|
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
|
6 Months Ended |
|
Jan. 31, 2015
|
Jan. 31, 2014
|
| Cash flows from operating activities |
|
|
| Net income (loss) |
$ 8,426 |
$ (18,528) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: |
|
|
| Depreciation and amortization |
14,267 |
14,250 |
| Change in provision for doubtful accounts |
79 |
(173) |
| Inventory reserves for excess, obsolescence and other |
5,027 |
2,937 |
| Stock-based compensation expense |
48,294 |
56,163 |
| Amortization of discounts and premiums on short-term investments |
680 |
1,129 |
| (Gain) loss on disposal of property and equipment, intangibles and other |
(712) |
232 |
| Deferred income taxes |
11,231 |
3,979 |
| Excess tax benefit associated with stock-based compensation |
(6,365) |
(721) |
| Changes in operating assets and liabilities: |
|
|
| Accounts receivable |
(11,932) |
11,212 |
| Inventory |
(9,430) |
(11,451) |
| Deferred costs of revenue |
608 |
(4,069) |
| Prepaids and other current assets |
211 |
2,373 |
| Other non-current assets |
606 |
(2,058) |
| Accounts payable, accrued liabilities and other non-current liabilities |
24,784 |
(34,700) |
| Deferred revenue |
20,598 |
34,028 |
| Net cash provided by operating activities |
106,372 |
54,603 |
| Cash flows from investing activities |
|
|
| Purchases of short-term investments |
(65,720) |
(87,119) |
| Proceeds from sales of short-term investments |
12,799 |
89,240 |
| Proceeds from maturities of short-term investments |
79,559 |
99,083 |
| Purchases of property and equipment |
(13,031) |
(7,854) |
| Purchases of intangible assets |
(2,840) |
0 |
| Investment in a privately-held company |
(1,200) |
0 |
| Net cash provided by investing activities |
9,567 |
93,350 |
| Cash flows from financing activities |
|
|
| Proceeds from issuance of common stock |
16,051 |
10,473 |
| Repurchases of common stock under stock repurchase program |
(105,000) |
(193,504) |
| Excess tax benefit associated with stock-based compensation |
6,365 |
721 |
| Net cash used in financing activities |
(82,584) |
(182,310) |
| Net increase (decrease) in cash and cash equivalents |
33,355 |
(34,357) |
| Cash and cash equivalents, beginning of period |
118,594 |
144,919 |
| Cash and cash equivalents, end of period |
151,949 |
110,562 |
| Supplemental disclosure of cash flow information |
|
|
| Income taxes paid |
2,970 |
3,046 |
| Non-cash investing and financing activities |
|
|
| Net change in accounts payable and accrued liabilities related to purchases of property and equipment |
$ 105 |
$ 891 |