XML 42 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities:    
Net income $ 145,686 $ 133,382
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 112,228 86,501
Stock-based compensation 56,792 47,732
Provision for doubtful accounts 464 1,199
Excess tax benefits from stock-based compensation (19,661) (9,622)
Provision for deferred income taxes 21,840 0
Amortization of debt discount and issuance costs 6,457 0
Loss from disposal of property and equipment 38 309
Loss on investments 393 0
Change in fair value of contingent consideration 300 0
Gain and other activity related to divestiture of a business 0 (2,281)
Changes in operating assets and liabilities, net of effects of acquisitions and divestitures:    
Accounts receivable (41,254) (35,203)
Prepaid expenses and other current assets (12,998) (16,208)
Accounts payable and accrued expenses 21,459 23,695
Deferred revenue 4,750 6,612
Other current liabilities 1,419 (223)
Other non-current assets and liabilities (8,666) (1,605)
Net cash provided by operating activities 289,247 234,288
Cash flows from investing activities:    
Cash (paid) received for acquired businesses, net of cash acquired (386,532) 80
Purchases of property and equipment (97,992) (102,222)
Capitalization of internal-use software development costs (56,533) (35,127)
Purchases of short- and long-term marketable securities (863,591) (309,875)
Proceeds from sales of short- and long-term marketable securities 354,313 77,720
Proceeds from maturities of short- and long-term marketable securities 183,809 209,473
Proceeds from the sale of property and equipment 584 426
Other non-currents assets and liabilities 1,444 (362)
Net cash used in investing activities (864,498) (159,887)
Cash flows from financing activities:    
Proceeds from the issuance of convertible senior notes, net of issuance costs 678,735 0
Proceeds from the issuance of warrants related to convertible senior notes 77,970 0
Purchase of note hedge related to convertible senior notes (101,292) 0
Payment of acquired debt and capital leases (17,862) 0
Proceeds related to the issuance of common stock under stock plans 57,999 28,261
Excess tax benefits from stock-based compensation 19,661 9,622
Employee taxes paid related to net share settlement of stock-based awards (34,248) (21,125)
Repurchases of common stock (187,491) (82,782)
Net cash provided by (used in) financing activities 493,472 (66,024)
Effects of exchange rate changes on cash and cash equivalents 2,053 (5,501)
Net (decrease) increase in cash and cash equivalents (79,726) 2,876
Cash and cash equivalents at beginning of period 333,891 201,989
Cash and cash equivalents at end of period 254,165 204,865
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 60,360 35,796
Non-cash financing and investing activities:    
Purchases of property and equipment and capitalization of internal-use software development costs included in accounts payable and accrued expenses 36,146 14,344
Capitalization of stock-based compensation 7,727 6,183
Convertible note receivable received for divestiture of a business $ 0 $ 18,882