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

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

Consolidated Statements of Cash Flows

Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Cash flows from operating activities
Net income (loss)	$ (119,470)us-gaap_ProfitLoss	$ (26,907)us-gaap_ProfitLoss	$ 8,823us-gaap_ProfitLoss
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	109,429	92,436	19,497
Goodwill impairment	102,470us-gaap_GoodwillImpairmentLoss
Stock-based compensation	30,207us-gaap_ShareBasedCompensation	24,262us-gaap_ShareBasedCompensation	8,874us-gaap_ShareBasedCompensation
Other impairment charges	14,636us-gaap_OtherAssetImpairmentCharges
Currency translation loss (gain)	10,327	(1,470)
Deferred income taxes	(53,887)	(19,449)	(3,450)
Change in fair value of obligations in connection with acquisitions	(26,150)	754
Excess tax benefit from stock options and warrant		(2,817)	(15,192)
Other non-cash items	275us-gaap_OtherNoncashIncomeExpense	(53)us-gaap_OtherNoncashIncomeExpense	(461)us-gaap_OtherNoncashIncomeExpense
Change in cash attributable to changes in operating assets and liabilities, net of the impact of acquisitions:
Accounts receivable, net	(46,717)	(32,763)	(19,635)
Inventories	(39,370)us-gaap_IncreaseDecreaseInInventories	(27,102)us-gaap_IncreaseDecreaseInInventories	(7,724)us-gaap_IncreaseDecreaseInInventories
Net investment in sales-type leases	(5,078)	(4,909)	(4,216)
Other current assets and prepaid expenses	(10,537)	1,222	(7,333)
Other non-current assets	1,558	(1,625)	112
Accounts payable	(4,305)	(8,519)	28,147
Other current liabilities	31,047	14,000	(6,807)
Deferred revenues	12,662	11,601	222
Other non-current liabilities	6,719	13,368	637
Net cash provided by operating activities	13,816	32,029	1,494
Cash flows from investing activities
Change in short-term bank deposits, net	189,793us-gaap_IncreaseDecreaseInDeposits	(180,307)us-gaap_IncreaseDecreaseInDeposits	9,999us-gaap_IncreaseDecreaseInDeposits
Cash paid for acquisitions, net of cash acquired	(151,057)ssys_PaymentsToAcquireNetOfCashAcquired	(8,758)ssys_PaymentsToAcquireNetOfCashAcquired
Purchase of property and equipment	(60,497)	(33,276)	(12,057)
Purchase of investments	(3,767)us-gaap_PaymentsToAcquireInvestments		(8,407)us-gaap_PaymentsToAcquireInvestments
Acquisition of intangible assets	(3,087)	(4,663)	(3,018)
Proceeds from maturities and sales of marketable securities	1,634		53,367
Other investing activities	(458)	253	110
Cash acquired through merger with Objet Ltd.			41,524us-gaap_ProceedsFromPreviousAcquisition
Net cash provided by (used in) investing activities	(27,439)	(226,751)	81,518
Cash flows from financing activities
Proceeds from short-term debt	50,000us-gaap_ProceedsFromShortTermDebt
Payment of obligations in connection with acquisitions	(10,795)ssys_PaymentsForEarnOutObligation
Proceeds from follow-on offering, net of issuance costs		462,872
Proceeds from exercise of stock options and warrant	7,906	12,451	15,297
Excess tax benefit from stock options and warrant		2,817	15,192
Acquisition of non-controlling interest	(2,170)us-gaap_PaymentsToMinorityShareholders
Other financing activities		(3,225)
Net cash provided by financing activities	44,941	474,915	30,489
Effect of exchange rate changes on cash and cash equivalents	(3,265)	69	233
Net change in cash and cash equivalents	28,053	280,262	113,734
Cash and cash equivalents, beginning of year	414,088	133,826	20,092
Cash and cash equivalents, end of year	442,141	414,088	133,826
Supplemental disclosure of cash flow information:
Cash paid for income taxes	6,241us-gaap_IncomeTaxesPaid	3,300us-gaap_IncomeTaxesPaid	8,169us-gaap_IncomeTaxesPaid
Transfer of inventory to fixed assets	10,933ssys_TransferOfInventoryToFixedAssets	6,279ssys_TransferOfInventoryToFixedAssets	2,787ssys_TransferOfInventoryToFixedAssets
Transfer of fixed assets to inventory	3,819ssys_TransferOfFixedAssetsToInventory	316ssys_TransferOfFixedAssetsToInventory	96ssys_TransferOfFixedAssetsToInventory
Fair value of assets acquired, including $6,502, $3,405 and $41,524 of cash acquired for the years ended December 31, 2014, 2013 and 2012, respectively	360,595us-gaap_FairValueOfAssetsAcquired	573,604us-gaap_FairValueOfAssetsAcquired	1,456,924us-gaap_FairValueOfAssetsAcquired
Less liabilities assumed	(22,416)us-gaap_LiabilitiesAssumed1	(79,954)us-gaap_LiabilitiesAssumed1	(116,027)us-gaap_LiabilitiesAssumed1
Net acquired assets	338,179ssys_FairValueOfAssetsAcquiredNet	493,650ssys_FairValueOfAssetsAcquiredNet	1,340,897ssys_FairValueOfAssetsAcquiredNet
Cash paid for merger and acquisitions	157,559	12,163
Shares and other consideration	180,620	481,487	1,340,897
Total consideration paid for merger and acquisitions	$ 338,179	$ 493,650	$ 1,340,897