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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income $ 87,049 $ 54,369
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 47,449 52,674
Deferred income taxes 0 (28,085)
Share-based compensation 51,191 29,890
Gain on short-term investments, net (6,558) (1,828)
Gain on investments in privately-held companies (9,569) 0
Impairment charges 2,843 1,567
Changes in assets and liabilities:    
Accounts receivable (49,726) (1,451)
Inventories 11,800 (30,598)
Prepaid expenses and other assets 4,047 718
Accounts payable 1,969 12,530
Accrued and other liabilities 6,509 12,334
Net cash provided by operating activities 147,004 102,120
Cash flows from investing activities:    
Purchase of short-term investments (364,777) (82,486)
Proceeds from sales and maturities of short-term investments 198,221 76,289
Proceeds from sales of property and equipment 0 3,239
Purchase of property and equipment (15,208) (20,078)
Purchase of intangibles and other assets (2,850) (6,995)
Proceeds from sale of an investment in a privately-held company 16,887 0
Purchase of investments in privately-held companies (4,247) (6,000)
Acquisition, net of cash acquired 0 (7,129)
Net cash used in investing activities (171,974) (43,160)
Cash flows from financing activities:    
Principal payments on term debt 0 (74,000)
Payments on intangible asset financings (4,019) (3,446)
Proceeds from share issuances through employee stock plans 18,121 19,341
Net cash provided by (used in) financing activities 14,102 (58,105)
Net increase (decrease) in cash, cash equivalents, and restricted cash (10,868) 855
Cash, cash equivalents, and restricted cash at beginning of period 64,650 70,498
Cash, cash equivalents, and restricted cash at end of period $ 53,782 $ 71,353