v3.19.2
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Payments to Noncontrolling Interests $ (17,880) $ 0
Cash flows from operating activities:    
Net income 97,206 59,224
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 57,487 29,067
Loss on disposal of property, plant, and equipment 1,599 578
Deferred income taxes (4,338) 2,041
Stock-based compensation 8,781 6,599
Changes in operating assets and liabilities:    
Accounts receivable 169,631 188,897
Inventories (232,117) (140,897)
Prepaid expenses and other current assets (21,815) (6,411)
Other assets (4,830) (11,867)
Accounts payable 41,469 37,968
Accrued liabilities (75,360) (49,781)
Income taxes payable (13,967) (12,835)
Increase (Decrease) in Operating Liabilities (27,068) 0
Other liabilities 5,919 (3,258)
Net cash provided by operating activities 2,597 99,325
Cash flows from investing activities:    
Purchases of short-term investments (181,257) (257,979)
Proceeds from Sale, Maturity and Collection of Short-term Investments 308,501 88,794
Capital expenditures (50,800) (29,618)
Proceeds from sale of property, plant, and equipment 0 19
Net cash used in investing activities 76,444 (198,784)
Cash flows from financing activities:    
Proceeds from credit facilities 23,208 0
Repayments on credit facilities (23,208) 0
Proceeds from issuance of common stock under employee stock plans 11,286 14,971
Tax payments related to restricted stock unit issuances (5,589) (4,131)
Payments for Repurchase of Common Stock (100,293) (40,106)
Cash dividends paid (32,686) (30,856)
Net cash used in financing activities (145,162) (60,122)
Net effect of exchange rate changes on cash 476 (2,929)
Net increase (decrease) in cash and cash equivalents (65,645) (162,510)
Cash, cash equivalents and restricted cash, beginning of period 451,795 673,166
Cash, cash equivalents and restricted cash, end of period 386,150 510,656
Supplemental disclosures of cash flow information:    
Cash paid during the period for income taxes 66,604 31,346
Supplemental disclosures of non-cash investing activities:    
Capital expenditures incurred but not yet paid 9,524 4,009
Dividends $ 0 $ 21,332

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