2021 Q2 Form 10-Q Financial Statement

#000162828021011838 Filed on June 08, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2021 Q1 2020 Q2
Revenue $412.7M $502.7M $367.1M
YoY Change 12.42% 2.17% 12.37%
Cost Of Revenue $130.8M $161.9M $110.3M
YoY Change 18.63% 12.59% -0.02%
Gross Profit $281.9M $340.9M $256.8M
YoY Change 9.75% -2.1% 18.69%
Gross Profit Margin 68.3% 67.81% 69.96%
Selling, General & Admin $226.6M $249.3M $214.6M
YoY Change 5.63% 6.54% 2.79%
% of Gross Profit 80.41% 73.13% 83.54%
Research & Development $131.4M $130.4M $112.4M
YoY Change 16.84% 13.49% 7.01%
% of Gross Profit 46.61% 38.25% 43.78%
Depreciation & Amortization $14.50M $20.20M $12.40M
YoY Change 16.94% -11.79% -37.37%
% of Gross Profit 5.14% 5.93% 4.83%
Operating Expenses $358.0M $379.6M $341.7M
YoY Change 4.78% 8.8% 8.89%
Operating Profit -$76.16M -$38.70M -$84.88M
YoY Change -10.28% 5428.57% -12.87%
Interest Expense $8.659M -$3.000M $7.151M
YoY Change 21.09% 114.29% 7.26%
% of Operating Profit
Other Income/Expense, Net -$4.727M $600.0K -$3.416M
YoY Change 38.38% 20.0% 88.11%
Pretax Income -$80.88M -$49.20M -$88.30M
YoY Change -8.4% 2975.0% -11.03%
Income Tax $3.322M $3.000M $2.297M
% Of Pretax Income
Net Earnings -$84.21M -$52.30M -$90.59M
YoY Change -7.05% 1012.77% -9.71%
Net Earnings / Revenue -20.4% -10.4% -24.68%
Basic Earnings Per Share -$0.30
Diluted Earnings Per Share -$0.30 -$190.6K -$344.6K
COMMON SHARES
Basic Shares Outstanding 280.3M shares 280.3M shares 265.0M shares
Diluted Shares Outstanding 280.3M shares

Balance Sheet

Concept 2021 Q2 2021 Q1 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.234B $1.254B $1.274B
YoY Change -3.14% -3.51% 9.26%
Cash & Equivalents $300.8M $337.1M $347.6M
Short-Term Investments $933.4M $916.4M $926.6M
Other Short-Term Assets $173.1M $147.0M $95.40M
YoY Change 81.44% 56.38% 14.8%
Inventory $49.29M $46.73M $39.27M
Prepaid Expenses
Receivables $327.5M $460.9M $349.1M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.784B $1.908B $1.758B
YoY Change 1.49% 0.94% 9.39%
LONG-TERM ASSETS
Property, Plant & Equipment $172.4M $163.0M $136.2M
YoY Change 26.56% 32.83% 5.44%
Goodwill $358.7M $358.7M $37.60M
YoY Change 853.99% 854.4% 3.28%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $39.61M $36.90M $32.22M
YoY Change 22.95% 47.38% 92.1%
Total Long-Term Assets $913.9M $911.3M $497.0M
YoY Change 83.88% 92.33% 7.54%
TOTAL ASSETS
Total Short-Term Assets $1.784B $1.908B $1.758B
Total Long-Term Assets $913.9M $911.3M $497.0M
Total Assets $2.698B $2.819B $2.255B
YoY Change 19.65% 19.26% 8.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $40.56M $67.53M $64.82M
YoY Change -37.42% -13.03% -14.13%
Accrued Expenses $166.9M $61.75M $132.4M
YoY Change 26.07% 30.77% 12.59%
Deferred Revenue $458.7M $438.3M $365.7M
YoY Change 25.43% 23.12% 29.16%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $670.3M $760.7M $563.4M
YoY Change 18.98% 23.74% 17.38%
LONG-TERM LIABILITIES
Long-Term Debt $763.1M $755.8M $483.9M
YoY Change 57.69% 58.45% 6.05%
Other Long-Term Liabilities $27.34M $27.23M $14.44M
YoY Change 89.32% 236.84% 113.88%
Total Long-Term Liabilities $790.4M $783.0M $14.44M
YoY Change 5372.6% 61.42% 113.88%
TOTAL LIABILITIES
Total Short-Term Liabilities $670.3M $760.7M $563.4M
Total Long-Term Liabilities $790.4M $783.0M $14.44M
Total Liabilities $1.982B $2.069B $1.498B
YoY Change 32.34% 34.9% 13.04%
SHAREHOLDERS EQUITY
Retained Earnings -$1.649B -$1.565B -$1.374B
YoY Change 20.07% 21.99% 16.18%
Common Stock $2.360B $2.308B $2.120B
YoY Change 11.31% 9.49% 10.14%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $715.5M $750.0M $756.9M
YoY Change
Total Liabilities & Shareholders Equity $2.698B $2.819B $2.255B
YoY Change 19.65% 19.26% 8.97%

Cashflow Statement

Concept 2021 Q2 2021 Q1 2020 Q2
OPERATING ACTIVITIES
Net Income -$84.21M -$52.30M -$90.59M
YoY Change -7.05% 1012.77% -9.71%
Depreciation, Depletion And Amortization $14.50M $20.20M $12.40M
YoY Change 16.94% -11.79% -37.37%
Cash From Operating Activities $21.45M $69.00M $35.10M
YoY Change -38.9% -1.29% 428.5%
INVESTING ACTIVITIES
Capital Expenditures $27.83M -$21.40M $23.78M
YoY Change 17.02% 57.35% -2.12%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities -$20.29M $19.10M $14.90M
YoY Change -236.15% 1173.33% -108.55%
Cash From Investing Activities -$48.12M -$2.200M -$8.911M
YoY Change 439.95% -81.82% -95.51%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $30.02M $70.12M
YoY Change -57.19%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$9.672M 5.800M -$41.25M
YoY Change -76.55% 1350.0% -230.63%
NET CHANGE
Cash From Operating Activities $21.45M 69.00M $35.10M
Cash From Investing Activities -$48.12M -2.200M -$8.911M
Cash From Financing Activities -$9.672M 5.800M -$41.25M
Net Change In Cash -$36.34M 72.60M -$15.06M
YoY Change 141.37% 24.74% -90.61%
FREE CASH FLOW
Cash From Operating Activities $21.45M $69.00M $35.10M
Capital Expenditures $27.83M -$21.40M $23.78M
Free Cash Flow -$6.381M $90.40M $11.32M
