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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 147,270 $ 141,810
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 77,525 77,416
Non-cash interest expense 3,198 3,089
Amortization of premium (accretion of discount) on investments (6,781) 3,741
Stock-based compensation 152,244 149,574
Gain on sale of nonfinancial assets, net 0 (108,000)
Loss on equity investment 12,650 0
Deferred income taxes (20,137) (743)
Unrealized foreign exchange loss (gain) 5,454 (16,075)
Non-cash changes in the fair value of contingent consideration 0 2,243
Other (224) (700)
Changes in operating assets and liabilities:    
Accounts receivable, net (131,940) (53,752)
Inventory (97,948) (27,419)
Other current assets (59,389) (8,558)
Other assets (20,812) 12,140
Accounts payable and other short-term liabilities 56,333 (2,398)
Other long-term liabilities 14,333 (3,252)
Net cash provided by operating activities 131,776 169,116
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (67,774) (85,271)
Maturities and sales of investments 751,677 477,244
Purchases of investments (727,043) (457,382)
Proceeds from sale of nonfinancial assets 0 110,000
Purchase of intangible assets (3,141) (9,910)
Net cash provided by (used in) investing activities (46,281) 34,681
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercises of awards under equity incentive plans 54,548 43,866
Taxes paid related to net share settlement of equity awards (72,399) (50,696)
Payments of contingent consideration (9,475) (21,054)
Principal repayments of financing leases (2,241) (1,635)
Net cash used in financing activities (29,567) (29,519)
Effect of exchange rate changes on cash 4,955 (39)
NET INCREASE IN CASH AND CASH EQUIVALENTS 60,883 174,239
Cash and cash equivalents:    
Beginning of period 724,531 587,276
End of period 785,414 761,515
SUPPLEMENTAL CASH FLOW DISCLOSURES:    
Cash paid for interest 6,640 6,575
Cash paid for income taxes 51,687 13,425
SUPPLEMENTAL CASH FLOW DISCLOSURES FOR NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Increase (decrease) in accounts payable and accrued liabilities related to fixed assets 7,977 (5,240)
Increase (decrease) in accounts payable and accrued liabilities related to intangible assets $ 6,449 $ (224)