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| | | | A-1 | | | |
| | | | B-1 | | |
| PROPOSAL ONE | | | BOARD’S RECOMMENDATION: “FOR” each of the nominees | |
| ELECTION OF DIRECTORS | | |||
| We are asking our stockholders to elect eight directors for a one-year term expiring at Fortinet’s 2023 Annual Meeting of Stockholders (the “2023 Annual Meeting”) and until such director’s successor is duly elected and qualified or until such director’s earlier death, resignation, disqualification or removal. The table below sets forth information with respect to our eight nominees standing for election. All of the nominees are currently serving as directors. Additional information about our director nominees and their respective qualifications can be found under the section titled “Proposal One — Election of Directors — Nominees to Our Board of Directors.” | |
Name | | | Age | | | Director Since | |
Ken Xie | | | 59 | | | October 2000 | |
Michael Xie | | | 53 | | | February 2001 | |
Kenneth A. Goldman | | | 73 | | | October 2020 | |
Ming Hsieh | | | 66 | | | April 2013 | |
Jean Hu | | | 58 | | | October 2019 | |
William H. Neukom | | | 80 | | | January 2013 | |
Judith Sim | | | 53 | | | June 2015 | |
Admiral James Stavridis (Ret) | | | 67 | | | October 2021 | |
| PROPOSAL TWO | | | BOARD’S RECOMMENDATION: “FOR” Proposal Two | |
| RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | | |||
| We are asking our stockholders to ratify the audit committee’s appointment of Deloitte & Touche LLP as our independent registered public accounting firm for the year ending December 31, 2022. Information regarding fees paid to Deloitte & Touche LLP during 2021 and 2020 can be found under the section titled “Proposal Two — Ratification of Appointment of Independent Registered Public Accounting Firm.” | |
| PROPOSAL THREE | | | BOARD’S RECOMMENDATION: “FOR” Proposal Three | |
| ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION | | |||
| We are asking our stockholders to approve, on an advisory and non-binding basis, the compensation of our named executive officers as disclosed in accordance with the SEC’s rules in the “Executive Compensation” section of this proxy statement. Information regarding compensation of our named executive officers can be found under the section titled “Proposal Three — Vote to Approve Named Executive Officer Compensation” | |
| PROPOSAL FOUR | | | BOARD’S RECOMMENDATION: “FOR” Proposal Four | |
| ADOPTION OF AMENDED AND RESTATED CERTIFICATE OF INCORPORATION TO IMPLEMENT FIVE-FOR-ONE FORWARD STOCK SPLIT | | |||
| We are asking our stockholders to approve the adoption of the Restated Certificate in order to implement a five-for-one forward stock split and to make certain other administrative changes as reflected in the Restated Certificate and described in this Proxy Statement. Information regarding the Restated Certificate and the Stock Split Proposal can be found under the section titled “Proposal Four — Adoption of Amended and Restated Certificate of Incorporation to Implement Five-for-One Forward Stock Split.” | |
| PROPOSAL FIVE | | | THE BOARD OF DIRECTORS HAS NO VOTING RECOMMENDATION FOR THIS PROPOSAL | |
| STOCKHOLDER PROPOSAL | | |||
| The Board of Directors has considered the proposal relating to the removal of supermajority voting standards in our amended and restated certificate of incorporation and amended and restated bylaws and has determined to make no voting recommendation to our stockholders. The proposal is advisory in nature only. | |
Name | | | Age | | | Position | |
Ken Xie | | | | | Chief Executive Officer, Chairman of the Board of Directors and Director Nominee | | |
Michael Xie(4) **** | | | | | President, Chief Technology Officer, Director and Director Nominee | | |
Kelly Ducourty(1)(4) ^ | | | | | Director | | |
Kenneth A. Goldman(1) | | | | | Director and Director Nominee | | |
Ming Hsieh(2)(3)* | | | | | Director and Director Nominee | | |
Jean Hu(2) | | | | | Director and Director Nominee | | |
William H. Neukom(3) | | | | | Lead Independent Director and Director Nominee | | |
| | 53 | | | Director and Director Nominee | | |
| | ||||||
| | Director and Director Nominee | |
Expertise, Experience or Attribute | | | Description | | | Number of Directors | |
Cybersecurity | | | Extensive knowledge of corporate and global issues related to cybersecurity challenges within private and public organizations. | | | | |
Technology and Product Development | | | Significant background working in the technology industry and in management of technology companies; experience in product development, including engineering and design. | | | | |
Leadership | | | Extensive executive, director or management experience from leadership and governance roles in corporations, government or public organizations. | | | 9 of 9 | |
