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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 718,956 $ 590,204
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 27,489 32,057
Gain on disposal of property and equipment (822) (179)
Impairment of intangibles   4,000
Stock-based compensation 35,691 33,034
Deferred income taxes 353  
Effect on cash of changes in operating assets and liabilities:    
Accounts receivable (239,700) (231,782)
Distributor receivables 160 188
Inventories (52,541) 14,181
Prepaid expenses and other assets (28,232) (23,394)
Prepaid income taxes 2,452 7,245
Accounts payable 63,619 (6,772)
Accrued liabilities 29,883 31,691
Accrued promotional allowances 42,665 3,079
Accrued distributor terminations   (140)
Accrued compensation (10,782) (10,932)
Income taxes payable 7,696 8,278
Other liabilities 621 83
Deferred revenue (10,922) (10,383)
Net cash provided by operating activities 586,586 440,458
CASH FLOWS FROM INVESTING ACTIVITIES:    
Sales of available-for-sale investments 660,965 719,616
Proceeds from sale of property and equipment 1,024 590
Purchases of available-for-sale investments (795,467) (425,973)
Purchases of property and equipment (15,522) (29,116)
Additions to intangibles (9,926) (13,085)
Increase in other assets (21,236) (1,338)
Net cash (used in) provided by investing activities (180,162) 250,694
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings of (payments on) debt 3,624 (1,680)
Issuance of common stock 24,486 43,842
Purchases of common stock held in treasury (13,818) (595,770)
Net cash provided by (used in) financing activities 14,292 (553,608)
Effect of exchange rate changes on cash and cash equivalents (16,890) (14,175)
NET INCREASE IN CASH AND CASH EQUIVALENTS 403,826 123,369
CASH AND CASH EQUIVALENTS, beginning of period 1,180,413 797,957
CASH AND CASH EQUIVALENTS, end of period 1,584,239 921,326
Cash paid during the year for:    
Interest 52 29
Income taxes $ 215,803 $ 164,956