XML 12 R3.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Income Statement [Abstract]    
Revenue $ 562.4 $ 511.6
Cost of revenue [1] 112.9 109.3
Gross profit 449.5 402.3
Operating expenses    
Research and development [1] 210.8 181.2
Sales and marketing [1] 95.7 102.7
General and administrative [1] 53.5 58.6
Impairment related to real estate assets [1],[2] 0.0 17.3
Total operating expenses [1] 360.0 359.8
Income from operations 89.5 42.5
Interest expense, net (1.4) (1.2)
Other income, net 5.7 5.1
Income before income taxes 93.8 46.4
(Provision for) benefit from income taxes (14.1) 1.2
Net income $ 79.7 $ 47.6
Basic net income per share (in dollars per share) $ 0.22 $ 0.12
Diluted net income per share (in dollars per share) $ 0.21 $ 0.12
Weighted-average shares used in computing net income per share attributable to common stockholders, basic (in shares) 370.7 398.1
Weighted-average shares used in computing net income per share attributable to common stockholders, diluted (in shares) 372.9 405.4
[1] Includes stock-based compensation as follows:
Three Months Ended
March 31,
20222021
Cost of revenue$5.7 $5.4 
Research and development50.5 43.5 
Sales and marketing4.5 6.9 
General and administrative11.6 12.1 
[2] Includes impairment charges related to real estate assets as a result of our decision to shift to a Virtual First work model. See Note 9 "Leases" for further information.