CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS 

(In thousands)

(Unaudited)

First Three Quarters of

2014

2013

Cash flow from operating activities:

    Net Income

$         158,027

$ 158,505

    Adjustments to reconcile net income to net cash provided by

       operating activities:

         Depreciation expense

24,068

19,630

         Amortization expense

117,769

120,713

         Provision for doubtful accounts

2,887

1,204

         Deferred income taxes

(1,193)

(13,520)

         Stock-based compensation

32,125

26,158

         Income from equity method investments

(11,528)

(15,908)

         Gain on an equity sale

(15,091)

-

         Excess tax benefit for stock-based compensation

(14,094)

(8,803)

         Provision for excess and obsolete inventories

3,553

1,551

         Other non-cash items

5,422

738

    Add decrease (increase) in assets:

         Accounts receivables

(12,742)

(28,466)

         Other receivables

(4,709)

4,047

         Inventories

(27,234)

2,645

         Other current and non-current assets

(12,929)

(22,765)

    Add increase (decrease) in liabilities:

         Accounts payable

(6,745)

(22,467)

         Accrued compensation and benefits

(9,321)

(2,738)

         Deferred revenue

41,861

46,891

         Accrued warranty expense

2,735

347

         Other liabilities

37,603

10,646

 Net cash provided by operating activities 

310,464

278,408

 Cash flow from investing activities: 

      Acquisitions of businesses, net of cash acquired 

(170,863)

(200,401)

      Acquisitions of property and equipment 

(34,952)

(57,646)

      Acquisitions of intangible assets 

(7,007)

(105)

      (Purchases) sales of equity method investments 

(10,939)

2,429

      Dividends received from equity method investments 

25,850

7,672

      Increase in restricted cash 

-

(6,696)

      Other 

(4,532)

(1,661)

 Net cash used in investing activities 

(202,443)

(256,408)

 Cash flow from financing activities: 

      Issuance of common stock, net of tax withholdings 

53,601

37,667

      Repurchase and retirement of common stock 

(64,978)

-

      Excess tax benefit for stock-based compensation 

14,094

8,803

      Proceeds from debt and revolving credit lines 

32,027

332,021

      Payments on debt and revolving credit lines 

(143,274)

(440,886)

 Net cash used in financing activities 

(108,530)

(62,395)

 Effect of exchange rate changes on cash and cash equivalents 

(7,241)

(2,119)

 Net decrease in cash and cash equivalents 

(7,750)

(42,514)

 Cash and cash equivalents - beginning of period 

147,227

157,771

 Cash and cash equivalents - end of period 

$         139,477

$ 115,257