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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 $ 215,525 $ 279,881 $ 176,186
Adjustments to reconcile net income to net cash provided by operating activities:      
Stock-based compensation expense 54,505 43,774 42,661
Depreciation of property, plant, and equipment 16,347 16,616 22,139
Loss (gain) on disposal of property, plant, and equipment 19 33 1,817
Amortization of intangible assets 3,274 3,667 4,364
Intangible asset impairment charges 0 0 19,571
Non-cash, loss from catastrophes 46,372 0 0
Excess and obsolete inventory charges 3,084 2,573 9,908
Operating lease asset impairment charges 0 0 3,427
Amortization of discounts or premiums on investments 4,968 4,887 1,274
Realized (gain) loss on sale of investments 182 (236) (4,119)
Revaluation of contingent consideration 0 0 (114)
Change in deferred income taxes (27,338) (3,118) (3,353)
Accounts receivable 3,454 (4,503) (21,285)
Unbilled revenue 1,806 1,637 (848)
Inventories (48,934) (54,920) (10,319)
Prepaid expenses and other current assets (6,998) (32,342) (9,909)
Accounts payable (17,277) 27,828 (1,688)
Accrued expenses 2,056 16,861 24,542
Accrued income taxes (444) (6,401) (22,973)
Deferred revenue and customer deposits 4,886 14,417 6,571
Other (12,081) 3,411 4,548
Net cash provided by operating activities 243,406 314,065 242,400
Cash flows from investing activities:      
Purchases of investments (233,720) (668,053) (922,867)
Maturities and sales of investments 253,983 430,969 1,104,605
Purchases of property, plant, and equipment (19,667) (15,455) (13,303)
Net payments related to business acquisitions (5,050) 0 1,004
Net cash provided by (used in) investing activities (4,454) (252,539) 169,439
Cash flows from financing activities:      
Net payments from issuance of common stock under stock plans 9,861 63,292 125,715
Repurchase of common stock (204,314) (161,652) (51,036)
Payment of dividends (45,921) (43,263) (390,508)
Payment of contingent consideration 0 0 1,039
Net cash used in financing activities (240,374) (141,623) (316,868)
Effect of foreign exchange rate changes on cash and cash equivalents (3,365) (2,815) 2,671
Net change in cash and cash equivalents (4,787) (82,912) 97,642
Cash and cash equivalents at beginning of year 186,161 269,073 171,431
Cash and cash equivalents at end of year $ 181,374 $ 186,161 $ 269,073