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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income $ 279,881 $ 176,186 $ 203,865
Adjustments to reconcile net income to net cash provided by operating activities:      
Stock-based compensation expense 43,774 42,661 45,589
Depreciation of property, plant, and equipment 16,616 22,139 21,527
Gain (Loss) on Disposition of Property Plant Equipment 33 1,817 324
Amortization of intangible assets 3,667 4,364 3,373
Intangible asset impairment charges 0 19,571 0
Excess and Obsolete Inventory Charges 2,573 9,908 5,296
Operating Lease, Impairment Loss 0 3,427 0
Amortization of discounts or premiums on investments 4,887 1,274 (618)
Realized gain on sale of investments (236) (4,119) (1,452)
Revaluation of contingent consideration 0 (114) (1,401)
Change in deferred income taxes (3,118) (3,353) (94,866)
Accounts receivable (4,503) (21,285) 16,807
Unbilled revenue 1,637 (848) 3,530
Inventories (54,920) (10,319) 17,841
Prepaid expenses and other current assets (32,342) (9,909) 7,405
Accounts payable 27,828 (1,688) 1,633
Accrued expenses 16,861 24,542 (8,938)
Accrued income taxes (6,401) (22,973) 25,266
Deferred revenue and customer deposits 14,417 6,571 3,875
Other 3,411 4,548 4,255
Net cash provided by operating activities 314,065 242,400 253,311
Cash flows from investing activities:      
Purchases of investments (668,053) (922,867) (1,031,642)
Maturities and sales of investments 430,969 1,104,605 1,062,962
Purchases of property, plant, and equipment (15,455) (13,303) (21,745)
Business acquisitions 0 1,004 (166,911)
Net cash provided by (used in) investing activities (252,539) 169,439 (157,336)
Cash flows from financing activities:      
Net proceeds from issuance of common stock under stock plans 63,292 125,715 64,581
Repurchase of common stock (161,652) (51,036) (61,690)
Payment of dividends (43,263) (390,508) (35,124)
Payment of Chiaro contingent consideration 0 (1,039) 0
Net cash used in financing activities (141,623) (316,868) (32,233)
Effect of foreign exchange rate changes on cash and cash equivalents (2,815) 2,671 (523)
Net change in cash and cash equivalents (82,912) 97,642 63,219
Cash and cash equivalents at beginning of year 269,073 171,431 108,212
Cash and cash equivalents at end of year $ 186,161 $ 269,073 $ 171,431