YoY Change -156.36% 8.26% -164.13%

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CY2020Q2 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1705000 USD
CY2021Q2 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-2621000 USD
CY2020Q2 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-109441000 USD
CY2021Q2 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-133380000 USD
CY2020Q2 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1370000 USD
CY2021Q2 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
3508000 USD
CY2020Q2 pstg Increase Decrease In Deferred Commissions
IncreaseDecreaseInDeferredCommissions
3159000 USD
CY2021Q2 pstg Increase Decrease In Deferred Commissions
IncreaseDecreaseInDeferredCommissions
-2049000 USD
CY2020Q2 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
6298000 USD
CY2021Q2 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
30407000 USD
CY2020Q2 pstg Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
6706000 USD
CY2021Q2 pstg Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
7581000 USD
CY2020Q2 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-14294000 USD
CY2021Q2 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-24354000 USD
CY2020Q2 pstg Increase Decrease In Accrued Compensation And Other Liabilities
IncreaseDecreaseInAccruedCompensationAndOtherLiabilities
-49643000 USD
CY2021Q2 pstg Increase Decrease In Accrued Compensation And Other Liabilities
IncreaseDecreaseInAccruedCompensationAndOtherLiabilities
-84837000 USD
CY2020Q2 pstg Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
6926000 USD
CY2021Q2 pstg Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
6897000 USD
CY2020Q2 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
8772000 USD
CY2021Q2 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
22463000 USD
CY2020Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
35103000 USD
CY2021Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
21448000 USD
CY2020Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
23782000 USD
CY2021Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
27829000 USD
CY2020Q2 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
98161000 USD
CY2021Q2 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
171563000 USD
CY2020Q2 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
17657000 USD
CY2021Q2 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
85537000 USD
CY2020Q2 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
95375000 USD
CY2021Q2 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
65740000 USD
CY2020Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-8911000 USD
CY2021Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-48115000 USD
CY2020Q2 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
9275000 USD
CY2021Q2 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
8016000 USD
CY2020Q2 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
16021000 USD
CY2021Q2 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
17726000 USD
CY2020Q2 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
4950000 USD
CY2021Q2 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 USD
CY2020Q2 us-gaap Repayments Of Debt
RepaymentsOfDebt
0 USD
CY2021Q2 us-gaap Repayments Of Debt
RepaymentsOfDebt
344000 USD
CY2020Q2 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1374000 USD
CY2021Q2 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
5050000 USD
CY2020Q2 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
70119000 USD
CY2021Q2 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
30020000 USD
CY2020Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-41247000 USD
CY2021Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-9672000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-15055000 USD
CY2021Q2 pstg Cash Paid For Amounts Included In The Measurement Of Lease Liabilities
CashPaidForAmountsIncludedInTheMeasurementOfLeaseLiabilities
8820000 USD
CY2020Q2 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
8274000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-36339000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
377922000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
347691000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
362867000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
311352000 USD
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
347580000 USD
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
300808000 USD
CY2020Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
15287000 USD
CY2021Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
10544000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
362867000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
311352000 USD
CY2020Q2 us-gaap Interest Paid Net
InterestPaidNet
359000 USD
CY2021Q2 us-gaap Interest Paid Net
InterestPaidNet
1455000 USD
CY2020Q2 us-gaap Income Taxes Paid
IncomeTaxesPaid
2376000 USD
CY2021Q2 us-gaap Income Taxes Paid
IncomeTaxesPaid
3750000 USD
