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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 $ 230,648 $ 339,255 $ 236,288
Adjustments to reconcile net income to net cash provided by operating activities, net of effects of acquisitions:      
Depreciation 122,048 112,149 106,219
Amortization of intangible assets 15,282 15,610 16,216
Amortization of debt issuance costs 1,117 950 754
Share-based compensation expense 30,911 36,287 33,205
Deferred income taxes (13,349) (39,225) 21,459
Investment (gain) loss (19,398) 16,225 (37,896)
(Gain) loss on disposal of property, plant and equipment (2,045) (3,626) 243
Other (6,713) (4,016) 1,239
Changes in operating assets:      
Change in accounts receivable (2,611) (20,163) (52,721)
Change in inventory (28,947) (29,675) (43,038)
Change in other operating assets (17,971) 1,847 (25,445)
Changes in operating liabilities:      
Change in accounts payable (2,165) (50,076) 55,628
Change in accrued liabilities (17,749) 31,760 29,352
Change in income tax payable (9,307) (8,333) (1,455)
Change in other operating liabilities 1,163 (6,468) (1,505)
Net cash flows provided by operating activities 280,914 392,501 338,543
Cash flows from investing activities      
Acquisitions, net of cash received (3) (83,979) (157)
Proceeds from disposal of wafer fabrication facility 6,292 19,270 9,939
Receipt of cash for termination of cross currency swap 374 9,429 0
Receipt of insurance recovery 1,413 6,067 0
Purchases of property, plant and equipment (150,769) (211,728) (141,195)
Proceeds from sales of property, plant and equipment 2,769 418 3,207
Proceeds from short-term investments 6,157 8,002 7,328
Purchases of short-term investments (9,323) (9,361) (7,567)
Purchases of equity securities (17,901) (4,051) (15,106)
Other 2,669 670 (678)
Net cash and cash equivalents used by investing activities (158,322) (265,263) (144,229)
Cash flows from financing activities      
Advances on lines of credit and short-term debt 29,036 114,291 21,862
Repayments on lines of credit and short-term debt (24,509) (93,498) (146,372)
Proceeds from long-term debt 25,204 372,751 557,882
Repayments of long-term debt (154,019) (505,746) (586,001)
Debt issuance costs (948) (134) (673)
Net proceeds from the issuance of common stock 0 140 4,337
Repayment of and proceeds from finance lease obligation (115) (69) (291)
Taxes paid related to net share settlement (15,637) (12,300) (14,823)
Net changes in noncontrolling interests (3,647) (1,160) 5,631
Other (88) 12 7
Net cash and cash equivalents used in financing activities (144,723) (125,713) (158,441)
Effect of exchange rate changes on cash and cash equivalents (485) (27,244) 10,416
Change in cash and cash equivalents, including restricted cash (22,616) (25,719) 46,289
Cash and cash equivalents, beginning of period, including restricted cash 341,099 366,818 320,529
Cash and cash equivalents, end of period, including restricted cash 318,483 341,099 366,818
Supplemental Cash Flow Information      
Interest paid during the period 4,607 7,355 6,944
Taxes paid during the period 97,668 88,687 56,077
Non-cash investing and financing activities:      
Accounts payable balance related to the purchase of property, plant and equipment 14,602 30,486 24,256
Dividend payable balance to noncontrolling interests $ 100 $ 0 $ 0