Volcano Corp

CIK:0001354217|SEC Filings

Financial Statement Details (Effect Of Foreign Exchange Forward Contracts On Consolidated Statements Of Income) (Details) (Foreign Exchange Forward [Member], USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in other comprehensive income on foreign currency forward contracts (effective portion)	$ 4,243	$ (727)	$ 3,585	$ (719)
Gain (loss) reclassified from accumulated other comprehensive income into cost of revenue (effective portion)	16	(44)	313	(44)
Gain (loss) recognized in income (ineffective portion and amount excluded from effectiveness testing)	(10)	43	(50)	11
Not Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in exchange rate gain (loss), net	$ 4,432	$ (996)	$ 3,490	$ 4,880

Condensed Consolidated Statements Of Cash Flows (unaudited) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Operating activities
Net loss	$ (18,622)	$ (14,005)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation and amortization	24,022	18,677
Amortization (accretion) of investment premium (discount), net	2,567	2,305
Accretion of debt discount on convertible senior notes and other liabilities	15,048	14,148
Change in contingent consideration	(4,841)	2,537
Non-cash stock compensation expense	10,721	12,098
Asset impairment related to restructuring	818	4,616
Gain on sale of other long-term investment	(365)	(4,153)
Effect of exchange rate changes and others	682	10,797
Deferred income taxes	2,211	0
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable	665	(3,249)
Inventories	(14,699)	(15,195)
Prepaid expenses and other assets	(16,330)	(16,834)
Accounts payable	(9,669)	(2,599)
Accrued compensation	1,671	(535)
Accrued expenses and other liabilities	25	983
Deferred revenues	486	(550)
Net cash (used in) provided by operating activities	(5,610)	9,041
Investing activities
Purchase of short-term and long-term available-for-sale securities	(161,882)	(342,715)
Sale or maturity of short-term and long-term available-for-sale securities	239,499	247,790
Cash paid related to acquisitions, net of cash acquired	(114,791)	(15,000)
Capital expenditures	(22,854)	(26,533)
Cash paid for intangible assets and other investments	(4,987)	(2,377)
Proceeds from sale of other long-term investments	665	5,654
Net cash used in investing activities	(64,350)	(133,181)
Financing activities
Repayment of capital lease and other liabilities	(179)	(22)
Cash paid for contingent liability related to acquisitions	(16,900)	0
Proceeds from sale of common stock under employee stock purchase plan	3,140	3,576
Proceeds from exercise of common stock options	9,523	2,203
Net cash (used in) provided by financing activities	(4,416)	5,757
Effect of exchange rate changes on cash and cash equivalents	(824)	(846)
Net decrease in cash and cash equivalents	(75,200)	(119,229)
Cash and cash equivalents, beginning of period	107,159	330,635
Cash and cash equivalents, end of period	31,959	211,406
Supplemental disclosures of cash flow information:
Cash paid for interest	4,745	4,542
Cash paid for income taxes	$ 2,185	$ 3,103

Condensed Consolidated Balance Sheets (unaudited) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Current assets:
Cash and cash equivalents	$ 31,959	$ 107,159
Short-term available-for-sale investments	140,894	230,775
Accounts receivable, net	78,755	81,962
Inventories	76,342	60,970
Prepaid expenses and other current assets	34,485	28,525
Total current assets	362,435	509,391
Long-term available-for-sale investments	44,244	34,750
Property and equipment, net	122,077	118,094
Intangible assets, net	124,807	58,108
Goodwill	150,882	55,087
Other non-current assets	60,611	56,489
Total assets	865,056	831,919
Current liabilities:
Accounts payable	11,152	19,137
Accrued compensation	28,168	26,918
Accrued expenses and other current liabilities	27,060	28,453
Deferred revenues	11,203	10,652
Current maturities of convertible senior notes	23,882	0
Contingent consideration	365	3,750
Total current liabilities	101,830	88,910
Convertible senior notes	392,045	401,012
Deferred revenues	4,797	5,079
Contingent consideration, non-current portion	53,379	29,888
Other non-current liabilities	7,727	7,228
Total liabilities	559,778	532,117
Commitments and contingencies
Stockholders’ equity:
Preferred stock, par value of $0.001; 10,000 shares authorized; no shares issued and outstanding at September 30, 2014 and December 31, 2013	0	0
Common stock, par value of $0.001; 250,000 shares authorized at September 30, 2014 and December 31, 2013; 51,603 and 51,530 shares issued and outstanding at September 30, 2014 and December 31, 2013, respectively	52	52
Additional paid-in capital	443,329	420,234
Accumulated other comprehensive loss	(3,085)	(4,088)
Accumulated deficit	(135,018)	(116,396)
Total stockholders’ equity	305,278	299,802
Total liabilities and stockholders’ equity	$ 865,056	$ 831,919