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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income $ 402,424 $ 570,841
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 26,498 23,832
Operating lease cost 47,945 44,067
Share-based compensation 25,463 29,939
Deferred income taxes 0 (176,873)
Other non-cash items [1] 12,568 (2,672)
Changes in operating assets and liabilities, net of acquired assets and assumed liabilities:    
Accounts receivable (166,864) (80,981)
Inventories (139,682) (41,193)
Prepaid expenses and other assets [1] (20,526) (9,936)
Accounts payable, accrued expenses and other liabilities 51,608 30,997
Right-of-use assets and operating lease liabilities (45,824) (37,723)
Income taxes [1] 53,075 4,867
Cash provided by operating activities 246,685 355,165
Cash flows from investing activities:    
Purchases of property, equipment, and software (89,588) (35,758)
Acquisition of HEYDUDE, net of cash acquired (2,046,881) 0
Other [1] (20) (9)
Cash used in investing activities (2,136,489) (35,767)
Cash flows from financing activities:    
Proceeds from notes issuance 0 700,000
Proceeds from borrowings 2,240,677 170,000
Repayments of borrowings (350,285) (350,000)
Deferred debt issuance costs (51,395) (14,491)
Repurchases of common stock 0 (500,000)
Repurchases of common stock for tax withholding (11,439) (18,766)
Other 95 237
Cash provided by (used in) financing activities 1,827,653 (13,020)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (8,821) (3,907)
Net change in cash, cash equivalents, and restricted cash (70,972) 302,471
Cash, cash equivalents, and restricted cash—beginning of period 216,925 139,273
Cash, cash equivalents, and restricted cash—end of period 145,953 441,744
Non-Cash Investing and Financing Activities:    
Accrued purchases of property, equipment, and software 80,098 13,061
Share issuance at Acquisition $ 270,396 $ 0
[1] Amounts for the nine months ended September 30, 2021 have been reclassified to conform to current period presentation.