| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | |||||||||||
Net income | |||||||||||
442,776 | 400,235 | 231,418 | 189,682 | 144,020 | 145,832 | 64,295 | 58,691 | 66,716 | 74,253 | -31,269 | 79,987 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
Deferred taxes | |||||||||||
307 | -15,680 | 17,572 | -16,401 | -11,424 | 4,088 | -5,899 | 17,783 | 5,842 | 17,307 | -2,612 | -64,608 |
Depreciation and amortization | |||||||||||
78,990 | 54,727 | 37,739 | 24,002 | 18,004 | 17,856 | 16,825 | 17,811 | 12,112 | 11,386 | 10,204 | 9,964 |
Non-cash operating lease cost | |||||||||||
18,475 | - | - | - | - | - | - | - | - | - | - | - |
Impairment of goodwill | |||||||||||
- | - | - | - | - | - | 40,693 | 36,591 | 0 | 0 | - | - |
Impairments on equity investments | |||||||||||
28,498 | 0 | 0 | - | - | - | 26,320 | 0 | 0 | - | - | - |
Gain on lease terminations | |||||||||||
6,792 | - | - | - | - | - | - | - | - | - | - | - |
Gain from sale of equity method investment | |||||||||||
15,769 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Share-based Compensation | |||||||||||
88,184 | 70,763 | 58,854 | 54,148 | 52,943 | 39,823 | 26,438 | 21,483 | 19,165 | 16,072 | 15,088 | 17,057 |
Net tax benefits from stock-based awards | |||||||||||
- | - | - | - | - | - | 27,103 | - | - | - | - | - |
Loss (gain) on retirement and disposal of fixed assets | |||||||||||
- | - | - | - | - | - | - | - | - | - | -37 | -513 |
Loss on impairment of fixed assets | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 1,712 |
Net tax benefits from stock-based awards | |||||||||||
- | - | - | -15,888 | -10,224 | -21,393 | 27,103 | - | - | - | - | 144 |
Acceleration of stock-based compensation | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 678 |
Amortization of intangibles | |||||||||||
- | - | - | - | - | - | - | - | 5,365 | 2,800 | 2,800 | 2,827 |
Litigation settlement costs paid in stock | |||||||||||
- | - | - | - | - | - | - | - | - | - | 56,523 | 0 |
Amortization of prepaid royalties | |||||||||||
- | - | - | - | - | - | - | - | - | 827 | 6,165 | 0 |
Excess tax benefit from share-based payment arrangements | |||||||||||
- | - | - | 16,773 | 10,396 | 21,393 | - | 17,187 | 11,391 | 3,965 | -637 | - |
Equity in losses of investee | |||||||||||
-7,528 | -8,693 | -3,219 | -1,684 | 0 | 0 | - | - | - | - | - | - |
Provision for Doubtful Accounts | |||||||||||
- | - | - | - | - | - | - | - | - | - | 708 | 71 |
Other non-cash operating activities | |||||||||||
-29,860 | -17,252 | -13,847 | -12,031 | -13,799 | -10,106 | -4,142 | -4,517 | -2,572 | -256 | - | - |
Changes in assets and liabilities: | |||||||||||
Accounts receivable | |||||||||||
121,014 | 109,224 | 90,990 | 95,808 | 40,775 | 27,229 | 11,981 | 11,666 | 24,147 | 12,184 | 2,586 | 7,951 |
Inventories | |||||||||||
58,269 | 24,109 | 5,481 | 7,663 | 3,563 | 1,999 | -1,158 | 5,718 | 4,058 | 508 | 85 | -943 |
Prepaid expenses and other assets | |||||||||||
31,529 | 9,122 | 8,669 | 9,390 | 3,726 | 2,924 | 392 | 3,853 | 2,681 | 1,212 | -306 | -276 |
Accounts payable | |||||||||||
22,099 | 25,045 | 8,175 | -3,395 | 7,575 | 2,887 | -186 | -6 | 7,535 | 2,612 | -614 | -2,651 |
Accrued and other long-term liabilities | |||||||||||
60,240 | 36,250 | 24,235 | 31,371 | 12,532 | 22,692 | 9,662 | 2,943 | 37,105 | 19,705 | 3,336 | -3,487 |
Long-term income tax payable | |||||||||||
14,611 | -36,548 | 68,958 | 7,622 | 6,930 | - | - | - | - | - | - | - |
