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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:      
Net income $ 1,528,229 $ 1,292,044 $ 830,777
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation, amortization and accretion 529,216 423,498 307,994
Share-based compensation 19,223 28,104 34,219
Deferred income taxes 25,611 (54,754) (60,813)
Gain on sales of businesses, net 0 (1,115) (6,883)
Other, net 44,233 13,342 23,630
Changes in operating assets and liabilities      
Accounts receivable, trade 30,620 (505,336) (304,183)
Inventories 377,718 (276,807) (205,106)
Government grants receivable (151,039) 270,300 (659,745)
Other assets (171,808) (311,363) (215,707)
Income tax receivable and payable (31,814) 47,421 8,656
Accounts payable and accrued expenses 4,677 268,731 79,328
Deferred revenue (189,919) 698 783,207
Other liabilities 42,158 23,236 (13,114)
Net cash provided by operating activities 2,057,105 1,217,999 602,260
Cash flows from investing activities:      
Purchases of property, plant and equipment (869,875) (1,526,076) (1,386,775)
Purchases of marketable securities and restricted marketable securities (1,540,435) (2,516,097) (3,612,801)
Proceeds from sales and maturities of marketable securities 1,653,536 2,491,857 4,563,890
Proceeds from sales of businesses, net of cash and restricted cash sold 0 0 7,680
Acquisitions, net of cash acquired 0 0 (35,739)
Other investing activities (8,394) (12,991) (9,046)
Net cash used in investing activities (765,168) (1,563,307) (472,791)
Cash flows from financing activities:      
Proceeds from borrowings under debt arrangements, net of issuance costs 370,470 258,461 367,983
Repayment of debt (473,363) (205,821) 0
Proceeds from other borrowings 487,323 0 0
Repayments of other borrowings (487,323) 0 0
Payments of tax withholdings for restricted shares (15,525) (20,178) (31,130)
Contingent consideration payment and other financing activities (810) (7,613) 0
Net cash (used in) provided by financing activities (119,228) 24,849 336,853
Effect of exchange rate changes on cash, cash equivalents, restricted cash, and restricted cash equivalents 3,099 (6,387) 5,285
Net increase (decrease) in cash, cash equivalents, restricted cash, and restricted cash equivalents 1,175,808 (326,846) 471,607
Cash, cash equivalents, restricted cash, and restricted cash equivalents, beginning of the period 1,638,223 1,965,069 1,493,462
Cash, cash equivalents, restricted cash, and restricted cash equivalents, end of the period 2,814,031 1,638,223 1,965,069
Supplemental disclosure of noncash investing and financing activities:      
Property, plant and equipment acquisitions funded by liabilities 133,693 185,618 249,455
Proceeds to be received from asset-based government grants 147,732 171,920 152,208
Acquisitions funded by contingent consideration $ 2,200 $ 6,500 $ 18,500