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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 $ 339,255 $ 236,288 $ 99,229
Adjustments to reconcile net income to net cash provided by operating activities, net of effects of acquisitions:      
Depreciation 112,149 106,219 91,747
Amortization of intangible assets 15,610 16,216 16,260
Amortization of debt issuance costs 950 754 1,455
Share-based compensation expense 36,287 33,205 25,260
Deferred income taxes (39,225) 21,459 (14,456)
Investment loss (gain) 16,225 (37,896) (1,766)
(Gain) loss on disposal of property, plant and equipment (3,626) 243 119
Other (4,016) 1,239 817
Changes in operating assets:      
Change in accounts receivable (20,163) (52,721) (10,501)
Change in inventory (29,675) (43,038) (4,560)
Change in other operating assets 1,847 (25,445) (9,067)
Changes in operating liabilities:      
Change in accounts payable (50,076) 55,628 7,422
Change in accrued liabilities 31,760 29,352 (9,198)
Change in income tax payable (8,333) (1,455) (2,182)
Change in other operating liabilities (6,468) (1,505) (3,359)
Net cash flows provided by operating activities 392,501 338,543 187,220
Cash flows from investing activities      
Acquisitions, net of cash received (83,979) (157) (24,593)
Disposal of wafer fabrication facility 19,270 9,939 0
Receipt of cash for termination of cross currency swap 9,429 0 0
Receipt of insurance recovery 6,067 0 0
Purchases of property, plant and equipment (211,728) (141,195) (75,813)
Proceeds from sales of property, plant and equipment 418 3,207 232
Sales of short-term investments 8,002 7,328 10,277
Purchases of short-term investments (9,361) (7,567) (11,486)
Purchase of equity securities (4,051) (15,106) (6,131)
Other 670 (678) 742
Net cash and cash equivalents used by investing activities (265,263) (144,229) (106,772)
Cash flows from financing activities      
Advances on lines of credit and short-term debt 114,291 21,862 77,483
Repayments on lines of credit and short-term debt (93,498) (146,372) (40,498)
Proceeds from long-term debt 372,751 557,882 956,363
Repayments of long-term debt (505,746) (586,001) (744,237)
Debt issuance costs (134) (673) (2,477)
Net proceeds from the issuance of common stock 140 4,337 6,830
Repayment of and proceeds from finance lease obligation (69) (291) (919)
Taxes related to net share settlement (12,300) (14,823) (8,302)
Net changes in noncontrolling interests (1,160) 5,631 (2,102)
Repurchase of common stock 0 0 (296,705)
Other 12 7 262
Net cash and cash equivalents used in financing activities (125,713) (158,441) (54,302)
Effect of exchange rate changes on cash and cash equivalents (27,244) 10,416 34,876
Change in cash and cash equivalents, including restricted cash (25,719) 46,289 61,022
Cash and cash equivalents, beginning of period, including restricted cash 366,818 320,529 259,507
Cash and cash equivalents, end of period, including restricted cash 341,099 366,818 320,529
Supplemental Cash Flow Information      
Interest paid during the period 7,355 6,944 10,219
Taxes paid during the period 88,687 56,077 47,891
Non-cash investing and financing activities:      
Accounts payable balance related to the purchase of property, plant and equipment $ 30,486 $ 24,256 $ 7,297