XML 39 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
OPERATING ACTIVITIES:      
Net income $ 1,424,037 $ 1,059,131 $ 528,142
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 32,818 20,648 16,209
Amortization 32,323 33,176 34,255
Provision for uncollectible accounts, net 16,094 9,331 7,102
Deferred income tax expense 19,596 44,747 37,540
Stock-based compensation and other stock based payments 72,035 66,194 68,396
Amortization of debt issuance costs 5,212 2,360 3,332
Amortization of debt discount 39,820 21,414 20,110
Loss on early extinguishment of debt 0 32 11,334
Changes in assets and liabilities:      
Accounts receivable (105,277) (125,793) (29,275)
Prepaid expenses and other current assets (40,793) 12,213 (22,373)
Accounts payable, accrued expenses and other current liabilities 256,021 210,325 84,750
Other 33,864 (11,966) 17,775
Net cash provided by operating activities 1,785,750 1,341,812 777,297
INVESTING ACTIVITIES:      
Purchase of investments (6,352,495) (3,005,397) (1,813,032)
Proceeds from sale of investments 4,799,412 2,229,563 1,071,669
Additions to property and equipment (55,158) (46,833) (22,593)
Acquisitions and other equity investments, net of cash acquired (33,861) (68,192) (112,405)
Proceeds from foreign currency contracts 86,159 31,045 44,564
Payments on foreign currency contracts (4,014) (42,032) (9,561)
Change in restricted cash (2,756) (2,922) 260
Net cash used in investing activities (1,562,713) (904,768) (841,098)
FINANCING ACTIVITIES:      
Proceeds from the issuance of convertible senior notes 1,000,000    575,000
Payment of debt issuance costs (20,916)    (13,334)
Payments related to conversion of senior notes (1) (213) (295,401)
Repurchase of common stock (257,021) (163,171) (129,445)
Payments to purchase subsidiary shares from noncontrolling interests (61,079) (12,986) 0
Proceeds from the sale of subsidiary shares to noncontrolling interests 0    4,311
Proceeds from exercise of stock options 2,683 4,302 25,751
Proceeds from the termination of conversion spread hedges 0    42,984
Excess tax benefit from stock-based compensation 5,189 21,041 3,091
Net cash provided by (used in) financing activities 668,855 (151,027) 212,957
Effect of exchange rate changes on cash and cash equivalents 11,621 (12,148) 7,670
Net increase in cash and cash equivalents 903,513 273,869 156,826
Cash and cash equivalents, beginning of period 632,836 358,967 202,141
Cash and cash equivalents, end of period 1,536,349 632,836 358,967
SUPPLEMENTAL CASH FLOW INFORMATION:      
Cash paid during the period for income taxes 300,539 232,762 169,320
Cash paid during the period for interest 13,933 7,573 4,901
Non-cash fair value increase for redeemable noncontrolling interests $ 84,693 $ 91,743 $ 7,876