CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS 

(In thousands)

(Unaudited)

First Two Quarters of

2014

2013

Cash flow from operating activities:

    Net Income

$146,152

$ 103,885

    Adjustments to reconcile net income to net cash provided by

       operating activities:

         Depreciation expense

15,621

12,854

         Amortization expense

78,443

79,095

         Provision for doubtful accounts

869

261

         Deferred income taxes

(1,700)

(13,732)

         Stock-based compensation

21,087

17,253

         Income from equity method investments

(8,688)

(11,414)

         Gain on an equity sale

(15,091)

-

         Excess tax benefit for stock-based compensation

(13,505)

(7,616)

         Provision for excess and obsolete inventories

1,731

569

         Other non-cash items

(1,867)

(494)

    Add decrease (increase) in assets:

         Accounts receivables

(42,563)

(24,071)

         Other receivables

(3,708)

(1,558)

         Inventories

(21,335)

(14,725)

         Other current and non-current assets

(8,001)

(12,165)

    Add increase (decrease) in liabilities:

         Accounts payable

452

(18,936)

         Accrued compensation and benefits

5,625

(7,166)

         Deferred revenue

49,042

55,994

         Accrued warranty expense

1,070

(154)

         Other liabilities

10,954

14,163

 Net cash provided by operating activities 

214,588

172,043

 Cash flow from investing activities: 

      Acquisitions of businesses, net of cash acquired 

(25,094)

(178,953)

      Acquisitions of property and equipment 

(28,425)

(39,431)

      Dividends received from equity method investments 

22,463

2,526

      Other 

(2,684)

730

 Net cash used in investing activities 

(33,740)

(215,128)

 Cash flow from financing activities: 

      Issuance of common stock, net of tax withholdings 

39,322

23,954

      Excess tax benefit for stock-based compensation 

13,505

7,616

      Proceeds from debt and revolving credit lines 

17,000

239,613

      Payments on debt and revolving credit lines 

(119,517)

(252,780)

 Net cash provided by (used in) financing activities 

(49,690)

18,403

 Effect of exchange rate changes on cash and cash equivalents 

534

(4,017)

 Net increase (decrease) in cash and cash equivalents 

131,692

(28,699)

 Cash and cash equivalents - beginning of period 

147,227

157,771

 Cash and cash equivalents - end of period 

$278,919

$ 129,072