10-Q Filing

AKAMAI TECHNOLOGIES INC CIK: 1086222 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001086222-23-000187`
Period End Date	20230331
Filing Date	20230509
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	akam-20230331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 93 Income Statement 40 Cash Flow Statement 91 Stockholders Equity 20 Comprehensive Income 12

Balance Sheet 93 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable reserve	`AllowanceForDoubtfulAccountsReceivableCurrent`	$5.56M	USD	Point-in-time
Accounts receivable reserve	`AllowanceForDoubtfulAccountsReceivableCurrent`	$5.92M	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`	$542.34M	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`	$298.80M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	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`	$453.11M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$562.98M	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 issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net of reserves of $5,557 and $5,917 at March 31, 2023, and December 31, 2022, respectively	`AccountsReceivableNetCurrent`	$679.21M	USD	Point-in-time
Accounts receivable, net of reserves of $5,557 and $5,917 at March 31, 2023, and December 31, 2022, respectively	`AccountsReceivableNetCurrent`	$705.82M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$239.98M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$185.04M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	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`	$1.70B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.97B	USD	Point-in-time
Marketable securities	`MarketableSecuritiesNoncurrent`	$298.70M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	700.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	700.00M	shares	Point-in-time
Marketable securities	`MarketableSecuritiesNoncurrent`	$320.53M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentAndCapitalizedSoftwareNet`	$1.54B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	156.49M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentAndCapitalizedSoftwareNet`	$1.65B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	157.30M	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$850.28M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	156.49M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	152.74M	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$813.37M	USD	Point-in-time
Acquired intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$432.23M	USD	Point-in-time
Treasury stock (in shares)	`TreasuryStockCommonShares`	4.56M	shares	Point-in-time
Acquired intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$441.72M	USD	Point-in-time
Treasury stock (in shares)	`TreasuryStockCommonShares`	0.00	shares	Point-in-time
Goodwill	`Goodwill`	$2.78B	USD	Point-in-time
Goodwill	`Goodwill`	$2.76B	USD	Point-in-time
Deferred income tax assets	`DeferredIncomeTaxAssetsNet`	$334.73M	USD	Point-in-time
Deferred income tax assets	`DeferredIncomeTaxAssetsNet`	$337.68M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$133.21M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$116.52M	USD	Point-in-time
Total assets	`Assets`	$8.30B	USD	Point-in-time
Total assets	`Assets`	$8.18B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$202.13M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$145.42M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$367.02M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$256.92M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$140.93M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$105.11M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$205.06M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$196.09M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$5.23M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$31.22M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$818.87M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$836.25M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$23.75M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$22.12M	USD	Point-in-time
Deferred income tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$18.40M	USD	Point-in-time
Deferred income tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$20.44M	USD	Point-in-time
Convertible senior notes	`ConvertibleLongTermNotesPayable`	$2.29B	USD	Point-in-time
Convertible senior notes	`ConvertibleLongTermNotesPayable`	$2.29B	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$693.26M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$735.81M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$105.31M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$109.37M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.94B	USD	Point-in-time
Total liabilities	`Liabilities`	$4.01B	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; 157,299,369 shares issued and 152,743,828 shares outstanding at March 31, 2023, and 156,494,816 shares issued and outstanding at December 31, 2022	`CommonStockValue`	$1.57M	USD	Point-in-time
Common stock, $0.01 par value; 700,000,000 shares authorized; 157,299,369 shares issued and 152,743,828 shares outstanding at March 31, 2023, and 156,494,816 shares issued and outstanding at December 31, 2022	`CommonStockValue`	$1.56M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.58B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.63B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-140.33M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-121.16M	USD	Point-in-time
Treasury stock, at cost, 4,555,541 shares at March 31, 2023, and no shares at December 31, 2022	`TreasuryStockCommonValue`	-	USD	Point-in-time
Treasury stock, at cost, 4,555,541 shares at March 31, 2023, and no shares at December 31, 2022	`TreasuryStockCommonValue`	$351.77M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.92B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.02B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$4.31B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$4.36B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$4.17B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$4.53B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$8.30B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$8.18B	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$915.70M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$903.65M	USD	1 Quarter
Cost of revenue (exclusive of amortization of acquired intangible assets shown below)	`CostOfRevenue`	$332.75M	USD	1 Quarter
Cost of revenue (exclusive of amortization of acquired intangible assets shown below)	`CostOfRevenue`	$361.32M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$91.86M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$99.94M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$129.11M	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`	$146.14M	USD	1 Quarter
Amortization of acquired intangible assets	`AmortizationOfIntangibleAssets`	$13.64M	USD	1 Quarter
Amortization of acquired intangible assets	`AmortizationOfIntangibleAssets`	$15.91M	USD	1 Quarter
Restructuring charge	`RestructuringAndRelatedCostIncurredCost`	$44.72M	USD	1 Quarter
Restructuring charge	`RestructuringAndRelatedCostIncurredCost`	$8.02M	USD	1 Quarter
Total costs and operating expenses	`CostsAndExpenses`	$730.33M	USD	1 Quarter
Total costs and operating expenses	`CostsAndExpenses`	$789.06M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$126.64M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$173.32M	USD	1 Quarter
Interest and marketable securities income (loss), net	`InterestAndMarketableSecuritiesIncomeLossNet`	$5.29M	USD	1 Quarter
Interest and marketable securities income (loss), net	`InterestAndMarketableSecuritiesIncomeLossNet`	$-211.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$2.68M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.69M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-9.56M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-2.36M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$160.85M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$126.89M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$29.78M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$19.84M	USD	1 Quarter
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	$-7.63M	USD	1 Quarter
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Net income	`NetIncomeLoss`	$133.38M	USD	1 Quarter
Net income	`NetIncomeLoss`	$97.11M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.62	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.83	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.82	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.62	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	155.64M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	160.49M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	156.13M	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`	$1.02M	USD	1 Quarter
Proceeds from income tax refunds	`ProceedsFromIncomeTaxRefunds`	$225.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$133.38M	USD	1 Quarter
Net income	`NetIncomeLoss`	$97.11M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$135.46M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$142.59M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$61.88M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$56.23M	USD	1 Quarter
Provision (benefit) for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-27.79M	USD	1 Quarter
Provision (benefit) for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$4.92M	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$1.10M	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$1.12M	USD	1 Quarter
(Gain) loss on investments	`GainLossOnInvestments`	$-16.54M	USD	1 Quarter
(Gain) loss on investments	`GainLossOnInvestments`	$174.00K	USD	1 Quarter
Other non-cash reconciling items, net	`OtherNoncashIncomeExpense`	$-12.60M	USD	1 Quarter
Other non-cash reconciling items, net	`OtherNoncashIncomeExpense`	$-21.60M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$39.20M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$25.25M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$64.69M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$26.01M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-66.94M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-97.26M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$55.39M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$36.45M	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$25.83M	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-1.44M	USD	1 Quarter
Other non-current assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$2.16M	USD	1 Quarter
Other non-current assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-4.67M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$233.50M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$222.45M	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`	$20.07M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$51.01M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$141.70M	USD	1 Quarter
Capitalization of internal-use software development costs	`PaymentsForSoftware`	$80.55M	USD	1 Quarter
Capitalization of internal-use software development costs	`PaymentsForSoftware`	$80.35M	USD	1 Quarter
Purchases of short- and long-term marketable securities	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$134.19M	USD	1 Quarter
Purchases of short- and long-term marketable securities	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	-	USD	1 Quarter
Proceeds from sales of short- and long-term marketable securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$185.25M	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`	$120.43M	USD	1 Quarter
Proceeds from maturities and redemptions of short- and long-term marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$91.64M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$20.27M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$5.24M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-316.90M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-119.89M	USD	1 Quarter
Proceeds from borrowings under revolving credit facility	`ProceedsFromRepaymentsOfLinesOfCredit`	$75.00M	USD	1 Quarter
Proceeds from borrowings under revolving credit facility	`ProceedsFromRepaymentsOfLinesOfCredit`	-	USD	1 Quarter
Proceeds related to the issuance of common stock under stock plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$21.26M	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`	$29.89M	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`	$348.60M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$102.85M	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-52.00K	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`	$-357.29M	USD	1 Quarter
Effects of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.30M	USD	1 Quarter
Effects of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-1.46M	USD	1 Quarter
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-156.74M	USD	1 Quarter
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-241.38M	USD	1 Quarter
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`	$543.02M	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 beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$301.64M	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`	$543.02M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$381.01M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$301.64M	USD	Point-in-time
Cash paid for income taxes, net of refunds received of $225 and $1,025 for the three months ended March 31, 2023 and 2022, respectively	`IncomeTaxesPaidNet`	$50.53M	USD	1 Quarter
Cash paid for income taxes, net of refunds received of $225 and $1,025 for the three months ended March 31, 2023 and 2022, respectively	`IncomeTaxesPaidNet`	$86.07M	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`	$55.17M	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`	$102.95M	USD	1 Quarter
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$38.58M	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
Purchases of property and equipment and capitalization of internal-use software development costs included in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$101.20M	USD	1 Quarter
Capitalization of stock-based compensation	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$14.61M	USD	1 Quarter
Capitalization of stock-based compensation	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$7.80M	USD	1 Quarter
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$542.34M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$377.81M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$298.80M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$2.84M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$3.20M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$537.75M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$543.02M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$381.01M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$301.64M	USD	Point-in-time

