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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 361,573 $ 772,020 $ 1,775,888
Adjustments to reconcile net income to net cash provided by operating activities:      
Deferred taxes (39,495) 15,455 (1,491,577)
Depreciation and amortization 125,793 108,729 93,538
Stock-based compensation 133,367 114,336 98,427
Non-cash operating lease cost 30,520 26,807 22,467
Arbitration award gain 0 (43,403) 0
Other non-cash operating activities 41,288 24,363 33,743
Changes in assets and liabilities, net of effects of acquisitions:      
Accounts receivable 21,549 (262,066) (139,777)
Inventories (130,097) (112,450) (29,110)
Prepaid expenses and other assets (65,514) (124,626) (21,130)
Accounts payable (36,523) 19,747 52,206
Accrued and other long-term liabilities (121,942) 158,543 42,168
Long-term income tax payable 6,327 12,449 (2,802)
Deferred revenues 241,886 462,640 228,133
Net cash provided by operating activities 568,732 1,172,544 662,174
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisitions, net of cash acquired (12,304) (8,002) (420,788)
Purchase of property, plant and equipment (291,900) (401,098) (154,916)
Purchase of marketable securities (28,002) (200,928) (5,341)
Proceeds from maturities of marketable securities 23,785 498 42,641
Proceeds from sales of marketable securities 97,316 3,114 278,817
Repayment on unsecured promissory note 0 4,594 26,925
Proceeds from arbitration award 0 43,403 0
Other investing activities (2,211) (5,011) 1,156
Net cash used in investing activities (213,316) (563,430) (231,506)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of common stock 26,149 25,623 20,314
Common stock repurchases (435,036) (375,038) 0
Payment for equity forward contract related to accelerated stock repurchase agreement (40,000) 0 0
Payroll taxes paid upon the vesting of equity awards (52,799) (108,917) (51,122)
Net cash used in financing activities (501,686) (458,332) (30,808)
Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash (11,514) (12,117) 10,480
Net (decrease) increase in cash, cash equivalents, and restricted cash (157,784) 138,665 410,340
Cash, cash equivalents, and restricted cash at beginning of year 1,100,139 961,474 551,134
Cash, cash equivalents, and restricted cash at end of the period $ 942,355 $ 1,100,139 $ 961,474