10-Q Filing

CORPAY, INC. CIK: 1175454 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001628280-23-017203`
Period End Date	20230331
Filing Date	20230510
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	flt-20230331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 37 Cash Flow Statement 75 Stockholders Equity 20 Comprehensive Income 12

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Allowance for credit losses	`AllowanceForDoubtfulAccountsReceivableCurrent`	$118.91M	USD	Point-in-time
Allowance for credit losses	`AllowanceForDoubtfulAccountsReceivableCurrent`	$98.72M	USD	Point-in-time
Allowance for credit losses	`AllowanceForDoubtfulAccountsReceivableCurrent`	$149.85M	USD	Point-in-time
Allowance for credit losses	`AllowanceForDoubtfulAccountsReceivableCurrent`	$160.59M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.27B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.44B	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	475.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	475.00M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$854.02M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$996.95M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	127.80M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	128.31M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	73.82M	shares	Point-in-time
Accounts and other receivables (less allowance for credit losses of $160,588 at March 31, 2023 and $149,846 at December 31, 2022)	`AccountsReceivableNetCurrent`	$2.37B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	73.36M	shares	Point-in-time
Accounts and other receivables (less allowance for credit losses of $160,588 at March 31, 2023 and $149,846 at December 31, 2022)	`AccountsReceivableNetCurrent`	$2.06B	USD	Point-in-time
Securitized accounts receivablerestricted for securitization investors	`AccountsReceivableFromSecuritization`	$1.28B	USD	Point-in-time
Securitized accounts receivablerestricted for securitization investors	`AccountsReceivableFromSecuritization`	$1.29B	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockCommonShares`	54.45M	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockCommonShares`	54.49M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$436.34M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$465.23M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.11B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.36B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$310.39M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$294.69M	USD	Point-in-time
Goodwill	`Goodwill`	$5.38B	USD	Point-in-time
Goodwill	`Goodwill`	$5.20B	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$2.13B	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$2.20B	USD	Point-in-time
Investments	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$74.28M	USD	Point-in-time
Investments	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$67.59M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$273.34M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$281.73M	USD	Point-in-time
Total assets	`Assets`	$14.59B	USD	Point-in-time
Total assets	`Assets`	$14.09B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.57B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.91B	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$404.94M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$351.94M	USD	Point-in-time
Customer deposits	`ContractWithCustomerLiabilityCustomerDepositsCurrent`	$1.48B	USD	Point-in-time
Customer deposits	`ContractWithCustomerLiabilityCustomerDepositsCurrent`	$1.51B	USD	Point-in-time
Securitization facility	`SecuredDebtCurrent`	$1.28B	USD	Point-in-time
Securitization facility	`SecuredDebtCurrent`	$1.29B	USD	Point-in-time
Current portion of notes payable and lines of credit	`NotesAndLoansPayableCurrent`	$813.07M	USD	Point-in-time
Current portion of notes payable and lines of credit	`NotesAndLoansPayableCurrent`	$1.03B	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$303.52M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$312.69M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.04B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.20B	USD	Point-in-time
Notes payable and other obligations, less current portion	`LongTermNotesAndLoans`	$4.70B	USD	Point-in-time
Notes payable and other obligations, less current portion	`LongTermNotesAndLoans`	$4.72B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$544.68M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$527.47M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$254.01M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$257.29M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$5.50B	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$5.50B	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.001 par value; 475,000,000 shares authorized; 128,312,636 shares issued and 73,819,827 shares outstanding at March 31, 2023; and 127,802,590 shares issued and 73,356,709 shares outstanding at December 31, 2022	`CommonStockValue`	$128.00K	USD	Point-in-time
Common stock, $0.001 par value; 475,000,000 shares authorized; 128,312,636 shares issued and 73,819,827 shares outstanding at March 31, 2023; and 127,802,590 shares issued and 73,356,709 shares outstanding at December 31, 2022	`CommonStockValue`	$128.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$3.05B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$3.11B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$7.21B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$7.43B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.43B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.51B	USD	Point-in-time
Less treasury stock, 54,492,809 shares at March 31, 2023 and 54,445,881 shares at December 31, 2022	`TreasuryStockCommonValue`	$6.21B	USD	Point-in-time
Less treasury stock, 54,492,809 shares at March 31, 2023 and 54,445,881 shares at December 31, 2022	`TreasuryStockCommonValue`	$6.22B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.87B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.88B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.90B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.54B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$14.09B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$14.59B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	127.80M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	128.31M	shares	Point-in-time

