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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 1,616,900 $ 321,514
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred taxes (1,502,459) 1,470
Depreciation and amortization 68,769 57,194
Stock-based compensation 73,163 67,687
Non-cash operating lease cost 16,819 13,600
Allowance for doubtful accounts provisions 13,090 4,084
Impairments on equity investments 3,787 3,975
Impairments on long-lived assets 0 28,498
Gain on lease terminations 0 (6,792)
Gain from sale of equity method investment 0 (15,769)
Equity in losses of investee 0 7,528
Other non-cash operating activities 10,402 13,342
Changes in assets and liabilities, net of effects of acquisition:    
Accounts receivable (101,888) (95,566)
Inventories (11,774) (40,775)
Prepaid expenses and other assets (28,251) (14,826)
Accounts payable 21,837 1,343
Accrued and other long-term liabilities (28,343) 31,089
Long-term income tax payable 119 13,425
Deferred revenues 128,585 138,072
Net cash provided by operating activities 280,756 529,093
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition, net of cash acquired (420,788) 0
Purchase of property, plant and equipment (101,757) (107,157)
Purchase of marketable securities (5,341) (588,805)
Proceeds from maturities of marketable securities 42,641 211,829
Proceeds from sales of marketable securities 278,817 194,677
Repayment on unsecured promissory note 17,828 13,185
Other investing activities 1,760 (14,062)
Net cash used in investing activities (186,840) (290,333)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 20,314 17,907
Common stock repurchases 0 (299,504)
Payroll taxes paid upon the vesting of equity awards (48,674) (55,793)
Purchase of finance lease 0 (45,773)
Net cash used in financing activities (28,360) (383,163)
Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash (568) (2,098)
Net increase (decrease) in cash, cash equivalents, and restricted cash 64,988 (146,501)
Cash, cash equivalents, and restricted cash at beginning of the period 551,134 637,566
Cash, cash equivalents, and restricted cash at end of the period $ 616,122 $ 491,065