10-Q Filing

AKAMAI TECHNOLOGIES INC CIK: 1086222 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001086222-23-000285`
Period End Date	20230930
Filing Date	20231108
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	akam-20230930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 97 Income Statement 80 Cash Flow Statement 105 Stockholders Equity 48 Comprehensive Income 24

Balance Sheet 97 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable reserve	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.40M	USD	Point-in-time
Accounts receivable reserve	`AllowanceForDoubtfulAccountsReceivableCurrent`	$5.92M	USD	Point-in-time
Accounts receivable reserve	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.45M	USD	Point-in-time
Accounts receivable reserve	`AllowanceForDoubtfulAccountsReceivableCurrent`	$6.09M	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
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$542.34M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$459.91M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$457.82M	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
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
Marketable securities	`MarketableSecuritiesCurrent`	$479.36M	USD	Point-in-time
Accounts receivable, net of reserves of $6,087 and $5,917 at September 30, 2023, and December 31, 2022, respectively	`AccountsReceivableNetCurrent`	$713.38M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net of reserves of $6,087 and $5,917 at September 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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$214.74M	USD	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
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
Total current assets	`AssetsCurrent`	$1.87B	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
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	700.00M	shares	Point-in-time
Marketable securities	`MarketableSecuritiesNoncurrent`	$1.21B	USD	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`	$1.79B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	158.26M	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$883.69M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$813.37M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	150.96M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	156.49M	shares	Point-in-time
Acquired intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$465.20M	USD	Point-in-time
Acquired intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$441.72M	USD	Point-in-time
Treasury stock (in shares)	`TreasuryStockCommonShares`	7.31M	shares	Point-in-time
Treasury stock (in shares)	`TreasuryStockCommonShares`	0.00	shares	Point-in-time
Goodwill	`Goodwill`	$2.76B	USD	Point-in-time
Goodwill	`Goodwill`	$2.84B	USD	Point-in-time
Deferred income tax assets	`DeferredIncomeTaxAssetsNet`	$405.25M	USD	Point-in-time
Deferred income tax assets	`DeferredIncomeTaxAssetsNet`	$337.68M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$116.52M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$122.39M	USD	Point-in-time
Total assets	`Assets`	$8.30B	USD	Point-in-time
Total assets	`Assets`	$9.58B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$144.47M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$145.42M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$329.35M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$367.02M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$124.39M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$105.11M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$205.09M	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`	$7.19M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$810.49M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$818.87M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$26.99M	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`	$20.93M	USD	Point-in-time
Convertible senior notes	`ConvertibleLongTermNotesPayable`	$3.54B	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`	$760.65M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$105.31M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$102.47M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.26B	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; 158,262,004 shares issued and 150,955,849 shares outstanding at September 30, 2023, and 156,494,816 shares issued and outstanding at December 31, 2022	`CommonStockValue`	$1.56M	USD	Point-in-time
Common stock, $0.01 par value; 700,000,000 shares authorized; 158,262,004 shares issued and 150,955,849 shares outstanding at September 30, 2023, and 156,494,816 shares issued and outstanding at December 31, 2022	`CommonStockValue`	$1.58M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.58B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.76B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-140.33M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-137.47M	USD	Point-in-time
Treasury stock, at cost, 7,306,155 shares at September 30, 2023, and no shares at December 31, 2022	`TreasuryStockCommonValue`	$603.63M	USD	Point-in-time
Treasury stock, at cost, 7,306,155 shares at September 30, 2023, and no shares at December 31, 2022	`TreasuryStockCommonValue`	-	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.92B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.31B	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`	$4.32B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$4.28B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$4.36B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$9.58B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$8.30B	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$965.48M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$2.82B	USD	3 Qtrs
