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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 87,528,626 $ 113,450,870
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 24,711,500 25,599,131
(Gain) on disposal of assets (33,982) (2,391)
Loss on disposal of assets 11,067 131,490
(Gain) on sale of investments (367,879) (486,433)
Loss on sale of investments 704,214 41,681
Change in deferred income taxes 0 (1,544,501)
Stock-based compensation expense related to employee stock options, employee stock purchases and restricted stock 6,788,337 5,894,645
Change in operating assets and liabilities:    
Accounts receivable, net (31,666,772) 7,253,692
Inventories (46,469,079) (6,768,464)
Prepaid expenses and other 16,082,077 768,229
Accounts payable 42,968,193 22,277,513
Accrued liabilities, excluding dividends declared and short-term debt 15,702,241 24,233,539
Net cash provided by operating activities 115,958,543 190,849,001
Activity in available-for-sale securities:    
Sales proceeds 37,158,611 15,019,323
Maturities and calls 1,000,000 2,000,000
Purchases (15,889,063) (31,379,609)
Plant and equipment additions (23,892,169) (12,599,388)
Proceeds from sale of plant and equipment 33,740 17,744
Acquisition of businesses, net of cash acquired 0 (12,023,440)
Increase in other assets (455,419) (1,643,884)
Net cash used for investing activities (2,044,300) (40,609,254)
CASH FLOWS (USED FOR) FINANCING ACTIVITIES:    
Issuance of common stock from stock plan transactions 3,324,147 9,265,840
Cash dividends paid (28,589,625) (29,243,108)
Repurchases of common stock (71,252,022) (97,692,763)
Net cash (used for) financing activities (96,517,500) (117,670,032)
NET INCREASE IN CASH AND CASH EQUIVALENTS 17,396,743 32,569,715
CASH AND CASH EQUIVALENTS, beginning of period 262,311,670 423,371,036
CASH AND CASH EQUIVALENTS, end of period $ 279,708,413 $ 455,940,751