XML 64 R5.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Cash Flows from Operating Activities:    
Net income $ 125,145us-gaap_NetIncomeLoss $ 127,519us-gaap_NetIncomeLoss
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,178us-gaap_DepreciationDepletionAndAmortization 2,038us-gaap_DepreciationDepletionAndAmortization
Provision for inventory obsolescence 1,580us-gaap_InventoryWriteDown 2,045us-gaap_InventoryWriteDown
Deferred taxes 242us-gaap_IncreaseDecreaseInDeferredIncomeTaxes 1,989us-gaap_IncreaseDecreaseInDeferredIncomeTaxes
Excess tax benefit from employee stock-based awards (1,579)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities (5,279)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
Stock-based compensation 4,179us-gaap_ShareBasedCompensation 3,630us-gaap_ShareBasedCompensation
Other adjustments 2,706ubnt_OtherAdjustments (384)ubnt_OtherAdjustments
Changes in operating assets and liabilities:    
Accounts receivable (15,143)us-gaap_IncreaseDecreaseInAccountsReceivable (12,988)us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories 3,458us-gaap_IncreaseDecreaseInInventories (52,169)us-gaap_IncreaseDecreaseInInventories
Deferred cost of revenues 1,279us-gaap_IncreaseDecreaseInDeferredCharges (82)us-gaap_IncreaseDecreaseInDeferredCharges
Prepaid income taxes (4,138)us-gaap_IncreaseDecreaseInPrepaidTaxes (5,052)us-gaap_IncreaseDecreaseInPrepaidTaxes
Prepaid expenses and other assets (20,738)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (8,335)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Accounts payable 14,813us-gaap_IncreaseDecreaseInAccountsPayable 10,136us-gaap_IncreaseDecreaseInAccountsPayable
Income taxes payable 3,053us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable 4,022us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable
Deferred revenues (1,719)us-gaap_IncreaseDecreaseInDeferredRevenue 595us-gaap_IncreaseDecreaseInDeferredRevenue
Accrued liabilities and other 28us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities (2,151)us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
Net cash provided by operating activities 116,344us-gaap_NetCashProvidedByUsedInOperatingActivities 65,534us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash Flows from Investing Activities:    
Purchase of property and equipment and other long-term assets (10,817)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (3,244)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Net cash used in investing activities (10,817)us-gaap_NetCashProvidedByUsedInInvestingActivities (3,244)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash Flows from Financing Activities:    
Issuances of debt 100,000us-gaap_ProceedsFromIssuanceOfLongTermDebt 0us-gaap_ProceedsFromIssuanceOfLongTermDebt
Repayments of debt (72,254)us-gaap_RepaymentsOfLongTermDebt (3,750)us-gaap_RepaymentsOfLongTermDebt
Repurchases of common stock (15,000)ubnt_RepurchaseOfCommonStock 0ubnt_RepurchaseOfCommonStock
Payment of common stock dividend (15,020)us-gaap_PaymentsOfDividends 0us-gaap_PaymentsOfDividends
Proceeds from exercise of stock options 850us-gaap_ProceedsFromStockOptionsExercised 1,783us-gaap_ProceedsFromStockOptionsExercised
Excess tax benefit from employee stock-based awards 1,579us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 5,279us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Tax withholdings related to net share settlements of restricted stock units (1,620)us-gaap_RestrictedStockValueSharesIssuedNetOfTaxWithholdings (1,758)us-gaap_RestrictedStockValueSharesIssuedNetOfTaxWithholdings
Net cash provided by (used in) financing activities (1,465)us-gaap_NetCashProvidedByUsedInFinancingActivities 1,554us-gaap_NetCashProvidedByUsedInFinancingActivities
Net increase in cash and cash equivalents 104,062us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 63,844us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of period 347,097us-gaap_CashAndCashEquivalentsAtCarryingValue 227,826us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of period $ 451,159us-gaap_CashAndCashEquivalentsAtCarryingValue $ 291,670us-gaap_CashAndCashEquivalentsAtCarryingValue