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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income $ 337,337 $ 330,469
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 26,387 29,940
Amortization of discount on available-for-sale securities (16,684) (1,591)
Gain on deferred compensation plan investments (9,180) (3,411)
Deferred taxes, net (6,598) 10,927
Stock-based compensation expense 149,630 108,603
Other 50 (1,447)
Changes in operating assets and liabilities:    
Accounts receivable 15,148 (3,103)
Inventories (40,535) 49,989
Other assets 57,781 (21,423)
Accounts payable 44,210 6,915
Accrued compensation and related benefits 24,450 (22,355)
Income tax liabilities 13,345 (12,797)
Other accrued liabilities 25,388 14,184
Net cash provided by operating activities 620,729 484,900
Cash flows from investing activities:    
Purchases of property and equipment (81,316) (43,772)
Cash paid for an assumed lease (18,175) 0
Purchases of investments (941,451) (492,638)
Maturities and sales of investments 779,861 328,181
Cash paid for acquisition, net of cash acquired (33,283) 0
Contributions to deferred compensation plan, net (1,764) (4,466)
Net cash used in investing activities (296,128) (212,695)
Cash flows from financing activities:    
Property and equipment purchased on extended payment terms (2,654) (2,732)
Proceeds from common stock issued under the employee equity incentive plan 0 1,118
Proceeds from common stock issued under the employee stock purchase plan 8,727 7,568
Repurchases of common stock (14,160) 0
Dividends and dividend equivalents paid (178,766) (135,265)
Net cash used in financing activities (186,853) (129,311)
Effect of change in exchange rates 1,552 (10,323)
Net increase in cash, cash equivalents and restricted cash 139,300 132,571
Cash, cash equivalents and restricted cash, beginning of period 561,181 288,729
Cash, cash equivalents and restricted cash, end of period 700,481 421,300
Supplemental disclosures for cash flow information:    
Cash paid for income taxes, net 58,614 73,678
Non-cash investing and financing activities:    
Liability accrued for property and equipment purchases 9,577 2,893
Liability accrued for dividends and dividend equivalents $ 63,922 $ 52,509