10-Q Filing

AKAMAI TECHNOLOGIES INC CIK: 1086222 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001086222-23-000248`
Period End Date	20230630
Filing Date	20230808
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	akam-20230630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 97 Income Statement 80 Cash Flow Statement 95 Stockholders Equity 44 Comprehensive Income 24

Balance Sheet 97 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable reserve	`AllowanceForDoubtfulAccountsReceivableCurrent`	$8.04M	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`	$426.71M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$542.34M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$298.61M	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`	$491.95M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$562.98M	USD	Point-in-time
Accounts receivable, net of reserves of $8,038 and $5,917 at June 30, 2023, and December 31, 2022, respectively	`AccountsReceivableNetCurrent`	$698.45M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net of reserves of $8,038 and $5,917 at June 30, 2023, and December 31, 2022, respectively	`AccountsReceivableNetCurrent`	$679.21M	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
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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$229.47M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.72B	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.97B	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	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
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	700.00M	shares	Point-in-time
Marketable securities	`MarketableSecuritiesNoncurrent`	$249.21M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	156.49M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	157.98M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentAndCapitalizedSoftwareNet`	$1.54B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentAndCapitalizedSoftwareNet`	$1.75B	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$813.37M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$884.69M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	156.49M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	151.79M	shares	Point-in-time
Acquired intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$437.26M	USD	Point-in-time
Acquired intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$441.72M	USD	Point-in-time
Treasury stock (in shares)	`TreasuryStockCommonShares`	6.19M	shares	Point-in-time
Treasury stock (in shares)	`TreasuryStockCommonShares`	0.00	shares	Point-in-time
Goodwill	`Goodwill`	$2.85B	USD	Point-in-time
Goodwill	`Goodwill`	$2.76B	USD	Point-in-time
Deferred income tax assets	`DeferredIncomeTaxAssetsNet`	$337.68M	USD	Point-in-time
Deferred income tax assets	`DeferredIncomeTaxAssetsNet`	$337.03M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$116.52M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$124.76M	USD	Point-in-time
Total assets	`Assets`	$8.30B	USD	Point-in-time
Total assets	`Assets`	$8.35B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$194.49M	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`	$269.26M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$105.11M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$138.61M	USD	Point-in-time
Revolving credit facility	`LinesOfCreditCurrent`	$20.00M	USD	Point-in-time
Revolving credit facility	`LinesOfCreditCurrent`	-	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$196.09M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$217.22M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$21.18M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$5.23M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$860.77M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$818.87M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$27.15M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$22.12M	USD	Point-in-time
Deferred income tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$18.84M	USD	Point-in-time
Deferred income tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$18.40M	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`	$758.30M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$693.26M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$104.25M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$105.31M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.06B	USD	Point-in-time
Total liabilities	`Liabilities`	$3.94B	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; 157,982,228 shares issued and 151,790,861 shares outstanding at June 30, 2023, and 156,494,816 shares issued and outstanding at December 31, 2022	`CommonStockValue`	$1.58M	USD	Point-in-time
Common stock, $0.01 par value; 700,000,000 shares authorized; 157,982,228 shares issued and 151,790,861 shares outstanding at June 30, 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`	$2.75B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.58B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-119.96M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-140.33M	USD	Point-in-time
Treasury stock, at cost, 6,191,367 shares at June 30, 2023, and no shares at December 31, 2022	`TreasuryStockCommonValue`	-	USD	Point-in-time
Treasury stock, at cost, 6,191,367 shares at June 30, 2023, and no shares at December 31, 2022	`TreasuryStockCommonValue`	$490.40M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.15B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.92B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$4.31B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$4.29B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$4.53B	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 liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$8.30B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$8.35B	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$935.72M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$903.33M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$1.81B	USD	2 Qtrs
