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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash Flows from Operating Activities      
Net loss $ (185,829) $ (277,192) $ (102,777)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Provision for doubtful accounts 56 7,893 339
Provision for excess and obsolete inventory 11,828 14,833 4,993
Depreciation 48,889 39,971 36,046
Amortization of intangible assets 7,926 5,722 2,087
Accelerated depreciation of property and equipment 7,731 5,250 19,805
Amortization of issuance costs and discount on debt 785 951 466
Stock-based compensation 97,009 91,581 79,432
Deferred income taxes (2,548) 173,906 (100,434)
Impairment of equity investment 6,000 0 0
Other (1,395) 216 (423)
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable (8,036) 63,784 (8,701)
Inventories (12,860) 92,129 (61,975)
Prepaid expenses and other assets 125,914 (113,111) (37,876)
Fitbit force recall reserve (445) (789) (3,869)
Accounts payable 35,207 (86,115) 45,654
Accrued liabilities and other liabilities (11,978) 56,172 213,361
Deferred revenue (5,622) (7,472) 5,456
Income taxes payable 575 (3,488) 47,136
Net cash provided by operating activities 113,207 64,241 138,720
Cash Flows from Investing Activities      
Purchase of property and equipment (52,880) (89,160) (78,640)
Purchase of marketable securities (353,948) (597,933) (638,055)
Sales of marketable securities 9,983 42,406 46,511
Maturities of marketable securities 433,594 622,525 315,774
Acquisitions, net of cash acquired (19,253) (556) (38,256)
Equity investment 0 (6,000) 0
Net cash provided by (used in) investing activities 17,496 (28,718) (392,666)
Cash Flows from Financing Activities      
Repayment of debt 747 0 0
Payment of offering costs 0 0 (1,236)
Proceeds from issuance of common stock 21,470 19,011 25,969
Taxes paid related to net share settlement of restricted stock units (19,436) (14,376) (4,939)
Net cash provided by financing activities 1,287 4,635 19,794
Net increase (decrease) in cash and cash equivalents 131,990 40,158 (234,152)
Effect of exchange rate changes on cash and cash equivalents 0 488 (374)
Cash and cash equivalents at beginning of period 341,966 301,320 535,846
Cash and cash equivalents at end of period 473,956 341,966 301,320
Supplemental Disclosure      
Cash paid for interest 631 1,019 624
Cash paid (received) for income taxes, net of $72 million income tax refund in 2018 (69,868) 382 34,014
Supplemental Disclosure of Non-Cash Investing and Financing Activity      
Purchase of property and equipment included in accounts payable and accrued liabilities 6,615 4,197 19,778
Property acquired under capital leases $ 2,700 $ 0 $ 0