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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Oct. 01, 2016
Cash Flows from Operating Activities    
Net income (loss) $ (231,722) $ 43,496
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Provision for doubtful accounts 7,805 0
Provision for inventory obsolescence 13,395 1,014
Depreciation 28,338 23,883
Write-off of property and equipment 5,250 762
Amortization of intangible assets 4,134 1,578
Stock-based compensation 67,256 58,175
Deferred income taxes 132,815 (27,794)
Other 1,301 (323)
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable 208,899 7,756
Inventories 79,448 (50,883)
Prepaid expenses and other assets (125,504) (38,788)
Fitbit Force recall reserve (668) (3,628)
Accounts payable (122,160) (13,125)
Accrued liabilities and other liabilities (48,201) 43,285
Deferred revenue (9,846) 554
Income taxes payable (1,822) 19,756
Net cash provided by operating activities 8,718 65,718
Cash Flows from Investing Activities    
Purchase of property and equipment (58,199) (66,798)
Purchases of marketable securities (494,540) (552,752)
Sales of marketable securities 19,806 45,011
Maturities of marketable securities 500,576 249,269
Acquisitions, net of cash acquired (556) (5,600)
Net cash used in investing activities (32,913) (330,870)
Cash Flows from Financing Activities    
Payments of offering costs 0 (1,236)
Proceeds from issuance of common stock 13,893 18,316
Taxes paid related to net share settlement of restricted stock units (10,804) (3,228)
Net cash provided by financing activities 3,089 13,852
Net decrease in cash and cash equivalents (21,106) (251,300)
Effect of exchange rate on cash and cash equivalents 467 (326)
Cash and cash equivalents at beginning of period 301,320 535,846
Cash and cash equivalents at end of period $ 280,681 $ 284,220