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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 69,420 $ 40,546
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred taxes 7,789 (6,113)
Depreciation and amortization 7,867 4,792
Stock-based compensation 14,812 12,524
Net tax benefits from stock-based awards 0 7,220
Excess tax benefit from share-based payment arrangements 0 (8,082)
Equity in losses of investee 1,121 0
Other non-cash operating activities 2,079 3,754
Changes in assets and liabilities, net of effects of acquisitions:    
Accounts receivable (24,525) (20,839)
Inventories (7,923) (3,155)
Prepaid expenses and other assets (527) (618)
Accounts payable 5,522 447
Accrued and other long-term liabilities (39,702) (14,544)
Deferred revenues 11,688 14,748
Net cash provided by operating activities 47,621 30,680
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions, net of cash acquired (8,953) 0
Purchase of property, plant and equipment (59,569) (20,207)
Purchase of marketable securities (169,777) (143,926)
Proceeds from maturities of marketable securities 87,003 128,524
Proceeds from sales of marketable securities 11,684 293
Loan advance to privately held companies (8,000) 0
Other investing activities 2,314 0
Net cash used in investing activities (145,298) (35,316)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 7,288 5,384
Common stock repurchases (3,793) 0
Excess tax benefit from share-based payment arrangements 0 8,082
Employees’ taxes paid upon the vesting of restricted stock units (36,496) (22,572)
Net cash used in financing activities (33,001) (9,106)
Effect of foreign exchange rate changes on cash and cash equivalents 2,430 446
Net decrease in cash and cash equivalents (128,248) (13,296)
Cash and cash equivalents, beginning of the period 389,275 167,714
Cash and cash equivalents, end of the period 261,027 154,418
SUPPLEMENTAL CASH FLOW INFORMATION:    
Accounts payable or accrued liabilities related to property, plant and equipment $ 7,662 $ 10,842