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Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Operating Activities      
Net income (loss) $ 575,667 $ (20,719) $ 536,112
Loss (income) from discontinued operations 0 42,704 (66,257)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Amortization and impairment of intangible assets 62,913 82,878 70,494
Depreciation and amortization of property and equipment 78,983 87,137 107,954
Amortization of debt discount and transaction costs 39,099 38,298 37,085
Amortization of deferred costs 38,144 0 0
Stock-based compensation expense 203,619 165,120 152,739
Deferred income tax (benefit) expense (13,156) 94,158 (21,654)
Excess tax benefit from stock-based compensation     (16,049)
Effects of exchange rate changes on monetary assets and liabilities denominated in foreign currencies 7,950 (7,645) 5,189
Other non-cash items 11,872 11,924 8,618
Total adjustments to reconcile net income (loss) to net cash provided by operating activities 429,424 471,870 344,376
Changes in operating assets and liabilities, net of the effects of acquisitions:      
Accounts receivable 18,703 (33,904) (61,662)
Inventories (8,239) (2,545) (4,133)
Prepaid expenses and other current assets (7,855) (18,327) (12,077)
Other assets (33,638) 2,116 (2,747)
Income taxes, net (56,988) 318,795 42,431
Accounts payable 6,804 (7,238) (16,365)
Accrued expenses and other current liabilities 36,967 34,886 22,650
Deferred revenues 69,499 174,426 142,381
Other liabilities 5,001 2,282 22,459
Total changes in operating assets and liabilities, net of the effects of acquisitions 30,254 470,491 132,937
Net cash provided by operating activities of continuing operations 1,035,345 964,346 947,168
Net cash (used in) provided by operating activities of discontinued operations 0 (56,070) 168,662
Net cash provided by operating activities 1,035,345 908,276 1,115,830
Investing Activities      
Purchases of available-for-sale investments (466,687) (1,155,659) (2,238,784)
Proceeds from sales of available-for-sale investments 455,417 775,135 1,294,636
Proceeds from maturities of available-for-sale investments 468,145 466,900 632,517
Purchases of property and equipment (69,354) (80,901) (85,035)
Cash paid for acquisitions, net of cash acquired (248,929) (60,449) (13,242)
Cash paid for licensing agreements and product related intangible assets (3,210) (7,379) (25,940)
Other (3,202) 2,323 1,181
Net cash provided by (used in) investing activities of continuing operations 132,180 (60,030) (434,667)
Net cash used in investing activities of discontinued operations 0 (3,891) (49,537)
Net cash provided by (used in) investing activities 132,180 (63,921) (484,204)
Financing Activities      
Proceeds from issuance of common stock under stock-based compensation plans 164 2,114 41,247
Proceeds from revolving credit facility 0 165,000 0
Repayments on credit facility 0 (165,000) 0
Proceeds from 2027 notes, net of issuance costs 0 741,039 0
Repayment of acquired debt (5,674) (4,000) 0
Excess tax benefit from stock-based compensation     16,049
Stock repurchases, net (1,261,153) (1,174,957) (28,689)
Accelerated stock repurchase program 0 (150,000) 0
Cash paid for tax withholding on vested stock awards (71,593) (80,040) (66,638)
Common stock cash dividends paid (46,799) 0 0
Repayment on convertible debt (272,986) 0 0
Transfer of cash to GoTo Business resulting from the separation 0 (28,523) 0
Net cash used in financing activities (1,658,041) (694,367) (38,031)
Effect of exchange rate changes on cash and cash equivalents (5,848) 8,186 (5,157)
Change in cash and cash equivalents (496,364) 158,174 588,438
Cash and cash equivalents at beginning of period, including cash of discontinued operations of $0, $120,861 and $57,762, respectively 1,115,130 956,956 368,518
Cash and cash equivalents at end of period 618,766 1,115,130 956,956
Less cash of discontinued operations 0 0 (120,861)
Cash and cash equivalents at end of period 618,766 1,115,130 836,095
Supplemental Cash Flow Information      
Cash paid for income taxes 110,808 61,126 64,361
Cash paid for interest $ 41,834 $ 8,764 $ 7,847