XML 16 R7.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 928,358 $ 571,358
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and other 39,227 28,012
Stock-based compensation 130,008 100,503
Noncash lease expense 9,154 9,161
Deferred income taxes (130,287) (105,937)
Unrealized gain on equity investments (19,172) (23,413)
Amortization (accretion) of investment premiums (discounts) (11,998) 11,457
Changes in operating assets and liabilities:    
Accounts receivable, net 143,370 (64,335)
Inventories (574,628) (202,052)
Other assets (120,864) (163,692)
Accounts payable 114,905 71,169
Accrued liabilities 70,418 (16,210)
Deferred revenue 43,658 91,201
Income taxes, net 198,100 10,792
Other liabilities (11,676) 221
Net cash provided by operating activities 808,573 318,235
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities of marketable securities 1,265,305 829,714
Proceeds from sale of marketable securities 21,725 165,746
Purchases of marketable securities (1,392,020) (641,979)
Purchases of property and equipment (17,212) (23,744)
Cash paid for business combinations, net of cash acquired 1,799 (145,087)
Investment in notes and privately-held companies (4,250) (11,691)
Net cash provided by (used in) investing activities (124,653) 172,959
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock under equity plans 30,410 22,991
Tax withholding paid on behalf of employees for net share settlement (15,766) (18,802)
Repurchases of common stock (112,279) (619,888)
Net cash used in financing activities (97,635) (615,699)
Effect of exchange rate changes 429 (3,041)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 586,714 (127,546)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH —Beginning of period 675,978 625,050
CASH, CASH EQUIVALENTS AND RESTRICTED CASH —End of period 1,262,692 497,504
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING INFORMATION:    
Right-of-use assets obtained in exchange for lease obligations 17,010 6,022
Property and equipment included in accounts payable and accrued liabilities 5,653 4,520
Common stock issued for business acquisition $ 2,331 $ 4,049