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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net income $ 131,228 $ 91,426
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 72,018 77,455
Deferred income taxes 0 (27,973)
Share-based compensation 82,417 49,046
Gain on short-term investments, net (10,526) (3,135)
Gain on investments in privately-held companies (9,569) 0
Impairment charges 3,045 2,806
Changes in assets and liabilities:    
Accounts receivable (51,936) 11,441
Inventories 15,558 (41,837)
Prepaid expenses and other assets 10,534 (128)
Accounts payable 10,850 13,661
Accrued and other liabilities 23,404 (4,273)
Net cash provided by operating activities 277,023 168,489
Cash flows from investing activities:    
Purchase of short-term investments (619,256) (228,229)
Proceeds from sales and maturities of short-term investments 325,787 156,744
Proceeds from sales of property and equipment 48 3,239
Purchase of property and equipment (26,951) (28,992)
Purchase of intangibles and other assets (4,298) (7,428)
Proceeds from sale of an investment in a privately-held company 16,887 0
Purchase of investments in privately-held companies (4,319) (7,500)
Acquisition, net of cash acquired 0 (7,379)
Net cash used in investing activities (312,102) (119,545)
Cash flows from financing activities:    
Principal payments on term debt 0 (74,000)
Payments on intangible asset financings (8,590) (6,519)
Proceeds from share issuances through employee stock plans 31,657 33,267
Net cash provided by (used in) financing activities 23,067 (47,252)
Net increase (decrease) in cash, cash equivalents, and restricted cash (12,012) 1,692
Cash, cash equivalents, and restricted cash at beginning of period 64,650 70,498
Cash, cash equivalents, and restricted cash at end of period $ 52,638 $ 72,190