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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 148,462 $ 30,312
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 52,614 55,214
Non-cash interest expense 2,062 2,082
Amortization of premium on investments 3,070 1,878
Stock-based compensation 94,911 104,346
Gain on sale of nonfinancial assets, net (108,000) 0
Deferred income taxes 3,455 1,204
Unrealized foreign exchange gain (12,333) (1,004)
Non-cash changes in the fair value of contingent consideration 1,338 4,488
Other (18) (376)
Changes in operating assets and liabilities:    
Accounts receivable, net (92,562) 17,420
Inventory (1,431) 6,379
Other current assets (12,001) 34,331
Other assets 9,149 321
Accounts payable and other short-term liabilities (76,345) (60,884)
Other long-term liabilities (1,576) 585
Net cash provided by operating activities 10,795 196,296
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (55,971) (48,106)
Maturities and sales of investments 311,598 348,941
Purchases of investments (304,805) (484,572)
Proceeds from sale of nonfinancial assets 110,000 0
Purchase of intangible assets (2,739) (6,400)
Other 0 (908)
Net cash provided by (used in) investing activities 58,083 (191,045)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercises of awards under equity incentive plans 29,493 27,640
Taxes paid related to net share settlement of equity awards (44,377) (38,731)
Payment of contingent consideration (21,054) 0
Principal repayments of financing leases (1,122) (1,941)
Other 0 (381)
Net cash used in financing activities (37,060) (13,413)
Effect of exchange rate changes on cash 708 537
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 32,526 (7,625)
Cash and cash equivalents:    
Beginning of period 587,276 649,158
End of period 619,802 641,533
SUPPLEMENTAL CASH FLOW DISCLOSURES:    
Cash paid for income taxes 11,821 10,159
Cash paid for interest 5,137 5,195
SUPPLEMENTAL CASH FLOW DISCLOSURES FOR NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Increase (decrease) in accounts payable and accrued liabilities related to fixed assets 1,012 (9,393)
Increase in accounts payable and accrued liabilities related to intangible assets $ 6,563 $ 1,397