XML 28 R19.htm IDEA: XBRL DOCUMENT v3.22.1
Financial Statements Details (Tables)
 3 Months Ended
Mar. 31, 2022
Balance Sheet Components [Abstract]  
Schedule of Cash, Cash Equivalents and Restricted Cash The reconciliation of cash, cash equivalents and restricted cash reported in the accompanying unaudited condensed consolidated balance sheets to the total of the same such amounts in the accompanying unaudited condensed consolidated statements of cash flows is as follows (in thousands):
March 31, 2022December 31, 2021
Cash and cash equivalents$635,025 $620,813 
Restricted cash included in other assets4,258 4,237 
Total cash, cash equivalents and restricted cash$639,283 $625,050 
Schedule of Accounts Receivable, Net Accounts receivable, net consists of the following (in thousands):
March 31, 2022December 31, 2021
Accounts receivable $652,529 $521,597 
Allowance for doubtful accounts (392)(132)
Product sales rebate and returns reserve(3,531)(4,956)
Accounts receivable, net $648,606 $516,509 
Schedule of Inventories Inventories consist of the following (in thousands):
March 31, 2022December 31, 2021
Raw materials $367,811 $316,737 
Finished goods 326,406 333,380 
Total inventories $694,217 $650,117 
Schedule of Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consist of the following (in thousands):
March 31, 2022December 31, 2021
Inventory deposits$95,608 $46,311 
Prepaid income taxes692 8,977 
Other current assets217,363 163,916 
Other prepaid expenses and deposits24,774 18,531 
Total prepaid expenses and other current assets$338,437 $237,735 
Schedule of Property and Equipment, Net Property and equipment, net consists of the following (in thousands):
March 31, 2022December 31, 2021
Land$40,336 $40,145 
Equipment and machinery 104,096 90,915 
Computer hardware and software 44,792 44,083 
Furniture and fixtures 3,638 3,634 
Leasehold improvements
30,512 30,502 
Construction-in-process 2,354 2,378 
Property and equipment, gross 225,728 211,657 
Less: accumulated depreciation (138,337)(133,023)
Property and equipment, net $87,391 $78,634 
Schedule of Accrued Liabilities Accrued liabilities consist of the following (in thousands):
March 31, 2022December 31, 2021
Accrued payroll-related costs$47,799 $99,571 
Accrued manufacturing costs92,197 80,213 
Accrued product development costs28,897 22,188 
Accrued warranty costs12,325 10,414 
Other15,845 14,257 
Total accrued liabilities $197,063 $226,643 
Schedule of Warranty Accrual The following table summarizes the activity related to our accrued liability for estimated future warranty costs (in thousands):
Three Months Ended March 31,
20222021
Warranty accrual, beginning of period$10,414 $9,314 
Liabilities accrued for warranties issued during the period 4,392 3,456 
Warranty costs incurred during the period(2,481)(2,727)
Warranty accrual, end of period$12,325 $10,043 
Schedule of Contract Balances The following table summarizes the beginning and ending balances of our contract assets included in "Prepaid and other current assets" on the condensed consolidated balance sheets (in thousands):
Three Months Ended March 31,
20222021
Contract assets, beginning balance$24,388 $16,380 
Contract assets, ending balance14,051 9,762 
Contract Liabilities
    A contract liability is recognized when we have received customer payments in advance of our satisfaction of a performance obligation under a cancellable contract. The following table summarizes the activity related to our contract liabilities (in thousands):
Three Months Ended March 31,
20222021
Contract liabilities, beginning balance$93,382 $85,957 
Less: Revenue recognized from beginning balance(8,248)(7,913)
Less: Beginning balance reclassified to deferred revenue(3,837)(12,492)
Add: Contract liabilities recognized17,125 14,913 
Contract liabilities, ending balance$98,422 $80,465 
Schedule of Deferred Revenue Deferred revenue is comprised mainly of unearned revenue related to multi-year post-contract support ("PCS") contracts, services and product deferrals related to acceptance clauses. The following table summarizes the activity related to our deferred revenue (in thousands):
Three Months Ended March 31,
20222021
Deferred revenue, beginning balance
$929,312 $650,827 
Less: Revenue recognized from beginning balance(128,136)(107,442)
Add: Deferral of revenue in current period, excluding amounts recognized during the period322,570 176,646 
Deferred revenue, ending balance$1,123,746 $720,031 
Schedule of Other Income (Expense), Net Other income, net consists of the following (in thousands):
Three Months Ended March 31,
20222021
Interest income$2,428 $2,045 
Unrealized gain on equity investments28,497 — 
Other income (expense), net555 (470)
Total$31,480 $1,575