2019 Q4 Form 10-Q Financial Statement

#000108622219000241 Filed on November 08, 2019

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2018 Q4
Revenue $772.1M $709.9M $713.4M
YoY Change 8.24% 6.02% 7.52%
Cost Of Revenue $257.8M $246.9M $243.9M
YoY Change 5.67% 3.22% 6.08%
Gross Profit $514.4M $463.0M $469.4M
YoY Change 9.57% 7.57% 8.29%
Gross Profit Margin 66.62% 65.22% 65.81%
Selling, General & Admin $257.3M $245.5M $246.2M
YoY Change 4.51% 0.1% 3.06%
% of Gross Profit 50.02% 53.02% 52.45%
Research & Development $68.90M $64.89M $60.30M
YoY Change 14.26% 6.29% 1.01%
% of Gross Profit 13.39% 14.02% 12.85%
Depreciation & Amortization $115.8M $110.6M $116.3M
YoY Change -0.43% 2.6% 17.0%
% of Gross Profit 22.51% 23.89% 24.77%
Operating Expenses $358.0M $310.4M $335.2M
YoY Change 6.8% 1.33% 2.73%
Operating Profit $156.4M $143.3M $134.2M
YoY Change 16.49% 22.96% 25.21%
Interest Expense -$5.300M $12.13M -$7.300M
YoY Change -27.4% -16.74% 1725.0%
% of Operating Profit -3.39% 8.46% -5.44%
Other Income/Expense, Net -$600.0K -$752.0K $100.0K
YoY Change -700.0% 63.83% -80.0%
Pretax Income $129.4M $138.3M $113.1M
YoY Change 14.41% 24.87% 251.24%
Income Tax $10.60M -$960.0K $16.00M
% Of Pretax Income 8.19% -0.69% 14.15%
Net Earnings $119.1M $137.9M $94.02M
YoY Change 26.68% 28.17% 241.62%
Net Earnings / Revenue 15.43% 19.42% 13.18%
Basic Earnings Per Share $0.74 $0.85 $0.58
Diluted Earnings Per Share $0.73 $0.84 $0.57
COMMON SHARES
Basic Shares Outstanding 161.6M shares 162.4M shares 162.9M shares
Diluted Shares Outstanding 164.6M shares

Balance Sheet

Concept 2019 Q4 2019 Q3 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.537B $1.570B $1.892B
YoY Change -18.77% -12.84% 165.76%
Cash & Equivalents $393.7M $738.5M $1.036B
Short-Term Investments $1.143B $831.7M $855.5M
Other Short-Term Assets $17.60M $167.0M $18.71M
YoY Change -5.92% 3.21% -36.14%
Inventory
Prepaid Expenses
Receivables $551.9M $516.7M $479.9M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.232B $2.254B $2.535B
YoY Change -11.98% -7.24% 88.33%
LONG-TERM ASSETS
Property, Plant & Equipment $1.152B $1.080B $910.6M
YoY Change 26.52% 22.1% 5.57%
Goodwill $1.600B $1.583B $1.487B
YoY Change 7.59% 6.35% -0.75%
Intangibles $179.4M $166.4M $168.3M
YoY Change 6.58% -5.79% -16.35%
Long-Term Investments $835.4M $734.1M $209.1M
YoY Change 299.52% 185.53% -63.16%
Other Assets $173.1M $151.1M $116.1M
YoY Change 49.11% 46.33% -14.89%
Total Long-Term Assets $4.775B $4.104B $2.926B
YoY Change 63.18% 39.86% -11.39%
TOTAL ASSETS
Total Short-Term Assets $2.232B $2.254B $2.535B
Total Long-Term Assets $4.775B $4.104B $2.926B
Total Assets $7.007B $6.357B $5.462B
YoY Change 28.29% 18.52% 17.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $138.9M $108.2M $99.09M
YoY Change 40.22% 12.63% 23.43%
Accrued Expenses $334.9M $304.3M $328.3M
YoY Change 2.0% -0.31% 15.7%
Deferred Revenue $71.22M $98.84M $69.08M
YoY Change 3.1% 5.45% -2.0%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $686.6M
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $693.3M $602.5M $1.211B
YoY Change -42.73% -49.62% 165.1%
LONG-TERM LIABILITIES
Long-Term Debt $1.840B $1.823B $874.1M
YoY Change 110.48% 110.87% 31.86%
Other Long-Term Liabilities $90.07M $106.8M $160.9M
YoY Change -44.04% -13.67% 12.58%
Total Long-Term Liabilities $90.07M $106.8M $160.9M
YoY Change -44.04% -13.67% 12.58%
TOTAL LIABILITIES
Total Short-Term Liabilities $693.3M $602.5M $1.211B
Total Long-Term Liabilities $90.07M $106.8M $160.9M
Total Liabilities $3.349B $2.856B $2.270B
YoY Change 47.54% 29.32% 76.45%
SHAREHOLDERS EQUITY
Retained Earnings $48.00M -$71.10M -$430.9M
YoY Change -111.14% -86.45% -37.61%
Common Stock $1.620M $1.652M $1.629M
YoY Change -0.55% -4.07% -4.12%
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00 $291.8M $0.00
YoY Change -53.38%
Treasury Stock Shares 0.000 shares 3.552M shares 0.000 shares
Shareholders Equity $3.658B $3.502B $3.192B
YoY Change
Total Liabilities & Shareholders Equity $7.007B $6.357B $5.462B
YoY Change 28.29% 18.52% 17.48%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2018 Q4
OPERATING ACTIVITIES
Net Income $119.1M $137.9M $94.02M
YoY Change 26.68% 28.17% 241.62%
Depreciation, Depletion And Amortization $115.8M $110.6M $116.3M
YoY Change -0.43% 2.6% 17.0%
Cash From Operating Activities $282.1M $297.4M $286.1M
YoY Change -1.4% -4.22% 44.86%
INVESTING ACTIVITIES
Capital Expenditures -$133.7M -$152.6M -$117.3M
YoY Change 13.98% 76.01% 9.73%
Acquisitions
YoY Change
Other Investing Activities -$456.1M -$752.4M $289.0M
YoY Change -257.82% 1115.51% -403.25%
Cash From Investing Activities -$589.7M -$905.0M $171.7M
YoY Change -443.45% 509.02% -184.92%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $175.5M
YoY Change -60.15%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -43.00M 836.3M -126.1M
YoY Change -65.9% -292.87% 147.74%
NET CHANGE
Cash From Operating Activities 282.1M 297.4M 286.1M
Cash From Investing Activities -589.7M -905.0M 171.7M
Cash From Financing Activities -43.00M 836.3M -126.1M
Net Change In Cash -350.6M 228.7M 331.7M
YoY Change -205.7% -184.17% -696.58%
FREE CASH FLOW
Cash From Operating Activities $282.1M $297.4M $286.1M
Capital Expenditures -$133.7M -$152.6M -$117.3M
Free Cash Flow $415.8M $450.0M $403.4M
YoY Change 3.07% 13.29% 32.52%

