Document_and_Entity_Informatio
Document and Entity Information Document | 6 Months Ended | |
Jun. 30, 2014 | Jul. 31, 2014 | |
Document and Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'FIREEYE, INC. | ' |
Entity Central Index Key | '0001370880 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Non-accelerated Filer | ' |
Document Type | '10-Q | ' |
Document Period End Date | 30-Jun-14 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q2 | ' |
Amendment Flag | 'false | ' |
Entity Common Stock, Shares Outstanding (in shares) | ' | 148,936,749 |
Condensed_Consolidated_Balance
Condensed Consolidated Balance Sheets (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Current assets: | ' | ' |
Cash and cash equivalents | $171,620 | $173,918 |
Short-term investments | 292,874 | 0 |
Accounts receivable | 108,039 | 95,772 |
Inventories | 5,198 | 5,663 |
Deferred tax assets, current portion | 21,712 | 14,584 |
Prepaid expenses and other current assets | 31,879 | 25,230 |
Total current assets | 631,322 | 315,167 |
Property and equipment, net | 78,390 | 64,765 |
Goodwill | 750,132 | 706,327 |
Intangible assets, net | 284,793 | 281,377 |
Deposits and other long-term assets | 10,035 | 8,677 |
TOTAL ASSETS | 1,754,672 | 1,376,313 |
CURRENT LIABILITIES: | ' | ' |
Accounts payable | 36,343 | 34,128 |
Accrued and other current liabilities | 23,273 | 17,677 |
Accrued compensation | 52,728 | 41,625 |
Deferred revenue, current portion | 136,808 | 110,535 |
Total current liabilities | 249,152 | 203,965 |
Deferred revenue, non-current portion | 95,199 | 76,979 |
Deferred tax liabilities, non-current portion | 41,044 | 45,147 |
Other long-term liabilities | 5,580 | 2,120 |
Total liabilities | 390,975 | 328,211 |
Commitments and contingencies (NOTE 8) | ' | ' |
Stockholders' equity: | ' | ' |
Common stock, par value of $0.0001 per share; 1,000,000 shares authorized, 148,822 shares and 137,758 shares issued and outstanding as of June 30, 2014 and December 31, 2013, respectively | 15 | 14 |
Additional paid-in capital | 1,805,328 | 1,271,590 |
Accumulated other comprehensive loss | -110 | 0 |
Accumulated deficit | -441,536 | -223,502 |
Total stockholders’ equity | 1,363,697 | 1,048,102 |
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $1,754,672 | $1,376,313 |
Condensed_Consolidated_Balance1
Condensed Consolidated Balance Sheets Parenthetical (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
Statement of Financial Position [Abstract] | ' | ' |
Common stock, par value (usd per share) | $0.00 | $0.00 |
Common stock, shares authorized (shares) | 1,000,000,000 | 1,000,000,000 |
Common stock, shares issued (shares) | 148,822,000 | 137,758,000 |
Common stock, shares outstanding (shares) | 148,822,000 | 137,758,000 |
Condensed_Consolidated_Stateme
Condensed Consolidated Statements of Operations (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Revenue: | ' | ' | ' | ' |
Product | $37,683 | $17,240 | $61,935 | $32,228 |
Subscription and services | 56,806 | 15,982 | 106,534 | 29,410 |
Total revenue | 94,489 | 33,222 | 168,469 | 61,638 |
Cost of revenue: | ' | ' | ' | ' |
Product | 13,749 | 5,804 | 24,075 | 10,766 |
Subscription and services | 27,831 | 4,482 | 52,798 | 6,402 |
Total cost of revenue | 41,580 | 10,286 | 76,873 | 17,168 |
Total gross profit | 52,909 | 22,936 | 91,596 | 44,470 |
Operating expenses: | ' | ' | ' | ' |
Research and development | 53,408 | 14,016 | 95,378 | 24,078 |
Sales and marketing | 94,591 | 37,594 | 171,445 | 66,163 |
General and administrative | 31,931 | 10,370 | 59,031 | 17,681 |
Total operating expenses | 179,930 | 61,980 | 325,854 | 107,922 |
Operating loss | -127,021 | -39,044 | -234,258 | -63,452 |
Interest income | 183 | 48 | 228 | 52 |
Interest expense | -4 | -132 | -11 | -276 |
Other expense, net | -329 | -723 | -383 | -2,923 |
Loss before income taxes | -127,171 | -39,851 | -234,424 | -66,599 |
Provision for (benefit from) income taxes | -10,348 | 384 | -16,390 | 597 |
Net loss attributable to common stockholders | ($116,823) | ($40,235) | ($218,034) | ($67,196) |
Net loss per share attributable to common stockholders, basic and diluted (usd per share) | ($0.82) | ($2.15) | ($1.58) | ($3.98) |
Weighted average shares used in computing net loss per share attributable to common stockholders, basic and diluted (shares) | 141,895 | 18,704 | 137,939 | 16,877 |
Condensed_Consolidated_Stateme1
Condensed Consolidated Statement of Comprehensive Loss Statement (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Statement of Comprehensive Income [Abstract] | ' | ' | ' | ' |
Net loss | ($116,823) | ($40,235) | ($218,034) | ($67,196) |
Other comprehensive loss, net of tax: | ' | ' | ' | ' |
Change in net unrealized loss on available-for-sale investments | 28 | 0 | -110 | 0 |
Comprehensive loss | ($116,795) | ($40,235) | ($218,144) | ($67,196) |
Condensed_Consolidated_Stateme2
Condensed Consolidated Statements of Cash Flows (USD $) | 6 Months Ended | |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' |
Net loss | ($218,034) | ($67,196) |
Adjustments to reconcile net loss to net cash used in operating activities: | ' | ' |
Depreciation and amortization | 42,726 | 7,095 |
Stock-based compensation expense | 63,447 | 7,530 |
Deferred income taxes | -18,960 | 0 |
Other | 183 | 3,017 |
Changes in operating assets and liabilities, net of acquisition of business: | ' | ' |
Accounts receivable | -11,660 | 2,052 |
Inventories | 729 | -1,168 |
Prepaid expenses and other assets | -3,084 | -5,013 |
Accounts payable | -7,103 | 8,207 |
Accrued liabilities | 8,747 | 1,310 |
Accrued compensation | 10,834 | 4,949 |
Deferred revenue | 44,193 | 26,180 |
Other long-term liabilities | 3,460 | 338 |
Net cash used in operating activities | -84,522 | -12,699 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' |
Purchases of property and equipment and demonstration units | -31,469 | -22,055 |
Purchases of marketable securities | -302,531 | 0 |
Maturities of marketable securities | 8,000 | 0 |
Acquisition of business, net of cash acquired | -55,058 | 0 |
Lease deposits | -403 | -1,597 |
Net cash used in investing activities | -381,461 | -23,652 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' |
Net proceeds from issuance of stock | 445,280 | 10,318 |
Borrowings from line of credit | 0 | 10,000 |
Repayment of term loan | 0 | -2,147 |
Proceeds from exercise of equity awards | 18,405 | 4,771 |
Repayment of notes receivable from stockholders | 0 | 7,294 |
Net cash provided by financing activities | 463,685 | 30,236 |
Net change in cash and cash equivalents | -2,298 | -6,115 |
Cash and cash equivalents, beginning of year | 173,918 | 60,200 |
Cash and cash equivalents, end of year | 171,620 | 54,085 |
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | ' | ' |
Cash paid for interest | 11 | 284 |
Cash paid for income taxes | 1,172 | 234 |
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES: | ' | ' |
Accrued follow-on public offering costs | 984 | 0 |
Purchases of property and equipment and demonstration units in accounts payable and accrued liabilities | $11,971 | $7,971 |
Description_of_Business_and_Su
Description of Business and Summary of Significant Accounting Policies (Notes) | 6 Months Ended |
Jun. 30, 2014 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Description of Business and Summary of Significant Accounting Policies | ' |
Description of Business and Summary of Significant Accounting Policies | |
Description of Business | |
FireEye, Inc., with principal executive offices located in Milpitas, California, was incorporated as NetForts, Inc. on February 18, 2004, under the laws of the State of Delaware, and changed its name to FireEye, Inc. on September 7, 2005. | |
FireEye, Inc. and its wholly owned subsidiaries (collectively, the “Company”, “we”, “us” or “our”) is a leader in stopping advanced cyber attacks that use advanced malware, zero-day exploits, and APT (“Advanced Persistent Threat”) tactics. Our solutions supplement traditional and next-generation firewalls, Intrusion Prevention Systems ("IPS”), anti-virus, and gateways, which cannot stop advanced threats, leaving security holes in networks. We offer a solution that detects and blocks attacks across both Web and email threat vectors as well as latent malware resident on file shares. Our solutions address all stages of an attack lifecycle with a signature-less engine utilizing stateful attack analysis to detect zero-day threats. | |
In March 2014, we completed our follow-on public offering in which we issued and sold 5,582,215 shares of common stock at a price of $82.00 per share. We received aggregate proceeds of $446.5 million from the sale of shares of common stock, net of underwriters’ discounts and commissions of $11.2 million, but before deducting paid and unpaid offering expenses of approximately $2.2 million. Another 8,417,785 shares were sold by certain selling stockholders, which included 796,846 shares sold pursuant to the exercise of the vested outstanding options by our employees. We did not receive any of the proceeds from the sales of shares by the selling stockholders. | |
We sell the majority of our products, subscriptions and services to end-customers through distributors, resellers, and strategic partners, with a lesser percentage of sales directly to end-customers. | |
Basis of Presentation and Consolidation | |
The accompanying unaudited condensed consolidated financial statements include the accounts of FireEye, Inc. and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. | |
The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"), and following the requirements of the Securities and Exchange Commission ("SEC"), for interim reporting. As permitted under those rules, certain footnotes or other financial information that are normally required by U.S. GAAP can be condensed or omitted. These financial statements have been prepared on the same basis as our annual financial statements and, in the opinion of management, reflect all adjustments, consisting only of normal recurring adjustments, that are necessary for a fair statement of our financial information. The results of operations for the three and six months ended June 30, 2014 are not necessarily indicative of the results to be expected for the year ending December 31, 2014 or for any other interim period or for any other future year. The balance sheet as of December 31, 2013 has been derived from audited consolidated financial statements at that date but does not include all of the information required by U.S. GAAP for annual consolidated financial statements. | |
The accompanying condensed consolidated financial statements and related financial information should be read in conjunction with the audited consolidated financial statements and the related notes thereto for the year ended December 31, 2013 included in our Annual Report on Form 10-K, which was filed with the SEC on March 3, 2014. | |
Use of Estimates | |
The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Such management estimates include, but are not limited to, the best estimate of selling price for our products and services, commissions expense, future taxable income, contract manufacturer liabilities, litigation and settlement costs and other loss contingencies, fair value of our common and preferred stock, stock options and preferred stock warrant liability, and the purchase price allocation of acquired businesses. We base our estimates on historical experience and also on assumptions that we believe are reasonable. Changes in facts or circumstances may cause us to change our assumptions and estimates in future periods, and it is possible that actual results could differ from current or revised future estimates. | |
Summary of Significant Accounting Policies | |
There have been no significant changes to our significant accounting policies as of and for the three and six months ended June 30, 2014, as compared to the significant accounting policies described in our Annual Report on Form 10-K for the year ended December 31, 2013, except for the inclusion of a new policy related to short-term investments. | |
Short-term Investments | |
We classify our investments in debt and equity securities as available-for-sale, and record these investments at fair value. Investments with an original maturity of three months or less at the date of purchase are considered cash equivalents, while all other investments are classified as short-term or long-term based on the nature of the investments, their maturities, and their availability for use in current operations. Unrealized gains and losses are reported as a component of other comprehensive loss. Realized gains and losses are determined based on the specific identification method, and are reflected in earnings. We regularly review our investment portfolio to identify and evaluate investments that have indicators of possible impairment. Factors considered in determining whether a loss is other-than-temporary include, but are not limited to: the length of time and extent a security’s fair value has been below its cost, the financial condition and near-term prospects of the investee, the credit quality of the security’s issuer, likelihood of recovery and our intent and ability to hold the security for a period of time sufficient to allow for any anticipated recovery in value. For our debt instruments, we also evaluate whether we have the intent to sell the security or it is more likely than not that we will be required to sell the security before recovery of its cost basis. | |
Investments are considered to be impaired when a decline in fair value is judged to be other-than-temporary. Fair value is calculated based on publicly available market information or other estimates determined by management. If the cost of an investment exceeds its fair value, we evaluate, among other factors, general market conditions, credit quality of debt instrument issuers, the duration and extent to which the fair value is less than cost, and whether we have plans to sell the security, or it is more likely than not that we will be required to sell the security, before recovery. Once a decline in fair value is determined to be other-than-temporary, an impairment charge is recorded to other income (expense) and a new cost basis in the investment is established. | |