CY2020Q2 pstg Cash Paid For Amounts Included In The Measurement Of Lease Liabilities
CashPaidForAmountsIncludedInTheMeasurementOfLeaseLiabilities
8688000 USD
CY2021Q2 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
8366000 USD
CY2020Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
10812000 USD
CY2021Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2495000 USD
CY2021Q2 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:18pt;text-align:justify;text-indent:27pt"><span style="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="margin-top:6pt;text-align:justify;text-indent:27pt"><span style="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 and assumptions due to risks and uncertainties, including uncertainty in the current economic environment from the ongoing COVID-19 pandemic. 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 the fair value of equity assumed, intangible and tangible assets acquired and liabilities assumed for business combinations. 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>
CY2021Q2 us-gaap Restricted Cash And Investments Noncurrent
RestrictedCashAndInvestmentsNoncurrent
10500000 USD
CY2021Q1 pstg Debt Securities Availableforsale Cash Equivalents And Restricted Cash Amortized Cost
DebtSecuritiesAvailableforsaleCashEquivalentsAndRestrictedCashAmortizedCost
922507000 USD
CY2021Q1 pstg Debt Securities Availableforsale Cash Equivalents And Restricted Cash Accumulated Gross Unrealized Gain Before Tax
DebtSecuritiesAvailableforsaleCashEquivalentsAndRestrictedCashAccumulatedGrossUnrealizedGainBeforeTax
9255000 USD
CY2020Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
108700000 USD
CY2021Q1 pstg Debt Securities Availableforsale Cash Equivalents And Restricted Cash Accumulated Gross Unrealized Loss Before Tax
DebtSecuritiesAvailableforsaleCashEquivalentsAndRestrictedCashAccumulatedGrossUnrealizedLossBeforeTax
34000 USD
CY2021Q1 pstg Debt Securities Availableforsale Cash Equivalents And Restricted Cash
DebtSecuritiesAvailableforsaleCashEquivalentsAndRestrictedCash
981712000 USD
CY2021Q1 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
54780000 USD
CY2021Q1 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
916388000 USD
CY2021Q1 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
10544000 USD
CY2021Q2 pstg Debt Securities Availableforsale Cash Equivalents And Restricted Cash Amortized Cost
DebtSecuritiesAvailableforsaleCashEquivalentsAndRestrictedCashAmortizedCost
926796000 USD
CY2021Q2 pstg Debt Securities Availableforsale Cash Equivalents And Restricted Cash Accumulated Gross Unrealized Gain Before Tax
DebtSecuritiesAvailableforsaleCashEquivalentsAndRestrictedCashAccumulatedGrossUnrealizedGainBeforeTax
6771000 USD
CY2021Q2 pstg Debt Securities Availableforsale Cash Equivalents And Restricted Cash Accumulated Gross Unrealized Loss Before Tax
DebtSecuritiesAvailableforsaleCashEquivalentsAndRestrictedCashAccumulatedGrossUnrealizedLossBeforeTax
191000 USD
CY2021Q2 pstg Debt Securities Availableforsale Cash Equivalents And Restricted Cash
DebtSecuritiesAvailableforsaleCashEquivalentsAndRestrictedCash
982699000 USD
CY2021Q2 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
38779000 USD
CY2021Q2 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
933376000 USD
CY2021Q2 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
10544000 USD
CY2021Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
360362000 USD
CY2021Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
362340000 USD
CY2021Q2 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
566434000 USD
CY2021Q2 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
571036000 USD
CY2021Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
926796000 USD
CY2021Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
933376000 USD
CY2020Q2 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0 USD
CY2021Q2 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0 USD
CY2021Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
41297000 USD
CY2021Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
34000 USD
CY2021Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
0 USD
CY2021Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
0 USD
CY2021Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
41297000 USD
CY2021Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
34000 USD
CY2021Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
101706000 USD
CY2021Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
191000 USD
CY2021Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
0 USD
CY2021Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
0 USD
CY2021Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
101706000 USD
CY2021Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
191000 USD
CY2021Q1 us-gaap Inventory Raw Materials
InventoryRawMaterials
4991000 USD
CY2021Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
5881000 USD
CY2021Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
41742000 USD