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$1.85B	USD	2 Qtrs
Cost of revenue (exclusive of amortization of acquired intangible assets shown below)	`CostOfRevenue`	$734.59M	USD	2 Qtrs
Cost of revenue (exclusive of amortization of acquired intangible assets shown below)	`CostOfRevenue`	$346.65M	USD	1 Quarter
Cost of revenue (exclusive of amortization of acquired intangible assets shown below)	`CostOfRevenue`	$679.40M	USD	2 Qtrs
Cost of revenue (exclusive of amortization of acquired intangible assets shown below)	`CostOfRevenue`	$373.27M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$99.04M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$192.00M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$92.07M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$190.90M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$265.66M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$249.38M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$126.67M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$136.55M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$294.48M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$297.95M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$141.22M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$151.81M	USD	1 Quarter
Amortization of acquired intangible assets	`AmortizationOfIntangibleAssets`	$16.97M	USD	1 Quarter
Amortization of acquired intangible assets	`AmortizationOfIntangibleAssets`	$15.90M	USD	1 Quarter
Amortization of acquired intangible assets	`AmortizationOfIntangibleAssets`	$30.62M	USD	2 Qtrs
Amortization of acquired intangible assets	`AmortizationOfIntangibleAssets`	$31.81M	USD	2 Qtrs
Restructuring charge	`RestructuringAndRelatedCostIncurredCost`	$9.36M	USD	1 Quarter
Restructuring charge	`RestructuringAndRelatedCostIncurredCost`	$54.08M	USD	2 Qtrs
Restructuring charge	`RestructuringAndRelatedCostIncurredCost`	$4.71M	USD	1 Quarter
Restructuring charge	`RestructuringAndRelatedCostIncurredCost`	$12.73M	USD	2 Qtrs
Total costs and operating expenses	`CostsAndExpenses`	$785.94M	USD	1 Quarter
Total costs and operating expenses	`CostsAndExpenses`	$1.57B	USD	2 Qtrs
Total costs and operating expenses	`CostsAndExpenses`	$1.46B	USD	2 Qtrs
Total costs and operating expenses	`CostsAndExpenses`	$728.29M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$348.36M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$276.42M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$149.78M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$175.04M	USD	1 Quarter
Interest and marketable securities income (loss), net	`InterestAndMarketableSecuritiesIncomeLossNet`	$4.51M	USD	1 Quarter
Interest and marketable securities income (loss), net	`InterestAndMarketableSecuritiesIncomeLossNet`	$9.80M	USD	2 Qtrs
Interest and marketable securities income (loss), net	`InterestAndMarketableSecuritiesIncomeLossNet`	$-2.54M	USD	2 Qtrs
Interest and marketable securities income (loss), net	`InterestAndMarketableSecuritiesIncomeLossNet`	$-2.33M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.93M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.16M	USD	1 Quarter
Interest expense	`InterestExpense`	$5.63M	USD	2 Qtrs
Interest expense	`InterestExpense`	$5.84M	USD	2 Qtrs
Other (expense) income, net	`OtherNonoperatingIncomeExpense`	$-8.75M	USD	2 Qtrs
Other (expense) income, net	`OtherNonoperatingIncomeExpense`	$816.00K	USD	1 Quarter
Other (expense) income, net	`OtherNonoperatingIncomeExpense`	$-3.49M	USD	2 Qtrs
Other (expense) income, net	`OtherNonoperatingIncomeExpense`	$-1.13M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$276.89M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$150.01M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$331.44M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$170.59M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$52.59M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$21.19M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$32.76M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$50.97M	USD	2 Qtrs
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	-	USD	2 Qtrs
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	$-7.63M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$225.92M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$128.82M	USD	1 Quarter
Net income	`NetIncomeLoss`	$137.84M	USD	1 Quarter
Net income	`NetIncomeLoss`	$271.22M	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.85	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.69	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.47	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.86	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.46	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.67	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.85	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.84	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	152.06M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	160.04M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	153.85M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	160.27M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	153.45M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	161.71M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	162.67M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	154.79M	shares	2 Qtrs