Revenue Recognition | |
We generate revenue from the sales of products, subscriptions and support and maintenance, and professional services through our indirect relationships with our partners as well as end customers through our direct sales force. Our products include operating system software that is integrated into the appliance hardware and is deemed essential to its functionality. As a result, we account for revenue in accordance with Accounting Standards Codification 605, Revenue Recognition, and all related interpretations as all our security appliance deliverables include proprietary operating system software, which together deliver the essential functionality of our products. Our professional service consists primarily of time and materials based contracts, and the revenue is recognized as costs are incurred at amounts represented by the agreed-upon billing amounts. Revenue from fixed-price professional services engagements are recognized under the proportional performance method of accounting. | |
In June 2014, we started shipping all Email Threat Prevention appliances with software which allows customers to benefit from the product without the associated subscription services. Consistent with our Web and File Threat Prevention products, revenue therefore is recognized at the time of shipment. | |
Recent Accounting Pronouncements | |
In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606). This standard provides a single model for revenue arising from contracts with customers and supersedes current revenue recognition guidance. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance is effective for us beginning in the first quarter of 2017. Early adoption is not permitted. The guidance permits companies to either apply the requirements retrospectively to all prior periods presented, or apply the requirements in the year of adoption, through a cumulative adjustment. We are currently evaluating the impact the adoption will have on our consolidated financial statements and related disclosures. |
Fair_Value_Measurements_Notes
Fair Value Measurements (Notes) | 6 Months Ended | |||||||||||||||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||||||||||||||||
Fair Value Measurements | ' | |||||||||||||||||||||||||||||||
Fair Value Measurements | ||||||||||||||||||||||||||||||||
Fair Value Measurements | ||||||||||||||||||||||||||||||||
The accounting guidance for fair value measurements provides a framework for measuring fair value on either a recurring or nonrecurring basis, whereby the inputs used in our valuation techniques are assigned a hierarchical level. The following are the three levels of inputs to measure fair value: | ||||||||||||||||||||||||||||||||
•Level 1: Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets. | ||||||||||||||||||||||||||||||||
• | Level 2: Inputs that reflect quoted prices for identical assets or liabilities in less active markets; quoted prices for similar assets or liabilities in active markets; benchmark yields, reported trades, broker/dealer quotes, inputs other than quoted prices that are observable for the assets or liabilities; or inputs that are derived principally from or corroborated by observable market data by correlation or other means. | |||||||||||||||||||||||||||||||
• | Level 3: Unobservable inputs that reflect our own assumptions incorporated in valuation techniques used to measure fair value. These assumptions are required to be consistent with market participant assumptions that are reasonably available. | |||||||||||||||||||||||||||||||
We consider an active market to be one in which transactions for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis, and consider an inactive market to be one in which there are infrequent or few transactions for the asset or liability, the prices are not current, or price quotations vary substantially either over time or among market makers. Where appropriate, our own or the counterparty’s non-performance risk is considered in measuring the fair values of assets. | ||||||||||||||||||||||||||||||||
The following table presents our assets measured at fair value on a recurring basis using the above input categories (in thousands): | ||||||||||||||||||||||||||||||||
As of June 30, 2014 | As of December 31, 2013 | |||||||||||||||||||||||||||||||
Description | Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||||||||||
Assets | ||||||||||||||||||||||||||||||||
Cash equivalents: | ||||||||||||||||||||||||||||||||
Money market funds | $ | 110,540 | $ | — | $ | — | $ | 110,540 | $ | 132,518 | $ | — | $ | — | $ | 132,518 | ||||||||||||||||
Commercial paper | — | 2,500 | — | 2,500 | — | — | — | — | ||||||||||||||||||||||||
U.S. Government agencies | — | 3,500 | — | 3,500 | — | — | — | — | ||||||||||||||||||||||||
Total cash equivalents | $ | 110,540 | $ | 6,000 | $ | — | $ | 116,540 | $ | 132,518 | $ | — | $ | — | $ | 132,518 | ||||||||||||||||
Short-term investments: | ||||||||||||||||||||||||||||||||
Certificates of deposit | — | 4,076 | — | 4,076 | — | — | — | — | ||||||||||||||||||||||||
Commercial paper | — | 2,749 | — | 2,749 | — | — | — | — | ||||||||||||||||||||||||
Corporate notes and bonds | — | 147,062 | — | 147,062 | — | — | — | — | ||||||||||||||||||||||||
U.S. Government agencies | — | 138,987 | — | 138,987 | — | — | — | — | ||||||||||||||||||||||||
Total short-term investments | $ | — | $ | 292,874 | $ | — | $ | 292,874 | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||
Total assets measured at fair value | $ | 110,540 | $ | 298,874 | $ | — | $ | 409,414 | $ | 132,518 | $ | — | $ | — | $ | 132,518 | ||||||||||||||||
ShortTerm_Investments_Notes
Short-Term Investments (Notes) | 6 Months Ended | |||||||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | |||||||||||||||||||||||
Short-Term Investments | ' | |||||||||||||||||||||||
Short-Term Investments | ||||||||||||||||||||||||
Our investments consisted of the following as of June 30, 2014 (in thousands): | ||||||||||||||||||||||||
Available-for-Sale Securities | ||||||||||||||||||||||||
Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Estimated Fair Value | Cash and Cash Equivalents | Short-term investment | |||||||||||||||||||
Certificates of deposit | $ | 4,080 | — | $ | (4 | ) | $ | 4,076 | $ | — | $ | 4,076 | ||||||||||||
Commercial paper | 5,248 | 1 | — | 5,249 | 2,500 | 2,749 | ||||||||||||||||||
Corporate notes and bonds | 147,117 | 25 | (80 | ) | 147,062 | — | 147,062 | |||||||||||||||||
U.S. Treasuries & U.S. Government Agencies | 142,539 | 1 | (53 | ) | 142,487 | 3,500 | 138,987 | |||||||||||||||||
Total | $ | 298,984 | $ | 27 | $ | (137 | ) | $ | 298,874 | $ | 6,000 | $ | 292,874 | |||||||||||
The following table presents our investments that had gross unrealized losses, the duration of which was less than twelve months, as of June 30, 2014 (in thousands): | ||||||||||||||||||||||||
Total | ||||||||||||||||||||||||
Estimated Fair Value | Unrealized Loss | |||||||||||||||||||||||
Certificates of deposit | $ | 4,076 | $ | (4 | ) | |||||||||||||||||||
Corporate notes and bonds | 96,811 | (80 | ) | |||||||||||||||||||||
U.S. Treasuries & U.S. Government Agencies | 93,817 | (53 | ) | |||||||||||||||||||||
Total | $ | 194,704 | $ | (137 | ) | |||||||||||||||||||
There were no investments with unrealized losses for twelve months or greater as of June 30, 2014. | ||||||||||||||||||||||||
Unrealized losses related to these investments are due to interest rate fluctuations as opposed to credit quality. In addition, we do not intend to sell, and it is not more likely than not that we would be required to sell, these investments before recovery of their cost basis. As a result, there is no other-than-temporary impairment for these investments as of June 30, 2014. | ||||||||||||||||||||||||
The following table summarizes the contractual maturities of our investments at June 30, 2014 (in thousands): | ||||||||||||||||||||||||
Amortized Cost | Fair Value | |||||||||||||||||||||||
Due within one year | $ | 160,586 | $ | 160,571 | ||||||||||||||||||||
Due within one to two years | 138,398 | 138,303 | ||||||||||||||||||||||
Total | $ | 298,984 | $ | 298,874 | ||||||||||||||||||||
All available-for-sale securities have been classified as current, based on management's intent and ability to use the funds in current operations. |
Property_and_Equipment_Notes
Property and Equipment (Notes) | 6 Months Ended | |||||||
Jun. 30, 2014 | ||||||||
Property, Plant and Equipment [Abstract] | ' | |||||||
Property and Equipment | ' | |||||||
Property and Equipment | ||||||||
Property and equipment, net consisted of the following as of the dates below (in thousands): | ||||||||
As of June 30, | As of December 31, | |||||||
2014 | 2013 | |||||||
Computer equipment and software | $ | 71,127 | $ | 57,403 | ||||
Leasehold improvements | 26,756 | 15,660 | ||||||
Furniture and fixtures | 9,931 | 6,035 | ||||||
Machinery and equipment | 447 | 756 | ||||||
Total property and equipment | 108,261 | 79,854 | ||||||
Less: accumulated depreciation | (29,871 | ) | (15,089 | ) | ||||
Total property and equipment, net | $ | 78,390 | $ | 64,765 | ||||
Depreciation and amortization expense related to property and equipment and demonstration units during the three months ended June 30, 2014 and 2013 was $10.2 million and $3.6 million, respectively. Depreciation and amortization expense related to property and equipment and demonstration units during the six months ended June 30, 2014 and 2013 was $19.9 million and $6.6 million, respectively. |
Business_Combinations_Notes
Business Combinations (Notes) | 6 Months Ended | |||||||
Jun. 30, 2014 | ||||||||
Business Combinations [Abstract] | ' | |||||||
Business Combinations | ' | |||||||
Business Combinations | ||||||||
On May 9, 2014, we acquired all outstanding shares of privately held nPulse Technologies, Inc. (“nPulse”), a performance leader in network forensics based in Charlottesville, Virginia. The acquisition of nPulse strengthens our position as a leader in advanced threat detection and incident response management solutions. | ||||||||
The total purchase consideration of $56.6 million consisted of $55.2 million in cash, $0.1 million of equity awards assumed, and 54,319 shares of our common stock, with a fair value of $1.3 million which will vest upon the achievement of milestones. The number of shares was fixed at the completion of the acquisition, and is the maximum number of shares that can vest over a period of approximately three and half years from the acquisition date. | ||||||||
The acquisition of nPulse was accounted for in accordance with the acquisition method of accounting for business combinations with FireEye as the accounting acquirer. We expensed the related acquisition costs of $0.5 million in general and administrative expenses. Under the purchase method of accounting, the total purchase consideration is allocated to the preliminary tangible and identifiable intangible assets acquired and liabilities assumed based on their estimated fair values. The total purchase price was allocated using information currently available to us. As a result, we may continue to adjust the preliminary purchase price allocation after obtaining more information regarding asset valuations, liabilities assumed, and revisions of preliminary estimates. Total allocation of the preliminary purchase price allocation is as follows (in thousands): | ||||||||
Amount | ||||||||
Net tangible liabilities assumed | $ | (1,833 | ) | |||||
Intangible assets | 24,700 | |||||||
Deferred tax asset | 442 | |||||||
Deferred tax liability | (8,235 | ) | ||||||
Goodwill | 41,538 | |||||||
Total preliminary purchase price allocation | $ | 56,612 | ||||||
None of the goodwill is expected to be deductible for U.S. federal income tax purposes. | ||||||||
Intangible assets consist primarily of developed technology, customer relationships and in-process research and development. Developed technology intangible includes a combination of patented and unpatented technology, trade secrets, computer software and research processes that represent the foundation for the existing and planned new products and services. Customer relationships intangible relates to nPulse’s ability to sell existing, in-process and future products and services to its existing and potential customers. The in-process research and development intangible represents the estimated fair value of acquired research projects which have not reached technological feasibility at acquisition date but are expected to be developed into products and services within one year of the acquisition date. The preliminary estimated useful life and fair values of the identifiable intangible assets are as follows (in thousands): | ||||||||
Preliminary Estimated Useful Life (in years) | Amount | |||||||
Developed technology | 6 | $ | 10,100 | |||||
Customer relationships | 8 | 8,000 | ||||||
In-process research and development | N/A | 6,600 | ||||||
Total | $ | 24,700 | ||||||
The results of operations of nPulse have been included in our condensed consolidated statements of operations from the acquisition date. Revenue and net income from nPulse through June 30, 2014 were not material. Pro forma results of operations have not been presented because the acquisition was not material to our results of operations. | ||||||||
On December 30, 2013, we acquired privately held Mandiant Corporation (“Mandiant”), a leading provider of advanced end point security products and security incident response management solutions. | ||||||||
The purchase price allocation for the acquisition of Mandiant will be finalized in calendar year 2014. The following is the total preliminary purchase price allocation of the estimated purchase consideration based on the available information as of June 30, 2014 (in thousands): | ||||||||
Amount | ||||||||
