| 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) | |||||||||||
92,139 | -46,302 | -48,260 | 256,979 | 232,573 | 208,042 | 162,330 | 128,778 | 96,919 | 68,477 | 46,785 | 38,229 |
Adjustments to reconcile net income (loss) to net cash used in operating activities | |||||||||||
Depreciation and amortization | |||||||||||
186,425 | 181,768 | 173,747 | 144,770 | 100,940 | 72,093 | 50,549 | 43,082 | 36,301 | 31,321 | 28,249 | 21,347 |
Unrealized foreign currency exchange rate gain (loss) | |||||||||||
2,073 | -14,023 | 29,247 | -12,627 | -33,359 | -11,739 | -1,905 | 2,464 | -4,027 | -1,280 | 5,222 | -5,459 |
Loss on disposal of property and equipment | |||||||||||
-4,640 | -4,256 | -2,313 | -1,580 | -549 | -261 | -332 | -524 | -36 | -44 | -37 | -15 |
Impairment charges | |||||||||||
39,000 | 9,893 | 71,378 | 0 | 0 | - | - | - | - | - | - | - |
Amortization of bond premium | |||||||||||
254 | 254 | 254 | 0 | 0 | - | - | - | - | - | - | - |
Stock-based compensation | |||||||||||
49,600 | 41,800 | 39,900 | 46,100 | 60,376 | 50,812 | 43,184 | 19,845 | 18,063 | 16,227 | 12,910 | 8,466 |
Excess tax benefit (loss) from stock-based compensation arrangements | |||||||||||
0 | 0 | 75 | -44,783 | -45,917 | - | - | - | - | - | - | - |
Gain on bargain purchase of corporate headquarters (excludes transaction costs of $1.9 million) | |||||||||||
- | - | - | - | - | - | - | - | 3,300 | 0 | 0 | - |
Deferred income taxes | |||||||||||
38,132 | -38,544 | 55,910 | -43,004 | -4,426 | -17,584 | -18,832 | -12,973 | 3,620 | -10,337 | -5,212 | -2,818 |
Changes in reserves and allowances | |||||||||||
-26,096 | -234,998 | 108,757 | 70,188 | 40,391 | 31,350 | 13,945 | 13,916 | 5,536 | 2,322 | 1,623 | 8,711 |
Changes in operating assets and liabilities: | |||||||||||
Accounts receivable | |||||||||||
45,450 | -186,834 | 79,106 | 249,853 | 191,876 | 101,057 | 35,960 | 53,433 | 33,923 | 32,320 | -3,792 | -2,634 |
Inventories | |||||||||||
-149,519 | -109,919 | 222,391 | 148,055 | 278,524 | 84,658 | 156,900 | -4,699 | 114,646 | 65,239 | -32,998 | 19,497 |
Prepaid expenses and other assets | |||||||||||
-24,334 | 107,855 | 52,106 | 23,029 | 76,476 | 33,345 | 19,049 | 4,060 | 42,633 | 4,099 | -1,870 | 7,187 |
Other non-current assets | |||||||||||
-19,966 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Accounts payable | |||||||||||
59,458 | 26,413 | 145,695 | 202,446 | -22,583 | 49,137 | 14,642 | 35,370 | 17,209 | 16,158 | -4,386 | 16,957 |
Accrued expenses and other liabilities | |||||||||||
-18,987 | 134,594 | 109,823 | 67,754 | 76,854 | 28,856 | 56,481 | 21,966 | 23,442 | 21,330 | 11,656 | 5,316 |
Customer refund liability | |||||||||||
-80,710 | 305,141 | 0 | 0 | - | - | - | - | - | - | - | - |
Income taxes payable and receivable | |||||||||||
18,862 | 41,051 | -39,164 | -16,712 | -2,533 | 3,387 | 7,443 | 4,511 | 4,567 | 4,950 | -6,059 | 2,516 |
Net cash used in operating activities | |||||||||||
509,031 | 628,230 | 237,460 | 366,623 | 14,541 | 219,033 | 120,070 | 199,761 | 15,218 | 50,114 | 119,041 | 69,516 |
Cash flows from investing activities | |||||||||||
Purchases of property and equipment | |||||||||||
145,802 | 170,385 | 281,339 | 316,458 | 298,928 | 140,528 | 87,830 | 50,650 | 56,228 | 30,182 | 19,845 | 38,594 |
Purchase of intangible asset | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 600 |
Change in restricted cash | |||||||||||
- | - | - | - | - | - | - | -5,029 | 5,029 | 0 | - | - |
Sale of property and equipment | |||||||||||
0 | 11,285 | 0 | 0 | - | - | - | - | - | - | - | 21 |
Purchase of equity method investment | |||||||||||
0 | 39,207 | 0 | 0 | - | - | - | - | - | - | - | - |
Purchases of property and equipment from related parties | |||||||||||
- | - | - | 70,288 | 0 | 0 | - | - | - | - | - | - |
Purchase of corporate headquarters and related expenditures | |||||||||||
- | - | - | - | - | - | - | - | - | 0 | - | - |
Purchase of trust-owned life insurance policies | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 2,893 |
Purchase of long term investment | |||||||||||
- | - | - | - | - | - | - | - | 3,862 | 11,125 | - | - |
Change in loans receivable | |||||||||||
- | - | - | - | - | - | 1,700 | 0 | 0 | - | - | - |
Purchases of other assets | |||||||||||
1,311 | 4,597 | 1,648 | 875 | 2,553 | 860 | 475 | 1,310 | 1,153 | 478 | 35 | - |
