2020 Q2 Form 10-Q Financial Statement

#000162828020009289 Filed on June 11, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $367.1M $326.7M
YoY Change 12.37% 27.64%
Cost Of Revenue $110.3M $110.3M
YoY Change -0.02% 23.08%
Gross Profit $256.8M $216.4M
YoY Change 18.69% 30.11%
Gross Profit Margin 69.96% 66.23%
Selling, General & Admin $214.6M $208.7M
YoY Change 2.79% 39.44%
% of Gross Profit 83.54% 96.46%
Research & Development $112.4M $105.1M
YoY Change 7.01% 33.87%
% of Gross Profit 43.78% 48.56%
Depreciation & Amortization $12.40M $19.80M
YoY Change -37.37% 23.75%
% of Gross Profit 4.83% 9.15%
Operating Expenses $341.7M $313.8M
YoY Change 8.89% 37.52%
Operating Profit -$84.88M -$97.42M
YoY Change -12.87% 57.46%
Interest Expense $7.151M $6.667M
YoY Change 7.26% 345.06%
% of Operating Profit
Other Income/Expense, Net -$3.416M -$1.816M
YoY Change 88.11% 81.78%
Pretax Income -$88.30M -$99.24M
YoY Change -11.03% 57.84%
Income Tax $2.297M $1.096M
% Of Pretax Income
Net Earnings -$90.59M -$100.3M
YoY Change -9.71% 56.03%
Net Earnings / Revenue -24.68% -30.71%
Basic Earnings Per Share
Diluted Earnings Per Share -$344.6K -$408.9K
COMMON SHARES
Basic Shares Outstanding 265.0M shares 253.1M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.274B $1.166B
YoY Change 9.26% 6.21%
Cash & Equivalents $347.6M $287.2M
Short-Term Investments $926.6M $879.0M
Other Short-Term Assets $95.40M $83.10M
YoY Change 14.8% 48.92%
Inventory $39.27M $45.94M
Prepaid Expenses
Receivables $349.1M $311.8M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.758B $1.607B
YoY Change 9.39% 15.76%
LONG-TERM ASSETS
Property, Plant & Equipment $136.2M $129.2M
YoY Change 5.44% 37.02%
Goodwill $37.60M $36.41M
YoY Change 3.28%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $32.22M $16.77M
YoY Change 92.1% 216.14%
Total Long-Term Assets $497.0M $462.2M
YoY Change 7.54% 146.01%
TOTAL ASSETS
Total Short-Term Assets $1.758B $1.607B
Total Long-Term Assets $497.0M $462.2M
Total Assets $2.255B $2.069B
YoY Change 8.97% 31.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $64.82M $75.48M
YoY Change -14.13% 17.95%
Accrued Expenses $132.4M $117.6M
YoY Change 12.59% 358.86%
Deferred Revenue $365.7M $283.2M
YoY Change 29.16%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $563.4M $480.0M
YoY Change 17.38% 49.98%
LONG-TERM LIABILITIES
Long-Term Debt $483.9M $456.3M
YoY Change 6.05% 6.04%
Other Long-Term Liabilities $14.44M $6.753M
YoY Change 113.88% 30.59%
Total Long-Term Liabilities $14.44M $6.753M
YoY Change 113.88% 30.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $563.4M $480.0M
Total Long-Term Liabilities $14.44M $6.753M
Total Liabilities $1.498B $1.325B
YoY Change 13.04% 40.32%
SHAREHOLDERS EQUITY
Retained Earnings -$1.374B -$1.182B
YoY Change 16.18% 22.15%
Common Stock $2.120B $1.925B
YoY Change 10.14% 20.15%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $756.9M $744.0M
YoY Change
Total Liabilities & Shareholders Equity $2.255B $2.069B
YoY Change 8.97% 31.29%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income -$90.59M -$100.3M
YoY Change -9.71% 56.03%
Depreciation, Depletion And Amortization $12.40M $19.80M
YoY Change -37.37% 23.75%
Cash From Operating Activities $35.10M $6.642M
YoY Change 428.5% -64.28%
INVESTING ACTIVITIES
Capital Expenditures $23.78M $24.30M
YoY Change -2.12% 8.97%
Acquisitions $0.00 $47.88M
YoY Change -100.0%
Other Investing Activities $14.90M -$174.3M
YoY Change -108.55% 1608.82%
Cash From Investing Activities -$8.911M -$198.6M
YoY Change -95.51% 510.54%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $70.12M $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$41.25M $31.58M
YoY Change -230.63% -93.77%
NET CHANGE
Cash From Operating Activities $35.10M $6.642M
Cash From Investing Activities -$8.911M -$198.6M
Cash From Financing Activities -$41.25M $31.58M
Net Change In Cash -$15.06M -$160.3M
YoY Change -90.61% -132.53%
FREE CASH FLOW
Cash From Operating Activities $35.10M $6.642M
Capital Expenditures $23.78M $24.30M
Free Cash Flow $11.32M -$17.65M
YoY Change -164.13% 377.14%

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164139000 USD
CY2020Q2 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
95375000 USD
CY2019Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-198553000 USD
CY2020Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-8911000 USD
CY2019Q2 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
16761000 USD
CY2020Q2 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
9275000 USD
CY2019Q2 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
32042000 USD
CY2020Q2 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
16021000 USD
CY2019Q2 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 USD
CY2020Q2 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
4950000 USD
CY2019Q2 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
11555000 USD
CY2020Q2 us-gaap Income Taxes Paid
IncomeTaxesPaid
2376000 USD