Net tangible assets | $ | 9,797 | ||||||
Intangible assets | 276,200 | |||||||
Deferred tax liability | (90,105 | ) | ||||||
Goodwill | 704,898 | |||||||
Total preliminary purchase price allocation | $ | 900,790 | ||||||
The preliminary estimated useful life and fair values of the identifiable intangible assets as of June 30, 2014 are as follows (in thousands): | ||||||||
Preliminary Estimated Useful Life (in years) | Amount | |||||||
Developed technology | 6-Apr | $ | 54,600 | |||||
In-process research and development | N/A | 1,400 | ||||||
Content | 10 | 128,600 | ||||||
Customer relationships | 8 | 65,400 | ||||||
Contract backlog | 3-Jan | 13,800 | ||||||
Trade names | 4 | 12,400 | ||||||
Total | $ | 276,200 | ||||||
Goodwill and Purchased Intangible Assets | ||||||||
The changes in the carrying amount of goodwill for the six months ended June 30, 2014 are as follows (in thousands): | ||||||||
Amount | ||||||||
Balance as of December 31, 2013 | $ | 706,327 | ||||||
Acquisitions and adjustments | 43,805 | |||||||
Balance as of June 30, 2014 | $ | 750,132 | ||||||
Purchased intangible assets consisted of the following as of the dates below (in thousands): | ||||||||
As of June 30, 2014 | As of December 31, 2013 | |||||||
Developed technology | $ | 70,393 | $ | 60,093 | ||||
Content | 128,600 | 128,500 | ||||||
Customer relationships | 75,300 | 67,900 | ||||||
Contract backlog | 13,800 | 12,600 | ||||||
Trade names | 12,400 | 12,400 | ||||||
Total intangible assets subject to amortization | 300,493 | 281,493 | ||||||
Less: accumulated amortization | (23,500 | ) | (1,516 | ) | ||||
Net intangible assets subject to amortization | 276,993 | 279,977 | ||||||
In-process research and development | 7,800 | 1,400 | ||||||
Total net intangible assets | $ | 284,793 | $ | 281,377 | ||||
Amortization expense of intangible assets for the three months ended June 30, 2014 and 2013 was $11.2 million and $0.3 million, respectively. Amortization expense of intangible assets for the six months ended June 30, 2014 and 2013 was $22.0 million and $0.5 million, respectively. | ||||||||
The expected annual amortization expense of intangible assets as of June 30, 2014 is presented below (in thousands): | ||||||||
Years Ending December 31, | Intangible Assets | |||||||
2014 (remaining six months) | $ | 22,955 | ||||||
2015 | 45,114 | |||||||
2016 | 44,496 | |||||||
2017 | 38,553 | |||||||
2018 | 27,608 | |||||||
2019 and thereafter | 98,267 | |||||||
Total intangible assets subject to amortization | 276,993 | |||||||
Total intangible assets with indefinite lives | 7,800 | |||||||
Total | $ | 284,793 | ||||||
Out of Period Adjustments | ||||||||
During the three months ended March 31, 2014, we made adjustments to correct errors related to the purchase of Mandiant, which resulted in an increase in additional paid-in capital of $3.1 million, an increase in intangible assets of approximately $0.7 million, a decrease in current liabilities of $0.2 million and an increase in goodwill of approximately $2.2 million. Because these errors, both individually and in the aggregate, were not material to any of the prior years’ financial statements and the impact of correcting these errors in the current period is not material to the March 31, 2014 condensed consolidated financial statements, we recorded the correction of these errors in the March 31, 2014 condensed consolidated financial statements. The impact of correcting these errors is also not material to the June 30, 2014 condensed consolidated financial statements. |
Deferred_Revenue_Notes
Deferred Revenue (Notes) | 6 Months Ended | |||||||
Jun. 30, 2014 | ||||||||
Revenue Recognition [Abstract] | ' | |||||||
Deferred Revenue | ' | |||||||
Deferred Revenue | ||||||||
Deferred revenue consisted of the following as of the dates below (in thousands): | ||||||||
As of June 30, 2014 | As of December 31, 2013 | |||||||
Product, current | $ | 12,871 | $ | 13,823 | ||||
Subscription and services, current | 123,937 | 96,712 | ||||||
Total deferred revenue, current | 136,808 | 110,535 | ||||||
Product, non-current | 7,361 | 6,711 | ||||||
Subscription and services, non-current | 87,838 | 70,268 | ||||||
Total deferred revenue, non-current | 95,199 | 76,979 | ||||||
Total deferred revenue | $ | 232,007 | $ | 187,514 | ||||
Credit_Facility_Notes
Credit Facility (Notes) | 6 Months Ended |
Jun. 30, 2014 | |
Debt Disclosure [Abstract] | ' |
Credit Facility | ' |
Credit Facility | |
We are able to borrow up to $25.0 million under a revolving line of credit facility. There were no amounts borrowed during the six months ended June 30, 2014. The maturity date for the revolving line of credit facility is December 31, 2014. Borrowings under the line of credit are collateralized by all of our assets, excluding intellectual property. The availability of borrowings under the line of credit is subject to certain borrowing base limitations around our outstanding accounts receivable. As of June 30, 2014 and December 31, 2013, there were no amounts outstanding under the revolving line of credit. |
Commitments_and_Contingencies_
Commitments and Contingencies (Notes) | 6 Months Ended | |||
Jun. 30, 2014 | ||||
Commitments and Contingencies Disclosure [Abstract] | ' | |||
Commitments and Contingencies | ' | |||
Commitments and Contingencies | ||||
Leases | ||||
We lease our facilities under various non-cancelable operating leases, which expire through the year ending May 2025. Rent expense is recognized using the straight-line method over the term of the lease. Rent expense was $2.7 million and $0.9 million for the three months ended June 30, 2014 and 2013, respectively. Rent expense was $5.3 million and $1.5 million for the six months ended June 30, 2014 and 2013, respectively. | ||||
The aggregate future non-cancelable minimum rental payments on our operating leases as of June 30, 2014 is presented below (in thousands): | ||||
Years Ending December 31, | Amount | |||
2014 (remaining six months) | $ | 4,533 | ||
2015 | 10,114 | |||
2016 | 7,954 | |||
2017 | 6,934 | |||
2018 | 3,727 | |||
2019 and thereafter | 13,007 | |||
Total | $ | 46,269 | ||
We are party to letters of credit totaling $0.9 million as of June 30, 2014 and December 31, 2013 issued in support of operating leases at several of our facilities. These letters of credit are collateralized by a line with our bank. No amounts have been drawn against these letters of credit. | ||||
Contract Manufacturer Commitments | ||||
Our independent contract manufacturers procure components and assemble our products based on our forecasts. These forecasts are based on estimates of future demand for our products, which are in turn based on historical trends and an analysis from our sales and product marketing organizations, adjusted for overall market conditions. In order to reduce manufacturing lead times and plan for adequate supply, we may issue forecasts and orders for components and products that are non-cancelable. As of June 30, 2014 and December 31, 2013, we had non-cancellable open orders of $21.1 million and $16.7 million, respectively. We are required to record a liability for firm, noncancelable, and unconditional purchase commitments with contract manufacturers and suppliers for quantities in excess of our future demand forecasts. To date we have not been required to accrue any costs for such noncancelable commitments. | ||||
Purchase Obligations | ||||
As of June 30, 2014, we had approximately $10.8 million of non-cancellable firm purchase commitments primarily for purchases of software and services. | ||||
Litigation | ||||
We accrue for contingencies when we believe that a loss is probable and that we can reasonably estimate the amount of any such loss. We have made an assessment of the probability of incurring any such losses and whether or not those losses are estimable. | ||||
On June 20, 2014, a purported stockholder class action lawsuit was filed in the Superior Court of California, County of Santa Clara, against the Company, the members of our Board of Directors, our Chief Financial Officer, and the underwriters of our March 2014 follow-on public offering. On July 17, 2014, a substantially similar lawsuit was filed in the same court against the same defendants. The complaints allege violations of the federal securities laws on behalf of a purported class consisting of purchasers of the Company's common stock pursuant or traceable to the registration statement and prospectus for the follow-on public offering, and seek unspecified compensatory damages and other relief. The Company intends to defend the litigation vigorously. Based on information currently available, the Company has determined that the amount of any possible loss or range of possible loss is not reasonably estimable. | ||||
We are also subject to legal proceedings, claims and litigation, including intellectual property litigation, arising in the ordinary course of business. Such matters are subject to many uncertainties and outcomes and are not predictable with assurance. | ||||
To the extent there is a reasonable possibility that a loss exceeding amounts already recognized may be incurred and the amount of such additional loss would be material, we will either disclose the estimated additional loss or state that such an estimate cannot be made. We do not currently believe that it is reasonably possible that additional losses in connection with litigation arising in the ordinary course of business would be material. | ||||
Indemnification | ||||
Under the indemnification provisions of our standard sales related contracts, we agree to defend our customers against third-party claims asserting infringement of certain intellectual property rights, which may include patents, copyrights, trademarks, or trade secrets, and to pay judgments entered on such claims. Our exposure under these indemnification provisions is generally limited to the total amount paid by our customer under the agreement. However, certain agreements include indemnification provisions that could potentially expose us to losses in excess of the amount received under the agreement. In addition, we indemnify our officers, directors, and certain key employees while they are serving in good faith in such capacities. Through June 30, 2014, there have been no claims under any indemnification provisions. |
Common_Shares_Reserved_for_Iss
Common Shares Reserved for Issuance (Notes) | 6 Months Ended | |||||
Jun. 30, 2014 | ||||||
Equity [Abstract] | ' | |||||
Common Shares Reserved for Issuance | ' | |||||
Common Shares Reserved for Issuance | ||||||
Under our amended and restated certificate of incorporation, we were authorized to issue 1,000,000,000 shares of common stock with a par value of $0.0001 per share as of June 30, 2014 and December 31, 2013. Each share of common stock is entitled to one vote. The holders of common stock are also entitled to receive dividends whenever funds are legally available and when declared by the Board of Directors, subject to the prior rights of holders of all classes of convertible preferred stock outstanding. There were no shares of convertible preferred stock outstanding as of June 30, 2014 or December 31, 2013. | ||||||
As of June 30, 2014 and December 31, 2013, we had reserved shares of common stock for issuance as follows (in thousands): | ||||||
As of June 30, | As of December 31, | |||||
2014 | 2013 | |||||
Reserved under stock award plans | 42,205 | 40,226 | ||||
Warrants to purchase common stock | — | 312 | ||||
ESPP | 3,273 | 2,500 | ||||
Total | 45,478 | 43,038 | ||||
Equity_Award_Plans_Notes
Equity Award Plans (Notes) | 6 Months Ended | ||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||||||
Equity Award Plans | ' | ||||||||||||||||
Equity Award Plans | |||||||||||||||||
We have operated under our 2013 Equity Incentive Plan ("2013 Plan") since our initial public offering ("IPO") in September 2013. Our 2013 Plan provides for the issuance of restricted stock and the granting of options, stock appreciation rights, performance shares, performance units and restricted stock units to our employees, officers, directors, and consultants. Awards granted under the 2013 Plan vest over the periods determined by the Board of Directors or compensation committee of the Board of Directors, generally four years, and stock options granted under the 2013 Plan expire no more than ten years after the date of grant. In the case of an incentive stock option granted to an employee who at the time of grant owns stock representing more than 10% of the total combined voting power of all classes of stock, the exercise price shall be no less than 110% of the fair value per share on the date of grant, and the award shall expire five years from the date of grant. For options granted to any other employee, the per share exercise price shall be no less than 100% of the fair value per share on the date of grant. In the case of non-statutory stock options and options granted to consultants, the per share exercise price shall be no less than 100% of the fair value per share on the date of grant. A total of 14.0 million shares of our common stock was reserved for future grants as of June 30, 2014 under the 2013 Plan. | |||||||||||||||||
Our 2013 Employee Stock Purchase Plan ("ESPP") allows eligible employees to acquire shares of our common stock at 85% of the lower of the fair market value of our common stock on the first trading day of each offering period or on the exercise date. Our ESPP provides for annual increases in the number of shares available for issuance on the first day of each fiscal year beginning in 2014. As of June 30, 2014, an aggregate of 3,272,660 shares of common stock were available for future issuance under our ESPP, including 1,377,575 shares of common stock that became available under the ESPP on January 1, 2014 pursuant to the provisions of the ESPP that automatically increase the share reserve under such plan each year. | |||||||||||||||||
From time to time, we also grant restricted common stock or restricted stock awards outside of our equity incentive plans to certain employees in connection with acquisitions. | |||||||||||||||||
