| Jan'20 | Dec'18 | Dec'17 | Dec'16 | Jan'16 | Jan'15 | Jan'14 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flow from operating activities: | |||||||||||
Net income | |||||||||||
514,500 | 283,300 | 118,500 | 132,200 | 120,700 | 213,900 | 218,200 | 189,716 | 148,909 | 103,613 | 63,963 | 140,973 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
Depreciation expense | |||||||||||
39,400 | 35,600 | 34,600 | 37,000 | 36,700 | 33,100 | 26,700 | 23,691 | 20,509 | 18,198 | 18,795 | 19,047 |
Amortization expense | |||||||||||
167,800 | 179,600 | 148,800 | 150,800 | 162,400 | 158,500 | 162,800 | 125,707 | 85,902 | 57,639 | 52,672 | 45,066 |
Provision for doubtful accounts | |||||||||||
- | - | - | 3,000 | 1,900 | 3,800 | 1,900 | 2,030 | 1,913 | 2,320 | 4,139 | 2,709 |
Deferred income taxes | |||||||||||
-220,200 | -47,600 | -16,100 | 400 | 900 | -1,700 | -15,000 | -1,369 | -26,305 | -14,918 | -7,473 | -17,356 |
Stock-based compensation | |||||||||||
75,000 | 76,900 | 64,800 | 52,600 | 50,100 | 43,400 | 36,500 | 32,660 | 28,451 | 23,125 | 18,659 | 16,166 |
Income from equity method investments, net of dividends | |||||||||||
7,800 | -1,900 | 11,400 | 17,600 | 17,900 | 12,400 | 20,700 | 24,727 | 15,349 | 11,795 | 429 | -7,981 |
Gain on an equity sale | |||||||||||
- | - | - | - | - | 15,100 | 0 | 0 | - | - | - | - |
Divestitures gain, net | |||||||||||
- | - | - | 3,500 | 3,900 | -2,900 | -1,400 | 7,257 | 264 | 3,177 | - | - |
Excess tax benefit for stock-based compensation | |||||||||||
- | - | - | - | - | 14,100 | 13,500 | 25,345 | 14,762 | 9,639 | 1,453 | 5,970 |
Provision for excess and obsolete inventories | |||||||||||
- | - | - | 15,800 | 12,300 | 4,800 | 3,200 | 6,234 | 8,410 | 4,752 | 3,530 | 4,426 |
Other, net | |||||||||||
-5,500 | -21,300 | -5,500 | -3,300 | -10,000 | -4,700 | 700 | 4,221 | -2,407 | 1,433 | -2,810 | 320 |
(Increase) decrease in assets: | |||||||||||
Accounts receivable, net | |||||||||||
96,000 | 51,000 | 42,700 | -1,200 | -300 | 10,900 | 4,100 | 24,388 | 31,874 | 7,376 | 3,935 | -33,414 |
Other receivables | |||||||||||
- | - | - | -1,400 | -8,500 | 2,300 | -2,300 | 5,017 | -30,141 | -2,518 | -3,516 | 7,422 |
Inventories | |||||||||||
21,300 | 45,000 | 37,300 | -24,000 | 2,900 | 31,800 | 11,400 | 8,402 | 30,139 | 45,549 | -13,292 | 16,461 |
Other current and non-current assets | |||||||||||
-11,000 | 17,600 | 15,600 | 1,200 | 7,600 | 7,100 | 11,800 | 7,945 | -10,519 | -2,257 | 620 | -779 |
Increase (decrease) in liabilities: | |||||||||||
Accounts payable | |||||||||||
14,500 | -2,000 | 25,700 | 10,900 | -6,400 | -7,200 | -15,800 | 25,985 | -4,310 | 13,577 | 2,631 | -20,898 |
Accrued compensation and benefits | |||||||||||
-46,400 | 18,600 | 34,000 | 600 | -100 | 500 | 4,100 | 7,889 | 2,469 | 15,928 | 245 | -12,487 |
Deferred revenue | |||||||||||
148,200 | 76,300 | 19,300 | 26,100 | 28,100 | 45,900 | 29,400 | 16,560 | 18,775 | -1,177 | 25,476 | -1,320 |
Accrued warranty expense | |||||||||||
- | - | - | -1,100 | -2,000 | 3,100 | 700 | -1,520 | 644 | -2,217 | 1,179 | - |
Income taxes payable | |||||||||||
- | - | - | -16,100 | -30,400 | - | - | - | - | - | - | - |
Other current and non-current liabilities | |||||||||||
800 | -43,600 | 101,600 | -6,200 | -3,700 | -4,900 | 20,400 | 20,419 | 5,583 | -22,616 | 3,254 | 3,069 |
Net cash provided by operating activities | |||||||||||
585,000 | 486,700 | 429,700 | 413,600 | 357,000 | 407,100 | 414,600 | 340,700 | 241,629 | 124,030 | 194,631 | 176,074 |
