| 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 flow from operating activities: | |||||||||||
Net Income (Loss) Attributable to Parent | |||||||||||
162,151 | 155,057 | 52,411 | 82,734 | 95,262 | 126,333 | 80,513 | 90,137 | 94,072 | 109,116 | 17,085 | 84,827 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
Depreciation and amortization | |||||||||||
73,541 | 70,667 | 72,695 | 73,390 | 73,329 | 70,206 | 67,974 | 58,686 | 49,897 | 37,872 | 38,365 | 37,103 |
Stock-based compensation | |||||||||||
51,438 | 37,616 | 29,145 | 25,832 | 25,489 | 25,759 | 28,992 | 27,796 | 23,219 | 18,795 | 20,299 | 19,854 |
Gain (Loss) on Disposition of Property Plant Equipment | |||||||||||
26,842 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Tax benefit from deferred income taxes | |||||||||||
-12,680 | -11,738 | -5,774 | -5,430 | 11,019 | -3,240 | -4,353 | 1,853 | -8,581 | 3,668 | 17,196 | -4,475 |
Tax benefit from stock option plans | |||||||||||
- | - | - | - | - | 1,242 | 2,407 | 2,198 | 5,151 | 96 | -1,450 | -1,213 |
Purchase price adjustment | |||||||||||
- | - | - | 1,585 | 0 | - | - | - | - | - | - | - |
Changes in operating assets and liabilities (net of effects of acquisitions): | |||||||||||
Accounts receivable | |||||||||||
7,193 | -8,446 | 15,269 | 14,131 | 10,709 | 21,649 | -6,820 | 26,007 | 21,957 | 22,923 | -17,591 | 12,159 |
Inventories | |||||||||||
6,773 | 10,642 | -10,154 | 9,205 | 9,342 | 943 | 1,563 | 36,154 | 11,817 | 30,930 | -20,843 | -24,578 |
Prepaid expenses and other assets | |||||||||||
7,926 | -12,628 | -1,971 | -17,421 | 11,111 | 16,864 | 1,767 | 7,037 | 1,350 | 20,411 | -12,740 | -10,340 |
Accounts payable and accrued expenses | |||||||||||
4,034 | -3,976 | 1,584 | -2,506 | -9,828 | 1,989 | -8,604 | 23,419 | 5,573 | 9,630 | -7,374 | -5,648 |
Deferred revenue | |||||||||||
5,579 | 19,061 | 1,791 | 8,864 | 6,493 | 14,910 | 6,346 | 21,050 | 16,953 | 14,408 | 11,728 | 9,423 |
Taxes, accrued compensation, and other current liabilities | |||||||||||
10,924 | 2,539 | -75,734 | -21,645 | 1,537 | 149 | 2,472 | 19,029 | -29,041 | -25,929 | 14,272 | 4,706 |
Net cash provided by operating activities | |||||||||||
224,405 | 274,580 | 224,442 | 200,199 | 169,065 | 195,110 | 169,479 | 132,516 | 169,899 | 145,058 | 135,651 | 121,818 |
Cash flow from investing activities: | |||||||||||
Capital expenditures | |||||||||||
60,857 | 34,659 | 30,256 | 44,425 | 33,987 | 44,944 | 47,796 | 89,073 | 54,830 | 28,397 | 20,847 | 25,771 |
Proceeds from sale of assets | |||||||||||
32,492 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Capitalization of internally developed software | |||||||||||
9,065 | 14,208 | 41,662 | 31,859 | 31,356 | 25,781 | 14,883 | 11,721 | 12,065 | -15,759 | -12,583 | -9,487 |
Additions to other intangibles | |||||||||||
1,209 | 5,399 | 2,384 | 2,342 | 2,811 | 2,834 | 5,182 | 1,890 | 5,035 | 4,151 | 4,602 | 3,010 |
Acquisitions of equity-method investments | |||||||||||
13,670 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Payments to acquire equity-method investments | |||||||||||
0 | 5,534 | 0 | 549 | 125,612 | - | - | 25,481 | 73,558 | 4,218 | 0 | 17,310 |
Purchases of short-term investments | |||||||||||
185,267 | 313,726 | 87,735 | 39,097 | 36,063 | 123,849 | 70,354 | 188,098 | 257,449 | 126,691 | 93,087 | 9,061 |
Sales and maturities of short-term investments | |||||||||||
219,628 | 163,530 | 39,627 | 47,769 | 151,437 | 89,835 | 80,371 | 238,436 | 166,104 | 82,672 | 19,204 | 86,179 |
Purchases of foreign currency option contracts | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -2,784 |
Net cash used in investing activities | |||||||||||
-17,948 | -209,996 | -122,410 | -70,503 | -78,392 | -107,573 | -57,844 | -77,827 | -236,833 | -96,544 | -111,915 | 18,756 |
Cash flow from financing activities: | |||||||||||
Proceeds from revolving line of credit | |||||||||||
- | - | - | 15,000 | 54,000 | - | - | - | - | - | - | - |
Principal payments on revolving line of credit | |||||||||||
0 | 0 | 25,000 | 27,000 | 17,000 | - | - | - | - | - | - | - |
Proceeds from issuance of common stock | |||||||||||
33,191 | 31,601 | 29,094 | 28,907 | 27,785 | 31,275 | 39,319 | 30,902 | 32,905 | 51,852 | 21,672 | 31,150 |
Repurchase of common stock | |||||||||||
171,316 | 0 | 0 | 5,635 | 75,255 | - | - | - | - | 41,862 | 34,585 | 103,641 |
Deferred acquisition payments | |||||||||||
- | - | - | - | - | - | 15,318 | - | - | - | - | - |
Dividends paid | |||||||||||
131,855 | 121,537 | 109,551 | 102,897 | 97,643 | 76,287 | 69,776 | 68,401 | 47,961 | 40,618 | 37,308 | 34,735 |
Other | |||||||||||
-837 | -907 | -842 | 0 | 0 | 1,242 | 2,407 | 2,198 | 5,151 | 96 | -1,450 | 1,213 |
Net cash used in financing activities | |||||||||||
-270,817 | -90,843 | -106,299 | -91,625 | -108,113 | -43,770 | -43,368 | -35,301 | -9,905 | -30,532 | -51,671 | -106,013 |
Effect of exchange rate changes on cash | |||||||||||
-410 | -4,519 | 9,148 | -3,917 | -5,461 | - | - | - | - | - | - | - |
Net change in cash and cash equivalents | |||||||||||
-64,770 | -30,778 | 4,881 | 34,154 | -22,901 | 43,767 | 68,267 | 19,388 | -76,839 | 17,982 | -27,935 | 34,561 |
Supplemental disclosures: | |||||||||||
Equity consideration issued in business combinations | |||||||||||
- | - | - | - | 13,778 | - | - | - | - | - | - | - |
Interest paid | |||||||||||
0 | 78 | 478 | 520 | 287 | 144 | 110 | 68 | 14 | 82 | 23 | 116 |
Income taxes paid | |||||||||||
46,096 | 32,786 | 38,033 | 2,902 | 29,038 | 28,003 | 10,510 | 25,059 | 2,393 | 14,807 | 14,608 | 17,214 |