Facts In Submission

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CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3187000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
42718000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
25658000 USD
CY2019Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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IncomeLossFromEquityMethodInvestments
0 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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us-gaap Income Loss From Equity Method Investments
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us-gaap Net Income Loss
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358935000 USD
us-gaap Net Income Loss
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204358000 USD
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0.85
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.65
us-gaap Earnings Per Share Basic
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2.20
us-gaap Earnings Per Share Basic
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1.21
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0.84
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.64
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.18
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.20
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162445000 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
165924000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
163029000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
168763000 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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164558000 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
167900000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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164788000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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137890000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
107583000 USD
us-gaap Net Income Loss
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358935000 USD
us-gaap Net Income Loss
NetIncomeLoss
204358000 USD
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CY2018Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-7771000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-10744000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
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155000 USD
CY2018Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
1524000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
3232000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-242000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-13940000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-7512000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-26288000 USD
CY2019Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
123950000 USD
CY2018Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
101336000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
351423000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
178070000 USD
us-gaap Net Income Loss
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358935000 USD
us-gaap Net Income Loss
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204358000 USD
us-gaap Depreciation Depletion And Amortization
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324874000 USD
us-gaap Depreciation Depletion And Amortization
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318226000 USD
us-gaap Share Based Compensation
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140262000 USD
us-gaap Share Based Compensation
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138815000 USD
us-gaap Deferred Income Tax Expense Benefit
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24581000 USD
us-gaap Deferred Income Tax Expense Benefit
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12906000 USD
us-gaap Amortization Of Financing Costs And Discounts
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30761000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
27844000 USD
us-gaap Restructuring Costs
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0 USD
us-gaap Restructuring Costs
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2818000 USD
us-gaap Adjustments Noncash Items To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
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3778000 USD
us-gaap Adjustments Noncash Items To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
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9360000 USD
us-gaap Increase Decrease In Accounts Receivable
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38144000 USD
us-gaap Increase Decrease In Accounts Receivable
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13611000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
11663000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2084000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-29441000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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7921000 USD
us-gaap Increase Decrease In Contract With Customer Liability
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16714000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
23927000 USD
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-21850000 USD
us-gaap Increase Decrease In Restructuring Reserve
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2030000 USD
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22643000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
10338000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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776164000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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722172000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
121409000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
79000 USD
us-gaap Payments To Acquire Equity Method Investments
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36008000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
0 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
268766000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
143285000 USD
us-gaap Payments For Software
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159645000 USD
us-gaap Payments For Software
PaymentsForSoftware
145122000 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
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1373563000 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
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782086000 USD
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547000 USD
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16308000 USD
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878779000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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378708000 USD
us-gaap Payments For Proceeds From Other Investing Activities
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us-gaap Payments For Proceeds From Other Investing Activities
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2678000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Convertible Debt
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us-gaap Proceeds From Convertible Debt
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185150000 USD
us-gaap Proceeds From Issuance Of Warrants
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119945000 USD
us-gaap Payments For Hedge Financing Activities
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312225000 USD
us-gaap Payments For Hedge Financing Activities
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261740000 USD
us-gaap Repayments Of Convertible Debt
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690000000 USD
us-gaap Repayments Of Convertible Debt
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us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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43204000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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52497000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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61116000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
