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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash Flows from Operating Activities:      
Net income $ 570,582 $ 633,125 $ 408,375
Adjustments to reconcile net income to net cash provided by operating activities:      
Total depreciation and amortization expense 195,081 170,343 153,472
Amortization of intangible assets and deferred proceeds, net 23,449 23,448 23,494
Fair value adjustment of acquisition related contingent consideration 131,901 59,166 159,354
Deferred income taxes 13,704 2,529 (49,021)
Amortization of debt costs 3,346 2,310 991
Loss on sale of property, plant and equipment 644 3,168 7,181
Pension plan settlement expense 0 0 112,796
Change in current assets less current liabilities 10,551 (3,774) 29,138
Change in other noncurrent assets 7,054 8,904 12,708
Change in other noncurrent liabilities (24,408) (22,862) (47,798)
Total adjustments 361,322 243,232 402,315
Net cash provided by operating activities 931,904 876,357 810,690
Cash Flows from Investing Activities:      
Proceeds from the disposal of short-term investments 696,415 150,274 0
Purchases of short-term investments (390,111) (446,309) 0
Additions to property, plant and equipment (312,315) (371,015) (282,304)
Investment in equity method investees (19,600) (15,720) (13,741)
Proceeds from the sale of property, plant and equipment 6,594 569 695
Net cash used in investing activities (19,017) (682,201) (295,350)
Cash Flows from Financing Activities:      
Payments related to share repurchases (2,606,031) (625,654) 0
Proceeds from term loan facility upon modification 950,000 0 0
Repayment of bridge loan upon extinguishment (800,000) 0 0
Repayment of senior bonds (350,000) 0 0
Cash dividends paid (86,673) (185,635) (46,868)
Payments of acquisition related contingent consideration (68,884) (64,312) (28,208)
Debt issuance fees (3,396) (15,512) (340)
Payments on financing lease obligations (1,809) (2,488) (2,303)
Net cash (used in) provided by financing activities (1,766,793) 306,399 (77,719)
Net (decrease) increase in cash and cash equivalents (853,906) 500,555 437,621
Cash and cash equivalents at beginning of year 1,135,824 635,269 197,648
Cash and cash equivalents at end of year 281,918 1,135,824 635,269
Bridge loan      
Cash Flows from Financing Activities:      
Proceeds from bridge loan and bond issuance 1,200,000 0 0
Senior bonds      
Cash Flows from Financing Activities:      
Proceeds from bridge loan and bond issuance $ 0 $ 1,200,000 $ 0