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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 210,061 $ 184,213 $ 133,372
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 24,815 19,968 15,217
Amortization of intangibles 17,459 21,994 21,969
Amortization of premium and discount on investments, net (6,461) (373) (4,960)
Impairment of minority investments 6,962 0 0
Stock-based compensation to employees 28,380 34,871 26,631
Stock-based compensation to Board of Directors and Scientific Advisory Board 1,566 1,404 1,647
Deferred income tax (benefit) expense (26,946) 1,748 (4,446)
Retirement plan expense 5,276 8,875 5,656
Decrease (increase) in assets:      
Accounts receivable 14,975 (25,378) (21,809)
Inventory (49,060) (42,569) (27,638)
Other current assets (24,843) (202) 1,200
Other assets 25,971 (32,369) (17,251)
Increase (decrease) in liabilities:      
Accounts payable and accrued expenses 3,338 1,902 (8,305)
Other current liabilities 20,917 2,105 2,683
Deferred revenue (93,203) (5,220) 17,439
Other liabilities (32,392) 20,136 7,387
Net cash provided by operating activities 126,815 191,105 148,792
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of property and equipment (42,497) (43,161) (27,991)
Purchase of intangibles (4,709) (394) (60)
Purchases of investments (701,993) (642,180) (604,153)
Proceeds from sale and maturity of investments 468,456 227,984 1,023,460
Net cash (used in) provided by investing activities (280,743) (457,751) 391,256
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of common stock 1,570 1,507 1,176
Payment of withholding taxes related to stock-based compensation to employees (9,209) (14,949) (14,394)
Cash dividends paid (56,996) (37,931) (28,445)
Net cash used in financing activities (64,635) (51,373) (41,663)
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (218,563) (318,019) 498,385
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 311,993 630,012 131,627
CASH AND CASH EQUIVALENTS, END OF YEAR $ 93,430 $ 311,993 $ 630,012