v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income $ 769,188 $ 551,403
Adjustments to reconcile net income to cash used in operating activities:    
Depreciation and amortization 295,238 248,256
Share-based compensation 13,826 9,394
Deferred income taxes (11,878) 5,861
Other, net 39,939 9,438
Changes in operating assets and liabilities:    
Accounts receivable, trade (140,960) (417,136)
Inventories (305,955) (323,781)
Government grants receivable (649,315) (177,419)
Other assets (94,788) (106,090)
Income tax receivable and payable 42,468 (39,698)
Accounts payable and accrued expenses (166,070) (85,119)
Deferred revenue (155,834) (186,652)
Other liabilities 4,374 53,138
Net cash used in operating activities (359,767) (458,405)
Cash flows from investing activities:    
Purchases of property, plant and equipment (279,849) (494,100)
Purchases of marketable securities and restricted marketable securities (1,428,591) (930,807)
Proceeds from sales and maturities of marketable securities 1,439,474 1,067,702
Other investing activities (22,630) 7,002
Net cash used in investing activities (291,596) (350,203)
Cash flows from financing activities:    
Proceeds from borrowings under debt arrangements, net of issuance costs 209,199 212,273
Repayment of debt (672,370) (244,022)
Proceeds from other borrowings 0 394,450
Payments of tax withholdings for restricted shares (194) (15,436)
Other financing activities (583) (266)
Net cash (used in) provided by financing activities (463,948) 346,999
Effect of exchange rate changes on cash, cash equivalents, restricted cash, and restricted cash equivalents 3,812 3,469
Net decrease in cash, cash equivalents, restricted cash, and restricted cash equivalents (1,111,499) (458,140)
Cash, cash equivalents, restricted cash, and restricted cash equivalents, beginning of the period 2,814,031 1,638,223
Cash, cash equivalents, restricted cash, and restricted cash equivalents, end of the period 1,702,532 1,180,083
Supplemental disclosure of noncash investing and financing activities:    
Property, plant and equipment acquisitions funded by liabilities 136,905 242,177
Proceeds to be received from asset-based government grants $ 136,596 $ 155,336