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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
REVENUE:        
Total revenue $ 615.5 $ 521.7 $ 1,192.4 $ 994.3
COST OF REVENUE:        
Total cost of revenue 135.1 128.3 263.8 241.3
GROSS PROFIT:        
Total gross profit 480.4 393.4 928.6 753.0
OPERATING EXPENSES:        
Research and development 82.1 67.4 162.4 136.0
Sales and marketing 253.8 226.5 513.8 442.4
General and administrative 28.9 24.3 57.7 48.8
Gain on intellectual property matter (1.1) 0.0 (37.9) 0.0
Total operating expenses 363.7 318.2 696.0 627.2
OPERATING INCOME 116.7 75.2 232.6 125.8
INTEREST INCOME—NET 4.0 11.0 13.2 21.2
OTHER INCOME (EXPENSE)—NET 0.9 (0.4) (7.1) (0.9)
INCOME BEFORE INCOME TAXES 121.6 85.8 238.7 146.1
PROVISION FOR INCOME TAXES 9.5 13.1 22.6 14.6
NET INCOME $ 112.1 $ 72.7 $ 216.1 $ 131.5
Net income per share (Note 8):        
Basic (in dollars per share) $ 0.69 $ 0.42 $ 1.30 $ 0.77
Diluted (in dollars per share) $ 0.68 $ 0.42 $ 1.27 $ 0.75
Weighted-average shares outstanding:        
Basic (in shares) 161.6 171.1 166.1 170.6
Diluted (in shares) 165.4 175.1 169.8 175.0
Product [Member]        
REVENUE:        
Total revenue $ 211.9 $ 189.9 $ 404.2 $ 352.6
COST OF REVENUE:        
Total cost of revenue 84.4 82.7 160.7 152.9
GROSS PROFIT:        
Total gross profit 127.5 107.2 243.5 199.7
Service [Member]        
REVENUE:        
Total revenue 403.6 331.8 788.2 641.7
COST OF REVENUE:        
Total cost of revenue 50.7 45.6 103.1 88.4
GROSS PROFIT:        
Total gross profit $ 352.9 $ 286.2 $ 685.1 $ 553.3