| 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 (loss) | |||||||||||
213,900 | 629,900 | 813,000 | 184,500 | 209,000 | 192,100 | 153,600 | -92,900 | 14,900 | 292,900 | 63,300 | -428,600 |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||||||||||
Depreciation and amortization | |||||||||||
593,100 | 508,700 | 481,900 | 364,100 | 357,600 | 268,800 | 211,800 | 243,600 | 229,400 | 166,900 | 155,600 | 142,100 |
Loss on sale or disposal of fixed assets | |||||||||||
-1,900 | -2,400 | -3,900 | -1,500 | 3,900 | 1,400 | 6,800 | 9,500 | 8,700 | 6,900 | 3,900 | 7,100 |
Gain on divestiture of business | |||||||||||
0 | 5,000 | 12,500 | 92,200 | 0 | 0 | - | - | - | - | - | - |
Non-cash manufacturing expenses associated with favorable supply agreement | |||||||||||
- | - | - | - | - | - | - | - | 80,400 | 0 | - | - |
Loss on debt refinancing and prepayment | |||||||||||
-6,200 | -4,600 | -47,200 | -6,300 | -400 | 0 | -3,100 | -7,800 | -23,200 | -700 | -3,100 | - |
Amortization of debt discount and issuance costs | |||||||||||
13,000 | 13,200 | 16,000 | 12,000 | 2,800 | 1,400 | 11,200 | 23,400 | 34,900 | 33,700 | 34,900 | - |
Payments for term debt modification | |||||||||||
0 | 1,100 | 3,800 | 26,400 | 0 | 0 | - | - | - | - | - | - |
Gain on SANYO Semiconductor acquisition | |||||||||||
- | - | - | - | - | - | - | - | 24,300 | 0 | - | - |
Amortization of debt issuance costs | |||||||||||
- | - | - | - | - | - | 1,300 | 2,100 | 2,300 | 2,500 | 3,100 | 4,000 |
Non-cash portion of (gain) loss on debt prepayment | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -3,800 |
Write-down of excess inventories | |||||||||||
- | - | - | 66,200 | 52,400 | 40,600 | 51,900 | 51,900 | 49,100 | 10,000 | 20,400 | 19,800 |
Non-cash write-off of in-process research and development | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 27,100 |
Share-based compensation expense | |||||||||||
79,400 | 78,300 | 69,800 | 56,100 | 46,900 | 45,800 | 32,300 | 20,500 | 33,500 | 52,500 | 54,200 | 33,200 |
Non-cash interest on convertible notes | |||||||||||
37,800 | 36,100 | 30,800 | 26,000 | 17,500 | 7,000 | - | - | - | - | - | 41,600 |
Non-cash asset impairment charges | |||||||||||
3,400 | 2,400 | 7,900 | 500 | 200 | 6,500 | 8,000 | 103,000 | 86,300 | 3,900 | 6,300 | 14,300 |
Intangible asset impairment charges | |||||||||||
1,600 | 6,800 | 13,100 | 2,200 | 3,800 | 9,600 | 0 | 49,500 | 0 | 16,100 | - | 544,500 |
Recovery from insurance proceeds on property, plant and equipment | |||||||||||
- | - | - | - | - | - | - | - | -13,300 | 0 | - | - |
Non-cash portion of insurance recovery | |||||||||||
- | - | - | - | - | - | - | - | 23,900 | - | - | - |
Non-cash foreign currency translation gain | |||||||||||
- | - | - | - | - | - | 21,000 | 0 | 0 | - | - | - |
Change in deferred tax balances | |||||||||||
-11,200 | -69,200 | 348,300 | 38,100 | 9,200 | 18,800 | -1,400 | 1,900 | - | 2,600 | 700 | -6,800 |
Other | |||||||||||
100 | 1,600 | -2,200 | 4,600 | 2,800 | -1,800 | 300 | 1,600 | 3,500 | 1,800 | -700 | 2,400 |
Changes in assets and liabilities: | |||||||||||
Receivables | |||||||||||
-4,700 | 2,700 | 57,900 | -28,100 | 11,300 | -20,500 | 35,400 | -95,400 | -89,100 | 22,900 | 71,500 | -74,900 |
