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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities:    
Net Income (Loss) $ 547,238 $ 516,885
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of property, equipment and intangibles 109,648 93,747
Amortization of debt discount and issuance costs 1,593 1,215
Deferred income taxes 2,374 3,393
Share-based compensation programs 7,022 7,435
Other 2,997 29
Changes in operating assets and liabilities:    
Accounts receivable (36,954) (2,610)
Inventory (92,042) (179,481)
Accounts payable 6,107 172,701
Income taxes payable 140,025 145,441
Other 16,207 (44,991)
Net cash provided by operating activities 704,215 713,764
Investing activities:    
Purchases of property and equipment (249,240) (223,268)
Proceeds from sale of property and equipment 3,853 2,704
Other (155,366) (956)
Net cash used in investing activities (400,753) (221,520)
Financing activities:    
Proceeds from borrowings on revolving credit facility 30,000 1,216,000
Payments on revolving credit facility 0 (661,000)
Net payments of commercial paper (310,805) 0
Repurchases of common stock (270,019) (1,111,461)
Net proceeds from issuance of common stock 57,815 15,146
Other (569) (354)
Net cash used in financing activities (493,578) (541,669)
Effect of exchange rate changes on cash 248 714
Net decrease in cash and cash equivalents (189,868) (48,711)
Cash and cash equivalents at beginning of the period 279,132 108,583
Cash and cash equivalents at end of the period 89,264 59,872
Supplemental disclosures of cash flow information:    
Income taxes paid 9,798 9,696
Interest paid, net of capitalized interest $ 34,671 $ 26,531