Axon Enterprise
(NASDAQ:AXON)

Axon Enterprise, Inc. develops, manufactures, and sells conducted energy weapons (CEWs) under the TASER brand in the United States and internationally. It operates through two segments, TASER and Software and Sensors. The company offers TASER X26P, TASER X2, TASER 7, and TASER Pulse CEWs; and relate...

Website: http://www.axon.com

Founded: 1993

Founder: Patrick W. Smith, Thomas P. Smith

CEO: Patrick W. Smith

Sector: Industrials

Industry: Aerospace & Defense

Industrials Taser Aerospace

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At a glance:

Diversified Public-Safety Technology Platform: Axon combines TASER devices, body-worn cameras, in-car video, digital evidence management, and productivity software into an integrated ecosystem for law enforcement and public safety agencies.
Recurring Revenue Driven by Cloud Subscriptions: A growing portion of revenue comes from subscription and SaaS offerings (e.g., evidence management and software services), supporting more predictable, recurring cash flows versus one-time hardware sales.
Hardware Refresh Cycles and Device Adoption Support Growth: New product releases and replacement cycles for TASER and camera hardware can drive periodic demand, often bundled with multi-year software and service contracts.
High Switching Costs and Ecosystem Lock-In: Once agencies standardize on Axon’s workflow (capture → store → manage → share evidence), migration can be operationally difficult, which can support retention and long-term contract renewals.
Key Risks: Budget Sensitivity, Procurement, and Policy Scrutiny: Results can be influenced by municipal and federal budget cycles, lengthy procurement processes, and regulatory or public-policy changes related to use-of-force, surveillance, and data privacy.

Bull Thesis:

Dominant Market Position and Ecosystem Lock-in: Axon holds a near-monopoly in body cameras and tasers for law enforcement, creating a powerful ecosystem of hardware, software (Evidence.com, Axon Records), and cloud services. This integration leads to high switching costs for agencies, ensuring long-term customer retention and recurring revenue streams.
Strong Recurring Revenue Growth from SaaS Transition: The company's strategic shift towards a subscription-based 'Axon Cloud' model (Evidence.com, Axon Records, Axon Fleet) is driving predictable, high-margin recurring revenue growth. This SaaS transformation improves financial stability, enhances customer lifetime value, and provides a clearer path to sustained profitability.
Expansion into New Markets and Product Innovation: Axon is actively expanding beyond traditional law enforcement into adjacent markets like corrections, private security, and even consumer safety (e.g., Axon Protect). Continuous innovation with products like Axon Fleet 3, Axon VR training, and AI-powered solutions further broadens its addressable market and revenue opportunities.
Increasing Demand for Public Safety Digitization and Transparency: Global trends towards greater police accountability, transparency, and operational efficiency are driving increased adoption of Axon's integrated solutions. Governments and public safety agencies are investing more in digital tools to manage evidence, improve officer safety, and enhance community trust, directly benefiting Axon.

Bear Thesis:

High Valuation Concerns: Despite strong growth, Axon's stock trades at a premium valuation (high P/E and P/S ratios) compared to many other technology or hardware companies. This high valuation implies significant future growth and profitability, leaving little room for error or slowdowns in execution.
Reliance on Government Spending and Budget Cycles: Axon's primary customer base is government agencies, making it susceptible to public sector budget constraints, political shifts, and slow procurement cycles. Economic downturns or changes in government priorities could impact sales and contract renewals.
Ethical, Privacy, and Regulatory Scrutiny: The use of surveillance technology, AI, and extensive data collection by law enforcement raises significant ethical and privacy concerns. Potential for public backlash, increased regulatory oversight, or legal challenges regarding data usage and algorithmic bias could impact product adoption or lead to costly compliance measures.
Competition and Potential Market Saturation: While dominant, Axon faces competition from companies like Motorola Solutions and smaller players in various segments. In developed markets, the core body camera market for law enforcement could eventually reach saturation, requiring Axon to rely heavily on new product categories and international expansion for continued growth.

Main Competitors:

Motorola Solutions ($MSI) (WatchGuard V300 Body Camera, CommandCentral Software Suite), A major competitor across multiple segments, offering body-worn cameras, in-car video systems, and a comprehensive suite of public safety software including digital evidence management (DEMS), computer-aided dispatch (CAD), and records management systems (RMS). They leverage their strong presence in land mobile radio (LMR) systems to offer integrated solutions to law enforcement agencies, directly challenging Axon's hardware and software ecosystem.
Mark43 (Mark43 CAD, RMS, and Evidence), A cloud-native public safety software provider that directly competes with Axon's software offerings like Axon Records, Axon Dispatch, and Evidence.com. Mark43 offers modern, integrated computer-aided dispatch (CAD), records management systems (RMS), and digital evidence management (DEMS) solutions, appealing to agencies looking for next-generation, cloud-first platforms.
CentralSquare Technologies (Public Safety CAD, RMS, and DEMS Solutions), A leading provider of comprehensive public safety software solutions, including computer-aided dispatch (CAD), records management systems (RMS), and digital evidence management (DEMS). They compete with Axon's software suite by offering integrated platforms that serve a wide range of public safety and local government needs, often through acquisitions of established software providers.
Tyler Technologies ($TYL) (New World Public Safety Suite), A significant provider of integrated software and technology services to the public sector, including a comprehensive public safety suite that offers computer-aided dispatch (CAD), records management systems (RMS), and mobile solutions. Tyler Technologies competes with Axon's software offerings by providing established, robust platforms to government agencies.

Moat:

Axon Enterprise maintains a significant competitive moat primarily through its integrated ecosystem of hardware (TASER devices, body cameras, in-car cameras) and cloud-based software (Evidence.com, Axon Records, Axon Dispatch). This comprehensive, interconnected platform creates high switching costs and offers a unified solution for law enforcement agencies. While Axon holds a near-monopoly in conducted energy weapons, it faces robust competition in its other segments. In body cameras and in-car video, companies like Motorola Solutions offer competing hardware. The software segment, including digital evidence management, CAD, and RMS, is highly competitive with strong players such as Motorola Solutions, Mark43, CentralSquare Technologies, and Tyler Technologies, which offer modern, often cloud-native, alternatives. Axon's strategy relies on continually enhancing its ecosystem and leveraging its brand trust to maintain its market leadership.

Income Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2009-00-00	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2003-12-31

