CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS 

(In thousands)

(Unaudited)

First Two Quarters of

2013

2012

Cash flow from operating activities:

    Net Income

$         103,885

$ 103,237

    Adjustments to reconcile net income to net cash provided by

       operating activities:

         Depreciation expense

12,854

11,300

         Amortization expense

79,095

57,875

         Provision for doubtful accounts

261

1,486

         Deferred income taxes

(13,732)

381

         Stock-based compensation

17,253

15,944

         Income from equity method investments

(11,414)

(13,255)

         Excess tax benefit for stock-based compensation

(7,616)

(15,254)

         Provision for excess and obsolete inventories

569

4,993

         Other non-cash items

(494)

(1,851)

    Add decrease (increase) in assets:

         Accounts receivables

(24,071)

(38,589)

         Other receivables

(1,558)

(6,638)

         Inventories

(14,725)

594

         Other current and non-current assets

(12,165)

(8,904)

    Add increase (decrease) in liabilities:

         Accounts payable

(18,936)

4,148

         Accrued compensation and benefits

(7,166)

2,270

         Deferred revenue

55,994

32,117

         Accrued warranty expense

(154)

(1,814)

         Other current and non-current liabilities

14,163

7,054

 Net cash provided by operating activities 

172,043

155,094

 Cash flow from investing activities: 

      Acquisitions of businesses, net of cash acquired 

(178,953)

(337,676)

      Acquisitions of property and equipment 

(39,431)

(21,308)

      Dividends received from equity method investments 

2,526

221

      Other 

730

(706)

 Net cash used in investing activities 

(215,128)

(359,469)

 Cash flow from financing activities: 

      Issuance of common stock, net 

23,954

27,162

      Excess tax benefit for stock-based compensation 

7,616

15,254

      Proceeds from long-term debt and revolving credit lines 

239,613

436,500

      Payments on short-term and long-term debt  

(252,780)

(304,013)

 Net cash provided by financing activities 

18,403

174,903

 Effect of exchange rate changes on cash and cash equivalents 

(4,017)

(3,212)

 Net decrease in cash and cash equivalents 

(28,699)

(32,684)

 Cash and cash equivalents - beginning of period 

157,771

154,621

 Cash and cash equivalents - end of period 

$         129,072

$ 121,937