XML 16 R10.htm IDEA: XBRL DOCUMENT v2.4.0.8
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
OPERATING ACTIVITIES:    
Net income $ 1,514,721 $ 1,134,442
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 33,965 23,321
Amortization 46,889 24,192
Provision for uncollectible accounts, net 12,678 11,287
Deferred income taxes 11,450 16,446
Stock-based compensation expense and other stock-based payments 91,810 52,042
Amortization of debt issuance costs 4,352 3,790
Amortization of debt discount 41,225 28,831
Changes in assets and liabilities:    
Accounts receivable (283,961) (232,660)
Prepaid expenses and other current assets (8,514) (97,057)
Accounts payable, accrued expenses and other current liabilities 280,945 318,054
Other 1,403 6,243
Net cash provided by operating activities 1,746,963 1,288,931
INVESTING ACTIVITIES:    
Purchase of investments (7,100,081) (4,790,106)
Proceeds from sale of investments 5,341,488 3,069,242
Additions to property and equipment (56,958) (38,950)
Acquisitions and other equity investments, net of cash acquired (331,557) (13,871)
Proceeds from settlement of foreign currency contracts 3,266 78,828
Payments on foreign currency contracts (56,045) (2,222)
Change in restricted cash (1,506) (3,474)
Net cash used in investing activities (2,201,393) (1,700,553)
FINANCING ACTIVITIES:    
Proceeds from the issuance of convertible debt 980,000 1,000,000
Payment of debt issuance costs (910) (20,916)
Payments related to conversion of senior notes (8) (1)
Repurchase of common stock (883,008) (255,397)
Payments to purchase subsidiary shares from noncontrolling interests (192,530) (61,079)
Payments of stock issuance costs (1,191) 0
Proceeds from exercise of stock options 86,310 2,655
Excess tax benefit from stock-based compensation 13,318 12,911
Net cash provided by financing activities 1,981 678,173
Effect of exchange rate changes on cash and cash equivalents 12,194 (917)
Net (decrease) increase in cash and cash equivalents (440,255) 265,634
Cash and cash equivalents, beginning of period 1,536,349 632,836
Cash and cash equivalents, end of period 1,096,094 898,470
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid during the period for income taxes 265,303 205,256
Cash paid during the period for interest 18,614 13,463
Non-cash fair value increase for redeemable noncontrolling interests 42,522 59,255
Non-cash financing activity for acquisitions $ 1,546,748 $ 0