XML 14 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
REVENUE:        
Total revenue $ 651.1 $ 548.1 $ 1,846.4 $ 1,544.9
COST OF REVENUE:        
Total cost of revenue 139.2 124.1 403.0 365.4
GROSS PROFIT:        
Total gross profit 511.9 424.0 1,443.4 1,179.5
OPERATING EXPENSES:        
Research and development 90.0 69.9 252.4 205.9
Sales and marketing 266.7 227.4 780.5 669.8
General and administrative 29.4 26.1 87.1 74.9
Gain on intellectual property matter (1.1) 0.0 (39.0) 0.0
Total operating expenses 385.0 323.4 1,081.0 950.6
OPERATING INCOME 126.9 100.6 362.4 228.9
INTEREST INCOME—NET 2.5 11.4 15.7 32.6
OTHER EXPENSE—NET (1.0) (6.0) (8.1) (6.9)
INCOME BEFORE INCOME TAXES 128.4 106.0 370.0 254.6
PROVISION FOR INCOME TAXES 5.0 25.8 28.2 41.1
NET INCOME $ 123.4 $ 80.2 $ 341.8 $ 213.5
Net income per share (Note 10):        
Basic (in dollars per share) $ 0.76 $ 0.47 $ 2.07 $ 1.25
Diluted (in dollars per share) $ 0.75 $ 0.46 $ 2.03 $ 1.22
Weighted-average shares outstanding:        
Basic (in shares) 162.1 171.3 164.8 170.9
Diluted (in shares) 165.6 174.8 168.4 174.9
Product [Member]        
REVENUE:        
Total revenue $ 223.8 $ 197.1 $ 628.0 $ 549.7
COST OF REVENUE:        
Total cost of revenue 84.3 79.0 245.0 231.9
GROSS PROFIT:        
Total gross profit 139.5 118.1 383.0 317.8
Service [Member]        
REVENUE:        
Total revenue 427.3 351.0 1,218.4 995.2
COST OF REVENUE:        
Total cost of revenue 54.9 45.1 158.0 133.5
GROSS PROFIT:        
Total gross profit $ 372.4 $ 305.9 $ 1,060.4 $ 861.7