XML 19 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net income (loss) $ (187,083) $ 24,047
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 15,027 11,058
Stock-based compensation 30,613 20,769
Expense related to senior note conversions 54,130  
Other, net 71 178
Unrealized loss on long term investment 5,814 2,950
Change in fair value of acquisition-related contingent consideration 7,356  
Changes in operating assets and liabilities:    
Accounts receivable (96,217) 13,170
Prepaid expenses and other assets (25,094) (3,667)
Inventory 790 752
Accounts payable 10,728 1,814
Accrued and other liabilities 10,227 29,679
Deferred revenue-collaborative agreements   (3,215)
Net cash provided by (used in) operating activities (173,638) 97,535
Cash flows from investing activities:    
Purchase of long term investments (123,891)  
Capital expenditures (20,967) (5,562)
Purchases of marketable securities (106,271) (16,795)
Sale and maturities of marketable securities 112,310 51,114
Net cash provided by (used in) investing activities (138,819) 28,757
Cash flows from financing activities:    
Restricted investments, net (16) 110
Proceeds from issuance of common stock under stock plans 33,736 10,219
Cash paid in connection with senior note conversions (8,097)  
Direct financing arrangements repayments   (445)
Payment of contingent consideration (3,679)  
Net cash provided by financing activities 21,944 9,884
Effect of exchange rates on cash and cash equivalents (7)  
Net increase (decrease) in cash and cash equivalents (290,520) 136,176
Cash and cash equivalents at beginning of period 652,343 [1] 521,439
Cash and cash equivalents at end of period 361,823 657,615
Supplemental Schedule of Cash Flow Information    
Interest paid   846
Income taxes paid 2,244 14
Unpaid purchases of property and equipment 9,139  
0.375% Convertible Senior Notes due 2018    
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Expense related to senior note conversions 1,500  
Supplemental Schedule of Cash Flow Information    
Reclassification to common stock and additional paid in capital in connection with conversions or exchange of convertible senior notes 334,162  
1.25% Convertible Senior Notes due 2020    
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Expense related to senior note conversions 5,100  
Supplemental Schedule of Cash Flow Information    
Reclassification to common stock and additional paid in capital in connection with conversions or exchange of convertible senior notes $ 328,382 $ 4
[1] The condensed consolidated balance sheet at December 31, 2016 has been derived from the audited financial statements at that date.