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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income $ 192,907 $ 209,306
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 16,942 19,940
Amortization of premium (discount) on available-for-sale securities (10,040) 56
Gain on deferred compensation plan investments (5,285) (5,022)
Gain on sale of equity investments 0 (1,424)
Deferred taxes, net (5,821) (984)
Stock-based compensation expense 98,232 75,001
Other 77 0
Changes in operating assets and liabilities:    
Accounts receivable 21,951 13,544
Inventories (42,350) 19,847
Other assets 60,590 (4,881)
Accounts payable 30,725 12,653
Accrued compensation and related benefits 8,353 (20,613)
Income tax liabilities 7,459 (14,802)
Other accrued liabilities 15,286 6,371
Net cash provided by operating activities 389,026 308,992
Cash flows from investing activities:    
Purchases of property and equipment (47,498) (16,681)
Cash paid for an assumed lease (18,175) 0
Purchases of investments (589,615) (211,407)
Maturities and sales of investments 420,514 232,206
Cash paid for acquisition, net of cash acquired (33,283) 0
Contributions to deferred compensation plan, net (1,309) (3,855)
Net cash provided by (used in) investing activities (269,366) 263
Cash flows from financing activities:    
Property and equipment purchased on extended payment terms (2,010) (1,192)
Proceeds from common stock issued under the employee equity incentive plan 0 1,114
Proceeds from common stock issued under the employee stock purchase plan 4,606 3,737
Repurchases of common stock (8,626) 0
Dividends and dividend equivalents paid (117,608) (85,863)
Net cash used in financing activities (123,638) (82,204)
Effect of change in exchange rates (6,603) (8,696)
Net increase (decrease) in cash, cash equivalents and restricted cash (10,581) 218,355
Cash, cash equivalents and restricted cash, beginning of period 561,181 288,729
Cash, cash equivalents and restricted cash, end of period 550,600 507,084
Supplemental disclosures for cash flow information:    
Cash paid for income taxes, net 34,064 58,216
Non-cash investing and financing activities:    
Liability accrued for property and equipment purchases 7,488 2,586
Liability accrued for dividends and dividend equivalents $ 62,949 $ 51,037