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Condensed Consolidated Statements of Cash Flows
$ in Thousands
3 Months Ended
Mar. 31, 2025
USD ($)
Mar. 31, 2024
USD ($)
Cash flows from operating activities:    
Net income $ 72,945 $ 131,066
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation, amortization and accretion 13,626 15,445
Adjustment to the fair value of asset retirement obligation (4,727) 0
Amortization of debt related costs 1,115 1,073
Inventory adjustments (1,378) 2,757
Stock-based compensation 21,198 15,384
Gain on disposal of assets 0 (6,254)
Unrealized loss (gain) on investment in equity securities 14,862 (60,704)
Charges incurred pursuant to acquired in-process research and development 5,413 28,000
Deferred taxes 1,351 11,260
Long-term income tax payable and other long-term liabilities 639 439
Other 822 1,696
Changes in assets and liabilities which provided (used) cash:    
Accounts receivable (26,363) (55,440)
Inventory 278 (8,494)
Other current assets (528) 4,023
Accounts payable 4,982 (3,462)
Accrued expenses and other current and noncurrent liabilities 3,328 50,449
Net cash provided by operating activities 107,563 127,238
Cash flows from investing activities:    
Capital expenditures (8,718) (8,273)
Proceeds from sale of assets 0 8,000
Deposit for acquisition of a business (50,000) 0
Purchases of investment in equity securities (5,000) (78,256)
Acquisition of exclusive license option 0 (28,000)
Net cash used in investing activities (63,718) (106,529)
Cash flows from financing activities:    
Payments on long-term debt and other borrowings (402) (184)
Proceeds from stock option exercises 3,886 934
Proceeds from issuance of common stock 1,983 1,823
Payments for minimum statutory tax withholding related to net share settlement of equity awards (23,686) (19,418)
Net cash used in financing activities (18,219) (16,845)
Effect of foreign exchange rates on cash, cash equivalents and restricted cash 102 770
Net increase in cash, cash equivalents and restricted cash 25,728 4,634
Cash, cash equivalents and restricted cash, beginning of period 914,486 715,285
Cash, cash equivalents and restricted cash, end of period 940,214 719,919
Reconciliation to amounts within the condensed consolidated balance sheets    
Cash and cash equivalents 938,533 718,279
Restricted cash included in other long-term assets 1,681 1,640
Cash, cash equivalents and restricted cash at end of period 940,214 719,919
Schedule of non-cash investing and financing activities    
Additions of property, plant and equipment included in liabilities 5,855 6,853
Lease liability settled through transfer of lease 0 376
Modification of lease agreement 5,789 0
Right-of-use asset obtained in exchange for finance lease obligations $ 150 $ 0