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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating activities:      
Net income $ 2,172,650 $ 2,164,685 $ 1,752,302
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization of property, equipment and intangibles 357,933 328,217 314,635
Amortization of debt discount and issuance costs 4,704 4,388 4,580
Deferred income taxes 69,575 20,383 12,381
Share-based compensation programs 26,458 24,656 22,747
Other 885 2,128 4,686
Changes in operating assets and liabilities:      
Accounts receivable (75,859) (47,427) (20,515)
Inventory (669,046) (32,634) (198,864)
Accounts payable 1,184,858 510,911 580,608
Income taxes payable 151,063 152,339 197,739
Accrued payroll 19,300 18,714 (11,941)
Accrued benefits and withholdings (60,072) 9,214 189,332
Other (34,199) 51,736 (11,087)
Net cash provided by operating activities 3,148,250 3,207,310 2,836,603
Investing activities:      
Purchases of property and equipment (563,342) (442,853) (465,579)
Proceeds from sale of property and equipment 14,803 9,494 15,770
Investment in tax credit equity investments (188,282) (180,333) (164,111)
Other (3,164) (1,928) (975)
Net cash used in investing activities (739,985) (615,620) (614,895)
Financing activities:      
Proceeds from borrowings on revolving credit facility 785,800 0 1,162,000
Payments on revolving credit facility (785,800) 0 (1,423,000)
Proceeds from the issuance of long-term debt 847,314 0 997,515
Principal payments on long-term debt (300,000) (300,000) (500,000)
Payment of debt issuance costs (6,591) (3,412) (7,929)
Repurchases of common stock (3,282,265) (2,476,048) (2,087,194)
Net proceeds from issuance of common stock 79,356 84,915 62,284
Other (350) (313) (253)
Net cash used in financing activities (2,662,536) (2,694,858) (1,796,577)
Effect of exchange rate changes on cash 741 (359) 103
Net (decrease) increase in cash and cash equivalents (253,530) (103,527) 425,234
Cash and cash equivalents at beginning of the period 362,113 465,640 40,406
Cash and cash equivalents at end of the period 108,583 362,113 465,640
Supplemental disclosures of cash flow information:      
Income taxes paid 415,165 450,935 305,087
Interest paid, net of capitalized interest $ 155,853 $ 144,293 $ 159,717