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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 217,838 $ 201,592
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred taxes (759) 9,506
Depreciation and amortization 79,724 69,112
Stock-based compensation 93,205 85,816
Non-cash operating lease cost 19,457 19,040
Other non-cash operating activities 7,593 2,377
Changes in assets and liabilities, net of effects of acquisitions:    
Accounts receivable (121,406) (146,932)
Inventories 9,044 31,396
Prepaid expenses and other assets (22,701) (80,904)
Accounts payable (7,516) (6,398)
Accrued and other long-term liabilities (35,503) 44,779
Long-term income tax payable 7,092 (12,961)
Deferred revenues (64,742) (27,932)
Net cash provided by operating activities 181,326 188,491
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions, net of cash acquired 0 (77,075)
Purchase of property, plant and equipment (46,768) (62,819)
Proceeds from maturities of marketable securities 0 15,560
Proceeds from sales of marketable securities 0 7,518
Purchase of equity investments (10,000) (75,390)
Other investing activities 0 129
Net cash used in investing activities (56,768) (192,077)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 13,909 14,339
Common stock repurchases, net of excise tax (297,134) (150,012)
Payroll taxes paid upon the vesting of equity awards (19,830) (27,602)
Net cash used in financing activities (303,055) (163,275)
Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash 35,876 (9,196)
Net decrease in cash, cash equivalents, and restricted cash (142,621) (176,057)
Cash, cash equivalents and restricted cash at beginning of the period 1,044,963 938,519
Cash, cash equivalents and restricted cash at end of the period $ 902,342 $ 762,462