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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 321,039 $ 319,798
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred taxes (22,749) 6,765
Depreciation and amortization 108,669 92,096
Stock-based compensation 115,197 98,679
Non-cash operating lease cost 24,034 22,756
Impairment of equity investment 3,329 0
Other non-cash operating activities 28,435 26,216
Changes in assets and liabilities, net of effects of acquisitions:    
Accounts receivable (80,297) 32,284
Inventories 31,639 (108,524)
Prepaid expenses and other assets 1,773 (32,440)
Accounts payable (23,130) (27,100)
Accrued and other long-term liabilities 156,024 (213,378)
Long-term income tax payable (7,979) 9,019
Deferred revenues 82,894 197,854
Net cash provided by operating activities 738,878 424,025
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions, net of cash acquired 0 (12,304)
Purchase of property, plant and equipment (144,302) (238,696)
Purchase of marketable securities (2,373) (20,466)
Proceeds from maturities of marketable securities 35,754 22,456
Proceeds from sales of marketable securities 5,173 93,647
Purchase of equity investments (76,999) 0
Other investing activities 128 (2,143)
Net cash used in investing activities (182,619) (157,506)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 26,595 26,149
Common stock repurchases (292,360) (275,036)
Payments for equity forward contracts related to accelerated share repurchase agreements 40,000 0
Payroll taxes paid upon the vesting of equity awards (22,294) (52,611)
Net cash used in financing activities (248,059) (301,498)
Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash (11,205) (20,422)
Net increase (decrease) in cash, cash equivalents, and restricted cash 296,995 (55,401)
Cash, cash equivalents, and restricted cash at beginning of the period 942,355 1,100,139
Cash, cash equivalents, and restricted cash at end of the period $ 1,239,350 $ 1,044,738