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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 302,843 $ 221,154
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred taxes 2,047 (5,481)
Depreciation and amortization 38,185 26,715
Stock-based compensation 51,918 44,024
Equity in losses of investee 6,610 4,950
Other non-cash operating activities 11,363 9,432
Changes in assets and liabilities, net of effects of acquisitions:    
Accounts receivable (89,843) (84,437)
Inventories (17,192) (10,709)
Prepaid expenses and other assets (47,775) (5,848)
Accounts payable 5,042 4,220
Accrued and other long-term liabilities (25,436) 18,752
Long-term income tax payable (18,435) 243
Deferred revenues 94,059 53,198
Net cash provided by operating activities 313,386 276,213
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions, net of cash acquired 0 (8,953)
Purchase of property, plant and equipment (169,033) (126,150)
Purchase of marketable securities (150,022) (356,928)
Proceeds from maturities of marketable securities 259,870 260,487
Purchases of investments in privately held companies (5,000) (12,764)
Proceeds from sales of marketable securities 9,560 32,291
Loan advances to equity investee 0 (23,000)
Loan repayment from equity investee 30,000 6,000
Other investing activities 604 (2,767)
Net cash used in investing activities (24,021) (231,784)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 16,607 13,850
Common stock repurchases (250,002) (53,793)
Employees’ taxes paid upon the vesting of restricted stock units (81,756) (39,093)
Net cash used in financing activities (315,151) (79,036)
Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash (2,890) 4,806
Net decrease in cash, cash equivalents, and restricted cash (28,676) (29,801)
Cash, cash equivalents, and restricted cash at beginning of the period 450,125 393,019
Cash, cash equivalents, and restricted cash at end of the period 421,449 363,218
SUPPLEMENTAL CASH FLOW INFORMATION:    
Accounts payable or accrued liabilities related to property, plant and equipment 24,281 21,992
Conversion of convertible notes receivable into equity securities $ 4,862 $ 0