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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flow from operating activities:      
Net income $ 162,151 $ 155,057 $ 52,411
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 73,541 70,667 72,695
Stock-based compensation 51,438 37,616 29,145
Disposal gain on sale of assets (26,842) 0 0
Tax benefit from deferred income taxes (12,680) (11,738) (5,774)
Changes in operating assets and liabilities (net of effects of acquisitions):      
Accounts receivable (7,193) 8,446 (15,269)
Inventories (6,773) (10,642) 10,154
Prepaid expenses and other assets (7,926) 12,628 1,971
Accounts payable and accrued expenses 4,034 (3,976) 1,584
Deferred revenue 5,579 19,061 1,791
Taxes, accrued compensation, and other current liabilities (10,924) (2,539) 75,734
Net cash provided by operating activities 224,405 274,580 224,442
Cash flow from investing activities:      
Capital expenditures (60,857) (34,659) (30,256)
Proceeds from sale of assets 32,492 0 0
Capitalization of internally developed software (9,065) (14,208) (41,662)
Additions to other intangibles (1,209) (5,399) (2,384)
Acquisitions of equity-method investments (13,670) 0 0
Acquisitions, net of cash received 0 (5,534) 0
Purchases of short-term investments (185,267) (313,726) (87,735)
Sales and maturities of short-term investments 219,628 163,530 39,627
Net cash used in investing activities (17,948) (209,996) (122,410)
Cash flow from financing activities:      
Principal payments on revolving line of credit 0 0 (25,000)
Proceeds from issuance of common stock 33,191 31,601 29,094
Repurchase of common stock (171,316) 0 0
Dividends paid (131,855) (121,537) (109,551)
Other (837) (907) (842)
Net cash used in financing activities (270,817) (90,843) (106,299)
Effect of exchange rate changes on cash (410) (4,519) 9,148
Net change in cash and cash equivalents (64,770) (30,778) 4,881
Cash and cash equivalents at beginning of period 259,386 290,164 285,283
Cash and cash equivalents at end of period 194,616 259,386 290,164
Supplemental disclosures:      
Interest paid 0 78 478
Income taxes paid $ 46,096 $ 32,786 $ 38,033