Inventories | |||||||||||
-34,600 | 129,500 | 59,900 | 7,900 | 72,500 | 59,000 | 88,300 | 1,500 | -102,100 | 84,000 | -44,800 | -40,000 |
Other assets | |||||||||||
34,600 | 37,400 | 86,000 | 25,000 | 10,200 | 14,100 | -19,100 | 9,900 | 15,200 | 17,100 | 18,500 | -48,300 |
Accounts payable | |||||||||||
-79,900 | 44,800 | 51,800 | 42,400 | -32,200 | -17,300 | 6,600 | -159,900 | -109,700 | 26,800 | 9,800 | -69,000 |
Accrued expenses and other current liabilities | |||||||||||
-201,700 | 56,500 | 211,100 | -15,300 | -16,300 | -11,300 | 21,700 | 5,900 | -35,100 | 23,000 | -6,300 | -58,200 |
Income taxes payable | |||||||||||
- | - | - | - | - | - | - | - | - | 0 | 600 | 100 |
Accrued interest | |||||||||||
- | - | - | - | - | - | - | - | - | -100 | -400 | -100 |
Deferred income on sales to distributors | |||||||||||
0 | 0 | -109,800 | 100 | -53,100 | 24,600 | 6,000 | -37,500 | 22,500 | 50,700 | -15,400 | -11,300 |
Other long-term liabilities | |||||||||||
10,200 | -1,400 | 23,700 | 600 | -8,500 | -15,500 | -48,900 | -12,400 | 11,500 | 2,300 | -2,200 | -13,600 |
Net cash provided by operating activities | |||||||||||
694,700 | 1,274,200 | 1,094,200 | 581,100 | 470,600 | 481,300 | 327,300 | 276,000 | 545,500 | 551,800 | 279,300 | 393,800 |
Cash flows from investing activities: | |||||||||||
Purchase of property, plant and equipment | |||||||||||
534,600 | 514,800 | 387,500 | 210,700 | 270,800 | 204,300 | 155,200 | 256,300 | 316,400 | 188,900 | 55,300 | 95,000 |
Proceeds from sales of property, plant and equipment | |||||||||||
1,900 | 36,500 | 14,300 | 400 | 11,100 | 1,500 | 9,700 | 6,200 | 3,300 | 37,100 | -3,200 | 39,200 |
Deposits utilized (made) for purchase of property, plant and equipment | |||||||||||
-4,600 | -4,100 | 8,200 | 2,200 | 1,400 | -2,600 | 1,300 | -1,400 | -500 | 2,200 | -300 | -400 |
Purchase of business, net of cash acquired | |||||||||||
888,000 | 70,900 | 800 | 2,284,000 | 31,300 | 423,700 | 0 | 0 | 17,900 | 91,000 | 16,700 | -183,100 |
Recovery from insurance on property, plant and equipment | |||||||||||
- | - | - | - | - | - | - | 11,500 | 13,300 | 0 | - | - |
Purchase of equity interest and assets, net of cash acquired | |||||||||||
0 | 24,600 | 0 | 0 | - | - | - | - | - | - | - | - |
Purchase of license and deposit made for manufacturing facility | |||||||||||
100,000 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Purchase of cost method investment | |||||||||||
- | - | - | - | - | 5,800 | 0 | 0 | - | - | - | - |
Proceeds from divestiture of business and release of escrow | |||||||||||
5,200 | 8,400 | 20,000 | 104,000 | 0 | 0 | - | - | - | - | - | - |
Proceeds from repayment of note receivable | |||||||||||
0 | 10,200 | 0 | 0 | - | - | - | - | - | - | - | - |
Increase (Decrease) in Restricted Cash | |||||||||||
- | - | - | 67,700 | 0 | 40,000 | 0 | 0 | -142,100 | 136,200 | 5,900 | - |
Cash received from escrow | |||||||||||
- | - | - | 23,800 | 20,400 | 0 | - | - | - | - | - | - |
Proceeds from sale of available-for-sale securities | |||||||||||
- | - | - | - | 5,500 | 0 | 0 | - | - | - | - | - |
Proceeds from sale of held-to-maturity securities | |||||||||||
