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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net income $ 287.9 $ 310.2 $ 471.0
Adjustments to reconcile net income to net cash provided by operating activities:      
Share-based compensation expense 290.8 279.4 209.3
Depreciation, amortization, and accretion 156.9 194.7 217.7
Deferred income taxes (222.0) (262.1) (222.5)
Provision for inventory excess and obsolescence 33.3 109.8 36.9
Operating lease assets expense 43.1 40.7 40.3
Gain on divestiture 0.0 0.0 (45.8)
Loss (gain) on privately-held investments, net (0.7) 97.3 (20.4)
Loss from equity method investment 9.6 9.6 4.8
Impairment of assets 5.5 28.0 5.1
Loss (gain) on publicly-traded investments and others (7.5) (4.8) 12.7
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable, net (119.9) 183.4 (232.0)
Inventory 82.8 (484.4) (394.2)
Prepaid expenses and other assets 103.8 182.2 (299.0)
Accounts payable (31.6) (51.9) 67.4
Accrued compensation 70.3 (13.2) (23.1)
Income taxes payable (68.2) (99.6) 21.1
Other accrued liabilities (64.1) (7.5) (3.3)
Deferred revenue 218.1 361.0 251.6
Net cash provided by operating activities 788.1 872.8 97.6
Cash flows from investing activities:      
Purchases of property and equipment (115.5) (159.4) (105.1)
Proceeds from divestiture, net 0.0 0.0 89.1
Purchases of available-for-sale debt securities (600.0) (155.0) (104.1)
Proceeds from sales of available-for-sale debt securities 59.0 31.9 118.2
Proceeds from maturities and redemptions of available-for-sale debt securities 239.2 217.3 390.3
Purchases of equity securities (9.2) (11.6) (16.5)
Proceeds from sales of equity securities 6.2 15.7 47.7
Proceeds from sale of equity method investment 30.0 0.0 0.0
Subsequent payments related to acquisitions in prior years 0.0 (0.7) (14.6)
Funding of loan receivable and other 0.0 (5.8) 2.5
Net cash provided by (used in) investing activities (390.3) (67.6) 407.5
Cash flows from financing activities:      
Repurchase and retirement of common stock [1] 0.0 (385.0) (299.7)
Shares repurchased and retired for tax withholding on vesting of restricted stock [1] (17.9) (12.6) (15.5)
Proceeds from issuance of common stock 73.4 61.9 57.2
Payment of dividends (288.6) (280.8) (270.4)
Payment of debt issuance costs and other 0.4 (2.3) 0.0
Net cash used in financing activities (232.7) (618.8) (528.4)
Effect of foreign currency exchange rates on cash, cash equivalents, and restricted cash (13.6) 0.2 (21.7)
Net increase (decrease) in cash, cash equivalents, and restricted cash 151.5 186.6 (45.0)
Cash, cash equivalents, and restricted cash at beginning of period 1,084.3 897.7 942.7
Cash, cash equivalents, and restricted cash at end of period 1,235.8 1,084.3 897.7
Supplemental disclosures of cash flow information:      
Cash paid for interest 82.6 81.5 67.3
Cash paid for income taxes, net 284.1 400.9 253.2
Non-cash investing activity:      
Equity method investment $ 0.0 $ 0.0 $ 40.3
[1] The prior period amounts have been reclassified to conform to the current period presentation.