|
Net income
|
|
$77.4m
|
$72.3m
|
$51.9m
|
($40.7m)
|
$23.8m
|
$35.7m
|
$34.7m
|
$32.4m
|
$85.5m
|
$137.8m
|
|
Depreciation
|
|
$2.0m
|
$2.8m
|
$3.4m
|
$3.5m
|
$3.7m
|
$3.4m
|
$3.0m
|
$2.0m
|
$1.9m
|
$1.9m
|
|
Deferred income tax expense
|
|
$1.2m
|
($64k)
|
($2.1m)
|
($6.6m)
|
$7.6m
|
($208k)
|
($3.2m)
|
$1.3m
|
$1.9m
|
$6.3m
|
|
Stock compensation expense
|
|
$2.3m
|
$4.7m
|
$1.6m
|
$2.1m
|
$2.9m
|
$3.5m
|
$4.0m
|
$4.5m
|
$4.5m
|
$7.9m
|
|
Settlements of share-based awards, net of withholding taxes paid
|
|
$36.9m
|
$44.3m
|
$3.9m
|
$3.1m
|
—
|
$13.9m
|
$66k
|
$1.1m
|
($6.3m)
|
($8.4m)
|
|
Cash paid for operating leases
|
|
$259.0m
|
($72.8m)
|
($112.3m)
|
$53.6m
|
$174.7m
|
$3.3m
|
$2.6m
|
$1.9m
|
$3.8m
|
$4.2m
|
|
Changes in accrued interest on investments
|
|
($698k)
|
($1.1m)
|
$695k
|
$714k
|
$444k
|
$29k
|
($1.7m)
|
($3.9m)
|
$1.2m
|
$901k
|
|
Non-cash lease expense
|
|
—
|
—
|
—
|
—
|
—
|
—
|
$2.6m
|
$1.9m
|
$3.8m
|
$4.3m
|
|
Other
|
|
$517k
|
($136k)
|
($996k)
|
$175k
|
$641k
|
$424k
|
$7k
|
$198k
|
$869k
|
($1.7m)
|
|
Accounts receivable
|
|
$9.2m
|
($39.6m)
|
($10.2m)
|
($1.0m)
|
$8.5m
|
($480k)
|
($23.2m)
|
$2.8m
|
($128.6m)
|
$42.3m
|
|
Contract assets
|
|
—
|
($6.6m)
|
($44.5m)
|
$25.0m
|
$6.7m
|
$21.7m
|
($19.9m)
|
($23.4m)
|
$19.8m
|
($15.0m)
|
|
Other assets
|
|
($668k)
|
($4.6m)
|
($15.2m)
|
$2.4m
|
($12.8m)
|
($241k)
|
($3.3m)
|
($1.0m)
|
($7.7m)
|
($13.3m)
|
|
Accounts payable and accrued expenses
|
|
$59.5m
|
($6.2m)
|
($60.2m)
|
($3.3m)
|
$31.4m
|
($5.7m)
|
$9.1m
|
$14.8m
|
$66.2m
|
$28.6m
|
|
Contract liabilities
|
|
—
|
($129.8m)
|
($39.3m)
|
$64.3m
|
$99.4m
|
($44.2m)
|
($31.6m)
|
$84.8m
|
$118.2m
|
$214.7m
|
|
Purchases of available-for-sale securities
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
($104.5m)
|
($139.9m)
|
($226.6m)
|
|
Maturities of available-for-sale securities
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$19.2m
|
$55.0m
|
|
Repayment of note receivable
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$5.0m
|
|
Issuance of note receivable
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
($5.0m)
|
—
|
|
Investments in solar energy projects
|
|
—
|
—
|
—
|
—
|
($1.3m)
|
($5.0m)
|
—
|
($5.1m)
|
($16.3m)
|
($11.5m)
|
|
Investments in solar energy projects not yet paid
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$3.3m
|
$11.5m
|
—
|
|
Right-of-use assets obtained in exchange for lease obligations
|
|
—
|
—
|
—
|
—
|
—
|
$3.5m
|
$3.7m
|
$2.4m
|
$3.7m
|
$5.3m
|
|
Net cash provided by operating activities
|
|
$259.0m
|
($72.8m)
|
($112.3m)
|
$53.6m
|
$174.7m
|
$28.4m
|
($30.1m)
|
$116.9m
|
$167.6m
|
$414.7m
|
|
Purchases of property, plant and equipment
|
|
($2.8m)
|
($4.8m)
|
($8.6m)
|
($7.1m)
|
($1.7m)
|
($1.4m)
|
($3.4m)
|
($2.8m)
|
($6.6m)
|
($3.9m)
|
|
Purchases of short-term investments
|
|
($595.0m)
|
($542.5m)
|
($191.0m)
|
($195.0m)
|
($100.0m)
|
($90.0m)
|
($249.8m)
|
($115.0m)
|
($175.0m)
|
($150.0m)
|
|
Maturities of short-term investments
|
|
$354.0m
|
$587.5m
|
$370.0m
|
$166.0m
|
$170.0m
|
$90.0m
|
$190.0m
|
$159.8m
|
$130.0m
|
$150.0m
|
|
Net cash used in investing activities
|
|
($243.8m)
|
$38.7m
|
$170.6m
|
($36.1m)
|
$68.3m
|
($7.0m)
|
($63.1m)
|
($67.6m)
|
($193.6m)
|
($182.0m)
|
|
Common stock repurchases
|
|
—
|
—
|
—
|
—
|
—
|
($20.4m)
|
($68.2m)
|
($12.5m)
|
($1.5m)
|
($9.9m)
|
|
Payments of cash dividends
|
|
—
|
($15.5m)
|
($15.6m)
|
($15.6m)
|
($47.0m)
|
($15.7m)
|
($14.0m)
|
($14.7m)
|
($18.3m)
|
($24.3m)
|
|
Net cash used in financing activities
|
|
($8.9m)
|
($13.6m)
|
($15.5m)
|
($14.0m)
|
($45.4m)
|
($34.6m)
|
($82.8m)
|
($26.1m)
|
($26.1m)
|
($42.6m)
|
|
EFFECTS OF EXCHANGE RATE CHANGES ON CASH
|
|
($85k)
|
$2.6m
|
($553k)
|
($471k)
|
$1.7m
|
($3.0m)
|
($539k)
|
($116k)
|
$322k
|
$4.1m
|
|
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
|
|
$6.3m
|
($45.1m)
|
$42.2m
|
$3.0m
|
$199.3m
|
($16.2m)
|
($176.5m)
|
$23.1m
|
($51.8m)
|
$194.2m
|
|
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD
|
|
$167.2m
|
$122.1m
|
$164.3m
|
$167.4m
|
$366.7m
|
$350.5m
|
$173.9m
|
$197.0m
|
$145.3m
|
$339.5m
|
|
Cash paid for income taxes, net of refunds
|
|
$36.9m
|
$44.3m
|
$3.9m
|
$3.1m
|
—
|
$13.9m
|
$6.7m
|
$14.3m
|
$30.8m
|
$29.5m
|