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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
OPERATING ACTIVITIES:      
Net income $ 60,801 $ 64,743 $ 74,564
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 110,730 88,945 72,665
Non-cash impairment charges 4,941 3,290 0
Deferred income tax benefit (8,184) (67,304) (6,474)
Share-based compensation 20,779 21,550 17,310
Amortization of debt issuance costs 6,270 2,722 2,529
Non-cash interest expense 0 0 8,074
Realized loss on sale of short-term investments 0 2,287 0
Loss on disposal of property and equipment 1,385 6,989 1,765
Gain on divestiture of business 0 (2,645) 0
Change in fair value of contingent consideration and others 1,214 (4,710) (13)
Payment of accreted interest 0 0 (42,786)
Changes in assets and liabilities, net of business acquisitions:      
Accounts receivable (17,021) (89,698) (17,518)
Inventories 8,300 99 (9,576)
Prepaid expenses and other current assets 3,933 (33,808) 14,912
Other non-current assets 1,052 (914) (475)
Accounts payable, accrued expenses and other current liabilities 3,588 95,321 (414)
Deferred revenue 1,504 3,874 1,251
Other non-current liabilities 391 23,803 591
Net cash provided by operating activities 199,683 114,544 116,405
INVESTING ACTIVITIES:      
Change in restricted cash 0 0 4,165
Proceeds from sale of short-term investments 0 16,951 0
Proceeds from note receivable 910 483 0
Cash used in business acquisitions, net of cash acquired 26,704 (1,241,946) 225
Purchases of property and equipment (77,741) (43,503) (47,328)
Proceeds from sales of property and equipment 422 293 316
Proceeds from divestiture of business 0 46,387 0
Net cash used in investing activities (49,705) (1,221,335) (42,622)
FINANCING ACTIVITIES:      
Proceeds from borrowings of long-term indebtedness 171,200 1,307,000 680,000
Payments on debt (660,000) (117,000) (511,250)
Net cash paid for contingent consideration (38,196) (4,661) 0
Proceeds from the issuance of common stock, net of issuance costs 349,590 0 0
Payment of liability component of convertible notes 0 0 (184,313)
Payment of capital lease obligation 0 0 (653)
Debt issuance costs (5,037) (19,043) (4,530)
Proceeds from exercised stock options 9,392 9,774 10,481
Cash taxes paid in net equity settlement (7,821) (7,123) (4,851)
Net cash provided by (used in) financing activities (180,872) 1,168,947 (15,116)
Effect of exchange rate changes on cash and cash equivalents (5,203) 10,724 (4,744)
Net increase (decrease) in cash and cash equivalents (36,097) 72,880 53,923
Cash and cash equivalents at beginning of period 174,935 102,055 48,132
Cash and cash equivalents at end of period $ 138,838 $ 174,935 $ 102,055