XML 65 R6.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net income $ 592,198 $ 593,794 $ 20,311
Adjustments to reconcile net income to net cash provided by operating activities:      
Stock-based compensation 38,577 37,541 39,436
Deferred income taxes 9,620 2,405 45,510
Depreciation 53,839 57,952 61,450
Amortization of intangibles 51,457 50,456 44,552
In-process research and development and other non-cash charges     5,000
Change in operating assets and liabilities, net of acquisitions:      
Increase in accounts receivable (22,195) (47,921) (24,013)
(Increase) decrease in inventories (31,854) (25,396) 731
Increase in other current assets (10,918) (12,446) (16,323)
(Increase) decrease in other assets (16,470) 6,047 (24,098)
Increase (decrease) in accounts payable and other current liabilities 9,784 (81,663) 3,175
Increase in deferred revenue and customer advances 12,189 2,721 10,386
Effect of the 2017 Tax Cuts and Jobs Act (3,229) (6,059) 530,383
(Decrease) increase in other liabilities (39,911) 27,015 1,140
Net cash provided by operating activities 643,087 604,446 697,640
Cash flows from investing activities:      
Additions to property, plant, equipment and software capitalization (163,823) (96,079) (85,473)
Asset and business acquisitions, net of cash acquired   (31,486)  
Investment in unaffiliated company (8,843) (7,615) (7,000)
Payments for intellectual property licenses     (5,000)
Purchases of investments (36,951) (1,006,080) (2,960,379)
Maturities and sales of investments 978,419 2,824,562 2,522,100
Net cash provided by (used in) investing activities 768,802 1,683,302 (535,752)
Cash flows from financing activities:      
Proceeds from debt issuances 925,670 274 1,480,190
Payments on debt (390,482) (850,435) (1,310,214)
Payments of debt issuance costs (2,932)   (2,984)
Proceeds from stock plans 53,715 52,429 97,789
Purchases of treasury shares (2,469,258) (1,315,106) (332,544)
Proceeds from (payments for) derivative contracts 10,609 (6,684) 3,894
Net cash used in financing activities (1,872,678) (2,119,522) (63,869)
Effect of exchange rate changes on cash and cash equivalents 224 (14,265) 38,669
(Decrease) increase in cash and cash equivalents (460,565) 153,961 136,688
Cash and cash equivalents at beginning of period 796,280 642,319 505,631
Cash and cash equivalents at end of period 335,715 796,280 642,319
Supplemental cash flow information:      
Income taxes paid 87,998 159,397 70,583
Interest paid $ 42,843 $ 50,798 $ 56,503