAssetsNet`	$168.34M	USD	Point-in-time
Deferred income tax assets	`DeferredIncomeTaxAssetsNet`	$265.95M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$142.29M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$128.85M	USD	Point-in-time
Total assets	`Assets`	$8.14B	USD	Point-in-time
Total assets	`Assets`	$8.30B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$122.93M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$109.93M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$411.59M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$342.80M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$139.72M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$86.52M	USD	Point-in-time
Revolving credit facility	`LinesOfCreditCurrent`	-	USD	Point-in-time
Revolving credit facility	`LinesOfCreditCurrent`	$75.00M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$175.68M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$183.76M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$6.62M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$5.04M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$790.34M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$869.26M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$25.34M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$30.10M	USD	Point-in-time
Deferred income tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$40.97M	USD	Point-in-time
Deferred income tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$41.13M	USD	Point-in-time
Convertible senior notes	`ConvertibleLongTermNotesPayable`	$2.28B	USD	Point-in-time
Convertible senior notes	`ConvertibleLongTermNotesPayable`	$1.98B	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$703.61M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$707.09M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$68.75M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$77.23M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.61B	USD	Point-in-time
Total liabilities	`Liabilities`	$4.00B	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.01 par value; 5,000,000 shares authorized; 700,000 shares designated as Series A Junior Participating Preferred Stock; no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value; 5,000,000 shares authorized; 700,000 shares designated as Series A Junior Participating Preferred Stock; no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value; 700,000,000 shares authorized; 160,513,059 shares issued and 160,512,135 shares outstanding at March 31, 2022, and 160,512,111 shares issued and outstanding at December 31, 2021	`CommonStockValue`	$1.61M	USD	Point-in-time
Common stock, $0.01 par value; 700,000,000 shares authorized; 160,513,059 shares issued and 160,512,135 shares outstanding at March 31, 2022, and 160,512,111 shares issued and outstanding at December 31, 2021	`CommonStockValue`	$1.60M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.34B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.97B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-88.61M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-69.11M	USD	Point-in-time
Treasury stock, at cost, 924,492 shares at March 31, 2022, and no shares at December 31, 2021	`TreasuryStockValue`	-	USD	Point-in-time
Treasury stock, at cost, 924,492 shares at March 31, 2022, and no shares at December 31, 2021	`TreasuryStockValue`	$102.85M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.26B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.52B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$4.30B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$4.53B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$4.32B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$4.25B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$8.14B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$8.30B	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$903.65M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$842.71M	USD	1 Quarter
Cost of revenue (exclusive of amortization of acquired intangible assets shown below)	`CostOfRevenue`	$306.69M	USD	1 Quarter
Cost of revenue (exclusive of amortization of acquired intangible assets shown below)	`CostOfRevenue`	$332.75M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$82.05M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$99.94M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$116.35M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$122.72M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$153.26M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$136.72M	USD	1 Quarter
Amortization of acquired intangible assets	`AmortizationOfIntangibleAssets`	$13.64M	USD	1 Quarter
Amortization of acquired intangible assets	`AmortizationOfIntangibleAssets`	$11.43M	USD	1 Quarter
Restructuring charge	`RestructuringAndRelatedCostIncurredCost`	$8.02M	USD	1 Quarter
Restructuring charge	`RestructuringAndRelatedCostIncurredCost`	$7.12M	USD	1 Quarter
Total costs and operating expenses	`CostsAndExpenses`	$660.34M	USD	1 Quarter
Total costs and operating expenses	`CostsAndExpenses`	$730.33M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$182.36M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$173.32M	USD	1 Quarter
Interest and marketable securities (loss) income, net	`InvestmentIncomeInterestAndDebtSecuritiesAvailableForSaleGainLoss`	$4.58M	USD	1 Quarter
Interest and marketable securities (loss) income, net	`InvestmentIncomeInterestAndDebtSecuritiesAvailableForSaleGainLoss`	$-211.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$17.83M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.69M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-9.56M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-817.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$168.29M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$160.85M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$34.05M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$11.90M	USD	1 Quarter
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	$-698.00K	USD	1 Quarter
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	$-7.63M	USD	1 Quarter
Net income	`NetIncomeLoss`	$119.16M	USD	1 Quarter
Net income	`NetIncomeLoss`	$155.69M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.95	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.74	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.73	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.94	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	160.49M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	163.06M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	165.69M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	163.64M	shares	1 Quarter

