XML 16 R6.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating activities    
Net income $ 946,651 $ 675,374
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 233,902 212,814
Deferred income tax provision 12,465 (8,567)
Impairment, closure costs, and asset disposals 30,536 15,127
Provision for credit losses 565 (969)
Stock-based compensation expense 86,557 77,371
Other (17,272) (13,045)
Changes in operating assets and liabilities:    
Accounts receivable 33,666 22,891
Inventory (4,508) (1,056)
Prepaid expenses and other current assets (23,494) (3,169)
Operating lease assets 185,056 171,464
Other assets (6,939) (1,537)
Accounts payable 4,886 10,774
Accrued payroll and benefits (14,902) (32,861)
Accrued liabilities 1,882 (16,562)
Unearned revenue (21,190) (18,141)
Income tax payable/receivable 220,427 (18,070)
Operating lease liabilities (156,180) (153,200)
Other long-term liabilities 5,910 2,968
Net cash provided by operating activities 1,518,018 921,606
Investing activities    
Purchases of leasehold improvements, property and equipment (388,801) (335,518)
Purchases of investments (845,981) (513,813)
Maturities of investments 440,788 202,997
Net cash used in investing activities (793,994) (646,334)
Financing activities    
Acquisition of treasury stock (437,305) (629,775)
Tax withholding on stock-based compensation awards (68,613) (92,374)
Other financing activities 546 (586)
Net cash used in financing activities (505,372) (722,735)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 4 (1,170)
Net change in cash, cash equivalents, and restricted cash 218,656 (448,633)
Cash, cash equivalents, and restricted cash at beginning of period 408,966 846,230
Cash, cash equivalents, and restricted cash at end of period 627,622 397,597
Supplemental disclosures of cash flow information    
Income taxes paid 54,615 227,452
Purchases of leasehold improvements, property and equipment accrued in accounts payable and accrued liabilities 81,724 58,127
Acquisition of treasury stock accrued in accounts payable and accrued liabilities $ 15,312 $ 5,999