v3.20.2
Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Total revenues $ 1,070,842 $ 833,904 $ 2,117,182 $ 1,622,830
Cost of revenues:        
Total cost of revenues [1] 232,939 198,147 456,305 384,399
Gross profit 837,903 635,757 1,660,877 1,238,431
Operating expenses:        
Sales and marketing [1] 426,519 393,895 867,753 755,304
Research and development [1] 245,081 183,420 471,738 355,942
General and administrative [1] 104,037 85,442 209,785 169,898
Total operating expenses [1] 775,637 662,757 1,549,276 1,281,144
Income (loss) from operations 62,266 (27,000) 111,601 (42,713)
Interest expense (8,488) (8,269) (17,058) (16,437)
Interest income and other income, net 8,252 18,954 15,849 31,379
Income (loss) before income taxes 62,030 (16,315) 110,392 (27,771)
Provision for (benefit from) income taxes 21,264 (5,236) 21,395 (15,147)
Net income (loss) $ 40,766 $ (11,079) $ 88,997 $ (12,624)
Net income (loss) per share - basic (in dollars per share) $ 0.21 $ (0.06) $ 0.47 $ (0.07)
Net income (loss) per share - diluted (in dollars per share) $ 0.20 $ (0.06) $ 0.44 $ (0.07)
Weighted-average shares used to compute net income (loss) per share - basic (in shares) 191,319 186,678 190,731 184,419
Weighted-average shares used to compute net income (loss) per share - diluted (in shares) 201,453 186,678 200,843 184,419
Other comprehensive income (loss):        
Foreign currency translation adjustments $ 17,577 $ (410) $ (2,816) $ 9,225
Unrealized gains on investments, net of tax 26,575 3,629 7,333 8,352
Other comprehensive income, net of tax 44,152 3,219 4,517 17,577
Comprehensive income (loss) 84,918 (7,860) 93,514 4,953
Subscription        
Revenues:        
Total revenues 1,015,528 780,989 2,010,230 1,520,975
Cost of revenues:        
Total cost of revenues [1] 171,934 135,479 331,655 262,068
Professional services and other        
Revenues:        
Total revenues 55,314 52,915 106,952 101,855
Cost of revenues:        
Total cost of revenues [1] $ 61,005 $ 62,668 $ 124,650 $ 122,331
[1] Includes stock-based compensation as follows:
 Three Months Ended June 30,Six Months Ended June 30,
2020201920202019
Cost of revenues:
Subscription$24,960  $19,117  $46,484  $35,139  
Professional services and other12,791  10,951  24,803  20,882  
Operating expenses:
Sales and marketing78,967  69,229  149,127  131,359  
Research and development70,163  50,041  129,066  93,623  
General and administrative29,959  22,422  55,645  48,207