52145000 USD
us-gaap Payments For Repurchase Of Common Stock
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291788000 USD
us-gaap Payments For Repurchase Of Common Stock
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625925000 USD
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-1558000 USD
us-gaap Proceeds From Payments For Other Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
7296000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
359732000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-2650000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
392142000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1036987000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
314429000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
739627000 USD
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
706571000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
65896000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
32485000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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25676000 USD
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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us-gaap Operating Lease Payments
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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87207000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
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64982000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
54414000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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27352000 USD
CY2018Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
705407000 USD
CY2019Q3 us-gaap Restricted Cash
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1165000 USD
CY2018Q3 us-gaap Restricted Cash
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1164000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
739627000 USD
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
706571000 USD
CY2019Q2 us-gaap Stockholders Equity
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CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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55406000 USD
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt
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185150000 USD
CY2019Q3 akam Adjustmentsto Additional Paidin Capital Derivative Purchase Relatedto Convertible Senior Notes
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312225000 USD
CY2019Q3 us-gaap Treasury Stock Value Acquired Cost Method
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CY2019Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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CY2019Q3 us-gaap Stockholders Equity
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CY2018Q2 us-gaap Stockholders Equity
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CY2018Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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55417000 USD
CY2018Q3 us-gaap Treasury Stock Value Acquired Cost Method
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CY2018Q3 us-gaap Stockholders Equity
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CY2018Q4 us-gaap Stockholders Equity
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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3232000 USD
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164310000 USD
us-gaap Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt
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261740000 USD
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625925000 USD
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204358000 USD
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CY2019Q3 akam Number Of Servers
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CY2019Q3 akam Number Of Countries Servers Are In
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P1Y
CY2019Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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1527000 USD
CY2019Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
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1112000 USD
CY2019Q3 us-gaap Available For Sale Securities Debt Securities
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1551838000 USD
CY2018Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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1059525000 USD
CY2018Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
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1000 USD
CY2018Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
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4770000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1054756000 USD
CY2019Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
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125400000 USD
CY2019Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
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831508000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
855499000 USD
CY2019Q3 akam Availableforsale Securities Debt Maturities Year Two Through Three Fair Value
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720330000 USD
CY2018Q4 akam Availableforsale Securities Debt Maturities Year Two Through Three Fair Value
AvailableforsaleSecuritiesDebtMaturitiesYearTwoThroughThreeFairValue
199257000 USD
CY2019Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1551838000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1054756000 USD
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518402000 USD
CY2018Q4 us-gaap Accounts Receivable Gross Current
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481423000 USD
CY2019Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
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1745000 USD
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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1534000 USD
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516657000 USD
CY2018Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
479889000 USD
CY2018Q4 us-gaap Goodwill
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1487404000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
99685000 USD
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
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CY2019Q3 us-gaap Goodwill
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1583479000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Gross
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426121000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
259714000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
166407000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
399191000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
230843000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
168348000 USD
CY2019Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
9600000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
28900000 USD
CY2018Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
8300000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
25000000.0 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
9600000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
36900000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
31900000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
26200000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
20300000 USD
us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