Public Service and Legal | | | Dedication to public service through leadership of government, non-governmental organizations and not-for-profit institutions; extensive experience in legal and compliance matters. | | | | |
Finance | | | Leadership of a financial firm or management of the finance function of an enterprise, resulting in financial proficiency and expertise. | | | | |
Sales and Marketing | | | Experience in sales or marketing, and leadership of corporate sales or marketing functions. | | | 2 of 9 | |
| | | Female | | | Male | | | Non-Binary | | | Did Not Disclose Gender | | ||||||||||||
Part I: Gender Identity | | | | | | | | | | | | | | | | | | | | | | | | | |
Directors | | | | | 3 | | | | | | 6 | | | | | | — | | | | | | — | | |
Part II: Demographic Background | | | | | | | | | | | | | | | | | | | | | | | | | |
African American or Black | | | | | — | | | | | | — | | | | | | | | | | | | | | |
Alaskan Native of Native American | | | | | — | | | | | | — | | | | | | | | | | | | | | |
Asian | | | | | 2 | | | | | | 3 | | | | | | | | | | | | | | |
| | | Female | | | Male | | | Non-Binary | | | Did Not Disclose Gender | | ||||||
Hispanic or Latinx | | | | | — | | | | | | — | | | | | | | | |
Native Hawaiian or Pacific Islander | | | | | — | | | | | | — | | | | | | | | |
White | | | | | 1 | | | | | | 3 | | | | | | | | |
Two or more Races or Ethnicities | | | | | — | | | | | | — | | | | | | | | |
LGBTQ+ | | | | | — | | | | | | — | | | | | | | | |
Military Veteran | | | | | — | | | | | | 1 | | | | | | | | |
Did Not Disclose Demographic Background | | | | | — | | | | | | — | | | | | | | | |
| Tenure | | Number of Directors | | Age | | Number of Directors | | Tenure | | Number of Directors | | Age | | Number of Directors | | ||||||
| More than 10 years | | 3 | | 70+ years | | 2 | | More than 10 years | | 2 | | 70+ years | | 2 | | ||||||
| 6 – 10 years | | 2 | | 61 – 70 years | | 2 | | 6 – 10 years | | 2 | | 61 – 70 years | | 2 | | ||||||
| 0 – 5 years | | 4 | | 45 – 60 years | | 5 | | 0 – 5 years | | 5 | | 45 – 60 years | | 5 | |
| | 2020 | | 2019 | | | 2021 | | 2020 | | ||||||||||||||||
Audit Fees(1) | | | $ | 2,850,299 | | | | $ | 2,747,386 | | | | | $ | 3,109,169 | | | | $ | 2,850,299 | | | ||||
Audit-Related Fees(2) | | | | 650,000 | | | | | 580,650 | | | | | | 969,300 | | | | | 650,000 | | | ||||
Tax Fees(3) | | | | 640,361 | | | | | 531,039 | | | | | | 619,244 | | | | | 640,361 | | | ||||
All Other Fees(4) | | | | 1,895 | | | | | — | | | | | | — | | | | | 1,895 | | | ||||
Total | | | $ | 4,142,555 | | | | $ | 3,859,075 | | | | | $ | 4,697,713 | | | | $ | 4,142,555 | | |
| Innovating for a Safe Internet | | | Growing an Inclusive Cybersecurity Workforce | | | Promoting Responsible Business | | | Respecting the Environment | |
| We believe that ensuring the digital security and privacy of individuals and organizations enables digital progress, and we strive to create value through security innovation, expertise, research and cooperation. | | | We are committed to building an inclusive, equitable and diverse workforce within our organization and across the industry to help empower individuals to reach their full potential. | | | We are committed to doing business ethically and in compliance with all laws. Our corporate governance practices aim to ensure accountability to meet our responsibilities across our entire value chain. | | | We are focused on addressing the climate change impacts and minimizing the environmental footprint of our solutions, operations and our broader value chain. | |
| Priority issues: Cyber Risks to Society; Information Security & Privacy | | | Priority issues: Diversity, Equity & Inclusion; Cybersecurity Skills Gap | | | Priority issues: Business Ethics; Responsible Product Use | | | Priority issues: Product Environmental Impacts; Climate Change | |
Name | | | Age | | | Position | |
Ken Xie | | | | | Chief Executive Officer and Chairman of the Board of Directors | | |
Michael Xie | | | | | President, Chief Technology Officer and Director | ||
Keith Jensen | | | | | Chief Financial Officer | | |
John Whittle | | | 53 | | | Executive Vice President of Corporate Development, | |
Patrice Perche | | | 60 | | | Chief Revenue Officer and Executive Vice President of Support | |
| Akamai Technologies | | | | |
| ANSYS | | | | |
| Arista Networks | | | | |
| Cadence Design Systems | | | | |
| Check Point Software Technologies | | | | |
| Citrix Systems | | | | |
| CrowdStrike Holdings | | | | |
| | | |||
|
Revenue Performance | | | Funding Amount | |
90% – 100% | | | 40% funding for performance at 90% and 6% funding for every additional 1% of performance between 90% and 100% | |
100% – 140% | | | 1% funding for every additional 1% of performance between 100% and 140% | |
Operating Income Performance | | | Funding Amount | |
90% – 100% | | | 40% funding for performance at 90% and 6% funding for every additional 1% of performance between 90% and 100% | |
