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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 30, 2019
Mar. 31, 2018
Cash Flows from Operating Activities    
Net loss $ (79,465) $ (80,877)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Provision for doubtful accounts 32 0
Provision for inventory obsolescence 1,478 6,337
Depreciation 13,373 10,456
Non-cash lease expense 7,713 0
Write-off of property and equipment 0 7,259
Amortization of intangible assets 2,060 1,748
Stock-based compensation 20,544 23,641
Deferred income taxes (20) (1,799)
Other (50) (275)
Changes in operating assets and liabilities, net of acquisition:    
Accounts receivable 163,592 191,982
Inventories (50,958) (27,307)
Prepaid expenses and other assets 12,594 39,610
Fitbit Force recall reserve 46 (132)
Accounts payable (81,656) (84,155)
Accrued liabilities and other liabilities (69,962) (70,147)
Lease liabilities (4,972) 0
Deferred revenue (2,259) (6,010)
Income taxes payable 257 (173)
Net cash provided by (used in) operating activities (67,653) 10,158
Cash Flows from Investing Activities    
Purchase of property and equipment (6,096) (12,616)
Purchases of marketable securities (111,615) (141,404)
Sales of marketable securities 0 50,795
Maturities of marketable securities 128,309 148,041
Acquisition, net of cash acquired 0 (13,646)
Net cash provided by investing activities 10,598 31,170
Cash Flows from Financing Activities    
Repayment of debt 0 (747)
Payment of financing lease liability (597) 0
Proceeds from issuance of common stock 931 992
Taxes paid related to net share settlement of restricted stock units (6,422) (5,179)
Net cash used in financing activities (6,088) (4,934)
Net increase (decrease) in cash and cash equivalents (63,143) 36,394
Cash and cash equivalents at beginning of period 473,956 341,966
Cash and cash equivalents at end of period $ 410,813 $ 378,360