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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net income $ 445,791 $ 337,337
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 38,270 26,387
Amortization of discount on available-for-sale securities (3,894) (16,684)
Gain on deferred compensation plan investments (8,023) (9,180)
Deferred taxes, net 26,736 (6,598)
Stock-based compensation expense 173,581 149,630
Other (390) 50
Changes in operating assets and liabilities:    
Accounts receivable (69,033) 15,148
Inventories (86,057) (40,535)
Other assets 73,172 57,781
Accounts payable 33,901 44,210
Accrued compensation and related benefits 33,866 24,450
Income tax liabilities 53,684 13,345
Other accrued liabilities 21,688 25,388
Net cash provided by operating activities 733,292 620,729
Cash flows from investing activities:    
Purchases of property and equipment (131,000) (81,316)
Purchases of intangible assets (2,528) (18,175)
Purchases of investments (395,533) (941,451)
Maturities and sales of investments 384,640 779,861
Cash paid for acquisition, net of cash acquired 0 (33,283)
Contributions to deferred compensation plan (1,297) (1,764)
Net cash used in investing activities (145,718) (296,128)
Cash flows from financing activities:    
Property and equipment purchased on extended payment terms (2,106) (2,654)
Proceeds from common stock issued under the employee stock purchase plan 9,220 8,727
Repurchases of common stock (5,703) (14,160)
Dividends and dividend equivalents paid (209,978) (178,766)
Net cash used in financing activities (208,567) (186,853)
Effect of change in exchange rates 10,445 1,552
Net increase in cash, cash equivalents and restricted cash 389,452 139,300
Cash, cash equivalents and restricted cash, beginning of period 691,941 561,181
Cash, cash equivalents and restricted cash, end of period 1,081,393 700,481
Supplemental disclosures for cash flow information:    
Cash paid for income taxes, net 21,968 58,614
Non-cash investing and financing activities:    
Liability accrued for property and equipment purchases 11,701 9,577
Liability accrued for dividends and dividend equivalents $ 78,407 $ 63,922