XML 34 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 27, 2013
Sep. 28, 2012
Cash Flows from Operating Activities:    
Net income $ 341,131 $ 436,002
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 34,256 25,786
Amortization of acquisition-related intangible assets 2,974 640
Stock-based compensation 73,011 70,790
Net gain on sale of available-for-sale securities (129) 0
Amortization of investment, net 2,575 0
Deferred income tax benefit (5,629) (3,367)
Tax effect of employee stock plans 5,405 14,381
Excess tax benefit from employee stock plans (4,165) (20,790)
Changes in assets and liabilities, net of effects of acquisitions:    
Accounts receivable, net (111,231) (116,000)
Inventories (2,494) (35,569)
Other assets 29,517 5,478
Accounts payable and other liabilities 12,509 (34,670)
Deferred income and allowances on sales to distributors 95,961 120,475
Income taxes payable (8,753) (650)
Deferred compensation plan obligations (5,489) (2,001)
Net cash provided by operating activities 459,449 460,505
Cash Flows from Investing Activities:    
Purchases of property and equipment (31,216) (53,712)
Proceeds from sales of deferred compensation plan securities, net 5,489 2,001
Purchases of available-for-sale securities (258,809) (819,662)
Proceeds from sale and maturity of available-for-sale securities 228,292 135,650
Acquisitions, net of cash acquired (145,321) 0
Purchases of intangible assets 0 (2,280)
Purchases of other investments (2,101) (4,510)
Net cash used in investing activities (203,666) (742,513)
Cash Flows from Financing Activities:    
Proceeds from issuance of common stock through various stock plans 38,748 37,514
Shares withheld for employee taxes (24,787) (30,529)
Payment of dividends to stockholders (112,175) (83,570)
Payment of debt assumed in acquisitions (22,000) 0
Proceeds from issuance of long term debt 0 500,000
Repayment of credit facility 0 (500,000)
Long-term debt and credit facility issuance costs 0 (5,244)
Repurchases of common stock (60,276) (179,057)
Excess tax benefit from employee stock plans 4,165 20,790
Net cash used in financing activities (176,325) (240,096)
Net increase (decrease) in cash and cash equivalents 79,458 (522,104)
Cash and cash equivalents at beginning of period 2,876,627 3,371,933
Cash and cash equivalents at end of period $ 2,956,085 $ 2,849,829