| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Operating activities | |||||||||||
Net income (loss) | |||||||||||
-20,000 | 30,000 | -67,000 | 125,000 | -214,000 | 367,000 | 377,000 | 419,000 | 353,000 | 301,000 | 254,000 | 250,000 |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||||||||||
Depreciation and amortization | |||||||||||
150,000 | 130,000 | 138,000 | 128,000 | 170,000 | 169,000 | 147,000 | 126,000 | 102,000 | 60,000 | 63,000 | 60,000 |
Stock-based compensation expense | |||||||||||
83,000 | 65,000 | 68,000 | 62,000 | 56,000 | 50,000 | 49,000 | 43,000 | 35,000 | 26,000 | 23,000 | 21,000 |
Excess tax benefit from stock-based compensation | |||||||||||
- | - | - | - | 2,000 | 2,000 | 7,000 | 37,000 | 14,000 | 10,000 | 5,000 | 1,000 |
Deferred income taxes | |||||||||||
-3,000 | -18,000 | -34,000 | -3,000 | -39,000 | -2,000 | 18,000 | 77,000 | 71,000 | 41,000 | 41,000 | 38,000 |
Gain on investments | |||||||||||
- | - | - | 2,000 | 57,000 | -9,000 | -25,000 | 0 | 28,000 | 0 | 0 | - |
Impairment of equity investment | |||||||||||
- | - | - | - | - | - | - | - | - | - | 5,000 | 3,000 |
Goodwill and Intangible Asset Impairment | |||||||||||
- | - | - | 80,000 | 478,000 | 0 | 0 | - | - | - | - | - |
Changes in assets and liabilities: | |||||||||||
Receivables | |||||||||||
-190,000 | 34,000 | 6,000 | -40,000 | -1,000 | -101,000 | 46,000 | 165,000 | 65,000 | 15,000 | -60,000 | -73,000 |
Inventories | |||||||||||
3,000 | -2,000 | -3,000 | -14,000 | 11,000 | -18,000 | 9,000 | -14,000 | -3,000 | 18,000 | 2,000 | -7,000 |
Current payables and accrued expenses | |||||||||||
-153,000 | 108,000 | 12,000 | 11,000 | -8,000 | -23,000 | -63,000 | 105,000 | 28,000 | 9,000 | 15,000 | -7,000 |
Deferred revenue | |||||||||||
-62,000 | 115,000 | 115,000 | 1,000 | 24,000 | -28,000 | 9,000 | 42,000 | 45,000 | 10,000 | -4,000 | 13,000 |
Other assets and liabilities | |||||||||||
34,000 | 34,000 | -95,000 | 10,000 | -3,000 | -21,000 | -10,000 | 49,000 | 17,000 | -9,000 | -5,000 | 17,000 |
Net cash provided by operating activities | |||||||||||
148,000 | 364,000 | 324,000 | 446,000 | 401,000 | 680,000 | 510,000 | 575,000 | 513,000 | 413,000 | 455,000 | 440,000 |
Investing activities | |||||||||||
Purchases of short-term investments | |||||||||||
- | - | - | - | - | - | - | - | - | - | 25,000 | 90,000 |
Proceeds from sales and maturities of short-term investments | |||||||||||
- | - | - | - | - | - | - | - | - | - | 65,000 | 50,000 |
Expenditures for property and equipment | |||||||||||
54,000 | 153,000 | 78,000 | 53,000 | 52,000 | 54,000 | 60,000 | 67,000 | 42,000 | 34,000 | 29,000 | 19,000 |
Additions to capitalized software | |||||||||||
5,000 | 7,000 | 9,000 | 65,000 | 68,000 | 75,000 | 78,000 | 81,000 | 68,000 | 49,000 | 59,000 | 52,000 |
Proceeds from sales of property and equipment | |||||||||||
- | - | - | 5,000 | 0 | 0 | - | - | - | - | - | - |
Proceeds from disposition of investments | |||||||||||
- | - | - | 2,000 | 85,000 | 0 | 0 | - | - | - | - | - |
Proceeds from sale of business | |||||||||||
- | - | - | 92,000 | 0 | 0 | - | - | - | - | - | - |
Business acquisitions and other investing activities, net | |||||||||||
0 | 3,000 | 21,000 | 16,000 | 17,000 | 69,000 | 36,000 | 274,000 | 722,000 | 62,000 | 9,000 | 25,000 |
Net cash used in investing activities | |||||||||||
-59,000 | -163,000 | -108,000 | -35,000 | -52,000 | -198,000 | -174,000 | -422,000 | -832,000 | -145,000 | -57,000 | -136,000 |
Financing activities | |||||||||||
Proceeds from credit facility borrowings | |||||||||||
0 | 0 | 420,000 | 0 | 180,000 | 220,000 | - | - | - | - | - | - |
Repayments of credit-facility borrowings | |||||||||||
0 | 240,000 | 180,000 | 180,000 | 220,000 | 0 | 0 | - | - | - | - | - |
Repurchases of common stock | |||||||||||
300,000 | 300,000 | 351,000 | 82,000 | 657,000 | 551,000 | 382,000 | 277,000 | 127,000 | 88,000 | 174,000 | 176,000 |
Proceeds from long-term borrowings | |||||||||||
- | - | - | - | 600,000 | 0 | 0 | 0 | 600,000 | 0 | 0 | - |
Repayments of long-term borrowings | |||||||||||
19,000 | 40,000 | 30,000 | 30,000 | 247,000 | 26,000 | 15,000 | 11,000 | 300,000 | 0 | 0 | - |
Payments of finance leases | |||||||||||
33,000 | 5,000 | 0 | 0 | - | - | - | - | - | - | - | - |
Excess tax benefit from stock-based compensation | |||||||||||
- | - | - | - | 2,000 | 2,000 | 7,000 | 37,000 | 14,000 | 10,000 | 5,000 | 1,000 |
Other financing activities, net | |||||||||||
44,000 | 31,000 | 32,000 | 30,000 | 18,000 | 29,000 | 28,000 | 55,000 | 25,000 | 31,000 | 25,000 | 8,000 |
Net cash used in financing activities | |||||||||||
-308,000 | -554,000 | -109,000 | -262,000 | -324,000 | -326,000 | -362,000 | -196,000 | 212,000 | -47,000 | -144,000 | -167,000 |
Effect of exchange rate changes on cash, cash equivalents and restricted cash | |||||||||||
-1,000 | -20,000 | 8,000 | -14,000 | -20,000 | -17,000 | -8,000 | 0 | -4,000 | 1,000 | 5,000 | -5,000 |
(Decrease) increase in cash, cash equivalents and restricted cash | |||||||||||
-220,000 | -373,000 | 115,000 | 135,000 | 5,000 | 139,000 | -34,000 | -43,000 | -111,000 | 222,000 | 259,000 | 132,000 |
Supplemental cash flow disclosure: | |||||||||||
Assets acquired by finance lease | |||||||||||
115,000 | 52,000 | 0 | 0 | - | - | - | - | - | - | - | - |
Assets acquired under operating lease | |||||||||||
6,000 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Reconciliation of cash, cash equivalents and restricted cash to the Consolidated Balance Sheets | |||||||||||
Income taxes | |||||||||||
33,000 | 33,000 | 25,000 | 105,000 | 98,000 | 133,000 | 124,000 | 54,000 | 56,000 | 89,000 | 44,000 | 33,000 |
Interest | |||||||||||
26,000 | 23,000 | 14,000 | 12,000 | 8,000 | 3,000 | 4,000 | 4,000 | 3,000 | 0 | 0 | 1,000 |