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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating activities:    
Net income $ 446,372 $ 379,507
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of property, equipment and intangibles 106,007 95,004
Amortization of debt discount and issuance costs 1,051 1,041
Excess tax benefit from stock options exercised (32,947) (23,849)
Deferred income taxes (15,326) (12,686)
Share-based compensation programs 11,304 12,137
Other 2,594 2,718
Changes in operating assets and liabilities:    
Accounts receivable (34,199) (28,422)
Inventory (6,186) (87,734)
Accounts payable 118,804 245,761
Income taxes payable 79,172 39,412
Other 21,807 32,636
Net cash provided by operating activities 698,453 655,525
Investing activities:    
Purchases of property and equipment (186,531) (194,929)
Proceeds from sale of property and equipment 1,608 789
Payments received on notes receivable 1,981 1,835
Net cash used in investing activities (182,942) (192,305)
Financing activities:    
Principal payments on capital leases (25) (36)
Repurchases of common stock (574,972) (299,655)
Excess tax benefit from stock options exercised 32,947 23,849
Net proceeds from issuance of common stock 36,021 34,735
Net cash used in financing activities (506,029) (241,107)
Net increase in cash and cash equivalents 9,482 222,113
Cash and cash equivalents at beginning of the period 250,560 [1] 231,318
Cash and cash equivalents at end of the period 260,042 453,431
Supplemental disclosures of cash flow information:    
Income taxes paid 194,715 189,944
Interest paid, net of capitalized interest $ 27,711 $ 25,190
[1] The balance sheet at December 31, 2014, has been derived from the audited consolidated financial statements at that date, but does not include all of the information and footnotes required by United States generally accepted accounting principles for complete financial statements.