CY2019Q2 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
11595000 USD
CY2020Q2 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
8274000 USD
CY2020Q2 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
0 USD
CY2019Q2 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
5672000 USD
CY2020Q2 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1374000 USD
CY2019Q2 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2020Q2 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
70119000 USD
CY2019Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
31576000 USD
CY2020Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-41247000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-160335000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-15055000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
463813000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
377922000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
303478000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
362867000 USD
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
287192000 USD
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
347580000 USD
CY2019Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
16286000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-90594000 USD
CY2019Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
21060000 USD
CY2020Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
15133000 USD
CY2019Q2 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
6490000 USD
CY2020Q2 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
6936000 USD
CY2019Q2 us-gaap Share Based Compensation
ShareBasedCompensation
62157000 USD
CY2020Q2 us-gaap Share Based Compensation
ShareBasedCompensation
58694000 USD
CY2019Q2 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
811000 USD
CY2020Q2 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1705000 USD
CY2019Q2 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-67299000 USD
CY2020Q2 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-109441000 USD
CY2019Q2 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2023000 USD
CY2020Q2 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1370000 USD
CY2019Q2 pstg Increase Decrease In Deferred Commissions
IncreaseDecreaseInDeferredCommissions
-1716000 USD
CY2020Q2 pstg Increase Decrease In Deferred Commissions
IncreaseDecreaseInDeferredCommissions
3159000 USD
CY2019Q2 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
7298000 USD
CY2020Q2 us-gaap Use Of Estimates
UseOfEstimates
<div style="text-indent:27pt;text-align:justify;margin-top:18pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;">Use of Estimates</span></div><div style="text-indent:27pt;text-align:justify;margin-top:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported and disclosed in the financial statements and accompanying notes. Actual results could differ from these estimates. Such estimates include, but are not limited to, the determination of standalone selling price for revenue arrangements with multiple performance obligations, useful lives of intangible assets and property and equipment, the period of benefit for deferred contract costs for commissions, stock-based compensation, provision for income taxes including related reserves, and valuation of intangible assets and goodwill. Management bases its estimates on historical experience and on various other assumptions which management believes to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities.</span></div><div style="text-indent:27pt;text-align:justify;margin-top:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">We considered the impact of the COVID-19 pandemic on the assumptions and estimates used and determined that there were no material adverse impacts on the condensed consolidated financial statements for the first quarter of fiscal 2021. </span></div><div style="text-indent:27pt;text-align:justify;margin-top:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">In accordance with our on-going accounting practices, we review the estimated useful lives of our property and equipment on an ongoing basis. In the first quarter of fiscal 2021, management determined that the estimated useful lives of its test equipment and certain computer equipment and software required revision. The estimated useful lives of test equipment and certain computer equipment and software were revised to 4 years. Previously, the estimated useful lives of these assets ranged from 2 to 3 years. The change in estimated useful lives was accounted for as a change in estimate and recognized on a prospective basis effective February 3, 2020. The effect of this change in estimate resulted in a reduction to depreciation expense and corresponding decrease in loss from operations and net loss of $7.9 million in the first quarter of fiscal 2021.</span></div>
CY2020Q1 us-gaap Restricted Cash And Investments Noncurrent
RestrictedCashAndInvestmentsNoncurrent
15300000 USD
