Quarterly report [Sections 13 or 15(d)]

Consolidated Statement of Cash Flows

v3.25.2
Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income (loss) $ 32,052 $ 30,559
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 27,931 29,142
Non-cash lease expense 41,274 37,419
Provision for uncollectible accounts receivable 1,786 1,502
Deferred income taxes (340) 2,101
Share-based compensation 11,799 12,008
Other, net (2,200) (9,800)
Changes in operating assets and liabilities:    
Accounts receivable 136,579 191,737
Inventories (218,102) (88,753)
Prepaid expenses and other current assets (27,561) (2,809)
Other assets 2,546 1,159
Accounts payable 88,004 31,105
Accrued liabilities (89,215) (63,626)
Income taxes payable (28,489) (26,688)
Operating lease assets and liabilities (42,432) (37,275)
Other liabilities 3,482 1,112
Net cash provided by (used in) operating activities (62,886) 108,893
Cash flows from investing activities:    
Purchases of short-term investments (261,449) (388,348)
Sales and maturities of short-term investments 402,067 446,087
Capital expenditures (30,036) (27,788)
Net cash provided by investing activities 110,582 29,951
Cash flows from financing activities:    
Proceeds from issuance of common stock related to share-based compensation 5,111 3,747
Tax payments related to share-based compensation (5,656) (4,461)
Repurchase of common stock (131,687) (102,618)
Cash dividends paid (33,030) (35,628)
Net cash used in financing activities (165,262) (138,960)
Net effect of exchange rate changes on cash 13,501 (8,381)
Net decrease in cash and cash equivalents (104,065) (8,497)
Cash and cash equivalents, beginning of period 427,804 341,822
Cash and cash equivalents, end of period 427,804 341,822
Supplemental disclosures of cash flow information:    
Cash paid during the period for income taxes 72,590 58,151
Supplemental disclosures of non-cash investing and financing activities:    
Property, plant and equipment acquired through increase in liabilities 8,225 6,283
Repurchases of common stock not settled $ 0 $ 8,114