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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income $ 193,226 $ 135,052
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 15,106 11,449
Loss on deferred compensation plan investments 1,588 1,350
Deferred taxes, net (152) 7,170
Stock-based compensation expense 41,098 52,806
Other (696) (748)
Changes in operating assets and liabilities:    
Accounts receivable (46,512) (42,338)
Inventories (54,507) (35,180)
Other assets 17,525 78,005
Accounts payable 29,730 21,296
Accrued compensation and related benefits 12,576 10,609
Income tax liabilities 25,973 21,471
Other accrued liabilities 15,298 (4,555)
Net cash provided by operating activities 250,253 256,387
Cash flows from investing activities:    
Purchases of property and equipment (70,849) (40,342)
Sales of property and equipment 6,422 0
Purchases of investments (161,809) (357,633)
Maturities and sales of investments 14,437 141,065
Contributions to deferred compensation plan (523) (575)
Net cash used in investing activities (212,322) (257,485)
Cash flows from financing activities:    
Property and equipment purchased on extended payment terms (2,697) (1,243)
Proceeds from common stock issued 5,830 5,335
Dividends and dividend equivalents paid (78,399) (60,008)
Net cash used in financing activities (75,266) (55,916)
Effect of change in exchange rates 961 2,555
Net decrease in cash, cash equivalents and restricted cash (36,374) (54,459)
Cash, cash equivalents and restricted cash, beginning of period 1,099,521 691,941
Cash, cash equivalents and restricted cash, end of period 1,063,147 637,482
Reconciliation of cash, cash equivalents, and restricted cash to the condensed consolidated balance sheets:    
Cash and cash equivalents 1,062,930 637,354
Restricted cash included in other long-term assets 217 128
Total cash, cash equivalents, and restricted cash 1,063,147 637,482
Supplemental disclosures for cash flow information:    
Cash paid (refunded) for income taxes, net 31,438 (218)
Non-cash investing and financing activities:    
Liability accrued for property and equipment purchases 11,038 14,611
Liability accrued for dividends and dividend equivalents $ 99,312 $ 75,939