100% – 140% | | | 1% funding for every additional 1% of performance between 100% and 140% | |
Name and Principal Positions | | Year | | Salary ($) | | Bonus ($) | | Option Awards ($)(1) | | Stock Awards ($)(1) | | Non-Equity Incentive Plan Compensation ($)(2) | | All Other Compensation ($)(3) | | Total ($) | | | Year | | Salary ($) | | Bonus ($) | | Option Awards ($)(1) | | Stock Awards ($)(1) | | Non-Equity Incentive Plan Compensation ($)(2) | | All Other Compensation ($)(3) | | Total ($) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ken Xie Chief Executive Officer | | | | | 2020 | | | | | 797,000 | | | | | — | | | | | 4,169,569 | | | | | 4,704,899 | | | | | 983,163 | | | | | | | | | | 10,654,631 | | | | | | | 2021 | | | | | 797,000 | | | | | — | | | | | 6,145,875 | | | | | 6,235,385 | | | | | 1,024,951 | | | | | — | | | | | 14,203,211 | | | ||||||||||||||
| | | 2019 | | | | | 750,000 | | | | | — | | | | | 3,985,666 | | | | | 4,139,334 | | | | | 754,923 | | | | | — | | | | | 9,629,923 | | | | | | 2020 | | | | | 797,000 | | | | | — | | | | | 4,169,569 | | | | | 4,704,899 | | | | | 983,163 | | | | | — | | | | | 10,654,631 | | | |||||||||||||||||
| | | 2018 | | | | | 625,000 | | | | | — | | | | | 3,003,220 | | | | | 2,453,000 | | | | | 680,466 | | | | | — | | | | | 6,761,686 | | | | | | 2019 | | | | | 750,000 | | | | | — | | | | | 3,985,666 | | | | | 4,139,334 | | | | | 754,923 | | | | | — | | | | | 9,629,923 | | | |||||||||||||||||
Michael Xie President and Chief Technology Officer | | | | | 2020 | | | | | 445,000 | | | | | — | | | | | 1,653,096 | | | | | 1,865,337 | | | | | 343,090 | | | | | — | | | | | 4,305,023 | | | | | | | 2021 | | | | | 445,000 | | | | | — | | | | | 2,469,229 | | | | | 2,505,192 | | | | | 357,673 | | | | | — | | | | | 5,777,094 | | | ||||||||||||||
| | | 2019 | | | | | 427,000 | | | | | — | | | | | 1,758,779 | | | | | 1,826,589 | | | | | 279,372 | | | | | — | | | | | 4,291,740 | | | | | | 2020 | | | | | 445,000 | | | | | — | | | | | 1,653,096 | | | | | 1,865,337 | | | | | 343,090 | | | | | — | | | | | 4,305,023 | | | |||||||||||||||||
| | | 2018 | | | | | 427,000 | | | | | — | | | | | 1,420,673 | | | | | 1,393,304 | | | | | 232,447 | | | | | — | | | | | 3,473,424 | | | | | | 2019 | | | | | 427,000 | | | | | — | | | | | 1,758,779 | | | | | 1,826,589 | | | | | 279,372 | | | | | — | | | | | 4,291,740 | | | |||||||||||||||||
Keith Jensen Chief Financial Officer | | | | | 2020 | | | | | 490,000 | | | | | — | | | | | 1,377,749 | | | | | 1,554,638 | | | | | 401,000 | | | | | 5,334 | | | | | 3,824,721 | | | | | | | 2021 | | | | | 490,000 | | | | | — | | | | | 2,165,893 | | | | | 2,197,437 | | | | | 431,000 | | | | | 5,343 | | | | | 5,289,673 | | | ||||||||||||||
| | | 2019 | | | | | 442,000 | | | | | — | | | | | 1,278,225 | | | | | 1,327,507 | | | | | 340,797 | | | | | 5,188 | | | | | 3,393,717 | | | | | | 2020 | | | | | 490,000 | | | | | — | | | | | 1,377,749 | | | | | 1,554,638 | | | | | 401,000 | | | | | 5,334 | | | | | 3,824,721 | | | |||||||||||||||||
| | | 2018 | | | | | 400,000 | | | | | 40,000(4) | | | | | 600,644 | | | | | 981,200 | | | | | 229,116 | | | | | 5,052 | | | | | 2,256,012 | | | | | | 2019 | | | | | 442,000 | | | | | — | | | | | 1,278,225 | | | | | 1,327,507 | | | | | 340,797 | | | | | 5,188 | | | | | 3,393,717 | | | |||||||||||||||||
John Whittle Executive Vice President of Corporate Development, General Counsel and Corporate Secretary | | | | | 2020 | | | | | 429,000 | | | | | — | | | | | 804,736 | | | | | 908,055 | | | | | 230,242 | | | | | 5,700 | | | | | 2,377,733 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2019 | | | | | 403,000 | | | | | — | | | | | 910,995 | | | | | 946,119 | | | | | 246,000 | | | | | 5,500 | | | | | 2,511,614 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2018 | | | | | 395,000 | | | | | — | | | | | 876,189 | | | | | 859,041 | | | | | 260,960 | | | | | 5,500 | | | | | 2,396,690 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
John Whittle Executive Vice President of Corporate Development, Chief Legal Officer and Corporate Secretary | | | | | 2021 | | | | | 440,375 | | | | | — | | | | | 1,378,911 | | | | | 1,398,994 | | | | | 312,000 | | | | | 5,800 | | | | | 3,536,080 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2020 | | | | | 429,000 | | | | | — | | | | | 804,736 | | | | | 908,055 | | | | | 230,242 | | | | | 5,700 | | | | | 2,377,733 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2019 | | | | | 403,000 | | | | | — | | | | | 910,995 | | | | | 946,119 | | | | | 246,000 | | | | | 5,500 | | | | | 2,511,614 | | |
