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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 74,149 $ 48,488
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 9,662 6,246
Stock-based compensation 27,592 20,047
Deferred income taxes (6,876) (2,266)
Excess tax benefit on stock-based compensation (15,967) (22,975)
Amortization of investment premiums 385 883
Changes in operating assets and liabilities:    
Accounts receivable (2,396) (25,360)
Inventories (26,001) (22,297)
Prepaid expenses and other current assets (2,838) (20,747)
Other assets 1,866 (3,257)
Accounts payable 18,501 11,822
Accrued liabilities (5,196) 3,082
Deferred revenue 33,516 57,975
Income taxes payable 17,853 21,846
Other liabilities 1,779 (114)
Net cash provided by operating activities 126,029 73,373
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of marketable securities (292,938) 0
Purchases of property and equipment (12,042) (8,768)
Purchases of intangible assets (697) (705)
Investment in privately-held companies (2,500) 0
Net cash used in investing activities (308,177) (9,473)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal payments of lease financing obligations (634) (514)
Proceeds from issuance of common stock upon exercising options, net of repurchases 6,317 11,991
Minimum tax withholding paid on behalf of employees for net share settlement (599) 0
Proceeds from issuance of common stock under employee stock purchase plan 4,888 4,856
Excess tax benefit on stock-based compensation 15,967 22,975
Issuance costs from initial public offering 0 (261)
Net cash provided by financing activities 25,939 39,047
Effect of exchange rate changes (59) (20)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (156,268) 102,927
CASH AND CASH EQUIVALENTS—Beginning of period 687,326 240,031
CASH AND CASH EQUIVALENTS—End of period 531,058 342,958
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Cash paid for income taxes, net of refunds 18,584 3,501
Cash paid for interest—lease financing obligation 1,469 1,509
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING INFORMATION:    
Property and equipment included in accounts payable and accrued liabilities $ 1,408 $ 619