| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities | |||||||||
Net loss | |||||||||
-72,911 | -95,751 | -74,904 | 99,456 | -13,551 | -22,608 | -13,178 | -20,691 | 1,931 | 26,131 |
Adjustments to reconcile net loss to net cash provided by operating activities: | |||||||||
Depreciation and amortization | |||||||||
96,694 | 82,719 | 77,855 | 31,216 | 26,884 | 14,114 | 7,508 | 4,908 | 3,185 | 1,820 |
Stock-based compensation | |||||||||
76,855 | 63,884 | 44,833 | 30,192 | 28,293 | 22,460 | 16,978 | 12,459 | 7,192 | 2,705 |
Impairment of non-marketable equity investment | |||||||||
0 | 7,000 | 0 | - | - | - | - | - | - | - |
Impairment of intangible assets | |||||||||
0 | 0 | 47,014 | - | 1,750 | 0 | 0 | - | - | - |
Abandonment of asset | |||||||||
- | - | - | - | - | - | - | - | 1,612 | - |
Deferred income taxes | |||||||||
337 | -8,628 | -22,428 | -15,539 | -142 | 487 | -163 | 9,954 | -5,192 | -16,054 |
Amortization of deferred tax charge | |||||||||
- | - | - | 938 | 939 | 938 | 938 | 963 | 1,192 | 746 |
Excess tax benefit related to stock-based compensation | |||||||||
- | - | - | - | - | - | 0 | 2,060 | 1,171 | 216 |
Accretion of convertible debt and amortization of debt issuance costs | |||||||||
28,353 | 26,394 | 24,574 | 14,178 | 592 | 0 | 0 | - | - | - |
Gain from sale of an equity investment | |||||||||
924 | 0 | 0 | - | - | - | - | - | - | - |
Loss (gain) on disposal of property and equipment | |||||||||
-444 | -331 | 174 | - | -1,958 | -1,195 | -516 | - | - | - |
Gain from sale of discontinued operations | |||||||||
- | - | - | 78,544 | 0 | 0 | - | - | - | - |
Gain from sale of cost method investment | |||||||||
- | - | - | 1,138 | 0 | 0 | - | - | - | - |
Net unrealized loss (gain) on equity investments | |||||||||
2,201 | 2,441 | 0 | - | - | - | - | - | - | - |
Amortization of premiums on marketable securities | |||||||||
1,118 | 583 | -1,040 | 1,496 | 554 | 800 | 983 | 1,161 | 920 | - |
Other noncash items | |||||||||
46 | -2 | 10 | 5 | 9 | -2 | 46 | -112 | 20 | -89 |
Changes in assets and liabilities, net of acquisition: | |||||||||
Accounts receivable | |||||||||
1,524 | -6,722 | 17,392 | 17,028 | -6,496 | 8,686 | -644 | 4,442 | -696 | 1,890 |
Inventories | |||||||||
21,961 | 1,331 | -318 | 6,384 | -8,822 | -10,119 | 1,873 | -822 | 621 | 627 |
Prepaid expenses and other assets | |||||||||
2,707 | -549 | -2,272 | 1,389 | -2,200 | 3,255 | 578 | 164 | 1,027 | 1,083 |
Income tax payable/receivable | |||||||||
279 | -1,671 | -638 | 1,411 | 6,441 | -576 | 3,045 | 2,657 | 2,745 | -1,442 |
Accounts payable | |||||||||
482 | 1,963 | 1,655 | 3,523 | -209 | -1,302 | 379 | 682 | -1,005 | 344 |
Accrued expenses | |||||||||
-805 | -4,902 | -554 | -45 | 3,413 | -9,006 | 1,645 | 847 | 148 | 965 |
Deferred revenue | |||||||||
-1,713 | 4,997 | -3,195 | -1,280 | -443 | 5,424 | 603 | -846 | -718 | -736 |
Other liabilities | |||||||||
-590 | -1,095 | -2,958 | 2,015 | -1,445 | -1,665 | 1,257 | 106 | -264 | 1,609 |
Net cash provided by operating activities | |||||||||
96,944 | 78,159 | 77,308 | 63,073 | 72,543 | 8,441 | 18,658 | 6,468 | 9,603 | 12,361 |
Purchases of property and equipment | |||||||||
29,518 | 31,713 | 37,437 | 22,348 | 16,557 | 21,171 | 16,578 | 8,383 | 5,197 | 5,165 |
Proceeds from disposal of property and equipment | |||||||||
0 | 145 | 100 | - | 75 | 0 | 0 | 237 | 9 | - |
Purchases of marketable securities | |||||||||
274,246 | 248,038 | 261,247 | 330,592 | 21,906 | 38,557 | 43,125 | 47,030 | 124,986 | - |
Sales of marketable securities | |||||||||
168,426 | 11,654 | 85,163 | 5,504 | 3,937 | 53,157 | - | - | - | - |
Maturities of marketable securities | |||||||||
203,068 | 242,825 | 182,299 | 116,627 | 12,580 | 36,715 | - | - | - | - |
Purchases of intangible assets | |||||||||
