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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income $ 330,469 $ 318,582
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 29,940 28,349
Amortization of premium (discount) on available-for-sale securities (1,591) 3,682
(Gain) loss on deferred compensation plan investments (3,411) 8,607
Gain on sales of equity investment (1,424) 0
Deferred taxes, net 10,927 (1,217)
Stock-based compensation expense 108,603 125,723
Other (23) 97
Changes in operating assets and liabilities:    
Accounts receivable (3,103) (48,608)
Inventories 49,989 (138,241)
Other assets (21,423) (172,050)
Accounts payable 6,915 6,274
Accrued compensation and related benefits (22,355) 45,054
Income tax liabilities (12,797) 5,734
Other accrued liabilities 14,184 12,485
Net cash provided by operating activities 484,900 194,471
Cash flows from investing activities:    
Purchases of property and equipment (43,772) (46,002)
Purchases of investments (492,638) (18,327)
Maturities and sales of investments 328,181 104,991
Contributions to deferred compensation plan, net (4,466) (2,993)
Net cash provided by (used in) investing activities (212,695) 37,669
Cash flows from financing activities:    
Property and equipment purchased on extended payment terms (2,732) (1,587)
Proceeds from common stock issued under the employee equity incentive plan 1,118 4,345
Proceeds from common stock issued under the employee stock purchase plan 7,568 5,877
Dividends and dividend equivalents paid (135,265) (101,564)
Net cash used in financing activities (129,311) (92,929)
Effect of change in exchange rates (10,323) (12,275)
Net increase in cash, cash equivalents and restricted cash 132,571 126,936
Cash, cash equivalents and restricted cash, beginning of period 288,729 189,389
Cash, cash equivalents and restricted cash, end of period 421,300 316,325
Supplemental disclosures for cash flow information:    
Cash paid for income taxes, net 73,678 61,430
Non-cash investing and financing activities:    
Liability accrued for property and equipment purchases 2,893 4,710
Liability accrued for dividends and dividend equivalents $ 52,509 $ 39,672