XML 20 R7.htm IDEA: XBRL DOCUMENT v3.25.4
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 $ 397,584 $ 541,817 $ 214,352
Adjustments to reconcile net income to net cash flows provided by operating activities:      
Depreciation 136,473 136,649 139,451
Amortization of intangibles 31,512 31,314 37,893
Share-based compensation 79,719 79,429 83,334
Inventory obsolescence 38,367 45,909 63,748
Deferred income taxes (19,408) (20,986) 176,385
Income from equity method investments (27,869) (24,938) (18,423)
Content asset amortization 50,246 77,986 51,837
Changes in assets and liabilities:      
Accounts receivable, net (60,493) 21,369 (198,322)
Inventories (56,633) (24,519) 261,309
Prepaid expenses and other current assets (5,554) (11,168) 8,182
Accounts payable, accrued liabilities, and income taxes payable 65,431 49,592 135,767
Content asset spend (19,711) (25,562) (58,062)
Other, net (16,409) (76,326) (27,660)
Net cash flows provided by operating activities 593,255 800,566 869,791
Cash Flows From Investing Activities:      
Purchases of tools, dies, and molds (71,374) (67,415) (74,480)
Purchases of other property, plant, and equipment (110,618) (135,205) (85,820)
Proceeds from foreign currency forward exchange contracts, net 8,629 7,344 14,948
Other, net 18,431 6,233 2,934
Net cash flows used for investing activities (154,932) (189,043) (142,418)
Cash Flows From Financing Activities:      
Proceeds from long-term borrowings, net 592,382 0 0
Payments of long-term borrowings (600,000) 0 0
Share repurchases (600,000) (400,000) (203,016)
Tax withholdings for share-based compensation (16,858) (19,663) (35,108)
Proceeds from stock option exercises 9,803 6,345 26,742
Other, net (5,893) (36,034) (15,185)
Net cash flows used for financing activities (620,566) (449,352) (226,567)
Effect of Currency Exchange Rate Changes on Cash and Equivalents 37,262 (35,626) (678)
Change in Cash and Equivalents (144,981) 126,545 500,128
Cash and Equivalents at Beginning of Period 1,387,908 1,261,363 761,235
Cash and Equivalents at End of Period 1,242,927 1,387,908 1,261,363
Supplemental Cash Flow Information:      
Cash paid during the year for interest $ 115,804 $ 114,280 $ 117,701