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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income $ 450,524 $ 270,061
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 32,173 24,569
Amortization of discount on available-for-sale securities (484) (2,885)
Gain on deferred compensation plan investments (7,343) (4,230)
Deferred taxes, net (125) 14,496
Stock-based compensation expense 94,282 112,904
Other (1,102) 29
Changes in operating assets and liabilities:    
Accounts receivable (88,002) (22,264)
Inventories (111,194) (71,018)
Other assets 17,320 83,395
Accounts payable 33,276 36,627
Accrued compensation and related benefits 6,983 15,584
Income tax liabilities 32,640 33,798
Other accrued liabilities 19,211 2,958
Net cash provided by operating activities 478,159 494,024
Cash flows from investing activities:    
Purchases of property and equipment (153,272) (88,485)
Purchases of investments (263,797) (393,010)
Maturities and sales of investments 14,591 211,227
Other 5,621 (3,015)
Net cash used in investing activities (396,857) (273,283)
Cash flows from financing activities:    
Property and equipment purchased on extended payment terms (897) (1,902)
Proceeds from common stock issued 5,830 5,335
Repurchases of common stock (4,048) (3,687)
Dividends and dividend equivalents paid (179,496) (135,073)
Net cash used in financing activities (178,611) (135,327)
Effect of change in exchange rates 3,591 10,169
Net increase (decrease) in cash, cash equivalents and restricted cash (93,718) 95,583
Cash, cash equivalents and restricted cash, beginning of period 1,099,521 691,941
Cash, cash equivalents and restricted cash, end of period 1,005,803 787,524
Reconciliation of cash, cash equivalents, and restricted cash to the condensed consolidated balance sheets:    
Cash and cash equivalents 1,005,587 787,382
Restricted cash included in other long-term assets 216 142
Total cash, cash equivalents, and restricted cash 1,005,803 787,524
Supplemental disclosures for cash flow information:    
Cash paid for income taxes, net 88,705 17,007
Non-cash investing and financing activities:    
Liability accrued for property and equipment purchases 26,997 6,108
Liability accrued for dividends and dividend equivalents $ 100,326 $ 77,193