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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income $ 318,582 $ 169,352
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 28,349 20,376
Amortization of premium on available-for-sale securities 3,682 3,231
(Gain) loss on deferred compensation plan investments 8,607 (2,640)
Deferred taxes, net (1,217) 1,004
Stock-based compensation expense 125,723 92,282
Other 97 (8)
Accounts receivable (48,608) (13,033)
Inventories (138,241) (50,968)
Other assets (172,050) (14,051)
Accounts payable 6,274 30,032
Accrued compensation and related benefits 45,054 30,030
Income tax liabilities 5,734 4,088
Other accrued liabilities 12,485 22,109
Net cash provided by operating activities 194,471 291,804
Cash flows from investing activities:    
Purchases of property and equipment (46,002) (76,849)
Purchases of short-term investments (16,243) (354,171)
Purchases of long-term investments (2,084) 0
Maturities and sales of short-term investments 104,666 94,192
Sales of long-term investments 325 400
Contributions to deferred compensation plan, net (2,993) (1,917)
Purchases of intangible assets 0 (793)
Net cash provided by (used in) investing activities 37,669 (339,138)
Cash flows from financing activities:    
Property and equipment purchased on extended payment terms (1,587) (2,049)
Proceeds from common stock issued under the employee equity incentive plan 4,345 15,147
Proceeds from common stock issued under the employee stock purchase plan 5,877 4,670
Dividends and dividend equivalents paid (101,564) (80,725)
Net cash used in financing activities (92,929) (62,957)
Effect of change in exchange rates (12,275) 1,431
Net increase (decrease) in cash, cash equivalents and restricted cash 126,936 (108,860)
Cash, cash equivalents and restricted cash, beginning of period 189,389 335,071
Cash, cash equivalents and restricted cash, end of period 316,325 226,211
Supplemental disclosures for cash flow information:    
Cash paid for taxes 61,430 16,217
Non-cash investing and financing activities:    
Liability accrued for property and equipment purchases 4,710 7,144
Liability accrued for dividends and dividend equivalents $ 39,672 $ 31,911