Name | | Type of Award | | Grant Date | | Approval Date | | | Estimated Future Payouts Under Non-Equity Incentive Plan Awards(1) | | | All Other Stock Awards: Number of Shares of Stock or Units (#) | | All Other Option Awards: Number of Shares Underlying Options (#) | | Exercise or Base Price of Option Awards ($/Share) | | Grant Date Fair Value of Stock and Option Awards ($)(2) | | | Type of Award | | Grant Date | | Approval Date | | | Estimated Future Payouts Under Non-Equity Incentive Plan Awards(1) | | | All Other Stock Awards: Number of Shares of Stock or Units (#) | | All Other Option Awards: Number of Shares Underlying Options (#) | | Exercise or Base Price of Option Awards ($/Share) | | Grant Date Fair Value of Stock and Option Awards ($)(2) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Threshold ($) | | Target ($) | | Maximum ($) | | | Threshold ($) | | Target ($) | | Maximum ($) | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ken Xie | | | Cash | | — | | — | | | | 30,605 | | | | | 956,400 | | | | | 1,338,960 | | | | | — | | | | | — | | | | | — | | | | | — | | | | Cash | | — | | — | | | | 22,954 | | | | | 956,400 | | | | | 1,338,960 | | | | | — | | | | | — | | | | | — | | | | | — | | | |||||||||||||||||||
| RSU | | 2/21/2020 | | 1/17/2020 | | | | — | | | | | — | | | | | — | | | | | 41,098 | | | | | — | | | | | — | | | | | 4,704,899 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Stock Option | | 2/21/2020 | | 1/17/2020 | | | | — | | | | | — | | | | | — | | | | | — | | | | | 123,294 | | | | | 114.48 | | | | | 4,169,569 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | RSU | | 2/19/2021 | | 1/22/2021 | | | | — | | | | | — | | | | | — | | | | | 36,267 | | | | | — | | | | | — | | | | | 6,235,385 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | Stock Option | | 2/19/2021 | | 1/22/2021 | | | | — | | | | | — | | | | | — | | | | | — | | | | | 108,801 | | | | | 171.93 | | | | | 6,145,875 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Michael Xie | | | Cash | | — | | — | | | | 10,680 | | | | | 333,750 | | | | | 467,250 | | | | | — | | | | | — | | | | | — | | | | | — | | | | Cash | | — | | — | | | | 8,010 | | | | | 333,750 | | | | | 467,250 | | | | | — | | | | | — | | | | | — | | | | | — | | | |||||||||||||||||||
| RSU | | 2/21/2020 | | 1/17/2020 | | | | — | | | | | — | | | | | — | | | | | 16,294 | | | | | — | | | | | — | | | | | 1,865,337 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Stock Option | | 2/21/2020 | | 1/17/2020 | | | | — | | | | | — | | | | | — | | | | | — | | | | | 48,882 | | | | | 114.48 | | | | | 1,653,096 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | RSU | | 2/19/2021 | | 1/22/2021 | | | | — | | | | | — | | | | | — | | | | | 14,571 | | | | | — | | | | | — | | | | | 2,505,192 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | Stock Option | | 2/19/2021 | | 1/22/2021 | | | | — | | | | | — | | | | | — | | | | | — | | | | | 43,713 | | | | | 171.93 | | | | | 2,469,229 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Keith Jensen | | | Cash | | — | | — | | | | 11,760 | | | | | 367,500 | | | | | 514,500 | | | | | — | | | | | — | | | | | — | | | | | — | | | | Cash | | — | | — | | | | 9,408 | | | | | 392,000 | | | | | 548,800 | | | | | — | | | | | — | | | | | — | | | | | — | | | |||||||||||||||||||
| RSU | | 2/21/2020 | | 1/17/2020 | | | | — | | | | | — | | | | | — | | | | | 13,580 | | | | | — | | | | | — | | | | | 1,554,638 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Stock Option | | 2/21/2020 | | 1/17/2020 | | | | — | | | | | — | | | | | — | | | | | — | | | | | 40,740 | | | | | 114.48 | | | | | 1,377,449 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | RSU | | 2/19/2021 | | 1/22/2021 | | | | — | | | | | — | | | | | — | | | | | 12,781 | | | | | — | | | | | — | | | | | 2,197,437 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | Stock Option | | 2/19/2021 | | 1/22/2021 | | | | — | | | | | — | | | | | — | | | | | — | | | | | 38,343 | | | | | 171.93 | | | | | 2,165,893 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
John Whittle | | | Cash | | — | | — | | | | 8,923 | | | | | 278,500 | | | | | 390,390 | | | | | — | | | | | — | | | | | — | | | | | — | | | | Cash | | — | | — | | | | 7,426 | | | | | 309,400 | | | | | 433,160 | | | | | — | | | | | — | | | | | — | | | | | — | | | |||||||||||||||||||
| RSU | | 2/21/2020 | | 1/17/2020 | | | | — | | | | | — | | | | | — | | | | | 7,932 | | | | | — | | | | | — | | | | | 908,055 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Stock Option | | 2/21/2020 | | 1/17/2020 | | | | — | | | | | — | | | | | — | | | | | — | | | | | 23,796 | | | | | 114.48 | | | | | 804,736 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | RSU | | 2/19/2021 | | 1/22/2021 | | | | — | | | | | — | | | | | — | | | | | 8,137 | | | | | — | | | | | — | | | | | 1,398,994 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | Stock Option | | 2/19/2021 | | 1/22/2021 | | | | — | | | | | — | | | | | — | | | | | — | | | | | 24,411 | | | | | 171.93 | | | | | 1,378,911 | | |
