10-Q Filing

FORTINET, INC. CIK: 1262039 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001262039-21-000022`
Period End Date	20210630
Filing Date	20210802
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	ftnt-20210630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 76 Cash Flow Statement 88 Stockholders Equity 32 Comprehensive Income 20

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Common Stock, par value (dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, par value (dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.88B	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	163.30M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	162.50M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.06B	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$775.50M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	163.30M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	162.50M	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.23B	USD	Point-in-time
Accounts receivablenet	`AccountsReceivableNetCurrent`	$584.60M	USD	Point-in-time
Accounts receivablenet	`AccountsReceivableNetCurrent`	$720.00M	USD	Point-in-time
Inventory	`InventoryNet`	$149.80M	USD	Point-in-time
Inventory	`InventoryNet`	$139.80M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$43.30M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$60.60M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.91B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.74B	USD	Point-in-time
LONG-TERM INVESTMENTS	`LongTermInvestments`	$246.60M	USD	Point-in-time
LONG-TERM INVESTMENTS	`LongTermInvestments`	$118.30M	USD	Point-in-time
PROPERTY AND EQUIPMENTNET	`PropertyPlantAndEquipmentNet`	$448.00M	USD	Point-in-time
PROPERTY AND EQUIPMENTNET	`PropertyPlantAndEquipmentNet`	$506.50M	USD	Point-in-time
DEFERRED CONTRACT COSTS	`CapitalizedContractCostNet`	$304.80M	USD	Point-in-time
DEFERRED CONTRACT COSTS	`CapitalizedContractCostNet`	$347.80M	USD	Point-in-time
DEFERRED TAX ASSETS	`DeferredIncomeTaxAssetsNet`	$271.20M	USD	Point-in-time
DEFERRED TAX ASSETS	`DeferredIncomeTaxAssetsNet`	$245.20M	USD	Point-in-time
GOODWILL	`Goodwill`	$93.00M	USD	Point-in-time
GOODWILL	`Goodwill`	$99.20M	USD	Point-in-time
OTHER INTANGIBLE ASSETSNET	`IntangibleAssetsNetExcludingGoodwill`	$28.70M	USD	Point-in-time
OTHER INTANGIBLE ASSETSNET	`IntangibleAssetsNetExcludingGoodwill`	$31.60M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$63.20M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$150.70M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$5.56B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$4.04B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$132.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$141.60M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$168.80M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$149.20M	USD	Point-in-time
Accrued payroll and compensation	`EmployeeRelatedLiabilitiesCurrent`	$164.70M	USD	Point-in-time
Accrued payroll and compensation	`EmployeeRelatedLiabilitiesCurrent`	$145.90M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$1.53B	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$1.39B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.83B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.00B	USD	Point-in-time
DEFERRED REVENUE	`ContractWithCustomerLiabilityNoncurrent`	$1.21B	USD	Point-in-time
DEFERRED REVENUE	`ContractWithCustomerLiabilityNoncurrent`	$1.37B	USD	Point-in-time
INCOME TAX LIABILITIES	`AccruedIncomeTaxesNoncurrent`	$90.30M	USD	Point-in-time
INCOME TAX LIABILITIES	`AccruedIncomeTaxesNoncurrent`	$95.20M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtNoncurrent`	-	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtNoncurrent`	$987.50M	USD	Point-in-time
OTHER LIABILITIES	`OtherLiabilitiesNoncurrent`	$56.20M	USD	Point-in-time
OTHER LIABILITIES	`OtherLiabilitiesNoncurrent`	$55.10M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.51B	USD	Point-in-time
Total liabilities	`Liabilities`	$3.19B	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.001 par value300.0 shares authorized; 163.3 and 162.5 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively	`CommonStockValue`	$200.00K	USD	Point-in-time
Common stock, $0.001 par value300.0 shares authorized; 163.3 and 162.5 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively	`CommonStockValue`	$200.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.21B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.25B	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-100.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$700.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-195.70M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-352.10M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$980.80M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$557.40M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$856.00M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.05B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.34B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$566.70M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$5.56B	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$4.04B	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.20B	USD	2 Qtrs
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$801.10M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$617.60M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.51B	USD	2 Qtrs