CY2021Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
43406000 USD
CY2021Q1 us-gaap Inventory Gross
InventoryGross
46733000 USD
CY2021Q2 us-gaap Inventory Gross
InventoryGross
49287000 USD
CY2021Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
475515000 USD
CY2021Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
491722000 USD
CY2021Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
312474000 USD
CY2021Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
319341000 USD
CY2021Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
163041000 USD
CY2021Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
172381000 USD
CY2020Q2 us-gaap Depreciation
Depreciation
12400000 USD
CY2021Q2 us-gaap Depreciation
Depreciation
14500000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
106580000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
29932000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
76648000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
106580000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
34229000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
72351000 USD
CY2020Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2700000 USD
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4300000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
11934000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
15685000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
15282000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
14477000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
11924000 USD
CY2021Q2 pstg Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
3049000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
72351000 USD
CY2021Q2 us-gaap Goodwill
Goodwill
358700000 USD
CY2021Q1 us-gaap Goodwill
Goodwill
358700000 USD
CY2020Q2 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2021Q2 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2021Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1129200000 USD
CY2021Q1 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
4097000 USD
CY2021Q2 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
3637000 USD
CY2021Q1 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
15638000 USD
CY2021Q2 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
11685000 USD
CY2021Q1 pstg Accrued Travel And Entertainment Expenses
AccruedTravelAndEntertainmentExpenses
866000 USD
CY2021Q2 pstg Accrued Travel And Entertainment Expenses
AccruedTravelAndEntertainmentExpenses
636000 USD
CY2021Q1 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
9600000 USD
CY2021Q2 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
4108000 USD
CY2021Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
31553000 USD
CY2021Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
32757000 USD
CY2021Q1 pstg Accrued Expenses And Other Liabilities Current
AccruedExpensesAndOtherLiabilitiesCurrent
61754000 USD
CY2021Q2 pstg Accrued Expenses And Other Liabilities Current
AccruedExpensesAndOtherLiabilitiesCurrent
52823000 USD
CY2020Q1 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
139204000 USD
CY2021Q1 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
187924000 USD
CY2020Q2 pstg Contract With Customer Liability Increase From Additions
ContractWithCustomerLiabilityIncreaseFromAdditions
29762000 USD
CY2021Q2 pstg Contract With Customer Liability Increase From Additions
ContractWithCustomerLiabilityIncreaseFromAdditions
29189000 USD
CY2020Q2 pstg Contract With Customer Liability Revenue Recognized Total
ContractWithCustomerLiabilityRevenueRecognizedTotal
26603000 USD
CY2021Q2 pstg Contract With Customer Liability Revenue Recognized Total
ContractWithCustomerLiabilityRevenueRecognizedTotal
31238000 USD
CY2020Q2 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
142363000 USD
CY2021Q2 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
185875000 USD
CY2021Q2 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
185900000 USD
CY2021Q2 pstg Expected Commission Percent
ExpectedCommissionPercent
0.30
CY2021Q2 pstg Impairment Of Capitalized Commissions
ImpairmentOfCapitalizedCommissions
0 USD
CY2020Q2 pstg Impairment Of Capitalized Commissions
ImpairmentOfCapitalizedCommissions
0 USD
CY2021Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
145100000 USD
CY2021Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1129200000 USD
CY2021Q2 pstg Revenue Remaining Performance Obligation Percentage Recognized In Net12 Months
RevenueRemainingPerformanceObligationPercentageRecognizedInNet12Months
0.44
CY2021Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2018Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
12900000 USD
CY2021Q2 us-gaap Share Price
SharePrice
20.22
CY2021Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
6700000 USD
CY2021Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
6700000 USD
CY2020Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
8749000 USD
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
