XML 17 R7.htm IDEA: XBRL DOCUMENT v3.25.3
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 (loss) $ (186,363) $ 581,162
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 58,337 51,890
Operating lease cost 76,614 62,209
Share-based compensation 28,512 24,377
Asset impairment 738,115 24,081
Deferred taxes [1] 17,057 13,231
Other non-cash items [1] 6,059 12,882
Changes in operating assets and liabilities, net of acquired assets and assumed liabilities:    
Accounts receivable (65,052) (58,510)
Inventories (40,165) 17,983
Prepaid expenses and other assets (17,372) (9,356)
Accounts payable, accrued expenses and other liabilities (68,459) (32,847)
Right-of-use assets and operating lease liabilities (77,580) (64,495)
Income taxes (11,802) 47,942
Cash provided by operating activities 457,901 670,549
Cash flows from investing activities:    
Purchases of property, equipment, and software (45,120) (50,857)
Cash used in investing activities (45,120) (50,857)
Cash flows from financing activities:    
Proceeds from borrowings 626,000 78,156
Repayments of borrowings (664,000) (326,405)
Repurchases of common stock, including excise tax (402,153) (326,185)
Repurchases of common stock for tax withholding (4,245) (8,235)
Other 0 (1,004)
Cash used in financing activities (444,398) (583,673)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 5,462 429
Net change in cash, cash equivalents, and restricted cash (26,155) 36,448
Cash, cash equivalents, and restricted cash—beginning of period 183,678 153,097
Cash, cash equivalents, and restricted cash—end of period $ 157,523 $ 189,545
[1] Amounts for the nine months ended September 30, 2024, have been reclassified to conform to current period presentation.