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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
OPERATING ACTIVITIES:    
Net income $ 955,062 $ 850,359
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 65,157 46,695
Amortization 85,426 85,981
Provision for uncollectible accounts, net 16,117 13,233
Deferred income tax benefit (79,863) (41,577)
Stock-based compensation expense and other stock-based payments 121,016 115,269
Amortization of debt issuance costs 3,744 4,218
Amortization of debt discount 34,180 33,211
Impairment of cost-method investments 63,208 0
Changes in assets and liabilities:    
Accounts receivable (344,147) (287,940)
Prepaid expenses and other current assets (286,976) (300,482)
Accounts payable, accrued expenses and other current liabilities 687,973 405,818
Other (10,563) (13,426)
Net cash provided by operating activities 1,310,334 911,359
INVESTING ACTIVITIES:    
Purchase of investments (2,701,662) (4,686,507)
Proceeds from sale of investments 2,176,868 2,231,926
Additions to property and equipment (113,699) (84,351)
Acquisitions and other investments, net of cash acquired (795) (45,937)
Proceeds from foreign currency contracts 0 453,818
Payments on foreign currency contracts 0 (448,640)
Change in restricted cash (6) (225)
Net cash used in investing activities (639,294) (2,579,916)
FINANCING ACTIVITIES:    
Proceeds from the issuance of long-term debt 994,705 1,610,449
Payment of debt issuance costs - revolving credit facility 0 (3,770)
Payments related to conversion of senior notes 0 (147,629)
Repurchase of common stock (525,144) (986,581)
Proceeds from exercise of stock options 9,766 12,825
Excess tax benefits on stock-based awards and other equity deductions 61,470 68,241
Net cash provided by financing activities 540,797 553,535
Effect of exchange rate changes on cash and cash equivalents 4,616 (144,680)
Net increase (decrease) in cash and cash equivalents 1,216,453 (1,259,702)
Cash and cash equivalents, beginning of period 1,477,265 3,148,651
Cash and cash equivalents, end of period 2,693,718 1,888,949
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid during the period for income taxes 496,403 472,350
Cash paid during the period for interest 43,727 13,537
Non-cash investing activity for contingent consideration $ 0 $ 9,170