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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
OPERATING ACTIVITIES:    
Net income $ 333,327 $ 331,218
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 21,674 15,552
Amortization 43,328 22,824
Provision for uncollectible accounts, net 9,021 3,671
Deferred income taxes (35,172) 8,828
Stock-based compensation expense and other stock-based payments 54,533 39,412
Amortization of debt issuance costs 1,543 1,346
Amortization of debt discount 16,691 12,412
Loss on early extinguishment of debt 3 3,396
Changes in assets and liabilities:    
Accounts receivable (120,593) (94,156)
Prepaid expenses and other current assets (292,668) (317,812)
Accounts payable, accrued expenses and other current liabilities 201,215 147,608
Other (23,919) 2,705
Net cash provided by operating activities 208,983 177,004
INVESTING ACTIVITIES:    
Purchase of investments (1,969,292) (2,612,047)
Proceeds from sale of investments 880,774 2,652,013
Additions to property and equipment (31,263) (29,731)
Acquisitions and other investments, net of cash acquired (26,162) (2,633)
Proceeds from foreign currency contracts 453,818 0
Payments on foreign currency contracts (448,640) (43,380)
Change in restricted cash (55) (5,077)
Net cash used in investing activities (1,140,820) (40,855)
FINANCING ACTIVITIES:    
Proceeds from the issuance of long-term debt 1,619,951 0
Payment of debt issuance costs (8,064) 0
Payments related to conversion of senior notes (147,629) (58,449)
Repurchase of common stock (308,618) (96,660)
Proceeds from exercise of stock options 9,070 7,693
Excess tax benefits on stock-based compensation 49,538 5,499
Net cash provided by (used in) financing activities 1,214,248 (141,917)
Effect of exchange rate changes on cash and cash equivalents (175,248) 3,924
Net increase (decrease) in cash and cash equivalents 107,163 (1,844)
Cash and cash equivalents, beginning of period 3,148,651 1,289,994
Cash and cash equivalents, end of period 3,255,814 1,288,150
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid during the period for income taxes 379,603 367,160
Cash paid during the period for interest 10,841 5,821
Non-cash investing activity for contingent consideration $ 9,170 $ 0