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$881.90M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$2.69B	USD	3 Qtrs
Cost of revenue (exclusive of amortization of acquired intangible assets shown below)	`CostOfRevenue`	$346.45M	USD	1 Quarter
Cost of revenue (exclusive of amortization of acquired intangible assets shown below)	`CostOfRevenue`	$1.03B	USD	3 Qtrs
Cost of revenue (exclusive of amortization of acquired intangible assets shown below)	`CostOfRevenue`	$383.07M	USD	1 Quarter
Cost of revenue (exclusive of amortization of acquired intangible assets shown below)	`CostOfRevenue`	$1.12B	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$94.05M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$286.05M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$105.94M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$296.85M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$373.32M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$123.94M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$132.31M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$397.97M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$139.43M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$433.91M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$147.33M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$445.28M	USD	3 Qtrs
Amortization of acquired intangible assets	`AmortizationOfIntangibleAssets`	$47.99M	USD	3 Qtrs
Amortization of acquired intangible assets	`AmortizationOfIntangibleAssets`	$18.11M	USD	1 Quarter
Amortization of acquired intangible assets	`AmortizationOfIntangibleAssets`	$49.92M	USD	3 Qtrs
Amortization of acquired intangible assets	`AmortizationOfIntangibleAssets`	$17.37M	USD	1 Quarter
Restructuring charge	`RestructuringAndRelatedCostIncurredCost`	$56.67M	USD	3 Qtrs
Restructuring charge	`RestructuringAndRelatedCostIncurredCost`	$227.00K	USD	1 Quarter
Restructuring charge	`RestructuringAndRelatedCostIncurredCost`	$2.60M	USD	1 Quarter
Restructuring charge	`RestructuringAndRelatedCostIncurredCost`	$12.96M	USD	3 Qtrs
Total costs and operating expenses	`CostsAndExpenses`	$2.18B	USD	3 Qtrs
Total costs and operating expenses	`CostsAndExpenses`	$789.36M	USD	1 Quarter
Total costs and operating expenses	`CostsAndExpenses`	$2.36B	USD	3 Qtrs
Total costs and operating expenses	`CostsAndExpenses`	$721.46M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$176.13M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$508.80M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$452.55M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$160.44M	USD	1 Quarter
Interest and marketable securities income (loss), net	`InterestAndMarketableSecuritiesIncomeLossNet`	$21.21M	USD	3 Qtrs
Interest and marketable securities income (loss), net	`InterestAndMarketableSecuritiesIncomeLossNet`	$-1.76M	USD	3 Qtrs
Interest and marketable securities income (loss), net	`InterestAndMarketableSecuritiesIncomeLossNet`	$11.41M	USD	1 Quarter
Interest and marketable securities income (loss), net	`InterestAndMarketableSecuritiesIncomeLossNet`	$782.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$4.99M	USD	1 Quarter
Interest expense	`InterestExpense`	$8.41M	USD	3 Qtrs
Interest expense	`InterestExpense`	$2.79M	USD	1 Quarter
Interest expense	`InterestExpense`	$10.82M	USD	3 Qtrs
Other expense, net	`OtherNonoperatingIncomeExpense`	$-3.16M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-6.65M	USD	3 Qtrs
Other expense, net	`OtherNonoperatingIncomeExpense`	$-275.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-9.02M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$179.39M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$456.29M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$158.16M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$489.60M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$87.06M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$20.33M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$71.30M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$34.47M	USD	1 Quarter
Gain (loss) from equity method investment	`IncomeLossFromEquityMethodInvestments`	$-7.63M	USD	3 Qtrs
Gain (loss) from equity method investment	`IncomeLossFromEquityMethodInvestments`	$1.48M	USD	3 Qtrs
Gain (loss) from equity method investment	`IncomeLossFromEquityMethodInvestments`	$1.48M	USD	1 Quarter
Gain (loss) from equity method investment	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Net income	`NetIncomeLoss`	$123.69M	USD	1 Quarter
Net income	`NetIncomeLoss`	$394.91M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$386.46M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$160.54M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.78	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$2.47	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.06	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$2.53	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.78	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.04	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.45	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.50	USD	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	158.72M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	151.36M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	159.75M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	153.02M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	159.07M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	161.47M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	154.85M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	154.98M	shares	1 Quarter

