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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating activities    
Net income $ 633,434 $ 418,236
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 155,356 141,398
Deferred income tax provision 7,827 (15,537)
Impairment, closure costs, and asset disposals 24,173 8,851
Provision for credit losses 312 (876)
Stock-based compensation expense 50,756 52,221
Other (9,237) (11,909)
Changes in operating assets and liabilities:    
Accounts receivable 44,027 12,353
Inventory (313) 3,320
Prepaid expenses and other current assets (21,365) 948
Operating lease assets 121,363 112,505
Other assets 3,455 (3,014)
Accounts payable (10,783) (2,972)
Accrued payroll and benefits 7,597 (583)
Accrued liabilities (66) (22,293)
Unearned revenue (19,894) (20,062)
Income tax payable/receivable 146,177 (3,832)
Operating lease liabilities (100,794) (100,024)
Other long-term liabilities 5,521 958
Net cash provided by operating activities 1,037,546 569,688
Investing activities    
Purchases of leasehold improvements, property and equipment (257,601) (196,495)
Purchases of investments (590,656) (195,242)
Maturities of investments 220,565 142,540
Net cash used in investing activities (627,692) (249,197)
Financing activities    
Acquisition of treasury stock (221,754) (521,910)
Tax withholding on stock-based compensation awards (67,474) (91,905)
Other financing activities 115 (588)
Net cash used in financing activities (289,113) (614,403)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 265 (490)
Net change in cash, cash equivalents, and restricted cash 121,006 (294,402)
Cash, cash equivalents, and restricted cash at beginning of period 408,966 846,230
Cash, cash equivalents, and restricted cash at end of period 529,972 551,828
Supplemental disclosures of cash flow information    
Income taxes paid 33,252 139,177
Purchases of leasehold improvements, property, and equipment accrued in accounts payable and accrued liabilities 55,904 61,072
Acquisition of treasury stock accrued in accounts payable and accrued liabilities $ 2,406 $ 6,999