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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jul. 01, 2017
Jul. 02, 2016
Cash Flows from Operating Activities    
Net income (loss) $ (118,319) $ 17,376
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Provision for inventory obsolescence 8,409 665
Depreciation 19,199 13,121
Write-off of property and equipment 5,250 649
Amortization of intangible assets 2,753 1,066
Stock-based compensation 44,459 38,170
Deferred income taxes 16,137 (36,452)
Other 1,428 (700)
Changes in operating assets and liabilities:    
Accounts receivable 261,165 91,537
Inventories 81,486 (13,351)
Prepaid expenses and other assets (50,324) (16,085)
Fitbit Force recall reserve (500) (2,974)
Accounts payable (216,959) (39,425)
Accrued liabilities and other liabilities (43,963) 54,000
Deferred revenue (5,477) 1,973
Income taxes payable (1,516) 14,857
Net cash provided by operating activities 3,228 124,427
Cash Flows from Investing Activities    
Purchase of property and equipment (39,817) (36,745)
Purchases of marketable securities (317,678) (392,738)
Sales of marketable securities 13,806 38,814
Maturities of marketable securities 351,144 140,262
Acquisitions, net of cash acquired 0 (5,600)
Net cash provided by (used in) investing activities 7,455 (256,007)
Cash Flows from Financing Activities    
Payments of offering costs 0 (1,236)
Proceeds from issuance of common stock 11,407 14,467
Taxes paid related to net share settlement of restricted stock units (5,234) (1,107)
Cash and cash equivalents at end of period 6,173 12,124
Net increase (decrease) in cash and cash equivalents 16,856 (119,456)
Effect of exchange rate on cash and cash equivalents 532 (248)
Cash and cash equivalents at beginning of period 301,320 535,846
Cash and cash equivalents at end of period $ 318,708 $ 416,142