| 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 | |||||||||
40,394 | 80,303 | 129,902 | 116,933 | 69,098 | 129,537 | 94,949 | 144,311 | 137,767 | - |
Adjustments to reconcile net income to net cash provided by operating activities, net of effects of businesses acquired: | |||||||||
Net income | |||||||||
- | - | - | - | - | - | - | - | - | 89,033 |
Depreciation and amortization | |||||||||
216,448 | 213,056 | 191,473 | 200,782 | 199,355 | 197,892 | 167,377 | 142,779 | 48,575 | 42,618 |
Amortization of acquisition-related intangible assets | |||||||||
- | - | - | - | - | - | - | - | 71,819 | 63,086 |
Purchased in-process research and development | |||||||||
- | - | - | - | - | - | - | - | - | 985 |
Non-cash impairments | |||||||||
5,137 | 44,399 | 5,471 | 34,297 | 42,768 | 16,909 | 43,029 | 0 | 10,030 | 5,869 |
Amortization of debt discount and issuance costs | |||||||||
24,773 | 20,451 | 19,955 | 15,392 | 0 | - | - | - | - | - |
Share-based compensation expense | |||||||||
34,442 | 28,288 | 23,760 | 41,313 | 37,935 | 25,356 | 19,539 | 13,592 | 9,747 | 9,791 |
Excess tax benefits from share-based compensation | |||||||||
0 | 782 | 3,328 | 1,596 | 3,130 | 1,489 | 4,153 | 1,976 | 5,942 | 1,775 |
Deferred income taxes | |||||||||
60,176 | -63,981 | -32,280 | -40,147 | -68,086 | -22,767 | -31,861 | -19,942 | -10,609 | -2,563 |
Loss on early redemption of debt | |||||||||
0 | 0 | -7,564 | -4,560 | 0 | 0 | - | - | - | - |
Loss (gain) on marketable securities | |||||||||
-1,055 | 1,360 | -6,039 | -3,914 | 0 | - | - | - | - | - |
Reversals of contingent consideration | |||||||||
3,269 | 6,501 | 5,225 | 1,165 | 11,127 | 11,463 | -253 | 0 | - | - |
Gain on sale of investments | |||||||||
- | - | - | - | - | - | - | - | 11,501 | - |
Other items, net including fair value changes in derivatives | |||||||||
4,521 | -19,435 | -2,609 | 7,509 | 13,611 | -11,215 | 1,437 | 12,113 | -1,907 | - |
Net changes in operating assets and liabilities: | |||||||||
Other including sale from non-monetary exchange | |||||||||
- | - | - | - | - | - | - | - | - | -843 |
Accounts receivable | |||||||||
34,165 | 12,238 | 24,764 | 16,561 | 14,921 | 14,289 | 28,203 | 6,884 | 25,213 | 19,078 |
Inventories | |||||||||
21,633 | 20,346 | 33,194 | 41,792 | 17,499 | 20,376 | 15,945 | -2,348 | 21,534 | 30,371 |
Prepaid expenses and other current assets | |||||||||
5,245 | -6,640 | -52,315 | 2,273 | 7,923 | 1,199 | 10,082 | -6,431 | 9,364 | -396 |
Other long-term assets | |||||||||
16,786 | -3,549 | -2,730 | 13,090 | -257 | -7 | 4,183 | 2,965 | 8,213 | -4,975 |
Accounts payable | |||||||||
4,321 | -1,466 | 7,732 | -5,495 | -6,793 | -9,945 | 7,261 | 3,482 | -9,076 | 5,753 |
Accrued and other current liabilities | |||||||||
2,828 | 10,618 | -25,570 | -21,482 | 24,655 | -25,042 | 19,577 | -26,983 | 23,859 | 19,081 |
Income taxes | |||||||||
41,266 | -13,483 | 4,242 | -16,034 | -23,829 | 35,328 | 6,244 | -13,639 | -12,473 | -13,536 |
Other long-term liabilities | |||||||||
-24,090 | -8,054 | 3,450 | -5,850 | -4,150 | -5,862 | 5,098 | 4,967 | -2,270 | 369 |
Net cash provided by operating activities | |||||||||
286,779 | 341,602 | 317,497 | 287,965 | 258,957 | 244,880 | 244,779 | 250,752 | 216,995 | 172,998 |
Cash flows from investing activities: | |||||||||
Purchases of property, plant and equipment | |||||||||
90,081 | 74,536 | 97,778 | 86,591 | 84,468 | 101,996 | 86,805 | 79,666 | 52,179 | 39,448 |
Proceeds from sale of equipment | |||||||||
42 | 63 | 103 | 35 | 44 | 1,312 | 2,020 | 3,474 | 869 | 1,233 |
Purchases of intangible assets | |||||||||
34,324 | 19,388 | 19,703 | 10,412 | 34,225 | 26,089 | 34,583 | 44,243 | 17,178 | 18,469 |
Purchases of investments | |||||||||
4,777 | 23,448 | 6,053 | 9,426 | 4,319 | 8,173 | 19,284 | -7,985 | -1,476 | 4,175 |
Cash paid for acquisitions, net of cash acquired | |||||||||