Stock Option Activity | |||||||||||||||||
A summary of the activity for our stock option changes during the reporting periods and a summary of information related to options exercisable, vested, and expected to vest are presented below (in thousands, except per share amounts): | |||||||||||||||||
Options Outstanding | |||||||||||||||||
Number of | Weighted- | Weighted-Average Grant Date Fair Value Per Share | Weighted- | Aggregate | |||||||||||||
Shares | Average | Average | Intrinsic Value | ||||||||||||||
Exercise Price | Contractual | ||||||||||||||||
Life (years) | |||||||||||||||||
Balance— December 31, 2013 | 27,422 | $ | 5.82 | 8.3 | $ | 1,036,224 | |||||||||||
Granted | 667 | 73.14 | $ | 73.14 | |||||||||||||
Exercised | (4,165 | ) | 2.39 | 176,702 | |||||||||||||
Cancelled | (670 | ) | 8.18 | ||||||||||||||
Assumed in acquisition | 63 | 18.35 | |||||||||||||||
Balance— June 30, 2014 | 23,317 | $ | 8.33 | 7.95 | $ | 773,148 | |||||||||||
Options vested and expected to vest—June 30, 2014 | 22,591 | $ | 8.18 | 7.92 | $ | 751,732 | |||||||||||
Options exercisable—June 30, 2014 | 8,437 | $ | 3.07 | 6.81 | $ | 316,243 | |||||||||||
Restricted Stock Award ("RSA") and Restricted Stock Unit ("RSU") Activity | |||||||||||||||||
A summary of restricted stock awards and restricted stock units are presented below (in thousands, except per share amounts): | |||||||||||||||||
Number of Shares | Weighted-Average Grant Date Fair Value Per Share | Weighted- | Aggregate | ||||||||||||||
Average | Intrinsic Value | ||||||||||||||||
Contractual | |||||||||||||||||
Life (years) | |||||||||||||||||
Unvested balance— December 31, 2013 | 3,602 | 1.7 | $ | 157,108 | |||||||||||||
Granted | 4,184 | $ | 48.05 | ||||||||||||||
Vested | (677 | ) | |||||||||||||||
Cancelled/forfeited | (149 | ) | |||||||||||||||
Unvested balance —June 30, 2014 | 6,960 | 1.97 | 282,272 | ||||||||||||||
Expected to vest—June 30, 2014 | 6,416 | 1.97 | $ | 260,164 | |||||||||||||
We issued into escrow 241,362 restricted stock awards, with an estimated fair value of $6.4 million, for certain employees from the nPulse acquisition. These awards will be released from escrow to such employees if specified performance milestones are met within approximately three and a half years from the acquisition date. These awards are also contingent upon the related employees’ continuous employment with us and we have determined that it is probable that such performance milestones will be met. As such, compensation expense is being recorded over the requisite service period of three and half years. These restricted stock awards are reflected within amounts granted in the table above. | |||||||||||||||||
Stock-Based Compensation | |||||||||||||||||
We record stock-based compensation based on fair value of stock options on grant date using the Black-Scholes option-pricing model. We determine the fair value of common shares to be issued under the ESPP using the Black-Scholes option-pricing model. The fair value of restricted stock units and restricted stock awards equals the market value of the underlying stock on the date of grant. We granted performance based restricted stock units and restricted stock awards to certain employees which vest upon the achievement of certain performance conditions, subject to the employees’ continued service relationship with us. We assess the probability of vesting at each reporting period and adjust our compensation cost based on the probability assessment. We recognize such compensation expense on a straight-line basis over the service provider’s requisite service period. | |||||||||||||||||
The following table summarizes the assumptions used in the Black-Scholes option-pricing model to determine fair value of our stock options: | |||||||||||||||||
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Fair value of common stock | $27.89-$33.39 | $7.93-$9.68 | $27.89-$75.87 | $6.05-$10.63 | |||||||||||||
Risk-free interest rate | 1.82% | 0.62%-1.69% | 1.82%-1.96% | 0.6% - 1.7% | |||||||||||||
Expected term (in years) | 6 | 6-Apr | 6 | 6-Apr | |||||||||||||
Volatility | 51% | 51% - 54% | 51% - 53% | 51% - 54% | |||||||||||||
Dividend yield | —% | —% | —% | —% | |||||||||||||
The following table summarizes the assumptions used in the Black-Scholes option-pricing model to determine fair value of our common shares to be issued under the ESPP: | |||||||||||||||||
Three Months Ended June 30, | |||||||||||||||||
2014 | 2013 | ||||||||||||||||
Fair value of common stock | $23.02 | N/A | |||||||||||||||
Risk-free interest rate | 0.05% - 0.09% | N/A | |||||||||||||||
Expected term (in years) | 0.5 - 1.0 | N/A | |||||||||||||||
Volatility | 45.00% | N/A | |||||||||||||||
Dividend yield | —% | N/A | |||||||||||||||
Stock-based compensation expense is included in costs and expenses as follows (in thousands): | |||||||||||||||||
Three Months Ended June 30, | Six Months Ended | ||||||||||||||||
June 30, | |||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Cost of product revenue | $ | 236 | $ | 73 | $ | 381 | $ | 136 | |||||||||
Cost of subscription and services revenue | 3,605 | 401 | 7,025 | 568 | |||||||||||||
Research and development | 7,803 | 1,118 | 12,406 | 2,075 | |||||||||||||
Sales and marketing | 15,923 | 1,254 | 24,611 | 2,094 | |||||||||||||
General and administrative | 10,686 | 1,432 | 19,024 | 2,657 | |||||||||||||
Total | $ | 38,253 | $ | 4,278 | $ | 63,447 | $ | 7,530 | |||||||||
As of June 30, 2014, total compensation cost related to stock-based awards not yet recognized was $338.4 million, net of estimated forfeitures, which is expected to be amortized on a straight-line basis over the weighted-average remaining vesting period of approximately three years. |
Income_Taxes_Notes
Income Taxes (Notes) | 6 Months Ended |
Jun. 30, 2014 | |
Income Tax Disclosure [Abstract] | ' |
Income Taxes | ' |
Income Taxes | |
We account for income taxes under the asset and liability method. Under this method, deferred income tax assets and liabilities are determined based upon the difference between the financial statement carrying amounts and the tax basis of assets and liabilities and are measured using the enacted tax rate expected to apply to taxable income in the years in which the differences are expected to be reversed. | |
Our benefit (expense) for income taxes for the three months ended June 30, 2014 and 2013 reflects an effective tax rate of 8.14% and (0.96)%, respectively. Our benefit (expense) for income taxes for the six months ended June 30, 2014 and 2013 reflects an effective tax rate of 6.99% and (0.90)%, respectively. The tax benefit for the three and six month periods ended June 30, 2014 is primarily due to an increase in U.S. deferred tax assets primarily related to current year operating losses and stock-based compensation for which no U.S. valuation allowance is required. The valuation allowance is not required because of the recording of a deferred tax liability on the acquisition-related intangibles during the three months ended June 30, 2014. In addition the tax benefit was due to reduction in U.S. deferred tax liabilities previously established in purchase accounting, partially offset by foreign and state income tax expense. The tax expense for the three and six months ended June 30, 2013 is primarily due to foreign and state income tax expense. |
Net_Loss_Per_Share_Notes
Net Loss Per Share (Notes) | 6 Months Ended | |||||||||||||||
Jun. 30, 2014 | ||||||||||||||||
Earnings Per Share [Abstract] | ' | |||||||||||||||
Net Loss per Share | ' | |||||||||||||||
Net Loss per Share | ||||||||||||||||
Basic loss per share is calculated by dividing net loss by the weighted average number of common shares outstanding during the period, less shares subject to repurchase, and excludes any dilutive effects of employee share based awards and warrants. Diluted net income per common share is computed giving effect to all potential dilutive common shares, including common stock issuable upon exercise of stock options, and unvested restricted common stock and stock units. As we had net losses for the three and six months ended June 30, 2014 and 2013, all potential common shares were determined to be anti-dilutive. | ||||||||||||||||
The following table sets forth the computation of net loss per common share (in thousands, except per share amounts): | ||||||||||||||||
Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||
Numerator: | ||||||||||||||||
Net loss | $ | (116,823 | ) | $ | (40,235 | ) | $ | (218,034 | ) | $ | (67,196 | ) | ||||
Denominator: | ||||||||||||||||
Weighted average number of shares outstanding—basic and diluted | 141,895 | 18,704 | 137,939 | 16,877 | ||||||||||||
Net loss per share—basic and diluted | $ | (0.82 | ) | $ | (2.15 | ) | $ | (1.58 | ) | $ | (3.98 | ) | ||||
The following outstanding options, unvested shares, warrants, and convertible preferred stock were excluded (as common stock equivalents) from the computation of diluted net loss per common share for the periods presented as their effect would have been antidilutive (in thousands): | ||||||||||||||||
As of June 30, | ||||||||||||||||
2014 | 2013 | |||||||||||||||
Options to purchase common stock | 23,317 | 20,433 | ||||||||||||||
Unvested early exercised common shares | 3,308 | 5,662 | ||||||||||||||
Unvested restricted stock awards and units | 6,960 | 2,081 | ||||||||||||||
Convertible preferred stock | — | 74,221 | ||||||||||||||
Warrants to purchase convertible preferred stock | — | 616 | ||||||||||||||
ESPP shares | 137 | — | ||||||||||||||
Employee_Benefit_Plan_Notes
Employee Benefit Plan (Notes) | 6 Months Ended |
Jun. 30, 2014 | |
Compensation and Retirement Disclosure [Abstract] | ' |
Employee Benefit Plan | ' |
Employee Benefit Plan | |
401(k) Plan | |
We have established a 401(k) tax-deferred savings plan (the “401(k) Plan”) which permits participants to make contributions by salary deduction pursuant to Section 401(k) of the Internal Revenue Code of 1986, as amended. We maintain the 401(k) Plan that provides our eligible employees other than Mandiant employees with an opportunity to save for retirement on a tax-advantaged basis. In addition, we maintain a tax qualified plan for employees of the Mandiant subsidiary that was assumed in the Mandiant acquisition. All participants’ interests in their deferrals are 100% vested when contributed under both 401(k) plans. We have made no matching contributions into our 401(k) plan since inception. The Mandiant 401(k) plan provides for a match of 100% of the first 4% of an eligible employee’s compensation contributed. Matching contributions under the Mandiant 401(k) plan are 100% vested when made. Under both 401(k) plans, pre-tax contributions are allocated to each participant’s individual account and are then invested in selected investment alternatives according to the participants’ directions. Each 401(k) plan is intended to qualify under Sections 401(a) and 501(a) of the Code. As a tax-qualified retirement plan, contributions to each 401(k) plan and earnings on those contributions are not taxable to the employees until distributed from the 401(k) plan, and all contributions are deductible by us when made. Our contributions to the Mandiant 401(k) plan were $0.7 million and $1.4 million for the three and six months ended June 30, 2014, respectively. |
Segment_Information_Notes
Segment Information (Notes) | 6 Months Ended | |||||||||||||||
Jun. 30, 2014 | ||||||||||||||||
Segment Reporting [Abstract] | ' | |||||||||||||||
Segment Information | ' | |||||||||||||||
Segment Information | ||||||||||||||||
We conduct business globally and are primarily managed on a geographic basis. Our chief executive officer, who is our chief operating decision maker, reviews financial information presented on a consolidated basis accompanied by information about revenue by geographic region for purposes of allocating resources and evaluating financial performance. We have one business activity, and there are no segment managers who are held accountable for operations, operating results, and plans for levels, components, or types of products or services below the consolidated unit level. Accordingly, we are considered to be in a single reportable segment and operating unit structure. | ||||||||||||||||
Revenue by geographic region based on the billing address is as follows (in thousands): | ||||||||||||||||
Three Months Ended June 30, | Six Months Ended | |||||||||||||||
June 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||
Revenue: | ||||||||||||||||
United States | $ | 69,636 | $ | 24,618 | $ | 125,364 | $ | 45,358 | ||||||||
EMEA | 14,678 | 4,415 | 23,923 | 8,415 | ||||||||||||
APAC | 6,621 | 2,890 | 12,948 | 5,824 | ||||||||||||
Other | 3,554 | 1,299 | 6,234 | 2,041 | ||||||||||||
Total revenue | $ | 94,489 | $ | 33,222 | $ | 168,469 | $ | 61,638 | ||||||||
Substantially all of our assets were attributable to operations in the United States as of June 30, 2014 and December 31, 2013. |
Description_of_Business_and_Su1
Description of Business and Summary of Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2014 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Basis of Presentation and Consolidation | ' |
Basis of Presentation and Consolidation | |
The accompanying unaudited condensed consolidated financial statements include the accounts of FireEye, Inc. and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. | |
The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"), and following the requirements of the Securities and Exchange Commission ("SEC"), for interim reporting. As permitted under those rules, certain footnotes or other financial information that are normally required by U.S. GAAP can be condensed or omitted. These financial statements have been prepared on the same basis as our annual financial statements and, in the opinion of management, reflect all adjustments, consisting only of normal recurring adjustments, that are necessary for a fair statement of our financial information. The results of operations for the three and six months ended June 30, 2014 are not necessarily indicative of the results to be expected for the year ending December 31, 2014 or for any other interim period or for any other future year. The balance sheet as of December 31, 2013 has been derived from audited consolidated financial statements at that date but does not include all of the information required by U.S. GAAP for annual consolidated financial statements. | |