- | - | - | - | 2,800 | 116,900 | 224,300 | 377,600 | 122,200 | 45,500 | 52,400 | - |
Purchase of held-to-maturity securities | |||||||||||
- | - | - | - | 800 | 12,800 | 195,700 | 273,800 | 370,800 | 0 | 97,900 | - |
Other | |||||||||||
0 | -2,200 | 2,600 | 0 | 0 | 0 | - | - | - | - | - | - |
Net cash used in investing activities | |||||||||||
-1,510,900 | -548,900 | -364,800 | -2,436,400 | -264,500 | -565,600 | -118,200 | -133,400 | -423,700 | -335,700 | -126,300 | 127,700 |
Cash flows from financing activities: | |||||||||||
Proceeds for the issuance of common stock under the ESPP | |||||||||||
26,200 | 25,000 | 23,600 | 15,000 | 14,600 | 10,000 | 8,300 | 8,300 | 8,100 | 7,000 | 5,500 | 5,100 |
Proceeds from exercise of stock options | |||||||||||
1,700 | 5,700 | 18,000 | 14,900 | 27,100 | 24,900 | 12,100 | 9,400 | 59,400 | 23,300 | 17,500 | 15,300 |
Payment of tax withholding for RSUs | |||||||||||
33,500 | 31,600 | 28,100 | 12,300 | 14,700 | 9,100 | 4,500 | 9,600 | 19,300 | 15,000 | - | - |
Repurchase of common stock | |||||||||||
139,000 | 315,300 | 25,000 | 0 | 348,200 | 121,800 | 101,000 | 55,500 | 0 | 0 | 8,600 | 2,900 |
Borrowings under debt agreements | |||||||||||
1,404,800 | 15,300 | 1,106,200 | 2,586,900 | 816,500 | 346,400 | 173,700 | 23,600 | 69,000 | 152,000 | 79,500 | 77,100 |
Payment of debt issuance and other financing costs | |||||||||||
24,000 | 0 | 0 | 6,800 | 20,400 | 0 | 3,200 | - | - | - | - | - |
Repayment of long-term debt | |||||||||||
594,400 | 298,400 | 1,831,400 | 313,800 | 495,500 | 90,600 | 217,700 | 232,500 | 159,500 | 254,400 | 150,600 | 402,900 |
Purchase of convertible note hedges | |||||||||||
0 | 0 | 144,700 | 0 | 108,900 | 0 | 0 | - | - | - | - | - |
Proceeds from issuance of warrants | |||||||||||
0 | 0 | 85,200 | 0 | 52,000 | 0 | 0 | - | - | - | - | - |
Payment of contingent consideration | |||||||||||
0 | 0 | 3,900 | 0 | 0 | - | - | - | - | - | - | - |
Acquisition related payments | |||||||||||
5,200 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Release of escrow related to prior acquisition | |||||||||||
10,400 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Payment of finance lease obligations | |||||||||||
800 | 3,600 | 8,900 | 14,900 | 22,300 | 43,800 | 41,700 | 40,800 | 39,000 | 32,300 | 29,500 | 27,300 |
Payments made in connection with debt refinancing | |||||||||||
- | - | - | - | - | - | - | 2,600 | 15,900 | - | - | - |
Acquisition of non-controlling interest | |||||||||||
- | - | - | - | - | 20,400 | 0 | 0 | - | - | - | - |
Dividend to non-controlling shareholder | |||||||||||
2,300 | 2,200 | 1,900 | 4,300 | 0 | 4,200 | 0 | 0 | - | - | - | 1,500 |
Net cash provided by (used in) financing activities | |||||||||||
623,100 | -605,100 | -810,900 | 2,264,700 | -99,800 | 91,400 | -174,000 | -299,700 | -97,200 | -119,400 | -86,200 | -337,100 |
Effect of exchange rate changes on cash, cash equivalents and restricted cash | |||||||||||
200 | 300 | 2,300 | -800 | -400 | -4,900 | -12,500 | -8,900 | 5,000 | 900 | 200 | -300 |
Net increase (decrease) in cash, cash equivalents and restricted cash | |||||||||||
-192,900 | 120,500 | -79,200 | 408,600 | 105,900 | 2,200 | 22,600 | -166,000 | 29,600 | 97,600 | 67,000 | 184,100 |