CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS 

(In thousands)

(Unaudited)

Fiscal Years

2014

2013

Cash flow from operating activities:

    Net Income

$   213,888

$ 218,166

    Adjustments to reconcile net income to net cash provided by

       operating activities:

         Depreciation expense

33,129

26,736

         Amortization expense

158,512

162,841

         Provision for doubtful accounts

3,747

1,909

         Deferred income taxes

(1,650)

(14,963)

         Stock-based compensation

43,398

36,442

         Income from equity method investments

(12,368)

(20,680)

         Gain (loss) on an equity sale

(15,091)

-

         Acquisition / divestiture (gain)/loss

2,899

1,430

         Excess tax benefit for stock-based compensation

(14,098)

(13,540)

         Provision for excess and obsolete inventories

4,817

3,157

         Other non-cash items

4,653

(657)

    Add decrease (increase) in assets:

         Accounts receivables

(10,882)

(4,070)

         Other receivables

(2,321)

2,302

         Inventories

(31,778)

(11,351)

         Other current and non-current assets

(7,101)

(11,811)

    Add increase (decrease) in liabilities:

         Accounts payable

(7,185)

(15,834)

         Accrued compensation and benefits

527

4,047

         Deferred revenue

45,865

29,394

         Accrued warranty expense

3,045

675

         Other liabilities

(4,923)

20,442

 Net cash provided by operating activities 

407,083

414,635

 Cash flow from investing activities: 

      Acquisitions of businesses, net of cash acquired 

(307,945)

(258,797)

      Acquisitions of property and equipment 

(47,312)

(70,877)

      Acquisitions of intangible assets 

(7,633)

(242)

      (Purchases) sales of equity method investments 

(10,939)

2,430

      Dividends received from equity method investments 

32,231

7,672

      Other 

(2,448)

(4,950)

 Net cash used in investing activities 

(344,046)

(324,764)

 Cash flow from financing activities: 

      Issuance of common stock, net of tax withholdings 

56,095

47,707

      Repurchase and retirement of common stock 

(97,757)

-

      Excess tax benefit for stock-based compensation 

14,098

13,540

      Proceeds from debt and revolving credit lines 

816,166

407,678

      Payments on debt and revolving credit lines 

(840,126)

(567,344)

 Net cash used in financing activities 

(51,524)

(98,419)

 Effect of exchange rate changes on cash and cash equivalents 

(10,741)

(1,996)

 Net decrease in cash and cash equivalents 

773

(10,544)

 Cash and cash equivalents - beginning of period 

147,227

157,771

 Cash and cash equivalents - end of period 

$   148,000

$ 147,227