Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.8.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net income $ 21,242 $ 9,289
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 45,814 40,874
Amortization of debt discount and issuance costs 4,340 325
Deferred taxes (10,811) 5,424
Stock-based expense 35,732 27,383
Impairment of identified intangible assets 0 750
Loss on disposal and impairment of other long-lived assets 472 249
Acquisition-related consideration 382 (499)
Changes in assets and liabilities, net of assets acquired and liabilities assumed in business combinations:    
Accounts receivable 468 (2,007)
Prepaid expenses and other current assets (1,950) 18,179
Other assets (106) (74)
Accounts payable 3,702 356
Accrued compensation, taxes, and benefits 1,173 2,608
Deferred revenue 4,783 (3,005)
Other current and long-term liabilities 1,047 5,272
Net cash provided by operating activities 106,288 105,124
Cash flows from investing activities:    
Purchases of property, equipment, and software (38,576) (61,005)
Acquisition of businesses, net of cash acquired (356,861) (71,400)
Purchase of cost method investment 0 3,000
Net cash used in investing activities (395,437) (135,405)
Cash flows from financing activities:    
Proceeds from term loan 0 124,688
Payments on term loan (1,533) (1,563)
Payments on revolving line of credit 0 (40,000)
Proceeds from borrowings on convertible notes 345,000 0
Purchase of convertible note hedges (62,549) 0
Proceeds from issuance of warrants 31,499 0
Deferred financing costs (11,026) (392)
Payments on capital lease obligations (232) (549)
Payments of acquisition-related consideration (8,073) (4,876)
Issuance of common stock 21,614 16,139
Purchase of treasury stock related to stock-based compensation (21,189) (3,779)
Purchase of treasury stock under share repurchase program 0 (21,244)
Net cash provided by financing activities 293,511 68,424
Net increase in cash and cash equivalents 4,362 38,143
Effect of exchange rate on cash 86 36
Cash and cash equivalents:    
Beginning of period 104,886 30,911
End of period 109,334 69,090
Supplemental cash flow information:    
Cash paid for interest 2,757 1,946
Cash paid for income taxes, net of refunds 1,705 1,520
Non-cash investing activities:    
Accrued property, equipment, and software $ 3,242 $ 1,700