10-Q Filing

ARISTA NETWORKS, INC. CIK: 1596532 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001596532-22-000112`
Period End Date	20220331
Filing Date	20220503
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	anet-20220331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 86 Income Statement 32 Cash Flow Statement 72 Stockholders Equity 22 Comprehensive Income 10

Balance Sheet 86 line items

Line Item	Tag	Value	Unit	Period
Rebates and allowances	`AllowanceForDoubtfulAccountsAndProductSalesReturnReserve`	$5.09M	USD	Point-in-time
Rebates and allowances	`AllowanceForDoubtfulAccountsAndProductSalesReturnReserve`	$3.92M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$620.81M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$635.02M	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$2.79B	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$2.79B	USD	Point-in-time
Accounts receivable, net of rebates and allowances of $3,923 and $5,088, respectively	`AccountsReceivableNetCurrent`	$648.61M	USD	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
Accounts receivable, net of rebates and allowances of $3,923 and $5,088, respectively	`AccountsReceivableNetCurrent`	$516.51M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories	`InventoryNet`	$650.12M	USD	Point-in-time
Inventories	`InventoryNet`	$694.22M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$338.44M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$237.74M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.81B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	307.68M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	308.17M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$5.11B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	307.68M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	308.17M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$87.39M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$78.63M	USD	Point-in-time
Acquisition-related intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$105.24M	USD	Point-in-time
Acquisition-related intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$93.56M	USD	Point-in-time
Goodwill	`Goodwill`	$188.40M	USD	Point-in-time
Goodwill	`Goodwill`	$216.91M	USD	Point-in-time
Investments	`EquitySecuritiesWithoutReadilyDeterminableFairValueAmount`	$20.25M	USD	Point-in-time
Investments	`EquitySecuritiesWithoutReadilyDeterminableFairValueAmount`	$38.62M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$65.18M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$66.67M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$442.30M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$446.35M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$33.44M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$41.82M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$5.73B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$6.11B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$202.64M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$204.68M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$226.64M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$197.06M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$778.44M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$593.58M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$188.83M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$86.97M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.11B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.37B	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesNoncurrent`	$74.50M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesNoncurrent`	$69.92M	USD	Point-in-time
Operating lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$56.53M	USD	Point-in-time
Operating lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$57.47M	USD	Point-in-time
Deferred revenue, non-current	`ContractWithCustomerLiabilityNoncurrent`	$335.73M	USD	Point-in-time
Deferred revenue, non-current	`ContractWithCustomerLiabilityNoncurrent`	$345.31M	USD	Point-in-time
Deferred tax liabilities, non-current	`DeferredIncomeTaxLiabilitiesNet`	$129.07M	USD	Point-in-time
Deferred tax liabilities, non-current	`DeferredIncomeTaxLiabilitiesNet`	$51.05M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$54.75M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$57.67M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$1.76B	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$1.96B	USD	Point-in-time
Commitments and contingencies (Note 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.0001 par value100,000 shares authorized and no shares issued and outstanding as of March 31, 2022 and December 31, 2021	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value100,000 shares authorized and no shares issued and outstanding as of March 31, 2022 and December 31, 2021	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value1,000,000 shares authorized as of March 31, 2022 and December 31, 2021; 308,165 and 307,681 shares issued and outstanding as of March 31, 2022 and December 31, 2021	`CommonStockValue`	$31.00K	USD	Point-in-time
Common stock, $0.0001 par value1,000,000 shares authorized as of March 31, 2022 and December 31, 2021; 308,165 and 307,681 shares issued and outstanding as of March 31, 2022 and December 31, 2021	`CommonStockValue`	$31.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.59B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.53B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.59B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.46B	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-30.50M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-8.30M	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY	`StockholdersEquity`	$3.98B	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY	`StockholdersEquity`	$3.45B	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY	`StockholdersEquity`	$3.32B	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY	`StockholdersEquity`	$4.15B	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$6.11B	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$5.73B	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$667.56M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$877.07M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$242.29M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$323.22M	USD	1 Quarter
Gross profit	`GrossProfit`	$553.85M	USD	1 Quarter
Gross profit	`GrossProfit`	$425.27M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$132.49M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$172.01M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$80.74M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$71.02M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$15.47M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$23.11M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$275.86M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$218.98M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$277.99M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$206.29M	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$31.48M	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$1.57M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$207.87M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$309.47M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$37.21M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$27.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$272.26M	USD	1 Quarter
Net income	`NetIncomeLoss`	$180.37M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.59	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.88	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.57	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.85	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	308.05M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	305.22M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	318.49M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	319.65M	shares	1 Quarter

