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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 112,771 $ 93,230
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred taxes 40,644 33,683
Depreciation and amortization 56,548 39,148
Stock-based compensation 40,924 44,997
Non-cash operating lease cost 10,062 9,457
Gain on Assets held for sale (11,699) 0
Fair value adjustment for equity investment (7,724) 0
Other non-cash operating activities 7,309 2,950
Changes in assets and liabilities, net of effects of acquisitions:    
Accounts receivable (40,989) (65,302)
Inventories 9,349 7,396
Prepaid expenses and other assets (44,492) (21,970)
Accounts payable 4,929 8,575
Accrued and other long-term liabilities 5,376 (67,877)
Long-term income tax payable (913) 3,316
Deferred revenues (31,053) (34,927)
Net cash provided by operating activities 151,042 52,676
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions, net of cash acquired (18,963) 0
Purchase of property, plant and equipment (30,785) (25,289)
Investment in convertible notes (31,342) 0
Purchase of equity investments (50,491) 0
Net cash used in investing activities (131,581) (25,289)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 11,718 13,909
Common stock repurchases, net of excise tax (31,195) (201,088)
Payroll taxes paid upon the vesting of equity awards (28,651) (19,577)
Net cash used in financing activities (48,128) (206,756)
Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash (6,387) 8,480
Net decrease in cash, cash equivalents, and restricted cash (35,054) (170,889)
Cash, cash equivalents and restricted cash at beginning of the period 1,096,186 1,044,963
Cash, cash equivalents and restricted cash at end of the period $ 1,061,132 $ 874,074