v3.20.2
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Payments to Noncontrolling Interests $ 0 $ (17,880)
Cash flows from operating activities:    
Net income (50,494) 97,206
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 65,924 57,487
Accounts Receivable, Credit Loss Expense (Reversal) 22,815 (2,146)
Loss on disposal of property, plant, and equipment 8,800 1,599
Deferred income taxes 4,362 (4,338)
Stock-based compensation 7,712 8,781
Changes in operating assets and liabilities:    
Accounts receivable 244,112 171,777
Inventories (202,646) (232,117)
Prepaid expenses and other current assets (3,199) (21,815)
Other assets (14,596) (4,830)
Accounts payable 3,397 41,469
Accrued liabilities (89,323) (75,360)
Income taxes payable (12,633) (13,967)
Increase (Decrease) In Operating Lease Assets And Liabilities (26,264) (27,068)
Other liabilities 4,757 5,919
Net cash provided by operating activities (37,276) 2,597
Cash flows from investing activities:    
Purchases of short-term investments (35,045) (181,257)
Proceeds from Sale, Maturity and Collection of Short-term Investments 36,631 308,501
Capital expenditures (20,959) (50,800)
Net cash used in investing activities (19,373) 76,444
Cash flows from financing activities:    
Proceeds from credit facilities 375,759 23,208
Repayments on credit facilities (373,390) (23,208)
Proceeds from issuance of common stock under employee stock plans 1,987 11,286
Tax payments related to restricted stock unit issuances (4,304) (5,589)
Payments for Repurchase of Common Stock (132,889) (100,293)
Payments to Noncontrolling Interests 0 17,880
Cash dividends paid (17,195) (32,686)
Net cash used in financing activities (151,706) (145,162)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (2,861) 476
Net increase (decrease) in cash and cash equivalents (211,216) (65,645)
Cash, cash equivalents and restricted cash, beginning of period 686,009 451,795
Cash, cash equivalents and restricted cash, end of period 474,793 386,150
Supplemental disclosures of cash flow information:    
Cash paid during the period for income taxes 13,294 66,604
Supplemental disclosures of non-cash investing activities:    
Capital expenditures incurred but not yet paid 2,414 9,524
Payments of Debt Issuance Costs $ 1,674 $ 0

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