| | | | Option Awards | | Stock Awards | | | | | Option Awards | | Stock Awards | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | Number of Securities Underlying Unexercised Options (#) | | | Option Exercise Price ($) | | Option Expiration Date | | Number of Shares or Units of Stock That Have Not Vested (#) | | Market Value of Shares or Units of Stock That Have Not Vested ($)(2) | | | | | Number of Securities Underlying Unexercised Options (#) | | | Option Exercise Price ($) | | Option Expiration Date | | Number of Shares or Units of Stock That Have Not Vested (#) | | Market Value of Shares or Units of Stock That Have Not Vested ($)(2) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Name | | Grant Date(1) | | Exercisable | | Unexercisable | | | Grant Date(1) | | Exercisable | | Unexercisable | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ken Xie | | | 2/11/2016 | | | | 60,000 | | | | | — | | | | | 23.83 | | | | | 2/11/2023 | | | | | — | | | | | — | | | | 2/11/2016 | | | | 60,000 | | | | | — | | | | | 23.83 | | | | | 2/11/2023 | | | | | — | | | | | — | | | |||||||||||||
| 2/16/2017 | | | | 95,833 | | | | | 4,167 | | | | | 37.24 | | | | | 2/16/2024 | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||
| 2/16/2017 | | | | — | | | | | — | | | | | — | | | | | — | | | | | 3,125 | | | | | 464,156 | | | ||||||||||||||||||||||||||||||||||||||||||||||||
| 2/20/2018 | | | | 141,666 | | | | | 58,334 | | | | | 49.06 | | | | | 2/20/2025 | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||
| 2/20/2018 | | | | — | | | | | — | | | | | — | | | | | — | | | | | 15,625 | | | | | 2,320,781 | | | ||||||||||||||||||||||||||||||||||||||||||||||||
| 2/21/2019 | | | | 67,363 | | | | | 79,613 | | | | | 84.49 | | | | | 2/21/2026 | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||
| 2/21/2019 | | | | — | | | | | — | | | | | — | | | | | — | | | | | 27,558 | | | | | 4,093,190 | | | ||||||||||||||||||||||||||||||||||||||||||||||||
| 2/21/2020 | | | | — | | | | | 123,294 | | | | | 114.48 | | | | | 2/21/2027 | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||
| 2/21/2020 | | | | — | | | | | — | | | | | — | | | | | — | | | | | 41,098 | | | | | 6,104,286 | | | ||||||||||||||||||||||||||||||||||||||||||||||||
| | 2/16/2017 | | | | 100,000 | | | | | — | | | | | 37.24 | | | | | 2/16/2024 | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | 2/20/2018 | | | | 191,666 | | | | | 8,334 | | | | | 49.06 | | | | | 2/20/2025 | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | 2/20/2018 | | | | — | | | | | — | | | | | — | | | | | — | | | | | 3,125 | | | | | 1,123,125 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | 2/21/2019 | | | | 104,107 | | | | | 42,869 | | | | | 84.49 | | | | | 2/21/2026 | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | 2/21/2019 | | | | — | | | | | — | | | | | — | | | | | — | | | | | 15,310 | | | | | 5,502,414 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | 2/21/2020 | | | | 56,509 | | | | | 66,785 | | | | | 114.48 | | | | | 2/21/2027 | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | 2/21/2020 | | | | — | | | | | — | | | | | — | | | | | — | | | | | 23,118 | | | | | 8,308,609 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | 2/19/2021 | | | | — | | | | | 108,801 | | | | | 171.93 | | | | | 2/19/2028 | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | 2/19/2021 | | | | — | | | | | — | | | | | — | | | | | — | | | | | 36,267 | | | | | 13,034,360 | | | |||||||||||||||||||||||||||||||||||||||||||||||
Michael Xie | | | 2/11/2016 | | | | 45,000 | | | | | — | | | | | 23.83 | | | | | 2/11/2023 | | | | | — | | | | | — | | | | 2/11/2016 | | | | 45,000 | | | | | — | | | | | 23.83 | | | | | 2/11/2023 | | | | | — | | | | | — | | | |||||||||||||
| 2/16/2017 | | | | 57,499 | | | | | 2,501 | | | | | 37.24 | | | | | 2/16/2024 | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||
| 2/16/2017 | | | | — | | | | | — | | | | | — | | | | | — | | | | | 2,500 | | | | | 371,325 | | | ||||||||||||||||||||||||||||||||||||||||||||||||
| 2/20/2018 | | | | 67,015 | | | | | 27,595 | | | | | 49.06 | | | | | 2/20/2025 | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||
| 2/20/2018 | | | | — | | | | | — | | | | | — | | | | | — | | | | | 8,875 | | | | | 1,318,204 | | | ||||||||||||||||||||||||||||||||||||||||||||||||
| 2/21/2019 | | | | 29,725 | | | | | 35,132 | | | | | 84.49 | | | | | 2/21/2026 | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||
| 2/21/2019 | | | | — | | | | | — | | | | | — | | | | | — | | | | | 12,161 | | | | | 1,806,273 | | | ||||||||||||||||||||||||||||||||||||||||||||||||
| 2/21/2020 | | | | — | | | | | 48,882 | | | | | 114.48 | | | | | 2/21/2027 | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||
| 2/21/2020 | | | | — | | | | | — | | | | | — | | | | | — | | | | | 16,294 | | | | | 2,420,148 | | | ||||||||||||||||||||||||||||||||||||||||||||||||
