XML 16 R6.htm IDEA: XBRL DOCUMENT v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 395,474 $ 301,916
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 59,119 72,819
Non-cash interest expense 1,969 2,699
Accretion of discount on investments (3,695) (6,619)
Stock-based compensation 134,496 149,652
Gain on sale of nonfinancial assets 0 (10,000)
Impairment of assets and other noncash adjustments 2,967 19,889
Acquired in-process research & development expense 220,963 0
Deferred income taxes 48,125 13,709
Unrealized foreign exchange gain 244 (22,352)
Other (1,704) (1,254)
Changes in operating assets and liabilities:    
Accounts receivable, net (107,378) (130,456)
Inventory (98,796) (29,259)
Other current assets (32,125) (19,939)
Other assets (32,679) (31,839)
Accounts payable and accrued liabilities 119,478 68,019
Other long-term liabilities 21,892 10,229
Net cash provided by operating activities 728,350 387,214
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (62,316) (65,894)
Maturities and sales of investments 294,547 478,436
Purchases of investments (313,262) (352,371)
Proceeds from sale of nonfinancial assets 0 10,000
Purchase of intangible assets (5,569) (11,225)
Acquisition, net of cash acquired (285,193) 0
Other 0 1,141
Net cash provided by (used in) investing activities (371,793) 60,087
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercises of awards under equity incentive plans 7,714 41,415
Taxes paid related to net share settlement of equity awards (53,265) (72,651)
Repayments of convertible debt 0 (494,987)
Other 0 (3,083)
Net cash used in financing activities (45,551) (529,306)
Effect of exchange rate changes on cash (3,740) 2,326
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 307,266 (79,679)
Cash and cash equivalents:    
Beginning of period 942,842 755,127
End of period 1,250,108 675,448
SUPPLEMENTAL CASH FLOW DISCLOSURES:    
Cash paid for interest 3,572 6,654
Cash paid for income taxes 70,208 36,088
SUPPLEMENTAL CASH FLOW DISCLOSURES FOR NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Increase (decrease) in accounts payable and accrued liabilities related to fixed assets 7,014 8,457
Increase (decrease) in accounts payable and accrued liabilities related to intangible assets $ (3,937) $ (9,059)