| 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 provided by operating activities: | |||||||||||
Net income | |||||||||||
140,386 | 392,896 | 339,132 | 104,809 | 122,297 | 115,778 | 35,776 | 48,029 | 129,731 | 142,587 | -212,659 | 30,117 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
Depreciation and amortization | |||||||||||
110,034 | 79,853 | 82,556 | 65,926 | 22,103 | 20,514 | 17,102 | 14,442 | 12,980 | 13,823 | 18,759 | 23,524 |
Amortization of inventory step-up adjustment to fair value | |||||||||||
7,624 | - | - | 15,090 | - | 2,179 | - | - | - | - | - | - |
Amortization of debt issuance costs, original issue discount, and soft call premium | |||||||||||
7,074 | 4,718 | 10,699 | 9,265 | - | - | - | - | - | - | - | - |
Stock-based compensation | |||||||||||
49,194 | 27,262 | 24,378 | 25,228 | 13,013 | 11,315 | 13,992 | 13,031 | 11,225 | 10,604 | 8,845 | 15,274 |
Provision for excess and obsolete inventory | |||||||||||
24,734 | 22,324 | 20,213 | 16,039 | 13,602 | 12,131 | 21,671 | 15,028 | 14,857 | 13,230 | 20,335 | 11,401 |
Provision for doubtful accounts | |||||||||||
-728 | 1,435 | 825 | 1,109 | -255 | 668 | 631 | 888 | 449 | - | - | - |
Impairment of goodwill | |||||||||||
- | - | - | - | - | - | - | - | - | - | 193,255 | - |
Impairment of intangibles and other long-lived assets | |||||||||||
- | - | - | - | - | - | - | - | - | - | -15,242 | -6,069 |
Gain on disposal of discontinued operations | |||||||||||
- | - | - | - | - | - | - | - | - | 4,432 | 0 | - |
Deferred income taxes | |||||||||||
-4,215 | -19,388 | -4,831 | -38,822 | 410 | 5,264 | -3,089 | 3,819 | 7,549 | 10,097 | -3,143 | -5,823 |
Gain on sale of long-lived asset | |||||||||||
6,773 | - | - | - | - | - | - | - | - | - | - | - |
Gain on sale of business | |||||||||||
- | - | 74,856 | - | - | - | - | - | - | - | - | - |
Excess tax benefits from stock-based compensation | |||||||||||
- | - | - | 1,468 | 904 | 447 | 935 | 2,105 | 5,338 | 2,112 | 40 | 280 |
Asset impairments | |||||||||||
4,662 | - | 6,719 | 5,000 | - | - | - | - | - | - | - | - |
Other | |||||||||||
-870 | -2,649 | -824 | -256 | -275 | -139 | -200 | -41 | -118 | 560 | -1,003 | 1,300 |
Changes in operating assets and liabilities, net of business acquired: | |||||||||||
Trade accounts receivable | |||||||||||
93 | 546 | 44,077 | 58,111 | -2,334 | -6,103 | 36,153 | -38,288 | -17,923 | 42,540 | 9,935 | -23,565 |
Inventories | |||||||||||
29,289 | 73,779 | 72,471 | 13,798 | 14,501 | 23,089 | 29,797 | -5,341 | 11,697 | 52,467 | 4,677 | -7,088 |
Income taxes | |||||||||||
-12,374 | -11,430 | 12,805 | 30,914 | -8,462 | -32,744 | 24,441 | -3,126 | -5,345 | -22,796 | 19,939 | 2,199 |
Other assets | |||||||||||
- | - | - | - | - | - | -1,355 | -7,689 | 7,674 | -296 | -2,511 | 3,730 |
Other current and non-current assets | |||||||||||
9,830 | 1,639 | 8,631 | 12,165 | 1,526 | 325 | - | - | - | - | - | - |
Current and non-current accrued compensation | |||||||||||
4,191 | 8,649 | -32,502 | - | - | - | - | - | - | - | - | - |
Accrued compensation | |||||||||||
- | - | - | 10,965 | 3,335 | -13,563 | 13,677 | 2,759 | - | - | - | - |
Other liabilities | |||||||||||
-8,424 | -3,948 | 18,030 | 3,681 | -2,797 | 3,469 | -5,956 | 1,324 | - | - | - | - |
Accrued compensation and other liabilities | |||||||||||
- | - | - | - | - | - | - | - | 2,904 | 40,928 | -10,757 | - |
Accrued expenses and other current liabilities | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -4,384 |
Accounts payable | |||||||||||
-24,152 | 2,023 | 11,405 | 16,180 | -10,629 | -5,478 | 23,172 | -8,281 | -11,646 | 11,220 | 6,103 | -9,175 |
Net cash provided by operating activities | |||||||||||
244,509 | 413,781 | 355,222 | 180,098 | 138,295 | 101,914 | 76,087 | 137,167 | 156,036 | 163,470 | 4,903 | 92,747 |
Cash flows provided by (used in) investing activities: | |||||||||||
