XML 42 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 236,254 $ 170,369
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 12,995 10,337
Gain on disposal of property and equipment (185) (216)
Stock-based compensation 15,089 14,392
Loss on put option 97 243
Gain on investments, net (84) (2,881)
Deferred income taxes 168 (926)
Tax benefit from exercise of stock options (3,303) (28,883)
Effect on cash of changes in operating assets and liabilities:    
Accounts receivable (99,711) (104,993)
Distributor receivables 1,242 (5,310)
Inventories 13,536 (33,972)
Prepaid expenses and other current assets (4,189) (8,523)
Prepaid income taxes 2,503 (4,118)
Accounts payable 36,113 16,877
Accrued liabilities 17,529 15,987
Accrued promotional allowances 31,776 22,188
Accrued distributor terminations 165 3,464
Accrued compensation (4,618) (4,122)
Income taxes payable 6,780 33,019
Deferred revenue (3,180) 6,788
Net cash provided by operating activities 258,977 99,720
CASH FLOWS FROM INVESTING ACTIVITIES:    
Maturities of held-to-maturity investments 324,819 107,416
Sales of trading investments 3,450  
Purchases of held-to-maturity investments (421,797) (154,525)
Purchases of property and equipment (15,074) (22,497)
Proceeds from sale of property and equipment 310 8,665
Increase in intangibles (828) (5,101)
Decrease (increase) in other assets 1,102 (4,538)
Net cash used in investing activities (108,018) (70,580)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal payments on debt (973) (794)
Tax benefit from exercise of stock options 3,303 28,883
Issuance of common stock 7,716 16,288
Purchases of common stock held in treasury (59) (13,396)
Net cash provided by financing activities 9,987 30,981
Effect of exchange rate changes on cash and cash equivalents 756 1,204
NET INCREASE IN CASH AND CASH EQUIVALENTS 161,702 61,325
CASH AND CASH EQUIVALENTS, beginning of period 211,349 222,514
CASH AND CASH EQUIVALENTS, end of period 373,051 283,839
Cash paid during the period for:    
Interest 18 19
Income taxes $ 119,654 $ 82,720