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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Total net revenues $ 1,414.6 $ 1,188.8 $ 3,852.4 $ 3,435.5
Cost of revenues:        
Total cost of revenues 626.8 496.6 1,721.1 1,445.8
Gross margin 787.8 692.2 2,131.3 1,989.7
Operating expenses:        
Research and development 274.0 251.8 766.9 752.3
Sales and marketing 286.8 263.4 834.4 773.9
General and administrative 64.7 55.0 192.1 187.1
Restructuring charges 13.0 1.9 22.3 42.8
Total operating expenses 638.5 572.1 1,815.7 1,756.1
Operating income 149.3 120.1 315.6 233.6
Gain on divestiture 0.0 0.0 45.8 0.0
Loss on extinguishment of debt 0.0 0.0 0.0 (60.6)
Other expense, net (9.1) (8.3) (30.1) (24.2)
Income before income taxes and loss from equity method investment 140.2 111.8 331.3 148.8
Income tax provision 16.6 22.9 38.1 29.0
Loss from equity method investment, net of tax (2.1) 0.0 (2.6) 0.0
Net income $ 121.5 $ 88.9 $ 290.6 $ 119.8
Net income per share:        
Basic (in dollars per share) $ 0.38 $ 0.27 $ 0.90 $ 0.37
Diluted (in dollars per share) $ 0.37 $ 0.27 $ 0.88 $ 0.36
Weighted-average shares used to compute net income per share:        
Basic (in shares) 322.8 324.0 321.8 325.0
Diluted (in shares) 328.9 331.1 329.3 331.4
Product        
Total net revenues $ 967.5 $ 771.9 $ 2,551.6 $ 2,203.5
Cost of revenues:        
Total cost of revenues 478.6 343.4 1,289.0 1,010.3
Service        
Total net revenues 447.1 416.9 1,300.8 1,232.0
Cost of revenues:        
Total cost of revenues $ 148.2 $ 153.2 $ 432.1 $ 435.5