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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities      
Net income $ 50,842 $ 230,648 $ 339,255
Adjustments to reconcile net income to net cash provided by operating activities, net of effects of acquisitions      
Depreciation 120,637 122,048 112,149
Amortization of intangible assets 16,499 15,282 15,610
Amortization of debt-issuance costs 302 1,117 950
Share-based compensation expense 22,767 30,911 36,287
Deferred income taxes (1,001) (13,349) (39,225)
Investment (gain) loss 267 (19,398) 16,225
(Gain) on disposal of property, plant, and equipment (7,641) (2,045) (3,626)
Interest income form forwards and collars (10,409) (4,304) 0
Other (2,341) (2,409) (4,016)
Changes in operating assets:      
Change in accounts receivable 47,276 (2,611) (20,163)
Change in inventory (87,497) (28,947) (29,675)
Change in other operating assets 3,478 (17,971) 1,847
Changes in operating liabilities:      
Change in accounts payable (23,436) (2,165) (50,076)
Change in accrued liabilities (3,144) (17,749) 31,760
Change in income tax payable 12,408 (9,307) (8,333)
Change in unrealized tax benefit liability (15,312) 2,942 1,922
Change in other operating liabilities (4,260) (1,779) (8,390)
Net cash and cash equivalents from operating activities 119,435 280,914 392,501
Cash flows from investing activities      
Acquisitions, net of cash received (56,661) (3) (83,979)
Proceeds from disposal of wafer fabrication facility 0 6,292 19,270
Receipt of cash for termination of cross currency swap 0 374 9,429
Receipt of government grants 8,659 471 272
Receipt of insurance recovery 4,725 1,413 6,067
Purchases of property, plant and equipment (73,024) (150,769) (211,728)
Proceeds from sales of property, plant and equipment 816 2,769 418
Proceeds from short-term investments 16,360 6,157 8,002
Purchases of short-term investments (14,026) (9,323) (9,361)
Purchases of equity securities 0 (17,901) (4,051)
Other (4,889) 2,198 398
Net cash and cash equivalents from investing activities (118,040) (158,322) (265,263)
Cash flows from financing activities      
Advances on lines of credit and short-term debt 90,766 29,036 114,291
Repayments on lines of credit and short-term debt (98,354) (24,509) (93,498)
Proceeds from long-term debt 6,439 25,204 372,751
Repayments of long-term debt (6,458) (154,019) (505,746)
Debt issuance costs (188) (948) (134)
Repayment of and proceeds from finance lease obligation (64) (115) (69)
Taxes paid related to net share settlement (9,561) (15,637) (12,300)
Net changes in noncontrolling interests (2,079) (3,647) (1,160)
Other 155 (88) 152
Net cash and cash equivalents from financing activities (19,344) (144,723) (125,713)
Effect of exchange rate changes on cash and cash equivalents 14,190 (485) (27,244)
Change in cash and cash equivalents, including restricted cash (3,759) (22,616) (25,719)
Cash and cash equivalents, beginning of period, including restricted cash 318,483 341,099 366,818
Cash and cash equivalents, end of period, including restricted cash 314,724 318,483 341,099
Supplemental Cash Flow Information      
Interest paid during the period 2,035 4,607 7,355
Taxes paid during the period 21,534 97,668 88,687
Non-cash investing and financing activities:      
Accounts payable balance related to the purchase of property, plant and equipment 13,065 14,602 30,486
Dividend payable balance to noncontrolling interests $ 0 $ 100 $ 0