 |
|
|
| |
 |
|
 |
 |
|
 |
|
 |
|
| |
|
|
| Increase (decrease) in cash and cash equivalents |
|
|
|
|
|
|
| Cash flows from operating activities: |
|
|
|
|
|
|
| Net income (loss) |
$(113,607 |
) |
$35,258 |
|
$652,450 |
|
| |
Adjustments to reconcile net income (loss) to net cash provided |
|
|
|
|
|
|
| |
|
by operating activities: |
|
|
|
|
|
|
| |
|
Depreciation and amortization |
106,097 |
|
80,755 |
|
40,889 |
|
| |
|
Amortization of deferred compensation |
10,981 |
|
4,465 |
|
— |
|
| |
|
Net (gain) loss on sale of available-for-sale securities |
(9,572 |
) |
(7,380 |
) |
1,600 |
|
| |
|
Impairment loss on intangible assets |
14,925 |
|
— |
|
— |
|
| |
|
Impairment loss on equipment |
10,411 |
|
— |
|
— |
|
| |
|
Other-than-temporary loss on investments |
4,322 |
|
2,046 |
|
— |
|
| |
|
Write-off of acquired in-process research and development |
— |
|
90,700 |
|
4,560 |
|
| |
|
Write-down (gain) related to United Microelectronics Corp investment |
191,852 |
|
362,124 |
|
(674,728 |
) |
| |
|
Provision for deferred income taxes |
(1,403 |
) |
(154,350 |
) |
254,444 |
|
| |
|
Undistributed earnings of joint venture |
— |
|
— |
|
(6,184 |
) |
| |
Changes in assets and liabilities: |
|
|
|
|
|
|
| |
|
Accounts receivable |
24,336 |
|
(37,720 |
) |
(68,578 |
) |
| |
|
Inventories |
245,943 |
|
(186,708 |
) |
2,160 |
|
| |
|
Prepaid expenses and other current assets |
(39,550 |
) |
6,387 |
|
(31,201 |
) |
| |
|
Deferred income taxes |
10,906 |
|
145,340 |
|
22,537 |
|
| |
|
Other assets |
(20,076 |
) |
(53,070 |
) |
(13,540 |
) |
| |
|
Accounts payable |
(67,943 |
) |
44,244 |
|
33,035 |
|
| |
|
Accrued liabilities |
(1,031 |
) |
3,592 |
|
13,054 |
|
| |
|
Income taxes payable |
(77,378 |
) |
(132,939 |
) |
(30,824 |
) |
| |
|
Tax benefit from exercise of stock options |
52,401 |
|
159,025 |
|
112,143 |
|
| |
|
Deferred income on shipments to distributors |
(60,720 |
) |
15,498 |
|
29,293 |
|
| |
|
|
| |
|
|
Total adjustments |
394,501 |
|
342,009 |
|
(311,340 |
) |
| |
|
|
| |
|
|
|
Net cash provided by operating activities |
280,894 |
|
377,267 |
|
341,110 |
|
| |
|
|
| |
|
|
|
|
|
|
| Cash flows from investing activities: |
|
|
|
|
|
|
| |
Purchases of available-for-sale securities |
(1,085,053 |
) |
(2,389,366 |
) |
(2,506,365 |
) |
| |
Proceeds from sale or maturity of available-for-sale securities |
962,207 |
|
2,652,456 |
|
2,240,293 |
|
| |
Proceeds from maturity of held-to-maturity securities |
— |
|
— |
|
34,358 |
|
| |
Purchases of property, plant and equipment |
(94,883 |
) |
(222,670 |
) |
(143,746 |
) |
| |
Assets obtained (purchased) with acquisitions |
— |
|
4,243 |
|
(22,750 |
) |
| |
|
|
| |
|
|
|
Net cash provided by (used in) investing activities |
(217,729 |
) |
44,663 |
|
(398,210 |
) |
| |
|
|
| |
|
|
|
|
|
|
| Cash flows from financing activities: |
|
|
|
|
|
|
| |
Acquisition of treasury stock |
(125,580 |
) |
(402,796 |
) |
(5,289 |
) |
| |
Proceeds from issuance of common stock |
81,088 |
|
81,802 |
|
84,315 |
|
| |
Proceeds from sale of put options |
2,970 |
|
22,209 |
|
10,038 |
|
| |
|
|
| |
|
|
|
Net cash provided by (used in) financing activities |
(41,522 |
) |
(298,785 |
) |
89,064 |
|
| |
|
|
| Net increase in cash and cash equivalents |
21,643 |
|
123,145 |
|
31,964 |
|
| Cash and cash equivalents at beginning of year |
208,693 |
|
85,548 |
|
53,584 |
|
| |
|
|
| Cash and cash equivalents at end of year |
$230,336 |
|
$208,693 |
|
$85,548 |
|
| |
|
|
| Schedule of non-cash transactions: |
|
|
|
|
|
|
| |
Issuance of treasury stock under employee stock plans |
$188,575 |
|
$332,212 |
|
$10,400 |
|
| |
|
|
|
|
|
|
| Supplemental disclosures of cash flow information: |
|
|
|
|
|
|
| |
Income taxes paid |
$13,865 |
|
$7,691 |
|
$11,881 |
|
| |
Interest paid |
$57 |
|
$165 |
|
$9 |
|
See accompanying notes
|
| |
|
|
|