net sales from products	452,821,000	454,209,000	405,399,000	376,360,000	340,896,000	330,205,000	327,900,000	295,185,000	272,048,000	258,405,000	256,443,000	233,474,000	219,389,000	214,735,000	210,398,000	200,051,000	176,204,000	145,409,000	165,803,000	156,427,000	140,886,000	174,116,000	120,091,000	98,755,000	107,288,000	134,497,000	96,497,000	80,391,000	88,089,000	89,017,000	80,923,000	76,721,000	80,974,000	77,508,000	73,985,000
net sales from services	354,524,000	342,515,000	305,242,000	292,178,000	262,737,000	244,940,000	216,374,000	208,914,000	188,688,000	173,737,000	157,158,000	141,131,000	123,654,000	121,407,000	101,356,000	85,562,000	80,222,000	72,169,000	66,186,000	62,368,000	54,133,000	52,024,000	46,351,000	42,504,000	39,874,000	37,354,000	34,340,000	31,971,000	27,721,000	25,774,000	23,913,000	22,505,000	20,241,000	17,143,000	16,277,000
net sales	807,345,000	796,724,000	710,641,000	668,538,000	603,633,000	575,145,000	544,274,000	504,099,000	460,736,000	432,142,000	413,601,000	374,605,000	343,043,000	336,142,000	311,754,000	285,613,000	256,426,000	217,578,000	231,989,000	218,795,000	195,019,000	226,140,000	166,442,000	141,259,000	147,162,000	171,851,000	130,837,000	112,362,000	115,810,000	114,791,000	104,836,000	99,226,000	101,215,000	94,651,000	90,262,000	79,643,000	79,242,000	82,077,000	71,882,000	58,756,000	55,530,000	56,041,000	50,376,000	46,713,000	44,762,000	46,816,000	44,349,000	37,175,000	36,185,000	40,024,729	35,196,822	32,175,797	30,433,652	32,115,957	28,772,956	28,222,443	25,641,392			21,198,055	23,116,949	86,866,051,493	21,084,081	19,120,525	23,843,901	104,182,351,365	23,310,457	21,833,398	24,604,780	23,310,457	92,778,652,728	22,859,459	21,101,309	22,486,504	31,028,390	28,533,419	25,863,376	15,301,815	67,669,669,697	18,311,543	16,225,197	13,893,563	12,607,750	11,675,611	13,206,659	10,204,161
yoy	33.75%	38.53%	30.57%	32.62%	31.01%	33.09%	31.59%	34.57%	34.31%	28.56%	32.67%	31.16%	33.78%	54.49%	34.38%	30.54%	31.49%	-3.79%	39.38%	54.89%	32.52%	31.59%	27.21%	25.72%	27.07%	49.71%	24.80%	13.24%	14.42%	21.28%	16.15%	24.59%	27.73%	15.32%	25.57%	35.55%	42.70%	46.46%	42.69%	25.78%	24.06%	19.70%	13.59%	25.66%	23.70%	16.97%	26.00%	15.54%	18.90%	24.63%	22.33%	14.01%	18.69%			33.14%	10.92%			10.87%	-3.05%	-16.62%	-9.55%	-12.43%	-3.09%	446833.97%	-99.97%	-4.49%	16.60%	3.66%	298912.14%	-19.89%	-18.41%	46.95%	-99.95%	55.82%	59.40%	10.14%	536630.74%	56.84%	22.86%	36.16%
qoq	1.33%	12.11%	6.30%	10.75%	4.95%	5.67%	7.97%	9.41%	6.62%	4.48%	10.41%	9.20%	2.05%	7.82%	9.15%	11.38%	17.85%	-6.21%	6.03%	12.19%	-13.76%	35.87%	17.83%	-4.01%	-14.37%	31.35%	16.44%	-2.98%	0.89%	9.50%	5.65%	-1.97%	6.93%	4.86%	13.33%	0.51%	-3.45%	14.18%	22.34%	5.81%	-0.91%	11.25%	7.84%	4.36%	-4.39%	5.56%	19.30%	2.74%	-9.59%	13.72%	9.39%	5.72%	-5.24%	11.62%	1.95%	10.07%				-8.30%	-99.97%	411898.28%	10.27%	-19.81%	-99.98%	446833.97%	6.77%	-11.26%	5.55%	-99.97%	405765.48%	8.33%	-6.16%	-27.53%	8.74%	10.32%	69.02%	-99.98%	369446.52%	12.86%	16.78%	10.20%	7.98%	-11.59%	29.42%
cost of product sales	232,156,000	242,442,000	203,173,000	193,507,000	170,181,000	167,182,000	156,167,000	145,154,000	151,698,000	125,664,000	116,278,000	101,192,000	107,584,000	102,641,000	93,724,000	87,502,000	79,352,000	64,845,000	71,336,000	65,301,000	58,616,000	73,624,000	57,798,000	43,825,000	48,884,000	70,418,000	42,445,000	38,220,000	39,600,000	42,863,000	32,953,000	31,087,000	32,434,000	26,180,000	34,573,000
cost of service sales	97,903,000	92,987,000	80,120,000	71,288,000	67,713,000	62,114,000	57,360,000	55,210,000	48,992,000	42,591,000	42,051,000	41,292,000	31,357,000	27,822,000	24,773,000	24,148,000	21,335,000	17,672,000	16,086,000	15,565,000	13,050,000	11,210,000	10,404,000	9,257,000	9,670,000	8,793,000	8,223,000	8,582,000	7,293,000	6,582,000	6,250,000	4,996,000	4,320,000	5,455,000	5,924,000
cost of sales	330,059,000	335,429,000	283,293,000	264,795,000	237,894,000	229,296,000	213,527,000	200,364,000	200,690,000	168,255,000	158,329,000	142,484,000	138,941,000	130,463,000	118,497,000	111,650,000	100,687,000	82,517,000	87,422,000	80,866,000	71,666,000	84,834,000	68,202,000	53,082,000	58,554,000	79,211,000	50,668,000	46,802,000	46,893,000	49,445,000	39,203,000	36,083,000	36,754,000	31,635,000	40,497,000
gross margin	477,286,000	461,295,000	427,348,000	403,743,000	365,739,000	345,849,000	330,747,000	303,735,000	260,046,000	263,887,000	255,272,000	232,121,000	204,102,000	205,679,000	193,257,000	173,963,000	155,739,000	135,061,000	144,567,000	137,929,000	123,353,000	141,306,000	98,240,000	88,177,000	88,608,000	92,640,000	80,169,000	65,560,000	68,917,000	65,346,000	65,633,000	63,143,000	64,461,000	63,016,000	49,765,000	45,637,000	48,670,000	49,770,000	46,565,000	37,299,000	36,902,000	36,988,000	31,068,000	30,723,000	29,868,000	27,413,000	28,713,000	23,214,000	22,208,000	25,553,628	22,096,005	19,742,363	18,451,004	19,167,932	16,803,012	16,502,373	15,241,259			12,241,693	12,208,863	4,503,223,384	10,415,682	9,630,710	13,490,421	6,298,627,209	13,265,812	13,738,728	14,629,251	13,265,812	5,660,197,866	13,895,542	13,605,023	12,763,318	17,182,940	16,006,772	15,531,259	8,889,029	4,286,986,703	11,631,980	10,390,623	8,954,694	8,196,791	7,848,370	8,390,560	5,676,136
yoy	30.50%	33.38%	29.21%	32.93%	40.64%	31.06%	29.57%	30.85%	27.41%	28.30%	32.09%	33.43%	31.05%	52.29%	33.68%	26.13%	26.25%	-4.42%	47.16%	56.42%	39.21%	52.53%	22.54%	34.50%	28.57%	41.77%	22.15%	3.83%	6.91%	3.70%	31.89%	38.36%	32.45%	26.61%	6.87%	22.35%	31.89%	34.56%	49.88%	21.40%	23.55%	34.93%	8.20%	32.35%	34.49%	7.28%	29.95%	17.58%	20.36%	33.31%	31.50%	19.63%	21.06%			34.80%	24.84%			27.11%	-9.50%	-28.50%	-21.48%	-29.90%	-7.78%	47380.15%	-99.77%	-1.13%	7.53%	3.94%	32840.80%	-13.19%	-12.40%	43.59%	-99.60%	37.61%	49.47%	-0.73%	52200.79%	48.21%	23.84%	57.76%
qoq	3.47%	7.94%	5.85%	10.39%	5.75%	4.57%	8.89%	16.80%	-1.46%	3.37%	9.97%	13.73%	-0.77%	6.43%	11.09%	11.70%	15.31%	-6.58%	4.81%	11.82%	-12.71%	43.84%	11.41%	-0.49%	-4.35%	15.56%	22.28%	-4.87%	5.46%	-0.44%	3.94%	-2.04%	2.29%	26.63%	9.05%	-6.23%	-2.21%	6.88%	24.84%	1.08%	-0.23%	19.05%	1.12%	2.86%	8.96%	-4.53%	23.69%	4.53%	-13.09%	15.65%	11.92%	7.00%	-3.74%	14.07%	1.82%	8.27%				0.27%	-99.73%	43135.03%	8.15%	-28.61%	-99.79%	47380.15%	-3.44%	-6.09%	10.28%	-99.77%	40633.91%	2.14%	6.59%	-25.72%	7.35%	3.06%	74.72%	-99.79%	36755.18%	11.95%	16.04%	9.25%	4.44%	-6.46%	47.82%
gross margin %	59.12%	57.90%	60.14%	60.39%	60.59%	60.13%	60.77%	60.25%	56.44%	61.06%	61.72%	61.96%	59.50%	61.19%	61.99%	60.91%	60.73%	62.07%	62.32%	63.04%	63.25%	62.49%	59.02%	62.42%	60.21%	53.91%	61.27%	58.35%	59.51%	56.93%	62.61%	63.64%	63.69%	66.58%	55.13%	57.30%	61.42%	60.64%	64.78%	63.48%	66.45%	66.00%	61.67%	65.77%	66.73%	58.55%	64.74%	62.45%	61.37%	63.84%	62.78%	61.36%	60.63%	59.68%	58.40%	58.47%	59.44%		NaN%	57.75%	52.81%	5.18%	49.40%	50.37%	56.58%	6.05%	56.91%	62.93%	59.46%	56.91%	6.10%	60.79%	64.47%	56.76%	55.38%	56.10%	60.05%	58.09%	6.34%	63.52%	64.04%	64.45%	65.01%	67.22%	63.53%	55.63%
operating expenses:
selling, general and administrative	259,093,000	317,369,000	252,803,000	242,212,000	223,509,000
research and development	188,950,000	194,044,000	176,674,000	162,567,000	151,023,000	134,585,000	114,477,000	101,434,000	91,097,000	83,972,000	76,880,000	71,940,000	70,927,000	68,720,000	59,127,000	57,547,000	48,416,000	50,674,000	42,382,000	53,952,000	47,018,000	38,008,000	29,246,000	29,560,000	26,381,000	28,745,000	25,129,000	23,493,000	23,354,000	21,254,000	21,982,000	18,501,000	15,119,000	15,755,000	14,166,000	12,989,000	12,463,000	9,614,000	7,358,000	6,710,000	6,927,000	6,622,000	6,528,000	5,906,000	4,558,000
total operating expenses	448,043,000	511,413,000	429,477,000	404,779,000	374,532,000	361,604,000	306,666,000	270,861,000	243,766,000	221,078,000	200,159,000	191,862,000	187,494,000	183,138,000	161,150,000	152,552,000	138,545,000	162,127,000	141,677,000	231,614,000	173,615,000	135,531,000	103,689,000	101,853,000	89,408,000	107,026,000	73,553,000	66,855,000	66,246,000	63,353,000	61,667,000	57,844,000	50,878,000	55,368,000	50,564,000	44,813,000	43,320,000	40,357,000	35,479,000	31,089,000	31,760,000	28,478,000	24,362,000	21,349,000	19,123,000
income from operations	29,243,000	-50,118,000	-2,129,000	-1,036,000	-8,793,000	-15,755,000	24,081,000	32,874,000	16,280,000	42,809,000	55,113,000	40,259,000	16,608,000	22,541,000	32,107,000	21,411,000	17,194,000	-27,066,000	2,890,000	-93,685,000	-50,262,000	5,775,000	-5,449,000	-13,676,000	-800,000	-14,386,000	6,616,000	-1,295,000	2,671,000	1,993,000	3,966,000	5,299,000	13,583,000	7,648,000	-799,000	824,000	5,350,000	9,413,000	11,086,000	6,210,000	5,142,000	8,510,000	6,706,000	9,374,000	10,745,000	8,924,000	12,513,000	6,212,000	4,856,000	9,001,065	6,880,213	6,810,214	5,256,508	4,737,257	5,277,315	6,058,932	6,455,017			-5,016,545	110,185	-1,277,279	-724,733	-3,435,734	-948,649	-1,825,665.25	-4,810,251	-1,474,769	-1,017,641	-4,810,251	53,581,801	1,508,785	-4,325,667	1,491,081	7,230,538	6,883,644	5,923,483	336,335	-2,663,808.75	3,733,596	-15,425,403	1,036,572	408,206	578,663	580,586	76,609
yoy	-432.57%	218.11%	-108.84%	-103.15%	-154.01%	-136.80%	-56.31%	-18.34%	-1.97%	89.92%	71.65%	88.03%	-3.41%	-183.28%	1010.97%	-122.85%	-134.21%	-568.68%	-153.04%	585.03%	6182.75%	-140.14%	-182.36%	956.06%	-129.95%	-821.83%	66.82%	-124.44%	-80.34%	-73.94%	-596.37%	543.08%	153.89%	-18.75%	-107.21%	-86.73%	4.05%	10.61%	65.31%	-33.75%	-52.15%	-4.64%	-46.41%	50.90%	121.27%	-0.86%	81.87%	-8.78%	-7.62%	90.01%	30.37%	12.40%	-18.57%			-220.78%	5758.34%			46.01%	-111.61%	-30.04%	-84.93%	132.97%	-6.78%	-62.05%	-108.98%	-197.75%	-76.47%	-422.60%	641.05%	-78.08%	-173.03%	343.33%	-371.44%	84.37%	-138.40%	-67.55%	-752.56%	545.21%	-2756.87%	1253.07%
qoq	-158.35%	2254.06%	105.50%	-88.22%	-44.19%	-165.43%	-26.75%	101.93%	-61.97%	-22.33%	36.90%	142.41%	-26.32%	-29.79%	49.96%	24.53%	-163.53%	-1036.54%	-103.08%	86.39%	-970.34%	-205.98%	-60.16%	1609.50%	-94.44%	-317.44%	-610.89%	-148.48%	34.02%	-49.75%	-25.16%	-60.99%	77.60%	-1057.20%	-196.97%	-84.60%	-43.16%	-15.09%	78.52%	20.77%	-39.58%	26.90%	-28.46%	-12.76%	20.41%	-28.68%	101.43%	27.92%	-46.05%	30.83%	1.03%	29.56%	10.96%	-10.23%	-12.90%	-6.14%				-4652.84%	-108.63%	76.24%	-78.91%	262.17%	-48.04%	-62.05%	226.17%	44.92%	-78.84%	-108.98%	3451.32%	-134.88%	-390.10%	-79.38%	5.04%	16.21%	1661.19%	-112.63%	-171.35%	-124.20%	-1588.12%	153.93%	-29.46%	-0.33%	657.86%
operating margin %	3.62%	-6.29%	-0.30%	-0.15%	-1.46%	-2.74%	4.42%	6.52%	3.53%	9.91%	13.33%	10.75%	4.84%	6.71%	10.30%	7.50%	6.71%	-12.44%	1.25%	-42.82%	-25.77%	2.55%	-3.27%	-9.68%	-0.54%	-8.37%	5.06%	-1.15%	2.31%	1.74%	3.78%	5.34%	13.42%	8.08%	-0.89%	1.03%	6.75%	11.47%	15.42%	10.57%	9.26%	15.19%	13.31%	20.07%	24.00%	19.06%	28.21%	16.71%	13.42%	22.49%	19.55%	21.17%	17.27%	14.75%	18.34%	21.47%	25.17%		NaN%	-23.67%	0.48%	-0.00%	-3.44%	-17.97%	-3.98%	-0.00%	-20.64%	-6.75%	-4.14%	-20.64%	0.06%	6.60%	-20.50%	6.63%	23.30%	24.12%	22.90%	2.20%	-0.00%	20.39%	-95.07%	7.46%	3.24%	4.96%	4.40%	0.75%
interest income	10,611,000	17,633,000	23,941,000	23,253,000	10,604,000	5,461,000	10,978,000	9,782,000	10,374,000																																																																						17,521,601	483,371	430,593	367,435	375,571	306,761	347,837	198,875
interest expense	-28,643,000	-28,819,000	-28,912,000	-28,686,000	-7,821,000																																																																										-1,350	-1,760	-1,883	-2,007	-4,105		-15	-88
other income	189,010,000	-4,933,000	22,803,000	-32,414,000	114,401,000	94,859,000	44,510,000	7,934,000	139,066,000																																																																						-57		-116	-112	-37		-59,360	-375
income before provision for income taxes	200,221,000	-66,237,000	15,703,000	-38,883,000	108,391,000	84,565,000	79,569,000	50,590,000	165,720,000	55,802,000	69,423,000	-12,109,000	41,884,000	34,730,000	20,858,000	68,437,000	72,493,000	-37,214,000	-2,640,000	-51,844,000	-49,677,000	9,040,000	-3,409,000	-12,063,000	141,000	-11,900,000	8,436,000	550,000	4,984,000			5,004,000	14,846,000	7,066,000	631,000	2,508,000
provision for income taxes	30,909,000	-68,982,000	17,889,000	-75,000,000	20,411,000	-50,619,000	12,544,000	9,793,000	32,502,000	-1,469,000	10,026,000	-24,529,000	-3,255,000	5,555,000	8,727,000	17,475,000	17,622,000	-23,706,000	-51,164,000	-4,727,000	-1,760,000	-16,794,000	-2,536,000	18,696,000		479,000	2,332,000	-188,000	-1,435,000			-3,481,000	1,920,000	9,137,000	209,000	232,000
net income	169,312,000	2,745,000	-2,186,000	36,117,000	87,980,000	135,184,000	67,025,000	40,797,000	133,218,000	57,271,000	59,397,000	12,420,000	45,139,000	29,175,000	12,131,000	50,962,000	54,871,000	-13,508,000	48,524,000	-47,117,000	-47,917,000	25,834,000	-873,000	-30,759,000	4,074,000	-12,379,000	6,104,000	738,000	6,419,000	2,083,000	5,711,000	8,485,000	12,926,000	-2,071,000	422,000	2,276,000	4,580,000	6,341,000	3,843,000	3,650,000	3,463,000	5,104,000	1,521,000	6,103,000	7,205,000	5,086,000	7,558,000	3,884,000	3,391,000	5,375,053	5,113,592	4,457,534	3,297,821	3,814,806	3,676,872	3,442,247	3,803,818			-2,294,832	19,732	-1,046,868	-2,335,478	-1,359,389	-492,605	-1,091,794.75	-3,176,016	-723,404	-467,759	-3,176,016	36,522,772	650,377	-2,015,736	1,216,587	4,678,200	6,154,038	3,699,208	494,554	-1,601,176.75	2,395,898	-9,606,584	805,979	108,774	330,424	509,048	168,021
yoy	92.44%	-97.97%	-103.26%	-11.47%	-33.96%	136.04%	12.84%	228.48%	195.13%	96.30%	389.63%	-75.63%	-17.74%	-315.98%	-75.00%	-208.16%	-214.51%	-152.29%	-5658.30%	53.18%	-1276.17%	-308.69%	-114.30%	-4267.89%	-36.53%	-694.29%	6.88%	-91.30%	-50.34%	-200.58%	1253.32%	272.80%	182.23%	-132.66%	-89.02%	-37.64%	32.26%	24.24%	152.66%	-40.19%	-51.94%	0.35%	-79.88%	57.13%	112.47%	-5.38%	47.80%	-12.87%	2.83%	40.90%	39.07%	29.49%	-13.30%			-250.00%	19177.41%			68.81%	-104.01%	-4.11%	-26.47%	87.92%	5.31%	-65.62%	-108.70%	-211.23%	-76.79%	-361.06%	680.70%	-89.43%	-154.49%	146.00%	-392.17%	156.86%	-138.51%	-38.64%	-1572.02%	625.10%	-1987.17%	379.69%
qoq	6068.01%	-225.57%	-106.05%	-58.95%	-34.92%	101.69%	64.29%	-69.38%	132.61%	-3.58%	378.24%	-72.48%	54.72%	140.50%	-76.20%	-7.12%	-506.21%	-127.84%	-202.99%	-1.67%	-285.48%	-3059.22%	-97.16%	-855.01%	-132.91%	-302.80%	727.10%	-88.50%	208.16%	-63.53%	-32.69%	-34.36%	-724.14%	-590.76%	-81.46%	-50.31%	-27.77%	65.00%	5.29%	5.40%	-32.15%	235.57%	-75.08%	-15.29%	41.66%	-32.71%	94.59%	14.54%	-36.91%	5.11%	14.72%	35.17%	-13.55%	3.75%	6.82%	-9.51%				-11730.00%	-101.88%	-55.18%	71.80%	175.96%	-54.88%	-65.62%	339.04%	54.65%	-85.27%	-108.70%	5515.63%	-132.26%	-265.69%	-73.99%	-23.98%	66.36%	647.99%	-130.89%	-166.83%	-124.94%	-1291.91%	640.97%	-67.08%	-35.09%	202.97%
