XML 72 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash flows from operating activities      
Net income $ 30,445 $ 314,990 $ 423,075
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation and amortization 76,933 76,986 66,495
Non-cash losses (gains) on sale of fixed assets, net 264 (36,333) (31,137)
Asset impairment charges 0 0 11,922
Deferred taxes (23,459) 44,233 (164,590)
Loss from foundry arrangement 10,628 0 0
Impairment of receivable from foundry supplier 6,495 0 0
Other non-cash losses (gains), net 1,037 (6,240) (13,225)
Recovery of doubtful accounts receivable (18) (14) (76)
Accretion of interest on long-term debt 1,017 784 650
Stock-based compensation expense 72,442 68,125 57,445
Excess tax benefit on stock-based compensation (1,264) (2,650) (3,088)
Non-cash acquisition-related and other charges 2,934 0 0
Changes in operating assets and liabilities, net of acquisitions      
Accounts receivable 24,362 19,787 (37,510)
Inventories 10,250 (100,695) (60,132)
Current and other assets 32,406 (15,932) (31,423)
Trade accounts payable 38,644 (60,113) 16,031
Accrued and other liabilities (66,255) (47,055) 111,112
Income taxes payable 2,251 (15,639) (68,112)
Deferred income on shipments to distributors (18,394) (19,088) 22,017
Net cash provided by operating activities 200,718 221,146 299,454
Cash flows from investing activities      
Acquisitions of fixed assets (38,289) (84,564) (99,808)
Proceeds from the sale of business 26,908 1,597 19,023
Proceeds from the sale of fixed assets 0 47,250 652
Acquisition of businesses, net of cash acquired (43,499) (20,256) 0
Acquisitions of intangible assets (4,000) (4,000) (5,458)
Purchases of marketable securities 0 0 (20,567)
Sales or maturities of marketable securities 4,450 16,739 39,388
Investment in private companies (2,500) 0 (3,936)
Decrease (increase) in long-term restricted cash 5,000 0 (5,000)
Net cash used in investing activities (51,930) (43,234) (75,706)
Cash flows from financing activities      
Principal payments on debt and capital leases 0 (85) (11,106)
Repayment of bank lines of credit 0 0 (80,000)
Repurchases of common stock (179,579) (304,236) (89,216)
Proceeds from issuance of common stock 15,537 28,746 29,911
Tax payments related to shares withheld for vested restricted stock units (19,830) (73,286) (11,139)
Excess tax benefit on stock-based compensation 1,264 2,650 3,088
Net cash used in financing activities (182,608) (346,211) (158,462)
Effect of exchange rate changes on cash and cash equivalents (2,241) (3,725) (1,340)
Net (decrease) increase in cash and cash equivalents (36,061) (172,024) 63,946
Cash and cash equivalents at beginning of the period 329,431 501,455 437,509
Cash and cash equivalents at end of the period 293,370 329,431 501,455
Supplemental cash flow disclosures:      
Interest paid 242 1,857 2,864
Income taxes paid 16,064 31,986 14,993
Supplemental non-cash investing and financing activities disclosures      
Decreases in accounts payable related to fixed assets purchases (803) (21,000) (841)
Decreases in liabilities related to intangible assets purchases (4,000) (4,000) (4,000)
Additional consideration payable related to acquisition $ 18,225 $ 0 $ 0