Income Statement 37 line items

Line Item	Tag	Value	Unit	Period
Revenues, net	`Revenues`	$789.24M	USD	1 Quarter
Revenues, net	`Revenues`	$901.33M	USD	1 Quarter
Processing	`ProcessingExpenses`	$204.97M	USD	1 Quarter
Processing	`ProcessingExpenses`	$174.19M	USD	1 Quarter
Selling	`SellingExpense`	$81.59M	USD	1 Quarter
Selling	`SellingExpense`	$76.89M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$154.68M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$143.52M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$76.80M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$84.23M	USD	1 Quarter
Other operating, net	`OtherOperatingIncomeExpenseNet`	$-113.00K	USD	1 Quarter
Other operating, net	`OtherOperatingIncomeExpenseNet`	$-663.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$375.19M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$317.72M	USD	1 Quarter
Investment (gain) loss	`IncomeLossFromEquityMethodInvestments`	$190.00K	USD	1 Quarter
Investment (gain) loss	`IncomeLossFromEquityMethodInvestments`	$-152.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-869.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-746.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-22.03M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-79.80M	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-80.35M	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-23.05M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$294.67M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$294.84M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$80.01M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$76.72M	USD	1 Quarter
Net income	`NetIncomeLoss`	$214.84M	USD	1 Quarter
Net income	`NetIncomeLoss`	$217.95M	USD	1 Quarter
Net income	`NetIncomeLoss`	$217.95M	USD	1 Quarter
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$2.92	USD	1 Quarter
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$2.80	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$2.75	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$2.88	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	73.52M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	77.74M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	74.48M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	79.29M	shares	1 Quarter

Cash Flow Statement 75 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$214.84M	USD	1 Quarter
Net income	`NetIncomeLoss`	$217.95M	USD	1 Quarter
Net income	`NetIncomeLoss`	$217.95M	USD	1 Quarter
Depreciation	`Depreciation`	$21.14M	USD	1 Quarter
Depreciation	`Depreciation`	$25.98M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$32.63M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$26.10M	USD	1 Quarter
Provision for credit losses on accounts and other receivables	`ProvisionForDoubtfulAccounts`	$25.48M	USD	1 Quarter
Provision for credit losses on accounts and other receivables	`ProvisionForDoubtfulAccounts`	$39.27M	USD	1 Quarter
Amortization of deferred financing costs and discounts	`AmortizationOfFinancingCostsAndDiscounts`	$1.97M	USD	1 Quarter
Amortization of deferred financing costs and discounts	`AmortizationOfFinancingCostsAndDiscounts`	$1.79M	USD	1 Quarter
Amortization of intangible assets and premium on receivables	`AmortizationOfIntangibleAssetsAndInvestmentIncomeAmortizationOfPremium`	$55.66M	USD	1 Quarter
Amortization of intangible assets and premium on receivables	`AmortizationOfIntangibleAssetsAndInvestmentIncomeAmortizationOfPremium`	$58.25M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-499.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$1.90M	USD	1 Quarter
Investment (gain) loss	`IncomeLossFromEquityMethodInvestments`	$190.00K	USD	1 Quarter
Investment (gain) loss	`IncomeLossFromEquityMethodInvestments`	$-152.00K	USD	1 Quarter
Other non-cash operating expense, net	`OtherNoncashOperatingIncomeLoss`	$-113.00K	USD	1 Quarter
Other non-cash operating expense, net	`OtherNoncashOperatingIncomeLoss`	$-663.00K	USD	1 Quarter
Accounts and other receivables	`IncreaseDecreaseInAccountsReceivable`	$-370.96M	USD	1 Quarter
Accounts and other receivables	`IncreaseDecreaseInAccountsReceivable`	$818.97M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-40.10M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-20.92M	USD	1 Quarter
Derivative assets and liabilities, net	`IncreaseDecreaseInDerivativeAssetsAndLiabilities`	$28.22M	USD	1 Quarter
Derivative assets and liabilities, net	`IncreaseDecreaseInDerivativeAssetsAndLiabilities`	$-6.68M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-25.14M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.15M	USD	1 Quarter
Accounts payable, accrued expenses and customer deposits	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$323.27M	USD	1 Quarter
Accounts payable, accrued expenses and customer deposits	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-446.51M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-112.25M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$327.67M	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$35.86M	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$126.69M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$31.39M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$36.74M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-4.40M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-159.03M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-67.25M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$8.81M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$33.40M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$422.74M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$9.60M	USD	1 Quarter
Borrowings on securitization facility, net	`ProceedsFromRepaymentsOfSecuredDebt`	$-3.00M	USD	1 Quarter
Borrowings on securitization facility, net	`ProceedsFromRepaymentsOfSecuredDebt`	$318.00M	USD	1 Quarter
Deferred financing costs	`PaymentsOfFinancingCosts`	-	USD	1 Quarter
Deferred financing costs	`PaymentsOfFinancingCosts`	$337.00K	USD	1 Quarter
Principal payments on notes payable	`RepaymentsOfNotesPayable`	$23.50M	USD	1 Quarter
Principal payments on notes payable	`RepaymentsOfNotesPayable`	$45.06M	USD	1 Quarter
Borrowings from revolver	`ProceedsFromShortTermDebtMaturingInMoreThanThreeMonths`	$490.00M	USD	1 Quarter
Borrowings from revolver	`ProceedsFromShortTermDebtMaturingInMoreThanThreeMonths`	$1.96B	USD	1 Quarter
Payments on revolver	`RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths`	$2.49B	USD	1 Quarter
Payments on revolver	`RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths`	$400.00M	USD	1 Quarter
Borrowings on swing line of credit, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$310.72M	USD	1 Quarter
Borrowings on swing line of credit, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$1.50M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$264.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-217.72M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-49.82M	USD	1 Quarter
Effect of foreign currency exchange rates on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$29.30M	USD	1 Quarter
Effect of foreign currency exchange rates on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$68.07M	USD	1 Quarter
Net decrease in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-19.78M	USD	1 Quarter
Net decrease in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-161.26M	USD	1 Quarter
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.29B	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.25B	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.27B	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.09B	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.29B	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.25B	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.27B	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.09B	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$33.97M	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$104.65M	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	$35.44M	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	$72.30M	USD	1 Quarter