Commitments and Contingencies<div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Legal Matters</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In April 2018, as part of the resolution of multiple existing lawsuits between Limelight Networks, Inc. ("Limelight") and the Company, including in the U.S. District Court for the Eastern District of Virginia and in the U.S. District Court for the District of Massachusetts, the Company and Limelight entered into an agreement to settle the cases and request that the U.S. Patent Trial and Appeal Board terminate certain proceedings related to patents at issue in the litigation. The Company recorded a </span><span style="font-family:inherit;font-size:10pt;"><span>$14.9 million</span></span><span style="font-family:inherit;font-size:10pt;"> charge in the </span><span style="font-family:inherit;font-size:10pt;">third</span><span style="font-family:inherit;font-size:10pt;"> quarter of 2018, which is included in general and administrative expenses in the consolidated statement of income for the </span><span style="font-family:inherit;font-size:10pt;">nine</span><span style="font-family:inherit;font-size:10pt;"> months ended September 30, 2018, related to this settlement.</span></div>
CY2019Q3 us-gaap Interest Costs Incurred
InterestCostsIncurred
12982000 USD
CY2018Q3 us-gaap Interest Costs Incurred
InterestCostsIncurred
15295000 USD
us-gaap Interest Costs Incurred
InterestCostsIncurred
35657000 USD
us-gaap Interest Costs Incurred
InterestCostsIncurred
31045000 USD
CY2019Q3 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
1849000 USD
CY2018Q3 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
1210000 USD
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
4896000 USD
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
3200000 USD
CY2019Q3 us-gaap Interest Expense
InterestExpense
12127000 USD
CY2018Q3 us-gaap Interest Expense
InterestExpense
14566000 USD
us-gaap Interest Expense
InterestExpense
32689000 USD
us-gaap Interest Expense
InterestExpense
28620000 USD
CY2019Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
37659000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
113588000 USD
CY2019Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
3535000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
10928000 USD
CY2019Q3 us-gaap Variable Lease Cost
VariableLeaseCost
10670000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
27424000 USD
CY2019Q3 us-gaap Sublease Income
SubleaseIncome
839000 USD
us-gaap Sublease Income
SubleaseIncome
2791000 USD
CY2019Q3 us-gaap Lease Cost
LeaseCost
51025000 USD
us-gaap Lease Cost
LeaseCost
149149000 USD
CY2019Q3 akam Lessee Operating Lease Lease Notyet Commenced Amount
LesseeOperatingLeaseLeaseNotyetCommencedAmount
553000000.0 USD
akam Lessee Operating Lease Lease Notyet Commenced Term
LesseeOperatingLeaseLeaseNotyetCommencedTerm
P15Y
CY2019 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
19000000.0 USD
us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
6700000 USD
us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
62600000 USD
CY2018Q4 us-gaap Restructuring Reserve
RestructuringReserve
10981000 USD
us-gaap Restructuring Charges
RestructuringCharges
6879000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
17200000 USD
CY2019Q3 us-gaap Restructuring Reserve
RestructuringReserve
660000 USD
CY2018Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
1100000000 USD
CY2019Q3 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
175500000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
291800000 USD
CY2019Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
46815000 USD
CY2018Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
46632000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
140262000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
138815000 USD
CY2019Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
14867000 USD
CY2018Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
7802000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
41658000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
37692000 USD
CY2019Q3 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
31948000 USD
CY2018Q3 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
38830000 USD
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
98604000 USD
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
101123000 USD
CY2019Q3 akam Share Based Compensation Arrangement By Share Based Payment Award Amortization Of Capitalized Amounts
ShareBasedCompensationArrangementByShareBasedPaymentAwardAmortizationOfCapitalizedAmounts
7500000 USD
akam Share Based Compensation Arrangement By Share Based Payment Award Amortization Of Capitalized Amounts
ShareBasedCompensationArrangementByShareBasedPaymentAwardAmortizationOfCapitalizedAmounts
22900000 USD
CY2018Q3 akam Share Based Compensation Arrangement By Share Based Payment Award Amortization Of Capitalized Amounts
ShareBasedCompensationArrangementByShareBasedPaymentAwardAmortizationOfCapitalizedAmounts
6600000 USD
akam Share Based Compensation Arrangement By Share Based Payment Award Amortization Of Capitalized Amounts
ShareBasedCompensationArrangementByShareBasedPaymentAwardAmortizationOfCapitalizedAmounts
18100000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-7512000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
709912000 USD
CY2018Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
669628000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2121494000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2001111000 USD
CY2019Q3 akam Numberof Divisions
NumberofDivisions
2 division
CY2019Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
709912000 USD
CY2018Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
669628000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2121494000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2001111000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
51000000.0 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
64300000 USD
CY2019Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
2300000000 USD
CY2019Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.70
us-gaap Income Tax Examination Estimate Of Possible Loss
IncomeTaxExaminationEstimateOfPossibleLoss
15000000.0 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.106
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.112
CY2019Q3 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
11200000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
137890000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
107583000 USD
us-gaap Net Income Loss
NetIncomeLoss
358935000 USD
us-gaap Net Income Loss
NetIncomeLoss
204358000 USD
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
162445000 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
165924000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
163029000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
168763000 shares
CY2019Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
36000 shares
CY2018Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
80000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
59000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
158000 shares
CY2019Q3 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
2077000 shares
CY2018Q3 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
1896000 shares
us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
1700000 shares
us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
1811000 shares
CY2019Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
CY2018Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
CY2019Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2018Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
164558000 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
167900000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
164788000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
170732000 shares
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.85
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.65
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.20
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.21
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.84
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.64
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.18
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.20
CY2019Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
45605000 shares
CY2018Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
41294000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
46425000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
42182000 shares

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