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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Net revenues:      
Total net revenues $ 5,073.6 $ 5,564.5 $ 5,301.2
Cost of revenues:      
Total cost of revenues 2,092.1 2,362.6 2,342.9
Gross margin 2,981.5 3,201.9 2,958.3
Operating expenses:      
Research and development 1,150.5 1,144.4 1,036.1
Sales and marketing 1,221.4 1,233.9 1,133.4
General and administrative [1] 245.8 253.9 249.5
Restructuring charges 10.1 98.0 20.2
Merger-related charges [1],[2] 61.9 1.6 0.0
Total operating expenses 2,689.7 2,731.8 2,439.2
Operating income 291.8 470.1 519.1
Gain (loss) on privately-held investments, net 0.7 (97.3) 20.4
Gain on divestiture 0.0 0.0 45.8
Other income (expense), net 5.5 (23.8) (49.0)
Income before income taxes and loss from equity method investment 298.0 349.0 536.3
Income tax provision 0.5 29.2 60.5
Loss from equity method investment, net of tax 9.6 9.6 4.8
Net income $ 287.9 $ 310.2 $ 471.0
Net income per share:      
Net income per share, basic (in dollars per share) $ 0.88 $ 0.97 $ 1.46
Net income per share, diluted (in dollars per share) $ 0.86 $ 0.95 $ 1.43
Shares used in computing net income per share:      
Shares used in computing net income per share, basic (in shares) 327.2 320.0 322.1
Shares used in computing net income per share, diluted (in shares) 334.6 325.9 329.5
Product      
Net revenues:      
Total net revenues $ 3,020.0 $ 3,632.5 $ 3,539.9
Cost of revenues:      
Total cost of revenues 1,509.5 1,781.6 1,761.7
Service      
Net revenues:      
Total net revenues 2,053.6 1,932.0 1,761.3
Cost of revenues:      
Total cost of revenues $ 582.6 $ 581.0 $ 581.2
[1] The prior period amounts have been reclassified to conform to the current period presentation.
[2] Represents charges incurred directly in connection with the pending merger with HPE. See Note 1, Description of Business, Basis of Presentation and Significant Accounting Policies, for further information.