net income margin %	20.97%	0.34%	-0.31%	5.40%	14.58%	23.50%	12.31%	8.09%	28.91%	13.25%	14.36%	3.32%	13.16%	8.68%	3.89%	17.84%	21.40%	-6.21%	20.92%	-21.53%	-24.57%	11.42%	-0.52%	-21.77%	2.77%	-7.20%	4.67%	0.66%	5.54%	1.81%	5.45%	8.55%	12.77%	-2.19%	0.47%	2.86%	5.78%	7.73%	5.35%	6.21%	6.24%	9.11%	3.02%	13.06%	16.10%	10.86%	17.04%	10.45%	9.37%	13.43%	14.53%	13.85%	10.84%	11.88%	12.78%	12.20%	14.83%		NaN%	-10.83%	0.09%	-0.00%	-11.08%	-7.11%	-2.07%	-0.00%	-13.62%	-3.31%	-1.90%	-13.62%	0.04%	2.85%	-9.55%	5.41%	15.08%	21.57%	14.30%	3.23%	-0.00%	13.08%	-59.21%	5.80%	0.86%	2.83%	3.85%	1.65%
net income per common and common equivalent shares:
basic	2,110	30	-30	460	1,140	1,780	890	540	1,770	-1,577.65	790	170	620	-1,657.93	170	720	770	709.09	730		-750	449.97	-10	-510	70	-219.99	100	10	110	-489.48	100	150	240	-40	10	40	90	120	70	70	60	90	30	110	140
diluted	2,050	30	-30	440	1,080	1,680	860	530	1,730	-1,557.69	780	160	610	-1,627.97	170	710	760	709.09	670		-750	449.97	-10	-510	70	-219.99	100	10	110	-469.5	100	150	240	-40	10	40	90	120	70	70	60	90	30	110	130
weighted-average number of common and common equivalent shares outstanding:
basic	80,150,000	78,081,000	78,416,000	77,999,000	76,890,000	75,748,000	75,697,000	75,511,000	75,355,000	74,195	74,826,000	74,224,000	72,638,000	71,093	71,107,000	71,040,000	70,950,000	66,191	66,192,000	65,166,000	64,036,000	61,782	63,496,000	60,346,000	59,609,000	59,190	59,278,000	59,187,000	58,914,000	56,392	58,340,000	55,527,000	53,119,000	52,726,000	52,831,000	52,736,000	52,418,000	52,667,000	52,206,000	52,480,000	53,693,000	53,548,000	53,709,000	53,644,000	53,167,000	52,948,000	52,475,000	53,383,000	53,190,000	51,880,000	51,341,785	51,109,060	52,746,178	53,827,204	52,509,068	54,520,889	55,700,395		59,435,624	60,605,140	62,409,267		62,342,775	62,333,929	62,332,170		61,937,769	61,907,735	61,832,808	61,937,769		61,714,889	62,642,618	63,328,336		62,950,482	62,374,946	62,010,198		62,031,850	62,035,485	61,947,048	61,303,939	61,385,863	61,319,959	61,101,125
diluted	82,478,000	82,370,000	78,416,000	82,062,000	81,484,000	78,558,000	78,080,000	77,550,000	77,132,000	75,456	75,952,000	75,780,000	73,880,000	72,534	72,525,000	72,283,000	72,349,000	66,191	72,441,000	65,166,000	64,036,000	61,782	63,496,000	60,346,000	60,394,000	60,018	60,059,000	60,000,000	59,751,000	57,922	59,805,000	57,054,000	54,532,000	53,898,000	53,843,000	53,770,000	53,677,000	53,536,000	53,141,000	53,289,000	54,498,000	54,638,000	54,691,000	54,800,000	54,513,000	54,500,000	53,821,000	54,755,000	55,124,000	54,152,000	53,320,918	52,853,166	54,599,980	54,722,785	53,106,325	55,166,644	56,358,066		59,435,624	60,605,140	63,250,334		62,342,775	62,333,929	62,332,170		61,937,769	61,907,735	61,832,808	61,937,769		63,313,702	62,642,618	65,784,447		66,186,297	65,214,726	64,692,636		64,717,904	62,035,485	64,053,031	63,556,246	63,694,740	63,951,739	63,948,784
consolidated statements of comprehensive income
foreign currency translation adjustments	647,000	773,000	-25,000	5,159,000	358,000	-8,986,000	4,640,000	-2,727,000	-801,000	5,675,648	-6,799,000	-557,000	1,676,000	5,508,182	-2,275,000	-2,166,000	-1,072,000	1,159,749	-793,000	-369,000	1,000	457,237	1,238,000	678,000	-2,372,000	285,417	-227,000	-108,000	50,000	158,954	-107,000	655,000	-707,000	-259,000	-1,560,000	-716,000	165,000	500,000	61,000	25,000	234,000	37,000	-115,000	8,000	89,000		-15,000	5,000		26,115	92,306	-45,185	-18,236	18,608	25,863	-20,429	-118
unrealized loss on available-for-sale investments	-111,000				-124,000							-850,000
comprehensive income	169,848,000	3,469,000	-1,998,000	41,349,000	88,214,000	126,120,000	72,099,000	38,189,000	132,311,000	-111,095,273	53,254,000	11,013,000	46,999,000	-111,333,723	9,530,000	48,635,000	53,310,000	47,609,524	47,731,000		-47,916,000	28,013,513	365,000	-30,081,000	1,702,000	-12,974,701	5,877,000	630,000	6,469,000	-26,933,841	5,604,000	9,140,000	12,219,000	-2,330,000	-1,138,000	1,560,000	4,745,000	6,841,000	3,904,000	3,675,000	3,697,000	5,141,000	1,406,000	6,111,000	7,294,000	5,152,000	7,543,000	3,889,000		5,401,168	5,205,898	4,412,349	3,279,585	3,833,414	3,702,735	3,421,818	3,803,700
unrealized gain on available-for-sale investments		-49,000	213,000	73,000		-78,000	434,000	119,000	-106,000	10,852	656,000		184,000
sales, general and administrative						128,557,000	192,189,000	169,427,000	152,669,000	137,106,000	123,279,000	119,922,000	116,567,000	114,418,000	102,023,000	95,005,000	90,129,000	111,453,000	99,295,000	177,662,000	126,597,000	97,523,000	74,443,000	72,293,000	63,027,000	78,281,000	48,424,000	43,362,000	42,892,000	42,099,000	39,685,000	39,343,000	35,759,000	39,613,000	36,398,000	31,824,000	30,857,000	30,743,000	28,121,000	24,379,000	24,833,000	21,856,000	17,834,000	15,443,000	14,565,000
unaudited condensed consolidated statements of comprehensive income
interest and other income										-3,195,500	14,310,000	-52,368,000	25,276,000	12,189,000	-11,249,000	47,026,000	55,299,000	-10,148,000	-5,530,000	41,841,000	585,000	3,265,000	2,040,000	1,613,000	941,000	2,486,000	1,820,000	1,845,000	2,313,000	1,021,000	1,274,000	-295,000	1,263,000	-582,000	1,430,000	1,684,000	206,000							99,000	-65,000	-106,000	-160,000	42,000	30,000	55,193	34,891	18,677	-22,761	57,297	11,418	7,133	6,994			1,261,885	26,322	1,534	10,364	6,203	7,899	7,956	19,994	47,375	94,675	19,994	15,689,552	269,718	721,366	501,364	698,927	519,671	427,033	506,369
unrealized losses on available-for-sale investments														974,956	-326,000	-161,000
unrealized gains on available-for-sale investments																	-489,000
net loss per common and common equivalent shares:
basic																				-720
diluted																				-720
comprehensive loss																				-47,486,000
benefit from income taxes																									-3,933,000					-508,000	-471,000						976,000	3,178,000	6,788,000	2,437,000	1,797,000	3,420,000	5,163,000	3,370,000	3,475,000	3,732,000	4,795,000	2,370,000	1,495,000	1,527,198.75	1,801,512	2,371,357	1,935,926				2,658,193													-1,614,241	78,854.75	1,128,126		775,858				348,150				595,909
income before benefit from income taxes																														3,014,000	5,240,000						5,556,000	9,519,000	10,631,000	6,087,000	5,260,000	8,524,000	6,684,000	9,473,000	10,680,000	8,818,000	12,353,000	6,254,000	4,886,000	4,744,435.5	6,915,104	6,828,891	5,233,747	4,454,202	5,288,733	6,066,065	6,462,011				136,507									-4,790,257	41,661.75	1,778,503		1,992,445				842,704			-14,996,809	1,401,888
cost of products sold and services delivered																																				34,006,000	30,572,000	32,307,000	25,317,000	21,457,000	18,628,000	19,053,000	19,308,000	15,990,000	14,894,000	19,403,000	15,636,000	13,961,000	13,977,000	14,471,101	13,100,817	12,433,434	11,982,648	12,948,025	11,969,944	11,720,070
interest income and other income																																						-115,000	-455,000	-123,000	118,000	3,000	-22,000
sales, general and administrative expenses																																														9,933,500	12,441,000	13,547,000	13,746,000	8,724,501.25	12,775,980	10,940,085	11,210,900	6,699,657.25	9,539,996	8,404,611	8,854,022			9,065,847	9,346,213	3,879,788,295	9,454,353	10,011,395	10,299,154	4,314,252,312	11,419,527	10,821,238	11,448,923	11,419,527	3,858,216,296	9,055,060	9,710,804	9,160,589	8,742,048	8,145,117	8,344,927		2,946,161,245	7,125,408	7,603,035	7,254,312	7,318,130	6,909,018	7,458,533	5,252,164
research and development expenses																																														2,705,000	3,759,000	3,455,000	3,606,000	1,611,108	2,439,812	1,992,064	2,012,556	1,539,187.75	1,985,701	2,038,830	2,132,220			2,793,235	2,752,465	1,132,331,973	1,686,062	3,055,049	4,139,916	1,984,972,236	6,656,536	4,392,259	4,197,969	6,656,536	1,283,350,769	3,331,697	3,019,886	2,111,648	1,210,354	978,011	1,262,849		25,054,223	772,976	562,991	663,810	470,455	360,689	351,441	347,363
income per common and common equivalent shares																																																																									-0.03
basic																																														70	140	70	60	0.063	0.1	0.09	0.06	0.048	0.07	0.06	0.07									-0.018	-0.05		-0.01	-0.05		0.01		0.02	0.043	0.1	0.06	0.01	-0.025	0.04	-0.15	0.01		0.01	0.01
diluted																																														67.5	140	70	60	0.06	0.1	0.08	0.06	0.048	0.07	0.06	0.07									-0.018	-0.05		-0.01	-0.05		0.01	-0.03	0.02	0.04	0.09	0.06	0.01	-0.025	0.04	-0.15	0.01	0.01	0.01	0.01
weighted-average number of common and common equivalent shares outstanding
basic	80,150,000	78,081,000	78,416,000	77,999,000	76,890,000	75,748,000	75,697,000	75,511,000	75,355,000	74,195	74,826,000	74,224,000	72,638,000	71,093	71,107,000	71,040,000	70,950,000	66,191	66,192,000	65,166,000	64,036,000	61,782	63,496,000	60,346,000	59,609,000	59,190	59,278,000	59,187,000	58,914,000	56,392	58,340,000	55,527,000	53,119,000	52,726,000	52,831,000	52,736,000	52,418,000	52,667,000	52,206,000	52,480,000	53,693,000	53,548,000	53,709,000	53,644,000	53,167,000	52,948,000	52,475,000	53,383,000	53,190,000	51,880,000	51,341,785	51,109,060	52,746,178	53,827,204	52,509,068	54,520,889	55,700,395		59,435,624	60,605,140	62,409,267		62,342,775	62,333,929	62,332,170		61,937,769	61,907,735	61,832,808	61,937,769		61,714,889	62,642,618	63,328,336		62,950,482	62,374,946	62,010,198		62,031,850	62,035,485	61,947,048	61,303,939	61,385,863	61,319,959	61,101,125
diluted	82,478,000	82,370,000	78,416,000	82,062,000	81,484,000	78,558,000	78,080,000	77,550,000	77,132,000	75,456	75,952,000	75,780,000	73,880,000	72,534	72,525,000	72,283,000	72,349,000	66,191	72,441,000	65,166,000	64,036,000	61,782	63,496,000	60,346,000	60,394,000	60,018	60,059,000	60,000,000	59,751,000	57,922	59,805,000	57,054,000	54,532,000	53,898,000	53,843,000	53,770,000	53,677,000	53,536,000	53,141,000	53,289,000	54,498,000	54,638,000	54,691,000	54,800,000	54,513,000	54,500,000	53,821,000	54,755,000	55,124,000	54,152,000	53,320,918	52,853,166	54,599,980	54,722,785	53,106,325	55,166,644	56,358,066		59,435,624	60,605,140	63,250,334		62,342,775	62,333,929	62,332,170		61,937,769	61,907,735	61,832,808	61,937,769		63,313,702	62,642,618	65,784,447		66,186,297	65,214,726	64,692,636		64,717,904	62,035,485	64,053,031	63,556,246	63,694,740	63,951,739	63,948,784
litigation judgment recovery
gain on write down / disposal of property and equipment																																																					-28,960
litigation judgment (recovery) expense																																																						-550,000
loss on impairment																																																												1,350,504
loss on write down / disposal of property and equipment																																																												747,409
benefit for income taxes																																																						979,748	1,611,861	2,623,818					116,775	-224,294.5	1,621,109	-2,070,142	-448,145	2,865,438	-1,614,241	-703,990	-455,207				-1,588,565		3,251,265	1,249,277	2,651,308
litigation judgment expense																																																									-2,200,000			3,301,243											1,300,000
cost of products sold																																																									10,400,133
total cost of products sold																																																												8,956,362	10,908,086	7,629,972.75	10,668,399	9,489,815	10,353,480	7,028,711	10,044,645	8,094,670	9,975,529	10,044,645	6,546,034.5	8,963,917	7,496,286	9,723,186	7,317,887.5	12,526,647	10,332,117	6,412,786	4,363,251.5	6,679,563	5,834,574	4,938,869	4,410,959	3,827,241	4,816,099	4,528,025
income before income tax benefit																																																												-3,754,660
income tax benefit																																																												-1,459,828
loss per common and common equivalent shares
basic																																																												-0.04		-0.018	-0.04	-0.02	-0.01			-0.01
diluted																																																												-0.04		-0.018	-0.04	-0.02	-0.01			-0.01
income before benefit for income taxes																																																														-1,271,162.5	-714,369	-3,429,531	-940,750	-1,785,154.25	-4,790,257	-1,427,394	-922,966				-3,604,301		3,649,133.75	7,403,315	6,350,516
cost of products sold:
direct manufacturing expense																																																																5,969,177	7,260,048	5,020,305.25	7,372,091	5,804,463	6,904,667	7,372,091	4,969,380.25	6,286,067	6,019,957	7,571,497	5,211,216.5	8,897,407	7,338,890	4,608,569	3,214,541.5	5,099,381	4,229,384	3,529,401	3,275,149	2,932,791	3,525,670	3,110,206
indirect manufacturing expense																																																																3,520,638	3,093,432	2,008,405.75	2,672,554	2,290,207	3,070,862	2,672,554	1,576,654.25	2,677,850	1,476,329	2,151,689	2,106,671	3,629,240	2,993,227	1,804,217	1,148,710	1,580,182	1,605,190	1,409,468	1,135,810	894,450	1,290,429	1,417,819
legal judgment expense																																																																									5,200,000
shareholder litigation settlement expense
sales, general and administrative expense																																																																														7,581,908
research and development expense																																																																														970,786
stock-based compensation was allocated as follows:
litigation settlement																																																																															4,412,500
income before income taxes																																																																															-2,344,928.5	4,215,207			484,020.75	885,424	869,048	275,021
provision(credit) for income taxes																																																																															-743,751.75	1,819,309
litigation settlement expenses																																																																																	17,650,000
provision (credit) for income taxes																																																																																	-5,390,225
benefit from income tax																																																																																			245,500	555,000	360,000	107,000

