Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statement of Cash Flows

v3.8.0.1
Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Net income (loss) $ 10,261 $ 52,944
Adjustments to reconcile net income to cash provided by operating activities:    
Amortization and depreciation 46,502 18,743
Impairment of IPR&D assets 2,000 1,300
Provision for losses on accounts receivable 133 87
Amortization (accretion) of investment premiums (discount), net (60) 95
Amortization of inventory step-up 15,842 2,989
Amortization of Debt Issuance Costs and Discounts 476 0
Stock-based compensation 24,898 16,475
Deferred income taxes (48,417) 215
Loss on disposal of property and equipment 201 48
(Gain) loss on sale of available-for-sale securities 38 (50)
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability 0 209
Loss on foreign currency 1,415 66
Excess tax benefits on stock-based awards (6,598) (6,042)
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable (13,869) (7,360)
Inventory (2,331) 6,964
Prepaid expenses and other assets 1,696 (365)
Accounts payable, accrued expenses and other current liabilities 576 2,497
Accrued compensation 216 3,357
Deferred revenue and deferred profit 11,233 1,228
Accrued price protection liability 13,053 (2,914)
Other long-term liabilities (3,944) (772)
Net cash provided by operating activities 53,321 89,714
Investing Activities    
Purchases of property and equipment (4,398) (6,828)
Purchases of intangible assets (5,378) (390)
Cash used in acquisitions, net of cash acquired (473,304) (101,000)
Purchases of available-for-sale securities (30,577) (80,263)
Maturities of available-for-sale securities 84,546 88,711
Net cash used in investing activities (429,111) (99,770)
Financing Activities    
Repurchases of common stock (334) (3)
Net proceeds from issuance of common stock 9,092 4,450
Minimum tax withholding paid on behalf of employees for restricted stock units (9,825) (6,184)
Proceeds from Issuance of Secured Debt 416,846 0
Repayments of Secured Debt (50,000) 0
Net cash provided by (used in) financing activities 365,779 (1,737)
Effect of exchange rate changes on cash and cash equivalents 1,211 (87)
Decrease in cash, cash equivalents and restricted cash (8,800) (11,880)
Cash, cash equivalents and restricted cash at beginning of period 82,896 67,956
Cash, cash equivalents and restricted cash at end of period 74,096 56,076
Supplemental disclosures of cash flow information:    
Cash paid for interest 5,221 0
Cash paid for income taxes 8,918 1,483
Issuance of accrued share-based bonus plan 3,314 7,649
Physpeed [Member]    
Supplemental disclosures of cash flow information:    
Issuance of restricted stock units to Physpeed continuing employees $ 818 $ 578