Total cost of revenue	`CostOfGoodsAndServicesSold`	$343.50M	USD	2 Qtrs
Total cost of revenue	`CostOfGoodsAndServicesSold`	$263.80M	USD	2 Qtrs
Total cost of revenue	`CostOfGoodsAndServicesSold`	$135.10M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$186.90M	USD	1 Quarter
Total gross profit	`GrossProfit`	$614.20M	USD	1 Quarter
Total gross profit	`GrossProfit`	$1.17B	USD	2 Qtrs
Total gross profit	`GrossProfit`	$482.50M	USD	1 Quarter
Total gross profit	`GrossProfit`	$931.50M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$82.10M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$203.80M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$106.60M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$162.40M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$630.90M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$513.80M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$326.90M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$253.80M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$34.40M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$28.90M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$57.70M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$66.40M	USD	2 Qtrs
Gain on intellectual property matter	`GainLossFromMutualCovenantNotToSueAgreementRightToUseExistingIntellectualProperty`	$1.10M	USD	1 Quarter
Gain on intellectual property matter	`GainLossFromMutualCovenantNotToSueAgreementRightToUseExistingIntellectualProperty`	$37.90M	USD	2 Qtrs
Gain on intellectual property matter	`GainLossFromMutualCovenantNotToSueAgreementRightToUseExistingIntellectualProperty`	$1.20M	USD	1 Quarter
Gain on intellectual property matter	`GainLossFromMutualCovenantNotToSueAgreementRightToUseExistingIntellectualProperty`	$2.30M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$696.00M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$466.70M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$363.70M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$898.80M	USD	2 Qtrs
OPERATING INCOME	`OperatingIncomeLoss`	$269.10M	USD	2 Qtrs
OPERATING INCOME	`OperatingIncomeLoss`	$235.50M	USD	2 Qtrs
OPERATING INCOME	`OperatingIncomeLoss`	$118.80M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$147.50M	USD	1 Quarter
INTEREST INCOME	`InvestmentIncomeNet`	$2.30M	USD	2 Qtrs
INTEREST INCOME	`InvestmentIncomeNet`	$4.00M	USD	1 Quarter
INTEREST INCOME	`InvestmentIncomeNet`	$1.20M	USD	1 Quarter
INTEREST INCOME	`InvestmentIncomeNet`	$13.20M	USD	2 Qtrs
INTEREST EXPENSE	`InterestExpense`	-	USD	2 Qtrs
INTEREST EXPENSE	`InterestExpense`	$5.80M	USD	2 Qtrs
INTEREST EXPENSE	`InterestExpense`	-	USD	1 Quarter
INTEREST EXPENSE	`InterestExpense`	$4.50M	USD	1 Quarter
OTHER INCOME (EXPENSE)NET	`OtherNonoperatingIncomeExpense`	$-7.10M	USD	2 Qtrs
OTHER INCOME (EXPENSE)NET	`OtherNonoperatingIncomeExpense`	$900.00K	USD	1 Quarter
OTHER INCOME (EXPENSE)NET	`OtherNonoperatingIncomeExpense`	$-1.20M	USD	2 Qtrs
OTHER INCOME (EXPENSE)NET	`OtherNonoperatingIncomeExpense`	$800.00K	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$264.40M	USD	2 Qtrs
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$123.70M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$241.60M	USD	2 Qtrs
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$145.00M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$19.70M	USD	2 Qtrs
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$23.20M	USD	2 Qtrs
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$9.90M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$7.50M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$218.40M	USD	2 Qtrs
NET INCOME	`NetIncomeLoss`	$113.80M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$244.70M	USD	2 Qtrs
NET INCOME	`NetIncomeLoss`	$137.50M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.50	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.70	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.84	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.31	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.69	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.47	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.82	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.29	USD	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	163.20M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	161.60M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	163.30M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	166.10M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	166.70M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	167.10M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	165.40M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	169.80M	shares	2 Qtrs

Cash Flow Statement 88 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$218.40M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$113.80M	USD	1 Quarter
Net income	`NetIncomeLoss`	$244.70M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$137.50M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$102.10M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$93.70M	USD	2 Qtrs
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$81.80M	USD	2 Qtrs
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$64.50M	USD	2 Qtrs
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$42.10M	USD	1 Quarter