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2003-12-31

assets
current assets:
cash and cash equivalents	458,921,000	1,201,147,000	1,423,871,000	615,496,000	1,092,938,000	454,844,000	695,144,000	566,452,000	403,870,000	598,545,000	406,042,000	474,203,000	263,414,000	353,684,000	147,711,000	212,815,000	386,367,000	356,332,000	281,691,000	266,372,000	154,822,000	155,440,000	176,000,000	319,253,000	156,540,000	172,250,000	202,551,000	219,720,000	223,642,000	349,462,000	324,371,000	307,507,000	92,330,000	75,105,000	43,471,000	28,038,000	41,974,000	40,651,000	50,600,000	37,306,000	53,365,000	59,526,000	45,887,000	40,354,000	46,848,000	48,367,000	38,615,000	25,943,000	45,133,000	42,271,000	35,005,494	19,079,341	38,580,384	36,126,791	25,965,711	17,970,019	24,349,583	21,300,733	24,574,858	27,719,405	31,811,600	42,684,241	40,281,074	40,599,254	37,425,947	45,505,049	45,414,569	52,773,739	58,264,462	46,880,435	42,499,289	33,026,135	47,717,920	48,800,287	26,986,405	20,533,196	16,073,479	18,773,685	15,833,820	15,419,832	14,267,459	16,351,909	17,133,705	16,461,623	18,439,045	15,878,326,000
short-term investments	260,000,000	505,417,000	952,786,000	1,471,304,000	1,099,230,000	333,235,000	311,570,000	402,470,000	560,186,000	644,054,000	715,688,000	594,942,000	775,129,000	581,769,000	194,627,000	118,514,000	20,024,000	14,510,000	216,557,000	388,895,000	440,842,000	406,525,000	330,914,000	237,980,000	188,673,000	178,534,000	108,913,000	116,629,000	105,312,000		500,000	4,124,000	4,475,000	6,862,000	18,372,000	33,796,000	29,630,000	48,415,000	45,620,000	49,711,000	50,689,000	50,254,000	49,526,000	46,252,000	43,212,000	32,774,000	28,983,000	22,890,000	17,700,000	9,101,000	8,751,409	10,733,249		1,680,958	3,178,050	5,186,263		5,108,189												2,498,998			2,500,301	2,501,152		2,980,297		3,557,289	5,638,637	5,110,858	1,008,596			2,006,782	4,044,760
marketable securities	18,052,000	27,213,000	68,179,000	144,000,000	174,870,000	198,270,000	151,560,000	107,550,000	99,720,000	77,940,000	68,850,000	64,800,000	54,810,000	39,240,000	35,280,000	45,900,000	57,600,000	72,180,000	83,340,000
accounts and notes receivable	674,598,000	777,486,000	700,742,000	627,961,000	600,371,000	547,572,000	512,662,000	386,058,000	476,764,000	417,690,000	442,830,000	372,060,000	379,887,000	358,190,000	418,308,000	379,672,000	344,907,000	320,819,000	265,267,000	201,907,000	185,373,000	229,201,000	172,803,000	154,253,000	147,945,000	146,878,000	149,013,000	134,630,000	149,096,000	130,579,000	116,518,000	94,296,000	87,849,000	56,064,000	51,204,000	45,428,000	44,328,000	39,466,000	32,858,000	30,499,000	29,810,000	27,701,000	24,328,000	25,753,000	21,022,000	30,735,000	27,099,000	23,067,000	20,501,000	22,488,000	20,093,295	16,889,785	16,806,968	18,101,240
contract assets	641,597,000	582,630,000	537,198,000	463,371,000	373,707,000	367,929,000	372,923,000	343,422,000	266,172,000	275,779,000	260,523,000	255,306,000	216,869,000	196,902,000	168,673,000	196,754,000	147,861,000	180,421,000	130,976,000	86,561,000	72,472,000	63,945,000	63,105,000	50,799,000	43,959,000	47,718,000	33,602,000	26,648,000	17,945,000	13,960,000	13,263,000	10,468,000	9,278,000
inventory	408,010,000	341,811,000	317,513,000	308,492,000	279,669,000	265,316,000	272,295,000	277,753,000	271,318,000	269,855,000	260,119,000	249,767,000	220,268,000	202,471,000	173,046,000	154,297,000	122,150,000	108,688,000	93,279,000	91,739,000	89,657,000	89,958,000	97,610,000	81,010,000	46,922,000	38,845,000	40,666,000	40,999,000	37,587,000	33,763,000	39,221,000	43,967,000	43,104,000	45,465,000	52,692,000	60,743,000	48,699,000	34,841,000	25,503,000	21,936,000	20,214,000	15,763,000	18,892,000	23,687,000	22,626,000	18,323,000	16,128,000	15,111,000	13,252,000	11,109,000	12,289,360	13,200,436	11,840,390	10,993,209	10,430,832	10,466,858	11,118,750	11,484,761	15,469,128	16,049,209	16,280,046	17,815,405	18,025,815	19,076,431	17,687,918	15,085,750	13,227,387	11,670,349	10,327,099	13,467,117	17,475,342	20,554,202	17,961,874	13,506,804	10,956,792	9,947,077	10,311,705	9,257,746	8,531,385	9,605,618	8,995,786	10,283,390	9,215,133	9,162,411	8,911,768	3,125,974,000
prepaid expenses	178,632,000
other current assets	104,320,000
total current assets	2,744,130,000	3,713,052,000	4,216,736,000	3,828,362,000	3,776,589,000	2,297,481,000	2,433,746,000	2,205,738,000	2,201,707,000	2,396,649,000	2,257,841,000	2,112,650,000	2,052,696,000	1,805,278,000	1,205,699,000	1,169,791,000	1,146,117,000	1,109,490,000	1,123,820,000	1,080,930,000	986,229,000	981,952,000	875,853,000	885,724,000	618,741,000	619,091,000	576,022,000	575,055,000	566,922,000	558,155,000	524,387,000	486,966,000	258,970,000	205,192,000	188,741,000	190,954,000	180,338,000	177,231,000	168,448,000	153,775,000	164,416,000	161,409,000	150,155,000	151,300,000	143,170,000	139,828,000	123,199,000	102,433,000	113,085,000	97,467,000	90,449,712	75,878,540	80,536,626	79,052,516	63,477,555	57,295,845	65,930,972	61,732,423	69,579,027	76,101,733	78,760,103	82,326,195	83,304,656	84,016,238	82,504,450	85,885,246	86,162,146	89,595,773	92,270,834	91,598,715	80,464,664	73,284,274	95,595,638	96,426,782	62,082,294	58,910,952	45,921,571	56,116,264	55,537,326	51,815,942	41,136,406	42,427,856	40,691,165	46,079,494	44,370,572
property and equipment	336,443,000	330,979,000	283,208,000	271,240,000	259,869,000	247,324,000	235,881,000	215,324,000	209,166,000	200,533,000	186,957,000	179,096,000	172,674,000	169,843,000	164,160,000	157,916,000	149,505,000	138,457,000	128,808,000	119,933,000	112,119,000	105,494,000	102,718,000	45,386,000	43,065,000	43,770,000	42,592,000	40,500,000	41,347,000	37,893,000	35,613,000	34,503,000	31,175,000	31,172,000	31,263,000	29,603,000	26,399,000	24,004,000	22,976,000	22,249,000	22,177,000	21,848,000	19,855,000	18,231,000	17,213,000	17,523,000	17,848,000	17,958,000	18,398,000	19,043,000	19,347,416	20,032,085	21,202,659	21,952,201	22,650,797	24,117,667	25,632,688	26,845,220	29,821,661	31,768,928	34,346,259	35,905,765	33,111,506	34,515,167	39,522,372	38,673,065	35,631,871	31,588,729	28,021,672	27,128,032	26,454,698	26,238,383	24,666,048	23,599,680	22,760,414	21,287,980	21,344,706	20,842,632	20,794,976	21,034,034	21,094,598	21,061,754	21,000,653	20,764,653	18,665,994	3,946,881,000
deferred tax assets	339,546,000	359,803,000	344,803,000	357,417,000	335,742,000	304,282,000	244,317,000	226,801,000	208,861,000	229,513,000	213,831,000	198,581,000	171,122,000	156,866,000	96,355,000	100,548,000	108,840,000	127,193,000	104,169,000	52,387,000	46,403,000	45,770,000	39,773,000	34,142,000	29,433,000	27,688,000
intangible assets	295,069,000	196,972,000	159,048,000	162,588,000	168,834,000	175,157,000	81,748,000	85,571,000	89,419,000	19,539,000	20,324,000	21,837,000	11,270,000	12,158,000	13,039,000	13,934,000	14,399,000	15,470,000	7,426,000	7,870,000	8,642,000	9,448,000	10,260,000	11,146,000	11,929,000	12,771,000	13,528,000	14,424,000	15,067,000	15,935,000	16,956,000	20,442,000	17,496,000	18,823,000	20,758,000	19,334,000	20,256,000	15,218,000	7,116,000	7,228,000	7,431,000	7,588,000	7,812,000	7,085,000	2,965,000	3,115,000	3,107,000	3,219,000	3,264,000	3,317,000	3,360,355	3,332,521	3,287,628	3,317,169	3,332,276	3,336,419	3,239,102	3,224,006	3,183,944	3,145,911	3,135,289	3,090,876	2,920,576	2,863,058	2,801,583	2,765,701	2,624,384	2,570,868	2,497,076	2,447,011	2,253,026	2,112,752	2,025,081	1,925,139	1,816,845	1,735,766	1,698,812	1,532,500	1,492,672	1,421,697	1,334,392	1,340,783	1,315,925	1,298,859	1,286,146	1,122,844,000
goodwill	1,894,376,000	1,370,189,000	773,386,000	762,245,000	755,882,000	756,838,000	308,472,000	307,758,000	308,470,000	57,945,000	57,344,000	57,741,000	44,982,000	44,983,000	44,819,000	45,004,000	43,607,000	43,592,000	25,571,000	25,178,000	25,194,000	25,205,000	25,012,000	24,905,000	24,752,000	25,013,000	24,876,000	24,969,000	25,017,000	24,981,000	25,043,000	24,684,000	14,947,000	14,927,000	14,923,000	13,183,000	13,001,000	10,442,000	8,885,000	9,100,000	9,179,000	9,596,000	9,313,000	7,786,000	2,206,000	2,206,000	2,206,000	2,235,000	2,235,000	2,235,000
long-term notes receivable	1,933,000	6,066,000	2,893,000	1,631,000	3,318,000	3,460,000	2,898,000	3,044,000	2,397,000	2,588,000	4,381,000	5,278,000	4,467,000	5,210,000	8,462,000	8,992,000	10,184,000	11,256,000			18,546,000	22,457,000
long-term contract assets	195,737,000	178,249,000	163,956,000	161,905,000	133,551,000	119,876,000	119,973,000	107,216,000	88,209,000	77,710,000	78,663,000	75,200,000	54,886,000	45,170,000	48,388,000	28,240,000	29,616,000	29,753,000	43,394,000	31,691,000	26,341,000	20,099,000	15,019,000	12,108,000	12,293,000
strategic investments	838,243,000	416,833,000	386,947,000	403,500,000	413,693,000	332,550,000	387,905,000	363,134,000	295,497,000	231,730,000	240,299,000	233,637,000	296,563,000	296,563,000	290,329,000	281,691,000	154,452,000	83,520,000	58,520,000	58,520,000
other long-term assets	421,372,000	428,170,000	326,388,000	266,368,000	235,681,000	237,620,000	190,718,000	227,784,000	212,470,000	220,638,000	194,543,000	177,903,000	168,173,000	159,616,000	110,643,000	100,982,000	98,003,000	98,247,000																																					409,940	294,219	349,326		753,716	716,493	1,007,357	944,346	814,833	838,465	97,320	104,812	116,245	141,656	11,325	14,970	29,828	62,135	80,759	81,203
total assets	7,066,849,000	7,000,313,000	6,657,365,000	6,215,256,000	6,083,159,000	4,474,588,000	4,005,658,000	3,742,370,000	3,616,196,000	3,436,845,000	3,254,183,000	3,077,404,000	3,007,949,000	2,851,894,000	2,010,430,000	1,932,023,000	1,772,454,000	1,688,210,000	1,645,387,000	1,526,888,000	1,404,858,000	1,381,023,000	1,279,149,000	1,232,912,000	877,451,000	845,639,000	792,304,000	746,370,000	739,195,000	719,540,000	681,695,000	642,397,000	392,985,000	338,112,000	327,607,000	316,311,000	299,518,000	278,163,000	252,200,000	228,695,000	237,108,000	229,881,000	213,477,000	212,153,000	195,811,000	185,368,000	164,140,000	149,357,000	164,762,000	148,382,000	128,492,252	113,008,186	117,068,110	116,236,251	102,586,737	97,760,319	107,868,257	104,962,751	117,158,101	125,552,818	131,068,761	136,186,935	135,357,743	137,540,835	135,922,818	138,425,917	137,119,492	133,072,987	131,777,846	130,015,506	127,146,160	125,912,360	137,302,942	137,763,401	128,703,869	119,308,838	112,299,958	119,837,689	128,682,324	126,720,944	112,984,988	112,338,194	109,707,596	110,278,791	108,758,510
liabilities and stockholders’ equity
current liabilities:
accounts payable	175,135,000	139,086,000	114,995,000	118,110,000	97,670,000	71,955,000	75,590,000	104,077,000	82,075,000	88,326,000	90,035,000	72,989,000	65,988,000	59,918,000	50,193,000	60,689,000	49,348,000	32,220,000	27,418,000	7,778,000	19,791,000	24,142,000	22,441,000	40,105,000	31,568,000	25,874,000	14,638,000	9,064,000	9,865,000	15,164,000	8,998,000	9,213,000	11,692,000	8,592,000	12,354,000	17,993,000	15,632,000	10,736,000	8,982,000	8,083,000	9,486,000	7,333,000	6,040,000	7,477,000	7,808,000	7,682,000	6,483,000	5,404,000	7,013,000	6,221,000	5,112,997	5,897,846	4,836,520	6,222,904	4,259,347	3,932,328	3,807,316	4,513,938	5,147,800	4,995,678	4,069,174	4,550,789	4,001,265	4,636,465	2,437,903	6,357,195	7,704,600	5,563,328	4,447,071	3,856,961
accrued liabilities	312,428,000	510,538,000	293,344,000	265,832,000	266,604,000	279,193,000	209,691,000	141,614,000	127,415,000	188,230,000	146,940,000	118,162,000	120,607,000	155,934,000	112,766,000	100,980,000	69,435,000	103,707,000	88,894,000	66,908,000	41,097,000	59,843,000	74,114,000	64,467,000	36,404,000	45,001,000	35,745,000	34,011,000	36,348,000	41,092,000	36,908,000	29,995,000	34,869,000	23,502,000	22,431,000	19,879,000	20,330,000	18,248,000	16,086,000	10,382,000	12,626,000	8,643,000	6,668,000	6,605,000	6,999,000	9,245,000	6,853,000	6,249,000	9,407,000	8,840,000	8,180,852	7,425,604	6,798,624	7,065,085	8,929,766	6,582,285	6,337,302	7,643,004	7,703,524	6,603,304	3,579,765	3,759,800	3,544,053	4,174,424	4,332,895	4,252,577	3,847,560	3,789,887	3,963,962	4,275,907
current portion of deferred revenue	690,419,000	714,708,000	639,087,000	603,417,000	661,116,000	612,955,000	505,008,000	485,869,000	516,404,000	491,691,000	454,891,000	412,212,000	408,061,000	360,037,000	246,446,000	253,185,000	326,627,000	265,591,000	250,651,000	186,909,000	165,086,000	163,959,000	154,731,000	129,518,000	119,827,000	117,864,000	127,160,000	113,351,000	110,063,000	107,016,000	89,637,000	76,583,000	76,141,000	70,401,000	60,453,000	52,562,000	49,909,000	45,137,000	41,284,000	31,668,000	23,948,000	20,851,000	19,628,000	16,249,000	14,628,000	14,020,000	10,033,000	8,231,000	7,414,000	6,878,000	6,317,899	5,371,520	4,764,557	4,287,305	3,898,535	3,573,020	3,500,594	3,317,641	3,154,183	3,023,251	3,292,341	3,265,260	3,303,590	3,176,471	2,889,682	2,819,155	6,267,807			2,510,645				1,694,644				1,037,441				561,165
current portion of notes payable		80,552,000	279,560,000	279,247,000	278,915,000
customer deposits	18,125,000	16,156,000	15,045,000	19,412,000	21,645,000	20,626,000	22,234,000	23,049,000	21,979,000	21,935,000	16,469,000	14,517,000	13,961,000	20,399,000	15,317,000	11,330,000	18,411,000	10,463,000	6,118,000	4,872,000	8,134,000	2,956,000	2,132,000	3,858,000	3,325,000	2,974,000	2,294,000	3,395,000	3,604,000	2,702,000	4,111,000	2,970,000	3,155,000	3,673,000	2,648,000	2,221,000	2,445,000	2,148,000	1,367,000	1,998,000	2,268,000	1,226,000	572,000	1,322,000	647,000	988,000	369,000	388,000	543,000	1,154,000	1,077,622	1,235,186	385,145	500,018	327,640	731,196	516,984	413,314	207,974	276,417	306,470	372,145	231,303	250,133	334,888	355,926	293,510	339,712	344,347	312,686	292,308	259,353	253,926	266,728	397,761	533,419	208,653	171,492	259,351	203,233	238,562	190,256	218,518	209,853	149,812	185,802,000
other current liabilities	12,190,000	9,107,000	7,699,000	11,053,000	10,672,000	12,857,000	10,704,000	11,504,000	9,601,000	9,787,000	9,492,000	7,359,000	7,510,000	6,358,000	6,801,000	6,787,000	6,858,000	6,540,000	6,809,000	6,404,000	5,667,000	5,431,000	5,137,000	4,882,000	3,891,000	3,853,000	3,997,000	3,852,000	3,914,000	37,000	115,000	191,000	348,000	89,000	470,000	469,000	467,000	80,000
total current liabilities	1,208,297,000	1,470,147,000	1,349,730,000	1,297,071,000	1,336,622,000	997,586,000	823,227,000	766,113,000	757,474,000	799,969,000	717,827,000	625,239,000	616,127,000	602,646,000	431,523,000	432,971,000	470,679,000	418,521,000	379,890,000	272,871,000	239,775,000	256,331,000	258,555,000	242,830,000	195,015,000	195,566,000	183,834,000	163,673,000	163,794,000	166,011,000	141,505,000	120,898,000	128,710,000	107,950,000	100,091,000	94,844,000	90,488,000	78,039,000	67,770,000	52,193,000	48,403,000	38,140,000	33,006,000	31,693,000	30,121,000	31,973,000	23,776,000	20,309,000	24,414,000	23,129,000	20,724,915	19,965,160	16,819,316	18,109,259	17,415,288	14,818,829	14,162,196	15,887,897	16,213,481	14,898,650	11,247,750	11,947,994	11,080,211	12,237,493	9,995,368	13,784,853	18,113,477	12,444,307	11,464,234	10,956,199	14,427,784	14,568,400	10,149,986	12,473,616	9,892,479	9,334,635	9,643,195	18,302,688	30,249,927	29,623,727	6,936,830	7,556,321	6,359,383	7,417,390	6,606,802
deferred revenue, net of current portion	362,242,000	359,902,000	364,519,000	329,045,000	348,614,000	360,685,000	305,414,000	291,424,000	293,878,000	281,852,000	270,082,000	265,458,000	250,366,000	248,003,000	313,823,000	269,477,000	140,938,000	185,721,000	111,892,000	113,815,000	116,107,000	111,222,000	87,733,000	83,150,000	91,886,000	87,936,000	82,149,000	74,586,000	74,784,000	74,417,000	69,382,000	61,456,000	58,003,000	54,881,000	51,574,000	47,608,000	41,644,000	40,054,000	35,968,000	35,098,000	31,496,000	30,190,000	26,880,000	22,725,000	22,443,000	21,668,000	19,966,000	15,908,000	14,112,000	13,341,000	12,302,510	10,219,802	9,017,567	7,835,767	6,649,519	5,642,056	4,679,357	4,636,901	4,219,021	3,719,053	4,028,577	4,392,860	4,602,484	4,437,128	4,519,355	4,675,089	4,821,519	4,844,957	5,161,754	4,840,965	3,971,877	3,821,466	3,661,264	3,541,267	3,039,227	2,637,479	2,072,223	1,975,489	1,580,598	1,164,777	977,692	839,983
liability for unrecognized tax benefits	27,238,000	24,376,000	22,354,000	32,112,000	28,510,000	25,007,000	20,342,000	19,008,000	18,610,000	18,049,000	18,938,000	17,812,000	16,198,000	10,745,000	7,317,000	7,692,000	5,162,000	3,797,000	4,580,000	4,550,000	4,697,000	4,503,000	4,406,000	4,445,000	4,173,000	3,832,000	3,443,000	3,462,000	3,156,000	2,849,000	1,805,000	1,918,000	1,810,000	1,706,000	1,763,000	2,179,000	2,030,000	1,896,000	1,332,000	1,508,000	1,411,000	1,315,000	1,198,000	1,152,000	1,645,000	1,471,000	1,409,000	1,865,000		3,122,000				2,902,896				1,982,399				2,281,840				2,264,779
long-term deferred compensation	29,313,000	23,675,000	22,675,000	20,512,000	18,691,000	15,877,000	15,605,000	14,050,000	14,700,000	11,342,000	9,148,000	8,767,000	7,983,000	6,285,000	5,369,000	5,517,000	5,833,000	5,679,000	5,125,000	5,216,000	4,825,000	4,732,000	4,150,000	3,990,000	3,430,000	3,936,000	3,694,000	3,755,000	3,675,000	3,235,000	3,590,000	3,560,000	3,998,000	3,859,000	3,533,000	3,655,000	3,407,000	3,362,000	3,111,000	2,759,000	2,508,000	2,199,000	1,857,000	1,739,000	1,549,000	1,121,000				376,000
