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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 1,473,685 $ 925,357
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and other 56,233 45,169
Stock-based compensation 215,398 165,980
Noncash lease expense 13,615 13,837
Deferred income taxes (217,489) (148,355)
Gain on strategic investments (18,699) (24,121)
Amortization (accretion) of investment premiums (discounts) (22,389) 14,167
Changes in operating assets and liabilities:    
Accounts receivable, net 89,722 (129,947)
Inventories (603,832) (449,792)
Other assets (118,622) (86,895)
Accounts payable 33,740 73,480
Accrued liabilities 117,481 14,690
Deferred revenue 153,505 (1,245)
Income taxes, net 346,170 41,074
Other liabilities (10,968) (1,059)
Net cash provided by operating activities 1,507,550 452,340
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities of marketable securities 1,564,950 1,277,821
Proceeds from sale of marketable securities 49,584 186,782
Purchases of marketable securities (1,934,156) (973,489)
Purchases of property and equipment (28,424) (34,184)
Cash paid for business combinations, net of cash acquired 1,799 (145,087)
Investment in notes and privately-held companies (4,250) (12,691)
Net cash provided by (used in) investing activities (350,497) 299,152
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock under equity plans 53,797 43,073
Tax withholding paid on behalf of employees for net share settlement (23,939) (25,542)
Repurchases of common stock (112,279) (667,470)
Net cash used in financing activities (82,421) (649,939)
Effect of exchange rate changes (934) (6,090)
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 1,073,698 95,463
CASH, CASH EQUIVALENTS AND RESTRICTED CASH —Beginning of period 675,978 625,050
CASH, CASH EQUIVALENTS AND RESTRICTED CASH —End of period 1,749,676 720,513
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING INFORMATION:    
Right-of-use assets obtained in exchange for lease obligations 19,126 7,300
Property and equipment included in accounts payable and accrued liabilities 3,965 5,704
Common stock issued for business acquisition $ 2,331 $ 4,049