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$33.20M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$35.40M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$36.20M	USD	2 Qtrs
Amortization of investment premiums (discounts)	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-2.90M	USD	2 Qtrs
Amortization of investment premiums (discounts)	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$400.00K	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-300.00K	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-5.50M	USD	2 Qtrs
Accounts receivablenet	`IncreaseDecreaseInAccountsReceivable`	$-44.50M	USD	2 Qtrs
Accounts receivablenet	`IncreaseDecreaseInAccountsReceivable`	$-135.60M	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$17.90M	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$20.10M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$16.40M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$15.20M	USD	2 Qtrs
Deferred contract costs	`IncreaseDecreaseInDeferredCharges`	$91.10M	USD	2 Qtrs
Deferred contract costs	`IncreaseDecreaseInDeferredCharges`	$124.80M	USD	2 Qtrs
Deferred tax assets	`IncreaseDecreaseInDeferredIncomeTaxes`	$-13.60M	USD	2 Qtrs
Deferred tax assets	`IncreaseDecreaseInDeferredIncomeTaxes`	$25.80M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$11.80M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-700.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$9.70M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-9.50M	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$6.50M	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$21.30M	USD	2 Qtrs
Accrued payroll and compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$18.70M	USD	2 Qtrs
Accrued payroll and compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$8.90M	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-1.20M	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$5.60M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$300.10M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$184.00M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$566.40M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$734.10M	USD	2 Qtrs
Purchases of investments	`PaymentsToAcquireInvestments`	$399.30M	USD	2 Qtrs
Purchases of investments	`PaymentsToAcquireInvestments`	$1.26B	USD	2 Qtrs
Sales of investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$71.40M	USD	2 Qtrs
Sales of investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$130.00M	USD	2 Qtrs
Maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$548.10M	USD	2 Qtrs
Maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$600.30M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$75.60M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$58.50M	USD	2 Qtrs
Purchase of investment in privately held company	`PaymentsToAcquireEquityMethodInvestments`	$75.00M	USD	2 Qtrs
Purchase of investment in privately held company	`PaymentsToAcquireEquityMethodInvestments`	-	USD	2 Qtrs
Payments made in connection with business combination, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$3.10M	USD	2 Qtrs
Payments made in connection with business combination, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$10.30M	USD	2 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	2 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$400.00K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-751.70M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$216.80M	USD	2 Qtrs
Proceeds from long-term borrowings, net of discount and underwriting fees	`ProceedsFromIssuanceOfLongTermDebt`	$989.40M	USD	2 Qtrs
Proceeds from long-term borrowings, net of discount and underwriting fees	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	2 Qtrs
Payments for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$2.40M	USD	2 Qtrs
Payments for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	2 Qtrs
Repurchase and retirement of common stock	`PaymentsForRepurchaseOfCommonStock`	$91.60M	USD	2 Qtrs
Repurchase and retirement of common stock	`PaymentsForRepurchaseOfCommonStock`	$1.05B	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$15.70M	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$15.80M	USD	2 Qtrs
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$58.90M	USD	2 Qtrs
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$76.00M	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-100.00K	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-100.00K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$835.10M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.09B	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$817.50M	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-306.10M	USD	2 Qtrs
CASH AND CASH EQUIVALENTSBeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.88B	USD	Point-in-time
CASH AND CASH EQUIVALENTSBeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.22B	USD	Point-in-time
CASH AND CASH EQUIVALENTSBeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.06B	USD	Point-in-time
CASH AND CASH EQUIVALENTSBeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$916.40M	USD	Point-in-time
CASH AND CASH EQUIVALENTSEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.88B	USD	Point-in-time
CASH AND CASH EQUIVALENTSEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.22B	USD	Point-in-time
CASH AND CASH EQUIVALENTSEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.06B	USD	Point-in-time