50,549 | 90,490 | 66,930 | 160,436 | 170,546 | 131,997 | 457,483 | 36,985 | 234,732 | 150,531 |
Purchases of short-term investments | |||||||||
450,564 | 496,304 | 317,570 | 420,158 | 20,346 | 39,942 | 186,817 | 110,076 | 40,000 | - |
Proceeds from sales of short-term investments | |||||||||
189,006 | 533,847 | 367,714 | 275,779 | 63,146 | 5,999 | 242,630 | 44,000 | 0 | 2,313 |
Cash paid for collateral asset | |||||||||
-20,707 | -1,200 | 0 | - | - | - | - | - | - | - |
Other investing activities | |||||||||
2,310 | 7,600 | 5,983 | -3,608 | 1,021 | 0 | 0 | - | - | - |
Loan to related party | |||||||||
- | - | - | - | - | - | - | - | - | -1,441 |
Net cash used in investing activities | |||||||||
-464,264 | -179,056 | -146,200 | -407,601 | -251,735 | -300,886 | -540,322 | -215,511 | -341,744 | -210,518 |
Cash flows from financing activities: | |||||||||
Proceeds from long-term debt, net of issuance costs | |||||||||
329,875 | 0 | 0 | - | - | 397,916 | 44,000 | 3,016 | 0 | 0 |
Net repayment/proceeds from short-term debt | |||||||||
- | - | - | - | -1,451 | -143,311 | 142,329 | 0 | 0 | - |
Proceeds from issuance of cash convertible notes, net of issuance costs | |||||||||
394,391 | 0 | -86 | 716,967 | 13 | - | - | - | - | - |
Purchase of call option related to cash convertible notes | |||||||||
73,646 | 0 | 0 | 105,170 | 0 | 0 | - | - | - | - |
Proceeds from issuance of warrants, net of issuance costs | |||||||||
45,396 | 0 | 0 | 68,900 | 0 | 0 | - | - | - | - |
Capital repayment | |||||||||
243,945 | 0 | 0 | - | - | - | - | - | - | - |
Repayment of long-term debt | |||||||||
0 | 6,738 | 251,868 | 387,050 | 2,285 | 1,607 | 469,857 | 50,000 | 25,000 | 5,000 |
Cash paid for debt issuance costs | |||||||||
- | - | - | - | - | - | 0 | 0 | - | - |
Principal payments on capital leases | |||||||||
1,402 | 1,322 | 1,079 | 4,579 | 4,215 | 3,780 | 3,703 | 3,262 | 2,991 | 2,995 |
Proceeds from subscription receivables | |||||||||
- | - | - | 536 | 1,062 | 1,036 | 1,011 | 987 | 965 | 985 |
Excess tax benefits from share-based compensation | |||||||||
0 | 782 | 3,328 | 1,596 | 3,130 | 1,489 | 4,153 | 1,976 | 5,942 | 1,775 |
Proceeds from issuance of common shares | |||||||||
6,075 | 6,269 | 10,316 | 12,131 | 25,337 | 16,579 | 8,778 | 11,241 | 650,492 | 18,455 |
Purchase of treasury shares | |||||||||
60,970 | 0 | 20,818 | 126,889 | 86,029 | 35,653 | 0 | 0 | - | - |
Acquisition of noncontrolling interest | |||||||||
- | - | - | - | - | 57 | 29,783 | 0 | 0 | - |
Other financing activities | |||||||||
-8,587 | -9,595 | 1,594 | 16,401 | -4,321 | -6,008 | -7,558 | 814 | -210 | -451 |
Net cash provided by (used in) financing activities | |||||||||
387,187 | -10,604 | -258,613 | 192,843 | -68,759 | 226,604 | -310,630 | -35,228 | 629,198 | 12,769 |
Effect of exchange rate changes on cash and cash equivalents | |||||||||
8,832 | -2,773 | -15,340 | -10,843 | -2,197 | 2,306 | -1,101 | 2,837 | -12,205 | 10,744 |
Net increase (decrease) in cash and cash equivalents | |||||||||
218,534 | 149,169 | -102,656 | 62,364 | -63,734 | 172,904 | -607,274 | 2,850 | 492,244 | -14,007 |
Supplemental cash flow disclosures: | |||||||||
Cash paid for interest | |||||||||
20,252 | 18,227 | 20,799 | 24,052 | 31,000 | 17,298 | 20,760 | 25,557 | 27,662 | 36,460 |
Cash paid for income taxes | |||||||||
40,499 | 22,670 | 34,441 | 12,539 | 14,518 | 61,586 | 41,494 | 33,781 | 36,003 | 39,475 |
Supplemental disclosure of non-cash investing and financing activities: | |||||||||
Equipment purchased through capital lease | |||||||||
88 | 113 | 231 | 342 | 449 | 492 | 545 | 1,185 | 376 | 141 |
Investment acquired in non-monetary exchange | |||||||||
- | - | - | - | - | 3,842 | 0 | 0 | - | - |
Intangible assets acquired in non-monetary exchange | |||||||||
0 | 0 | 5,900 | 0 | 0 | 5,658 | 0 | 30,341 | 0 | - |
Issuance of common shares in connection with acquisitions | |||||||||
- | - | - | - | - | - | - | - | - | 4,536 |