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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 120,798 $ 17,371
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 27,343 27,983
Non-cash interest expense 1,033 1,043
Amortization of premium on investments 1,652 673
Stock-based compensation 47,833 49,503
Gain on sale of nonfinancial assets, net (108,000) 0
Deferred income taxes 4,800 3,335
Unrealized foreign exchange (gain) loss (6,887) 3,950
Non-cash changes in the fair value of contingent consideration 1,989 2,255
Other 700 (871)
Changes in operating assets and liabilities:    
Accounts receivable, net (54,813) 40,294
Inventory 1,125 (6,425)
Other current assets (8,011) 42,784
Other assets 1,440 1,617
Accounts payable and accrued liabilities (78,143) (72,304)
Other long-term liabilities 1,710 2,304
Net cash (used in) provided by operating activities (45,431) 113,512
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (28,817) (25,507)
Maturities and sales of investments 155,818 194,637
Purchases of available-for-sale securities (147,361) (237,171)
Proceeds from sale of nonfinancial assets 110,000 0
Purchase of intangible assets (1,858) (2,747)
Net cash provided by (used in) investing activities 87,782 (70,788)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercises of awards under equity incentive plans 8,235 5,817
Taxes paid related to net share settlement of equity awards (32,949) (29,097)
Principal repayments of financing leases (566) (1,084)
Net cash used in financing activities (25,280) (24,364)
Effect of exchange rate changes on cash 1,093 (205)
NET INCREASE IN CASH AND CASH EQUIVALENTS 18,164 18,155
Cash and cash equivalents:    
Beginning of period 587,276 649,158
End of period 605,440 667,313
SUPPLEMENTAL CASH FLOW DISCLOSURES:    
Cash paid for income taxes 1,316 2,998
Cash paid for interest 1,422 1,465
SUPPLEMENTAL CASH FLOW DISCLOSURES FOR NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Decrease in accounts payable and accrued liabilities related to fixed assets (2,481) (12,795)
Increase (decrease) in accounts payable and accrued liabilities related to intangible assets $ (637) $ 1,298