| | 2/16/2017 | | | | 60,000 | | | | | — | | | | | 37.24 | | | | | 2/16/2024 | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | 2/20/2018 | | | | 90,667 | | | | | 3,943 | | | | | 49.06 | | | | | 2/20/2025 | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | 2/20/2018 | | | | — | | | | | — | | | | | — | | | | | — | | | | | 1,775 | | | | | 637,935 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | 2/21/2019 | ��� | | | | 45,940 | | | | | 18,917 | | | | | 84.49 | | | | | 2/21/2026 | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||
| | 2/21/2019 | | | | — | | | | | — | | | | | — | | | | | — | | | | | 6,756 | | | | | 2,428,106 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | 2/21/2020 | | | | 22,404 | | | | | 26,478 | | | | | 114.48 | | | | | 2/21/2027 | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | 2/21/2020 | | | | — | | | | | — | | | | | — | | | | | — | | | | | 9,166 | | | | | 3,294,260 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | 2/19/2021 | | | | — | | | | | 43,713 | | | | | 171.93 | | | | | 2/19/2028 | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | 2/19/2021 | | | | — | | | | | — | | | | | — | | | | | — | | | | | 14,571 | | | | | 5,236,817 | | | |||||||||||||||||||||||||||||||||||||||||||||||
Keith Jensen | | | 2/16/2017 | | | | 417 | | | | | 834 | | | | | 37.24 | | | | | 2/16/2024 | | | | | — | | | | | — | | | | 2/20/2018 | | | | 834 | | | | | 1,667 | | | | | 49.06 | | | | | 2/20/2025 | | | | | — | | | | | — | | | |||||||||||||
| 2/16/2017 | | | | — | | | | | — | | | | | — | | | | | — | | | | | 1,250 | | | | | 185,663 | | | ||||||||||||||||||||||||||||||||||||||||||||||||
| 2/20/2018 | | | | 834 | | | | | 11,667 | | | | | 49.06 | | | | | 2/20/2025 | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||
| 2/20/2018 | | | | — | | | | | — | | | | | — | | | | | — | | | | | 6,250 | | | | | 928,313 | | | ||||||||||||||||||||||||||||||||||||||||||||||||
| 2/21/2019 | | | | 982 | | | | | 25,533 | | | | | 84.49 | | | | | 2/21/2026 | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||
| 2/21/2019 | | | | — | | | | | — | | | | | — | | | | | — | | | | | 8,838 | | | | | 1,312,708 | | | ||||||||||||||||||||||||||||||||||||||||||||||||
| 2/21/2020 | | | | — | | | | | 40,740 | | | | | 114.48 | | | | | 2/21/2027 | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||
| 2/21/2020 | | | | — | | | | | — | | | | | — | | | | | — | | | | | 13,580 | | | | | 2,017,037 | | | ||||||||||||||||||||||||||||||||||||||||||||||||
| | 2/20/2018 | | | | — | | | | | — | | | | | — | | | | | — | | | | | 1,250 | | | | | 449,250 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | 2/21/2019 | | | | 982 | | | | | 13,749 | | | | | 84.49 | | | | | 2/21/2026 | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | 2/21/2019 | | | | — | | | | | — | | | | | — | | | | | — | | | | | 4,910 | | | | | 1,764,654 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | 2/21/2020 | | | | 849 | | | | | 22,068 | | | | | 114.48 | | | | | 2/21/2027 | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | 2/21/2020 | | | | — | | | | | — | | | | | — | | | | | — | | | | | 7,639 | | | | | 2,745,456 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | 2/19/2021 | | | | — | | | | | 38,343 | | | | | 171.93 | | | | | 2/19/2028 | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | 2/19/2021 | | | | — | | | | | — | | | | | — | | | | | — | | | | | 12,781 | | | | | 4,593,491 | | | |||||||||||||||||||||||||||||||||||||||||||||||
John Whittle | | | 2/11/2016 | | | | 625 | | | | | — | | | | | 23.83 | | | | | 2/11/2023 | | | | | — | | | | | — | | | | 2/11/2016 | | | | 625 | | | | | — | | | | | 23.83 | | | | | 2/11/2023 | | | | | — | | | | | — | | | |||||||||||||
| 2/16/2017 | | | | 8,749 | | | | | 1,251 | | | | | 37.24 | | | | | 2/16/2024 | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||
| 2/16/2017 | | | | — | | | | | — | | | | | — | | | | | — | | | | | 1,875 | | | | | 278,494 | | | ||||||||||||||||||||||||||||||||||||||||||||||||
| 2/20/2018 | | | | 20,665 | | | | | 17,019 | | | | | 49.06 | | | | | 2/20/2025 | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||
| 2/20/2018 | | | | — | | | | | — | | | | | — | | | | | — | | | | | 5,472 | | | | | 812,756 | | | ||||||||||||||||||||||||||||||||||||||||||||||||
| 2/21/2019 | | | | — | | | | | 18,197 | | | | | 84.49 | | | | | 2/21/2026 | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||
| 2/21/2019 | | | | — | | | | | — | | | | | — | | | | | — | | | | | 6,299 | | | | | 935,590 | | | ||||||||||||||||||||||||||||||||||||||||||||||||
| 2/21/2020 | | | | — | | | | | 23,796 | | | | | 114.48 | | | | | 2/21/2027 | | | | | — | | | | | — | | | ||||||||||||||||||||||||||||||||||||||||||||||||
| 2/21/2020 | | | | — | | | | | — | | | | | — | | | | | — | | | | | 7,932 | | | | | 1,178,140 | | | ||||||||||||||||||||||||||||||||||||||||||||||||