long-term lease liabilities	97,182,000	98,942,000	90,209,000	43,638,000	40,016,000	41,383,000	41,223,000	41,705,000	32,546,000	33,550,000	35,329,000	33,987,000	35,045,000	37,143,000	16,311,000	18,210,000	20,112,000
long-term notes payable	1,730,987,000	1,730,170,000	1,729,366,000	1,728,575,000	1,727,797,000
other long-term liabilities	77,477,000	50,443,000	50,762,000	31,903,000	27,056,000	26,096,000	20,528,000	2,552,000	3,078,000	2,936,000	2,960,000	2,843,000	4,511,000	4,613,000	4,773,000	4,504,000	4,593,000	25,832,000	29,842,000	32,360,000	27,866,000	27,331,000	28,592,000	28,237,000	23,015,000	10,520,000	11,537,000	11,967,000	13,247,000	5,704,000	5,751,000	5,520,000	934,000	1,224,000	1,851,000	1,875,000	1,895,000	2,289,000	2,691,000	2,707,000							908,000	760,000	555,000		169,116
total liabilities	3,532,736,000	3,757,655,000	3,629,615,000	3,482,856,000	3,527,306,000	2,146,923,000	1,905,822,000	1,813,530,000	1,798,181,000	1,824,811,000	1,733,066,000	1,632,406,000	1,604,954,000	1,583,403,000	779,117,000	738,372,000	647,665,000	640,361,000	531,484,000	429,189,000	393,954,000	404,768,000	383,996,000	363,099,000	317,861,000	302,144,000	284,657,000	257,443,000	258,656,000	252,216,000	222,033,000	193,555,000	193,656,000	170,668,000	161,527,000	152,850,000	142,128,000	127,275,000	110,872,000	94,265,000	83,882,000	72,877,000	63,991,000	58,268,000	55,777,000	56,262,000	46,098,000	38,890,000	40,976,000	40,035,000	36,347,411	33,343,340	28,891,747	28,951,205	26,271,358	22,473,251	20,836,320	22,507,197	23,071,848	20,897,554	17,559,449	18,622,694	17,944,326	18,874,241	16,770,635	20,724,721	25,070,397	18,917,679	18,294,038	17,489,244	19,456,280	19,598,677	14,957,908	17,126,651	13,699,371	11,986,636	11,734,732	20,509,150	31,873,010	30,842,360	7,979,612	8,472,492	7,090,156	8,068,198	7,227,517
commitments and contingencies
stockholders’ equity:
preferred stock, 0.00001 par value...
common stock, 0.00001 par value...	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000				1,000				661				652
additional paid-in capital	2,619,564,000	2,475,035,000	2,262,306,000	1,964,953,000	1,829,755,000	1,689,781,000	1,588,072,000	1,493,716,000	1,421,080,000	1,347,410,000	1,315,954,000	1,293,089,000	1,262,099,000	1,174,594,000	1,167,218,000	1,139,086,000	1,118,859,000	1,095,229,000	1,147,478,000	1,179,005,000	1,044,724,000	962,159,000	908,584,000	883,609,000	543,305,000	528,272,000	480,747,000	467,904,000	460,146,000	453,400,000	447,933,000	442,717,000	202,344,000	201,672,000	197,978,000	194,221,000	189,710,000	187,656,000	184,937,000	181,943,000	179,630,000	178,143,000	175,766,000	174,015,000	166,275,000	162,641,000	156,729,000	153,806,000	151,461,000	139,424,000	128,623,101	121,349,015	114,623,636	111,661,393	104,525,144	103,342,170	102,370,309	101,597,626	99,699,075	98,965,932	98,088,913	97,122,085	96,744,344	95,726,417	94,806,591	92,839,165	91,553,138	90,483,336	89,088,433	87,663,129	86,612,560	85,886,740	87,403,076	86,911,381	85,957,807	84,429,551	81,371,791	80,629,659	80,427,462	79,683,675	79,203,883	78,742,862	77,603,379	77,473,547	77,302,995	22,249,702,000
treasury stock	-180,164,000	-157,242,000	-155,952,000	-155,947,000	-155,947,000	-155,947,000	-155,947,000	-155,947,000	-155,947,000	-155,947,000	-155,947,000	-155,947,000	-155,947,000	-155,947,000	-155,947,000	-155,947,000	-155,947,000	-155,947,000	-155,947,000	-155,947,000	-155,947,000	-155,947,000	-155,947,000	-155,947,000	-155,947,000	-155,947,000	-155,947,000	-155,947,000	-155,947,000	-155,947,000	-155,947,000	-155,947,000	-155,947,000	-155,947,000	-155,947,000	-155,947,000	-155,947,000	-155,947,000	-155,947,000	-155,947,000	-131,163,000	-122,201,000	-122,201,000	-114,645,000	-114,645,000	-114,645,000	-114,645,000	-111,755,000	-92,203,000	-92,203,000	-92,202,810	-92,202,810	-72,553,558	-67,203,043	-67,203,043	-63,345,644	-47,207,093	-47,207,093	-39,597,054	-27,208,053	-19,769,874	-14,708,237	-14,708,237	-14,708,237	-14,708,237	-14,708,237	-14,708,237	-14,708,237	-14,708,237	-14,708,237	-14,708,237	-14,708,237	-2,208,957	-2,208,957	-2,208,957	-2,208,957	-2,208,957	-2,208,957	-2,208,954
retained earnings	1,105,982,000	936,670,000	933,925,000	936,111,000	899,994,000	812,014,000	676,830,000	605,264,000	564,467,000	431,249,000	373,978,000	314,581,000	302,161,000	257,022,000	227,847,000	215,716,000	164,754,000	109,883,000	123,391,000	74,867,000	121,984,000	169,901,000	144,067,000	144,940,000	175,699,000	172,265,000	184,644,000	178,540,000	177,802,000	171,383,000	169,301,000	163,590,000	155,105,000	123,185,000	125,256,000	124,834,000	122,558,000	118,275,000	111,934,000	108,091,000	104,441,000	100,978,000	95,874,000	94,353,000	88,250,000	81,045,000	75,959,000	68,402,000	64,519,000	61,127,000	55,752,014	50,638,422	46,180,888	42,883,067	39,068,261	35,391,390	31,949,143	28,145,325	34,046,376	32,910,091	35,204,923	35,185,191	35,382,154	37,717,632	39,077,021	39,569,626	35,203,553	38,379,569	39,102,973	39,570,732	35,784,919	35,134,542	37,150,278	35,933,691	31,255,015	25,100,977	21,401,769	20,907,215	18,590,187	16,194,289	25,800,873	25,122,221	25,013,447	24,736,433	24,227,385	5,177,622,000
accumulated other comprehensive loss	-11,270,000	-11,806,000	-12,530,000	-12,718,000	-17,950,000	-18,184,000	-9,120,000	-14,194,000	-11,586,000	-10,679,000	-12,869,000	-6,726,000	-5,319,000	-7,179,000	-7,806,000								-1,552,000	-2,790,000	-3,468,000	-1,096,000	-1,798,000	-1,571,000	-1,463,000	-1,513,000	-1,626,000	-1,519,000	-2,174,000														-2,000			-2,000	-28,147	-120,453	-75,268	-57,032	-75,640	-101,503	-81,074	-80,956	-62,791	-13,353	-15,297	-35,445
total stockholders’ equity	3,534,113,000	3,242,658,000	3,027,750,000	2,732,400,000	2,555,853,000	2,327,665,000	2,099,836,000	1,928,840,000	1,818,015,000	1,612,034,000	1,521,117,000	1,444,998,000	1,402,995,000	1,268,491,000	1,231,313,000	1,193,651,000	1,124,789,000	1,047,849,000	1,113,903,000	1,097,699,000	1,010,904,000	976,255,000	895,153,000	869,813,000	559,590,000	543,495,000	507,647,000	488,927,000	480,539,000	467,324,000	459,662,000	448,842,000	199,329,000	167,444,000	166,080,000	163,461,000	157,390,000	150,888,000	141,328,000	134,430,000	153,226,000	157,004,000	149,486,000	153,885,000	140,034,000	129,106,000	118,042,000	110,467,000	123,786,000	108,347,000	92,144,841	79,664,846	88,176,363	87,285,046	76,315,379	75,287,068	87,031,937	82,455,554	94,086,253	104,655,264	113,509,312	117,564,241	117,413,417	118,666,594	119,152,183	117,701,196	112,049,095	114,155,308	113,483,808	112,526,262	107,689,880	106,313,683	122,345,034	120,636,750	115,004,498	107,322,202	100,565,226	99,328,539	96,809,314	95,878,584	105,005,376	103,865,702	102,617,440	102,210,593	101,530,993	27,427,450,000
total liabilities and stockholders’ equity	7,066,849,000	7,000,313,000	6,657,365,000	6,215,256,000	6,083,159,000	4,474,588,000	4,005,658,000	3,742,370,000	3,616,196,000	3,436,845,000	3,254,183,000	3,077,404,000	3,007,949,000	2,851,894,000	2,010,430,000	1,932,023,000	1,772,454,000	1,688,210,000	1,645,387,000	1,526,888,000	1,404,858,000	1,381,023,000	1,279,149,000	1,232,912,000	877,451,000	845,639,000	792,304,000	746,370,000	739,195,000	719,540,000	681,695,000	642,397,000	392,985,000	338,112,000	327,607,000	316,311,000	299,518,000	278,163,000	252,200,000	228,695,000	237,108,000	229,881,000	213,477,000	212,153,000	195,811,000	185,368,000	164,140,000	149,357,000	164,762,000	148,382,000	128,492,252	113,008,186	117,068,110	116,236,251	102,586,737	97,760,319	107,868,257	104,962,751	117,158,101	125,552,818	131,068,761	136,186,935	135,357,743	137,540,835	135,922,818	138,425,917	137,119,492	133,072,987	131,777,846	130,015,506	127,146,160	125,912,360	137,302,942	137,763,401	128,703,869	119,308,838	112,299,958	119,837,689	128,682,324	126,720,944	112,984,988	112,338,194	109,707,596	110,278,791	108,758,510	31,444,690,000
prepaid expenses and other current assets		277,348,000	216,447,000	197,738,000	155,804,000	130,315,000	117,592,000	122,033,000	123,677,000	112,786,000	103,789,000	101,572,000	142,319,000	73,022,000	68,054,000	61,839,000	67,208,000	56,540,000	52,710,000	45,456,000	43,063,000	36,883,000	35,421,000	42,429,000	34,702,000	34,866,000	41,277,000	36,429,000	33,340,000	30,391,000	30,514,000	26,604,000	21,934,000	21,696,000	23,002,000	22,949,000	15,707,000	13,858,000	13,867,000	14,323,000	10,338,000	8,165,000	6,336,000	10,068,000	4,276,000	4,443,000	5,210,000	8,321,000	9,398,000	5,397,000	4,859,631	6,579,742	3,912,897	2,754,331	2,268,761	2,192,802	2,675,003	2,089,676	1,969,884	3,449,974	3,061,525		2,168,354	3,433,812
convertible notes						680,289,000	679,483,000	678,678,000	677,895,000	677,113,000	676,315,000	675,518,000	674,724,000	673,967,000
long-term investments												15,481,000	31,116,000	156,207,000	28,536,000	24,925,000	17,731,000	31,232,000	49,431,000	48,669,000	78,464,000	90,681,000	120,615,000	129,580,000	50,225,000	45,499,000	41,391,000											234,000	6,260,000	4,594,000	10,009,000	8,525,000	9,171,000	12,377,000	14,713,000	9,296,000	6,411,000	10,918,000	14,674,000	12,023,000	4,580,049	1,875,723																			5,002,858	10,503,668	9,005,785	9,006,493	25,990,004	20,988,796	25,483,105	25,477,574	29,028,942	28,612,203	30,132,073	27,548,120	25,555,785	25,535,643	25,555,325
deferred tax liability											2,467,000	2,782,000		1,000	1,000	1,000	348,000		155,000	377,000	684,000		560,000	447,000	342,000	354,000
accumulated other comprehensive income																-5,205,000	-2,878,000	-1,317,000	-1,020,000	-227,000	142,000	141,000												-1,467,000	-1,208,000	352,000	1,068,000	903,000	403,000	342,000	317,000	83,000	46,000	161,000	153,000	64,000		13,000	8,000
deferred tax liabilities																		811,000				649,000
long-term notes receivable, net of current portion																			12,621,000	17,466,000			22,611,000	26,115,000	27,556,000	31,598,000	33,463,000	35,170,000	36,316,000	40,230,000	38,220,000	37,158,000	34,624,000
other assets																			91,627,000	84,244,000	102,920,000	79,917,000	67,288,000	63,806,000	59,457,000	40,209,000	37,142,000	35,594,000	35,756,000	22,999,000	23,396,000	22,831,000	21,573,000	15,366,000	16,534,000	15,182,000	14,781,000	13,917,000	21,762,000	16,172,000	9,039,000	7,196,000	6,024,000	4,976,000	4,039,000	2,523,000	1,766,000	1,309,000	1,105,000	618,000	357,512	203,122	258,018	308,553				444,933
deferred income tax assets																											23,290,000	20,658,000	18,770,000	19,347,000	18,080,000	15,813,000	14,200,000	15,755,000	22,845,000	20,264,000	20,055,000	19,515,000	16,753,000	15,577,000	14,857,000	13,719,000	5,186,000	5,186,000	5,186,000	5,186,000	7,164,000	7,101,000	7,101,000	7,101,000	9,450,523	9,395,987	9,395,987	9,395,987	7,082,926	6,783,830	8,150,516	9,968,929	8,864,276	8,129,195	6,224,559	6,284,489	9,872,614	9,875,312	8,483,898	8,447,915	9,430,073	9,430,073	9,430,073	9,430,073	7,037,158	7,474,738	15,620,492	15,608,325	16,054,312	16,385,344
current portion of business acquisition contingent consideration																															1,736,000	1,946,000	2,505,000	1,693,000	1,735,000	1,720,000	1,705,000	1,690,000
business acquisition contingent consideration, net of current portion																																203,000	201,000	1,048,000	2,715,000	2,689,000	2,664,000	1,635,000
long-term accounts and notes receivable, net of current portion																																		36,877,000	32,543,000	27,791,000	24,688,000	17,602,000
current portion of notes payable and capital lease payable																																							51,000	62,000	75,000	87,000	98,000
long-term business acquisition contingent consideration																																										952,000	952,000
long-term portion of notes payable and capital lease payable																																									64,000	81,000	98,000
current portion of capital lease payable																																												40,000	39,000	38,000	38,000	37,000	37,000	36,000	35,545	35,004	34,470	33,947
long-term contingent consideration																																												950,000
long-term portion of capital lease payable																																												9,000	19,000	29,000	39,000	48,000	58,000	67,000	76,423	85,515	94,468	103,283
stockholders’ equity
preferred stock, 0.00001 par value per share...
common stock, 0.00001 par value per share...																																															1,000	1,000	1,000		683	672	665		657	655	652		647	647	647	647	647	647	646	642	641	640	639	638	638	638	637	635	633	631	623	622	619	620	620	619	614	613	613
liability for unrecorded tax benefits																																																	1,837,000		3,074,447	3,072,863	2,960,396		2,206,551	2,012,366	1,994,767		2,639,346	2,279,851	2,283,122		2,261,631	2,199,620	2,255,912		2,135,401	1,628,415	1,668,050	1,692,080	1,056,619	1,208,811	1,146,658	1,100,073	754,510
accounts receivable																																																							14,551,275	14,696,073	14,303,273	11,780,135	12,525,734	9,978,838	11,597,028	13,542,535	12,956,799	11,031,429	15,811,319	15,384,993	16,318,653	13,116,452	12,307,122	16,793,553	11,600,310	10,750,184	9,243,876	11,691,553	13,005,969	14,896,802	7,493,522	10,068,049	10,387,944	7,807,840	7,698,490	5,422,027	7,305,378	6,525,683	2,759,096
short term investments																																																									5,333,847		6,175,147	10,775,112	9,785,345
prepaid expenses and other assets																																																														1,999,525				1,461,539
capitalized software																																																															4,209,079	4,310,814
accumulated other comprehensive income/																																																															-5,491	-69,865	-23,838
prepaids and other assets																																																																	3,095,368		1,771,464	2,605,160	1,942,078	2,528,539	1,852,565	1,479,015	2,551,175	4,318,661	2,305,332	1,885,628	2,248,299	2,164,002	2,330,459	1,271,303	1,954,251	2,795,576	1,461,576	1,372,913	1,599,066
current deferred revenue																																																																				2,751,380	2,708,854		2,168,629	2,014,217	1,836,668		1,457,509	1,293,786	1,105,871		930,152	722,590	632,651		482,710
deferred insurance settlement proceeds																																																																									400,043	404,848	485,143	508,114	476,139	509,067	660,824	439,226	442,472	476,515
current portion of capital lease obligations																																																																										19,257	29,330	39,334	45,774	45,214	44,669	44,137	43,617	43,111			1,870	15,223,000
capital lease obligations, net of current portion																																																																										11,695	13,155	14,522	19,314	30,974	42,485	53,856	65,090	76,188				3,655,000
accounts payable and accrued liabilities																																																																							6,766,847	7,094,830	7,659,349	10,088,139	7,522,736	6,959,982	6,056,758	6,789,474	6,604,931	6,464,541	5,579,528	6,285,274	5,658,155	7,207,537	6,455,120	3,522,327,000
litigation judgment accrual																																																																							5,200,000	5,200,000
litigation settlement liabilities																																																																													1,750,000	9,750,000	21,750,000	21,750,000
other liabilities																																																																														199,999
current assets
current deferred income tax assets																																																																											8,827,796	8,667,952
current liabilities
current deferred income tax asset																																																																													9,794,566		8,209,718	8,098,737	7,168,070		5,532,997	10,493,116	8,563,864
deferred income tax asset																																																																													17,851,764	12,295,493	21,828,408	23,837,068	19,287,519	6,955,500	21,144,068	16,600,142	18,880,473	1,137,196,000
insurance settlement proceeds receivable																																																																															4,538,852	4,500,000		575,000
income tax receivable																																																																															66,511	1,754	43,754	44,454	42,376	56,966	52,973	292,321,000
deferred revenue																																																																																			730,773	650,808	620,715
prepaids and other																																																																																						536,815,000
notes payable																																																																																						250,000,000
revolving line of credit
accrued interest																																																																																						112,000
deferred income tax liability																																																																																						40,121,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31