Cash Flow Statement 95 line items

Line Item	Tag	Value	Unit	Period
Proceeds from income tax refunds	`ProceedsFromIncomeTaxRefunds`	$2.06M	USD	2 Qtrs
Proceeds from income tax refunds	`ProceedsFromIncomeTaxRefunds`	$691.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$225.92M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$128.82M	USD	1 Quarter
Net income	`NetIncomeLoss`	$137.84M	USD	1 Quarter
Net income	`NetIncomeLoss`	$271.22M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$293.20M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$274.58M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$149.33M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$108.11M	USD	2 Qtrs
Provision (benefit) for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-75.98M	USD	2 Qtrs
Provision (benefit) for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$409.00K	USD	2 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$2.21M	USD	2 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$2.20M	USD	2 Qtrs
(Gain) loss on investments	`GainLossOnInvestments`	$201.00K	USD	2 Qtrs
(Gain) loss on investments	`GainLossOnInvestments`	$-15.89M	USD	2 Qtrs
Other non-cash reconciling items, net	`OtherNoncashIncomeExpense`	$-22.64M	USD	2 Qtrs
Other non-cash reconciling items, net	`OtherNoncashIncomeExpense`	$-38.65M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.95M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$22.78M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$18.10M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$38.13M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-83.78M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-59.98M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$37.05M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$26.18M	USD	2 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-5.90M	USD	2 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$16.14M	USD	2 Qtrs
Other non-current assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-8.37M	USD	2 Qtrs
Other non-current assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$19.61M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$599.81M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$563.88M	USD	2 Qtrs
Cash paid for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$872.10M	USD	2 Qtrs
Cash paid for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$106.33M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$125.22M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$254.00M	USD	2 Qtrs
Capitalization of internal-use software development costs	`PaymentsForSoftware`	$144.53M	USD	2 Qtrs
Capitalization of internal-use software development costs	`PaymentsForSoftware`	$124.31M	USD	2 Qtrs
Purchases of short- and long-term marketable securities	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$134.82M	USD	2 Qtrs
Purchases of short- and long-term marketable securities	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	-	USD	2 Qtrs
Proceeds from sales of short- and long-term marketable securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$573.27M	USD	2 Qtrs
Proceeds from sales of short- and long-term marketable securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$200.57M	USD	2 Qtrs
Proceeds from maturities and redemptions of short- and long-term marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$120.43M	USD	2 Qtrs
Proceeds from maturities and redemptions of short- and long-term marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$91.64M	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$4.21M	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$20.77M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-368.24M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-432.12M	USD	2 Qtrs
Proceeds from borrowings under revolving credit facility	`ProceedsFromRepaymentsOfLinesOfCredit`	$125.00M	USD	2 Qtrs
Proceeds from borrowings under revolving credit facility	`ProceedsFromRepaymentsOfLinesOfCredit`	$90.00M	USD	2 Qtrs
Repayment of borrowings under revolving credit facility	`RepaymentsOfConvertibleDebt`	$70.00M	USD	2 Qtrs
Repayment of borrowings under revolving credit facility	`RepaymentsOfConvertibleDebt`	$50.00M	USD	2 Qtrs
Proceeds related to the issuance of common stock under stock plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$29.14M	USD	2 Qtrs
Proceeds related to the issuance of common stock under stock plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$31.33M	USD	2 Qtrs
Employee taxes paid related to net share settlement of stock-based awards	`EmployeeTaxesPaidRelatedToNetShareSettlementOfEquityAwards`	$63.14M	USD	2 Qtrs
Employee taxes paid related to net share settlement of stock-based awards	`EmployeeTaxesPaidRelatedToNetShareSettlementOfEquityAwards`	$39.61M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$485.96M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$267.64M	USD	2 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-104.00K	USD	2 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-256.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-226.74M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-474.49M	USD	2 Qtrs
Effects of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-15.26M	USD	2 Qtrs
Effects of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-710.00K	USD	2 Qtrs
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-110.25M	USD	2 Qtrs
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-243.63M	USD	2 Qtrs
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$299.39M	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`	$427.51M	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 end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$299.39M	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`	$427.51M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$537.75M	USD	Point-in-time
Cash paid for income taxes, net of refunds received of $691 and $2,061 for the six months ended June 30, 2023 and 2022, respectively	`IncomeTaxesPaidNet`	$100.02M	USD	2 Qtrs
Cash paid for income taxes, net of refunds received of $691 and $2,061 for the six months ended June 30, 2023 and 2022, respectively	`IncomeTaxesPaidNet`	$113.08M	USD	2 Qtrs
Cash paid for interest expense	`InterestPaidNet`	$3.35M	USD	2 Qtrs
Cash paid for interest expense	`InterestPaidNet`	$2.88M	USD	2 Qtrs
Cash paid for operating lease liabilities	`OperatingLeasePayments`	$111.60M	USD	2 Qtrs
Cash paid for operating lease liabilities	`OperatingLeasePayments`	$113.70M	USD	2 Qtrs
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$196.34M	USD	2 Qtrs
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$78.19M	USD	2 Qtrs
Purchases of property and equipment and capitalization of internal-use software development costs included in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$104.22M	USD	2 Qtrs
Purchases of property and equipment and capitalization of internal-use software development costs included in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$39.08M	USD	2 Qtrs
Capitalization of stock-based compensation	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$36.51M	USD	2 Qtrs
Capitalization of stock-based compensation	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$16.18M	USD	2 Qtrs
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$426.71M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$542.34M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$298.61M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$796.00K	USD	Point-in-time
Restricted cash	`RestrictedCash`	$779.00K	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$299.39M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$543.02M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$427.51M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$537.75M	USD	Point-in-time

