XML 23 R7.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net income $ 92,166 $ 91,323
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation and amortization 96,783 10,578
Change in fair value of contingent consideration (14,800) 11,979
Share-based compensation expense 56,889 42,797
Premium amortization of available-for-sale securities 515 3,178
Deferred taxes 29,332 (24,823)
Change in excess tax benefit from stock options (5,917) (52,521)
Unrealized foreign currency gain (13,762) (3,916)
Unrealized loss (gain) on forward contracts 17,098 (434)
Other 609 7,377
Changes in operating assets and liabilities:    
Accounts receivable (37,287) (58,918)
Inventories (3,838) 2,626
Prepaid expenses and other assets (65,216) (38,980)
Accounts payable, accrued expenses and other liabilities (42,460) (13,659)
Deferred revenue 57,872 46,427
Net cash provided by operating activities 167,984 23,034
Cash flows from investing activities:    
Purchases of available-for-sale securities (207,996) (166,319)
Proceeds from maturity or sale of available-for-sale securities 269,495 176,256
Purchases of trading securities (3,042) (2,236)
Purchases of property, plant and equipment (64,204) (57,075)
Other 82 951
Net cash used in investing activities (5,665) (48,423)
Cash flows from financing activities:    
Payments on term loan (175,000) (12,000)
Excess tax benefit from stock options 5,917 52,521
Repurchase of Common Stock (296,515) (60,026)
Net proceeds from the exercise of stock options 3,433 24,882
Other (4,092) (303)
Net cash (used in) provided by financing activities (466,257) 5,074
Effect of exchange rate changes on cash 4,025 (6,870)
Net change in cash and cash equivalents (299,913) (27,185)
Cash and cash equivalents at beginning of period 1,010,111 943,999
Cash and cash equivalents at end of period 710,198 916,814
Supplemental cash flow disclosures from investing and financing activities:    
Capitalization of construction costs related to facility lease obligations 25,647 7,813
Accrued expenses for purchases of property, plant and equipment $ 24,840 $ 11,436