The accompanying condensed consolidated financial statements and related financial information should be read in conjunction with the audited consolidated financial statements and the related notes thereto for the year ended December 31, 2013 included in our Annual Report on Form 10-K, which was filed with the SEC on March 3, 2014. | |
Use of Estimates | ' |
Use of Estimates | |
The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Such management estimates include, but are not limited to, the best estimate of selling price for our products and services, commissions expense, future taxable income, contract manufacturer liabilities, litigation and settlement costs and other loss contingencies, fair value of our common and preferred stock, stock options and preferred stock warrant liability, and the purchase price allocation of acquired businesses. We base our estimates on historical experience and also on assumptions that we believe are reasonable. Changes in facts or circumstances may cause us to change our assumptions and estimates in future periods, and it is possible that actual results could differ from current or revised future estimates. | |
Short-term Investments | ' |
Short-term Investments | |
We classify our investments in debt and equity securities as available-for-sale, and record these investments at fair value. Investments with an original maturity of three months or less at the date of purchase are considered cash equivalents, while all other investments are classified as short-term or long-term based on the nature of the investments, their maturities, and their availability for use in current operations. Unrealized gains and losses are reported as a component of other comprehensive loss. Realized gains and losses are determined based on the specific identification method, and are reflected in earnings. We regularly review our investment portfolio to identify and evaluate investments that have indicators of possible impairment. Factors considered in determining whether a loss is other-than-temporary include, but are not limited to: the length of time and extent a security’s fair value has been below its cost, the financial condition and near-term prospects of the investee, the credit quality of the security’s issuer, likelihood of recovery and our intent and ability to hold the security for a period of time sufficient to allow for any anticipated recovery in value. For our debt instruments, we also evaluate whether we have the intent to sell the security or it is more likely than not that we will be required to sell the security before recovery of its cost basis. | |
Investments are considered to be impaired when a decline in fair value is judged to be other-than-temporary. Fair value is calculated based on publicly available market information or other estimates determined by management. If the cost of an investment exceeds its fair value, we evaluate, among other factors, general market conditions, credit quality of debt instrument issuers, the duration and extent to which the fair value is less than cost, and whether we have plans to sell the security, or it is more likely than not that we will be required to sell the security, before recovery. Once a decline in fair value is determined to be other-than-temporary, an impairment charge is recorded to other income (expense) and a new cost basis in the investment is established. | |
Revenue Recognition | ' |
Revenue Recognition | |
We generate revenue from the sales of products, subscriptions and support and maintenance, and professional services through our indirect relationships with our partners as well as end customers through our direct sales force. Our products include operating system software that is integrated into the appliance hardware and is deemed essential to its functionality. As a result, we account for revenue in accordance with Accounting Standards Codification 605, Revenue Recognition, and all related interpretations as all our security appliance deliverables include proprietary operating system software, which together deliver the essential functionality of our products. Our professional service consists primarily of time and materials based contracts, and the revenue is recognized as costs are incurred at amounts represented by the agreed-upon billing amounts. Revenue from fixed-price professional services engagements are recognized under the proportional performance method of accounting. | |
Recent Accounting Pronouncements | ' |
Recent Accounting Pronouncements | |
In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606). This standard provides a single model for revenue arising from contracts with customers and supersedes current revenue recognition guidance. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance is effective for us beginning in the first quarter of 2017. Early adoption is not permitted. The guidance permits companies to either apply the requirements retrospectively to all prior periods presented, or apply the requirements in the year of adoption, through a cumulative adjustment. We are currently evaluating the impact the adoption will have on our consolidated financial statements and related disclosures. |
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 6 Months Ended | |||||||||||||||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||||||||||||||||
Schedule of Fair Value of Assets and Liabilities | ' | |||||||||||||||||||||||||||||||
The following table presents our assets measured at fair value on a recurring basis using the above input categories (in thousands): | ||||||||||||||||||||||||||||||||
As of June 30, 2014 | As of December 31, 2013 | |||||||||||||||||||||||||||||||
Description | Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||||||||||
Assets | ||||||||||||||||||||||||||||||||
Cash equivalents: | ||||||||||||||||||||||||||||||||
Money market funds | $ | 110,540 | $ | — | $ | — | $ | 110,540 | $ | 132,518 | $ | — | $ | — | $ | 132,518 | ||||||||||||||||
Commercial paper | — | 2,500 | — | 2,500 | — | — | — | — | ||||||||||||||||||||||||
U.S. Government agencies | — | 3,500 | — | 3,500 | — | — | — | — | ||||||||||||||||||||||||
Total cash equivalents | $ | 110,540 | $ | 6,000 | $ | — | $ | 116,540 | $ | 132,518 | $ | — | $ | — | $ | 132,518 | ||||||||||||||||
Short-term investments: | ||||||||||||||||||||||||||||||||
Certificates of deposit | — | 4,076 | — | 4,076 | — | — | — | — | ||||||||||||||||||||||||
Commercial paper | — | 2,749 | — | 2,749 | — | — | — | — | ||||||||||||||||||||||||
Corporate notes and bonds | — | 147,062 | — | 147,062 | — | — | — | — | ||||||||||||||||||||||||
U.S. Government agencies | — | 138,987 | — | 138,987 | — | — | — | — | ||||||||||||||||||||||||
Total short-term investments | $ | — | $ | 292,874 | $ | — | $ | 292,874 | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||
Total assets measured at fair value | $ | 110,540 | $ | 298,874 | $ | — | $ | 409,414 | $ | 132,518 | $ | — | $ | — | $ | 132,518 | ||||||||||||||||
ShortTerm_Investments_Tables
Short-Term Investments (Tables) | 6 Months Ended | |||||||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | |||||||||||||||||||||||
Summary of Available-for-sale Securities | ' | |||||||||||||||||||||||
Our investments consisted of the following as of June 30, 2014 (in thousands): | ||||||||||||||||||||||||
Available-for-Sale Securities | ||||||||||||||||||||||||
Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Estimated Fair Value | Cash and Cash Equivalents | Short-term investment | |||||||||||||||||||
Certificates of deposit | $ | 4,080 | — | $ | (4 | ) | $ | 4,076 | $ | — | $ | 4,076 | ||||||||||||
Commercial paper | 5,248 | 1 | — | 5,249 | 2,500 | 2,749 | ||||||||||||||||||
Corporate notes and bonds | 147,117 | 25 | (80 | ) | 147,062 | — | 147,062 | |||||||||||||||||
U.S. Treasuries & U.S. Government Agencies | 142,539 | 1 | (53 | ) | 142,487 | 3,500 | 138,987 | |||||||||||||||||
Total | $ | 298,984 | $ | 27 | $ | (137 | ) | $ | 298,874 | $ | 6,000 | $ | 292,874 | |||||||||||
Summary of Unrealized Losses on Investments | ' | |||||||||||||||||||||||
The following table presents our investments that had gross unrealized losses, the duration of which was less than twelve months, as of June 30, 2014 (in thousands): | ||||||||||||||||||||||||
Total | ||||||||||||||||||||||||
Estimated Fair Value | Unrealized Loss | |||||||||||||||||||||||
Certificates of deposit | $ | 4,076 | $ | (4 | ) | |||||||||||||||||||
Corporate notes and bonds | 96,811 | (80 | ) | |||||||||||||||||||||
U.S. Treasuries & U.S. Government Agencies | 93,817 | (53 | ) | |||||||||||||||||||||
Total | $ | 194,704 | $ | (137 | ) | |||||||||||||||||||
Summary of Contractual Maturities | ' | |||||||||||||||||||||||
The following table summarizes the contractual maturities of our investments at June 30, 2014 (in thousands): | ||||||||||||||||||||||||
Amortized Cost | Fair Value | |||||||||||||||||||||||
Due within one year | $ | 160,586 | $ | 160,571 | ||||||||||||||||||||
Due within one to two years | 138,398 | 138,303 | ||||||||||||||||||||||
Total | $ | 298,984 | $ | 298,874 | ||||||||||||||||||||
Property_and_Equipment_Tables
Property and Equipment (Tables) | 6 Months Ended | |||||||
Jun. 30, 2014 | ||||||||
Property, Plant and Equipment [Abstract] | ' | |||||||
Schedule of Property and Equipment | ' | |||||||
Property and equipment, net consisted of the following as of the dates below (in thousands): | ||||||||
As of June 30, | As of December 31, | |||||||
2014 | 2013 | |||||||
Computer equipment and software | $ | 71,127 | $ | 57,403 | ||||
Leasehold improvements | 26,756 | 15,660 | ||||||
Furniture and fixtures | 9,931 | 6,035 | ||||||
Machinery and equipment | 447 | 756 | ||||||
Total property and equipment | 108,261 | 79,854 | ||||||
Less: accumulated depreciation | (29,871 | ) | (15,089 | ) | ||||
Total property and equipment, net | $ | 78,390 | $ | 64,765 | ||||
Business_Combinations_Tables
Business Combinations (Tables) | 6 Months Ended | |||||||
Jun. 30, 2014 | ||||||||
Business Combinations [Abstract] | ' | |||||||
Schedule of Purchase Price | ' | |||||||
Amount | ||||||||
Net tangible liabilities assumed | $ | (1,833 | ) | |||||
Intangible assets | 24,700 | |||||||
Deferred tax asset | 442 | |||||||
Deferred tax liability | (8,235 | ) | ||||||
Goodwill | 41,538 | |||||||
Total preliminary purchase price allocation | $ | 56,612 | ||||||
The following is the total preliminary purchase price allocation of the estimated purchase consideration based on the available information as of June 30, 2014 (in thousands): | ||||||||
Amount | ||||||||
Net tangible assets | $ | 9,797 | ||||||
Intangible assets | 276,200 | |||||||
Deferred tax liability | (90,105 | ) | ||||||
Goodwill | 704,898 | |||||||
Total preliminary purchase price allocation | $ | 900,790 | ||||||
Schedule of Preliminary Acquired Intangible Assets | ' | |||||||
The preliminary estimated useful life and fair values of the identifiable intangible assets as of June 30, 2014 are as follows (in thousands): | ||||||||
Preliminary Estimated Useful Life (in years) | Amount | |||||||
Developed technology | 6-Apr | $ | 54,600 | |||||
In-process research and development | N/A | 1,400 | ||||||
Content | 10 | 128,600 | ||||||
Customer relationships | 8 | 65,400 | ||||||
Contract backlog | 3-Jan | 13,800 | ||||||
Trade names | 4 | 12,400 | ||||||
Total | $ | 276,200 | ||||||
Preliminary Estimated Useful Life (in years) | Amount | |||||||
Developed technology | 6 | $ | 10,100 | |||||
Customer relationships | 8 | 8,000 | ||||||
In-process research and development | N/A | 6,600 | ||||||
Total | $ | 24,700 | ||||||
Schedule of Goodwill | ' | |||||||
The changes in the carrying amount of goodwill for the six months ended June 30, 2014 are as follows (in thousands): | ||||||||
Amount | ||||||||
Balance as of December 31, 2013 | $ | 706,327 | ||||||
Acquisitions and adjustments | 43,805 | |||||||
Balance as of June 30, 2014 | $ | 750,132 | ||||||
Schedule of Purchased Intangible Assets | ' | |||||||
Purchased intangible assets consisted of the following as of the dates below (in thousands): | ||||||||
As of June 30, 2014 | As of December 31, 2013 | |||||||
Developed technology | $ | 70,393 | $ | 60,093 | ||||
Content | 128,600 | 128,500 | ||||||
Customer relationships | 75,300 | 67,900 | ||||||
Contract backlog | 13,800 | 12,600 | ||||||
Trade names | 12,400 | 12,400 | ||||||
Total intangible assets subject to amortization | 300,493 | 281,493 | ||||||
Less: accumulated amortization | (23,500 | ) | (1,516 | ) | ||||
Net intangible assets subject to amortization | 276,993 | 279,977 | ||||||
In-process research and development | 7,800 | 1,400 | ||||||
Total net intangible assets | $ | 284,793 | $ | 281,377 | ||||
Schedule of Expected Future Amortization Expense | ' | |||||||
The expected annual amortization expense of intangible assets as of June 30, 2014 is presented below (in thousands): | ||||||||
Years Ending December 31, | Intangible Assets | |||||||
2014 (remaining six months) | $ | 22,955 | ||||||
2015 | 45,114 | |||||||
2016 | 44,496 | |||||||
2017 | 38,553 | |||||||
2018 | 27,608 | |||||||
2019 and thereafter | 98,267 | |||||||
Total intangible assets subject to amortization | 276,993 | |||||||
Total intangible assets with indefinite lives | 7,800 | |||||||
Total | $ | 284,793 | ||||||
Deferred_Revenue_Tables
Deferred Revenue (Tables) | 6 Months Ended | |||||||
Jun. 30, 2014 | ||||||||
Revenue Recognition [Abstract] | ' | |||||||
Schedule of Deferred Revenue | ' | |||||||
Deferred revenue consisted of the following as of the dates below (in thousands): | ||||||||