CY2020Q2 us-gaap Restricted Cash And Investments Noncurrent
RestrictedCashAndInvestmentsNoncurrent
15300000 USD
CY2020Q2 pstg Number Of Revenue Sources
NumberOfRevenueSources
2 numberOfRevenueSources
CY2020Q1 pstg Debt Securities Availableforsale Cash Equivalents And Restricted Cash Amortized Cost
DebtSecuritiesAvailableforsaleCashEquivalentsAndRestrictedCashAmortizedCost
932260000 USD
CY2020Q1 pstg Debt Securities Availableforsale Cash Equivalents And Restricted Cash Accumulated Gross Unrealized Gain Before Tax
DebtSecuritiesAvailableforsaleCashEquivalentsAndRestrictedCashAccumulatedGrossUnrealizedGainBeforeTax
7263000 USD
CY2020Q1 pstg Debt Securities Availableforsale Cash Equivalents And Restricted Cash Accumulated Gross Unrealized Loss Before Tax
DebtSecuritiesAvailableforsaleCashEquivalentsAndRestrictedCashAccumulatedGrossUnrealizedLossBeforeTax
4000 USD
CY2020Q1 pstg Debt Securities Availableforsale Cash Equivalents And Restricted Cash
DebtSecuritiesAvailableforsaleCashEquivalentsAndRestrictedCash
965874000 USD
CY2020Q1 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
14069000 USD
CY2020Q1 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
936518000 USD
CY2020Q1 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
15287000 USD
CY2020Q2 pstg Debt Securities Availableforsale Cash Equivalents And Restricted Cash Amortized Cost
DebtSecuritiesAvailableforsaleCashEquivalentsAndRestrictedCashAmortizedCost
914577000 USD
CY2020Q2 pstg Debt Securities Availableforsale Cash Equivalents And Restricted Cash Accumulated Gross Unrealized Gain Before Tax
DebtSecuritiesAvailableforsaleCashEquivalentsAndRestrictedCashAccumulatedGrossUnrealizedGainBeforeTax
12492000 USD
CY2020Q2 pstg Debt Securities Availableforsale Cash Equivalents And Restricted Cash Accumulated Gross Unrealized Loss Before Tax
DebtSecuritiesAvailableforsaleCashEquivalentsAndRestrictedCashAccumulatedGrossUnrealizedLossBeforeTax
509000 USD
CY2020Q2 pstg Debt Securities Availableforsale Cash Equivalents And Restricted Cash
DebtSecuritiesAvailableforsaleCashEquivalentsAndRestrictedCash
976832000 USD
CY2020Q2 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
34985000 USD
CY2020Q2 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
926560000 USD
CY2020Q2 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
15287000 USD
CY2020Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
396243000 USD
CY2020Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
398933000 USD
CY2020Q2 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
516314000 USD
CY2020Q2 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
525606000 USD
CY2020Q2 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
2020000 USD
CY2020Q2 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
2021000 USD
CY2020Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
914577000 USD
CY2020Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
926560000 USD
CY2019Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
14689000 USD
CY2019Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
4000 USD
CY2019Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
1000000 USD
CY2019Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
0 USD
CY2019Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
15689000 USD
CY2019Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
4000 USD
CY2020Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
94074000 USD
CY2020Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
509000 USD
CY2020Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
0 USD
CY2020Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
0 USD
CY2020Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
94074000 USD
CY2020Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
509000 USD
CY2020Q1 us-gaap Inventory Raw Materials
InventoryRawMaterials
2974000 USD
CY2020Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
5687000 USD
CY2020Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
35544000 USD
CY2020Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
33579000 USD
CY2020Q1 us-gaap Inventory Gross
InventoryGross
38518000 USD
CY2020Q2 us-gaap Inventory Gross
InventoryGross
39266000 USD
CY2020Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
395622000 USD
CY2020Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
418028000 USD
CY2020Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
272882000 USD
CY2020Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
281820000 USD
CY2020Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
122740000 USD
CY2020Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
136208000 USD
CY2019Q2 us-gaap Depreciation
Depreciation
19800000 USD
CY2020Q2 us-gaap Depreciation
Depreciation
12400000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
75225000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
16968000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
58257000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
