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

Consolidated Statements of Cash Flows

v3.7.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities      
Net loss $ (77,621) $ (1,373,511) $ (119,470)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Goodwill impairment 942,408 102,470
Impairment of other long-lived assets 24,924 288,977 14,636
Depreciation and amortization 92,877 108,395 109,429
Stock-based compensation 20,773 30,010 30,207
Foreign currency transaction loss 2,147 8,612 10,327
Deferred income taxes (10,378) (19,129) (53,887)
Change in fair value of obligations in connection with acquisitions (872) (23,671) (26,150)
Other non-cash items 1,220 17 275
Change in cash attributable to changes in operating assets and liabilities, net of the impact of acquisitions:      
Accounts receivable, net 2,009 25,075 (46,717)
Inventories 642 (12,408) (39,370)
Net investment in sales-type leases 5,646 (6,497) (5,078)
Other current assets and prepaid expenses 395 11,262 (10,537)
Other non-current assets 933 (439) 1,558
Accounts payable 1,969 (1,937) (4,305)
Other current liabilities (6,330) (7,464) 31,047
Deferred revenues 3,380 10,141 12,662
Other non-current liabilities 259 (1,751) 6,719
Net cash provided by (used in) operating activities 61,973 (21,910) 13,816
Cash flows from investing activities      
Purchase of property and equipment (45,125) (84,299) (60,497)
Proceeds from maturities of bank deposits and restricted deposits 73,836 191,741 551,364
Investment in bank deposits and restricted deposits (67,177) (187,264) (361,571)
Cash paid for acquisitions, net of cash acquired (9,905) (151,057)
Investment in unconsolidated entities (23,064) (250) (3,767)
Purchase of intangible assets (2,002) (2,747) (3,087)
Proceeds from maturities and sales of marketable securities 1,634
Other investing activities (457) (378) (458)
Net cash used in investing activities (63,989) (93,102) (27,439)
Cash flows from financing activities      
Proceeds from long-term debt 26,000
Repayment of short-term debt (175,000)  
Proceeds from short-term debt 125,000 50,000
Payment of obligations in connection with acquisitions (1,386) (19,875) (10,795)
Proceeds from exercise of stock options 1,185 2,871 7,906
Acquisition of non-controlling interest (2,170)
Net cash provided by (used in) financing activities 25,799 (67,004) 44,941
Effect of exchange rate changes on cash and cash equivalents (1,047) (2,533) (3,265)
Net change in cash and cash equivalents 22,736 (184,549) 28,053
Cash and cash equivalents, beginning of year 257,592 442,141 414,088
Cash and cash equivalents, end of year 280,328 257,592 442,141
Supplemental disclosure of cash flow information      
Cash paid for Income taxes 5,278 13,487 6,241
Cash paid for interest 1,514 235
Transfer of inventory to fixed assets 5,085 8,886 10,933
Transfer of fixed assets to inventory 1,068 3,661 3,819
Fair value of assets acquired in connection with acquisitions, including $0, $509 and $6,502 of cash acquired for the years ended December 31, 2016, 2015 and 2014, respectively 12,570 360,595
Less liabilities assumed (2,156) (22,416)
Net acquired assets 10,414 338,179
Cash paid for merger and acquisitions 10,414 157,559
Shares and other consideration 180,620
Total consideration paid for merger and acquisitions 10,414 338,179
Acquisitions, net of cash acquired $ 9,905 $ 151,057