| | 2/16/2017 | | | | 8,749 | | | | | — | | | | | 37.24 | | | | | — | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | 2/20/2018 | | | | 20,665 | | | | | 2,432 | | | | | 49.06 | | | | | 2/20/2025 | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | 2/20/2018 | | | | — | | | | | — | | | | | — | | | | | — | | | | | 1,095 | | | | | 393,543 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | 2/21/2019 | | | | — | | | | | 9,799 | | | | | 84.49 | | | | | 2/21/2026 | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | 2/21/2019 | | | | — | | | | | — | | | | | — | | | | | — | | | | | 3,500 | | | | | 1,257,900 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | 2/21/2020 | | | | — | | | | | 12,890 | | | | | 114.48 | | | | | 2/21/2027 | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | 2/21/2020 | | | | — | | | | | — | | | | | — | | | | | — | | | | | 4,462 | | | | | 1,603,643 | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | 2/19/2021 | | | | — | | | | | 24,411 | | | | | 171.93 | | | | | 2/19/2028 | | | | | — | | | | | — | | | |||||||||||||||||||||||||||||||||||||||||||||||
| | 2/19/2021 | | | | — | | | | | — | | | | | — | | | | | — | | | | | 8,137 | | | | | 2,924,437 | | |
| | Option Awards | | Stock Awards | | | Option Awards | | Stock Awards | | ||||||||||||||||||||||||||||||||||||||||
Name | | Number of Shares Acquired on Exercise (#) | | Value Realized on Exercise ($)(1) | | Number of Shares Acquired on Vesting (#) | | Value Realized on Vesting ($)(2) | | | Number of Shares Acquired on Exercise (#) | | Value Realized on Exercise ($)(1) | | Number of Shares Acquired on Vesting (#) | | Value Realized on Vesting ($)(2) | | ||||||||||||||||||||||||||||||||
Ken Xie | | | | — | | | | | — | | | | | 48,934 | | | | | 5,709,558 | | | | | | — | | | | | — | | | | | 45,853 | | | | | 9,915,973 | | | ||||||||
Michael Xie | | | | — | | | | | — | | | | | 29,058 | | | | | 3,391,142 | | | | | | — | | | | | — | | | | | 22,133 | | | | | 4,757,434 | | | ||||||||
Keith Jensen | | | | 44,997 | | | | | 2,626,578 | | | | | 17,812 | | | | | 2,078,923 | | | | | | 40,858 | | | | | 6,025,602 | | | | | 16,119 | | | | | 3,486,861 | | | ||||||||
John Whittle | | | | 38,736 | | | | | 2,647,491 | | | | | 18,652 | | | | | 2,177,116 | | | | | | 35,142 | | | | | 6,012,579 | | | | | 12,521 | | | | | 2,671,892 | | |
| | Qualifying Termination Not Within One Year after a Change of Control(1) | | Qualifying Termination Within One Year after a Change of Control(1) | | | Qualifying Termination Not Within One Year after a Change of Control(1) | | Qualifying Termination Within One Year after a Change of Control(1) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Name | | Salary ($)(2) | | Acceleration of Equity Vesting ($)(3) | | COBRA Benefit ($)(4) | | Salary ($)(2) | | Acceleration of Equity Vesting ($)(5) | | COBRA Benefit ($)(4) | | | Salary ($)(2) | | Acceleration of Equity Vesting ($)(3) | | COBRA Benefit ($)(4) | | Salary ($)(2) | | Acceleration of Equity Vesting ($)(5) | | COBRA Benefit ($)(4) | | ||||||||||||||||||||||||||||||||||||||||||||||||
Ken Xie | | | | 797,000 | | | | | 28,545,219 | | | | | 30,659 | | | | | 797,000 | | | | | 28,545,219 | | | | | 30,659 | | | | | | 797,000 | | | | | 44,504,987 | | | | | 32,815 | | | | | 797,000 | | | | | 79,093,904 | | | | | 32,815 | | | ||||||||||||
Michael Xie | | | | 445,000 | | | | | 12,853,446 | | | | | 30,659 | | | | | 445,000 | | | | | 12,853,446 | | | | | 30,659 | | | | | | 445,000 | | | | | 18,764,902 | | | | | 32,815 | | | | | 445,000 | | | | | 32,701,130 | | | | | 32,815 | | | ||||||||||||
Keith Jensen | | | | 490,000 | | | | | 4,872,100 | | | | | 21,266 | | | | | 490,000 | | | | | 8,719,383 | | | | | 21,266 | | | | | | 490,000 | | | | | 14,636,338 | | | | | 22,754 | | | | | 490,000 | | | | | 26,442,983 | | | | | 22,754 | | | ||||||||||||
John Whittle | | | | 429,000 | | | | | 4,359,094 | | | | | 30,659 | | | �� | | | 429,000 | | | | | 7,012,674 | | | | | 30,659 | | | | | | 442,000 | | | | | 10,009,817 | | | | | 32,815 | | | | | 440,000 | | | | | 17,361,463 | | | | | 32,815 | | |
Name | | Fees Earned or Paid in Cash ($)(1) | | Stock Awards ($)(2) | | Total ($) | | | Fees Earned or Paid in Cash ($)(1) | | Stock Awards ($)(2) | | Total ($) | | ||||||||||||||||||||||||
Kelly Ducourty(3) | | | | 41,671 | | | | | 300,699 | | | | | 342,370 | | | | | | 71,625 | | | | | 298,019 | | | | | 369,644 | | | ||||||
Kenneth A. Goldman(4) | | | | 13,278 | | | | | 159,949 | | | | | 173,227 | | | | | | 81,775 | | | | | 298,019 | | | | | 379,794 | | | ||||||
Ming Hsieh(5) | | | | 78,271 | | | | | 293,393 | | | | | 317,664 | | | | | | 83,800 | | | | | 298,019 | | | | | 381,819 | | | ||||||
Jean Hu(6) | | | | 62,392 | | | | | 239,393 | | | | | 301,785 | | | | | | 78,773 | | | | | 298,019 | | | | | 376,792 | | | ||||||
William H. Neukom(7) | | | | 85,825 | | | | | 239,393 | | | | | 325,218 | | | | | | 97,500 | | | | | 298,019 | | | | | 395,519 | | | ||||||
