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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating activities:    
Net Income (Loss) $ 1,144,250 $ 1,058,640
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of property, equipment and intangibles 191,673 168,045
Amortization of debt discount and issuance costs 2,431 2,242
Deferred income taxes 13,507 28,302
Share-based compensation programs 14,571 12,702
Other 75 283
Changes in operating assets and liabilities:    
Accounts receivable (31,443) (60,593)
Inventory (257,337) (318,756)
Accounts payable 335,299 563,012
Income taxes payable 261,208 12,013
Other (22,865) (73,917)
Net cash provided by operating activities 1,651,369 1,391,973
Investing activities:    
Purchases of property and equipment (460,942) (228,921)
Proceeds from sale of property and equipment 7,056 8,222
Investment in tax credit equity investments (4,149) (4,080)
Other (1,971) (86)
Net cash used in investing activities (460,006) (224,865)
Financing activities:    
Proceeds from borrowings on revolving credit facility 2,776,000 785,800
Payments on revolving credit facility (1,976,000) (785,800)
Proceeds from the issuance of long-term debt 0 847,314
Principal payments on long-term debt (300,000) 0
Payment of debt issuance costs (24) (6,323)
Repurchases of common stock (1,791,451) (2,151,242)
Net proceeds from issuance of common stock 48,680 35,112
Other (354) (350)
Net cash used in financing activities (1,243,149) (1,275,489)
Effect of exchange rate changes on cash 1,083 172
Net decrease in cash and cash equivalents (50,703) (108,209)
Cash and cash equivalents at beginning of the period 108,583 362,113
Cash and cash equivalents at end of the period 57,880 253,904
Supplemental disclosures of cash flow information:    
Income taxes paid 65,361 291,695
Interest paid, net of capitalized interest $ 88,924 $ 68,318