Purchase of businesses, net of cash acquired | |||||||||||
- | - | - | - | 539,460 | 10,924 | 148,097 | 0 | 23,164 | - | - | - |
Purchases of available-for-sale securities | |||||||||||
- | - | - | 24,230 | 103,144 | 0 | 0 | - | - | - | - | - |
Sales of available-for-sale securities | |||||||||||
- | - | - | 30,712 | 96,610 | 0 | 0 | - | - | - | - | - |
Net cash used in investing activities | |||||||||||
-147,113 | -202,904 | -282,987 | -381,139 | -847,475 | -152,312 | -238,102 | -46,931 | -89,436 | -41,785 | -19,880 | -42,066 |
Cash flows from financing activities | |||||||||||
Proceeds from long term debt and revolving credit facility | |||||||||||
25,000 | 505,000 | 763,000 | 1,327,601 | 650,000 | 250,000 | - | - | - | - | 7,649 | 13,214 |
Proceeds from Lines of Credit | |||||||||||
- | - | - | - | - | - | 100,000 | 0 | 30,000 | 0 | - | 40,000 |
Payments on revolving credit facility | |||||||||||
- | - | - | - | - | - | 0 | 0 | 30,000 | 0 | 25,000 | 15,000 |
Proceeds From Term Loan | |||||||||||
- | - | - | - | - | - | 0 | 0 | 25,000 | 0 | - | - |
Payment on Term Loan | |||||||||||
- | - | - | - | - | - | 0 | 25,000 | 0 | 0 | - | - |
Proceeds from long term debt | |||||||||||
- | - | - | - | - | - | - | 50,000 | 5,644 | 5,262 | - | - |
Payments on long term debt and revolving credit facility | |||||||||||
162,817 | 695,000 | 665,000 | 1,170,750 | 265,202 | 118,722 | 5,471 | 44,330 | 7,418 | - | 7,656 | 6,490 |
Employee taxes paid for shares withheld for income taxes | |||||||||||
4,235 | 2,743 | 2,781 | 15,098 | -12,728 | 36,965 | 17,163 | 17,868 | 10,260 | 4,189 | 5,127 | 2,131 |
Payments on long term debt | |||||||||||
- | - | - | - | - | - | - | - | - | 9,446 | - | - |
Payments on capital lease obligations | |||||||||||
- | - | - | - | - | - | - | - | - | 97 | 361 | 464 |
Proceeds from exercise of stock options and other stock issuances | |||||||||||
7,472 | 2,580 | 11,540 | 15,485 | 10,310 | 15,776 | 15,103 | 14,776 | 14,645 | 7,335 | 5,128 | 1,990 |
Payments of debt financing costs | |||||||||||
2,553 | 11 | 0 | 6,692 | 947 | 1,713 | 0 | 1,017 | 2,324 | 0 | 1,354 | - |
Other financing fees | |||||||||||
63 | 306 | 0 | 0 | - | - | - | - | - | - | - | - |
Cash dividends paid | |||||||||||
- | - | - | 2,927 | 0 | 0 | - | - | - | - | - | - |
Contingent consideration payments for acquisitions | |||||||||||
- | - | - | 1,505 | 0 | 0 | - | - | - | - | - | - |
Net cash provided by (used in) financing activities | |||||||||||
-137,070 | -189,868 | 106,759 | 146,114 | 381,433 | 182,306 | 126,795 | 12,297 | 45,807 | 7,243 | -16,467 | 35,381 |
Effect of exchange rate changes on cash, cash equivalents and restricted cash | |||||||||||
5,100 | 12,467 | 4,178 | -8,725 | -11,822 | -3,341 | -3,115 | 1,330 | -75 | 1,001 | 2,561 | -1,377 |
Net decrease in cash, cash equivalents and restricted cash | |||||||||||
229,948 | 247,925 | 65,410 | 122,873 | -463,323 | 245,686 | 5,648 | 166,457 | -28,486 | 16,573 | 85,255 | 61,454 |
Non-cash investing and financing activities | |||||||||||
Debt assumed and property and equipment acquired in connection with purchase of corporate headquarters | |||||||||||
- | - | - | - | - | - | - | - | 38,556 | 0 | - | - |
Change in accrual for property and equipment | |||||||||||
-8,084 | -14,611 | 10,580 | 16,973 | 17,758 | 4,922 | 3,786 | 12,137 | 157 | 2,922 | - | - |
Non-cash dividends | |||||||||||
- | - | - | 56,073 | 0 | 0 | - | - | - | - | - | - |
Other supplemental information | |||||||||||
Cash paid (received) for income taxes, net of refunds | |||||||||||
23,352 | -16,738 | 36,921 | 135,959 | - | - | - | - | - | - | - | - |
Cash paid for interest, net of capitalized interest | |||||||||||
18,031 | 28,586 | 29,750 | 21,412 | 11,176 | 4,146 | 1,505 | 3,306 | 2,305 | 992 | 1,273 | 1,444 |
Noncash or Part Noncash Acquisition, Other Assets Acquired | |||||||||||
- | - | - | - | - | 11,233 | 0 | 0 | - | - | - | - |
Property and equipment acquired under build-to-suit leases | |||||||||||
- | - | - | - | 5,631 | 0 | 0 | - | - | - | - | - |
Cash paid for income taxes | |||||||||||
- | - | - | - | 99,708 | 103,284 | 85,570 | 57,739 | 56,940 | 38,773 | 40,834 | 29,561 |
Purchase of property and equipment through certain obligations | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 2,486 |