XML 17 R6.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 163,877 $ 4,414
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 9,024 6,470
Loss (gain) on disposal of property and equipment 46 (46)
Stock-based compensation 10,062 6,354
Deferred income taxes 9  
Effect on cash of changes in operating assets and liabilities:    
Accounts receivable (58,550) (68,138)
Distributor receivables (1,656) 66
Inventories (7,639) (26,547)
Prepaid expenses and other current assets (12,841) (5,895)
Prepaid income taxes (10,535) (13,498)
Accounts payable 36,086 42,742
Accrued liabilities 12,239 5,387
Accrued promotional allowances 13,136 (2,160)
Accrued distributor terminations (2,853) 205,980
Accrued compensation (9,147) (7,866)
Income taxes payable (34,791) (4,298)
Deferred revenue 3,092 (40,041)
Net cash provided by operating activities 109,559 102,924
CASH FLOWS FROM INVESTING ACTIVITIES:    
Maturities of held-to-maturity investments 396,346 253,732
Sales of available-for-sale investments   101
Purchases of held-to-maturity investments (152,050) (118,283)
Purchases of property and equipment (8,205) (4,687)
Proceeds from sale of property and equipment 381 102
Increase in intangibles (2,342) (1,552)
Decrease in other assets 142 227
Net cash provided by investing activities 234,272 129,640
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal payments on debt (522) (196)
Issuance of common stock 4,078 19,119
Purchases of common stock held in treasury (2,016) (251,382)
Net cash provided by (used in) financing activities 1,540 (232,459)
Effect of exchange rate changes on cash and cash equivalents 7,321 (7,641)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 352,692 (7,536)
CASH AND CASH EQUIVALENTS, beginning of period 2,175,417 370,323
CASH AND CASH EQUIVALENTS, end of period 2,528,109 362,787
Cash paid during the period for:    
Interest 16 5
Income taxes $ 137,186 $ 22,703