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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities    
Net income $ 267,173 $ 203,438
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of convertible notes and term loan offering costs 13,473 9,921
Change in fair value of acquired royalty rights (72,992) 0
Losses on Extinguishment of Debt (6,143) 0
Depreciation, Amortization and Accretion, Net (144) (360)
Hedge ineffectiveness on foreign exchange contracts (5) (9)
Stock-based compensation expense 1,026 559
Deferred Tax Expense from Stock Options Exercised 0 (15)
Deferred income taxes (6,493) (663)
Changes in assets and liabilities:    
Receivables from licensees and other 50 (534)
Prepaid and other current assets 1,959 3,298
Accrued interest on notes receivable (8,367) (6,573)
Other assets (29) 28
Accounts payable 792 395
Accrued liabilities 3,325 1,302
Increase (Decrease) in Income Taxes Payable 6,494 3,231
Other long-term liabilities 10,834 (5,483)
Net cash provided by operating activities 223,239 208,535
Cash flows from investing activities    
Payments to Acquire Available-for-sale Securities 0 9,875
Maturities of investments 0 42,098
Purchase of royalty rights (15,500) 0
Payments for (Proceeds from) Productive Assets 81,717 0
Issuance of notes receivable (215,000) (48,708)
Repayment of notes receivable 0 59,279
Payments to Acquire Property, Plant, and Equipment 49 2
Net cash used in investing activities (148,832) 42,792
Cash flows from financing activities    
Repurchase of Convertible Notes 29,906 0
Proceeds from the issuance of Convertible Notes, net 300,000 0
Payment of debt issuance costs (9,287) 0
Purchase of purchased call options, net of tax (30,951) 0
Proceeds from Issuance of Warrants 11,427 0
Repayments of Notes Payable (56,250) 0
Cash dividends paid (72,135) (62,943)
Net cash provided by/(used in) financing activities 112,898 (62,943)
Net increase in cash and cash equivalents 187,305 188,384
Cash and cash equivalents at beginning of the period 94,302 [1] 131,212
Cash and cash equivalents at end of period 281,607 [2]  
Supplemental cash flow information    
Cash paid for income taxes 134,000 101,000
Cash paid for interest (including convertible debt inducement) 15,217 8,086
Other Significant Noncash Transaction, Value of Consideration Given $ 157,591 $ 0
[1] Note 1
[2] unaudited