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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Flows from Operating Activities      
Net Income (Loss) Attributable to Parent $ (320,711) $ (185,829) $ (277,192)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Provision for doubtful accounts 297 56 7,893
Provision for excess and obsolete inventory 6,011 11,828 14,833
Depreciation 54,139 48,889 39,971
Non-cash lease expense 19,170 0 0
Amortization of intangible assets 8,699 7,926 5,722
Accelerated depreciation of property and equipment 206 7,731 5,250
Amortization of issuance costs and discount on debt 0 785 951
Stock-based compensation 77,739 97,009 91,581
Deferred income taxes 384 (2,548) 173,906
Impairment of equity investment 0 6,000 0
Other 515 (1,395) 216
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable (21,313) (8,036) 63,784
Inventories (18,471) (12,860) 92,129
Prepaid expenses and other assets 15,141 125,914 (113,111)
Fitbit Force recall reserve (1) (445) (789)
Accounts payable (52,560) 35,207 (86,115)
Accrued liabilities and other liabilities 93,262 (11,978) 56,172
Increase (Decrease) in Lease Liabilities (22,889) 0 0
Deferred revenue 4,006 (5,622) (7,472)
Income taxes payable (456) 575 (3,488)
Net cash provided by (used in) operating activities (156,832) 113,207 64,241
Cash Flows from Investing Activities      
Purchase of property and equipment (36,531) (52,880) (89,160)
Purchase of marketable securities (347,579) (353,948) (597,933)
Sales of marketable securities 9,124 9,983 42,406
Maturities of marketable securities 405,596 433,594 622,525
Acquisitions, net of cash acquired (4,849) (19,253) (556)
Equity investment 0 0 (6,000)
Net cash provided by (used in) investing activities 25,761 17,496 (28,718)
Cash Flows from Financing Activities      
Repayment of debt (550) (747) 0
Finance Lease, Principal Payments (2,703) 0 0
Proceeds from issuance of common stock 13,018 21,470 19,011
Taxes paid related to net share settlement of restricted stock units (18,171) (19,436) (14,376)
Net cash provided by (used in) financing activities (8,406) 1,287 4,635
Net increase (decrease) in cash and cash equivalents (139,477) 131,990 40,158
Effect of exchange rate changes on cash and cash equivalents 0 0 488
Cash and cash equivalents at beginning of period 473,956 341,966 301,320
Cash and cash equivalents at end of period 334,479 473,956 341,966
Supplemental Disclosure      
Cash paid for interest 669 631 1,019
Cash paid (received) for income taxes, net of $72 million income tax refund in 2018 (4,181) (69,868) 382
Supplemental Disclosure of Non-Cash Investing and Financing Activity      
Purchase of property and equipment included in accounts payable and accrued liabilities 5,720 6,615 4,197
Property acquired under capital leases 0 2,700 0
Contingent consideration related to acquisitions $ 1,889 $ 0 $ 0