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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating Activities      
Net income (loss) $ 681,813 $ 575,667 $ (20,719)
Loss from discontinued operations 0 0 42,704
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Amortization and impairment of intangible assets 67,230 62,913 82,878
Depreciation and amortization of property and equipment 72,079 78,983 87,137
Amortization of debt discount and transaction costs 10,219 39,099 38,298
Amortization of deferred costs 44,829 38,144 0
Amortization of operating lease right-of-use assets 50,163    
Stock-based compensation expense 278,892 203,619 165,120
Deferred income tax (benefit) expense (244,933) (13,156) 94,158
Effects of exchange rate changes on monetary assets and liabilities denominated in foreign currencies 2,631 7,950 (7,645)
Other non-cash items 10,630 11,872 11,924
Total adjustments to reconcile net income (loss) to net cash provided by operating activities 291,740 429,424 471,870
Changes in operating assets and liabilities, net of the effects of acquisitions:      
Accounts receivable (38,994) 18,703 (33,904)
Inventories 3,046 (8,239) (2,545)
Prepaid expenses and other current assets (7,129) (7,855) (18,327)
Other assets (74,152) (33,638) 2,116
Income taxes, net (22,147) (56,988) 318,795
Accounts payable 8,994 6,804 (7,238)
Accrued expenses and other current liabilities (25,722) 36,967 34,886
Deferred revenues (38,780) 69,499 174,426
Other liabilities 4,401 5,001 2,282
Total changes in operating assets and liabilities, net of the effects of acquisitions (190,483) 30,254 470,491
Net cash provided by operating activities of continuing operations 783,070 1,035,345 964,346
Net cash used in operating activities of discontinued operations 0 0 (56,070)
Net cash provided by operating activities 783,070 1,035,345 908,276
Investing Activities      
Purchases of available-for-sale investments (20,003) (466,687) (1,155,659)
Proceeds from sales of available-for-sale investments 942,985 455,417 775,135
Proceeds from maturities of available-for-sale investments 178,070 468,145 466,900
Purchases of property and equipment (63,454) (69,354) (80,901)
Cash paid for acquisitions, net of cash acquired 0 (248,929) (60,449)
Cash paid for licensing agreements, patents and technology (3,500) (3,210) (7,379)
Other 1,651 (3,202) 2,323
Net cash (used in) provided by investing activities of continuing operations 1,035,749 132,180 (60,030)
Net cash used in investing activities of discontinued operations 0 0 (3,891)
Net cash provided by (used in) investing activities 1,035,749 132,180 (63,921)
Financing Activities      
Proceeds from issuance of common stock under stock-based compensation plans 0 164 2,114
Proceeds from revolving credit facility 200,000 0 165,000
Repayments on credit facility (200,000) 0 (165,000)
Proceeds from 2027 notes, net of issuance costs 0 0 741,039
Repayment of acquired debt 0 (5,674) (4,000)
Stock repurchases, net (453,853) (1,261,153) (1,174,957)
Accelerated stock repurchase program 0 0 (150,000)
Cash paid for tax withholding on vested stock awards (89,213) (71,593) (80,040)
Common stock cash dividends paid (182,947) (46,799) 0
Repayment on convertible debt (1,164,497) (272,986) 0
Transfer of cash to GoTo Business resulting from the separation 0 0 (28,523)
Net cash used in financing activities (1,890,510) (1,658,041) (694,367)
Effect of exchange rate changes on cash and cash equivalents (1,314) (5,848) 8,186
Change in cash and cash equivalents (73,005) (496,364) 158,174
Cash and cash equivalents at beginning of period, including cash of discontinued operations of $120,861 in 2017 618,766 1,115,130 956,956
Cash and cash equivalents at end of period $ 545,761 $ 618,766 $ 1,115,130