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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (93,908) $ (60,941)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 48,771 44,610
Non-cash interest expense 8,870 17,300
Accretion of discount on investments (1,510) (41)
Stock-based compensation 82,590 75,214
Gain on sale of intangible assets (15,000) (20,000)
Deferred income taxes (10,083) (29,681)
Unrealized foreign exchange (gain) loss 799 (5,693)
Non-cash changes in the fair value of contingent consideration 4,891 1,828
Other (3,603) 1,772
Changes in operating assets and liabilities:    
Accounts receivable, net (31,030) (77,416)
Inventory (33,119) 15,493
Other current assets (4,989) (2,037)
Other assets (4,593) (6,448)
Accounts payable and accrued liabilities (37,571) (32,989)
Other long-term liabilities 10,279 2,663
Net cash used in operating activities (79,206) (76,366)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (61,387) (52,682)
Maturities and sales of investments 423,477 311,969
Purchases of available-for-sale securities (386,320) (345,458)
Proceeds from sale of intangible asset 0 20,000
Purchase of intangible assets (5,770) 0
Proceeds from sale of intangible asset (808) (841)
Net cash used in investing activities (30,808) (67,012)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercises of awards under equity incentive plans 19,013 44,926
Taxes paid related to net share settlement of equity awards (36,900) (28,614)
Payment of contingent acquisition consideration (57,507) (43,108)
Other (1,347) 0
Net cash used in financing activities (76,741) (26,796)
Effect of exchange rate changes on cash 350 (443)
NET DECREASE IN CASH AND CASH EQUIVALENTS (186,405) (170,617)
Cash and cash equivalents:    
Beginning of period 493,982 [1] 598,028
End of period 307,577 427,411
SUPPLEMENTAL CASH FLOW DISCLOSURES:    
Cash paid for income taxes 3,933 14,858
Cash paid for interest 4,295 5,831
SUPPLEMENTAL CASH FLOW DISCLOSURES FOR NON CASH INVESTING AND FINANCING ACTIVITIES:    
Decrease in accounts payable and accrued liabilities related to fixed assets $ (3,467) $ (7,734)
[1]
December 31, 2018 balances were derived from the audited Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018, filed with the SEC on February 28, 2019.