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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 311,459,076 $ 232,589,023
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 71,001,177 73,289,065
(Gain) on disposal of assets (271,510) (56,257)
Loss on disposal of assets 250,435 22,096
(Gain) on sale of investments and equity method investment income (2,747,586) (391,378)
Loss on sale of investments and equity method investment losses 6,840,692 1,248,450
Change in deferred income taxes (11,870,944) 4,785,787
Stock-based compensation expense related to employee stock options, employee stock purchases and restricted stock 29,212,236 22,973,113
Change in operating assets and liabilities:    
Accounts receivable, net (74,648,395) (42,618,585)
Inventories 8,907,490 (102,018,719)
Prepaid expenses and other (5,416,624) (16,978,469)
Accounts payable 27,451,773 52,511,201
Accrued liabilities, excluding dividends declared 7,500,486 11,002,238
Net cash provided by operating activities 367,668,306 236,357,565
Activity in investments:    
Sales proceeds 32,839,883 37,429,595
Maturities and calls 14,435,000 3,500,000
Purchases (112,608,739) (49,554,476)
Plant and equipment additions (121,393,801) (108,475,787)
Proceeds from sale of plant and equipment 185,610 91,949
Increase in other assets (2,533,687) (2,310,428)
Net cash used for investing activities (189,075,734) (119,319,147)
CASH FLOWS USED FOR FINANCING ACTIVITIES:    
Issuance of common stock from stock plan transactions 24,304,861 12,365,103
Cash dividends paid (84,159,105) (84,941,178)
Repurchases of common stock (76,859,341) (83,840,290)
Net cash used for financing activities (136,713,585) (156,416,365)
NET INCREASE IN CASH AND CASH EQUIVALENTS 41,878,987 (39,377,947)
CASH, CASH EQUIVALENTS, and RESTRICTED CASH, beginning of period 218,754,638 262,311,670
CASH, CASH EQUIVALENTS, and RESTRICTED CASH, end of period 260,633,625 222,933,723
Property and equipment in accounts payable and accrued expenses and other current liabilities $ 9,708,125 $ 5,064,356