Cash Flow Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$180.37M	USD	1 Quarter
Net income	`NetIncomeLoss`	$272.26M	USD	1 Quarter
Depreciation, amortization and other	`DepreciationDepletionAndAmortization`	$12.66M	USD	1 Quarter
Depreciation, amortization and other	`DepreciationDepletionAndAmortization`	$13.09M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$50.28M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$37.55M	USD	1 Quarter
Noncash lease expense	`NoncashLeaseExpense`	$4.53M	USD	1 Quarter
Noncash lease expense	`NoncashLeaseExpense`	$4.24M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-81.82M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.43M	USD	1 Quarter
Unrealized gain on equity investments	`UnrealizedGainLossOnInvestments`	-	USD	1 Quarter
Unrealized gain on equity investments	`UnrealizedGainLossOnInvestments`	$28.50M	USD	1 Quarter
Amortization of investment premiums	`InvestmentIncomeNetAmortizationOfDiscountAndPremium`	$-5.45M	USD	1 Quarter
Amortization of investment premiums	`InvestmentIncomeNetAmortizationOfDiscountAndPremium`	$-7.03M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-9.07M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$131.86M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$3.50M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$43.53M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$108.00M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$15.27M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$3.50M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$640.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.83M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.48M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-29.67M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-20.76M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$69.20M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$187.19M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$106.99M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-10.44M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-2.70M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-14.66M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$254.68M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$217.14M	USD	1 Quarter
Proceeds from maturities of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$404.18M	USD	1 Quarter
Proceeds from maturities of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$379.61M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$590.48M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$412.61M	USD	1 Quarter
Business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$-18.00K	USD	1 Quarter
Business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$37.61M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.10M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.88M	USD	1 Quarter
Purchases of investments in privately-held companies	`PaymentsForProceedsFromInvestmentsInPrivatelyHeldCompanies`	$2.00M	USD	1 Quarter
Purchases of investments in privately-held companies	`PaymentsForProceedsFromInvestmentsInPrivatelyHeldCompanies`	$11.69M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-72.61M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-217.95M	USD	1 Quarter
Proceeds from issuance of common stock under equity plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$18.08M	USD	1 Quarter
Proceeds from issuance of common stock under equity plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$19.16M	USD	1 Quarter
Tax withholding paid on behalf of employees for net share settlement	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.50M	USD	1 Quarter
Tax withholding paid on behalf of employees for net share settlement	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$12.74M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$101.36M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$136.23M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-129.81M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-85.77M	USD	1 Quarter
Effect of exchange rate changes	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-838.00K	USD	1 Quarter
Effect of exchange rate changes	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-481.00K	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$14.23M	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-49.88M	USD	1 Quarter
CASH, CASH EQUIVALENTS AND RESTRICTED CASH Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$639.28M	USD	Point-in-time
CASH, CASH EQUIVALENTS AND RESTRICTED CASH Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$625.05M	USD	Point-in-time
CASH, CASH EQUIVALENTS AND RESTRICTED CASH Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$847.57M	USD	Point-in-time
CASH, CASH EQUIVALENTS AND RESTRICTED CASH Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$897.45M	USD	Point-in-time
CASH, CASH EQUIVALENTS AND RESTRICTED CASH End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$639.28M	USD	Point-in-time
CASH, CASH EQUIVALENTS AND RESTRICTED CASH End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$625.05M	USD	Point-in-time
CASH, CASH EQUIVALENTS AND RESTRICTED CASH End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$847.57M	USD	Point-in-time
CASH, CASH EQUIVALENTS AND RESTRICTED CASH End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$897.45M	USD	Point-in-time
Right-of-use assets obtained in exchange for new operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$6.02M	USD	1 Quarter
Right-of-use assets obtained in exchange for new operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	-	USD	1 Quarter
Property and equipment included in accounts payable and accrued liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$2.76M	USD	1 Quarter
Property and equipment included in accounts payable and accrued liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$1.53M	USD	1 Quarter
Stock Issued	`StockIssued1`	$4.05M	USD	1 Quarter
Stock Issued	`StockIssued1`	-	USD	1 Quarter

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$3.98B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$3.45B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$3.32B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$4.15B	USD	Point-in-time
Net income	`NetIncomeLoss`	$180.37M	USD	1 Quarter
Net income	`NetIncomeLoss`	$272.26M	USD	1 Quarter
Other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-22.20M	USD	1 Quarter
Other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.10M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$37.55M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$50.28M	USD	1 Quarter
Issuance of common stock in connection with employee equity incentive plans	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$18.08M	USD	1 Quarter
Issuance of common stock in connection with employee equity incentive plans	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$19.16M	USD	1 Quarter
Tax withholding paid for net share settlement of equity awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$12.74M	USD	1 Quarter
Tax withholding paid for net share settlement of equity awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.50M	USD	1 Quarter
Repurchase of common stock (in shares)	`StockRepurchasedDuringPeriodShares`	1.17M	shares	1 Quarter
Repurchase of common stock	`StockRepurchasedDuringPeriodValue`	$136.23M	USD	1 Quarter
Repurchase of common stock	`StockRepurchasedDuringPeriodValue`	$101.36M	USD	1 Quarter
Common stock issued for business acquisition	`StockIssuedDuringPeriodValueAcquisitions`	$4.05M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$3.98B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$3.45B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$3.32B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$4.15B	USD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$180.37M	USD	1 Quarter
Net income	`NetIncomeLoss`	$272.26M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-541.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-373.00K	USD	1 Quarter
Net change in unrealized gains (losses) on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-21.83M	USD	1 Quarter
Net change in unrealized gains (losses) on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-561.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-22.20M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.10M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$250.06M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$179.26M	USD	1 Quarter

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