Zynga 2013 Annual Report Download - page 78

Table of Contents
Zynga Inc.
Consolidated Statements of Cash Flows
(In thousands)
See accompanying notes.
74
Year Ended December 31,
2013
2012
2011
Operating activities:
Net income (loss)
$
(36,982
)
$
(209,448
)
$
(404,316
)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization
129,047
141,479
95,414
Stock
-
based expense
84,393
281,986
600,212
(Gain) loss from sales of investments, assets and other, net
8,147
563
—
Net gain on termination of lease and purchase of building
—
(
19,886
)
(550
)
Tax benefits (costs) from stock
-
based awards
(11,244
)
21,652
—
Excess tax benefits (costs) from stock
-
based awards
11,244
(21,652
)
13,750
Accretion and amortization on marketable securities
17,575
17,223
2,873
Deferred income taxes
(18,766
)
(43,841
)
4,367
Impairment of intangible assets
10,217
95,493
—
Changes in operating assets and liabilities:
Accounts receivable, net
40,806
34,338
(55,432
)
Income tax receivable
(1,336
)
12,976
17,994
Other assets
3,932
19,908
(14,559
)
Accounts payable
(2,325
)
(21,312
)
10,373
Deferred revenue
(157,090
)
(133,640
)
15,409
Other liabilities
(48,944
)
19,928
103,637
Net cash provided by (used in) operating activities
28,674
195,767
389,172
Investing activities:
Purchases of marketable securities
(1,074,919
)
(1,826,137
)
(649,972
)
Sales of marketable securities
353,603
223,828
19,206
Maturities of marketable securities
891,238
647,916
841,560
Purchase of corporate headquarters building
—
(
233,700
)
—
Acquisition of property and equipment
(7,813
)
(98,054
)
(238,091
)
Business acquisition, net of cash acquired
(18,054
)
(205,510
)
(42,774
)
Proceeds from sale of property and equipment
3,057
—
—
Equity method investment
—
(
10,000
)
—
Restricted cash
227
6,979
9,194
Other investing activities, net
137
(2,256
)
(2,578
)
Net cash provided by (used in) investing activities
147,476
(1,496,934
)
(63,455
)
Financing activities:
Net proceeds from initial public offering
—
—
961,403
Proceeds from debt, net of issuance costs
—
99,780
—
Taxes paid related to net share settlement of equity awards
(1,387
)
(26,307
)
(83,232
)
Repurchases of common stock
(9,302
)
(11,756
)
(283,770
)
Proceeds from exercise of stock options
18,223
16,960
2,893
Proceeds from employee stock purchase plan
7,892
4,489
—
Net proceeds from issuance of preferred stock
—
—
485,300
Excess tax benefits from stock
-
based awards
(11,244
)
21,652
(13,750
)
Repayment of debt
(100,000
)
—
—
Net cash provided by (used in) financing activities
(95,818
)
104,818
1,068,844
Effect of exchange rate changes on cash and cash equivalents
(758
)
(45
)
(49
)
Net increase (decrease) in cash and cash equivalents
79,574
(1,196,394
)
1,394,512
Cash and cash equivalents, beginning of period
385,949
1,582,343
187,831
Cash and cash equivalents, end of period
$
465,523
$
385,949
$
1,582,343