Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 Amendments

Consolidated Statements of Cash Flows

v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities    
Net income (loss) $ (24,916) $ 12,723
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation 10,156 5,521
Amortization 56,265 3,441
Deferred income taxes (16,875)   
Stock-based compensation 17,463 1,897
Excess tax benefit from stock options (1,962) (2,307)
Change in fair value of earn-out obligations 1,607   
Other non-cash items (656) 2
Net change in operating assets and liabilities, net of acquisitions:    
Accounts receivable, net (21,520) (9,635)
Inventories (15,643) (12,522)
Net investment in sales-type leases (1,992) (2,709)
Accounts payable and other current liabilities (3,216) 4,567
Non-current liabilities 5,045   
Unearned revenues 6,669 300
Other assets and liabilities 5,989 1,032
Net cash provided by (used in) operating activities 16,414 2,310
Cash flows from investing activities    
Increase in short-term bank deposits (179,937)   
Acquisition of property and equipment (20,607) (7,531)
Acquisition of intangible and other assets (1,326) (1,818)
Proceeds from the maturity of investments    12,498
Proceeds from the sale of investments    4,803
Purchase of investments    (8,407)
Cash paid through merger with MakerBot, net (8,758)   
Other investing activities 303   
Net cash provided by (used in) investing activities (210,325) (455)
Cash flows from financing activities    
Proceeds from secondary offering, net of expenses 462,942   
Proceeds from exercise of stock options 10,004 3,618
Excess tax benefit from stock options 1,962 2,307
Net cash provided by financing activities 474,908 5,925
Effect of exchange rate changes on cash 67 28
Net change in cash and cash equivalents 281,064 7,808
Cash and cash equivalents, beginning of period 133,826 20,092
Cash and cash equivalents, end of period 414,890 27,900
Supplemental disclosures of cash flow information:    
Transfer of fixed assets to inventory 802 278
Transfer of inventory to fixed assets 4,712 3,492
Fair value of assets acquired, including $3,405 of cash 573,007  
Less liabilities assumed (79,357)  
Net acquired assets 493,650  
Cash paid 12,163  
Shares and other consideration 481,487  
Total consideration $ 493,650