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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 218,990 $ 201,971
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred taxes 5,606 3,667
Depreciation and amortization 46,169 24,066
Impairments on long-lived assets 28,498 0
Impairment on equity investment 3,975 0
Gain from sale of equity method investment (15,769) 0
Stock-based compensation 43,511 32,720
Equity in losses of investee 7,528 5,478
Other non-cash operating activities 12,788 4,543
Changes in assets and liabilities:    
Accounts receivable (89,055) (44,266)
Inventories (26,681) (15,586)
Prepaid expenses and other assets (48,949) (9,366)
Accounts payable 1,847 10,743
Accrued and other long-term liabilities 1,321 (53,442)
Long-term income tax payable 9,608 1,610
Deferred revenues 95,174 54,983
Net cash provided by operating activities 294,561 217,121
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property, plant and equipment (80,598) (115,295)
Purchase of marketable securities (353,995) (78,405)
Proceeds from maturities of marketable securities 107,021 207,475
Proceeds from sales of marketable securities 14,456 9,560
Proceeds from Collection of Notes Receivable 6,598 0
Loan repayment from equity investee 0 30,000
Other investing activities (14,502) 668
Net cash (used in) provided by investing activities (321,020) 54,003
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 9,614 8,585
Common stock repurchases (99,504) (100,000)
Employees’ taxes paid upon the vesting of restricted stock units (52,718) (79,330)
Purchase of finance lease (45,773) 0
Net cash used in financing activities (188,381) (170,745)
Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash 1,467 (1,923)
Net (decrease) increase in cash, cash equivalents, and restricted cash (213,373) 98,456
Cash, cash equivalents, and restricted cash at beginning of the period 637,566 450,125
Cash, cash equivalents, and restricted cash at end of the period $ 424,193 $ 548,581