XML 20 R5.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net (loss) income $ (2,514) $ 29,744
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 46,231 19,775
Deferred income taxes 1,266 134
Share-based compensation 36,360 25,004
Gain on investments, net (489) (2,388)
Impairment loss on equity investment in a private company 0 3,189
Changes in assets and liabilities, net of effect of acquisition:    
Accounts receivable (16,886) 3,918
Inventories 10,598 (22,513)
Prepaid expenses and other assets 3,598 419
Accounts payable 9,679 8,755
Accrued liabilities and other liabilities 5,583 21,063
Net cash provided by operating activities 93,426 87,100
Cash flows from investing activities:    
Purchase of severance-related insurance policies (546) (381)
Purchase of short-term investments (153,486) (188,161)
Proceeds from sales of short-term investments 200,457 98,742
Proceeds from maturities of short-term investments 97,388 30,717
Purchase of property and equipment (15,755) (20,413)
Purchase of equity investments in private companies (107) 0
Acquisition net of cash acquired of $87.5 million (698,501) 0
Net cash used in investing activities (570,550) (79,496)
Cash flows from financing activities:    
Proceeds from term debt 280,000 0
Principal payments on term debt (7,000) 0
Term debt issuance costs (5,521) 0
Principal payments on capital lease obligations (491) (556)
Proceeds from exercise of share awards 10,438 9,829
Net cash provided by financing activities 277,426 9,273
Net (decrease) increase in cash and cash equivalents (199,698) 16,877
Cash and cash equivalents at beginning of period 263,199 51,326
Cash and cash equivalents at end of period $ 63,501 $ 68,203