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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating activities    
Net income (loss) $ 16,664 $ (294,317)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Intangible asset amortization 461,782 368,476
Acquisition accounting inventory fair value step-up adjustment 203,189 148,637
Share-based compensation 160,438 135,887
Deferred tax expense (benefit) (146,874) 96,593
Impairment charge 133,648 0
Acquired in-process research and development 69,148 0
Loss on disposal of a business 39,258 0
Non-cash interest expense 32,002 66,055
Depreciation 22,958 19,387
Provision for losses on accounts receivable and inventory 13,066 13,444
Other non-cash transactions (26,352) 9,622
Changes in assets and liabilities:    
Accounts receivable (43,868) (27,956)
Inventories (50,458) (33,891)
Prepaid expenses and other current assets 23,801 (34,722)
Operating lease assets 10,672 12,054
Other non-current assets (4,006) (1,837)
Accounts payable 4,188 19,167
Accrued liabilities 17,864 93,534
Income taxes payable (172) 9,171
Deferred revenue (1,570) (1,608)
Operating lease liabilities, less current portion (12,139) (13,423)
Other non-current liabilities 6,767 16,479
Net cash provided by operating activities 930,006 600,752
Investing activities    
Proceeds from sale of a business 53,000 0
Purchases of property, plant and equipment (19,668) (17,674)
Acquisition of intangible assets (25,000) (17,891)
Acquisition of investments (61,036) (26,694)
Acquired in-process research and development (69,148) 0
Proceeds from maturity of investments 0 1,095,000
Acquisition of a business, net of cash acquired 0 (6,234,792)
Net cash used in investing activities (121,852) (5,202,051)
Financing activities    
Proceeds from employee equity incentive and purchase plans 67,863 117,111
Share repurchases (54) 0
Payment of employee withholding taxes related to share-based awards (42,632) (29,603)
Repayments of long-term debt (574,264) (843,028)
Net proceeds from issuance of borrowings under credit agreement 0 3,719,930
Net proceeds from issuance of Senior Secured Notes, due 2029 0 1,471,533
Payments for repurchase of Exchangeable Senior Notes, due 2021 0 (218,812)
Net cash (used in) provided by financing activities (549,087) 4,217,131
Effect of exchange rates on cash and cash equivalents (11,157) (1,821)
Net increase (decrease) in cash and cash equivalents 247,910 (385,989)
Cash and cash equivalents, at beginning of period 591,448 1,057,769
Cash and cash equivalents, at end of period $ 839,358 $ 671,780