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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating activities    
Net (loss) $ (91,351) $ (5,796)
Adjustments to reconcile net (loss) to cash (used in) provided by operating activities    
Stock-based compensation 60,242 47,573
Amortization and depreciation 50,622 31,742
Deferred income taxes (40,531) (1,388)
Foreign currency transaction loss (gain) 3,577 (558)
Other non-cash (363) (1,377)
Change in operating assets and liabilities, net 4,342 (3,108)
Cash (used in) provided by operating activities (13,462) 67,088
Investing activities    
Purchases of investments (11,182) (68,177)
Proceeds from maturities and called investments 13,066 26,456
Sales of investments 68,937 0
Payments for acquisitions, net of cash acquired (10,934) 0
Investment in property and equipment (6,439) (7,874)
Cash provided by (used in) investing activities 53,448 (49,595)
Financing activities    
Dividend payments to shareholders (7,105) (7,067)
Common stock repurchases (54,836) (64,597)
Cash (used in) financing activities (61,941) (71,664)
Effect of exchange rate changes on cash and cash equivalents (363) (1,913)
Net (decrease) in cash and cash equivalents (22,318) (56,084)
Cash and cash equivalents, beginning of period 114,422 162,279
Cash and cash equivalents, end of period $ 92,104 $ 106,195