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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income $ 448,752 $ 715,501 $ 1,014,589
Adjustments to reconcile net income from operations to net cash provided by operating activities:      
Depreciation 92,118 90,763 91,073
Stock-based compensation 57,682 48,228 45,643
Provision for excess and obsolete inventory 28,358 31,452 15,475
Amortization 18,768 19,912 34,412
Retirement plans actuarial losses (gains) 2,703 (25,584) (2,217)
Deferred taxes (37,642) (38,693) (17,305)
(Gains) losses on investments (14,915) 9,985 (6,410)
Gains on sale of asset 0 (3,410) 0
Loss on convertible debt conversion 0 0 28,828
Contingent consideration adjustment 0 0 (7,227)
Other (955) 2,353 271
Changes in operating assets and liabilities, net of businesses acquired:      
Accounts receivable 70,977 50,628 (57,778)
Inventories 5,327 (80,809) 6,495
Prepayments and other assets (43,101) (140,713) (175,846)
Accounts payable and other accrued expenses 46,782 (60,507) 129,499
Deferred revenue and customer advances (57,210) (6,233) 9,873
Retirement plans contributions (5,492) (5,116) (5,405)
Income taxes (26,921) (29,834) (5,604)
Net cash provided by operating activities 585,231 577,923 1,098,366
Cash flows from investing activities:      
Purchases of property, plant and equipment (159,642) (163,249) (132,472)
Purchases of marketable securities (161,906) (287,409) (661,781)
Proceeds from maturities of marketable securities 85,042 222,941 660,148
Proceeds from sales of marketable securities 61,401 268,058 266,466
Proceeds from insurance 460 0 0
Issuance of convertible loan (5,000) 0 0
Proceeds from sale of asset 0 3,410 0
Purchase of investment and acquisition of business 0 0 (12,000)
Net cash (used for) provided by investing activities (179,645) 43,751 120,361
Cash flows from financing activities:      
Repurchase of common stock (397,241) (752,082) (600,000)
Dividend payments (67,878) (69,711) (65,977)
Payments of convertible debt principal (50,264) (66,759) (342,990)
Payments related to net settlement of employee stock compensation awards (20,788) (33,170) (32,303)
Issuance of common stock under stock purchase and stock option plans 34,259 28,733 32,686
Net cash used for financing activities (501,912) (892,989) (1,008,584)
Effects of exchange rate changes on cash and cash equivalents (876) 3,889 (2,065)
(Decrease) Increase in cash and cash equivalents (97,202) (267,426) 208,078
Cash and cash equivalents at beginning of year 854,773 1,122,199 914,121
Cash and cash equivalents at end of year 757,571 854,773 1,122,199
Cash paid for:      
Interest 296 1,498 4,236
Income taxes 140,239 193,246 172,134
Non-cash investing activities:      
Capital expenditures incurred but not yet paid: $ 2,735 $ 1,826 $ 1,973