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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net income $ 637,834 $ 642,234 $ 707,755
Adjustments to reconcile net income to net cash provided by operating activities:      
Stock-based compensation 44,709 36,868 42,564
Deferred income taxes (877) (1,197) (31,988)
Depreciation 87,018 84,625 71,998
Amortization of intangibles 104,807 81,280 58,425
Realized gain on sale of investment 0 (742) 0
In-process research and development and other non-cash charges 0 0 10,003
Change in operating assets and liabilities, net of acquisitions:      
(Increase) decrease in accounts receivable (66,240) 49,179 (137,874)
Decrease (increase) in inventories 20,943 (45,443) (101,902)
Increase in other current assets (9,537) (43,164) (23,074)
Decrease (increase) in other assets 4,654 (26,264) (5,514)
Increase (decrease) in accounts payable and other current liabilities 61,585 (79,524) 60,984
Increase in deferred revenue and customer advances 6,165 10,433 12,862
Decrease in other liabilities (128,938) (105,476) (52,578)
Net cash provided by operating activities 762,123 602,809 611,661
Cash flows from investing activities:      
Additions to property, plant, equipment and software capitalization (142,481) (160,632) (175,921)
Asset and business acquisitions, net of cash acquired 0 (1,282,354) 0
Proceeds from (investments in) equity investments, net (1,489) 742 8,903
Payments for intellectual property licenses 0 0 (7,535)
Purchases of investments (3,729) (1,791) (11,407)
Maturities and sales of investments 3,676 1,770 77,993
Net cash used in investing activities (144,023) (1,442,265) (107,967)
Cash flows from financing activities:      
Proceeds from debt issuances 170,000 1,450,040 205,000
Payments on debt (900,000) (670,040) (145,000)
Payments of debt issuance costs 0 (400) 0
Proceeds from stock plans 30,366 29,792 42,801
Purchases of treasury shares (13,541) (70,277) (626,061)
Proceeds from derivative contracts 16,500 15,836 13,627
Net cash (used in) provided by financing activities (696,675) 754,951 (509,633)
Effect of exchange rate changes on cash and cash equivalents 7,920 (948) (14,766)
Decrease in cash and cash equivalents (70,655) (85,453) (20,705)
Cash and cash equivalents at beginning of period 395,076 480,529 501,234
Cash and cash equivalents at end of period 324,421 395,076 480,529
Supplemental cash flow information:      
Income taxes paid 183,341 243,316 160,082
Interest paid $ 92,096 $ 94,099 $ 48,083