XML 12 R6.htm IDEA: XBRL DOCUMENT v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
shares in Thousands, $ in Thousands
Total
Common Stock
Additional Paid-in Capital
Retained Earnings
Balance at Dec. 31, 2023 $ 4,732,351 $ 1,219 $ 4,270,948 $ 460,184
Balance, shares at Dec. 31, 2023   121,857    
Vesting of restricted stock units   $ 4 (4)  
Vesting of restricted stock units, shares   438    
Stock-based compensation expense 16,900   16,900  
Repurchase of common stock [1] $ (19,600) $ (1)   (19,599)
Repurchase of common stock, shares (100) (97) [1]    
Exercise of stock options $ 151   151  
Exercise of stock options, shares   21    
Shares withheld for restricted stock units vested (31,876) $ (3) (31,873)  
Shares withheld for restricted stock units vested, shares   (169)    
Net income 258,781     258,781
Balance at Mar. 31, 2024 4,956,708 $ 1,220 4,256,122 699,366
Balance, shares at Mar. 31, 2024   122,049    
Balance at Dec. 31, 2023 4,732,351 $ 1,219 4,270,948 460,184
Balance, shares at Dec. 31, 2023   121,857    
Net income 602,871      
Balance at Jun. 30, 2024 4,304,642 $ 1,164 4,249,572 53,906
Balance, shares at Jun. 30, 2024   116,451    
Balance at Mar. 31, 2024 4,956,708 $ 1,220 4,256,122 699,366
Balance, shares at Mar. 31, 2024   122,049    
Vesting of restricted stock units   $ 3 (3)  
Vesting of restricted stock units, shares   351    
Stock-based compensation expense 16,726   16,726  
Repurchase of common stock [1] $ (989,608) $ (58)   (989,550)
Repurchase of common stock, shares (5,800) (5,821) [1]    
Exercise of stock options $ 28   28  
Exercise of stock options, shares   2    
Shares withheld for restricted stock units vested (23,302) $ (1) (23,301)  
Shares withheld for restricted stock units vested, shares   (130)    
Net income 344,090     344,090
Balance at Jun. 30, 2024 4,304,642 $ 1,164 4,249,572 53,906
Balance, shares at Jun. 30, 2024   116,451    
Balance at Dec. 31, 2024 $ 4,296,470 $ 1,136 4,271,269 24,065
Balance, shares at Dec. 31, 2024 113,578 113,578    
Vesting of restricted stock units   $ 4 (4)  
Vesting of restricted stock units, shares   376    
Stock-based compensation expense $ 14,238   14,238  
Repurchase of common stock [2] $ (12,750) $ (1)   (12,749)
Repurchase of common stock, shares (100) (97) [2]    
Exercise of stock options $ 77   77  
Exercise of stock options, shares   9    
Shares withheld for restricted stock units vested (20,179) $ (2) (20,177)  
Shares withheld for restricted stock units vested, shares   (140)    
Net income 96,304     96,304
Balance at Mar. 31, 2025 4,374,160 $ 1,137 4,265,403 107,620
Balance, shares at Mar. 31, 2025   113,726    
Balance at Dec. 31, 2024 $ 4,296,470 $ 1,136 4,271,269 24,065
Balance, shares at Dec. 31, 2024 113,578 113,578    
Net income $ 281,335      
Balance at Jun. 30, 2025 $ 4,178,092 $ 1,105 4,176,987  
Balance, shares at Jun. 30, 2025 110,537 110,537    
Balance at Mar. 31, 2025 $ 4,374,160 $ 1,137 4,265,403 107,620
Balance, shares at Mar. 31, 2025   113,726    
Vesting of restricted stock units   $ 2 (2)  
Vesting of restricted stock units, shares   166    
Stock-based compensation expense 16,160   16,160  
Repurchase of common stock [2] $ (390,856) $ (33) (98,172) (292,651)
Repurchase of common stock, shares (3,300) (3,305) [2]    
Exercise of stock options $ 69   69  
Exercise of stock options, shares   5    
Shares withheld for restricted stock units vested (6,472) $ (1) (6,471)  
Shares withheld for restricted stock units vested, shares   (55)    
Net income 185,031     $ 185,031
Balance at Jun. 30, 2025 $ 4,178,092 $ 1,105 $ 4,176,987  
Balance, shares at Jun. 30, 2025 110,537 110,537    
[1] During the three months ended March 31, 2024, and the three months ended June 30, 2024, we repurchased and retired 0.1 million shares and 5.8 million shares of our common stock for $19.6 million and $989.6 million, inclusive of applicable fees and taxes, at an average price of $202.67 and $170.01 per share, respectively.
[2] During the three months ended March 31, 2025, and the three months ended June 30, 2025, we repurchased and retired 0.1 million shares and 3.3 million shares of our common stock for $12.8 million and $390.9 million, inclusive of applicable fees and taxes, at an average price of $131.51 and $118.27 per share, respectively.
3.
The amounts paid in excess of par have been allocated to additional paid-in capital upon depleting retained earnings.