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 $ 221,065 $ 217,838
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred taxes 31,425 (759)
Depreciation and amortization 96,679 79,724
Stock-based compensation 86,484 93,205
Non-cash operating lease cost 20,637 19,457
Gain on assets held for sale (11,699) 0
Fair value adjustment for equity investment (7,499) 0
Other non-cash operating activities 10,633 7,593
Changes in assets and liabilities, net of effects of acquisitions:    
Accounts receivable (72,020) (121,406)
Inventories 6,088 9,044
Prepaid expenses and other assets (25,963) (22,701)
Accounts payable (10,290) (7,516)
Accrued and other long-term liabilities 60,570 (35,503)
Long-term income tax payable 2,187 7,092
Deferred revenues (64,498) (64,742)
Net cash provided by operating activities 343,799 181,326
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions, net of cash acquired (18,963) 0
Purchase of property, plant and equipment (66,450) (46,768)
Investment in convertible notes (69,834) 0
Purchase of equity investments (100,491) (10,000)
Proceeds from Sale of Property, Plant, and Equipment 42,000 0
Net cash used in investing activities (213,738) (56,768)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 11,718 13,909
Common stock repurchases, net of excise tax (98,126) (297,134)
Payroll taxes paid upon the vesting of equity awards (29,167) (19,830)
Net cash used in financing activities (115,575) (303,055)
Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash (6,689) 35,876
Net increase (decrease) in cash, cash equivalents, and restricted cash 7,797 (142,621)
Cash, cash equivalents and restricted cash at beginning of the period 1,096,186 1,044,963
Cash, cash equivalents and restricted cash at end of the period $ 1,103,983 $ 902,342