As of June 30, 2014 | As of December 31, 2013 | |||||||
Product, current | $ | 12,871 | $ | 13,823 | ||||
Subscription and services, current | 123,937 | 96,712 | ||||||
Total deferred revenue, current | 136,808 | 110,535 | ||||||
Product, non-current | 7,361 | 6,711 | ||||||
Subscription and services, non-current | 87,838 | 70,268 | ||||||
Total deferred revenue, non-current | 95,199 | 76,979 | ||||||
Total deferred revenue | $ | 232,007 | $ | 187,514 | ||||
Commitments_and_Contingencies_1
Commitments and Contingencies (Tables) | 6 Months Ended | |||
Jun. 30, 2014 | ||||
Commitments and Contingencies Disclosure [Abstract] | ' | |||
Schedule of Future Minimum Rental Payments for Operating Leases | ' | |||
The aggregate future non-cancelable minimum rental payments on our operating leases as of June 30, 2014 is presented below (in thousands): | ||||
Years Ending December 31, | Amount | |||
2014 (remaining six months) | $ | 4,533 | ||
2015 | 10,114 | |||
2016 | 7,954 | |||
2017 | 6,934 | |||
2018 | 3,727 | |||
2019 and thereafter | 13,007 | |||
Total | $ | 46,269 | ||
Common_Shares_Reserved_for_Iss1
Common Shares Reserved for Issuance (Tables) | 6 Months Ended | |||||
Jun. 30, 2014 | ||||||
Equity [Abstract] | ' | |||||
Schedule of Stock by Class | ' | |||||
As of June 30, 2014 and December 31, 2013, we had reserved shares of common stock for issuance as follows (in thousands): | ||||||
As of June 30, | As of December 31, | |||||
2014 | 2013 | |||||
Reserved under stock award plans | 42,205 | 40,226 | ||||
Warrants to purchase common stock | — | 312 | ||||
ESPP | 3,273 | 2,500 | ||||
Total | 45,478 | 43,038 | ||||
Equity_Award_Plans_Tables
Equity Award Plans (Tables) | 6 Months Ended | ||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||||||
Schedule of Activity For Options Outstanding | ' | ||||||||||||||||
A summary of the activity for our stock option changes during the reporting periods and a summary of information related to options exercisable, vested, and expected to vest are presented below (in thousands, except per share amounts): | |||||||||||||||||
Options Outstanding | |||||||||||||||||
Number of | Weighted- | Weighted-Average Grant Date Fair Value Per Share | Weighted- | Aggregate | |||||||||||||
Shares | Average | Average | Intrinsic Value | ||||||||||||||
Exercise Price | Contractual | ||||||||||||||||
Life (years) | |||||||||||||||||
Balance— December 31, 2013 | 27,422 | $ | 5.82 | 8.3 | $ | 1,036,224 | |||||||||||
Granted | 667 | 73.14 | $ | 73.14 | |||||||||||||
Exercised | (4,165 | ) | 2.39 | 176,702 | |||||||||||||
Cancelled | (670 | ) | 8.18 | ||||||||||||||
Assumed in acquisition | 63 | 18.35 | |||||||||||||||
Balance— June 30, 2014 | 23,317 | $ | 8.33 | 7.95 | $ | 773,148 | |||||||||||
Options vested and expected to vest—June 30, 2014 | 22,591 | $ | 8.18 | 7.92 | $ | 751,732 | |||||||||||
Options exercisable—June 30, 2014 | 8,437 | $ | 3.07 | 6.81 | $ | 316,243 | |||||||||||
Schedule of Activity for Restricted Stock | ' | ||||||||||||||||
A summary of restricted stock awards and restricted stock units are presented below (in thousands, except per share amounts): | |||||||||||||||||
Number of Shares | Weighted-Average Grant Date Fair Value Per Share | Weighted- | Aggregate | ||||||||||||||
Average | Intrinsic Value | ||||||||||||||||
Contractual | |||||||||||||||||
Life (years) | |||||||||||||||||
Unvested balance— December 31, 2013 | 3,602 | 1.7 | $ | 157,108 | |||||||||||||
Granted | 4,184 | $ | 48.05 | ||||||||||||||
Vested | (677 | ) | |||||||||||||||
Cancelled/forfeited | (149 | ) | |||||||||||||||
Unvested balance —June 30, 2014 | 6,960 | 1.97 | 282,272 | ||||||||||||||
Expected to vest—June 30, 2014 | 6,416 | 1.97 | $ | 260,164 | |||||||||||||
Schedule of Fair Value Assumptions Used for Stock Options | ' | ||||||||||||||||
The following table summarizes the assumptions used in the Black-Scholes option-pricing model to determine fair value of our stock options: | |||||||||||||||||
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Fair value of common stock | $27.89-$33.39 | $7.93-$9.68 | $27.89-$75.87 | $6.05-$10.63 | |||||||||||||
Risk-free interest rate | 1.82% | 0.62%-1.69% | 1.82%-1.96% | 0.6% - 1.7% | |||||||||||||
Expected term (in years) | 6 | 6-Apr | 6 | 6-Apr | |||||||||||||
Volatility | 51% | 51% - 54% | 51% - 53% | 51% - 54% | |||||||||||||
Dividend yield | —% | —% | —% | —% | |||||||||||||
Schedule of Fair Value Assumptions Used for ESPP | ' | ||||||||||||||||
The following table summarizes the assumptions used in the Black-Scholes option-pricing model to determine fair value of our common shares to be issued under the ESPP: | |||||||||||||||||
Three Months Ended June 30, | |||||||||||||||||
2014 | 2013 | ||||||||||||||||
Fair value of common stock | $23.02 | N/A | |||||||||||||||
Risk-free interest rate | 0.05% - 0.09% | N/A | |||||||||||||||
Expected term (in years) | 0.5 - 1.0 | N/A | |||||||||||||||
Volatility | 45.00% | N/A | |||||||||||||||
Dividend yield | —% | N/A | |||||||||||||||
Schedule of Share-based Compensation Expense | ' | ||||||||||||||||
Stock-based compensation expense is included in costs and expenses as follows (in thousands): | |||||||||||||||||
Three Months Ended June 30, | Six Months Ended | ||||||||||||||||
June 30, | |||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Cost of product revenue | $ | 236 | $ | 73 | $ | 381 | $ | 136 | |||||||||
Cost of subscription and services revenue | 3,605 | 401 | 7,025 | 568 | |||||||||||||
Research and development | 7,803 | 1,118 | 12,406 | 2,075 | |||||||||||||
Sales and marketing | 15,923 | 1,254 | 24,611 | 2,094 | |||||||||||||
General and administrative | 10,686 | 1,432 | 19,024 | 2,657 | |||||||||||||
Total | $ | 38,253 | $ | 4,278 | $ | 63,447 | $ | 7,530 | |||||||||
Net_Loss_Per_Share_Tables
Net Loss Per Share (Tables) | 6 Months Ended | |||||||||||||||
Jun. 30, 2014 | ||||||||||||||||
Earnings Per Share [Abstract] | ' | |||||||||||||||
Schedule of Net Loss per Common Share, Basic and Diluted | ' | |||||||||||||||
The following table sets forth the computation of net loss per common share (in thousands, except per share amounts): | ||||||||||||||||
Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||
Numerator: | ||||||||||||||||
Net loss | $ | (116,823 | ) | $ | (40,235 | ) | $ | (218,034 | ) | $ | (67,196 | ) | ||||
Denominator: | ||||||||||||||||
Weighted average number of shares outstanding—basic and diluted | 141,895 | 18,704 | 137,939 | 16,877 | ||||||||||||
Net loss per share—basic and diluted | $ | (0.82 | ) | $ | (2.15 | ) | $ | (1.58 | ) | $ | (3.98 | ) | ||||
Schedule of Antidilutive Securities Excluded from Net Loss per Share Computation | ' | |||||||||||||||
The following outstanding options, unvested shares, warrants, and convertible preferred stock were excluded (as common stock equivalents) from the computation of diluted net loss per common share for the periods presented as their effect would have been antidilutive (in thousands): | ||||||||||||||||
As of June 30, | ||||||||||||||||
2014 | 2013 | |||||||||||||||
Options to purchase common stock | 23,317 | 20,433 | ||||||||||||||
Unvested early exercised common shares | 3,308 | 5,662 | ||||||||||||||
Unvested restricted stock awards and units | 6,960 | 2,081 | ||||||||||||||
Convertible preferred stock | — | 74,221 | ||||||||||||||
Warrants to purchase convertible preferred stock | — | 616 | ||||||||||||||
ESPP shares | 137 | — | ||||||||||||||
Segment_Information_Tables
Segment Information (Tables) | 6 Months Ended | |||||||||||||||
Jun. 30, 2014 | ||||||||||||||||
Segment Reporting [Abstract] | ' | |||||||||||||||
Schedule of Revenue by Geographic Region | ' | |||||||||||||||
Revenue by geographic region based on the billing address is as follows (in thousands): | ||||||||||||||||
Three Months Ended June 30, | Six Months Ended | |||||||||||||||
June 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||
Revenue: | ||||||||||||||||
United States | $ | 69,636 | $ | 24,618 | $ | 125,364 | $ | 45,358 | ||||||||
EMEA | 14,678 | 4,415 | 23,923 | 8,415 | ||||||||||||
APAC | 6,621 | 2,890 | 12,948 | 5,824 | ||||||||||||
Other | 3,554 | 1,299 | 6,234 | 2,041 | ||||||||||||
Total revenue | $ | 94,489 | $ | 33,222 | $ | 168,469 | $ | 61,638 | ||||||||
Description_of_Business_and_Su2
Description of Business and Summary of Significant Accounting Policies (Details) (USD $) | 1 Months Ended | 6 Months Ended |
In Millions, except Share data, unless otherwise specified | Mar. 31, 2014 | Jun. 30, 2014 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' | ' |
Common stock sold (shares) | 5,582,215 | ' |
Price per share (usd per share) | $82 | ' |
Proceeds from initial public offering, net of underwriting discounts | $446.50 | ' |
Underwriters discounts and commissions | 11.2 | ' |
Offering expenses | $2.20 | ' |
Common stock sold from certain selling stockholders (shares) | 8,417,785 | ' |
Options exercised (shares) | 796,846 | 4,165,000 |
Fair_Value_Measurements_Schedu
Fair Value Measurements - Schedule of Fair Value of Assets and Liabilities (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash and Cash Equivalents | $6,000 | ' |
Short-term investment | 292,874 | ' |
Certificates of deposit [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash and Cash Equivalents | 0 | ' |
Short-term investment | 4,076 | ' |
Commercial paper [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash and Cash Equivalents | 2,500 | ' |
Short-term investment | 2,749 | ' |
Corporate notes and bonds [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash and Cash Equivalents | 0 | ' |
Short-term investment | 147,062 | ' |
U.S. Government agencies [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash and Cash Equivalents | 3,500 | ' |
Short-term investment | 138,987 | ' |
Level 1 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash and Cash Equivalents | 110,540 | 132,518 |
Short-term investment | 0 | 0 |
Total assets measured at fair value | 110,540 | 132,518 |
Level 1 [Member] | Certificates of deposit [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Short-term investment | 0 | 0 |
Level 1 [Member] | Commercial paper [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Short-term investment | 0 | 0 |
Level 1 [Member] | Corporate notes and bonds [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Short-term investment | 0 | 0 |
Level 1 [Member] | U.S. Government agencies [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Short-term investment | 0 | 0 |
Level 1 [Member] | Money market funds [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash and Cash Equivalents | 110,540 | 132,518 |
Level 1 [Member] | Commercial paper [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash and Cash Equivalents | 0 | 0 |
Level 1 [Member] | U.S. Government agencies [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash and Cash Equivalents | 0 | 0 |
Level 2 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash and Cash Equivalents | 6,000 | 0 |
Short-term investment | 292,874 | 0 |
Total assets measured at fair value | 298,874 | 0 |
Level 2 [Member] | Certificates of deposit [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Short-term investment | 4,076 | 0 |
Level 2 [Member] | Commercial paper [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Short-term investment | 2,749 | 0 |
Level 2 [Member] | Corporate notes and bonds [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Short-term investment | 147,062 | 0 |
Level 2 [Member] | U.S. Government agencies [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Short-term investment | 138,987 | 0 |
Level 2 [Member] | Money market funds [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash and Cash Equivalents | 0 | 0 |
Level 2 [Member] | Commercial paper [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash and Cash Equivalents | 2,500 | 0 |
Level 2 [Member] | U.S. Government agencies [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash and Cash Equivalents | 3,500 | 0 |
Level 3 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash and Cash Equivalents | 0 | 0 |
Short-term investment | 0 | 0 |
Total assets measured at fair value | 0 | 0 |
Level 3 [Member] | Certificates of deposit [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Short-term investment | 0 | 0 |
Level 3 [Member] | Commercial paper [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Short-term investment | 0 | 0 |
Level 3 [Member] | Corporate notes and bonds [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Short-term investment | 0 | 0 |
Level 3 [Member] | U.S. Government agencies [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Short-term investment | 0 | 0 |
Level 3 [Member] | Money market funds [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash and Cash Equivalents | 0 | 0 |
Level 3 [Member] | Commercial paper [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash and Cash Equivalents | 0 | 0 |
Level 3 [Member] | U.S. Government agencies [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash and Cash Equivalents | 0 | 0 |
Fair Value [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash and Cash Equivalents | 116,540 | 132,518 |
Short-term investment | 292,874 | 0 |
Total assets measured at fair value | 409,414 | 132,518 |
Fair Value [Member] | Certificates of deposit [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Short-term investment | 4,076 | 0 |
Fair Value [Member] | Commercial paper [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Short-term investment | 2,749 | 0 |
Fair Value [Member] | Corporate notes and bonds [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Short-term investment | 147,062 | 0 |
Fair Value [Member] | U.S. Government agencies [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Short-term investment | 138,987 | 0 |
Fair Value [Member] | Money market funds [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash and Cash Equivalents | 110,540 | 132,518 |
Fair Value [Member] | Commercial paper [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash and Cash Equivalents | 2,500 | 0 |