Christopher B. Paisley(8) | | | | 89,353 | | | | | 239,393 | | | | | 328,746 | | | ||||||||||||||||||||||
Judith Sim(9) | | | | 83,397 | | | | | 239,393 | | | | | 322,790 | | | ||||||||||||||||||||||
Judith Sim(8) | | | | 91,625 | | | | | 298,019 | | | | | 389,644 | | | ||||||||||||||||||||||
Admiral James Stavridis (Ret)(9) | | | | 10,644 | | | | | 181,030 | | | | | 191,674 | | |
| | (a) | | (b) | | (c) | | | (a) | | (b) | | (c) | | ||||||||||||||||||||||||
Plan category | | Number of securities to be issued upon exercise of outstanding options, warrants and rights (#) | | Weighted-average exercise price per share of outstanding options, warrants and rights ($) | | Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) (#) | | | Number of securities to be issued upon exercise of outstanding options, warrants and rights (#) | | Weighted-average exercise price per share of outstanding options, warrants and rights ($) | | Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) (#) | | ||||||||||||||||||||||||
Equity compensation plans approved by security holders | | | | 7,396,977 | | | | $ | 67.53(1) | | | | | 12,318,314(2) | | | | | | 5,885,743 | | | | $ | 43.21(1) | | | | | 11,779,625(2) | | | ||||||
Equity compensation plans not approved by security holders | | | | — | | | | | N/A | | | | | — | | | | | | — | | | | | N/A | | | | | — | | | ||||||
Total | | | | 7,396,977 | | | | $ | 67.53 | | | | | 12,318,314 | | | | | | 5,885,743 | | | | $ | 43.21 | | | | | 11,779,625 | | |
5% Stockholders, Directors, Director Nominees and Officers(1) | | Shares Beneficially Owned (#)(2) | | Percentage Beneficially Owned (%)(2) | | | Shares Beneficially Owned (#)(2) | | Percentage Beneficially Owned (%)(2) | | ||||||||||||||||
5% Stockholders: | | | | | | | | | | | | | | | | | | | | | | | ||||
The Vanguard Group(3) | | | | 15,921,531 | | | | | 9.8% | | | | | | 15,414,022 | | | | | 9.6 | | | ||||
BlackRock, Inc.(4) | | | | 10,757,484 | | | | | 6.6% | | | | | | 11,668,040 | | | | | 7.3 | | | ||||
T. Rowe Price Associates, Inc.(5) | | | | 10,707,518 | | | | | 6.7 | | | |||||||||||||||
Non-Employee Directors and Nominees: | | | | | | | | | | | | | | | | | | | | | | | ||||
Kelly Ducourty | | | | 1,765 | | | | | * | | | | | | 2,075 | | | | | * | | | ||||
Kenneth A. Goldman(5) | | | | 4,350 | | | | | * | | | |||||||||||||||
Kenneth A. Goldman(6) | | | | 6,489 | | | | | * | | | |||||||||||||||
Ming Hsieh | | | | 8,202 | | | | | * | | | | | | 9,382 | | | | | * | | | ||||
Jean Hu | | | | 3,476 | | | | | * | | | | | | 4,655 | | | | | * | | | ||||
William H. Neukom | | | | 54,973 | | | | | * | | | | | | 56,152 | | | | | * | | | ||||
Christopher B. Paisley | | | | 76,823 | | | | | * | | | |||||||||||||||
Judith Sim | | | | 25,702 | | | | | * | | | | | | 26,881 | | | | | * | | | ||||
Admiral James Stavridis (Ret) | | | | — | | | | | * | | | |||||||||||||||
Named Executive Officers: | | | | | | | | | | | | | | | | | | | | | | | ||||
Ken Xie(6) | | | | 15,731,750 | | | | | 9.6% | | | |||||||||||||||
Michael Xie(7) | | | | 14,467,931 | | | | | 8.8% | | | |||||||||||||||
Keith Jensen(8) | | | | 11,907 | | | | | * | | | |||||||||||||||
John Whittle(9) | | | | 37,150 | | | | | * | | | |||||||||||||||
All directors and current executive officers as a group (11 persons) (10) | | | | 30,424,029 | | | | | 18.6% | | | |||||||||||||||
Ken Xie(7) | | | | 15,816,512 | | | | | 9.8 | | | |||||||||||||||
Michael Xie(8) | | | | 14,295,152 | | | | | 8.9 | | | |||||||||||||||
Keith Jensen(9) | | | | 11,400 | | | | | * | | | |||||||||||||||
John Whittle(10) | | | | 35,151 | | | | | * | | | |||||||||||||||
All directors and current executive officers as a group (12 persons) (11) | | | | 30,358,924 | | | | | 18.8 | | |
| | | Year Ended | | |||||||||
| | | December 31, 2021 | | | December 31, 2020 | | ||||||
Total revenue | | | | $ | 3,342.2 | | | | | $ | 2,594.4 | | |
Add: Change in deferred revenue | | | | | 847.6 | | | | | | 496.2 | | |
Less: Deferred revenue balance acquired in business acquisitions | | | | | (4.1) | | | | | | (0.6) | | |
Less: Adjustment due to adoption of ASU 2021-08(1) | | | | | (4.3) | | | | | | — | | |
Total billings | | | | $ | 4,181.4 | | | | | $ | 3,090.0 | | |
| | | Year Ended | | |||||||||
| | | December 31, 2021 | | | December 31, 2020 | | ||||||
Net cash provided by operating activities | | | | $ | 1,499.7 | | | | | $ | 1,083.7 | | |
Less: Purchases of property and equipment | | | | | (295.9) | | | | | | (125.9) | | |
Less: Proceeds from intellectual property matter | | | | | — | | | | | | (50.0) | | |
Free cash flow | | | | $ | 1,203.8 | | | | | $ | 907.8 | | |
Net cash used in investing activities | | | | $ | (1,325.1) | | | | | $ | (72.8) | | |
Net cash provided by (used in) financing activities | | | | $ | 82.8 | | | | | $ | (1,171.6) | | |