Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v2.4.0.8
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 $ 213,949 $ 249,124
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 135,471 134,433
Non-cash interest expense, net of amortization of premium 10,779 10,932
Provision for doubtful accounts 21,287 20,153
Amortization of deferred income related to equity method investment (1,388) (1,388)
Loss on extinguishment of debt and credit facilities, net 0 16,377
Gain on unconsolidated entity investments, net (966) (1,382)
Dividend received from unconsolidated entity investment 8,554 13,217
Loss on disposal of assets 0 126
Loss on change in value of derivatives (34,485) 0
Share-based payment expense 36,027 30,012
Deferred income taxes 157,965 159,191
Other non-cash purchase price adjustments (1,890) (137,889)
Changes in operating assets and liabilities:    
Accounts receivable (26,467) (15,214)
Receivables from distributors (4,184) (6,863)
Inventory (7,692) 8,649
Related party assets (2,388) (205)
Prepaid expenses and other current assets (1,057) (28,317)
Other long-term assets 1,238 1,353
Accounts payable and accrued expenses (40,098) (69,310)
Accrued interest 12,943 3,868
Deferred revenue 44,981 59,116
Related party liabilities 449 1,171
Other long-term liabilities (4,702) (5,543)
Net cash provided by operating activities 592,072 442,021
Cash flows from investing activities:    
Additions to property and equipment (58,417) (62,980)
Acquisition of business, net of cash acquired 1,144 0
Return of capital from investment in unconsolidated entity 24,178 0
Net cash used in investing activities (33,095) (62,980)
Cash flows from financing activities:    
Proceeds from exercise of stock options 260 21,658
Taxes paid in lieu of shares issued for stock-based compensation (7,313) 0
Proceeds from long-term borrowings and revolving credit facility, net of costs 1,921,230 1,136,640
Payment of premiums on redemption of debt 0 (14,719)
Repayment of long-term borrowings and revolving credit facility (905,815) (283,180)
Common stock repurchased and retired (1,532,164) (1,108,616)
Net cash used in financing activities (523,802) (248,217)
Net increase in cash and cash equivalents 35,175 130,824
Cash and cash equivalents at beginning of period 134,805 520,945
Cash and cash equivalents at end of period 169,980 651,769
Cash paid during the period for:    
Interest, net of amounts capitalized 92,068 76,540
Non-cash investing and financing activities:    
Capital lease obligations incurred to acquire assets 719 0
Conversion of Series B preferred stock to common stock 0 1,293
Treasury stock not yet settled 20,739 35,173
Conversion of 7% Exchangeable Notes to common stock, net of debt issuance and deferred financing costs $ 0 $ 45,097