Cash Flow Statement 105 line items

Line Item	Tag	Value	Unit	Period
Proceeds from income tax refunds	`ProceedsFromIncomeTaxRefunds`	$7.46M	USD	3 Qtrs
Proceeds from income tax refunds	`ProceedsFromIncomeTaxRefunds`	$8.50M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$123.69M	USD	1 Quarter
Net income	`NetIncomeLoss`	$394.91M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$386.46M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$160.54M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$444.18M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$423.14M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$158.81M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$236.34M	USD	3 Qtrs
Benefit for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-82.60M	USD	3 Qtrs
Benefit for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-9.76M	USD	3 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$3.60M	USD	3 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$3.30M	USD	3 Qtrs
(Gain) loss on investments	`GainLossOnInvestments`	$-15.89M	USD	3 Qtrs
(Gain) loss on investments	`GainLossOnInvestments`	$311.00K	USD	3 Qtrs
Other non-cash reconciling items, net	`OtherNoncashIncomeExpense`	$-25.09M	USD	3 Qtrs
Other non-cash reconciling items, net	`OtherNoncashIncomeExpense`	$-45.20M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-26.85M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$46.26M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$42.87M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$16.10M	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-64.73M	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-60.17M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$24.15M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$23.50M	USD	3 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$2.29M	USD	3 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-3.81M	USD	3 Qtrs
Other non-current assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$29.33M	USD	3 Qtrs
Other non-current assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-34.65M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$933.18M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$959.25M	USD	3 Qtrs
Cash paid for business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$872.09M	USD	3 Qtrs
Cash paid for business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$106.17M	USD	3 Qtrs
Cash paid for asset acquisition	`PaymentsToAcquireAssets`	-	USD	3 Qtrs
Cash paid for asset acquisition	`PaymentsToAcquireAssets`	$36.35M	USD	3 Qtrs
Cash received from equity method investment	`ProceedsFromSaleOfEquityMethodInvestments`	-	USD	3 Qtrs
Cash received from equity method investment	`ProceedsFromSaleOfEquityMethodInvestments`	$1.48M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$176.02M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$387.50M	USD	3 Qtrs
Capitalization of internal-use software development costs	`PaymentsForSoftware`	$171.50M	USD	3 Qtrs
Capitalization of internal-use software development costs	`PaymentsForSoftware`	$208.65M	USD	3 Qtrs
Purchases of short- and long-term marketable securities	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$1.57B	USD	3 Qtrs
Purchases of short- and long-term marketable securities	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	-	USD	3 Qtrs
Proceeds from sales of short- and long-term marketable securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$575.52M	USD	3 Qtrs
Proceeds from sales of short- and long-term marketable securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$200.89M	USD	3 Qtrs
Proceeds from maturities and redemptions of short- and long-term marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$120.43M	USD	3 Qtrs
Proceeds from maturities and redemptions of short- and long-term marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$582.64M	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$4.00M	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$8.91M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.53B	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-527.65M	USD	3 Qtrs
Proceeds from borrowings under revolving credit facility	`ProceedsFromLinesOfCredit`	$125.00M	USD	3 Qtrs
Proceeds from borrowings under revolving credit facility	`ProceedsFromLinesOfCredit`	$90.00M	USD	3 Qtrs
