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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 194,271,153 $ 206,733,664
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 47,942,132 48,841,936
(Gain) on disposal of assets (1,261,727) (214,593)
Loss on disposal of assets 29,782 220,568
(Gain) on sale of investments and technology investment income (4,708,185) (2,747,586)
Loss on sale of investments and technology investment losses 29,061,771 4,201,138
Deferred tax expense (11,232,239) (5,122,661)
Stock-based compensation expense related to employee stock options, employee stock purchases and restricted stock 21,396,790 18,264,205
Change in operating assets and liabilities:    
Accounts receivable, net 15,244,187 (73,915,719)
Inventories (61,019,277) 14,334,001
Prepaid expenses and other (3,559,130) (2,722,437)
Accounts payable 17,318,424 22,410,431
Accrued liabilities, excluding dividends declared 15,643,764 11,483,186
Net cash provided by operating activities 259,127,445 241,766,133
Activity in investments:    
Sales proceeds 19,649,880 21,523,990
Maturities and calls 6,260,000 11,650,000
Purchases (60,360,047) (65,945,596)
Plant and equipment additions (63,634,852) (90,277,995)
Proceeds from sale of plant and equipment 127,000 140,610
Increase in other assets (4,120,881) (3,486,284)
Net cash used for investing activities (102,078,900) (126,395,275)
CASH FLOWS USED FOR FINANCING ACTIVITIES:    
Issuance of common stock from stock plan transactions 20,242,309 13,882,810
Cash dividends paid (55,517,709) (56,146,939)
Repurchases of common stock (87,966,213) (54,195,766)
Net cash used for financing activities (123,241,613) (96,459,895)
NET INCREASE IN CASH AND CASH EQUIVALENTS 33,806,932 18,910,963
CASH, CASH EQUIVALENTS, and RESTRICTED CASH, beginning of period 226,435,019 218,754,638
CASH, CASH EQUIVALENTS, and RESTRICTED CASH, end of period 260,241,951 237,665,601
Non-cash investing and financing activities:    
Change in property and equipment in accounts payable and accrued expenses and other current liabilities $ (912,142) $ 5,064,356