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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 14,951 $ 59,475 $ 170,714
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 77,094 66,108 57,053
Non-cash interest expense, net 18,709 13,509 13,105
Non-cash change in fair value 710 3,884 0
Gain on asset acquisition and sale of business (22,690) 0 0
Change in deferred revenue (7,749) 6,966 (36,892)
Deferred income taxes 4,123 (45,426) 64,950
Share-based compensation 7,603 7,089 18,062
Impairment of long-term investment 3,312 200 0
Loss on extinguishment of debt 5,488 0 0
Loss (gain) on disposal of assets 119 8,323 0
Other 623 (625) (2)
(Increase) decrease in assets:      
Receivables 6,742 31,615 12,171
Deferred charges and other assets (27,206) (6,065) 19,426
Increase (decrease) in liabilities:      
Accounts payable (638) 6,203 (3,789)
Accrued compensation and other expenses 9,699 254 (3,218)
Accrued taxes payable and other tax contingencies (1,457) (4,718) 4,220
Net cash provided by operating activities 89,433 146,792 315,800
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of short-term investments (92,436) (142,555) (930,016)
Sales of short-term investments 389,032 399,105 751,308
Purchases of property and equipment (4,509) (2,576) (2,071)
Capitalized patent costs (33,481) (32,069) (34,933)
Acquisition of patents 0 (2,250) 0
Acquisition of business, net of cash acquired 0 (142,985) 0
Proceeds from sale of business 10,000 0 0
Long-term investments (350) (6,686) (4,585)
Net cash provided by (used in) investing activities 268,256 69,984 (220,297)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net proceeds from exercise of stock options 2 6,723 382
Proceeds from issuance of senior convertible notes 400,000 0 0
Payments on long-term debt (221,091) 0 0
Purchase of convertible bond hedge (72,000) 0 0
Payment for warrant unwind (4,184) 0 0
Prepayment penalty on long term debt (10,763) 0 0
Proceeds from hedge unwind 9,038 0 0
Proceeds from issuance of warrants 47,600 0 0
Payments of debt issuance costs (8,375) 0 0
Proceeds from non-controlling interests 15,666 0 6,801
Dividends paid (44,580) (48,468) (43,255)
Shares withheld for taxes (4,368) (8,807) (22,798)
Repurchase of common stock (196,269) (110,505) (7,693)
Net cash used in financing activities (89,324) (161,057) (66,563)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 268,365 55,719 28,940
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 488,733 433,014 404,074
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD $ 757,098 $ 488,733 $ 433,014