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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating activities      
Net income $ 1,228,737 $ 899,101 $ 652,984
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 319,394 286,826 254,657
Deferred income tax provision (9,505) (43,195) (12,357)
Impairment, closure costs, and asset disposals 37,025 20,738 17,086
Provision for credit losses 1,570 (760) 493
Stock-based compensation expense 124,016 98,030 176,392
Other (13,080) (16,202) (4,599)
Changes in operating assets and liabilities:      
Accounts receivable (11,216) (14,026) (1,687)
Inventory (3,649) (3,011) (6,392)
Prepaid expenses and other current assets (39,211) (14,660) (26,826)
Operating lease assets 254,241 234,273 223,837
Other assets 4,204 (346) 3,993
Accounts payable 5,313 18,208 21,440
Accrued payroll and benefits 57,048 9,864 (44,555)
Accrued liabilities 3,188 (27,964) 10,997
Unearned revenue 35,685 33,374 34,387
Income tax payable/receivable (5,237) 46,262 193,379
Operating lease liabilities (214,477) (207,186) (207,164)
Other long-term liabilities 9,431 3,853 (3,984)
Net cash provided by operating activities 1,783,477 1,323,179 1,282,081
Investing activities      
Purchases of leasehold improvements, property and equipment (560,731) (479,164) (442,475)
Purchases of investments (1,115,131) (614,416) (429,350)
Maturities of investments 729,853 263,548 345,748
Proceeds from sale of equipment 0 0 4,035
Net cash used in investing activities (946,009) (830,032) (522,042)
Financing activities      
Acquisition of treasury stock (592,349) (830,140) (466,462)
Tax withholding on stock-based compensation awards (69,146) (98,970) (79,870)
Other financing activities 843 (294) (2,274)
Net cash used in financing activities (660,652) (929,404) (548,606)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 381 (1,007) (1,039)
Net change in cash, cash equivalents, and restricted cash 177,197 (437,264) 210,394
Cash, cash equivalents, and restricted cash at beginning of year 408,966 846,230 635,836
Cash, cash equivalents, and restricted cash at end of year 586,163 408,966 846,230
Supplemental disclosures of cash flow information      
Income taxes (refunded)     (17,831)
Income taxes paid 400,229 275,796  
Purchases of leasehold improvements, property and equipment accrued in accounts payable and accrued liabilities 76,415 72,021 63,802
Acquisition of treasury stock accrued in accounts payable and accrued liabilities $ 5,643 $ 4,497 $ 7,695