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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 772,020 $ 1,775,888 $ 442,776
Adjustments to reconcile net income to net cash provided by operating activities:      
Deferred taxes 15,455 (1,491,577) 307
Depreciation and amortization 108,729 93,538 78,990
Stock-based compensation 114,336 98,427 88,184
Non-cash operating lease cost 26,807 22,467 18,475
Allowance for doubtful accounts provisions 2,814 12,073 5,853
Arbitration award gain (43,403) 0 0
Impairments on long-lived assets 0 0 28,498
Equity in losses of investee 0 0 7,528
Gain on lease terminations 0 0 (6,792)
Gain from sale of equity method investment 0 0 (15,769)
Other non-cash operating activities 21,549 21,670 24,007
Changes in assets and liabilities, net of effects of acquisition:      
Accounts receivable (262,066) (139,777) (121,014)
Inventories (112,450) (29,110) (58,269)
Prepaid expenses and other assets (124,626) (21,130) (31,529)
Accounts payable 19,747 52,206 22,099
Accrued and other long-term liabilities 158,543 42,168 60,240
Long-term income tax payable 12,449 (2,802) 14,611
Deferred revenues 462,640 228,133 189,075
Net cash provided by operating activities 1,172,544 662,174 747,270
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisition, net of cash acquired (8,002) (420,788) 0
Purchase of property, plant and equipment (401,098) (154,916) (149,707)
Purchase of marketable securities (200,928) (5,341) (693,284)
Proceeds from maturities of marketable securities 498 42,641 290,754
Proceeds from sales of marketable securities 3,114 278,817 194,677
Repayment on unsecured promissory note 4,594 26,925 21,820
Proceeds from arbitration award 43,403 0 0
Other investing activities (5,011) 1,156 (14,704)
Net cash used in investing activities (563,430) (231,506) (350,444)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of common stock 25,623 20,314 17,907
Common stock repurchases (375,038) 0 (399,999)
Payroll taxes paid upon the vesting of equity awards (108,917) (51,122) (57,675)
Purchase of finance lease 0 0 (45,773)
Net cash used in financing activities (458,332) (30,808) (485,540)
Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash (12,117) 10,480 2,282
Net increase (decrease) in cash, cash equivalents, and restricted cash 138,665 410,340 (86,432)
Cash, cash equivalents, and restricted cash at beginning of year 961,474 551,134 637,566
Cash, cash equivalents, and restricted cash at end of the period $ 1,100,139 $ 961,474 $ 551,134