cash flows from operating activities:
net income	2,745,000	-2,186,000	36,117,000	87,980,000	135,184,000	67,835,000	40,797,000	133,218,000	57,271,000	59,397,000	12,420,000	45,139,000	29,175,000	12,131,000	50,962,000	54,871,000	-13,508,000			-47,917,000	25,834,000	-873,000	-30,759,000	4,074,000	-12,379,000	6,104,000	738,000	6,419,000	2,083,000	5,711,000	8,485,000	12,926,000	-2,071,000	422,000	2,276,000	4,580,000	6,341,000	3,843,000	3,650,000	3,463,000	5,104,000	1,521,000	6,103,000	7,205,000	5,086,000	7,557,000	3,884,000	3,391,000	5,375,053	5,113,592	4,457,534	3,297,821	3,814,806	3,676,871	3,442,247	3,803,818	1,136,285	-2,294,832	19,732		-2,335,478	-1,359,389	-492,605		-3,176,016	-723,404	-467,759		650,377	-2,015,736	1,216,587		6,154,038	3,699,208	494,554		2,395,898	-9,606,584	805,979	108,774	277,014	509,048	168,021
adjustments to reconcile net income to net cash from operating activities:
stock-based compensation	208,596,000	146,152,000	139,244,000	140,239,000	130,888,000	101,780,000	74,821,000	75,115,000	35,130,000	29,987,000	31,891,000	34,350,000	31,722,000	28,204,000	21,162,000	25,088,000		35,062,000	137,549,000	89,610,000		26,094,000	33,835,000	20,195,000	48,300,000	13,663,000	8,627,000	7,905,000	6,577,000	6,255,000	4,954,000	4,093,000	4,187,000	4,000,000	3,976,000	3,447,000	2,627,000	2,216,000	2,306,000	2,220,000	2,177,000	1,863,000	1,679,000	1,544,000
loss on strategic investments and marketable securities					-91,059,000	-86,772,000
debt inducement expense	10,284,000	-82,000	0	28,666,000
depreciation and amortization	26,945,000	19,606,000	17,157,000	19,453,000	17,680,000	6,181,000	13,000,000	11,564,000	10,051,000	8,418,000	7,480,000	6,689,000	6,210,000	6,206,000	6,210,000	5,755,000	5,274,000	4,838,000	4,291,000	4,291,000	3,531,000	3,133,000	2,930,000	2,881,000	3,165,000	2,709,000	2,687,000	2,800,000	2,389,000	3,065,000	2,750,000	2,411,000	2,364,000	2,277,000	1,796,000	1,604,000	914,000	901,000	942,000	901,000	981,000	948,000	745,000	617,000	949,000	1,101,000	1,105,000	1,162,000	1,094,663	1,088,071	1,529,507	1,418,759	1,405,261	1,718,546	1,728,933	1,666,510	1,995,032	2,049,488	2,068,092		2,114,897	1,588,171	1,540,157		924,382	769,081	714,806		646,776	641,871	656,879		672,170	601,778	569,324		505,046	526,329	516,740	527,364	479,319	439,278	266,777
provision for bad debts and inventory	2,520,000	2,574,000	2,454,000	3,800,000	6,249,000
deferred income taxes	-28,983,000	16,369,000	-21,297,000	-48,768,000	-58,035,000	-19,306,000	-28,425,000	20,670,000	-19,691,000	-15,706,000	-27,945,000	-9,660,000	-8,259,000	4,299,000	8,021,000	18,029,000	-22,410,000	-52,004,000	-6,291,000	-598,000	-4,858,000	-5,518,000	-4,604,000	-1,548,000	-4,041,000	-2,635,000	-1,888,000	577,000	-1,266,000	-2,268,000	-1,572,000	1,514,000	6,985,000	-2,697,000	-242,000	-1,216,000	-2,495,000	-1,227,000	-724,000	-721,000	1,882,000	-377,000	-40,000	-471,000	-6,264,000	1,952,000	1,509,000	6,401,000	-4,590,841	1,412,649	2,066,798	1,732,394	3,510,258	-299,096	1,366,686	1,818,413	-735,081	-1,904,636	159,930		99,971	-1,391,414	-35,983		-3,408,885	-199,022	-150,161										1,897,679	-5,480,216	540,699	-489,522	-18,987	72,513	-85,556
other noncash items	7,537,000	-3,348,000	9,763,000	9,515,000	7,994,000	9,018,000	3,704,000	461,000	3,462,000
change in assets and liabilities:
receivables and contract assets	-139,507,000	-153,220,000	-139,268,000	-73,565,000	-19,083,000
inventory	-23,774,000	-10,079,000	-31,112,000	-16,986,000	12,236,000	-3,513,000	-7,406,000	-710,000	-12,332,000	-15,979,000	-27,774,000	-15,811,000	-29,720,000	-19,158,000	-32,849,000	-14,260,000	-15,118,000	-1,306,000	-2,368,000	520,000	7,215,000	-16,100,000	-34,641,000	-8,630,000	1,399,000	1,213,000	-3,579,000	-3,936,000	5,771,000	4,525,000	2,100,000	2,408,000	7,328,000	6,694,000	-12,082,000	-13,686,000	-7,864,000	-4,056,000	-2,421,000	-4,327,000	3,177,000	5,207,000	-760,000	-4,484,000	-4,332,000	-1,022,000	-1,867,000	-2,150,000	864,335	800,865	-1,482,542	-893,658	-879,259	-3,325	593,833	226,602	162,282	-220,317	1,264,997		770,171	-1,913,841	-2,883,190		-1,788,843	-1,367,190	3,105,410	17,810,901	2,752,915	-2,632,859	-4,463,957	15,262,736	-1,009,715	323,747	-1,069,768	7,687,672	1,074,082	-609,832	1,106,078	-1,185,257	-52,722	-250,643	-2,071,717
deferred revenue	61,920,000	72,699,000	-84,648,000	33,505,000	98,921,000	68,787,000	-32,810,000	20,743,000	45,749,000	48,408,000	19,687,000	50,199,000	44,531,000	40,587,000	58,563,000	16,037,000	88,057,000	61,911,000	19,428,000	6,219,000	31,040,000	28,875,000	725,000	4,499,000	-4,463,000	21,899,000	3,345,000	3,232,000	22,542,000	21,204,000	3,942,000	6,554,000	13,275,000	11,631,000	8,516,000	6,313,000	7,973,000	10,519,000	11,432,000	4,380,000	4,622,000	7,534,000	1,750,000	1,383,000	5,689,000	5,860,000	2,613,000	1,307,000	1,598,663	3,029,087	1,809,198	1,659,052	1,575,018	1,332,978	1,035,125	225,409	630,900	-578,614	-337,202		292,475	204,562	-85,207		3,492,989	-274,271	518,998		304,823	337,751	262,021		565,471	753,171	165,164		623,383	277,024	209,195
accounts payable, accrued and other liabilities	242,155,000	23,555,000	12,564,000	8,611,000	44,276,000	53,314,000	41,218,000	-84,289,000	50,961,000	49,399,000	1,067,000	-37,043,000	52,073,000	4,115,000	34,149,000	-9,580,000	16,773,000	38,909,000	7,681,000	-18,062,000	-16,479,000	8,657,000	20,270,000	-3,562,000	18,495,000	3,224,000	-9,468,000	-7,284,000	9,200,000	6,994,000	-9,437,000	6,749,000	-2,867,000	-4,568,000	1,210,000	6,264,000	5,018,000	7,488,000	-482,000	5,560,000	4,171,000	-1,949,000	3,565,000	81,000
prepaid expenses and other assets	-147,881,000	-29,133,000	-64,845,000	-22,735,000			-4,254,000	2,000	-37,762,000	-15,318,000	15,058,000	-64,348,000	-34,336,000	-15,183,000	4,386,000	-7,074,000	-11,252,000	-15,586,000	-6,368,000	-6,952,000	-10,063,000	3,729,000	-10,828,000	2,277,000	2,122,000	-6,206,000	-2,609,000	-3,152,000	-658,000	-4,652,000	-5,727,000	-1,702,000	2,254,000	10,223,000	-10,457,000	-11,027,000	-9,496,000	-4,916,000	-10,587,000	-4,070,000	-3,059,000	2,654,000	-6,775,000	-1,399,000		2,626,000	885,000	-4,574,000
net cash from operating activities	217,235,000	60,014,000	-91,704,000	25,794,000	250,166,000	91,321,000	82,763,000	-15,938,000	140,038,000	62,892,000	42,656,000	-56,323,000	131,120,000	40,901,000	19,376,000	43,964,000	12,930,000	16,449,000	34,176,000	60,939,000	34,318,000	11,140,000	-20,392,000	13,415,000	45,809,000	22,440,000	11,394,000	-13,970,000	31,239,000	16,530,000	-1,947,000	18,053,000	24,325,000	6,611,000	-5,837,000	-6,609,000	-4,034,000	11,623,000	3,243,000	7,093,000	16,131,000	19,345,000	-2,039,000	13,008,000	12,794,000	16,676,000	1,652,000	4,310,000	9,339,486	10,863,245	7,703,685	4,519,584	3,259,050	9,873,657	9,721,831	3,662,675											10,526,706	3,506,939	4,931,562	-979,922	659,421	7,241,452	9,599,423						1,962,862				1,407,887
cash flows from investing activities:
purchases of investments	-30,566,000	-251,876,000	-714,693,000	-1,079,169,000	-178,005,000	-201,053,000	-172,904,000	-241,457,000	-118,995,000	-180,944,000	-100,925,000	-145,124,000	-570,232,000	-85,902,000				-124,191,000	-82,463,000	-155,825,000	-139,835,000	-224,090,000	-193,085,000	-99,512,000	-111,784,000	-100,701,000	-36,670,000	-105,322,000	0	0	-3,529,000	-802,000	0	0			-6,770,000	-20,649,000	-8,339,000	-20,328,000	-11,866,000	-11,848,000	-11,887,000	-26,863,000	-9,287,000	-6,301,000	-3,490,000	-13,822,000	-10,662,245	-5,772,975			-6,632	6,634	-997,738	-5,244,295	-704,381	-989,767	-9,785,345										-4,986,229	-12,466,132	-26,435,279		-36,176,564	-28,289,360	-36,357,897		-12,399,154	-29,567,472	-33,520,470	-60,844,349	-11,963,438	-2,509,964	-12,511,725
business combinations, net of cash acquired	-624,066,000	-19,000,000
proceeds from call, maturity, and sale of investments	490,000,000	887,902,000	354,843,000	401,811,000	145,068,000	193,968,000	333,886,000	330,472,000		80,132,000
purchases of property and equipment	-61,808,000	-26,635,000	-22,953,000	-24,862,000	-24,801,000	-26,472,000	-11,318,000	-16,194,000		-13,974,000	-13,137,000	-8,513,000	-11,584,000	-14,371,000	-12,749,000	-17,098,000	-13,385,000	-12,470,000	-13,510,000	-10,521,000	-6,606,000	-58,472,000	-5,342,000	-2,209,000	-3,828,000	-4,250,000	-2,590,000	-5,271,000	-4,259,000	-2,215,000	-3,602,000	-1,063,000	-1,347,000	-3,331,000	-3,398,000	-2,343,000	-1,622,000	-1,371,000	-684,000	-1,280,000	-2,164,000	-2,069,000	-1,346,000	-424,000	-439,000	-844,000	-423,000	-799,000	-608,580	-335,425	-455,906	-383,089	-446,377	-285,307	-325,035	-277,267	-511,321	-334,496	-325,376				-2,310,766		-4,670,810	-3,031,573	-1,588,854		-840,837	-2,172,277	-1,778,076		-2,128,375	-535,516	-1,057,472		-257,371	-456,636	-538,569	-431,381	-1,750,425	-1,964,824	-3,665,590
other	0	-132,000	80,000	3,000	2,582,000
net cash from investing activities	-226,440,000	590,259,000	-386,532,000	-702,217,000	-441,739,000	43,071,000	82,139,000	-174,044,000	53,173,000	-121,953,000	153,930,000	-72,674,000	-528,966,000			-10,348,000	159,144,000	66,966,000	80,569,000	-54,123,000	-56,232,000	-154,083,000	-124,138,000	-22,073,000	-77,812,000	-38,047,000	-14,123,000	-110,755,000	-3,857,000			1,268,000	9,531,000	7,514,000	-7,847,000	9,884,000	-5,330,000	639,000	5,283,000	-3,637,000	-2,716,000	-6,097,000	-10,488,000	-16,708,000	-7,455,000	-2,683,000	-2,135,000	-12,308,000	-9,825,590	-1,232,151	-13,231,366	1,227,107	1,004,365	1,644,865													807,052	850,977	4,481,028	-1,300,814	4,085,809												1,990,806
cash flows from financing activities:
net proceeds from equity offering	127,313,000	178,281,000							0	-101,000	61,156,000	33,650,000	0	0	-3,000	-71,000	-101,000				0	0							0	0
proceeds from issuance of notes	0	0	0	1,750,000,000
proceeds from options exercised					4,859,000				0	0	15,322,000	39,181,000									0	0	267,000	28,000	8,000	2,000	4,000	100,000	1,044,000	127,000	230,000	356,000	128,000	14,000	945,000	296,000	47,000	209,000	192,000	30,000	100,000	20,000	1,948,000	605,000	2,403,000	1,225,000	97,000	7,275,000	5,137,711	6,168,555	3,743,519	307,215											957,836		46,941	10,621	50,269		60,564	88,231	171,229		1,111,751	978,624	479,970		469,094	168,144	99,022	274,874	31,026	157,638	285,965
principal payments for conversion of convertible debt	-201,418,000
payments to third parties for debt issuance, amendment and repurchase activity
income and payroll tax payments for net-settled stock awards	-141,350,000	-16,796,000	-187,800,000	-5,035,000	-35,853,000	-17,430,000	-2,185,000	-2,710,000	-3,818,000	-7,021,000	-62,214,000	-34,841,000	-2,479,000	-72,000	-931,000	-1,388,000	-148,792,000	-172,205,000	-3,267,000	-7,045,000	-923,000	-1,119,000	-577,000	-5,190,000	-783,000	-1,136,000	-873,000	-1,259,000	-2,154,000