75225000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
19669000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
55556000 USD
CY2019Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1300000 USD
CY2020Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2700000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
9300000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
8103000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
9846000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
9300000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
9300000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
9707000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
55556000 USD
CY2020Q1 us-gaap Goodwill
Goodwill
37600000 USD
CY2020Q2 us-gaap Goodwill
Goodwill
37600000 USD
CY2020Q2 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2019Q2 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2020Q1 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
9012000 USD
CY2020Q2 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
7459000 USD
CY2020Q1 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
7679000 USD
CY2020Q2 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
7767000 USD
CY2020Q1 pstg Accrued Travel And Entertainment Expenses
AccruedTravelAndEntertainmentExpenses
3829000 USD
CY2020Q2 pstg Accrued Travel And Entertainment Expenses
AccruedTravelAndEntertainmentExpenses
1126000 USD
CY2020Q1 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
6149000 USD
CY2020Q2 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
470000 USD
CY2020Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
20554000 USD
CY2020Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
22059000 USD
CY2020Q1 pstg Accrued Expenses And Other Liabilities Current
AccruedExpensesAndOtherLiabilitiesCurrent
47223000 USD
CY2020Q2 pstg Accrued Expenses And Other Liabilities Current
AccruedExpensesAndOtherLiabilitiesCurrent
38881000 USD
CY2020Q2 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-7300000 USD
CY2020Q2 pstg Deferred Commissions Related To Subscription Services Revenue Useful Life
DeferredCommissionsRelatedToSubscriptionServicesRevenueUsefulLife
P6Y
CY2019Q1 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
114973000 USD
CY2020Q1 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
139204000 USD
CY2019Q2 pstg Contract With Customer Liability Increase From Additions
ContractWithCustomerLiabilityIncreaseFromAdditions
18236000 USD
CY2020Q2 pstg Contract With Customer Liability Increase From Additions
ContractWithCustomerLiabilityIncreaseFromAdditions
29762000 USD
CY2019Q2 pstg Contract With Customer Liability Revenue Recognized Total
ContractWithCustomerLiabilityRevenueRecognizedTotal
19952000 USD
CY2020Q2 pstg Contract With Customer Liability Revenue Recognized Total
ContractWithCustomerLiabilityRevenueRecognizedTotal
26603000 USD
CY2019Q2 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
113257000 USD
CY2020Q2 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
142363000 USD
CY2020Q2 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
142400000 USD
CY2020Q2 pstg Expected Commission Percent
ExpectedCommissionPercent
0.28
CY2020Q2 pstg Impairment Of Capitalized Commissions
ImpairmentOfCapitalizedCommissions
0 USD
CY2019Q2 pstg Impairment Of Capitalized Commissions
ImpairmentOfCapitalizedCommissions
0 USD
CY2019Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
79300000 USD
CY2020Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
108700000 USD
CY2020Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
912000000.0 USD
CY2020Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
912000000.0 USD
CY2020Q2 pstg Revenue Remaining Performance Obligation Percentage Recognized In Net12 Months
RevenueRemainingPerformanceObligationPercentageRecognizedInNet12Months
0.42
CY2020Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2018Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
12900000 USD
CY2020Q2 us-gaap Share Price
SharePrice
13.37
CY2020Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
11500000 USD
CY2020Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
11500000 USD
CY2019Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
8483000 USD
CY2020Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
8749000 USD
CY2019Q2 us-gaap Variable Lease Cost
VariableLeaseCost
2100000 USD
CY2020Q2 us-gaap Variable Lease Cost
VariableLeaseCost
2651000 USD
CY2019Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
861000 USD
CY2020Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1507000 USD
CY2019Q2 us-gaap Lease Cost
LeaseCost
11444000 USD
CY2020Q2 us-gaap Lease Cost
LeaseCost
12907000 USD
CY2020Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y7M24D
CY2020Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0642
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
27916000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
