Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities      
Net loss $ (1,373,511) $ (119,470) $ (26,907)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Goodwill impairment 942,408 102,470
Impairment of other long-lived assets 288,977 14,636
Depreciation and amortization 108,395 109,429 $ 92,436
Stock-based compensation 30,010 30,207 24,262
Foreign currency transaction loss (gain) 8,612 10,327 (1,470)
Deferred income taxes (19,129) (53,887) (19,449)
Change in fair value of obligations in connection with acquisitions $ (23,671) $ (26,150) 754
Excess tax benefit from stock options and warrant (2,817)
Other non-cash items $ 17 $ 275 (53)
Change in cash attributable to changes in operating assets and liabilities, net of the impact of acquisitions:      
Accounts receivable, net 25,075 (46,717) (32,763)
Inventories (12,408) (39,370) (27,102)
Net investment in sales-type leases (6,497) (5,078) (4,909)
Other current assets and prepaid expenses 11,262 (10,537) 1,222
Other non-current assets (439) 1,558 (1,625)
Accounts payable (1,937) (4,305) (8,519)
Other current liabilities (7,464) 31,047 14,000
Deferred revenues 10,141 12,662 11,601
Other non-current liabilities (1,751) 6,719 13,368
Net cash provided by (used in) operating activities (21,910) 13,816 32,029
Cash flows from investing activities      
Purchase of property and equipment (84,299) (60,497) (33,276)
Proceeds from maturities of bank deposits and restricted deposits 191,741 551,364 45,433
Investment in bank deposits and restricted deposits (187,264) (361,571) (225,740)
Cash paid for acquisitions, net of cash acquired (9,905) (151,057) (8,758)
Acquisition of intangible assets (2,747) (3,087) $ (4,663)
Purchase of long-term investments $ (250) (3,767)
Proceeds from maturities and sales of marketable securities 1,634
Other investing activities $ (378) (458) $ 253
Net cash used in investing activities (93,102) $ (27,439) $ (226,751)
Cash flows from financing activities      
Repayment of short-term debt (175,000)
Proceeds from short-term debt 125,000 $ 50,000
Payment of obligations in connection with acquisitions (19,875) (10,795)
Proceeds from exercise of stock options and warrant $ 2,871 $ 7,906 $ 12,451
Proceeds from follow-on offering, net of issuance costs 462,872
Excess tax benefit from stock options and warrant $ 2,817
Acquisition of non-controlling interest $ (2,170)
Other financing activities $ (3,225)
Net cash provided by (used in) financing activities $ (67,004) $ 44,941 474,915
Effect of exchange rate changes on cash and cash equivalents (2,533) (3,265) 69
Net change in cash and cash equivalents (184,549) 28,053 280,262
Cash and cash equivalents, beginning of year 442,141 414,088 133,826
Cash and cash equivalents, end of year 257,592 442,141 414,088
Supplemental disclosure of cash flow information      
Cash paid for Income taxes 13,487 6,241 $ 3,300
Cash paid for interest 1,514 235
Transfer of inventory to fixed assets 8,886 10,933 $ 6,279
Transfer of fixed assets to inventory 3,661 3,819 316
Fair value of assets acquired, including $509, $6,502 and $3,405 of cash acquired for the years ended December 31, 2015, 2014 and 2013, respectively 12,570 360,595 573,604
Less liabilities assumed (2,156) (22,416) (79,954)
Net acquired assets 10,414 338,179 493,650
Cash paid for merger and acquisitions $ 10,414 157,559 12,163
Shares and other consideration 180,620 481,487
Total consideration paid for merger and acquisitions $ 10,414 $ 338,179 $ 493,650