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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 232,589,023 $ 276,617,836
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 73,289,065 75,105,881
(Gain) on disposal of assets (56,257) (459,528)
Loss on disposal of assets 22,096 213,430
(Gain) on sale of investments (391,378) (969,971)
Loss on sale of investments 1,248,450 192,346
Change in deferred income taxes 4,785,787 (20,269,706)
Stock-based compensation expense related to employee stock options, employee stock purchases and restricted stock 22,973,113 20,114,921
Change in operating assets and liabilities:    
Accounts receivable, net (42,618,585) 43,704,625
Inventories (102,018,719) (66,308,038)
Prepaid expenses and other (16,978,469) (45,504,501)
Accounts payable 52,511,201 15,748,219
Accrued liabilities, excluding dividends declared and short-term debt 11,002,238 1,195,477
Net cash provided by operating activities 236,357,565 299,380,991
Activity in available-for-sale securities:    
Sales proceeds 37,429,595 34,250,068
Maturities and calls 3,500,000 26,110,000
Purchases (25,304,476) (86,228,584)
Purchase of equity method investments (24,250,000) 0
Plant and equipment additions (108,475,787) (44,357,786)
Proceeds from sale of plant and equipment 91,949 2,550,805
Acquisition of businesses, net of cash acquired 0 (12,023,440)
Increase in other assets (2,310,428) (2,763,847)
Net cash used for investing activities (119,319,147) (82,462,784)
CASH FLOWS USED FOR FINANCING ACTIVITIES:    
Issuance of common stock from stock plan transactions 12,365,103 20,773,874
Cash dividends paid (84,941,178) (86,902,257)
Repurchases of common stock (83,840,290) (304,195,755)
Net cash used for financing activities (156,416,365) (370,324,138)
NET DECREASE IN CASH AND CASH EQUIVALENTS (39,377,947) (153,405,931)
CASH AND CASH EQUIVALENTS, beginning of period 262,311,670 423,371,036
CASH AND CASH EQUIVALENTS, end of period $ 222,933,723 $ 269,965,105