Realized gains on marketable
securities (5,245) -
Changes in operating assets and
liabilities, net of acquisitions:
Accounts receivable 458,821 84,886
Inventories (169,501) (16,772)
Other current assets 9,946 2,947
Accounts payable (159,590) 6,252
Other current and non-current
liabilities (137,588) (34,628)
Income taxes payable (60,701) (11,993)
Purchase of licenses (12,247) (20,203)
Net cash provided by operating
activities 192,465 168,670
Investing activities:
Purchases of property and equipment (26,690) (12,399)
Proceeds from sale of property and
equipment 8 -
Purchase of intangible assets (2,562) (1,564)
Purchase of marketable securities (265,758) (102,197)
Redemption of marketable securities 102,374 153,924
Change in restricted cash (11) (4)
Acquisitions, net of cash acquired (23,725) (68,902)
Net cash used in investing activities (216,364) (31,142)
Financing activities:
Proceeds from issuance of common stock 1,524 2,842
Stock repurchase (90,050) -
Payments on long term debt 0 (14)
Tax benefit related to stock option
exercise 1,633 2,190
Net cash provided by/(used in)
financing activities (86,893) 5,018
Effect of exchange rate changes on
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