Deferred revenues | |||||||||||
189,075 | 136,399 | 79,662 | 60,656 | 41,854 | 15,767 | 14,901 | 12,389 | 16,334 | 2,180 | 15,527 | 4,559 |
Net cash provided by operating activities | |||||||||||
747,270 | 554,681 | 438,539 | 247,654 | 237,997 | 226,899 | 185,976 | 133,778 | 130,469 | 129,529 | 74,165 | 39,746 |
CASH FLOWS FROM INVESTING ACTIVITIES: | |||||||||||
Restricted cash | |||||||||||
- | - | - | - | - | - | - | - | - | 0 | - | -21 |
Purchase of property, plant and equipment | |||||||||||
149,707 | 223,312 | 195,695 | 70,576 | 53,451 | 24,092 | 19,412 | 38,333 | 30,404 | 18,031 | 7,192 | 14,334 |
Purchase of marketable securities | |||||||||||
693,284 | 180,191 | 390,244 | 405,612 | 447,092 | 437,152 | 303,917 | 67,511 | 0 | 18,334 | 42,923 | 75,050 |
Proceeds from maturities of marketable securities | |||||||||||
290,754 | 375,105 | 349,240 | 387,873 | 304,125 | 176,810 | 90,917 | 24,901 | 8,915 | 20,590 | 48,893 | - |
Proceeds from sales of marketable securities | |||||||||||
194,677 | 9,560 | 39,536 | 216,119 | 30,011 | 82,990 | 31,741 | 297 | 1,402 | - | - | 87,926 |
Purchase of investments in privately held companies | |||||||||||
0 | 5,000 | 12,764 | 46,745 | 0 | 0 | - | - | - | - | - | - |
Repayment on unsecured promissory note | |||||||||||
21,820 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Loan advances to equity investee | |||||||||||
0 | 0 | 36,000 | 0 | 0 | - | - | - | - | - | - | - |
Loan repayment from equity investee | |||||||||||
0 | 30,000 | 6,000 | 0 | 0 | - | - | - | - | - | - | - |
Acquisition, net of cash acquired | |||||||||||
0 | 0 | 8,953 | 0 | 0 | - | 7,652 | 0 | 187,588 | 0 | - | - |
Proceeds from sale of equipment | |||||||||||
- | - | - | - | - | - | - | - | - | 0 | - | 189 |
Other investing activities | |||||||||||
14,704 | -765 | 2,597 | 8,031 | -46 | 183 | 2,411 | -2,346 | 3,931 | 145 | 334 | -193 |
Net cash provided by (used in) investing activities | |||||||||||
-350,444 | 6,927 | -251,477 | 73,028 | -166,361 | -201,627 | -210,734 | -78,300 | -211,606 | -15,920 | -1,556 | -1,055 |
CASH FLOWS FROM FINANCING ACTIVITIES: | |||||||||||
Proceeds from issuance of common stock | |||||||||||
17,907 | 16,635 | 14,461 | 13,778 | 11,325 | 18,028 | 34,196 | 42,327 | 25,501 | 11,822 | 8,097 | 10,506 |
Common stock repurchases | |||||||||||
399,999 | 300,002 | 103,793 | 96,218 | 101,791 | 98,233 | 95,107 | 47,203 | 7,754 | 0 | - | 50,138 |
Excess tax benefit from share-based payment arrangements | |||||||||||
- | - | - | 16,773 | 10,396 | 21,393 | 27,103 | 17,187 | 11,391 | 3,965 | -637 | 144 |
Payments on short-term obligations | |||||||||||
- | - | - | - | - | - | - | - | - | - | 136 | 407 |
Payroll taxes paid upon the vesting of equity awards | |||||||||||
57,700 | 86,100 | 46,200 | 29,857 | 20,716 | 7,608 | 4,363 | 2,106 | 1,897 | 1,080 | 487 | -460 |
Purchase of finance lease | |||||||||||
45,773 | - | - | - | - | - | - | - | - | - | - | - |
Net cash used in financing activities | |||||||||||
-485,540 | -369,434 | -135,500 | -95,524 | -100,786 | -66,420 | -38,171 | 10,205 | 27,241 | 14,707 | 6,837 | -40,355 |
Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash | |||||||||||
2,282 | -4,733 | 5,544 | -3,374 | -3,007 | -1,934 | -504 | 28 | -93 | -139 | -59 | -355 |
Net increase (decrease) in cash, cash equivalents, and restricted cash | |||||||||||
-86,432 | 187,441 | 57,106 | 221,784 | -32,157 | -43,082 | -63,433 | 65,711 | -53,989 | 128,177 | 79,387 | -2,019 |