Repayment of borrowings under revolving credit facility	`RepaymentsOfLinesOfCredit`	$125.00M	USD	3 Qtrs
Repayment of borrowings under revolving credit facility	`RepaymentsOfLinesOfCredit`	$90.00M	USD	3 Qtrs
Proceeds from the issuance of convertible senior notes, net of issuance costs	`ProceedsFromConvertibleDebt`	-	USD	3 Qtrs
Proceeds from the issuance of convertible senior notes, net of issuance costs	`ProceedsFromConvertibleDebt`	$1.25B	USD	3 Qtrs
Proceeds from the issuance of warrants related to convertible senior notes	`ProceedsFromIssuanceOfWarrants`	$90.19M	USD	3 Qtrs
Proceeds from the issuance of warrants related to convertible senior notes	`ProceedsFromIssuanceOfWarrants`	-	USD	3 Qtrs
Purchase of note hedge related to convertible senior notes	`PaymentsForHedgeFinancingActivities`	$236.56M	USD	3 Qtrs
Purchase of note hedge related to convertible senior notes	`PaymentsForHedgeFinancingActivities`	-	USD	3 Qtrs
Proceeds related to the issuance of common stock under stock plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$45.99M	USD	3 Qtrs
Proceeds related to the issuance of common stock under stock plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$49.55M	USD	3 Qtrs
Employee taxes paid related to net share settlement of stock-based awards	`EmployeeTaxesPaidRelatedToNetShareSettlementOfEquityAwards`	$50.91M	USD	3 Qtrs
Employee taxes paid related to net share settlement of stock-based awards	`EmployeeTaxesPaidRelatedToNetShareSettlementOfEquityAwards`	$71.66M	USD	3 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$599.15M	USD	3 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$430.27M	USD	3 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-281.00K	USD	3 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-360.00K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$500.16M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-456.22M	USD	3 Qtrs
Effects of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-27.24M	USD	3 Qtrs
Effects of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-7.73M	USD	3 Qtrs
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-77.93M	USD	3 Qtrs
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-80.73M	USD	3 Qtrs
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`	$462.29M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$459.82M	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`	$462.29M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$459.82M	USD	Point-in-time
Cash paid for income taxes, net of refunds received of $7,462 and $8,499 for the nine months ended September 30, 2023 and 2022, respectively	`IncomeTaxesPaidNet`	$132.73M	USD	3 Qtrs
Cash paid for income taxes, net of refunds received of $7,462 and $8,499 for the nine months ended September 30, 2023 and 2022, respectively	`IncomeTaxesPaidNet`	$109.82M	USD	3 Qtrs
Cash paid for interest expense	`InterestPaidNet`	$5.61M	USD	3 Qtrs
Cash paid for interest expense	`InterestPaidNet`	$5.03M	USD	3 Qtrs
Cash paid for operating lease liabilities	`OperatingLeasePayments`	$168.22M	USD	3 Qtrs
Cash paid for operating lease liabilities	`OperatingLeasePayments`	$187.89M	USD	3 Qtrs
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$139.81M	USD	3 Qtrs
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$252.96M	USD	3 Qtrs
Purchases of property and equipment and capitalization of internal-use software development costs included in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$46.02M	USD	3 Qtrs
Purchases of property and equipment and capitalization of internal-use software development costs included in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$56.34M	USD	3 Qtrs
Capitalization of stock-based compensation	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$60.33M	USD	3 Qtrs
Capitalization of stock-based compensation	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$24.50M	USD	3 Qtrs
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$542.34M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$459.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$457.82M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$2.38M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$2.01M	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`	$462.29M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$459.82M	USD	Point-in-time