31710000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
25506000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
19272000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
15775000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
33139000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
153318000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
27492000 USD
CY2020Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
125826000 USD
CY2020Q2 pstg Lessee Operating Lease Lease Not Yet Commenced Assumption And Judgment Value Of Underlying Asset Amount
LesseeOperatingLeaseLeaseNotYetCommencedAssumptionAndJudgmentValueOfUnderlyingAssetAmount
22400000 USD
CY2020Q2 us-gaap Lessee Operating Lease Lease Not Yet Commenced Term Of Contract1
LesseeOperatingLeaseLeaseNotYetCommencedTermOfContract1
P5Y2M12D
CY2019Q2 us-gaap Operating Lease Payments Use
OperatingLeasePaymentsUse
8114000 USD
CY2020Q2 us-gaap Operating Lease Payments Use
OperatingLeasePaymentsUse
8688000 USD
CY2019Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2327000 USD
CY2020Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
10812000 USD
CY2020Q2 us-gaap Restructuring Charges
RestructuringCharges
5800000 USD
CY2020Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2020Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2020Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2020Q2 pstg Numberof Classesof Stock
NumberofClassesofStock
2 stock_class
CY2020Q2 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
5959430 shares
CY2020Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
11.75
CY2020Q2 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
70000000.0 USD
CY2020Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
65000000.0 USD
CY2020Q2 pstg Number Of Equity Compensation Plans
NumberOfEquityCompensationPlans
2 plan
CY2020Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P10Y
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
26822243 shares
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
8.97
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y10M24D
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
237803000 USD
CY2020Q2 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
2174568 shares
CY2020Q2 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
4.32
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
108184 shares
CY2020Q2 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
16.13
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
24539491 shares
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
9.36
CY2020Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y9M18D
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
127583000 USD
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
22050411 shares
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
8.62
CY2020Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y2M12D
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
126788000 USD
CY2020Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
8500000 USD
CY2019Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
62157000 USD
CY2020Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
58694000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
-100336000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-90594000 USD
CY2019Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
245334000 shares
CY2020Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
262935000 shares
CY2019Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.41
CY2020Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.34
CY2019Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
82660000 shares
CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
79371000 shares
CY2019Q2 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
6834000 USD
CY2020Q2 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
6231000 USD
CY2019Q2 us-gaap Interest Expense
InterestExpense
6667000 USD
CY2020Q2 us-gaap Interest Expense
InterestExpense
7151000 USD
CY2019Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-1981000 USD
CY2020Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-2386000 USD
CY2019Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-2000 USD
CY2020Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-110000 USD
CY2019Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1816000 USD
CY2020Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-3416000 USD
CY2020Q2 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2020Q2 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2020Q2 pstg Number Of Segment Managers
NumberOfSegmentManagers
0 manager
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
326700000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
367119000 USD
CY2020Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
122740000 USD
CY2020Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
136208000 USD

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