net cash from financing activities	-215,559,000	159,163,000	-4,365,000	1,313,226,000	-32,829,000	-7,713,000	-2,185,000	-2,710,000	-3,818,000	-7,122,000	14,264,000	37,990,000	600,565,000	-72,000	-934,000	-1,459,000	-97,279,000	-66,590,000	-3,267,000	-7,045,000	-923,000	-1,119,000	306,469,000	-5,162,000	-775,000	-1,134,000	-869,000	-1,159,000	-2,810,000	-1,039,000	226,627,000	-3,430,000	-2,254,000	-253,000	530,000	-1,877,000	-860,000	719,000	-24,798,000	-9,722,000	174,000	-7,704,000	6,052,000	2,081,000	4,444,000	-1,412,000	-18,724,000	10,852,000	7,779,934	6,302,552	-13,951,585	-3,319,901	5,902,061	-3,523,811							105,149	3,201	957,836				50,269	23,256			171,229			967,392	468,870	839	-1,750,699	157,430	88,430	248,173	31,026	155,768	283,193
effect of exchange rate changes on cash and cash equivalents	2,015,000	-756,000	5,305,000	1,192,000	-6,284,000	2,161,000	-108,000	-1,978,000	3,266,000	-2,007,000	27,000	779,000	3,403,000	-2,873,000	-3,753,000	-157,000	-155,000	-1,508,000	73,000	-392,000	2,279,000	812,000	775,000	-1,890,000									32,000	1,561,000	-782,000	-75,000	275,000	313,000	213,000	105,000	50,000	-11,000	-19,000	100,000
net increase in cash and cash equivalents	-222,749,000	808,680,000	-477,296,000	637,995,000	-230,686,000	128,840,000			192,659,000	-68,190,000	210,877,000	-90,228,000	206,122,000	-65,259,000	-173,749,000	32,000,000	74,640,000	15,317,000			-20,558,000	-143,250,000											31,634,000											-1,519,000				2,862,000	7,265,297			2,453,593	10,161,080			3,048,850										-5,490,723	11,384,027		9,473,154	-14,691,785	4,916,459		6,453,209				413,988	1,152,373	-2,084,450	-781,796	672,082	-1,977,422	3,681,886
cash and cash equivalents and restricted cash, beginning of period	0	0	0	466,763,000	0	0	0	600,670,000	0	0	0	355,552,000	0	0	0	356,438,000	0	0	0	155,551,000	0	0	0	172,355,000
cash and cash equivalents and restricted cash, end of period	-222,749,000	808,680,000	-477,296,000	1,104,758,000	-230,686,000	128,840,000	162,609,000	406,000,000	192,659,000	-68,190,000	210,877,000	265,324,000	206,122,000	-65,259,000	-173,749,000	388,438,000	74,640,000	15,317,000	111,551,000	154,930,000	-20,558,000	-143,250,000	162,714,000	156,645,000
supplemental disclosures:
cash and cash equivalents	-222,724,000	808,375,000	-477,442,000	1,092,938,000	-240,300,000	128,692,000	162,582,000	403,870,000	192,503,000	-68,161,000	210,789,000	263,414,000		-65,104,000	-173,552,000	386,367,000		15,319,000	111,550,000	154,822,000		-143,253,000	162,713,000	156,540,000		-17,169,000	-3,922,000	223,642,000		16,864,000	215,177,000	92,330,000
restricted cash	-25,000	305,000	146,000	11,820,000	9,614,000	148,000	27,000	2,130,000	156,000	-29,000	88,000	1,910,000		-155,000	-197,000	2,071,000		-2,000	1,000	108,000		3,000	1,000	105,000		2,000	5,000	1,568,000		7,000	2,000	2,468,000
total cash, cash equivalents and restricted cash shown in the statements of cash flows	-222,749,000	808,680,000	-477,296,000	1,104,758,000	-230,686,000	128,840,000	162,609,000	406,000,000	192,659,000	-68,190,000	210,877,000	265,324,000		-65,259,000	-173,749,000	388,438,000		15,317,000	111,551,000	154,930,000		-143,250,000	162,714,000	156,645,000		-17,167,000	-3,917,000	225,210,000		16,871,000	215,179,000	94,798,000
cash paid for interest	705,000			498,000																																																																					1,227	1,365	1,500		1,760	1,869	2,021	0	0	15	88
cash paid for income taxes, net of refunds	-487,000	1,992,000	49,562,000	54,000	7,175,000	13,271,000	45,986,000	1,413,000	16,803,000	22,637,000	4,116,000	20,936,000		5,214,000	1,955,000	334,000		-279,000	1,143,000	4,152,000		1,351,000	2,464,000	3,863,000		1,091,000	573,000	758,000		199,000	7,695,000	63,000		2,272,000	9,789,000	145,000		3,037,000	4,738,000	3,533,000
non-cash transactions:
leased assets obtained in exchange for new operating lease liabilities	11,064,000	46,226,000
expense for induced conversion of convertible debt, debt offering and revolver modification	11,976,000	-2,155,000
property and equipment purchases in accounts payable and accrued liabilities	3,858,000	372,000	2,909,000	151,000	-5,057,000	4,915,000	3,893,000	1,406,000	-1,546,000	1,034,000	-380,000	1,130,000		-765,000	1,121,000	888,000		640,000	54,000	517,000		1,304,000	-187,000	617,000		956,000	-237,000	328,000		449,000	529,000	136,000		-795,000	557,000	794,000		55,000	36,000	54,000		-10,000	163,000	42,000
gain on strategic investments and marketable securities		-22,893,000	32,167,000	-143,921,000				-97,419,000
payments to third-parties for debt issuance, amendment and repurchase activity		-2,153,000	-525,000	-24,210,000
taxes withheld on stock-based awards included in accrued expenses
principal payments for induced conversion of convertible debt			0	-407,453,000
non-cash expense for induced conversion of convertible debt, debt offering and revolver modification				34,248,000
net proceeds from issuance of convertible senior notes
proceeds from issuance of warrants
purchase of convertible note hedge
non-cash transactions
non-cash equity issuances related to business combinations
business acquisitions, net of cash acquired						0																													0	-6,479,000					0
realized gain on remeasurement of previously held minority interest
bond amortization							-3,397,000	-4,990,000	-4,378,000	-4,035,000	-4,146,000	-3,890,000	-1,402,000	-362,000	142,000	159,000
noncash lease expense							1,721,000	1,795,000	1,956,000	1,912,000	1,583,000	1,395,000	1,728,000	1,718,000	1,723,000	1,556,000	1,486,000
amortization of debt issuance costs
unrecognized tax benefits							380,000	544,000	473,000	1,435,000	2,012,000	855,000	-44,000	-376,000	2,530,000	1,365,000	-783,000	30,000	-147,000	194,000	98,000	-39,000	271,000	341,000	389,000	-19,000	306,000	307,000	1,045,000	-113,000	108,000	104,000	-57,000	-416,000	148,000	134,000	565,000	-176,000	97,000	96,000	117,000	46,000	-493,000	174,000	1,915,000
accounts and notes receivable and contract assets							-9,381,000	-51,132,000	9,944,000	-80,263,000	-51,774,000	-50,431,000	41,818,000	-34,799,000	-87,742,000	7,495,000	-87,675,000	-114,106,000	-35,286,000	31,298,000	-59,211,000	-39,176,000	325,000	-9,700,000	-8,333,000	-19,491,000	10,988,000	-21,994,000		-26,381,000	-7,731,000	-17,060,000
proceeds from disposal of property and equipment							0	34,000	31,000	64,000			61,000	135,000	4,000	87,000	12,000	-17,000	38,000	10,000	1,000	16,000	0	78,000													2,000	7,000	-3,000	36,000
purchases of intangible assets										-392,000	-62,000	-125,000	-114,000	-89,000	-67,000	-37,000	-235,000	-14,000	-102,000	-41,000	-64,000	-66,000	-66,000	-45,000	-76,000	16,000	-182,000	-162,000	-98,000	-206,000	-220,000	-34,000	-593,000	-261,000	-75,000	-95,000	-3,156,000	-154,000	-87,000	-98,000	-99,000	-201,000	-151,000	-50,000	-58,000	-16,000	-42,000	-67,000	-51,856	-68,951	-98,680	-103,513	-91,120	-85,876	-129,446	-122,541	-97,225	-125,420	-87,856		-95,935	-120,560	-59,493		-15,065	-123,394	-104,094		-178,945	-130,955	-136,500		-97,308	-51,420	-180,238		-79,592	-96,434	-4,624	-37,913	-26,847	-22,495	-16,811
strategic investments							-67,500,000	-9,128,000	0	-6,775,000			-3,750,000	-9,000,000	-61,000,000	-500,000		0	-500,000	-20,000,000
gain on remeasurement of previously held minority interest								-42,292,000
amortization of debt issuance cost								782,000
business acquisition, net of cash acquired								-237,771,000	0	-64,000			0	0
net decrease in cash and cash equivalents								-194,670,000												-621,000				-15,710,000											-13,936,000	1,323,000		13,294,000	-16,059,000	-6,161,000		5,533,000				12,672,000											-3,032,013	-4,089,472	-10,899,589				-8,078,350												-2,700,206
receivables from options exercised												15,165,000
realized and unrealized loss on strategic investments and marketable securities
amortization of issuance costs
proceeds from call / maturity of investments												81,088,000	56,653,000	6,012,000	2,273,000	7,200,000		204,358,000	162,560,000	132,254,000	92,640,000	128,529,000	74,355,000	84,315,000									11,447,000	15,256,000	15,576,000	18,801,000	9,716,000	22,806,000	14,396,000	18,033,000	11,386,000	11,354,000	10,736,000	10,629,000	2,329,000	4,468,000	1,820,000	2,380,000	2,755,000	4,945,000	0	1,680,000
proceeds from sale of strategic investments																	0	0
purchases of property, plant and equipment
purchase of intangible assets
non-cash purchase consideration related to business combinations																														220,000
unrealized loss on strategic investments and marketable securities										-4,036,000
coupon interest expense										-652,000	862,000	863,000
exercise of warrants of strategic investments													0	0
amortization of issuance cost											775,000	756,000
purchase accounting adjustments to goodwill													0	0																			0				0	171,000	-23,000	372,000
loss on disposal and abandonment of intangible assets											8,000	10,000	42,000	20,000	8,000	40,000	16,000	0	119,000	11,000	68,000	139,000	100,000	13,000	16,000	33,000	0	18,000	14,000	2,049,000
loss on disposal and impairment of property, equipment, and other assets											16,000	146,000	3,488,000
gain on insurance recoveries
provision for expected credit losses											313,000	28,000	130,000	386,000	-45,000	228,000			397,000	-335,000	526,000	118,000	-244,000	902,000
unrealized gains on strategic investments and marketable securities												-15,570,000
realized and unrealized gains on strategic investments and marketable securities													-6,445,000	11,338,000
loss on disposal and impairment of property and equipment															83,000	106,000	18,000	31,000	-2,000	45,000	293,000	124,000	788,000	517,000	134,000	845,000	1,321,000	242,000		137,000
net cash provided (used) in investing activities
net unrealized gain on strategic investments and marketable securities																-55,851,000
net gain on strategic investments and marketable securities																	11,160,000
stock-based compensation expense																																														1,437,000	1,507,000	1,177,000	1,434,365	962,994	1,019,300	923,341	1,224,456	849,388	589,608	758,054	693,520	877,007	962,917		912,778	916,626	1,009,594		1,022,862	1,384,283	1,375,036		665,256	410,389	320,468		416,507	329,144	262,163		274,692	311,648	362,000
purchases of investments and marketable securities
proceeds from call, maturity, or sale of investments
purchases of strategic investments
bond premium amortization																													0	4,000	8,000	22,000	63,000	167,000	209,000	218,000	285,000	268,000	337,000	375,000	398,000	426,000	447,000	379,000	282,000	247,000	236,000	192,000	114,745	105,489			741	-7,835	17,175	18,637
benefit from expected credit losses