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$4.31B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$4.36B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$4.17B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$4.53B	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`	$-31.34M	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`	$77.98M	USD	1 Quarter
Repurchases of common stock	`TreasuryStockValueAcquiredCostMethod`	$351.77M	USD	1 Quarter
Repurchases of common stock	`TreasuryStockValueAcquiredCostMethod`	$102.85M	USD	1 Quarter
Net income	`NetIncomeLoss`	$133.38M	USD	1 Quarter
Net income	`NetIncomeLoss`	$97.11M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$11.72M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$2.04M	USD	1 Quarter
Change in unrealized gain (loss) on investments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$7.45M	USD	1 Quarter
Change in unrealized gain (loss) on investments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-21.54M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$4.31B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$4.36B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$4.17B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$4.53B	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Income tax (provision) benefit	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-4.95M	USD	1 Quarter
Income tax (provision) benefit	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$2.40M	USD	1 Quarter
Net income	`NetIncomeLoss`	$133.38M	USD	1 Quarter
Net income	`NetIncomeLoss`	$97.11M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$11.72M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$2.04M	USD	1 Quarter
Change in unrealized gain (loss) on investments, net of income tax (provision) benefit of $(2,399) and $4,948 for the three months ended March 31, 2023 and 2022, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$7.45M	USD	1 Quarter
Change in unrealized gain (loss) on investments, net of income tax (provision) benefit of $(2,399) and $4,948 for the three months ended March 31, 2023 and 2022, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-21.54M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-19.51M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$19.17M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$116.28M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$113.87M	USD	1 Quarter

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