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, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operating activities      
Net income (loss) $ (26,907) $ 8,823 $ 20,626
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 92,436 19,497 10,348
Stock-based compensation 24,262 8,874 1,587
Deferred income taxes (19,449) (2,266) (113)
Excess tax benefit from stock options and warrant (2,817) (15,192) (2,620)
Other non-cash items (769) (461) (1,987)
Change in cash attributable to changes in operating assets and liabilities, net of the impact of acquisitions:      
Accounts receivable, net (30,350) (28,502) (5,739)
Inventories (27,102) (7,724) (5,846)
Net investment in sales-type leases (4,909) (4,216) (2,625)
Prepaid expenses (1,191) 1,534 1,438
Other non-current assets (1,625) (1,072) 290
Accounts payable and other current liabilities 5,481 21,340 6,538
Unearned revenues 11,601 222 615
Non-current liabilities 13,368 637   
Net cash provided by operating activities 32,029 1,494 22,512
Cash flows from investing activities      
Change in short-term bank deposits, net (180,307) 9,999   
Purchase of property and equipment (33,276) (12,057) (12,849)
Acquisition, net of cash acquired (8,758)    (38,559)
Acquisition of intangible and other assets (4,663) (3,018) (4,318)
Other investing activities 253 110   
Proceeds from the maturities and sales of marketable securities    53,367 35,675
Cash acquired through merger with Objet Ltd.    41,524   
Purchase of investments    (8,407) (18,755)
Net cash provided by (used in) investing activities (226,751) 81,518 (38,806)
Cash flows from financing activities      
Proceeds from follow-on offering, net of issuance costs of $18,404 462,872      
Proceeds from exercise of stock options and warrant 12,451 15,297 6,149
Excess tax benefit from stock options and warrant 2,817 15,192 2,620
Other financing activities (3,225)      
Net cash provided by financing activities 474,915 30,489 8,769
Effect of exchange rate changes on cash 69 233 63
Net change in cash and cash equivalents 280,262 113,734 (7,462)
Cash and cash equivalents, beginning of year 133,826    
Cash and cash equivalents, end of year 414,088 133,826  
Supplemental disclosures of cash flow information:      
Cash paid for taxes (3,300) (8,169) (6,043)
Transfer of fixed assets to inventory (316) (96) (213)
Transfer of inventory to fixed assets (6,279) (2,787) (2,747)
Acquisition of non controlling interest 2,132      
Fair value of assets acquired 573,604    
Less liabilities assumed (79,954)    
Net acquired assets 493,650    
Cash paid 12,163    
Shares and other consideration 481,487    
Total consideration 493,650    
Solidscape, Inc [Member]
      
Supplemental disclosures of cash flow information:      
Fair value of assets acquired     48,191
Less liabilities assumed     (9,092)
Net acquired assets     39,099
Less cash acquired     (540)
Acquisitions, net of cash acquired     38,559
Total consideration     39,099
Objet Ltd [Member]
      
Supplemental disclosures of cash flow information:      
Fair value of assets acquired   1,456,924  
Less liabilities assumed   (116,027)  
Net acquired assets   1,340,897  
Less cash acquired   (41,524)  
Acquisitions, net of cash acquired   1,299,373  
Total consideration   $ 1,340,897