net loss
realized and unrealized gains on strategic investments
other noncash																			3,145,000	2,615,000	2,876,000	1,977,000	1,440,000	1,156,000	1,005,000	1,101,000	926,000	896,000
investment purchases in accounts payable																							-3,051,000	13,451,000
investments in unconsolidated affiliates
payment of contingent consideration for business acquisitions
investment in unconsolidated affiliate																						0	0	-4,700,000
commission converted to stock-based award
cash and cash equivalents and restricted cash, beginning of year
cash and cash equivalents and restricted cash, end of year
proceeds from maturity/call of investments																										66,888,000
business acquisitions																														24,000
payment of contingent consideration for a business acquisition																														0
effect of exchange rate changes on cash, cash equivalents and restricted cash																										-426,000	-319,000	67,000		157,000	-1,007,000	469,000
net increase in cash, cash equivalents and restricted cash																										-17,167,000	-3,917,000	-125,817,000		16,871,000	215,179,000	16,360,000
cash, cash equivalents and restricted cash, beginning of period																										0	0	351,027,000		0	0	78,438,000
cash, cash equivalents and restricted cash, end of period																										-17,167,000	-3,917,000	225,210,000		16,871,000	215,179,000	94,798,000
gain on disposal and impairment of property and equipment
tax benefit from stock-based compensation																																					-519,000	-831,000
accounts and notes receivable																																	-9,278,000	-21,527,000	-962,000	-3,538,000	-8,020,000	-2,066,000	-1,016,000	-2,195,000	-3,474,000	2,105,000	-4,056,000	9,669,000	-3,635,000	-4,091,000	-2,649,000	1,986,000	-2,417,234	-3,204,742	-83,746	1,294,722
repurchase of common stock																																					0	0	-24,784,000	-8,962,000	0				0	-2,890,000			-233	0	-19,649,252	-5,350,515	0	-3,857,399			-12,389,001	-7,438,167	-5,061,649										0
excess tax benefit from stock-based compensation																																									-622,000	-69,000	-4,566,000	-1,679,000	-2,136,000	-333,000	-793,000	-4,723,000	-2,739,227	-178,198	-1,969,814	-1,909,761
proceeds from maturity of investments																															3,871,000	3,167,000																						2,009,414	1,128,147	5,000,000									0	0	2,500,000		10,487,039	13,468,550	32,435,664
net cash provided (used in) by investing activities
payroll tax payments for net-settled stock awards																															-7,030,000	-3,777,000	-623,000	-258,000	-407,000	-2,165,000	-473,000	-263,000	-292,000	-744,000	-522,000	-201,000	-453,000	-194,000	-85,000	-72,000	-52,000	-1,138,000	-88,033	-35,650	-7,247	-178,070
loss on disposal of property and equipment																																34,000
payments on capital lease obligation																																-9,000	-9,000	-9,000	-8,000	-8,000	-3,000	-10,000	-9,000	-10,000	-52,000	-10,000	-9,000	-9,000	-10,000	-8,000	-10,000	-8,000	-8,738	-8,551	-8,419	-8,292
contingent consideration related to business combinations																																		-19,000	19,000	1,007,000
customer deposits																																	1,024,000	428,000	-225,000	298,000	782,000	-632,000	-269,000	1,041,000	654,000	-750,000	675,000	-341,000	619,000	-19,000	-155,000	-611,000	76,396	-157,564	850,041	-114,873	172,378	-403,556	214,212	103,670	-68,443	-30,053	-65,675		-18,830	-84,755	-21,038		-46,202	-4,635	31,661		32,955	5,427	-12,802		-135,658	324,766	37,161		56,118	-35,329	48,306	-28,263	8,665	60,041	47,647
payments on notes payable																																					2,000	-48,000	-14,000	-15,000
payment of contingent consideration for business acquisition
cash and cash equivalents, beginning of year
cash and cash equivalents, end of year
loss on inventory nonmonetary exchanges																																						57,000
loss on disposal of intangible assets																																					0	7,000
cash and cash equivalents, beginning of period																																		0	0	40,651,000		0	0	59,526,000		0	0	48,367,000		0	0	42,271,000		0	0	36,126,791		0	0	21,300,733	0	0	42,684,241		0	0	45,505,049		0	0	46,880,435		0	0	42,801,461		0	0	18,773,685		0	0	16,351,909	0	0	0	14,757,159
cash and cash equivalents, end of period																																		15,433,000	-13,936,000	41,974,000		13,294,000	-16,059,000	53,365,000		5,533,000	-6,494,000	46,848,000		12,672,000	-19,190,000	45,133,000		15,926,153	-19,501,043	38,580,384		7,995,692	-6,379,564	24,349,583	-3,144,547	-4,092,195	31,811,600		-318,180	3,173,307	37,425,947		-7,359,170	-5,490,723	58,264,462		9,473,154	-14,691,785	47,717,920		6,453,209	4,459,717	16,073,479		413,988	1,152,373	14,267,459	-781,796	672,082	-1,977,422	18,439,045
supplemental disclosure:
gain on disposal of property and equipment																																						57,000	6,000	-23,000
tax shortfall from stock-based compensation
gain on disposals of property and equipment
tax shortfall (benefit) from stock-based compensation																																								21,000
tax (shortfall) benefit from stock-based compensation																																								-21,000
(gain) loss on disposals of property and equipment
loss on disposal of intangibles																																									9,000	51,000	26,000	139,000			46,000	80,000	55,020	1,987	15,493	95,500
proceeds from disposal of fixed assets																																									27,000				0				91	200	0	33,709
(gain) loss on write-down / disposal of property and equipment
loss on write-down / disposal of property and equipment
change in benefit from doubtful accounts
change in benefit from excess and obsolete inventory
change in benefit from warranty expense
cash paid for income taxes																																											4,639,000	209,000
benefit from doubtful accounts																																												44,000		59,000	83,000	1,000						-125,000			7,467	1,422	13,158		0				148
benefit from excess and obsolete inventory																																												181,000	2,137,000	5,000	8,000	7,000	315,816	110,211	122,496	46,477											281,022		231,805	23,940	34,608		325,945	40,531	8,887		0	40,881	15,809		151	0	3,472
(recovery of) benefit from warranty expense																																												-34,000
gain on write-down / disposal of property and equipment
provision (recovery) for doubtful accounts																																																	22,289
benefit from warranty																																													-121,000	91,000	120,000	306,000	357,326	137,822			261,423	167,914	133,170	-35,944	169,766	-51,015	130,901		273,059	236,913	84,224		-111,971	-61,239	142,070		-106,549	85,508	430,143		724,308	314,402	233,827		141,234	68,418	100,707	243,592	3,542	74,941	71,932
prepaid expenses and other current assets
loss on write-down / disposal of intangible assets
accounts payable and accrued liabilities																																														1,577,000	-4,910,000	1,628,000	6,055,274	104,059	1,493,071	-2,093,404	-218,127	2,545,255	296,839	100,483	1,609,569	301,009	-901,005		-1,556,347	1,831,063	-3,990,217		1,972,998	-277,465	136,095		-221,434	-650,027	-2,858,933		-161,554	588,822	-1,166,542		224,156	816,595	-836,833	262,582	-28,651	87,366	-2,931,973
effect of exchange rate change on cash and cash equivalents																																														91,000	17,000	8,000		-7,493	-21,777	26,803		981	-21,028	15,649	-112,534	-2,723	26,948		77,432	-102,229	-752
property and equipment purchases in accounts payable																																														83,000	-39,000	114,000		7,671	-175,495	226,752		-13,787	-59,533	107,488	-464,787
gain on write down / disposal of property and equipment																																															2,000	15,000				-28,960
benefit from unrecognized tax benefits																																															28,000	-1,285,000	47,449	1,584	112,467	57,500	696,345	194,185	17,599	12,368	359,495	-3,271	1,282		62,011				506,986	-39,635	-24,030
cash paid for income taxes—net																																															317,000	50,000		135,216	2,241,883	49,879
loss on impairment																																																									3,353
(gain) loss on write down / disposal of property and equipment																																																	2,160	-200
litigation judgment recovery
prepaids and other assets																																																		1,534,307	-2,642,897	-1,133,644		-208,780	516,196	-524,842	1,283,696	-391,129	-1,201,733		1,088,669	-1,079,589	-1,626,337		859,107	-793,413	589,104		-341,243	1,090,784	1,767,930		-419,704	362,671	-84,297		-1,059,156	107,948	1,416,325	-1,334,000	-88,663	226,153	40,668
recovery for doubtful accounts																																																				-450
provision (recovery) for warranty																																																				168,768
(recovery) benefit from doubtful accounts
litigation judgment
repurchase of stock options
loss on write down / disposal of property and equipment																																																						126,963			69,132
provision / write-off of excess and obsolete inventory																																																						39,351	58,059	139,409	417,799	58,508	270,362		280,445
litigation judgment (recovery) expense
accounts receivable																																																						269,798	-393,281	-2,523,138	-2,555,583	1,621,435	1,925,549		-1,958,486	4,833,328	-449,412		-3,202,349	-812,182	4,486,431	16,712,780	-860,149	-1,506,308	2,447,677	14,629,920	1,890,833	-7,403,280	2,574,527	15,033,917	-2,580,104	-109,350	-2,276,463	1,856,731	-779,695	-3,766,587	5,701,016
proceeds from disposal of capital assets
proceeds from stock options exercised																																																						333,588	382,256	14,629	39,623	0	3,923		7,876
cash paid for income taxes - net
litigation judgment expense																																																							0	-2,200,000													0
loss on disposal of fixed assets																																																								73,226			45,409		48,737	22,510	11,932		2,753	25,923	34,437		16,417	1,355	60,435		0
net cash used by investing activities																																																								-644,103	3,835,073	-1,449,683	-10,198,577		-477,560
net cash provided (used) by financing activities																																																								14,629
cash paid for income taxes — net																																																								135,000			36,000		175,450	103,021	425,511		280,728	156,650	440,685				139,288		69,000
adjustments to reconcile net income to net cash (used) provided by operating activities:
litigation judgment accrual																																																									-1,243
excess tax benefits from stock-based compensation
net cash provided (used) by operating activities																																																									5,482,292	4,798,378	4,356,714																		3,446,168
net cash (used) provided by financing activities																																																									-12,349,378	-7,438,167	-5,057,726
adjustments to reconcile net income to net cash provided (used) by operating activities:
total cash provided by:
operating activities
investing activities
financing activities
increase in cash and cash equivalents
net cash (used) provided by operating activities																																																													-23,201	4,275,985	-6,665,927												-5,483,124						431,688
disposal of capital assets
capital expenditures	-61,808,000	-26,635,000	-22,953,000	-24,862,000	-24,801,000	-26,472,000	-11,318,000	-16,194,000	0	-13,974,000	-13,137,000	-8,513,000	-11,584,000	-14,371,000	-12,749,000	-17,098,000	-13,385,000	-12,470,000	-13,510,000	-10,521,000	-6,606,000	-58,472,000	-5,342,000	-2,209,000	-3,828,000	-4,250,000	-2,590,000	-5,271,000	-4,259,000	-2,215,000	-3,602,000	-1,063,000	-1,347,000	-3,331,000	-3,398,000	-2,343,000	-1,622,000	-1,371,000	-684,000	-1,280,000	-2,164,000	-2,069,000	-1,346,000	-424,000	-439,000	-844,000	-423,000	-799,000	-608,580	-335,425	-455,906	-383,089	-446,377	-285,307	-325,035	-277,267											-1,588,854	0	-840,837	-2,172,277	-1,778,076	0	-2,128,375						-538,569				-3,665,590
free cash flows	155,427,000	33,379,000	-114,657,000	932,000	225,365,000	64,849,000	71,445,000	-32,132,000	140,038,000	48,918,000	29,519,000	-64,836,000	119,536,000	26,530,000	6,627,000	26,866,000	-455,000	3,979,000	20,666,000	50,418,000	27,712,000	-47,332,000	-25,734,000	11,206,000	41,981,000	18,190,000	8,804,000	-19,241,000	26,980,000	14,315,000	-5,549,000	16,990,000	22,978,000	3,280,000	-9,235,000	-8,952,000	-5,656,000	10,252,000	2,559,000	5,813,000	13,967,000	17,276,000	-3,385,000	12,584,000	12,355,000	15,832,000	1,229,000	3,511,000	8,730,906	10,527,820	7,247,779	4,136,495	2,812,673	9,588,350	9,396,796	3,385,408											8,937,852	3,506,939	4,090,725	-3,152,199	-1,118,655	7,241,452	7,471,048						1,424,293				-2,257,703
capital expenditure
liability for unrecorded tax benefits																																																															-8,867
net cash (used) provided by investing activities																																																															-2,370,259
deferred insurance settlement proceeds
deferred tax asset correction																																																																					0
adjustments to reconcile net income to net cash provided (used) for operating activities:
deferred insurance settlement proceeds recognized																																																																					0	-400,043	-4,805		-22,971	31,975	-32,928		-3,402
cash, cash equivalents and short term investments
working capital
benefit from deferred income taxes																																																																							828,891
accrued litigation settlement
payments under capital leases																																																																									-11,371	-11,232	-11,100		-10,839	-10,714	-10,592	-26,701	0	-1,870	-2,772
non cash transactions:
shareholder derivative lawsuit settlement
benefit for deferred income taxes
accrued securities settlement																																																																									0
benefit for deferred income taxes and change in liability for unrecorded tax benefits
insurance settlement proceeds receivable																																																																													-38,852
non cash transactions-common stock issued for shareholder derivative lawsuit settlement
proceeds from sale of investments
net cash provided (used) by investing activities																																																																										927,076	2,314,048		-1,281,481	-3,135,462	-4,135,742		209,368
non cash transactions—
common stock issued for shareholder derivative lawsuit settlement
deferred income tax provision																																																																											517,882
litigation settlement liabilities																																																																											-8,000,000
proceeds from investments																																																																											39,909,655		11,454,636	26,985,080	29,927,921	58,852,014	13,950,078	4,567,624	18,184,932
cash paid (refunded) for income taxes — net																																																																											281,000
income tax receivable																																																																													-64,757	42,000	700	-2,078	14,590
non cash transactions-
increase to deferred tax asset related to tax benefits realized from the exercise of stock options																																																																																	-435,180
increase to property and equipment with a corresponding increase in accounts payable																																																																																	-1,044,887	620,203	500,888
reduction of deferred insurance settlement proceeds																																																																															-34,043
cash (refunded) paid for income taxes — net																																																																															-700
loss on disposal of assets																																																																																0	0
compensatory stock options and warrants
stock option tax benefit																																																																																1,116,020	533,987	291,480	201,072
payments on revolving line of credit
proceeds from warrants exercised
cash (refunded) paid for income taxes
non cash transactions —
property and equipment acquired under capital lease
increase to deferred tax asset related to shares of stock obtained from the exercise of stock options
note payable issued for purchase of intangible assets
compensatory stock options
current deferred revenue
non cash transactions
non cash transactions–
increase to deferred tax asset related to tax benefits, realized from the exercise of stock options																																																																																			965,152
adjustments to reconcile net income to net cash from operating activities —
proceeds from sale of fixed assets
payments under line of credit
noncash investing and financing activities:
fair value of stock options issued for payment of consulting and legal fees

Axon Enterprise(NASDAQ:AXON)

Axon Enterprise
(NASDAQ:AXON)