XML 22 R9.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income (Loss) $ (64,080) $ 859,100 $ (23,848)
Adjustments to reconcile net income (loss) to net cash used in operating activities:      
Depreciation and amortization 108,039 105,172 105,300
Non-cash interest expense 4,146 16,511 13,960
Amortization of premium on investments (accretion of discount) 5,155 567 (2,000)
Stock-based compensation expense 197,263 189,711 159,865
Gain on sale of nonfinancial assets 0 (59,495) (25,000)
Inventory reserves, net of stock-based compensation 0 75,609 0
Deferred income taxes (15,608) (888,907) (82,760)
Unrealized foreign exchange loss (gain) (1,810) 8,011 1,025
Non-cash changes in the fair value of contingent consideration 8,026 4,500 5,205
Other (2,629) (997) (2,393)
Changes in operating assets and liabilities:      
Accounts receivable, net 65,574 (59,035) (37,852)
Inventory (35,060) (61,151) (107,554)
Other current assets 29,760 18,312 (27,008)
Other assets (6,593) (28,647) (8,895)
Accounts payable and accrued liabilities 15,689 (87,025) 77,089
Other long-term liabilities (3,336) (6,871) 3,128
Net cash provided by operating activities 304,536 85,365 48,262
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of property, plant and equipment (95,578) (114,312) (145,026)
Maturities and sales of investments 691,049 555,834 740,211
Purchase of available-for-sale debt securities (937,143) (529,663) (632,023)
Proceeds from sale of nonfinancial assets 0 67,159 25,000
Purchase of intangible assets (23,647) (23,207) (18,380)
Investment in convertible note 0 (8,709) 0
Other (994) (723) (808)
Net cash used in investing activities (366,313) (53,621) (31,026)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from exercises of awards under equity incentive plans 49,194 71,913 31,611
Taxes paid related to net share settlement of equity awards (45,805) (44,638) (42,680)
Repurchase of common stock 0 (50,000) 0
Proceeds from convertible senior subordinated note offering, net 0 585,752 0
Repayments of convertible debt 0 (374,991) 0
Payment of contingent consideration 0 0 (58,518)
Principal repayments of financing leases (3,039) (6,918) (5,087)
Other (398) 0 0
Net cash provided by (used in) financing activities (48) 181,118 (74,674)
Effect of exchange rate changes on cash (57) (1,150) 902
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (61,882) 211,712 (56,536)
Cash and cash equivalents:      
Beginning of period 649,158 437,446 493,982
End of period 587,276 649,158 437,446
SUPPLEMENTAL CASH FLOW DISCLOSURES:      
Cash paid for interest, net of interest capitalized into fixed assets 10,395 12,178 8,552
Cash paid for income taxes 18,153 8,977 9,726
SUPPLEMENTAL CASH FLOW DISCLOSURES FOR NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Increase (decrease) in accounts payable and accrued liabilities related to fixed assets (4,749) (5,184) 7,589
Increase (decrease) in accounts payable and accrued liabilities related to intangible assets $ 9,428 $ (292) $ 4,247