Acquisition of business, net of cash acquired | |||||||||||
988,599 | - | - | 939,591 | 9,910 | 86,950 | 2,326 | 22,607 | 0 | - | - | - |
Net proceeds from sale of business | |||||||||||
- | - | 72,509 | - | - | - | - | - | - | - | - | - |
Purchases of investments | |||||||||||
246,315 | 253,598 | 229,557 | 268,458 | 385,999 | 360,813 | 550,076 | 435,961 | 475,777 | 410,551 | 254,057 | 324,375 |
Proceeds from sale of property, plant and equipment | |||||||||||
- | - | - | - | - | - | - | - | - | 2,318 | 128 | 336 |
Maturities of investments | |||||||||||
142,571 | 181,749 | 157,342 | 160,917 | 179,285 | 249,359 | 417,566 | 313,298 | 385,613 | 188,819 | - | - |
Sales of investments | |||||||||||
166,915 | 207,542 | 53,564 | 338,996 | 61,659 | 185,186 | 110,928 | 46,559 | 100,094 | 117,679 | - | - |
Proceeds from sale of assets | |||||||||||
42,079 | - | - | - | - | - | - | - | - | - | - | - |
Maturities and sales of investments | |||||||||||
- | - | - | - | - | - | - | - | - | - | 248,147 | 263,715 |
Purchases of property, plant and equipment | |||||||||||
63,904 | 62,941 | 31,287 | 19,123 | 12,414 | 13,183 | 12,410 | 17,705 | 15,567 | 15,819 | 4,179 | 13,457 |
Net proceeds from sale of discontinued operations | |||||||||||
- | - | - | - | - | - | - | - | - | 15,582 | 0 | - |
Other | |||||||||||
- | - | -66 | -273 | -8 | -1,593 | 216 | 1,451 | 441 | 3,651 | -333 | 273 |
Net cash provided by (used in) investing activities | |||||||||||
-947,253 | 72,752 | 22,637 | -726,986 | -167,371 | -24,808 | -36,534 | -117,867 | -6,078 | -105,623 | -9,628 | -74,054 |
Net proceeds from borrowings | |||||||||||
642,207 | 67,669 | 28,551 | - | - | - | - | - | - | - | - | - |
Net payments related to employee stock awards | |||||||||||
-11,010 | -11,104 | -12,216 | -1,922 | 1,262 | 2,492 | -464 | 1,564 | 28,546 | 6,524 | -114 | -8,861 |
Proceeds from short-term borrowings | |||||||||||
- | - | - | 18,964 | - | - | 6 | 2,896 | 41,802 | 119,209 | 162,361 | 155,922 |
Payments of short-term borrowings | |||||||||||
5,375 | 67,163 | 29,711 | 11,742 | - | - | 776 | 9,348 | 39,915 | 132,872 | 166,847 | 160,771 |
Proceeds from long-term borrowings | |||||||||||
- | - | - | 744,653 | - | - | - | - | - | - | - | - |
Payments of long-term borrowings | |||||||||||
106,116 | 50,003 | 228,141 | 153,395 | - | - | - | - | - | - | - | - |
Repurchases of common stock | |||||||||||
- | 75,000 | - | 1,545 | 13,294 | 20,809 | 2,875 | 11,501 | 2,007 | - | 0 | 115,723 |
Payments on long-term debt | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 5,000 |
Dividend payments | |||||||||||
43,528 | 42,405 | 38,178 | 36,361 | 35,969 | 34,851 | 33,975 | 32,686 | 31,373 | - | 0 | - |
Excess tax benefit from stock-based compensation | |||||||||||
- | - | - | 1,468 | 904 | 447 | 935 | 2,105 | 5,338 | 2,112 | 40 | 280 |
Other | |||||||||||
- | - | - | - | - | - | - | - | - | - | -996 | -1,330 |
Net cash (used in) provided by financing activities | |||||||||||
476,178 | -178,006 | -279,695 | 560,120 | -47,097 | -52,721 | -37,149 | -46,970 | 2,391 | -5,027 | -5,556 | -117,761 |
Effect of exchange rate changes on cash and cash equivalents | |||||||||||
-3,207 | 1,931 | 1,813 | -6,896 | -1,690 | -7,850 | -1,090 | 2,342 | -1,909 | -1,353 | 2,029 | -5,639 |
Increase (decrease) in cash and cash equivalents | |||||||||||
-229,773 | 310,458 | 99,977 | 6,336 | -77,863 | 16,535 | 1,314 | -25,328 | 150,440 | 51,467 | -8,252 | -104,707 |
Supplemental disclosure of cash flow information: | |||||||||||
Cash paid during the period for: | |||||||||||
Interest | |||||||||||
39,899 | 14,593 | 20,467 | 20,839 | 34 | 44 | 60 | 212 | 19 | 78 | 187 | 649 |
Income Taxes Paid | |||||||||||
35,512 | 91,765 | 104,691 | 44,967 | 43,239 | 47,948 | 11,878 | 18,335 | 52,561 | 47,446 | 10,038 | 11,625 |