| Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | |
|---|---|---|---|---|---|---|
Operating activities: | ||||||
Consolidated net income | ||||||
107,286 | 66,124 | 8,961 | 84,459 | 327,211 | -48,760 | |
Depreciation | ||||||
83,686 | 88,195 | 90,577 | 71,780 | 78,988 | 61,516 | |
Amortization of acquired intangible assets | ||||||
391,074 | 382,416 | 404,475 | 231,590 | 236,751 | 193,637 | |
Amortization of deferred financing fees and debt discount | ||||||
4,811 | 7,960 | 7,705 | 9,646 | 11,575 | 9,982 | |
Deferred income taxes | ||||||
-68,812 | -74,465 | -148,418 | 5,418 | -163,485 | -55,763 | |
Foreign currency remeasurement of deferred taxes | ||||||
-477 | 9,360 | -16,356 | - | - | - | |
Stock-based compensation expense | ||||||
85,233 | 81,557 | 60,049 | 64,218 | 53,799 | 35,789 | |
Impairment of goodwill and intangible assets | ||||||
3,400 | 55,000 | 2,200 | - | - | - | |
Impairment of intangible assets | ||||||
- | - | - | - | 0 | - | |
Provision for non-cash warrants | ||||||
- | - | 30,159 | - | - | - | |
Provision (recovery) for doubtful accounts | ||||||
-462 | -566 | 1,386 | 2,997 | 5,336 | -658 | |
(Gain) loss on disposal of property, plant & equipment and other | ||||||
10,774 | -7,063 | -8,706 | -7,776 | -4,247 | -1,657 | |
Loss on investments and other | ||||||
-517 | -11,066 | -21,194 | -6,220 | -10,961 | -2,698 | |
Revenue reduction related to Comcast's investment in ARRIS | ||||||
- | - | - | - | - | 13,182 | |
Mark-to-market fair value adjustment related to Comcast's investment in ARRIS | ||||||
- | - | - | - | - | 13,189 | |
Non-cash restructuring and related charges | ||||||
- | - | - | - | - | 6,761 | |
Non-cash interest expense on convertible notes | ||||||
- | - | - | - | - | 9,926 | |
Excess income tax benefits from stock-based compensation plans | ||||||
- | - | 20,085 | 3,997 | 8,959 | 7,178 | |
Changes in operating assets and liabilities, net of effect of acquisitions and dispositions: | ||||||
Accounts receivable | ||||||
22,138 | -175,930 | 258,677 | 55,132 | -16,796 | -9,241 | |
Other receivables | ||||||
64,523 | 84,652 | 31,517 | 6,017 | 2,997 | 2,182 | |
Inventories | ||||||
-81,815 | 224,582 | -282,644 | 6,685 | 71,036 | -74,111 | |
Accounts payable and accrued liabilities | ||||||
24,948 | 49,988 | -178,086 | 15,065 | -116,909 | 247,301 | |
Prepaids and other, net | ||||||
-33,418 | 16,583 | -98,263 | 83,466 | -77,003 | 1,733 | |
Net cash provided by operating activities | ||||||
649,002 | 533,811 | 363,180 | 343,872 | 459,281 | 562,716 | |
Purchases of investments | ||||||
64,454 | 68,493 | 141,543 | 48,566 | 127,780 | 104,626 | |
Sales of investments | ||||||
79,473 | 165,301 | 25,931 | 161,824 | 59,679 | 479,781 | |
Proceeds from dividends on equity investments | ||||||
9,966 | 826 | 2,903 | - | - | - | |
Proceeds from equity investments | ||||||
- | - | - | - | - | 14,780 | |
Purchases of property, plant and equipment | ||||||
63,616 | 78,072 | 66,760 | 49,890 | 56,588 | 71,443 | |
Proceeds from sale of property, plant and equipment | ||||||
74,425 | - | 29 | - | - | - | |
Purchases of intangible assets | ||||||
423 | 6,422 | 5,526 | 39,340 | - | - | |
Proceeds from sale-leaseback transaction | ||||||
- | - | - | 24,960 | - | - | |
Acquisition, net of cash acquired | ||||||
1,152 | 760,802 | 340,118 | 97,905 | - | 2,208,114 | |
Other, net | ||||||
-9,352 | - | -575 | -2,971 | -103 | -120 | |
Net cash provided by (used in) investing activities | ||||||
43,571 | -747,662 | -524,509 | -45,946 | -124,586 | -1,889,502 | |
Financing activities: | ||||||
Proceeds from issuance of shares, net | ||||||
20,186 | 17,469 | 12,885 | 16,189 | 19,196 | - | |
Proceeds from issuance of common stock, net | ||||||
- | - | - | - | - | 175,072 | |
Repurchase of shares | ||||||
353,079 | 196,965 | 178,035 | 24,999 | - | - | |
Excess income tax benefits from stock-based compensation plans | ||||||
- | - | 20,085 | 3,997 | 8,959 | 7,178 | |
Repurchase of shares to satisfy employee minimum tax withholdings | ||||||
23,781 | 26,573 | 17,925 | 46,680 | 29,845 | 12,664 | |
Proceeds from issuance of debt | ||||||
- | 175,847 | 800,000 | - | - | 1,925,000 | |
Payment of debt obligations | ||||||
87,500 | 244,009 | 319,750 | 53,500 | 209,653 | 404,488 | |
Payment of financing lease obligation | ||||||
870 | 777 | 758 | 425 | - | - | |
Proceeds from sale-leaseback financing transaction | ||||||
- | - | - | 58,729 | - | - | |
Payment for account receivable financing facility | ||||||
- | - | 23,546 | - | - | - | |
Payment for debt discount | ||||||
- | - | - | - | - | 9,853 | |
Payment for deferred financing fees and debt discount | ||||||
- | 5,961 | 2,304 | 8,239 | - | 42,724 | |
Contribution from noncontrolling interest | ||||||
2,257 | 3,500 | - | 54,794 | - | - | |
Net cash (used in) provided by financing activities | ||||||
-442,787 | -277,469 | 290,652 | -134 | -211,343 | 1,637,521 | |
Effect of exchange rate changes on cash, cash equivalents and restricted cash | ||||||
-7,520 | -1,256 | -12,097 | - | - | - | |
Net (decrease) increase in cash, cash equivalents and restricted cash | ||||||
242,266 | -492,576 | 117,226 | 297,792 | 123,352 | 310,735 | |
Supplemental cash flow information: | ||||||
Interest paid during the year | ||||||
90,140 | 80,791 | 71,127 | 60,798 | 51,122 | 48,008 | |
Income taxes paid during the year | ||||||
34,325 | 34,053 | 111,524 | 39,065 | 37,152 | 12,470 | |
Non-cash investing and financing activities: debt assumed in acquisition | ||||||
- | - | 263,795 | 15,000 | - | - | |