XML 22 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net income (loss) $ (56,558) $ 56,089 $ 117,016
Adjustments to reconcile net income (loss) to net cash from operating activities:      
Depreciation of property and equipment 7,201 2,260 1,590
Amortization of intangible assets 111,930 31,870 20,624
Stock-based compensation expense 33,462 21,101 11,517
Bad debt expense 2,404 0 0
Deferred income tax and other, net (18,294) 7,694 19,477
Amortization of premium or discount on investments 372 4,072 (2,601)
Patents acquired through settlement agreements (1,664) 0 0
Loss on disposal of property and equipment 251 0 0
Amortization of debt issuance costs 2,423 201 0
Changes in operating assets and liabilities, net of business acquisitions:      
Accounts receivable (3,551) 13,957 2,694
Unbilled contract receivable, net 48,168 0 0
Other assets 3,458 18,067 (10,051)
Accounts payable (3,298) 1,709 (2,685)
Accrued legal fees (22) 4,884 (1,819)
Accrued and other liabilities 19,192 (1,573) (5,074)
Deferred revenue 1,791 (6,471) (3,412)
Net cash from operating activities 147,265 153,860 147,276
Cash flows from investing activities:      
Purchases of property and equipment (3,323) (3,794) (1,002)
Proceeds from sale of property and equipment 235 0 0
Purchases of short-term available-for-sale investments (33,102) (161,595) (298,848)
Proceeds from sales of short-term investments 1,035 299,524 149,975
Proceeds from maturities of short-term investments 16,487 171,255 174,738
Acquisition, net of cash acquired 0 (888,204) (38,561)
Purchases of intangible assets (176) (9,582) (7,588)
Net cash from investing activities (18,844) (592,396) (21,286)
Cash flows from financing activities:      
Proceeds from debt, net 0 583,039 0
Repayment of debt (6,000) 0 0
Dividend paid (39,509) (39,158) (41,677)
Proceeds from exercise of stock options 4,873 6,285 8,995
Proceeds from employee stock purchase program 4,132 1,998 1,665
Repurchase of common stock (19,283) (70,601) (123,282)
Net cash from financing activities (55,787) 481,563 (154,299)
Net increase (decrease) in cash and cash equivalents 72,634 43,027 (28,309)
Cash and cash equivalents at beginning of period 65,626 22,599 50,908
Cash and cash equivalents at end of period 138,260 65,626 22,599
Supplemental disclosure of cash flow information:      
Interest paid 28,068 0 0
Income taxes paid, net of refunds 15,678 7,676 36,781
Supplemental disclosure of non-cash investing activities:      
Fair value of unvested DTS equity awards assumed relating to pre-acquisition services $ 0 $ 13,124 $ 0