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Stockholders' Equity beginning balance	`StockholdersEquity`	$2.87B	USD	Point-in-time
Stockholders' Equity beginning balance	`StockholdersEquity`	$2.88B	USD	Point-in-time
Stockholders' Equity beginning balance	`StockholdersEquity`	$2.90B	USD	Point-in-time
Stockholders' Equity beginning balance	`StockholdersEquity`	$2.54B	USD	Point-in-time
Net income	`NetIncomeLoss`	$214.84M	USD	1 Quarter
Net income	`NetIncomeLoss`	$217.95M	USD	1 Quarter
Net income	`NetIncomeLoss`	$217.95M	USD	1 Quarter
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$201.18M	USD	1 Quarter
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$201.18M	USD	1 Quarter
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$75.63M	USD	1 Quarter
Acquisition of common stock	`TreasuryStockValueAcquiredCostMethod`	$422.74M	USD	1 Quarter
Acquisition of common stock	`TreasuryStockValueAcquiredCostMethod`	$9.60M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$32.63M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$26.10M	USD	1 Quarter
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$8.81M	USD	1 Quarter
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$33.40M	USD	1 Quarter
Stockholders' Equity ending balance	`StockholdersEquity`	$2.87B	USD	Point-in-time
Stockholders' Equity ending balance	`StockholdersEquity`	$2.88B	USD	Point-in-time
Stockholders' Equity ending balance	`StockholdersEquity`	$2.90B	USD	Point-in-time
Stockholders' Equity ending balance	`StockholdersEquity`	$2.54B	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$214.84M	USD	1 Quarter
Net income	`NetIncomeLoss`	$217.95M	USD	1 Quarter
Net income	`NetIncomeLoss`	$217.95M	USD	1 Quarter
Foreign currency translation gains, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$182.95M	USD	1 Quarter
Foreign currency translation gains, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$81.11M	USD	1 Quarter
Net change in derivative contracts, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-5.47M	USD	1 Quarter
Net change in derivative contracts, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$18.23M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$201.18M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$201.18M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$75.63M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$290.47M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$419.13M	USD	1 Quarter

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