|
|
 |
(in thousands)
|
|
|
Fiscal year ended January 31, |
|
|
|
|
|
|
|
|
|
2002
|
|
|
|
2001
|
|
|
|
2000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating activities:
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) |
|
$
|
(35,678
|
) |
$
|
17,082
|
|
$
|
(19,574
|
)
|
|
Adjustments to reconcile net
income (loss) to net cash
provided by operating
activities:
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and
amortization
|
|
|
23,466 |
|
|
12,782 |
|
|
7,309 |
|
|
Property and equipment
write-offs
|
|
|
6,902 |
|
|
— |
|
|
— |
|
|
Amortization of deferred
compensation
|
|
|
1,431 |
|
|
621 |
|
|
736 |
|
|
Amortization of acquired
intangible assets and
goodwill and write-off of
in-process research and
development
|
|
|
72,708 |
|
|
99,858 |
|
|
49,155 |
|
|
Write-down of equity
investments, net of gains
|
|
|
3,299 |
|
|
(2,384 |
) |
|
— |
|
|
Impairment of acquired
intangible assets and
goodwill
|
|
|
80,150 |
|
|
— |
|
|
— |
|
|
Amortization of debt
issuance costs
|
|
|
2,160 |
|
|
2,195 |
|
|
1,189 |
|
|
Debt conversion premium |
|
|
— |
|
|
236 |
|
|
8,054 |
|
|
Other |
|
|
(129 |
) |
|
4,170 |
|
|
(880 |
) |
|
Changes in operating
assets and liabilities, net
of those acquired in
business combinations:
|
|
|
|
|
|
|
|
|
|
|
|
Accounts receivable |
|
|
21,607 |
|
|
(78,121 |
) |
|
(54,386 |
) |
|
Other current assets |
|
|
(5,475 |
) |
|
(9,105 |
) |
|
(9,365 |
) |
|
Other long-term assets |
|
|
(399 |
) |
|
(12,617 |
) |
|
(913 |
) |
|
Accounts payable |
|
|
7,341 |
|
|
(130 |
) |
|
6,688 |
|
|
Accrued liabilities |
|
|
54,838 |
|
|
76,163 |
|
|
44,942 |
|
|
Deferred liabilities |
|
|
(9,101 |
) |
|
107,631 |
|
|
62,231 |
|
|
Other |
|
|
1,902 |
|
|
6,909 |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash provided by operating
activities |
|
|
225,022 |
|
|
225,290 |
|
|
95,186 |
|
|
Investing activities: |
|
|
|
|
|
|
|
|
|
|
|
Purchases of property and
equipment
|
|
|
(55,716 |
) |
|
(35,305 |
) |
|
(17,807 |
) |
|
Payments for acquisitions, net
of cash acquired, and other
equity investments
|
|
|
(32,492 |
) |
|
(107,897 |
) |
|
(65,980 |
) |
|
Sale (purchase) of long-term
investment security
|
|
|
14,908 |
|
|
(14,908 |
) |
|
— |
|
|
Decrease (increase) in
restricted cash
|
|
|
(1,000 |
) |
|
(3,367 |
) |
|
1,869 |
|
|
Purchases of available-for-sale
short-term investments
|
|
|
(420,497 |
) |
|
(186,881 |
) |
|
(70,897 |
) |
|
Proceeds from maturities of
available-for-sale short-term
investments
|
|
|
251,807 |
|
|
191,701 |
|
|
32,867 |
|
|
Other |
|
|
(440 |
) |
|
— |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash used in investing activities |
|
|
(243,430 |
) |
|
(156,657 |
) |
|
(119,948 |
) |
|
Financing activities: |
|
|
|
|
|
|
|
|
|
|
|
Net payments under lines
of credit
|
|
|
— |
|
|
— |
|
|
(679 |
) |
|
Proceeds from convertible debt
and other outstanding
obligations
|
|
|
335 |
|
|
7,878 |
|
|
535,352 |
|
|
Payments on outstanding
obligations
|
|
|
(53 |
) |
|
(11,825 |
) |
|
(498 |
) |
|
Increase in restricted cash for
collateral on land lease
transaction
|
|
|
(122,219 |
) |
|
— |
|
|
— |
|
|
Debt conversion premiums |
|
|
— |
|
|
(236 |
) |
|
(8,054 |
) |
|
Proceeds from issuance of
common stock, net of
issuance costs
|
|
|
61,586 |
|
|
85,746 |
|
|
27,823 |
|
|
Other |
|
|
(961 |
) |
|
98 |
|
|
248 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in)
financing activities |
|
|
(61,312 |
) |
|
81,661 |
|
|
554,192 |
|
|
|
|
|
|
|
|
Net increase (decrease) in cash
and cash equivalents
|
|
|
(79,720 |
) |
|
150,294 |
|
|
529,430 |
|
|
Effect of foreign exchange rate
changes on cash
|
|
|
(6,113 |
) |
|
(5,953 |
) |
|
1,308 |
|
|
Cash and cash equivalents at
beginning of year
|
|
|
907,635 |
|
|
763,294 |
|
|
232,556 |
|
|
|
|
|
|
|
|
Cash and cash equivalents at end
of year
|
|
$ |
821,802 |
|
$ |
907,635 |
|
$ |
763,294 |
|
|
|
|
|
|
|
|
|
|