Cash flow from investing activities: | |||||||||||
Acquisitions of businesses, net of cash acquired | |||||||||||
220,800 | 1,763,500 | 280,200 | 38,800 | 156,300 | 307,900 | 258,800 | 728,114 | 759,737 | 136,419 | 52,018 | 115,137 |
Acquisitions of property and equipment | |||||||||||
69,000 | 67,600 | 43,700 | 26,000 | 43,900 | 47,300 | 70,900 | 54,071 | 23,278 | 23,133 | 12,706 | 16,196 |
Purchases of equity method investments | |||||||||||
- | - | - | 1,500 | 5,500 | 10,900 | - | 0 | - | 8,192 | 750 | - |
Purchases of short-term investments | |||||||||||
0 | 24,000 | 288,000 | 113,300 | 0 | 0 | - | - | - | - | - | - |
Proceeds from maturities of short-term investments | |||||||||||
0 | 6,200 | 122,100 | 2,400 | 0 | 0 | - | - | - | - | - | - |
Proceeds from sales of short-term investments | |||||||||||
0 | 196,800 | 97,700 | 0 | 0 | - | - | - | - | - | - | - |
Acquisitions of intangible assets | |||||||||||
- | - | - | - | - | 7,600 | 200 | 1,170 | - | 2,063 | 26,839 | - |
Proceeds from Sale of Equity Method Investments | |||||||||||
- | - | - | - | - | - | 2,400 | - | - | - | - | - |
Net proceeds from sales of businesses | |||||||||||
- | - | - | 14,400 | 12,100 | 0 | 0 | - | - | - | - | - |
Proceeds received from noncontrolling interest holder | |||||||||||
- | - | - | - | - | - | - | - | - | 7,470 | - | -4,200 |
Net maturities of short term investments | |||||||||||
- | - | - | - | - | - | - | - | - | - | 5,000 | 5,000 |
Dividends received from equity method investments | |||||||||||
- | - | - | 17,600 | 20,000 | 32,200 | 7,700 | 13,178 | 12,398 | 5,858 | 2,896 | 10,648 |
Other, net | |||||||||||
-14,500 | -2,500 | -20,900 | -800 | -1,200 | 2,500 | 5,000 | -5,891 | 2,948 | -105 | -491 | 5,211 |
Net cash used in investing activities | |||||||||||
-275,300 | -1,649,600 | -371,200 | -144,400 | -172,400 | -344,000 | -324,800 | -764,286 | -773,565 | -156,374 | -83,926 | -126,696 |
Cash flow from financing activities: | |||||||||||
Issuance of common stock, net of tax withholdings | |||||||||||
29,100 | 40,200 | 73,800 | 67,500 | 29,700 | 56,100 | 47,700 | 59,187 | 45,869 | 44,548 | 14,855 | 22,802 |
Repurchases of common stock | |||||||||||
179,800 | 93,000 | 285,300 | 119,500 | 234,400 | 97,800 | 0 | 0 | - | 73,853 | - | 125,888 |
Excess tax benefit for stock-based compensation | |||||||||||
- | - | - | - | - | 14,100 | 13,500 | 25,345 | 734,225 | 9,639 | 1,453 | 5,970 |
Proceeds from debt and revolving credit lines | |||||||||||
1,195,400 | 2,976,400 | 786,000 | 355,000 | 555,000 | 876,200 | 407,700 | 1,199,352 | 14,762 | 0 | - | 151,000 |
Payments on debt and revolving credit lines | |||||||||||
1,322,900 | 1,925,100 | 495,400 | 465,300 | 555,200 | 900,100 | 567,300 | 857,477 | 330,689 | 498 | -183 | 60,314 |
Other, net | |||||||||||
-14,400 | -9,100 | -12,600 | - | - | - | - | - | - | - | - | -11 |
Net cash provided by (used in) financing activities | |||||||||||
-292,600 | 989,400 | 66,500 | -162,300 | -204,900 | -51,500 | -98,400 | 426,407 | 464,167 | -20,164 | 16,125 | -6,441 |
Effect of exchange rate changes on cash and cash equivalents | |||||||||||
-400 | -12,500 | 17,400 | -6,800 | -11,700 | -10,800 | -2,000 | 329 | 1,602 | -552 | 4,487 | -3,608 |
Net increase in cash and cash equivalents | |||||||||||
16,700 | -186,000 | 142,400 | 100,100 | -32,000 | 800 | -10,600 | 3,150 | -66,167 | -53,060 | 131,317 | 39,329 |