Stockholders Equity 44 line items

Line Item	Tag	Value	Unit	Period
Beginning balance (in shares)	`CommonStockSharesOutstanding`	156.49M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	151.79M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$4.31B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$4.29B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$4.53B	USD	Point-in-time
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
Issuance of common stock upon the exercise of stock options and vesting of restricted and deferred stock units, net of shares withheld for employee taxes	`StockIssuedDuringPeriodValueExerciseOfStockOptionsAndVestingOfRestrictedAndDeferredStockUnits`	$-41.24M	USD	2 Qtrs
Issuance of common stock upon the exercise of stock options and vesting of restricted and deferred stock units, net of shares withheld for employee taxes	`StockIssuedDuringPeriodValueExerciseOfStockOptionsAndVestingOfRestrictedAndDeferredStockUnits`	$-64.53M	USD	2 Qtrs
Issuance of common stock upon the exercise of stock options and vesting of restricted and deferred stock units, net of shares withheld for employee taxes	`StockIssuedDuringPeriodValueExerciseOfStockOptionsAndVestingOfRestrictedAndDeferredStockUnits`	$-9.91M	USD	1 Quarter
Issuance of common stock upon the exercise of stock options and vesting of restricted and deferred stock units, net of shares withheld for employee taxes	`StockIssuedDuringPeriodValueExerciseOfStockOptionsAndVestingOfRestrictedAndDeferredStockUnits`	$-9.89M	USD	1 Quarter
Issuance of common stock under employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$31.27M	USD	2 Qtrs
Issuance of common stock under employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$29.31M	USD	1 Quarter
Issuance of common stock under employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$29.31M	USD	2 Qtrs
Issuance of common stock under employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$31.27M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$124.03M	USD	2 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$105.08M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$60.26M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$183.07M	USD	2 Qtrs
Repurchases of common stock	`TreasuryStockValueAcquiredCostMethod`	$490.40M	USD	2 Qtrs
Repurchases of common stock	`TreasuryStockValueAcquiredCostMethod`	$267.64M	USD	2 Qtrs
Repurchases of common stock	`TreasuryStockValueAcquiredCostMethod`	$138.63M	USD	1 Quarter
Repurchases of common stock	`TreasuryStockValueAcquiredCostMethod`	$164.79M	USD	1 Quarter
Net income	`NetIncomeLoss`	$225.92M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$128.82M	USD	1 Quarter
Net income	`NetIncomeLoss`	$137.84M	USD	1 Quarter
Net income	`NetIncomeLoss`	$271.22M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-47.24M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.08M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-49.28M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$10.65M	USD	2 Qtrs
Change in unrealized gain (loss) on available-for-sale investments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-5.19M	USD	1 Quarter
Change in unrealized gain (loss) on available-for-sale investments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$9.72M	USD	2 Qtrs
Change in unrealized gain (loss) on available-for-sale investments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-26.73M	USD	2 Qtrs
Change in unrealized gain (loss) on available-for-sale investments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$2.27M	USD	1 Quarter
Ending balance (in shares)	`CommonStockSharesOutstanding`	156.49M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	151.79M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$4.31B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$4.29B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$4.53B	USD	Point-in-time
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

Comprehensive Income 24 line items

Line Item	Tag	Value	Unit	Period
Income tax (provision) benefit	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-5.51M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$225.92M	USD	2 Qtrs
Income tax (provision) benefit	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$3.13M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$128.82M	USD	1 Quarter
Income tax (provision) benefit	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-567.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$137.84M	USD	1 Quarter
Income tax (provision) benefit	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$732.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$271.22M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-1.08M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-47.24M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-49.28M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$10.65M	USD	2 Qtrs
Change in unrealized gain (loss) on available-for-sale investments, net of income tax (provision) benefit of $(732), $567, $(3,131) and $5,515 for the three and six months ended June 30, 2023 and 2022, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-5.19M	USD	1 Quarter
Change in unrealized gain (loss) on available-for-sale investments, net of income tax (provision) benefit of $(732), $567, $(3,131) and $5,515 for the three and six months ended June 30, 2023 and 2022, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$9.72M	USD	2 Qtrs
Change in unrealized gain (loss) on available-for-sale investments, net of income tax (provision) benefit of $(732), $567, $(3,131) and $5,515 for the three and six months ended June 30, 2023 and 2022, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-26.73M	USD	2 Qtrs
Change in unrealized gain (loss) on available-for-sale investments, net of income tax (provision) benefit of $(732), $567, $(3,131) and $5,515 for the three and six months ended June 30, 2023 and 2022, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$2.27M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.20M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-54.47M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-73.97M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$20.37M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$83.37M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$130.01M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$246.29M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$197.24M	USD	2 Qtrs

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