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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 753,897 $ 619,356
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 42,469 35,104
Gain on disposal of property and equipment (634) (514)
Stock-based compensation 42,436 39,265
Deferred income taxes (76) 1,862
Effect on cash of changes in operating assets and liabilities:    
Accounts receivable (181,683) (70,865)
TCCC Transaction receivable   125,000
Distributor receivables 7,803 1,605
Inventories (10,338) (46,700)
Prepaid expenses and other current assets (16,465) (9,210)
Prepaid income taxes 96,462 24,168
Accounts payable 39,641 24,653
Accrued liabilities 16,516 15,867
Accrued promotional allowances 48,682 42,064
Accrued distributor terminations 703 7,416
Accrued compensation (4,357) (3,230)
Income taxes payable (1,383) (4,142)
Other liabilities 1,628 819
Deferred revenue (13,941) (12,461)
Net cash provided by operating activities 821,360 790,057
CASH FLOWS FROM INVESTING ACTIVITIES:    
Sales of available-for-sale investments 927,410 358,107
Purchases of available-for-sale investments (711,009) (768,276)
Purchases of property and equipment (49,862) (67,738)
Proceeds from sale of property and equipment 4,009 855
Increase in intangibles (6,275) (5,137)
Increase in other assets (10,125) (1,216)
Net cash provided by (used in) investing activities 154,148 (483,405)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal payments on debt (1,482) (1,878)
Issuance of common stock 24,481 26,776
Purchases of common stock held in treasury (805,149) (249,173)
Net cash used in financing activities (782,150) (224,275)
Effect of exchange rate changes on cash and cash equivalents (8,266) 5,600
NET INCREASE IN CASH AND CASH EQUIVALENTS 185,092 87,977
CASH AND CASH EQUIVALENTS, beginning of period 528,622 377,582
CASH AND CASH EQUIVALENTS, end of period 713,714 465,559
Cash paid during the period for:    
Interest 44 55
Income taxes $ 134,377 $ 293,980