1,137 | 126 | 2,421 | - | - | - | - | - | - | - |
Sales and maturities of marketable securities | |||||||||
- | - | - | - | - | - | 42,226 | 44,667 | 34,500 | - |
Purchase of an equity investment | |||||||||
7,000 | 12,811 | 0 | 8,000 | 2,000 | 5,000 | 2,621 | - | - | - |
Proceeds from eSilicon investment | |||||||||
3,424 | 2,414 | 0 | 6,345 | - | - | - | - | - | - |
Proceeds from sale of cost method investment | |||||||||
- | - | - | - | 0 | 0 | - | - | - | - |
Proceeds from sale of discontinued operations | |||||||||
0 | 0 | 10,690 | 78,750 | 0 | 0 | - | - | - | - |
Payment of debt related to purchase of intangible assets | |||||||||
- | - | - | - | - | 1,580 | 0 | - | - | - |
Acquisition of business, net of cash | |||||||||
0 | 0 | 1,800 | 294,444 | 0 | 35,308 | 0 | - | - | 2,499 |
Net cash provided by (used in) investing activities | |||||||||
63,017 | -35,650 | -24,653 | -448,213 | -23,871 | -11,744 | -20,098 | -10,509 | -95,674 | -7,664 |
Proceeds from exercise of stock options | |||||||||
6,374 | 5,906 | 5,776 | 5,748 | 6,145 | 4,298 | 2,905 | 1,828 | 4,525 | 485 |
Long-term loan | |||||||||
- | - | - | 725 | 0 | - | - | - | - | - |
Excess tax benefit related to stock-based compensation | |||||||||
- | - | - | - | - | - | 0 | 2,060 | 1,171 | 216 |
Proceeds from employee stock purchase plan | |||||||||
- | - | - | 5,518 | 4,583 | 2,668 | 2,221 | 943 | - | - |
Repayment of long-term loan | |||||||||
0 | 405 | 333 | - | - | 0 | - | - | - | - |
Payment of obligations related to equipment financing | |||||||||
429 | 542 | 1,034 | 20 | 0 | 0 | - | - | - | - |
Payment of obligations related to purchase of intangible assets | |||||||||
24,221 | 21,311 | 13,688 | 55 | 0 | 0 | - | - | - | - |
Proceeds from issuance of convertible debt, net of issuance costs | |||||||||
- | - | - | 279,459 | 223,993 | 0 | 0 | - | - | - |
Purchase of capped call options | |||||||||
- | - | - | 22,540 | 17,802 | 0 | 0 | - | - | - |
Minimum tax withholding paid on behalf of employees for net share settlement | |||||||||
33,596 | 19,118 | 27,673 | 20,477 | 12,913 | 4,964 | 2,180 | 325 | 51 | - |
Proceeds from the secondary public offerings, net of issuance costs | |||||||||
- | - | - | - | - | - | - | - | 1,050 | - |
Proceeds from initial public offering, net of costs paid | |||||||||
- | - | - | - | - | - | - | - | -1,099 | 85,664 |
Net cash used in financing activities | |||||||||
-49,256 | -33,941 | -34,072 | 246,963 | 204,006 | 2,002 | 2,946 | 4,506 | 5,596 | 86,365 |
Effect of currency exchange rates on cash and cash equivalents | |||||||||
- | - | - | - | - | - | - | - | -1 | 49 |
Net increase (decrease) in cash and cash equivalents | |||||||||
110,705 | 8,568 | 18,583 | -138,177 | 252,678 | -1,301 | 1,506 | 465 | -80,476 | 91,111 |
Supplemental cash flow information: | |||||||||
Interest paid | |||||||||
6,577 | 5,818 | 5,194 | 2,537 | 0 | 0 | - | - | - | - |
Income taxes paid | |||||||||
-155 | 2,155 | 2,158 | 156 | 723 | 715 | 59 | 99 | - | 2,502 |
Acquisition of Cortina Systems, Inc. in exchange for common stock | |||||||||
- | - | - | - | - | 77,958 | 0 | - | - | - |
Supplemental disclosure of non-cash investing and financing activities: | |||||||||
Software license intangible assets | |||||||||
57,406 | 20,066 | 2,888 | 39,046 | 0 | 0 | - | - | - | - |
Equity investment acquired as settlement of receivable from a customer | |||||||||
2,500 | 0 | 0 | - | - | - | - | - | - | - |
Acquisition of Winyatek Technology Inc. in exchange for Series E preferred shares | |||||||||
- | - | - | - | - | - | - | - | - | 4,538 |
Conversion of preferred stock to common stock | |||||||||
- | - | - | - | - | - | - | - | - | 82,154 |
Conversion of preferred stock warrant to common stock warrant | |||||||||
- | - | - | - | - | - | - | - | - | 130 |