|
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
|
3 Months Ended |
|
Apr. 27, 2014
|
Apr. 28, 2013
|
| Cash flows from operating activities: |
|
|
| Net income |
$ 136,516 |
$ 77,891 |
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Depreciation and amortization |
55,083 |
59,744 |
| Stock based compensation expense |
35,521 |
33,397 |
| Amortization of Debt Discount |
6,901 |
0 |
| Gains on Sales of long-lived assets and investment |
(16,982) |
0 |
| Deferred income taxes |
21,464 |
(3,063) |
| Tax benefits from stock based compensation |
(4,086) |
(10,120) |
| Other |
7,281 |
4,988 |
| Changes in operating assets and liabilities: |
|
|
| Accounts receivable |
28,077 |
108,476 |
| Inventories |
(5,679) |
41,510 |
| Prepaid expenses and other current assets |
(782) |
7,367 |
| Deposits and other assets |
229 |
1,806 |
| Accounts payable |
(14,880) |
(53,101) |
| Accrued liabilities and other long-term liabilities |
(97,641) |
(93,245) |
| Net cash provided by operating activities |
151,022 |
175,650 |
| Cash flows from investing activities: |
|
|
| Purchases of marketable securities |
(1,001,073) |
(541,950) |
| Proceeds from sale of marketable securities |
544,878 |
199,199 |
| Proceeds from maturities of marketable securities |
134,079 |
179,082 |
| Proceeds from sale of long-lived assets and investments |
20,862 |
0 |
| Purchases of property and equipment and intangible assets |
(29,068) |
(65,667) |
| Other |
0 |
(1,450) |
| Net cash used in investing activities |
(330,322) |
(230,786) |
| Cash flows from financing activities: |
|
|
| Proceeds from issuance of common stock under employee stock plans |
80,232 |
22,996 |
| Payment under Capital Lease Obligations |
(709) |
(576) |
| Tax benefits from Stock based compensation |
4,086 |
10,120 |
| Payments for Repurchase of Common Stock |
(500,000) |
(100,000) |
| Dividend paid |
(46,731) |
(46,267) |
| Other Financing Activities |
0 |
(2,500) |
| Net cash used in financing activities |
(463,122) |
(116,227) |
| Change in cash and cash equivalents |
(642,422) |
(171,363) |
| Cash and cash equivalents at beginning of period |
1,151,587 |
732,786 |
| Cash and cash equivalents at end of period |
509,165 |
561,423 |
| Supplemental disclosures of cash flow information: |
|
|
| Cash paid for income taxes, net |
2,410 |
2,286 |
| Cash paid for interest on capital lease obligations |
591 |
655 |
| Other non-cash activities: |
|
|
| Assets acquired by assuming related liabilities |
$ 2,824 |
$ 41,341 |