Cash Flow Statement 91 line items

Line Item	Tag	Value	Unit	Period
Proceeds from income tax refunds	`ProceedsFromIncomeTaxRefunds`	$1.85M	USD	1 Quarter
Proceeds from income tax refunds	`ProceedsFromIncomeTaxRefunds`	$1.02M	USD	1 Quarter
Net income	`NetIncomeLoss`	$119.16M	USD	1 Quarter
Net income	`NetIncomeLoss`	$155.69M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$142.59M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$131.47M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$54.30M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$56.23M	USD	1 Quarter
(Benefit) provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.76M	USD	1 Quarter
(Benefit) provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-13.58M	USD	1 Quarter
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$1.12M	USD	1 Quarter
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$16.26M	USD	1 Quarter
Loss on investments	`GainLossOnInvestments`	$-16.54M	USD	1 Quarter
Loss on investments	`GainLossOnInvestments`	$-698.00K	USD	1 Quarter
Other non-cash reconciling items, net	`OtherNoncashIncomeExpense`	$-12.60M	USD	1 Quarter
Other non-cash reconciling items, net	`OtherNoncashIncomeExpense`	$-528.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$39.20M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$15.58M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$64.69M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$35.39M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-66.94M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-72.99M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$25.44M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$55.39M	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-1.44M	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-716.00K	USD	1 Quarter
Other non-current assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$11.69M	USD	1 Quarter
Other non-current assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-4.67M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$222.45M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$249.79M	USD	1 Quarter
Cash paid for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$872.10M	USD	1 Quarter
Cash paid for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$15.64M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$51.01M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$87.22M	USD	1 Quarter
Capitalization of internal-use software development costs	`PaymentsForSoftware`	$80.35M	USD	1 Quarter
Capitalization of internal-use software development costs	`PaymentsForSoftware`	$77.50M	USD	1 Quarter
Purchases of short- and long-term marketable securities	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	-	USD	1 Quarter
Purchases of short- and long-term marketable securities	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$90.28M	USD	1 Quarter
Proceeds from sales of short- and long-term marketable securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$7.15M	USD	1 Quarter
Proceeds from sales of short- and long-term marketable securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$571.37M	USD	1 Quarter
Proceeds from maturities and redemptions of short- and long-term marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$227.00M	USD	1 Quarter
Proceeds from maturities and redemptions of short- and long-term marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$120.43M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-179.00K	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$5.24M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-36.31M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-316.90M	USD	1 Quarter
Proceeds from borrowings under revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	$75.00M	USD	1 Quarter
Proceeds from borrowings under revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	-	USD	1 Quarter
Proceeds related to the issuance of common stock under stock plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$21.41M	USD	1 Quarter
Proceeds related to the issuance of common stock under stock plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$21.94M	USD	1 Quarter
Employee taxes paid related to net share settlement of stock-based awards	`EmployeeTaxesPaidRelatedToNetShareSettlementOfEquityAwards`	$63.95M	USD	1 Quarter
Employee taxes paid related to net share settlement of stock-based awards	`EmployeeTaxesPaidRelatedToNetShareSettlementOfEquityAwards`	$54.82M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$102.85M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$58.24M	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-104.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-60.84M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-100.78M	USD	1 Quarter
Effects of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-7.15M	USD	1 Quarter
Effects of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-1.46M	USD	1 Quarter
Net (decrease) increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$105.56M	USD	1 Quarter
Net (decrease) increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-156.74M	USD	1 Quarter
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$353.47M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$459.02M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$537.75M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$381.01M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$353.47M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$459.02M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$537.75M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$381.01M	USD	Point-in-time
Cash paid for income taxes, net of refunds received of $1,025 and $1,846 for the three months ended March 31, 2022 and 2021, respectively	`IncomeTaxesPaidNet`	$17.74M	USD	1 Quarter
Cash paid for income taxes, net of refunds received of $1,025 and $1,846 for the three months ended March 31, 2022 and 2021, respectively	`IncomeTaxesPaidNet`	$50.53M	USD	1 Quarter
Cash paid for interest expense	`InterestPaidNet`	$2.16M	USD	1 Quarter
Cash paid for interest expense	`InterestPaidNet`	$2.16M	USD	1 Quarter
Cash paid for operating lease liabilities	`OperatingLeasePayments`	$63.67M	USD	1 Quarter
Cash paid for operating lease liabilities	`OperatingLeasePayments`	$54.28M	USD	1 Quarter
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$38.58M	USD	1 Quarter
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$82.12M	USD	1 Quarter
Purchases of property and equipment and capitalization of internal-use software development costs included in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$60.19M	USD	1 Quarter
Purchases of property and equipment and capitalization of internal-use software development costs included in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$48.33M	USD	1 Quarter
Capitalization of stock-based compensation	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$7.80M	USD	1 Quarter
Capitalization of stock-based compensation	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$9.46M	USD	1 Quarter
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$377.81M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$456.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$536.73M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$2.22M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$3.20M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$353.47M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$459.02M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$537.75M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$381.01M	USD	Point-in-time

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$4.30B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$4.53B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$4.32B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$4.25B	USD	Point-in-time
Issuance of common stock upon the vesting of restricted and deferred stock units, net of shares withheld for employee taxes	`StockIssuedDuringPeriodValueExerciseOfStockOptionsandVestingofRestrictedandDeferredStockUnits`	$-64.01M	USD	1 Quarter
Issuance of common stock upon the vesting of restricted and deferred stock units, net of shares withheld for employee taxes	`StockIssuedDuringPeriodValueExerciseOfStockOptionsandVestingofRestrictedandDeferredStockUnits`	$-54.64M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$63.77M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$63.77M	USD	1 Quarter
Repurchases of common stock	`TreasuryStockValueAcquiredCostMethod`	$58.24M	USD	1 Quarter
Repurchases of common stock	`TreasuryStockValueAcquiredCostMethod`	$102.85M	USD	1 Quarter
Net income	`NetIncomeLoss`	$119.16M	USD	1 Quarter
Net income	`NetIncomeLoss`	$155.69M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$2.04M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-24.27M	USD	1 Quarter
Change in unrealized loss on investments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-21.54M	USD	1 Quarter
Change in unrealized loss on investments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-2.88M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$4.30B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$4.53B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$4.32B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$4.25B	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Income tax benefit	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-937.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$119.16M	USD	1 Quarter
Net income	`NetIncomeLoss`	$155.69M	USD	1 Quarter
Income tax benefit	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-4.95M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$2.04M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-24.27M	USD	1 Quarter
Change in unrealized loss on investments, net of income tax benefit of $4,948 and $937 for the three months ended March 31, 2022 and 2021, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-21.54M	USD	1 Quarter
Change in unrealized loss on investments, net of income tax benefit of $4,948 and $937 for the three months ended March 31, 2022 and 2021, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-2.88M	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-19.51M	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-27.15M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$99.66M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$128.55M	USD	1 Quarter

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