Stockholders Equity 48 line items

Line Item	Tag	Value	Unit	Period
Purchase of note hedges, net of tax	`ConvertibleDebtDeferredTaxes`	$57.63M	USD	3 Qtrs
Purchase of note hedges, net of tax	`ConvertibleDebtDeferredTaxes`	$57.63M	USD	1 Quarter
Beginning balance (in shares)	`CommonStockSharesOutstanding`	150.96M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	156.49M	shares	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`	$4.32B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$4.28B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$4.36B	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`	$-8.24M	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`	$-72.77M	USD	3 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`	$-52.70M	USD	3 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`	$-11.46M	USD	1 Quarter
Issuance of common stock under employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$31.27M	USD	3 Qtrs
Issuance of common stock under employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$29.31M	USD	3 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$105.42M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$59.01M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$183.04M	USD	3 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$288.49M	USD	3 Qtrs
Issuance of warrants related to convertible senior notes	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$90.19M	USD	1 Quarter
Issuance of warrants related to convertible senior notes	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$90.19M	USD	3 Qtrs
Purchase of note hedge related to convertible senior notes, net of deferred taxes of $57,628	`AdjustmentsToAdditionalPaidInCapitalPurchaseOfNoteHedgeRelatedToConvertibleSeniorNotes`	$178.93M	USD	1 Quarter
Purchase of note hedge related to convertible senior notes, net of deferred taxes of $57,628	`AdjustmentsToAdditionalPaidInCapitalPurchaseOfNoteHedgeRelatedToConvertibleSeniorNotes`	$178.93M	USD	3 Qtrs
Repurchases of common stock	`TreasuryStockValueAcquiredCostMethod`	$113.23M	USD	1 Quarter
Repurchases of common stock	`TreasuryStockValueAcquiredCostMethod`	$430.27M	USD	3 Qtrs
Repurchases of common stock	`TreasuryStockValueAcquiredCostMethod`	$162.63M	USD	1 Quarter
Repurchases of common stock	`TreasuryStockValueAcquiredCostMethod`	$603.63M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$123.69M	USD	1 Quarter
Net income	`NetIncomeLoss`	$394.91M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$386.46M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$160.54M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-39.08M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-86.32M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-20.25M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-9.60M	USD	3 Qtrs
Change in unrealized gain (loss) on available-for-sale investments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$2.74M	USD	1 Quarter
Change in unrealized gain (loss) on available-for-sale investments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-4.51M	USD	1 Quarter
Change in unrealized gain (loss) on available-for-sale investments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-31.25M	USD	3 Qtrs
Change in unrealized gain (loss) on available-for-sale investments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$12.46M	USD	3 Qtrs
Ending balance (in shares)	`CommonStockSharesOutstanding`	150.96M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	156.49M	shares	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`	$4.32B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$4.28B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$4.36B	USD	Point-in-time

Comprehensive Income 24 line items

Line Item	Tag	Value	Unit	Period
Income tax (provision) benefit	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$4.01M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$123.69M	USD	1 Quarter
Net income	`NetIncomeLoss`	$394.91M	USD	3 Qtrs
Income tax (provision) benefit	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-2.60M	USD	1 Quarter
Income tax (provision) benefit	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-8.12M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$386.46M	USD	3 Qtrs
Income tax (provision) benefit	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$883.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$160.54M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-39.08M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-86.32M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-20.25M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-9.60M	USD	3 Qtrs
Change in unrealized gain (loss) on available-for-sale investments, net of income tax (provision) benefit of $(883), $2,605, $(4,014) and $8,120 for the three and nine months ended September 30, 2023 and 2022, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$2.74M	USD	1 Quarter
Change in unrealized gain (loss) on available-for-sale investments, net of income tax (provision) benefit of $(883), $2,605, $(4,014) and $8,120 for the three and nine months ended September 30, 2023 and 2022, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-4.51M	USD	1 Quarter
Change in unrealized gain (loss) on available-for-sale investments, net of income tax (provision) benefit of $(883), $2,605, $(4,014) and $8,120 for the three and nine months ended September 30, 2023 and 2022, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-31.25M	USD	3 Qtrs
Change in unrealized gain (loss) on available-for-sale investments, net of income tax (provision) benefit of $(883), $2,605, $(4,014) and $8,120 for the three and nine months ended September 30, 2023 and 2022, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$12.46M	USD	3 Qtrs
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-43.59M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-17.51M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$2.86M	USD	3 Qtrs
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-117.57M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$389.32M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$80.10M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$143.03M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$277.34M	USD	3 Qtrs

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