CASH AND CASH EQUIVALENTSEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$916.40M	USD	Point-in-time
Cash paid for income taxesnet	`IncomeTaxesPaid`	$18.30M	USD	2 Qtrs
Cash paid for income taxesnet	`IncomeTaxesPaid`	$48.30M	USD	2 Qtrs
Operating lease liabilities arising from obtaining right-of-use assets	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$21.10M	USD	2 Qtrs
Operating lease liabilities arising from obtaining right-of-use assets	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$5.90M	USD	2 Qtrs
Transfers of evaluation units from inventory to property and equipment	`TransfersofEvaluationUnitsfromInventorytoPropertyandEquipment`	$10.30M	USD	2 Qtrs
Transfers of evaluation units from inventory to property and equipment	`TransfersofEvaluationUnitsfromInventorytoPropertyandEquipment`	$10.20M	USD	2 Qtrs
Liability for purchase of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$24.90M	USD	2 Qtrs
Liability for purchase of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$33.50M	USD	2 Qtrs

Stockholders Equity 32 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$980.80M	USD	Point-in-time
Balance	`StockholdersEquity`	$557.40M	USD	Point-in-time
Balance	`StockholdersEquity`	$856.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.05B	USD	Point-in-time
Balance	`StockholdersEquity`	$1.34B	USD	Point-in-time
Balance	`StockholdersEquity`	$566.70M	USD	Point-in-time
Issuance of common stock in connection with equity incentive plans - net of tax withholding	`StockIssuedDuringPeriodValueEquityIncentivePlansNetofTaxesWithheld`	$-60.20M	USD	2 Qtrs
Issuance of common stock in connection with equity incentive plans - net of tax withholding	`StockIssuedDuringPeriodValueEquityIncentivePlansNetofTaxesWithheld`	$-12.90M	USD	1 Quarter
Issuance of common stock in connection with equity incentive plans - net of tax withholding	`StockIssuedDuringPeriodValueEquityIncentivePlansNetofTaxesWithheld`	$-43.20M	USD	2 Qtrs
Issuance of common stock in connection with equity incentive plans - net of tax withholding	`StockIssuedDuringPeriodValueEquityIncentivePlansNetofTaxesWithheld`	$-28.70M	USD	1 Quarter
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$1.05B	USD	2 Qtrs
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$91.60M	USD	1 Quarter
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$146.10M	USD	1 Quarter
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$91.60M	USD	2 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$52.60M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$102.10M	USD	2 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$48.90M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$93.70M	USD	2 Qtrs
Net unrealized loss on investments - net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-800.00K	USD	2 Qtrs
Net unrealized loss on investments - net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$1.40M	USD	2 Qtrs
Net unrealized loss on investments - net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-400.00K	USD	1 Quarter
Net unrealized loss on investments - net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$5.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$218.40M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$113.80M	USD	1 Quarter
Net income	`NetIncomeLoss`	$244.70M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$137.50M	USD	1 Quarter
Balance	`StockholdersEquity`	$980.80M	USD	Point-in-time
Balance	`StockholdersEquity`	$557.40M	USD	Point-in-time
Balance	`StockholdersEquity`	$856.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.05B	USD	Point-in-time
Balance	`StockholdersEquity`	$1.34B	USD	Point-in-time
Balance	`StockholdersEquity`	$566.70M	USD	Point-in-time

Comprehensive Income 20 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$218.40M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$113.80M	USD	1 Quarter
Net income	`NetIncomeLoss`	$244.70M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$137.50M	USD	1 Quarter
Change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-400.00K	USD	1 Quarter
Change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$7.30M	USD	1 Quarter
Change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$2.10M	USD	2 Qtrs
Change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-1.00M	USD	2 Qtrs
Less: tax benefit related to change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossTaxPortionAttributableToParent1`	$700.00K	USD	2 Qtrs
Less: tax benefit related to change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossTaxPortionAttributableToParent1`	$1.70M	USD	1 Quarter
Less: tax benefit related to change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossTaxPortionAttributableToParent1`	-	USD	1 Quarter
Less: tax benefit related to change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossTaxPortionAttributableToParent1`	$-200.00K	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-800.00K	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.40M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-400.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$5.60M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$119.40M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$137.10M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$243.90M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$219.80M	USD	2 Qtrs

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