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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 1,264,009 $ 889,950
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 50,364 46,040
Non-cash lease expense 6,471 5,180
Gain on disposal of property and equipment (686) (253)
Gain on Bang Transaction (45,382)  
Loss on impairment of intangibles 2,800 0
Stock-based compensation 52,465 49,167
Deferred income taxes 0 29,710
Effect on cash of changes in operating assets and liabilities net of acquisition:    
Accounts receivable (218,804) (202,447)
Inventories 69,796 (297,140)
Prepaid expenses and other assets (67,368) (39,204)
Prepaid income taxes 8,032 7,867
Accounts payable 109,823 52,663
Accrued liabilities 24,697 (2,572)
Accrued promotional allowances 42,425 89,236
Accrued compensation 3,523 (6,636)
Income taxes payable 4,217 (12,823)
Other liabilities (3,636) (3,492)
Deferred revenue (19,320) (16,060)
Net cash provided by operating activities 1,283,426 589,186
CASH FLOWS FROM INVESTING ACTIVITIES:    
Sales of available-for-sale investments 1,546,038 1,823,943
Purchases of available-for-sale investments (1,405,233) (1,393,910)
Purchases of property and equipment (110,224) (136,158)
Proceeds from sale of property and equipment 1,753 603
Additions to intangibles (9,110) (3,578)
Increase in other assets (19,862) (19,171)
Net cash used in investing activities (360,023) (57,743)
CASH FLOWS FROM FINANCING ACTIVITIES:    
(Payments) borrowings on debt (11,273) (719)
Issuance of common stock 65,560 34,759
Purchases of common stock held in treasury (488,080) (493,315)
Net cash used in financing activities (433,793) (459,275)
Effect of exchange rate changes on cash and cash equivalents (22,902) (95,582)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 466,708 (23,414)
CASH AND CASH EQUIVALENTS, beginning of period 1,307,141 1,326,462
CASH AND CASH EQUIVALENTS, end of period 1,773,849 1,303,048
Cash paid during the period for:    
Interest 254 359
Income taxes 348,948 297,526
Bang Energy    
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on Bang Transaction (45,382)  
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition, net of cash (363,385)  
CANarchy    
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition, net of cash $ 0 $ (329,472)