Fair Value [Member] | U.S. Government agencies [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash and Cash Equivalents | $3,500 | $0 |
ShortTerm_Investments_Summary_
Short-Term Investments - Summary of Available-for-sale Securities (Details) (USD $) | Jun. 30, 2014 |
In Thousands, unless otherwise specified | |
Schedule of Available-for-sale Securities [Line Items] | ' |
Amortized Cost | $298,984 |
Available-for-sale Securities, Gross Unrealized Gain, Accumulated in Investments | 27 |
Available-for-sale Securities, Gross Unrealized Loss, Accumulated in Investments | -137 |
Estimated Fair Value | 298,874 |
Cash and Cash Equivalents | 6,000 |
Short-term investment | 292,874 |
Certificates of deposit [Member] | ' |
Schedule of Available-for-sale Securities [Line Items] | ' |
Amortized Cost | 4,080 |
Available-for-sale Securities, Gross Unrealized Gain, Accumulated in Investments | 0 |
Available-for-sale Securities, Gross Unrealized Loss, Accumulated in Investments | -4 |
Estimated Fair Value | 4,076 |
Cash and Cash Equivalents | 0 |
Short-term investment | 4,076 |
Commercial paper [Member] | ' |
Schedule of Available-for-sale Securities [Line Items] | ' |
Amortized Cost | 5,248 |
Available-for-sale Securities, Gross Unrealized Gain, Accumulated in Investments | 1 |
Available-for-sale Securities, Gross Unrealized Loss, Accumulated in Investments | 0 |
Estimated Fair Value | 5,249 |
Cash and Cash Equivalents | 2,500 |
Short-term investment | 2,749 |
Corporate notes and bonds [Member] | ' |
Schedule of Available-for-sale Securities [Line Items] | ' |
Amortized Cost | 147,117 |
Available-for-sale Securities, Gross Unrealized Gain, Accumulated in Investments | 25 |
Available-for-sale Securities, Gross Unrealized Loss, Accumulated in Investments | -80 |
Estimated Fair Value | 147,062 |
Cash and Cash Equivalents | 0 |
Short-term investment | 147,062 |
U.S. Treasuries & U.S. Government agencies [Member] | ' |
Schedule of Available-for-sale Securities [Line Items] | ' |
Amortized Cost | 142,539 |
Available-for-sale Securities, Gross Unrealized Gain, Accumulated in Investments | 1 |
Available-for-sale Securities, Gross Unrealized Loss, Accumulated in Investments | -53 |
Estimated Fair Value | 142,487 |
Cash and Cash Equivalents | 3,500 |
Short-term investment | $138,987 |
ShortTerm_Investments_Summary_1
Short-Term Investments - Summary of Unrealized Losses on Investments (Details) (USD $) | Jun. 30, 2014 |
Schedule of Available-for-sale Securities [Line Items] | ' |
Estimated Fair Value | $194,704,000 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Aggregate Losses Accumulated in Investments | -137,000 |
Unrealized losses greater than twelve months | 0 |
Certificates of deposit [Member] | ' |
Schedule of Available-for-sale Securities [Line Items] | ' |
Estimated Fair Value | 4,076,000 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Aggregate Losses Accumulated in Investments | -4,000 |
Corporate notes and bonds [Member] | ' |
Schedule of Available-for-sale Securities [Line Items] | ' |
Estimated Fair Value | 96,811,000 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Aggregate Losses Accumulated in Investments | -80,000 |
U.S. Treasuries & U.S. Government agencies [Member] | ' |
Schedule of Available-for-sale Securities [Line Items] | ' |
Estimated Fair Value | 93,817,000 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Aggregate Losses Accumulated in Investments | ($53,000) |
ShortTerm_Investments_Summary_2
Short-Term Investments - Summary of Contractual Maturities (Details) (USD $) | Jun. 30, 2014 |
In Thousands, unless otherwise specified | |
Investments, Debt and Equity Securities [Abstract] | ' |
Due within one year, amortized cost | $160,586 |
Due within one to two years, amortized cost | 138,398 |
Total, amortized cost | 298,984 |
Due within one year, fair value | 160,571 |
Due within one to two years, fair value | 138,303 |
Total, fair value | $298,874 |
Property_and_Equipment_Schedul
Property and Equipment - Schedule of Property and Equipment (Details) (USD $) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | |
Property, Plant and Equipment [Line Items] | ' | ' | ' | ' | ' |
Total property and equipment | $108,261,000 | ' | $108,261,000 | ' | $79,854,000 |
Less: accumulated depreciation | -29,871,000 | ' | -29,871,000 | ' | -15,089,000 |
Total property and equipment, net | 78,390,000 | ' | 78,390,000 | ' | 64,765,000 |
Depreciation and amortization | 10,200,000 | 3,600,000 | 19,900,000 | 6,600,000 | ' |
Computer equipment and Software [Member] | ' | ' | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' | ' | ' |
Total property and equipment | 71,127,000 | ' | 71,127,000 | ' | 57,403,000 |
Leasehold improvements [Member] | ' | ' | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' | ' | ' |
Total property and equipment | 26,756,000 | ' | 26,756,000 | ' | 15,660,000 |
Furniture and fixtures [Member] | ' | ' | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' | ' | ' |
Total property and equipment | 9,931,000 | ' | 9,931,000 | ' | 6,035,000 |
Machinery and equipment [Member] | ' | ' | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' | ' | ' |
Total property and equipment | $447,000 | ' | $447,000 | ' | $756,000 |
Business_Combinations_Schedule
Business Combinations - Schedule of Purchase Price (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | 9-May-14 | 9-May-14 | Jun. 30, 2014 |
In Thousands, unless otherwise specified | nPulse Technologies [Member] | nPulse Technologies [Member] | Mandiant, Inc. [Member] | ||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' |
Performance milestone determination period | ' | ' | '3 years 6 months | ' | ' |
Net tangible assets (liabilities) assumed | ' | ' | ' | ($1,833) | $9,797 |
Intangible assets | ' | ' | ' | 24,700 | 276,200 |
Deferred tax asset | ' | ' | ' | 442 | ' |
Deferred tax liability | ' | ' | ' | -8,235 | -90,105 |
Goodwill | 750,132 | 706,327 | ' | 41,538 | 704,898 |
Total preliminary purchase price allocation | ' | ' | ' | $56,612 | $900,790 |
Business_Combinations_Schedule1
Business Combinations - Schedule of Acquired Intangible Assets (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | 9-May-14 | 9-May-14 | 9-May-14 | 9-May-14 | 9-May-14 | 9-May-14 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 |
In Thousands, unless otherwise specified | In Process Research and Development [Member] | In Process Research and Development [Member] | Developed Technology [Member] | Developed Technology [Member] | Content [Member] | Content [Member] | Customer Relationships [Member] | Customer Relationships [Member] | Contract Backlog [Member] | Contract Backlog [Member] | Trade Names [Member] | Trade Names [Member] | nPulse Technologies [Member] | nPulse Technologies [Member] | nPulse Technologies [Member] | nPulse Technologies [Member] | nPulse Technologies [Member] | nPulse Technologies [Member] | Mandiant, Inc. [Member] | Mandiant, Inc. [Member] | Mandiant, Inc. [Member] | Mandiant, Inc. [Member] | Mandiant, Inc. [Member] | Mandiant, Inc. [Member] | Mandiant, Inc. [Member] | Mandiant, Inc. [Member] | Mandiant, Inc. [Member] | Mandiant, Inc. [Member] | Mandiant, Inc. [Member] | ||
In Process Research and Development [Member] | Developed Technology [Member] | Developed Technology [Member] | Customer Relationships [Member] | Customer Relationships [Member] | In Process Research and Development [Member] | Developed Technology [Member] | Content [Member] | Customer Relationships [Member] | Contract Backlog [Member] | Trade Names [Member] | Minimum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | |||||||||||||||||
Developed Technology [Member] | Contract Backlog [Member] | Developed Technology [Member] | Contract Backlog [Member] | ||||||||||||||||||||||||||||
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Finite-Lived Intangible Asset, Useful Life | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '6 years | ' | '8 years | ' | ' | ' | ' | '10 years | '8 years | ' | '4 years | '4 years | '1 year | '6 years | '3 years |
Finite lived acquired assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $10,100 | ' | $8,000 | ' | ' | $54,600 | $128,600 | $65,400 | $13,800 | $12,400 | ' | ' | ' | ' |
Indefinite lived acquired assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,600 | ' | ' | ' | ' | ' | 1,400 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Intangible assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 24,700 | ' | ' | ' | ' | ' | 276,200 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Intangible assets, gross | 300,493 | 281,493 | ' | ' | 70,393 | 60,093 | 128,600 | 128,500 | 75,300 | 67,900 | 13,800 | 12,600 | 12,400 | 12,400 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Less: accumulated amortization | -23,500 | -1,516 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total intangible assets subject to amortization | 276,993 | 279,977 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
In-process research and development | 7,800 | ' | 7,800 | 1,400 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total net intangible assets | $284,793 | $281,377 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Business_Combinations_Schedule2
Business Combinations - Schedule of Goodwill (Details) (USD $) | 6 Months Ended |
In Thousands, unless otherwise specified | Jun. 30, 2014 |
Goodwill [Roll Forward] | ' |
Beginning balance | $706,327 |
Acquisitions and adjustments | 43,805 |
Ending balance | $750,132 |
Business_Combinations_Schedule3
Business Combinations - Schedule of Expected Future Amortization Expense (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Business Combinations [Abstract] | ' | ' |
2014 (remaining six months) | $22,955 | ' |
2015 | 45,114 | ' |
2016 | 44,496 | ' |
2017 | 38,553 | ' |
2018 | 27,608 | ' |
2019 and thereafter | 98,267 | ' |
Total intangible assets subject to amortization | 276,993 | 279,977 |
Total intangible assets with indefinite lives | 7,800 | ' |
Total net intangible assets | $284,793 | $281,377 |
Business_Combinations_Narrativ
Business Combinations - Narrative (Details) (USD $) | 3 Months Ended | 6 Months Ended | 0 Months Ended | 0 Months Ended | |||||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | 9-May-14 | 9-May-14 | 9-May-14 | 9-May-14 | |
Mandiant, Inc. [Member] | nPulse Technologies [Member] | Unvested Stock Options and Restricted Stock [Member] | General and administrative [Member] | Maximum [Member] | |||||
nPulse Technologies [Member] | nPulse Technologies [Member] | nPulse Technologies [Member] | |||||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total purchase consideration | ' | ' | ' | ' | ' | $56,600,000 | ' | ' | ' |
Cash paid for acquisition | ' | ' | ' | ' | ' | 55,200,000 | ' | ' | ' |
Equity awards assumed | ' | ' | ' | ' | ' | ' | 100,000 | ' | ' |
Shares issued for acquisition (in shares) | ' | ' | ' | ' | ' | ' | ' | ' | 54,319 |
Liabilities incurred | ' | ' | ' | ' | ' | ' | ' | ' | 1,300,000 |
Performance milestone determination period | ' | ' | ' | ' | ' | '3 years 6 months | ' | ' | ' |
Acquisition costs | ' | ' | ' | ' | ' | ' | ' | 500,000 | ' |
Amortization of intangible assets | 11,200,000 | 300,000 | 22,000,000 | 500,000 | ' | ' | ' | ' | ' |
Adjustment to additional paid in capital | ' | ' | ' | ' | 3,100,000 | ' | ' | ' | ' |
Increase in intangible assets | ' | ' | ' | ' | 700,000 | ' | ' | ' | ' |
Decrease in current liabilities | ' | ' | ' | ' | 200,000 | ' | ' | ' | ' |
Acquisitions and adjustments | ' | ' | $43,805,000 | ' | $2,200,000 | ' | ' | ' | ' |
Deferred_Revenue_Schedule_of_D
Deferred Revenue - Schedule of Deferred Revenue (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Deferred Revenue Arrangement [Line Items] | ' | ' |
Deferred revenue, current portion | $136,808 | $110,535 |
Deferred revenue, non-current portion | 95,199 | 76,979 |
Total deferred revenue | 232,007 | 187,514 |
Product [Member] | ' | ' |
Deferred Revenue Arrangement [Line Items] | ' | ' |
Deferred revenue, current portion | 12,871 | 13,823 |
Deferred revenue, non-current portion | 7,361 | 6,711 |
Subscription and services [Member] | ' | ' |
Deferred Revenue Arrangement [Line Items] | ' | ' |
Deferred revenue, current portion | 123,937 | 96,712 |
Deferred revenue, non-current portion | $87,838 | $70,268 |
Credit_Facility_Narrative_Deta
Credit Facility - Narrative (Details) (USD $) | 6 Months Ended | |||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | |
Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | |||
Line of Credit Facility [Line Items] | ' | ' | ' | ' |
Line of credit, maximum borrowing capacity | ' | ' | $25,000,000 | ' |
Borrowings from line of credit | 0 | 10,000,000 | ' | ' |
Line of credit amount outstanding | ' | ' | $0 | $0 |
Commitments_and_Contingencies_2
Commitments and Contingencies Schedule of Future Minimum Rental Payments (Details) (USD $) | Jun. 30, 2014 |
In Thousands, unless otherwise specified | |
Commitments and Contingencies Disclosure [Abstract] | ' |
2014 (remaining six months) | $4,533 |
2015 | 10,114 |
2016 | 7,954 |
2017 | 6,934 |
2018 | 3,727 |
2019 and thereafter | 13,007 |
Total | $46,269 |
Commitments_and_Contingencies_3
Commitments and Contingencies Narrative (Details) (USD $) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | |
Commitments and Contingencies Disclosure [Abstract] | ' | ' | ' | ' | ' |
Rent expense | $2,700,000 | $900,000 | $5,300,000 | $1,500,000 | ' |
Long-term Purchase Commitment [Line Items] | ' | ' | ' | ' | ' |
Non-cancellable open orders | 21,100,000 | ' | 21,100,000 | ' | 16,700,000 |
Letters of credit available | 900,000 | ' | 900,000 | ' | 900,000 |
Amount drawn against letters of credit | 0 | ' | 0 | ' | ' |
Software and Services [Member] | ' | ' | ' | ' | ' |
Long-term Purchase Commitment [Line Items] | ' | ' | ' | ' | ' |
Non-cancellable open orders | $10,800,000 | ' | $10,800,000 | ' | ' |
Common_Shares_Reserved_for_Iss2
Common Shares Reserved for Issuance Schedule of Stock by Class (Details) | Jun. 30, 2014 | Dec. 31, 2013 |
Class of Stock [Line Items] | ' | ' |
