|
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
|
9 Months Ended |
|
Sep. 28, 2014
|
Sep. 29, 2013
|
| Cash Flows from Operating Activities: |
|
|
| Net loss |
$ (45,315) |
$ (54,570) |
| Adjustments to reconcile net loss to net cash provided by operating activities: |
|
|
| Depreciation and amortization |
80,540 |
65,053 |
| Gain on liquidation of auction rate securities |
|
(1,200) |
| Gain on recovery of impaired investments |
(1,629) |
(9,592) |
| Benefit for deferred income taxes |
(3,394) |
(3,728) |
| Gain on pension assets |
(2,494) |
|
| Net gain on sale and disposal of property, plant and equipment |
(46) |
(3,084) |
| Gain on acquisition of Microcontroller and Analog business |
|
(8,205) |
| Costs relating to partial repurchase of 7.875% Senior Notes |
1,137 |
2,280 |
| Compensation recognized under employee stock plans |
25,078 |
23,324 |
| Reserve reversal on final settlement of bankruptcy claims |
(3,205) |
|
| Changes in assets and liabilities |
30,955 |
60,265 |
| Net cash provided by operating activities |
81,627 |
70,543 |
| Cash Flows from Investing Activities: |
|
|
| Proceeds from liquidation of auction rate securities |
|
1,530 |
| Proceeds from recovery of impaired investments |
1,629 |
9,592 |
| Proceeds from sale of property, plant and equipment |
136 |
3,206 |
| Purchases of property, plant and equipment |
(34,857) |
(42,760) |
| Proceeds from sales and maturities of marketable securities |
18,463 |
116,888 |
| Purchases of marketable securities |
(37,813) |
(100,535) |
| Acquisition of Microcontroller and Analog business, net of cash acquired |
|
(148,144) |
| Net cash used for investing activities |
(52,442) |
(160,223) |
| Cash Flows from Financing Activities: |
|
|
| Proceeds from issuance of common stock due to options exercised |
14,198 |
2,303 |
| Refinancing cost on Term Loan and Revolver |
|
(282) |
| Payments on financing arrangements |
(105,651) |
(4,333) |
| Proceeds from issuance of 2.00% Senior Exchangeable Notes |
|
150,000 |
| Costs relating to issuance of 2.00% Senior Exchangeable Notes |
|
(4,506) |
| Purchase of capped call for the 2.00% Senior Exchangeable Notes |
|
(15,375) |
| Partial repurchase of 7.875% Senior Notes including costs |
|
(106,779) |
| Net proceeds from sale of Sunnyvale property |
58,908 |
|
| Cash settlement on hedging activities |
|
(268) |
| Net cash provided by (used for) financing activities |
(32,545) |
20,760 |
| Effect of exchange rate changes on cash and cash equivalents |
(718) |
(232) |
| Net decrease in cash and cash equivalents |
(4,078) |
(69,152) |
| Cash and cash equivalents, beginning of period |
286,069 |
262,177 |
| Cash and cash equivalents, end of period |
281,991 |
193,025 |
| Non-cash investing and financing activities: |
|
|
| Liabilities recorded for purchases of property, plant and equipment |
21,064 |
10,448 |
| Unpaid issuance costs relating to the 2.00% Senior Exchangeable Notes |
|
460 |
| Restricted cash relating to employee compensation and benefits received from FSL |
|
$ 32,086 |