CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS 

(In thousands)

(Unaudited)

Fiscal Years

2013

2012

Cash flow from operating activities:

    Net Income

$         218,166

$         189,716

    Adjustments to reconcile net income to net cash provided by operating activities:

         Depreciation expense

26,736

23,691

         Amortization expense

162,841

125,707

         Provision for doubtful accounts

1,909

2,030

         Deferred income taxes

(14,963)

(1,369)

         Stock-based compensation

36,442

32,660

         Income from equity method investments

(20,680)

(24,727)

         Acquisition / divestiture (gain)/loss

1,430

(7,257)

         Excess tax benefit for stock-based compensation

(13,540)

(25,345)

         Provision for excess and obsolete inventories

3,157

6,234

         Other non-cash items

(657)

(4,221)

    Add decrease (increase) in assets:

         Accounts receivables

(4,070)

(24,388)

         Other receivables

2,302

(5,017)

         Inventories

(11,351)

(8,402)

         Other current and non-current assets

(11,811)

(7,945)

    Add increase (decrease) in liabilities:

         Accounts payable

(15,834)

25,985

         Accrued compensation and benefits

4,047

7,889

         Deferred revenue

29,394

16,560

         Accrued warranty expense

675

(1,520)

         Other liabilities

20,442

20,419

 Net cash provided by operating activities 

414,635

340,700

 Cash flow from investing activities: 

      Acquisitions of businesses, net of cash acquired 

(258,797)

(728,114)

      Acquisitions of property and equipment 

(70,877)

(54,071)

      Dividends received from equity method investments 

7,672

13,178

      Other 

(2,762)

4,721

 Net cash used in investing activities 

(324,764)

(764,286)

 Cash flow from financing activities: 

      Issuance of common stock, net of tax withholdings 

47,706

59,187

      Excess tax benefit for stock-based compensation 

13,540

25,345

      Proceeds from debt and revolving credit lines 

407,678

1,199,352

      Payments on debt and revolving credit lines 

(567,343)

(857,477)

 Net cash provided by (used in) financing activities 

(98,419)

426,407

 Effect of exchange rate changes on cash and cash equivalents 

(1,996)

329

 Net increase (decrease) in cash and cash equivalents 

(10,544)

3,150

 Cash and cash equivalents - beginning of period 

157,771

154,621

 Cash and cash equivalents - end of period 

$         147,227

$         157,771