Shares reserved for future issuance (shares) | 45,478,000 | 43,038,000 |
Stock Compensation Plan [Member] | ' | ' |
Class of Stock [Line Items] | ' | ' |
Shares reserved for future issuance (shares) | 42,205,000 | 40,226,000 |
Warrants to purchase common stock [Member] | ' | ' |
Class of Stock [Line Items] | ' | ' |
Shares reserved for future issuance (shares) | 0 | 312,000 |
ESPP [Member] | ' | ' |
Class of Stock [Line Items] | ' | ' |
Shares reserved for future issuance (shares) | 3,273,000 | 2,500,000 |
Common_Shares_Reserved_for_Iss3
Common Shares Reserved for Issuance Narrative (Details) (USD $) | 6 Months Ended | |
Jun. 30, 2014 | Dec. 31, 2013 | |
vote_per_share | ||
Equity [Abstract] | ' | ' |
Common stock, shares authorized (shares) | 1,000,000,000 | 1,000,000,000 |
Common stock, par value (usd per share) | $0.00 | $0.00 |
Voting right per common share | 1 | ' |
Convertible preferred stock outstanding (shares) | 0 | 0 |
Equity_Award_Plans_Schedule_of
Equity Award Plans - Schedule of Activity for Share Available of Grant and Options Outstanding (Details) (USD $) | 1 Months Ended | 6 Months Ended | 12 Months Ended |
In Thousands, except Share data, unless otherwise specified | Mar. 31, 2014 | Jun. 30, 2014 | Dec. 31, 2013 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | ' | ' | ' |
Beginning balance, options outstanding (shares) | ' | 27,422,000 | ' |
Options granted (shares) | ' | 667,000 | ' |
Options exercised (shares) | -796,846 | -4,165,000 | ' |
Options cancelled (shares) | ' | -670,000 | ' |
Options assumed in acquisition (in shares) | ' | 63,000 | ' |
Ending balance, options outstanding (shares) | ' | 23,317,000 | 27,422,000 |
Option vested and expected to vest (shares) | ' | 22,591,000 | ' |
Option exercisable (shares) | ' | 8,437,000 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract] | ' | ' | ' |
Beginning balance, weighted average exercise price (usd per share) | ' | $5.82 | ' |
Options granted, weighted average exercise price (usd per share) | ' | $73.14 | ' |
Options exercised, weighted average exercise price (usd per share) | ' | $2.39 | ' |
Options cancelled, weighted average exercise price (usd per share) | ' | $8.18 | ' |
Options assumed, weighted average exercise price (usd per share) | ' | $18.35 | ' |
Ending balance, weighted average exercise price (usd per share) | ' | $8.33 | $5.82 |
Option vested and expected to vest, weighted average exercise price (usd per share) | ' | $8.18 | ' |
Option exercisable, weighted average exercise price (usd per share) | ' | $3.07 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract] | ' | ' | ' |
Options weighted-average grant date fair value per share | ' | $73.14 | ' |
Beginning balance, options outstanding, weighted average contractual life | ' | '7 years 11 months 12 days | '8 years 3 months 18 days |
Ending balance, options outstanding, weighted average contractual life | ' | '7 years 11 months 12 days | '8 years 3 months 18 days |
Option vested and expected to vest, weighted average contractual life | ' | '7 years 11 months 1 day | ' |
Option exercisable, weighted average contractual life | ' | '6 years 9 months 22 days | ' |
Beginning balance, options outstanding, aggregate intrinsic value | ' | $1,036,224 | ' |
Aggregate intrinsic value of options exercised | ' | 176,702 | ' |
Ending balance, options outstanding, aggregate intrinsic value | ' | 773,148 | 1,036,224 |
Option vested and expected to vest, aggregate intrinsic value | ' | 751,732 | ' |
Option exercisable, aggregate intrinsic value | ' | $316,243 | ' |
Equity_Award_Plans_Schedule_of1
Equity Award Plans - Schedule of Activity for Restricted Stock (Details) (Restricted Stock Awards and Restricted Stock Units [Member], USD $) | 6 Months Ended | 12 Months Ended |
In Thousands, except Per Share data, unless otherwise specified | Jun. 30, 2014 | Dec. 31, 2013 |
Restricted Stock Awards and Restricted Stock Units [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward] | ' | ' |
Beginning balance, shares outstanding (shares) | 3,602 | ' |
Granted (shares) | 4,184 | ' |
Vested (shares) | -677 | ' |
Canceled/forfeited (shares) | -149 | ' |
Ending balance, shares outstanding (shares) | 6,960 | 3,602 |
Vested and expected to vest (shares) | 6,416 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract] | ' | ' |
Weighted-Average Grant Date Fair Value Per Share | $48.05 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Additional Disclosures [Abstract] | ' | ' |
Beginning balance, weighted-average remaining contractual term | '1 year 11 months 19 days | '1 year 8 months 12 days |
Ending balance, weighted-average remaining contractual term | '1 year 11 months 19 days | '1 year 8 months 12 days |
Vested and expected to vest, weighted-average remaining contractual term | '1 year 11 months 19 days | ' |
Beginning balance, aggregate intrinsic value | $157,108 | ' |
Ending balance, aggregate intrinsic value | 282,272 | 157,108 |
Vested and expected to vest, aggregate intrinsic value | $260,164 | ' |
Equity_Award_Plans_Schedule_of2
Equity Award Plans - Schedule of Fair Value Assumptions Used for Stock Options (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Fair value of common stock (usd per share) | ' | ' | $73.14 | ' |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% |
Minimum [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Fair value of common stock (usd per share) | 27.89 | 7.93 | $27.89 | 6.05 |
Risk-free interest rate | 1.82% | 0.62% | 1.82% | 0.60% |
Expected term (in years) | '6 years | '4 years | '6 years | '4 years |
Volatility | 51.00% | 51.00% | 51.00% | 51.00% |
Maximum [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Fair value of common stock (usd per share) | 33.39 | 9.68 | $75.87 | 10.63 |
Risk-free interest rate | ' | 1.69% | 1.96% | 1.70% |
Expected term (in years) | ' | '6 years | ' | '6 years |
Volatility | ' | 54.00% | 53.00% | 54.00% |
Equity_Award_Plans_Schedule_of3
Equity Award Plans - Schedule of Fair Value Assumptions Used for ESPP (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Fair value of common stock (usd per share) | ' | ' | $73.14 | ' |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% |
Minimum [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Fair value of common stock (usd per share) | 27.89 | 7.93 | $27.89 | 6.05 |
Risk-free interest rate | 1.82% | 0.62% | 1.82% | 0.60% |
Expected term (in years) | '6 years | '4 years | '6 years | '4 years |
Volatility | 51.00% | 51.00% | 51.00% | 51.00% |
Maximum [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Fair value of common stock (usd per share) | 33.39 | 9.68 | $75.87 | 10.63 |
Risk-free interest rate | ' | 1.69% | 1.96% | 1.70% |
Expected term (in years) | ' | '6 years | ' | '6 years |
Volatility | ' | 54.00% | 53.00% | 54.00% |
ESPP [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Fair value of common stock (usd per share) | ' | ' | $23.02 | ' |
Volatility | ' | ' | 45.00% | ' |
Dividend yield | ' | ' | 0.00% | ' |
ESPP [Member] | Minimum [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Risk-free interest rate | ' | ' | 0.05% | ' |
Expected term (in years) | ' | ' | '6 months | ' |
ESPP [Member] | Maximum [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Risk-free interest rate | ' | ' | 0.09% | ' |
Expected term (in years) | ' | ' | '1 year | ' |
Equity_Award_Plans_Schedule_of4
Equity Award Plans - Schedule of Share-based Compensation Expense (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' | ' |
Stock-based compensation expense | $38,253 | $4,278 | $63,447 | $7,530 |
Cost of product revenue [Member] | ' | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' | ' |
Stock-based compensation expense | 236 | 73 | 381 | 136 |
Cost of subscription and services revenue [Member] | ' | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' | ' |
Stock-based compensation expense | 3,605 | 401 | 7,025 | 568 |
Research and development [Member] | ' | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' | ' |
Stock-based compensation expense | 7,803 | 1,118 | 12,406 | 2,075 |
Sales and marketing [Member] | ' | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' | ' |
Stock-based compensation expense | 15,923 | 1,254 | 24,611 | 2,094 |
General and administrative [Member] | ' | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' | ' |
Stock-based compensation expense | $10,686 | $1,432 | $19,024 | $2,657 |
Equity_Award_Plans_Narrative_D
Equity Award Plans - Narrative (Details) (USD $) | 6 Months Ended | 6 Months Ended | 6 Months Ended | 0 Months Ended | 0 Months Ended | |||||
In Millions, except Share data, unless otherwise specified | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | 9-May-14 | 9-May-14 | 9-May-14 | 9-May-14 |
ESPP [Member] | 2013 Plan [Member] | Minimum [Member] | Minimum [Member] | nPulse Technologies [Member] | nPulse Technologies [Member] | nPulse Technologies [Member] | nPulse Technologies [Member] | |||
2013 Plan [Member] | 2013 Plan [Member] | Performance Shares [Member] | Performance Shares [Member] | Maximum [Member] | ||||||
Employee Stock Option [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Generally vesting period | ' | ' | ' | '4 years | ' | ' | ' | ' | ' | ' |
Award expiration period from grant date | ' | ' | ' | '10 years | ' | ' | ' | ' | ' | ' |
Employee stock ownership, combined voting power of all stock | ' | ' | ' | 10.00% | ' | ' | ' | ' | ' | ' |
Minimum exercise price as a percentage of the fair value per share | ' | ' | ' | ' | 110.00% | ' | ' | ' | ' | ' |
Award expiration period, for excess voting power grants | ' | ' | ' | '5 years | ' | ' | ' | ' | ' | ' |
Grant date fair value, percentage | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' | ' |
Shares reserved for future issuance (shares) | 45,478,000 | 43,038,000 | 3,272,660 | 14,000,000 | ' | ' | ' | ' | ' | ' |
Acquisition price at lower of fair market value, percentage | ' | ' | 85.00% | ' | ' | ' | ' | ' | ' | ' |
Additional shares authorized (shares) | ' | ' | 1,377,575 | ' | ' | ' | ' | ' | ' | ' |
Shares issued for acquisition (in shares) | ' | ' | ' | ' | ' | ' | ' | 241,362 | ' | 54,319 |
Contingent obligation, employee performance award | ' | ' | ' | ' | ' | ' | ' | ' | $6.40 | ' |
Compensation cost not yet recognized | $338.40 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Compensation cost not yet recognized, period for recognition | '3 years | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Performance milestone determination period | ' | ' | ' | ' | ' | ' | '3 years 6 months | ' | ' | ' |
Income_Taxes_Details
Income Taxes (Details) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | |
Income Tax Disclosure [Abstract] | ' | ' | ' | ' |
Effective income tax rate | 8.14% | -0.96% | 6.99% | -0.90% |
Net_Loss_Per_Share_Schedule_of
Net Loss Per Share - Schedule of Net Loss per Common Share, Basic and Diluted (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Numerator: | ' | ' | ' | ' |
Net loss | ($116,823) | ($40,235) | ($218,034) | ($67,196) |
Denominator: | ' | ' | ' | ' |
Weighted average number of shares outstanding—basic and diluted (shares) | 141,895 | 18,704 | 137,939 | 16,877 |
Net loss per share—basic and diluted (usd per share) | ($0.82) | ($2.15) | ($1.58) | ($3.98) |
Net_Loss_Per_Share_Schedule_of1
Net Loss Per Share - Schedule of Antidilutive Securities Excluded from Net Loss per Share Computation (Details) | 6 Months Ended | |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 |
Option to purchase common stock [Member] | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' |
Antidilutive securities excluded from net loss per share (shares) | 23,317 | 20,433 |
Unvested early exercised common shares [Member] | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' |
Antidilutive securities excluded from net loss per share (shares) | 3,308 | 5,662 |
Unvested restricted stock awards and units [Member] | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' |
Antidilutive securities excluded from net loss per share (shares) | 6,960 | 2,081 |
Convertible preferred stock [Member] | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' |
Antidilutive securities excluded from net loss per share (shares) | 0 | 74,221 |
Warrants to purchase convertible preferred stock [Member] | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' |
Antidilutive securities excluded from net loss per share (shares) | 0 | 616 |
Warrants to purchase common stock [Member] | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' |
Antidilutive securities excluded from net loss per share (shares) | 137 | 0 |
Employee_Benefit_Plan_Details
Employee Benefit Plan (Details) (USD $) | 3 Months Ended | 6 Months Ended |
Jun. 30, 2014 | Jun. 30, 2014 | |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Employer contributions vested percentage | ' | 100.00% |
Employer contributions to 401(k) | ' | $0 |
Mandiant, Inc. [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Employer contributions vested percentage | ' | 100.00% |
Employer contributions to 401(k) | $700,000 | $1,400,000 |
Employers match | ' | 100.00% |
Employees contribution | ' | 4.00% |
Segment_Information_Schedule_o
Segment Information - Schedule of Revenue by Geographic Region (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' |
Total revenue | $94,489 | $33,222 | $168,469 | $61,638 |
Operating Segments [Member] | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' |
Total revenue | 94,489 | 33,222 | 168,469 | 61,638 |
Operating Segments [Member] | United States [Member] | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' |
Total revenue | 69,636 | 24,618 | 125,364 | 45,358 |
Operating Segments [Member] | EMEA [Member] | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' |
Total revenue | 14,678 | 4,415 | 23,923 | 8,415 |
Operating Segments [Member] | APAC [Member] | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' |
Total revenue | 6,621 | 2,890 | 12,948 | 5,824 |
Operating Segments [Member] | Other [Member] | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' |
Total revenue | $3,554 | $1,299 | $6,234 | $2,041 |