9756000 USD
CY2020Q2 us-gaap Variable Lease Cost
VariableLeaseCost
2651000 USD
CY2021Q2 us-gaap Variable Lease Cost
VariableLeaseCost
1995000 USD
CY2020Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1507000 USD
CY2021Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1101000 USD
CY2020Q2 us-gaap Lease Cost
LeaseCost
12907000 USD
CY2021Q2 us-gaap Lease Cost
LeaseCost
12852000 USD
CY2021Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y
CY2021Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0574
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
31804000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
37777000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
32170000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
27488000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
19322000 USD
CY2021Q2 pstg Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
24371000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
172932000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
24742000 USD
CY2021Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
148190000 USD
CY2021Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2021Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2021Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2021Q2 pstg Numberof Classesof Stock
NumberofClassesofStock
2 stock_class
CY2021Q1 pstg Stock Repurchase Program Additional Authorized Amount
StockRepurchaseProgramAdditionalAuthorizedAmount
200000000.0 USD
CY2021Q2 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
1383069 shares
CY2021Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
21.69
CY2021Q2 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
30000000.0 USD
CY2021Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
170000000.0 USD
CY2021Q2 pstg Number Of Equity Compensation Plans
NumberOfEquityCompensationPlans
2 plan
CY2021Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P10Y
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
18558974 shares
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
9.60
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y3M18D
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
251503000 USD
CY2021Q2 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1330998 shares
CY2021Q2 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
5.91
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
42310 shares
CY2021Q2 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
11.49
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
17185666 shares
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
9.88
CY2021Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y1M6D
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
178086000 USD
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
15177675 shares
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
10.30
CY2021Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y8M12D
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
150613000 USD
CY2021Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
14700000 USD
CY2020Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
58694000 USD
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
61334000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-90594000 USD
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-84206000 USD
CY2020Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
262935000 shares
CY2021Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
280331000 shares
CY2020Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.34
CY2021Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.30
CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
79371000 shares
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
74136000 shares
CY2020Q2 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
6231000 USD
CY2021Q2 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
2774000 USD
CY2020Q2 us-gaap Interest Expense
InterestExpense
7151000 USD
CY2021Q2 us-gaap Interest Expense
InterestExpense
8659000 USD
CY2020Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-2386000 USD
CY2021Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
36000 USD
CY2020Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-110000 USD
CY2021Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1122000 USD
CY2020Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-3416000 USD
CY2021Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-4727000 USD
CY2021Q2 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2021Q2 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2021Q2 pstg Number Of Segment Managers
NumberOfSegmentManagers
0 manager
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
367119000 USD
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
412707000 USD
CY2021Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
163041000 USD
CY2021Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
172381000 USD

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