v3.26.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Statement of Cash Flows [Abstract]    
Cash and cash equivalents at beginning of period $ 3,001,317 $ 2,644,030
Cash flows from operating activities:    
Net income 992,483 720,752
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 320,159 163,269
Stock-based compensation 429,836 342,011
Gain on divestitures and investments, net (88,611) (22,135)
Deferred income taxes 118,684 89,756
ROU asset amortization and change in operating lease liabilities (2,105) 1,702
Other non-cash items 7,266 4,713
Changes in operating assets and liabilities, net of effect of acquired businesses:    
Receivables (84,285) (90,666)
Inventories (172,927) (60,858)
Prepaid expenses and other 39,812 (14,834)
Other assets (38,982) 5,811
Accounts payable and accrued liabilities (263,024) (23,237)
Deferred revenue 148,835 44,456
Other long-term liabilities 7,295 14,546
Net cash provided by operating activities 1,414,436 1,175,286
Cash flows from investing activities:    
Purchases of investments (98,481) (35,182)
Proceeds from the sale and maturity of investments 166,529 3,493
Proceeds from the sale of IP and other assets 0 11,500
Purchases of property, plant and equipment (163,254) (100,830)
Purchases of intangible assets (6,975) 0
Cash paid in business combinations, net of cash acquired (2,143,429) (250,695)
Net cash used for investing activities (2,245,610) (371,714)
Cash flows from financing activities:    
Proceeds from revolving credit facility 875,000 0
Payments on revolving credit facility (725,000) 0
Proceeds from issuance of common stock 139,073 138,069
Stock received for payment of employee taxes on vesting of restricted stock (195,608) (148,130)
Payments for repurchases of common stock (800,025) (725,025)
Net cash used for financing activities (706,560) (735,086)
Effect of exchange rate changes on cash and cash equivalents (11,563) 40,730
Increase (decrease) in cash and cash equivalents (1,549,297) 109,216
Cash and cash equivalents at end of period 1,452,020 2,753,246
Supplemental cash flow information:    
Cash paid for interest 119,991 111,711
Cash paid for income taxes, net $ 448,605 $ 198,770