XML 21 R6.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net income $ 375,236 $ 355,260 $ 544,450
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation of property and equipment and amortization of other intangible assets 61,491 63,690 60,655
Stock-based compensation 46,075 43,977 36,649
Excess tax benefit associated with stock-based compensation (18,464) (6,054) (19,320)
Unrealized loss (gain) on Derivatives 14,130 (2,249) 17,801
contingent interest payment for debenture 10,759 0 0
Amortization of Financing Costs and Discounts 12,292 10,878 9,748
(Gain) loss on Sale of Investments (185) 5 (18,861)
Other, net (1,596) 475 4,434
Changes in operating assets and liabilities      
Accounts receivable 661 (73) (2,500)
Prepaid expenses and other assets (1,728) 11,571 (2,694)
Accounts payable and accrued liabilities 21,013 45,419 19,065
Deferred revenues 70,988 34,518 43,254
Net deferred income taxes and other long term tax liabilities 82,328 43,532 (113,284)
Net cash provided by operating activities 651,482 600,949 579,397
Cash flows from investing activities:      
Proceeds from maturities and sales of marketable securities 2,767,027 3,428,659 3,508,569
Purchases of marketable securities (3,219,329) (3,277,096) (3,450,068)
Purchases of property and equipment (40,656) (39,327) (65,594)
Other investing activities (3,941) 452 (3,969)
Net cash provided by (used in) investing activities (496,899) 112,688 (11,062)
Cash flows from financing activities:      
Proceeds from issuance of common stock from option exercises and employee stock purchase plans 14,690 17,597 20,667
Repurchases of common stock (643,169) (883,403) (1,035,617)
Proceeds received from borrowing 492,237 0 738,297
Repayments of borrowings 0 0 (100,000)
Excess tax benefit associated with stock-based compensation 18,464 6,054 19,320
Net cash used in financing activities (117,778) (859,752) (357,333)
Effect of exchange rate changes on cash and cash equivalents 246 (1,500) (2,515)
Net increase (decrease) in cash and cash equivalents 37,051 (147,615) 208,487
Cash and cash equivalents at beginning of period 191,608 339,223 130,736
Cash and cash equivalents at end of period 228,659 191,608 339,223
Supplemental cash flow disclosures:      
Cash paid for interest, net of capitalized interest 99,473 75,088 58,928
Cash paid for income taxes, net of refunds received $ 39,723 $ 35,201 $ 26,133